Kenya Automotive Lubricants Market Introduction and Overview
According to SPER Market Research, the Kenya Automotive Lubricants Market is estimated to reach USD 133.94 million by 2033 with a CAGR of 5.26%.
The report includes an in-depth analysis of the Kenya Automotive Lubricants Market, including market size and trends, product mix, applications, and supplier analysis. Lubricants are substances, such as oils or greases, that reduce friction between moving surfaces. They are widely used in engines, machinery, and industrial equipment to reduce wear and tear, improve performance, and extend the life of mechanical components. The automotive, manufacturing, construction, and agricultural sectors in Kenya, among others, all make extensive use of lubricants.
- The National Oil Corporation of Kenya (NOCK) and the Kenya Pipeline Company are two of the eleven state-owned Kenyan companies that the country's National Treasury announced plans to privatise in November 2023.
- May 2023: ONGC Videsh, India's main overseas oil firm, has found a new partner in Oil India Ltd. to replace a reluctant IndianOil (IOC) in the probable acquisition of a 50% share in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya. However, the OVL-OIL combination may face competition from Sinopec, which entered the fight to take advantage of India's delay in finalising the agreement.
- February 2023: Vivo Energy in Kenya agreed to buy a 74% stake in Engen Limited from PETRONAS International Corporation Ltd. in order to grow its market position, revenue, and lead competitors TotalEnergies and Rubis.
Market Opportunities and Challenges
Opportunities- The automotive lubricants market is being driven by rising demand for synthetic and bio-based lubricants, which are environmentally benign and perform well. Furthermore, lubricant makers and equipment manufacturers can collaborate and partner to develop customised lubrication solutions. In addition, there is an increasing demand for specialised lubricants in specialty industries such as food processing and pharmaceuticals. In addition, expansion into unexplored Kenyan regions and exploration of export potential in neighbouring nations.
Challenges- Automotive lubricants extend the life of a vehicle by minimising friction between solid moving parts and protecting them. However, when lubricants and technologies improve, the growth rate slows significantly. The growing use of synthetic lubricants due to benefits such as improved fuel efficiency has increased oil drain intervals in vehicles from 6-12 months to 18-24 months. Furthermore, buyers want high-quality lubricants with longer oil drain intervals to safeguard their vehicles. However, this has limited the market's volume expansion, and volume growth is likely to be moderate over the projection period. Furthermore, increased sales of electric vehicles are likely to impede market growth in the coming years because they do not consume engine oil.
Market Competitive Landscape
The Kenya Automotive Lubricants Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Galana Energies Limited, Hass Petroleum, Kenol & Kobil, National Oil Corporation of Kenya, Energizing Kenya, OLA Energy, Oryx Energies, Sepyana Oil East Africa Ltd, Sinopec, TotalEnergies Marketing Kenya PLC, Vivo Energy (Shell) and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Vehicle Type, By Composition, By Sales Channel
|
| Regions covered | Eastern, Northern, Southern, Western
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| Companies Covered | Galana Energies Limited, Hass Petroleum, Kenol & Kobil, National Oil Corporation of Kenya, Energizing Kenya, OLA Energy, Oryx Energies, Sepyana Oil East Africa Ltd, Sinopec, TotalEnergies Marketing Kenya PLC, Vivo Energy (Shell).
|
COVID-19 Impact on Kenya Automotive Lubricants Market
The COVID-19 pandemic had a negative influence on the market in 2020 because it severely disrupted supply chains, resulting in production halts and other challenges in practically all industries, including automotive and heavy equipment. New car sales in the country surged in 2021 as economic development recovered after a pandemic-induced slowdown the year before, pushing up demand. This had a favourable impact on the national lubricants market. The condition is predicted to improve in 2022, which will benefit the market being researched.
Key Target Audience:
- Vehicle Owners
- Automotive Dealerships
- Independent Repair Shops and Garages
- Fleet Operators and Managers
- Public Transportation Operators
- Industrial and Construction Companies
- Agriculture Sector
- Government and Municipalities
- Automotive Parts Retailers
- Lubricant Distributors and Wholesalers
Our in-depth analysis of the Kenya Automotive Lubricants Market includes the following segments:
| By Product Type: | Engine OilGear OilGreaseChain OilBrake FluidsOthers |
| By vehicle Type: | ICE Vehicles (Internal Combustion Engine)EV (Electric vehicles) |
| By Composition: | Mineral Oil LubricantsFully Synthetic Oil LubricantsSemi-synthetic Lubricants |
| By Sales Channel: | Original Equipment Manufacturers (OEMs)Aftermarket |
Key Topics Covered in the Report:
- Kenya Automotive Lubricants Market Size (FY’2024-FY’2033)
- Overview of Kenya Automotive Lubricants Market
- Segmentation of Kenya Automotive Lubricants Market by Product Type (Engine Oil, Transmission & Hydraulic Fluids, Gear Oil, Grease, Chain Oil, Brake Fluids, Others)
- Segmentation of Kenya Automotive Lubricants Market by Vehicle Type (ICE Vehicles EV)
- Segmentation of Kenya Automotive Lubricants Market by Composition (Mineral Oil Lubricants, Fully Synthetic Oil Lubricants, Semi-synthetic Lubricants)
- Segmentation of Kenya Automotive Lubricants Market by Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket)
- Statistical Snap of Kenya Automotive Lubricants Market
- Expansion Analysis of Kenya Automotive Lubricants Market
- Problems and Obstacles in Kenya Automotive Lubricants Market
- Competitive Landscape in the Kenya Automotive Lubricants Market
- Impact of COVID-19 and Demonetization on Kenya Automotive Lubricants Market
- Details on Current Investment in Kenya Automotive Lubricants Market
- Competitive Analysis of Kenya Automotive Lubricants Market
- Prominent Players in the Kenya Automotive Lubricants Market
- SWOT Analysis of Kenya Automotive Lubricants Market
- Kenya Automotive Lubricants Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Kenya Automotive Lubricants Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Kenya Automotive Lubricants Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Kenya Automotive Lubricants Market
7. Kenya Automotive Lubricants Market, By Product Type (USD Million) 2020-2033
7.1. Kenya Automotive Lubricants Market Size, Share and Forecast, By Product Type, 2020-2026
7.2. Kenya Automotive Lubricants Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Engine Oil
7.4. Transmission & Hydraulic Fluids
7.5. Gear Oil
7.6. Grease
7.6.1. Multipurpose Grease
7.6.2. Automotive Grease
7.6.3. Synthetic Grease
7.7. Chain Oil
7.8. Brake Fluids
7.9. Others
8. Kenya Automotive Lubricants Market, By vehicle Type (USD Million) 2020-2033
8.1. Kenya Automotive Lubricants Market Size, Share and Forecast, By Vehicle Type, 2020-2026
8.2. Kenya Automotive Lubricants Market Size, Share and Forecast, By Vehicle Type, 2027-2033
8.3. ICE Vehicles (Internal Combustion Engine)
8.3.1. Passenger Cars
8.3.2. Light Commercial Vehicle
8.3.3. Heavy Commercial Vehicle
8.3.4. Two/Three Wheelers
8.3.5. Agricultural Vehicles
8.3.6. Special Purpose Vehicles
8.4. EV (Electric vehicles)
8.4.1. Passenger Cars
8.4.2. Light Commercial Vehicle
8.4.3. Heavy Commercial Vehicle
8.4.4. Two/Three Wheelers
8.4.5. Agricultural Vehicles
8.4.6. Special Purpose Vehicles
9. Kenya Automotive Lubricants Market, By Composition (USD Million) 2020-2033
9.1. Kenya Automotive Lubricants Market Size, Share and Forecast, By Composition, 2020-2026
9.2. Kenya Automotive Lubricants Market Size, Share and Forecast, By Composition, 2027-2033
9.3. Mineral Oil Lubricants
9.3.1. Paraffinic Oil
9.3.2. Naphthenics Oil
9.4. Fully Synthetic Oil Lubricants
9.4.1. Polyalphaolefins
9.4.2. Ester Oil
9.5. Semi-synthetic Lubricants
10. Kenya Automotive Lubricants Market, By Sales Channel (USD Million) 2020-2033
10.1. Kenya Automotive Lubricants Market Size, Share and Forecast, By Sales Channel, 2020-2026
10.2. Kenya Automotive Lubricants Market Size, Share and Forecast, By Sales Channel, 2027-2033
10.3. Original Equipment Manufacturers (OEMs)
10.4. Aftermarket
11. Kenya Automotive Lubricants Market Forecast, 2020-2033 (USD Million)
11.1. Kenya Automotive Lubricants Market Size and Market Share
12. Kenya Automotive Lubricants Market, By Region, 2020-2033 (USD Million)
12.1. Kenya Automotive Lubricants Market Size and Market Share By Region (2020-2026)
12.2. Kenya Automotive Lubricants Market Size and Market Share By Region (2027-2033)
12.3. Eastern
12.4. Northern
12.5. Southern
12.6. Western
13. Company Profile
13.1. Galana Energies Limited
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Hass Petroleum
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Kenol & Kobil
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. National Oil Corporation of Kenya, Energizing Kenya
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. OLA Energy
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Oryx Energies
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Sepyana Oil East Africa Ltd
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Sinopec
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. TotalEnergies Marketing Kenya PLC
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Vivo Energy (Shell)
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
