South Africa Automotive Lubricants Market Introduction and Overview
According to SPER Market Research, the South Africa Automotive Lubricants Market is estimated to reach USD XX billion by 2033 with a CAGR 4.1%.
The report includes an in-depth analysis of the South Africa Automotive Lubricants Market, including market size and trends, product mix, distribution channels, and supplier analysis. Specialized fluids called automotive lubricants are used in cars' engines and transmissions to lessen heat, wear, and friction between the various moving parts. These lubricants, which comprise gearbox, differential, and engine oils, are essential to preserving the vehicle's longevity and peak performance. As an illustration, engine oils work to cool and lubricate engine parts, minimizing the chance of overheating and damage by avoiding metal-on-metal contact.
- April 2022: ExxonMobil Corporation was composed of three business lines: ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions.
- September 2021: Engen launched its Engen App in a groundbreaking move for its clients' convenience. For the convenience of its customers, Engen will provide all of its goods and services via this app. This should help the company's lubricant sales rise and help it become more well-known in the area.
Market Opportunities and Challenges
Opportunities: Numerous important reasons are driving the market for automotive lubricants in South Africa, which offers substantial prospects. Being the biggest and most advanced automotive market in Africa, South Africa has a sizable customer base and rising car ownership and usage, which drives up demand for premium lubricants. Furthermore, there is a growing need for advanced lubricants to support emerging and changing vehicle technologies due to the region's continued growth in automotive manufacturing and assembly facilities. The need for specific lubricants fit for heavy-duty and industrial applications is further fueled by the growth of mining and infrastructure construction.
Challenges: There are various challenges that the South African automotive lubricants market must overcome to maintain stability and growth. One significant obstacle is the unstable economic environment, which can impact the price of lubricants by influencing raw material costs and, consequently, inflation and currency fluctuations. Intense competition among domestic and foreign businesses is another feature of the market that can strain profit margins and spark price wars. Adhering to strict environmental norms and standards presents a big hurdle as well. This calls for ongoing innovation and investment in more environmentally friendly and sustainable lubricant formulations.
Market Competitive Landscape
The top five players hold a 150.94% share of the fairly consolidated automotive lubricants market in South Africa. Astron Energy Pty Ltd, BP PLC (Castrol), Engen Petroleum Ltd, Shell plc, and TotalEnergies are the leading companies in this market.
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 Vehicle Type, By Product Type
|
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region
|
| Companies Covered | Astron Energy Pty Ltd, BP PLC (Castrol), Engen Petroleum Ltd, ExxonMobil Corporation, FUCHS, Puma Energy, Q8Oils, Sasol, Shell plc, TotalEnergies, Others.
|
COVID-19 Impact on South Africa Automotive Lubricants Market
The COVID-19 epidemic caused significant disruptions in the automotive and industrial sectors, which in turn had an impact on the South African market for vehicle lubricants. Due to lower vehicle usage and a slowdown in car manufacturing and sales, the sector saw a major fall in demand during the pandemic. Travel bans and lockdowns reduced the number of miles driven by cars, which in turn reduced the amount of lubricant used in both private and business vehicles. In addition, consumers' and businesses' financial strain and economic uncertainty resulted in lesser spending on non-essential items and postponed car maintenance.
Key Target Audience:
- Vehicle Owners and Drivers
- Automotive Repair Shops and Service Centers
- Fleet Operators
- Automotive Manufacturers and Assembly Plants
- Industrial and Commercial Equipment Users
- Distributors and Retailers
Our in-depth analysis of the South Africa Automotive Lubricants Market includes the following segments:
|
By Vehicle Type:
|
Commercial Vehicles
Motorcycles
Passenger Vehicles
|
|
By Product Type:
|
Engine Oils
Greases
Hydraulic Fluids
Transmission & Gear Oils
|
Key Topics Covered in the Report:
- South Africa Automotive Lubricants Market Size (FY’2024-FY’2033)
- Overview of South Africa Automotive Lubricants Market
- Segmentation of South Africa Automotive Lubricants Market By Vehicle Type (Commercial Vehicles, Motorcycles, Passenger Vehicles)
- Segmentation of South Africa Automotive Lubricants Market By Product Type (Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils)
- Expansion Analysis of South Africa Automotive Lubricants Market
- Problems and Obstacles in South Africa Automotive Lubricants Market
- Competitive Landscape in the South Africa Automotive Lubricants Market
- Impact of COVID-19 and Demonetization on South Africa Automotive Lubricants Market
- Details on Current Investment in South Africa Automotive Lubricants Market
- Competitive Analysis of South Africa Automotive Lubricants Market
- Prominent Players in the South Africa Automotive Lubricants Market
- SWOT Analysis of South Africa Automotive Lubricants Market
- South Africa 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 South Africa 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. South Africa Automotive Lubricants Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Africa Automotive Lubricants Market
7. South Africa Automotive Lubricants Market, By Vehicle Type (USD Million) 2020-2033
7.1. South Africa Automotive Lubricants Market Size, Share and Forecast, By Vehicle Type, 2020-2026
7.2. South Africa Automotive Lubricants Market Size, Share and Forecast, By Vehicle Type, 2027-2033
7.3. Commercial Vehicles
7.4. Motorcycles
7.5. Passenger Vehicles
8. South Africa Automotive Lubricants Market, By Product Type (USD Million) 2020-2033
8.1. South Africa Automotive Lubricants Market Size, Share and Forecast, By Product Type, 2020-2026
8.2. South Africa Automotive Lubricants Market Size, Share and Forecast, By Product Type, 2027-2033
8.3. Engine Oils
8.4. Greases
8.5. Hydraulic Fluids
8.6. Transmission & Gear Oils
9. South Africa Automotive Lubricants Market Forecast, 2020-2033 (USD Million)
9.1. South Africa Automotive Lubricants Market Size and Market Share
10. South Africa Automotive Lubricants Market, By Region, 2020-2033 (USD Million)
10.1. South Africa Automotive Lubricants Market Size and Market Share By Region (2020-2026)
10.2. South Africa Automotive Lubricants Market Size and Market Share By Region (2027-2033)
10.3. Eastern Region
10.4. Western Region
10.5. Northern Region
10.6. Southern Region
11. Company Profile
11.1. Astron Energy Pty Ltd
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. BP PLC (Castrol)
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Engen Petroleum Ltd
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. ExxonMobil Corporation
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. FUCHS
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Puma Energy
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Q8Oils
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Sasol
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Shell plc
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. TotalEnergies
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations
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.
