South africa lubricant market outlook to 2020 : Ken Research

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SOUTH AFRICA LUBRICANT MARKET OUTLOOK TO 2020 : KEN RESEARCH


SOUTH AFRICA LUBRICANT MARKET 

South Africa lubricant market has witnessed considerable growth over the period 2010-2015 and has become a hub of operations for major players such as Shell, Engen, BP/Castrol, Total and Chevron. Consumption of lubricants in South Africa has been reported at ~ thousand tons in 2010. Factors such as inclining vehicle sales and enhancing manufacturing, construction and mining and quarrying sector has propelled the consumption of finished lubricants to ~ thousand tons in 2015


South Africa Automotive Lubricant Market Size 

 

Automotive lubricants market of South Africa has observed a significant growth of ~% in terms of revenue over the period 2010-2015. Revenues of the market for automotive lubricants has enhanced from USD ~ million in 2010 to USD ~ million in 2015. Number of factors has contributed towards the growth automotive sector over the period 2010-2015. Such growth in the revenues has been witnessed on the grounds of surging sales of vehicles in the country. Production of vehicles in South Africa has also surged over the period 2010-2015, which has further propelled the market for automotive lubricants in South Africa. Total production of vehicles has amplified from ~ in 2010 to ~ in 2015. Production of commercial vehicles has surged from ~ in 2010 to ~ in 2015. On the other hand, production of cars in the country increased from ~ in 2012 to ~ in 2015.


South Africa Automotive Lubricant Market Segmentation 

Passenger vehicles are the largest end users for lubricants in South Africa. Consumption of lubricants by passenger vehicles has augmented from ~ thousand tons in 2010 to ~ thousand tons 2015. On the other hand its share in revenues in the automotive sector has enhanced from ~% in 2010 to ~% in 2015.


South Africa Industrial And Machinery Lubricants Market Size 

Market for industrial and machinery lubricants in South Africa has enhanced from USD ~ million in 2010 to USD ~ million in 2015 registering a CAGR of ~% during the review period. Several factors have contributed towards the growth of the market over the period 2010-2015. Revenues of the construction industry has surged from ZAR ~ billion in 2010 to ZAR ~ billion in 2015 posting a significant CAGR of ~% during the period. This has increased the consumption of lubricants by construction machinery in South Africa. Mining and quarrying industry which consumes around ~% of the industrial and machinery lubricants in the county has amplified from ZAR ~ billion in 2011 to ZAR ~ billion in 2015. The machinery used in the mining requires lubricants to perform efficiently which makes it an essential requirement. Therefore, growth in the mining and construction industry has propelled the lubricant industry of South Africa. Revenues of the manufacturing industry have also augmented from ZAR ~ billion in 2010 to ZAR ~ billion in 2015


South Africa Industrial And Machinery Lubricants Market Segmentation 

Mining and quarrying sector and the manufacturing sector have accounted for the largest revenue share of 36.2% and 33.6% in the industrial lubricants market during 2015. Shell has been the leading player in the industrial and machinery segment as of 2015 and their lubricants are significantly popular in South Africa. Lubricants are essential requirements for a mining operation to be profitable, as they ensure the efficiency of equipments. Mining conditions are extremely harsh which makes the application of lubricants particularly important. Contribution of mining and quarrying to the overall GDP of county has increased from ~% in 2009 to ~% in 2013.


FIGURE: SOUTH AFRICA INDUSTRIAL AND

USD Million

MACHINERY LUBRICANT MARKET SIZE ON THE BASIS OF REVENUE IN USD MILLION, 2010-2015

2010

2011

2012

2013

2014

2015


South Africa Future Outlook And Projections 

South Africa lubricants market has grown at a considerable pace over the period 2010-2014. However, the growth was slightly constrained in the year 2015 mainly due to falling vehicle sales and slow growth in the manufacturing sector. The market has been anticipated to pick up from 2017, and grow significantly over the period 20172020. Market for lubricants in South Africa has been projected to reach USD ~ million in 2020, posting a CAGR of ~% over the period 2016-2020.


FIGURE: SOUTH AFRICA FUTURE OUTLOOK AND PROJECTIONS ON THE BASIS OF REVENUE IN USD MILLION, 2016-2020 2.000

USD Million

1.800 1.600 1.400 1.200 1.000 800 600 400 200 0 2016

2017

2018

2019

2020


Key Factors Considered In The Report            

Market size of South Africa Lubricant Market by Revenue Market size of South Africa Lubricant market by consumption Market size of South Africa Automotive Lubricant Market Market size of South Africa Industrial and Machinery Lubricants Market South Africa Lubricant Market Segmentation by Application South Africa Lubricant Market Segmentation by Provinces South Africa Automotive Lubricant Market Segmentation by Major end Users South Africa Automotive Lubricant Market Segmentation by Type of Base Oil Used South Africa Automotive Lubricant Market Segmentation by Distribution Channel South Africa Automotive Lubricant Market Segmentation by Organized and Unorganized Sector South Africa Industrial and Machinery Lubricant Market Segmentation by Major end Users South Africa Industrial and Machinery Lubricant Market Lubricant Market Segmentation by Type of Base Oil Used


DISCLAIMER 



The research reports provided by Ken Research are for the personal information of the authorized recipient and is not for public distribution and should not be reproduced or redistributed without prior permission. None of this material may be used for any commercial or public use until unless authorized by Ken Research. The report will only be used as per the license rights authorized by Ken Research. The information provided in the research documents is from publicly available data and other sources, which are reliable. Efforts are made to try and ensure accuracy of data. With respect to documents available, neither the company nor any of its employees makes any warranty, express or implied, including the warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use will not infringe privately owned rights.


Source : https://www.kenresearch.com/automotive-transportationand-warehousing/automotive-and-automotive-components/southafrica-lubricant-market-report/42049-100.html

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