Africa automotive lubricants market

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•Automotive Lubricants for Africa - Brand Awareness, Market Share, Sales Channel Analysis and Market Size & Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/africa-automotive-lubricants-239124245.html

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The report "Automotive Lubricants for Africa - Brand Awareness, Market Share, Sales Channel Analysis and Market Size & Forecast to 2020", The Africa automotive lubricants market is projected to be worth 763,781.6 kilo liters by 2020, registering a CAGR of 3.5% between 2015 and 2020.

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The automotive lubricants market in Africa is projected to grow at a significant rate primarily during the next five years. The growth of the automotive sector in African countries is fueling the demand for automotive lubricants in Africa. Another major factor contributing to the growth of the market is the rise in the purchasing power of the consumers, which is likely to act as a lucrative opportunity for the market players in the next five years.

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http://www.marketsandmarkets.com/Market-Reports/africa-automotive-lubricants-239124245.html

The Africa automotive lubricants market is projected to be worth 763,781.6 kilo liters by 2020, registering a CAGR of 3.5% between 2015 and 2020. The rapid growth in the automotive sector, driven by improved living standards and increased purchasing power of consumers, is a key factor driving the automotive lubricants market in the region.

The automotive lubricants market for Africa is classified on the basis of sales channels such as OEM dealership, workshops, garages, and others (includes independent retailers).

In Africa, the passenger vehicle segment holds the major share in the automotive lubricant consumption. Independent workshop is the most preferred sales channel for lubricant refills in passenger vehicles. This is primarily because of faster service delivery offered by workshops as compared to OEM dealerships and low cost.

http://www.marketsandmarkets.com/Market-Reports/africa-automotive-lubricants-239124245.html

ď śIn African countries, margin is considered as the most vital factor for the selection of lubricants brand for workshops, garages, and retails. Along with margin, some other factors that are considered important for the selection of lubricants brand are price, brand awareness, and product quality. For instance, in case of OEM franchise, product range, quality, availability, and delivery time are the major parameters influencing the sale, when there are multiple products of different companies recommended by the OEM.

http://www.marketsandmarkets.com/Market-Reports/africa-automotive-lubricants-239124245.html

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