Morocco Lubricants Market 2021 Value with Status and Global Analysis - Afriquia, Motul (FORMAG), OLA Energy, Petroleum Africa (FUCHS), Petrom

The Morocco Lubricants Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Moroccan lubricants market is expected to register a CAGR of less than 3% during the forecast period.

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Top Leading Companies of Morocco Lubricants Market are Afriquia, Motul (FORMAG), OLA Energy, Petroleum Africa (FUCHS), Petrom, Petromin, Total, Vivo Energy (Shell), Winxo, ZIZ lubrifiants and others.

Key Market Trends

Automotive Segment to Drive the Market

- Automotive and other transportation media, such as aircraft and marine, are the largest markets for lubricants.

- Engine designs have been continually improved to enhance performance, increase efficiency, and meet the environmental emission regulations.

- Light-duty vehicles include two-wheelers and passenger cars. Engine oils, gear oils, transmission oils, greases, and compressor oils are the most widely used lubricants in these automobiles. Lubricants have a good share in the aftermarket and among OEMs.

- The automotive industry is one of the pillars of the country's economy. Several international companies are investing in the industrial zones, such as Tangier and Kenitra. Furthermore, Morocco unseated South Africa in 2019 from the top of the podium of African car producers.

- PSA and Renault-Nissan are the major automobile manufacturers in the country. The country, which manufactures one car every 90 seconds, aims to produce 500,000 cars in 2020, and it plans to produce 1,000,000 cars per year by 2023.

- Sales of vehicles in the country decreased from 177,359 units in 2018 to 165,916 units in 2019, registering a dip of 6.45%. However, in the first two months of 2020 (before the COVID-19 outbreak), the automotive sales in the country witnessed a solid recovery, as the sales posted more than 13% YTD (year to date) growth when compared to 2019, which is expected to positively influence the demand for lubricants, for a brief period after the pandemic recovery, owing to the increased servicing of vehicles. This trend is expected to contribute to the demand for lubricants in the aftermarket.

Regional Outlook of Morocco Lubricants Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Morocco Lubricants Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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