Africa Automotive Lubricants Market is Projected to be Worth 763,781.6 Kilo Liters by 2020
PUNE, India, April 21, 2016 /PRNewswire/ --
The report "Automotive Lubricants for Africa - Brand Awareness, Market Share, Sales Channel Analysis and Market Size & Forecast to 2020", published by MarketsandMarkets, The market is projected to be worth 763,781.6 kilo liters by 2020, registering a CAGR of 3.5% between 2015 and 2020.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 14 market data Tables and 63 Figures spread through 96 Pages and in-depth TOC on "Africa Automotive Lubricants Market"
http://www.marketsandmarkets.com/Market-Reports/africa-automotive-lubricants-239124245.html
Early buyers will receive 10% customization on this report.
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.
Independent workshops is the most-preferred sales channel for the automotive lubricants market in Africa till 2020
The automotive lubricants market in Africa is segmented by sales channels, namely, OEM dealership, workshops, garages, and others (includes independent retailers). Independent workshops is the most preferred sales channel for lubricants refills in passenger vehicles and holds the major market share in the Africa automotive lubricants market. The high demand for independent workshops is primarily because of faster service delivery offered by workshops as compared to OEM dealerships. Moreover, independent workshops also provide lubricants refills at a much lower cost as compared to OEM dealership. On the other hand, others category includes independent retailers which sell lubricants of all brands. These shops include low cost and easily available lubricants which in turn attracts customers.
Hoardings & banners account for the maximum share in brand promotion channel for Africa automotive lubricants market
Hoardings & banners is the leading brand promotion channel in the Africa Automotive Lubricants Market. This is due to the fact that it is the most convenient and effective medium to reach out to the end users. By far, it is one of the most important modes of channel to address the end users. TV commercial is the next preferred promotion channel with leading position in few countries. TV commercial plays a major role in creating awareness of new products for a company as it is the easiest, fastest, and cheapest medium to reach the masses. Other major brand promotion channels adopted by major brands/companies include print media, digital media, and others.
For More Info Make Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=239124245
Margin is the most important factor for the selection of lubricants brand
In 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.
Currently, the Automotive Lubricants Market in Africa is dominated by various market players such as Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation (U.S.), Total S.A. (France), BP Plc. (U.K.), Chevron Corporation (U.S.), PetroChina Company Limited (China), Oil Libya (Kenya), Engen (South Africa), Valvoline (U.S.), KenolKobil (Kenya), Oryx Energies (Tanzania), Conoil Plc. (Nigeria), and Misr Petroleum Company (Egypt).
The research study is aimed at identifying emerging trends and opportunities in the automotive lubricants market for Africa along with a detailed classification of the market, in terms of volume. It provides a comprehensive competitive landscape and identifies the key players in the African market. The research study also includes a detailed segmentation of the automotive lubricants market on the basis of brand awareness, application, and sales channel.
Browse Related Reports:
Synthetic Lubricants Market By Type (Pao, Esters, Group Iii, Pag), By Application (Engine Oil, Metalworking Fluids, And Industrial) And By Regions (Europe, North America, Asia-Pacific And Rest Of The World) Global Trends & Forecasts To 2020
http://www.marketsandmarkets.com/Market-Reports/synthetic-lubricant-market-141429702.html
Middle East & Africa Lubricants Market By Type (Mineral Oil, Synthetic Oil, Bio-Based Oil, And Greases), By Application (Passenger Vehicles, Commercial Vehicles, Aviation And Marine And Industrial Machinery & Equipment) Global Trends & Forecasts To 2019
http://www.marketsandmarkets.com/Market-Reports/middle-east-africa-lubricants-market-241633940.html
About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
SOURCE MarketsandMarkets
Share this article