Driven by the various initiatives by the government for increasing the automotive industry and increasing the sale of new vehicles in the country, the lubricants market in Kenya has ample growth potential in the coming years.
Marketing and Distribution of petroleum products: Kenya’s lubricant market sales increased from 2017 to 2022, owing to an increase in the country’s average price for lubricants per liter. Kenya Lubricant Market participants are primarily involved in the marketing and distribution of petroleum products to end users’ customers, as well as the provision of storage facilities and other allied services. Retail Station Dealerships are used by many market players to provide long-term value to their retailers and other stakeholders. Lubricants were sold to end users with varying margins through a large network of OEM workshops, dealers and distributors, supermarkets, and online stores.
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Private investments in the energy sector: The Kenyan government is interested in developing renewable energy sources to generate electricity. Private investments in these projects are the primary drivers of increased demand for lubricants in the power generation sector. Kenya’s nuclear power development program has a total installed power generating capacity of 5,221MW in 2022, as well as a legislative and regulatory framework, site selection, and capacity building, creating promising opportunities for the lubricants industry. All these factors are increasing the demand for lubricants in the country’s power generation industry.
The demand for new cars in the country: In 2022, new car sales in the country increased as the economy recovered from a pandemic, driving up demand. This had investments in power generation. The impact of COVID-19 is still impacting the market growth of the country. The condition is expected to improve post-2022, benefiting the market under consideration. The market is growing due to increased demand from the industrial and construction segments, as well as investments in power generation and the automotive industry that are creating a lucrative growth opportunity for the lubricant market.
Aanalysts at Ken Research in their latest publication “Kenya Lubricants Market Outlook to 2027F – Segmented by Origin (Mineral, Synthetic & Semi-Synthetic), By Lubricant Type (Automotive & Industrial), By Automotive Lubricants (By Product Type, By End-Users & by Distribution Channels) and By Industrial Lubricants (By Product Type, By End-Users & by Distribution Channels)” observed the potential of the Lubricants Market in Kenya. The robust automotive sector in the country, continuous investment in research & development, and marketing activities by the lubricant manufacturers with government incentives are expected to contribute to the market growth over the forecast period. The Kenya Lubricants Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
Key Segments Covered: –
Kenya Lubricants Market Segmentations:
By Type of Lubricant:
- Industrial Lubricant
- Automotive Lubricant
By Grade of Lubricant:
- Mineral
- Semi-Syntenic
- Synthetic
Kenya Industrial Lubricants Market Segmentations:
By Type of Industrial Lubricant:
- Hydraulic Fluid
- Grease
- Gear Oil
- Metalworking Fluid
- Others (Turbine Oil, Compressor Oil, etc.)
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By End Use of Industrial Lubricant:
- Construction and Mining
- General Manufacturing
- Metal Production
- Power Generation
- Food Processing
- Others (Agriculture, Medical, etc.)
By Distribution Channel:
- Dealer Network
- Direct Sales Premium
- Unorganized Sector
Kenya Automotive Lubricants Market Segmentations:
By Type of Automotive Lubricants
- Heavy-Duty Diesel Engine Oil
- Passenger Vehicle Motor Oil
- Transmission Fluids
- Hydraulic Oil
- Greases
- Gear Oils
By End Use of Automotive Lubricant
- Commercial Vehicles
- Passenger Cars
- Motor Cycles
- Marine
- Others (Aviation, Railways, etc.)
By Distribution Channel
- Dealer Network
- OEM Workshops/Service stations/Local Workshops
- Supermarkets/ Hypermarkets
- Online
Key Target Audience
- Lubricants Manufacturers
- Lubricants Distributors Refining Companies
- Construction and Mining Industry
- General Manufacturing Industry
- Metal Production Industry Base-oil Companies
- Additive Companies
- Metal Production Industry
- Power Generation Industry
- Food Processing Industry
- Agriculture Industry
- Medical Industry
- Automotive OEMs
- Automotive Dealerships
- Government Agencies
- Consulting and Advisory Firms
Time Period Captured in the Report:
- Historical Year: 2017-2022
- Base Year: 2022
- Forecast Period: 2022– 2027F
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Companies Covered:
Lubricants Company
- Galana Oil Kenya Limited
- HassPetroleum
- Kenol Kobil
- National Oil Corporation of Kenya
- OLA Energy
- Oryx Energies
- Sepyana Oil EA
- Sinopec
- Total Kenya
- Vivo Energy (Shell)
Key Topics Covered in the Report
- Kenya Lubricants Market Overview
- Ecosystem of Lubricants Market
- Business Cycle and Genesis of Kenya Lubricants Market Overview
- Value Chain Analysis for Kenya Lubricants Market
- SWOT Analysis for Kenya Lubricants Market
- Porter’s Five Forces Analysis Kenya Lubricants Market
- Growth Drivers in Kenya Lubricants Market
- Bottlenecks and Challenges in Kenya Lubricants Market
- Trends and Developments in Kenya Lubricants Market
- Government Regulations
- End User Analysis of Kenya Lubricants Market
- Covid-19 Impact on Kenya Lubricants Market
- Competitive Landscape in Kenya Lubricants Market
- Detailed Analysis of Kenya Lubricants Market (Market Size and Segmentation, 2016-2022; Future Market Size and Segmentation, 2022-2026F)
- Detailed Analysis of Kenya Industrial Lubricants Market (Market Segmentation, 2016-2022; Future Market Segmentation, 2022-2026F)
- Detailed Analysis of Kenya Automotive Lubricants Market (Market Segmentation,2016- 2022; Future Market Segmentation, 2022-2026F)
- Market Opportunity and Analyst Recommendations
For more insights on market intelligence, refer to the link below: –
Future Outlook of Kenya Lubricants Market
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