“Growth
in sales of cars and motorcycles coupled with increase in manufacturing activities
has led to rising domestic consumption of lubricants in Uganda Year-On-Year.”
Analysts at Ken
Research in their latest publication “Uganda Lubricants Market Outlook to 2023 - By Basis of
Origin (Mineral, Semi-Synthetic and Synthetic), By Type (Automotive Lubricants
and Industrial Lubricants), By Automotive and Industrial Product Types, By Automotive
and Industrial End Users and By Automotive and Industrial Channels of
Distribution” believe that increasing production of
synthetic and semi-synthetic lubricants, building brand image / investing
towards marketing activities, developing facilities for refining of used oil,
recycling and effective disposal, expanding dealer networks, focusing on
industrial lubricants and investment in R&D will aid the lubricants market demand
in Uganda. The market is expected to register a positive CAGR of 17.1% in terms
of revenue and a CAGR of 14.8% in terms of sales volume during the forecast
period of 2018–2023.
Growing Vehicle Sales in Uganda: Increased sales of passenger vehicles and Motor-cycles have
majorly driven the demand for automotive lubricants market in Uganda. Demand
from this sector is expected to remain consistently high in the near future, following
the present trend in the sector. The country witnessed an increase in new motorcycle
registrations from 66,300 in 2012 to 93,894 in 2018, thereby leading to high usage
of automotive lubricants especially passenger car motor oils, heavy duty diesel
engine oils, hydraulic oils and others. In addition to that, the government of
Uganda ordered 4 CRJ900 planes from Canadian aircraft manufacturer and is also
expected to launch their own national airlines in the near future which will
boost the demand for aviation-based lubricants in the country.
Increasing Demand for Synthetic and Semi-Synthetic
Lubricants: While mineral oil based lubricants
account for majority of the demand for lubricants in Uganda due to their
economical price, the demand for synthetic and semi-synthetic lubes has been
rising due to increasing awareness of their multiple benefits and the consumers
considering good quality lubricants for their vehicles. This includes their physical
properties such as high Viscosity Index (VI), high level of thermal stability,
low freezing point, high boiling point and others, thereby helping to reduce
friction between surfaces of machinery parts and the rate of wear-and-tear.
This improves the productivity, and hence longevity, of machinery equipment and
cars.
Increasing Usage of Recycled
Lubricant Oils: The trend of using cheap
recycled lubricants instead of the expensive imported lubricants (due to low
disposable incomes of the people in the country) has been increasing in Uganda
since 2015. The domestic production of recycled lubricants has also impacted
the market as now sellers have started selling recycled lubricants in the
country. The re-packaging of these used /
recycled lubes affects the market demand largely and reduces the
trustworthiness of companies operating in the lubricants segment. The fake
oil is produced from waste lubricants and machine oil, which is bought cheaply
from various fuel stations in Kampala and are further, recycled and repackaged
for sale as clean lubricants. Major players such as total and Shell were
alleged by lube end users that their lube oil was not performing as expected,
thereby affecting their financial performance.
Keywords:-
Uganda Lubricants Market
Uganda Lubricants Market Research Report
Uganda Lubricants Market Revenue
Uganda Lubricants Market Sales Volume
Uganda Lubricants Market Companies
Uganda Lubricants Market Insights
Hydraulic Oils Market Uganda
Greases Market Uganda
Gear Oils Market Uganda
Industrial Oils Market Uganda
Turbine Oils Market Uganda
Uganda Construction Sector
Uganda Manufacturing Sector
Uni Oil Lubricants Market
Libya Oil Lubricants Market
Key Segments Covered:-
Basis of Origin
Mineral
Oil
Semi-Synthetic
Oil
Synthetic
Oil
Type
Automotive
Lubricants
Industrial
Lubricants
Automotive Lubricant Type
Type of Oil
Passenger
Car Motor Oils and Motorcycle Oils
Heavy
Duty Diesel Engine Oils
Hydraulic
Oils
Gear Oils
& Transmission Fluids
Greases
End User
Passenger
Vehicles and Motorcycles
Commercial
Vehicles
Marine
Aviation
Distribution Channel
OEMs (B2B)
Dealer
Network (OEM Workshops /Service Stations /Local Workshops) (B2C)
Industrial Lubricant Type
Type of Oil
Hydraulic
Oils
Industrial
Gear Oils
Compressor
oils
Transformer
oils
Turbine
Oil
Industrial
Greases
End Users
Manufacturing
Construction
Power
generation
Others (Agriculture,
Mining and Mass Roadways Transport)
Distribution Channel
Direct
Sales
Dealer
Network
Key Target Audience:-
Lubricant
Manufacturers, Distributors and Importers
Automobile
Manufacturers
Plastic
Manufacturers
Metal
Working Companies
Auto and
Auto Component Manufacturers
Construction
Companies
Textile Companies
Cement Companies
Mining Companies
Paper and
Pulp Manufacturers
Power
Generation Companies
Steel
Manufacturers
Food
& Beverage Companies
Time Period Captured in the Report:-
Historical Period – 2012-2018
Forecast Period – 2019-2023
Companies Covered:-
Total
Vivo
Energy
Chevron
Mogas
ENOC
KenolKobil
Petrocity
Oryx
Energies
Hass
Petroleum
Other
Players (Habib Oil, Ravoline, Potenza, Uni Oil, Libya Oil, Mount Meru and other
recycled lubricant manufactures i.e.
other local blenders)
For more information on the research report, refer to below
link:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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