“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.
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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.
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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:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
