Tanzania’s automotive scene is heating up, and if you’re eyeing the lubricant oil market, here’s why you should pay attention:
- Big Market Growth: Tanzania’s used car market is set to skyrocket from USD 38.5 million in 2024 to a whopping USD 55.66 million by 2029. That’s a 7.65% annual growth rate!
- Japanese Car Fever: Tanzanians love their imported used cars, especially those sleek Japanese models. Affordable, reliable, and available – they’re a hit!
- Online Car Shopping: Say goodbye to traditional showrooms! Online platforms are where it’s at. Buyers can check out everything from engine specs to mileage with just a click.
- Affordability Rules: New cars? Not so much. Used cars are king here because they’re easier on the wallet.
- Tech-Savvy Buyers: Millennials and Gen Z are all about tech. They’re driving the shift to online car shopping, making it easier and more transparent.
- SUVs Dominate: Tanzanians have a soft spot for SUVs, especially the Toyota Land Cruiser and Lexus LX. Tough, reliable, and perfect for the terrain!
- Diesel Dominance: When it comes to fuel, diesel is the go-to choice, making up a whopping 82% of used car sales. It’s all about efficiency and lower costs.
- Lubricants in Demand: With more cars hitting the road, the demand for lubricants like diesel engine oil, brake fluid, and transmission oil is soaring.
- Motorcycle Mania: It’s not just cars – motorcycles are booming too. Easy to maintain, perfect for urban traffic, and affordable.
- Future Looks Bright: As the market grows, so do opportunities in related industries. Get ready for a dynamic automotive landscape in Tanzania!
Ready to dive into Tanzania’s lubricant oil market? The future is revving up – don’t miss out on the ride!
P.S. Whenever you’re ready… here are 4 ways we can help you, start, launch and growing your lubricant oil business:
Project Business Planning: We prepare professional lubricant oil business plan designed to secure funding from investors and banks. It’s your strategic roadmap to success!
Promotion and Advertising: Amplify brand awareness and generate leads by featuring your lubricant oil brands and products on our website, engaging audiences across Africa.
Expert Guidance: Access expert advice on regulatory requirements, licenses, permits, and associated costs and timelines for launching and managing a successful lubricant business in Tanzania.
Get Reliable Suppliers: Partner with trusted suppliers of lubricant oils, base oils, and used engine oils for smooth project and company operations.
