Market Size of Nigeria Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 2.60 % |
| Market Concentration | High |
Nigeria Automotive Lubricants Market Analysis
The Nigeria Automotive Lubricants Market size is estimated at 234.22 Million Liters in 2024, and is expected to reach 246.54 Million Liters by 2026, growing at a CAGR of 2.60% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : Nigeria's commercial vehicle sector has the highest lubricant consumption as the country has 3.8 million CVs, most of which are obsolete CVs that require frequent repair.
- Fastest Segment by Vehicle Type - Motorcycles : Nigeria is predicted to have the fastest rise in demand for motorcycle lubricants, owing to a robust comeback in low-cost motorcycle sales and rising travel rates.
- Largest Segment by Product Type - Engine Oils : Engine oil is the most often used product type in Nigerian vehicles since it is used in higher quantities and replenished more frequently than other product categories.
- Fastest Segment by Product Type - Transmission & Gear Oils : Transmission oil consumption is predicted to be the highest among all types in the Nigerian auto industry, as the penetration of automatic and used cars is expected to rise.
