Market Size of Nigeria Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 1.48 % |
| Market Concentration | High |
Nigeria Passenger Vehicles Lubricants Market Analysis
The Nigeria Passenger Vehicles Lubricants Market size is estimated at 76.34 Million Liters in 2024, and is expected to reach 78.61 Million Liters by 2026, growing at a CAGR of 1.48% during the forecast period (2024-2026).
- Largest Segment by Product Type - Engine Oils : Since it is used in enormous amounts and replenished more frequently than other product categories, engine oil is the most popular product in Nigerian SUVs and sedans.
- Fastest Segment by Product Type - Transmission & Gear Oils : Transmission oil consumption is predicted to be the highest among all product types in the Nigerian PV sector, as penetration of automatic and used cars is expected to rise.
