Nigeria Automotive Engine Oils Market Size

Statistics for the 2023 & 2024 Nigeria Automotive Engine Oils market size, created by Mordor Intelligence™ Industry Reports. Nigeria Automotive Engine Oils size report includes a market forecast to 202 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Nigeria Automotive Engine Oils Industry

market snapshot grapgh
Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 170.93 Million Liters
Market Volume (2026) 177.98 Million Liters
CAGR (2024 - 2026) 2.04 %
Market Concentration High

Nigeria Automotive Engine Oils Market Analysis

The Nigeria Automotive Engine Oils Market size is estimated at 170.93 Million Liters in 2024, and is expected to reach 177.98 Million Liters by 2026, growing at a CAGR of 2.04% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Commercial Vehicles : The Nigerian commercial vehicle sector has the highest engine oil 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 engine oil, owing to a robust comeback in low-cost motorcycle sales and rising travel rates.

Nigeria Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026