Nigeria Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 234.22 Million Liters |
| Market Volume (2026) | 246.54 Million Liters |
| 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.
Nigeria Automotive Lubricants Market Trends
This section covers the major market trends shaping the Nigeria Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Commercial Vehicles
- In Nigeria, the passenger vehicles (PV) segment accounted for the largest share of around 55.4% in the total number of on-road vehicles in 2020, followed by commercial vehicles (CV) and motorcycles (CV), which held shares of 31.1% and 13.4%, respectively.
- The CV segment accounted for the highest share of around 64.5% in total automotive lubricant consumption in 2020, followed by PV (33.4%) and MC (2.08%), respectively. In 2020, the COVID-19 pandemic led to a significant dip in lubricants consumption, wherein PV lubricant consumption recorded the highest drop of 7.8%, followed by the MC (5.3%) and CV (4.95%) segments.
- The motorcycle segment is projected to be the fastest-growing in terms of lubricant consumption, registering a CAGR of 3.38% over the period 2021-2026. The growth is expected to be driven by a recovery in low-cost moped sales and increasing penetration of foreign motorcycle brands over the coming years.
Nigeria Automotive Lubricants Industry Overview
The Nigeria Automotive Lubricants Market is fairly consolidated, with the top five companies occupying 67.73%. The major players in this market are 11Plc, Ardova Plc, BP Plc (Castrol), Oando PLC and TotalEnergies (sorted alphabetically).
Nigeria Automotive Lubricants Market Leaders
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11Plc
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Ardova Plc
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BP Plc (Castrol)
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Oando PLC
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Nigeria Automotive Lubricants Market News
- November 2021: Ardova PLC acquired Enyo Retail & Supply Limited in 2021. This acquisition adds Enyo's 95 retail stations to Ardova's existing 450 stations, growing its portfolio to 545 stations nationwide.
- April 2021: Total Nigeria PLC and Moove Africa signed a Memorandum of Understanding to form a partnership that would improve the welfare of Moove vehicle drivers by providing access to the fleet management system, as well as premium services and price reductions on lubricants and other services.
- March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.
Nigeria Automotive Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Transmission & Gear Oils
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 11Plc
5.3.2 Ammasco International Limited
5.3.3 Ardova Plc
5.3.4 BP Plc (Castrol)
5.3.5 Conoil PLC
5.3.6 Eterna Plc
5.3.7 MRS OIL NIGERIA PLC
5.3.8 Oando PLC
5.3.9 Royal Dutch Shell Plc
5.3.10 TotalEnergies
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
Nigeria Automotive Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Nigeria Automotive Lubricants Market Research FAQs
How big is the Nigeria Automotive Lubricants Market?
The Nigeria Automotive Lubricants Market size is expected to reach 234.22 million Liters in 2024 and grow at a CAGR of 2.60% to reach 246.54 million Liters by 2026.
What is the current Nigeria Automotive Lubricants Market size?
In 2024, the Nigeria Automotive Lubricants Market size is expected to reach 234.22 million Liters.
Who are the key players in Nigeria Automotive Lubricants Market?
11Plc, Ardova Plc, BP Plc (Castrol), Oando PLC and TotalEnergies are the major companies operating in the Nigeria Automotive Lubricants Market.
Which segment has the biggest share in the Nigeria Automotive Lubricants Market?
In the Nigeria Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the Nigeria Automotive Lubricants Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the Nigeria Automotive Lubricants Market.
What years does this Nigeria Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the Nigeria Automotive Lubricants Market size was estimated at 229.60 million Liters. The report covers the Nigeria Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nigeria Automotive Lubricants Market size for years: 2024, 2025 and 2026.
Nigeria Automotive Lubricants Industry Report
Statistics for the 2024 Nigeria Automotive Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nigeria Automotive Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
