Nigeria Automotive Lubricants Market By Size, Share, and Forecast 2023

Summary

Report Description

Nigeria automotive lubricants market is projected to reach $ 683 million by 2023. Increasing preference for vehicles for personal mobility and easy access to finance are among the key factors driving sales of automobiles in the country, which in turn is increasing demand for lubricants used in automobiles. Shifting focus of several companies towards boosting their production base of lubricants, in addition to the rising trend of collaborations between original equipment manufacturers (OEMs) and lubricant manufacturing companies, are expected to aid the country’s automotive lubricants market during the forecast period.

Years Considered for this Report:

Historical Years: 2013 – 2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019 – 2023

Objective of the Study:

The primary objective of the study is to evaluate and forecast the automotive lubricants market in Nigeria, in terms of value and volume.
To categorize the market on the basis of vehicle type, lubricant type, demand category, base oil and region.
To understand major policies and regulations which can positively or negatively impact Nigeria automotive lubricants market.
To identify major drivers, challenges and trends in Nigeria automotive lubricants market.
To identify and profile major companies operating in Nigeria automotive lubricants market.

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Some of the major players operating in Nigeria automotive lubricants market are Mobil Producing Nigeria Unlimited (MPN), Oando Marketing Ltd, MRS Oil Nigeria Plc, Chevron Nigeria Limited (Forte Oil Plc), Grand Petroleum and Chemicals Limited, Ammasco International Limited, Shell Petroleum Development Company, TOTAL Nigeria Plc, Castrol Limited (Eterna Plc), Techno Oil Ltd, etc.

To extract data for Nigeria automotive lubricants market, primary research surveys were conducted with automotive lubricant manufacturers and end users. Moreover, TechSci Research has analyzed various end use sectors and speculated a positive outlook for Nigeria automotive lubricants market in the coming years. Taking into consideration emerging trends in the development of engine technology, ability of materials to enhance the efficiency of the vehicle and advent of the concept of electric vehicles and synthetic base oil lubricants, our team of analysts has speculated a positive future for Nigeria automotive lubricants market.

TechSci Research calculated the Nigeria automotive lubricants market size using a bottom-up approach, wherein companies’ value sales data for base oil (Synthetic Oil, Semi-Synthetic Oil and Mineral Oil) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective companies to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, The Lubricant Producers Association of Nigeria, Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources, etc., were also studied by TechSci Research.

Key Target Audience:

Automotive lubricants manufacturers and other stakeholders
Major end users of automotive lubricant products
Organizations, forums and alliances related to automotive lubricant products
Government bodies such as regulating authorities and policy makers
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as automotive lubricant manufacturers, customers and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, Nigeria automotive lubricants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Vehicle Type:

Passenger Cars
Two-Wheelers
Light Commercial Vehicles
Medium & Heavy Commercial Vehicles
Tractors

Market, by Lubricant Type:

Engine Oil
Gear Oil
Greases
Transmission Fluids

Market, by Base Oil:

Mineral Oil
Semi-Synthetic Oil
Synthetic Oil

Market, by Region:

North
West
East
Mid West

Competitive Landscape

Company Profiles: Detailed analysis of major companies operating in automotive lubricants market in Nigeria.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. Following customization options are available for the report:

Channel Partner Analysis

Detailed list of distributors and dealers across all the regions.

Company Information

Detailed analysis and profiling of additional market players (up to five).

In case you can’t find what you are looking for, then please get in touch with our custom research team at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer

4.1. Aided Brand Awareness

4.2. Factors Influencing Purchase Decisions Brand

4.3. Challenges & Unmet Needs

4.4. Brand Satisfaction

5. Nigeria Automotive Lubricants Market Outlook

5.1. Market Size & Forecast

5.1.1.By Value & By Volume

5.2. Market Share & Forecast

5.2.1.By Vehicle Type (PC, LCV, Two-Wheeler, M&HCV & Tractors)

5.2.2.By Lubricant Type (Engine Oil, Gear Oil, Grease & Transmission Fluids)

5.2.3.By Base Oil (Mineral, Synthetic & Semi-Synthetic)

5.2.4.By Region

5.2.5.By Demand Category (Replacement & OEM)

5.2.6.By Company

5.3. Market Attractiveness Index (By Vehicle Type, By Lubricant Type, By Base Oil, By Region & By Demand Category)

6. Nigeria Passenger Car Automotive Lubricants Market Outlook

6.1. Market Size & Forecast

6.1.1.By Value & By Volume

6.2. Market Share & Forecast

6.2.1.By Vehicle Type (Hatchback & Sedan, SUV & Van)

6.2.2.By Base Oil (Synthetic, Semi-Synthetic & Mineral)

6.2.3.By Region

6.2.4.By Demand Category (Replacement & OEM)

6.3. Market Attractiveness Index (By Vehicle Type, By Base Oil, By Region & By Demand Category)

7. Nigeria Two-Wheeler Automotive Lubricants Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value & By Volume

7.2. Market Share & Forecast

7.2.1.By Base Oil (Synthetic, Semi-Synthetic & Mineral)

7.2.2.By Region

7.2.3.By Demand Category (Replacement & OEM)

7.3. Market Attractiveness Index (By Base Oil, By Region & By Demand Category)

8. Nigeria Light Commercial Vehicle (LCV) Automotive Lubricants Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value & By Volume

8.2. Market Share & Forecast

8.2.1.By Base Oil (Synthetic, Semi-Synthetic & Mineral)

8.2.2.By Region

8.2.3.By Demand Category (Replacement & OEM)

8.3. Market Attractiveness Index (By Base Oil, By Demand Category & By Region)

9. Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value & By Volume

9.2. Market Share & Forecast

9.2.1.By Vehicle Type (Trucks & Buses)

9.2.2.By Base Oil (Synthetic, Semi-Synthetic & Mineral)

9.2.3.By Region

9.2.4.By Demand Category (Replacement & OEM)

9.3. Market Attractiveness Index (By Vehicle Type, By Base Oil, By Demand Category & By Region)

10. Nigeria Tractors Automotive Lubricants Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & By Volume

10.2. Market Share & Forecast

10.2.1. By Base Oil (Synthetic, Semi-Synthetic & Mineral)

10.2.2. By Region

10.2.3. By Demand Category (Replacement & OEM)

10.3. Market Attractiveness Index (By Base Oil, By Demand Category & By Region)

11. Import – Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Policy & Regulatory Landscape

15. Pricing Analysis

16. Nigeria Economic Profile

17. Competitive Landscape

17.1. Competitive Benchmarking

17.2. Company Profiles

17.2.1. Mobil Producing Nigeria Unlimited (MPN)

17.2.2. Chevron Nigeria Limited (Forte Oil Plc)

17.2.3. Oando Marketing Ltd

17.2.4. MRS Oil Nigeria Plc

17.2.5. Grand Petroleum and Chemicals Limited

17.2.6. Ammasco International Limited

17.2.7. Shell Petroleum Development Company

17.2.8. TOTAL Nigeria Plc

17.2.9. Castrol Limited (Eterna Plc)

17.2.10. Techno Oil Ltd

18. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Nigeria Automotive Lubricants Market Size, By Value (USD Million), By Volume (Million Liters), 2013-2023F

Figure 2: Nigeria Gross Domestic Product, By Value, 2013-2017 (USD Billion)

Figure 3: Nigeria GDP Growth Rate, 2013-2017 (Percentage)

Figure 4: Nigeria Automotive Lubricants Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 5: Nigeria Automotive Lubricants Market Share, By Lubricant Type, By Volume, 2013-2023F

Figure 6: Nigeria Automotive Lubricants Market Share, By Base Oil, By Volume, 2017 & 2023F

Figure 7: Nigeria Automotive Lubricants Market Share, By Region, By Volume, 2017 & 2023F

Figure 8: Nigeria Automotive Lubricants Market Share, By Region, By Volume, 2013 - 2023F

Figure 9: Nigeria Automotive Lubricants Market Share, By Demand Category, By Volume, 2013 - 2023F

Figure 10: Nigeria Automotive Lubricants Market Share, By Company, By Value, 2017 & 2023F

Figure 11: Nigeria Automotive Lubricants Market Attractiveness Index, By Vehicle Type, By Volume 2018E-2023F

Figure 12: Nigeria Automotive Lubricants Market Attractiveness Index, By Lubricant Type, By Volume 2018E-2023F

Figure 13: Nigeria Automotive Lubricants Market Attractiveness Index, By Base Oil, By Volume 2018E-2023F

Figure 14: Nigeria Automotive Lubricants Market Attractiveness Index, By Region, By Volume 2018E-2023F

Figure 15: Nigeria Automotive Lubricants Market Attractiveness Index, By Demand Category, By Volume 2018E-2023F

Figure 16: Nigeria Passenger Car Automotive Lubricants Market Size, By Value (USD Million), By Volume (Million Liters), 2013-2023F

Figure 17: Nigeria Passenger Vehicle Sales, By Volume, 2013-2017 (Units)

Figure 18: Nigeria Passenger Vehicles in Use, By Volume, 2013-2017 (Million Units)

Figure 19: Nigeria Passenger Car Automotive Lubricants Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 20: Nigeria Passenger Car Automotive Lubricants Market Share, By Base Oil, By Volume, 2017 & 2023F

Figure 21: Nigeria Passenger Car Automotive Lubricants Market Share, By Region, By Volume, 2017 & 2023F

Figure 22: Nigeria Passenger Car Automotive Lubricants Market Share, By Region, By Volume, 2013-2023F

Figure 23: Nigeria Passenger Car Automotive Lubricants Market Share, By Demand Category, By Volume, 2013-2023F

Figure 24: Nigeria Passenger Car Automotive Lubricants Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

Figure 25: Nigeria Passenger Car Automotive Lubricants Market Attractiveness Index, By Base Oil, By Volume, 2018E-2023F

Figure 26: Nigeria Passenger Car Automotive Lubricants Market Attractiveness Index, By Region, By Volume, 2018E-2023F

Figure 27: Nigeria Passenger Car Automotive Lubricants Market Attractiveness Index, By Demand Category, By Volume, 2018E-2023F

Figure 28: Nigeria Two-Wheeler Automotive Lubricants Market Size, By Value (USD Million), By Volume (Million Liters), 2013-2023F

Figure 29: Nigeria Two-Wheeler Sales, By Value, 2013-2017 (USD Million)

Figure 30: Nigeria Two-Wheeler Sales, By Volume, 2013-2017 (Million Units)

Figure 31: Nigeria Two-Wheeler Automotive Lubricants Market Share, By Base Oil, By Volume, 2017 & 2023F

Figure 32: Nigeria Two-Wheeler Automotive Lubricants Market Share, By Region, By Volume, 2017 & 2023F

Figure 33: Nigeria Two-Wheeler Automotive Lubricants Market Share, By Region, By Volume, 2013-2023F

Figure 34: Nigeria Two-Wheeler Automotive Lubricants Market Share, By Demand Category, By Volume, 2013-2023F

Figure 35: Nigeria Two-Wheeler Automotive Lubricants Market Attractiveness Index, By Base Oil, By Volume, 2018E-2023F

Figure 36: Nigeria Two-Wheeler Automotive Lubricants Market Attractiveness Index, By Region, By Volume, 2018E-2023F

Figure 37: Nigeria Two-Wheeler Automotive Lubricants Market Attractiveness Index, By Demand Category, By Volume, 2018E-2023F

Figure 38: Nigeria Light Commercial Vehicle Automotive Lubricants Market Size, By Value (USD Million), By Volume (Million Liters), 2013-2023F

Figure 39: Nigeria Commercial Vehicle Sales, By Volume, 2013-2017 (Units)

Figure 40: Nigeria Light Commercial Vehicle Automotive Lubricants Market Share, By Base Oil, By Volume, 2017 & 2023F

Figure 41: Nigeria Light Commercial Vehicle Automotive Lubricants Market Share, By Region, By Volume, 2017 & 2023F

Figure 42: Nigeria Light Commercial Vehicle Automotive Lubricants Market Share, By Region, By Volume, 2013-2023F

Figure 43: Nigeria Light Commercial Vehicle Automotive Lubricants Market Share, By Demand Category, By Volume, 2013-2023F

Figure 44: Nigeria Light Commercial Vehicle Automotive Lubricants Market Attractiveness Index, By Base Oil, By Volume, 2018E-2023F

Figure 45: Nigeria Light Commercial Vehicle Automotive Lubricants Market Attractiveness Index, By Region, By Volume, 2018E-2023F

Figure 46: Nigeria Light Commercial Vehicle Automotive Lubricants Market Attractiveness Index, By Demand Category, By Volume, 2018E-2023F

Figure 47: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Size, By Value (USD Million), By Volume (Million Liters), 2013-2023F

Figure 48: Nigeria Commercial Vehicle In Use, By Volume, 2013-2017 (Thousand Units)

Figure 49: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Share, By Vehicle Type, By Volume, 2013-2023F

Figure 50: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Share, By Base Oil, By Volume, 2017 & 2023F

Figure 51: Nigeria Medium & Heavy Automotive Lubricants Market Share, By Region, By Volume, 2017 & 2023F

Figure 52: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Share, By Region, By Volume, 2013-2023F

Figure 53: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Share,

By Demand Category, By Volume, 2013-2023F

Figure 54: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

Figure 55: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Attractiveness Index, By Base Oil, By Volume, 2018E-2023F

Figure 56: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Attractiveness Index, By Region, By Volume, 2018E-2023F

Figure 57: Nigeria Medium & Heavy Commercial Vehicle Automotive Lubricants Market Attractiveness Index, By Demand Category, By Volume, 2018E-2023F

Figure 58: Nigeria Tractors Automotive Lubricants Market Size, By Value, 2013-2023F (USD Million)

Figure 59: Nigeria Tractors Automotive Lubricants Market Size, By Volume, 2013-2023F (Million Liters)

Figure 60: Nigeria Tractors Automotive Lubricants Market Share, By Base Oil, By Volume, 2017 & 2023F

Figure 61: Nigeria Tractors Automotive Lubricants Market Share, By Region, By Volume, 2017 & 2023F

Figure 62: Nigeria Tractors Automotive Lubricants Market Share, By Region, By Volume, 2013-2023F

Figure 63: Nigeria Tractors Automotive Lubricants Market Share, By Demand Category, By Volume, 2013-2023F

Figure 64: Nigeria Tractors Automotive Lubricants Market Attractiveness Index, By Base Oil, By Volume, 2018E-2023F

Figure 65: Nigeria Tractors Automotive Lubricants Market Attractiveness Index, By Region, By Volume, 2018E-2023F

Figure 66: Nigeria Tractors Automotive Lubricants Market Attractiveness Index, By Demand Category, By Volume, 2018E-2023F

Figure 67: Nigeria Grease Imports, By Value, 2012-2016, HS Code-2710193300 (USD Thousand)

Figure 68: Nigeria Brake Fluid Imports, By Value, 2012-2016, HS Code-2710193200 (USD Thousand)

Figure 69: Nigeria Automotive Lubricants Average Selling Prices, 2013-2023F (USD/Liters)

Figure 70: Nigeria Automotive Lubricants Market Share, By Vehicle Type, By Volume, 2017 & 2023F

List of Tables

Table 1: Nigeria Grease Imports, By Country, By Value, 2012-2016, HS Code-2710193300 (USD Thousand)

Table 2: Nigeria Brake Fluid Imports, By Country, By Value, 2012-2016, HS Code-2710193200 (USD Thousand)

Table 3: Nigeria Grease Trade Balance, By Value, 2012-2016, HS Code-2710193300 (USD Thousand)

Table 4: Nigeria Brake Fluid Trade Balance, By Value, 2012-2016, HS Code- 2710193200 (USD Thousand)

Table 5: Nigeria Automotive Lubricants Minimum & Maximum Price Analysis, 2013-2023F (USD/Liter)

Table 6: Nigeria Automotive Lubricants Market CAGR, By Base Oil, By Volume, 2013-2017 and 2018E-2023F

Table 7: Nigeria Automotive Lubricants Market CAGR, By Region, By Volume, 2013-2017 & 2018E-2023F

Frequently asked questions

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Press Release

Increasing Penetration of Used Vehicles to Drive Nigeria Automotive Lubricants Market

Jul, 2018

Growing sales of used automobiles, expanding production base of lubricants and increasing awareness regarding the effective utilization of lubricants to drive demand for automotive lubricants in Nige

Nigeria Automotive Lubricants Market By Vehicle Type (Passenger Car, Two Wheeler, LCV, M&HCV & Tractors), By Lubricant Type (Engine Oil, Gear Oil, Grease & Others), By Base Oil, By Demand Category, Competition Forecast & Opportunities, 2013 – 2023

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