Nigeria Passenger Vehicles Lubricants Market

Nigeria Passenger Vehicles Lubricants Market Analysis

The Nigeria Passenger Vehicles Lubricants Market size is estimated at 77.47 million liters in 2025, and is expected to reach 83.37 million liters by 2030, at a CAGR of 1.48% during the forecast period (2025-2030).

• 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.

Nigeria Passenger Vehicles Lubricants Market Trends

Largest Segment By Product Type : Engine Oils

• Passenger vehicles (PVs) are the second-largest segment in terms of automotive lubricant consumption in Nigeria. During 2015-2019, the PV lubricant consumption registered a CAGR of almost 1%, primarily owing to the surge in the car population of the country.
• In 2020, PVs accounted for about 33.4% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share in PV lubricant consumption, with a share of over 81.4% during the year. During 2020, PV lubricants consumption declined by 7.8% due to the low usage of the vehicle fleet post the COVID-19 outbreak.
• During 2021-2026, the greases segment is projected to register a steady rate exhibiting a CAGR of 2.48%. This growth is likely to be driven by the recovery of passenger car production and recovery in average distance traveled in the country.

Nigeria Passenger Vehicles Lubricants Industry Overview

The Nigeria Passenger Vehicles Lubricants Market is fairly consolidated, with the top five companies occupying 65.40%. The major players in this market are 11Plc, Ardova Plc, BP Plc (Castrol), Oando PLC and TotalEnergies (sorted alphabetically).

Nigeria Passenger Vehicles Lubricants Market Leaders

Nigeria Passenger Vehicles 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.