Nigeria Auto Parts and Accessories Market Set to Cross USD 2.5 Billion by 2031

Published | 22 October 2025

Nigeria Auto Parts and Accessories Market is flourishing because of an increasing demand for and sales of vehicles and a rising level of disposable incomes across the country.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Nigeria Auto Parts and Accessories Market size at USD 1.74 billion in 2024. During the forecast period from 2025 to 2031, BlueWeave expects the Nigeria Auto Parts and Accessories Market size to expand at a CAGR of 5.49%, reaching a value of USD 2.53 billion by 2031. Rising vehicle ownership and investments in electric vehicles (EVs) are major growth factors for Nigeria Auto Parts and Accessories Market. Manufacturers of automobiles are focusing on incorporating innovations in their vehicles and launching lightweight, fuel-efficient, and environmentally compliant auto parts and accessories. It, in turn, is expected to boost the growth of Nigeria Auto Parts and Accessories Market during the period in analysis.

Opportunity - Rising Vehicle Ownership in Nigeria

Increasing vehicle ownership across the nation is expected to boost the growth of Nigeria Auto Parts and Accessories Market. An increasing number of vehicle owners are to spur the demand for maintenance, customization, and replacement of auto parts and accessories. The frequent use of vehicles leads to wear and tear of auto parts and, therefore, needs regular maintenance and servicing for the smooth functioning of vehicles. In addition, technological advancements in auto parts and accessories, such as the rising integration of advanced driver assistance systems (ADAS), are also projected to propel the growth of Nigeria Auto Parts and Accessories Market over the forecast period.

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Impact of Escalating Geopolitical Tensions on Nigeria Auto Parts and Accessories Market

Escalating geopolitical tensions could hinder the growth of Nigeria Auto Parts and Accessories Market. Geopolitical conflicts result in supply chain disruption causing shortages of auto parts and accessories in the market. As most of Nigeria's auto parts and accessories are imported, supply chain barriers lead to increased costs and delays. Government-imposed trade restrictions and supply chain disruptions result in lower profit margins for industry players, which often means that consumers bear the brunt of the increased costs. Additionally, these conflicts frequently result in shifts in trade relationships due to divestment campaigns against aggressive countries, which may negatively impact the growth of Nigeria Auto Parts and Accessories Market in the coming years.

Passenger Vehicles Lead Nigeria Auto Parts & Accessories Market

The passenger vehicles (PVs) segment holds the largest market share of Nigeria Auto Parts and Accessories Market by vehicle type. Nigeria had about 12 million registered motor vehicles in 2023. The demand for regular maintenance and servicing of PVs to ensure their smooth function, fuel efficiency, and safety is influencing the growth of Nigeria Auto Parts and Accessories Market as well. The other major vehicle type segments of Nigeria Auto Parts and Accessories Market include commercial vehicles (CVs), light commercial vehicles (LCVs), and sports utility vehicles (SUVs).

Competitive Landscape

Nigeria Auto Parts and Accessories Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include A.G. Leventis, APN Auto Link Ltd, Boulos Enterprises Limited, CFAO Yamaha Motor Nigeria Limited, COSEA INTEGRATED CO, Dallas Trading Co, Toyota, United African Company (UAC), and WinPart. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in Nigeria Auto Parts and Accessories Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Nigeria Auto Parts and Accessories Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Nigeria Auto Parts and Accessories Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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