| Product Code: ETC8618924 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The automotive carbon fiber composites parts import shipments to Nigeria in 2024 saw a continued high concentration, with top exporting countries being the UK, China, India, Germany, and the USA. Despite a modest CAGR of 2.35% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -77.82%. This fluctuation may indicate shifting market dynamics or temporary disruptions in the supply chain. Monitoring these trends closely will be essential for stakeholders to navigate the evolving landscape of the automotive carbon fiber composites market in Nigeria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Automotive Carbon Fiber Composites Parts Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Automotive Carbon Fiber Composites Parts Market - Industry Life Cycle |
3.4 Nigeria Automotive Carbon Fiber Composites Parts Market - Porter's Five Forces |
3.5 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Automotive Carbon Fiber Composites Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance materials in the automotive industry |
4.2.2 Government initiatives promoting the use of carbon fiber composites for sustainability and fuel efficiency |
4.2.3 Growing focus on reducing carbon emissions and improving vehicle efficiency |
4.3 Market Restraints |
4.3.1 High initial investment and production costs associated with carbon fiber composites |
4.3.2 Limited availability of raw materials and manufacturing expertise in Nigeria |
4.3.3 Lack of awareness and education among consumers and manufacturers about the benefits of carbon fiber composites |
5 Nigeria Automotive Carbon Fiber Composites Parts Market Trends |
6 Nigeria Automotive Carbon Fiber Composites Parts Market, By Types |
6.1 Nigeria Automotive Carbon Fiber Composites Parts Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By Brake Discs, 2021- 2031F |
6.1.4 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By Brake Pads, 2021- 2031F |
6.1.5 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By Battery Housing, 2021- 2031F |
6.1.6 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By Mirror Housing, 2021- 2031F |
6.1.7 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By Chassis, 2021- 2031F |
6.1.8 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By Pillars, 2021- 2031F |
6.2 Nigeria Automotive Carbon Fiber Composites Parts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By OEM, 2021- 2031F |
6.2.3 Nigeria Automotive Carbon Fiber Composites Parts Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Nigeria Automotive Carbon Fiber Composites Parts Market Import-Export Trade Statistics |
7.1 Nigeria Automotive Carbon Fiber Composites Parts Market Export to Major Countries |
7.2 Nigeria Automotive Carbon Fiber Composites Parts Market Imports from Major Countries |
8 Nigeria Automotive Carbon Fiber Composites Parts Market Key Performance Indicators |
8.1 Percentage of automotive manufacturers in Nigeria using carbon fiber composites in their vehicles |
8.2 Number of research and development collaborations between local companies and international experts in carbon fiber composites technology |
8.3 Improvement in the average fuel efficiency of vehicles using carbon fiber composites parts |
8.4 Increase in the number of government policies or incentives supporting the adoption of carbon fiber composites in the automotive sector |
8.5 Growth in the number of skilled professionals trained in carbon fiber composites manufacturing and design in Nigeria |
9 Nigeria Automotive Carbon Fiber Composites Parts Market - Opportunity Assessment |
9.1 Nigeria Automotive Carbon Fiber Composites Parts Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Automotive Carbon Fiber Composites Parts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Automotive Carbon Fiber Composites Parts Market - Competitive Landscape |
10.1 Nigeria Automotive Carbon Fiber Composites Parts Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Automotive Carbon Fiber Composites Parts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |