| Product Code: ETC10854813 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Nigeria continued to see significant imports of automotive composites, with the UK, China, India, Germany, and the USA emerging as the top exporting countries. Despite the high concentration of the Herfindahl-Hirschman Index (HHI), indicating strong market dominance by these countries, the industry experienced a modest compound annual growth rate (CAGR) of 2.35% from 2020 to 2024. However, the sharp decline in growth rate from 2023 to 2024 at -77.82% suggests potential challenges or disruptions faced by the Nigerian automotive composite import market during that period.

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 Composite Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Automotive Composite Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Automotive Composite Market - Industry Life Cycle |
3.4 Nigeria Automotive Composite Market - Porter's Five Forces |
3.5 Nigeria Automotive Composite Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Automotive Composite Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Automotive Composite Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Nigeria Automotive Composite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and fuel-efficient vehicles |
4.2.2 Growing government investments in infrastructure development |
4.2.3 Rise in automotive manufacturing activities in Nigeria |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing composite materials |
4.3.2 Lack of skilled labor for composite manufacturing |
4.3.3 Limited awareness and adoption of automotive composites in Nigeria |
5 Nigeria Automotive Composite Market Trends |
6 Nigeria Automotive Composite Market, By Types |
6.1 Nigeria Automotive Composite Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Automotive Composite Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Automotive Composite Market Revenues & Volume, By Carbon Fiber, 2021 - 2031F |
6.1.4 Nigeria Automotive Composite Market Revenues & Volume, By Glass Fiber, 2021 - 2031F |
6.1.5 Nigeria Automotive Composite Market Revenues & Volume, By Natural Fiber, 2021 - 2031F |
6.1.6 Nigeria Automotive Composite Market Revenues & Volume, By Hybrid Composites, 2021 - 2031F |
6.2 Nigeria Automotive Composite Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Automotive Composite Market Revenues & Volume, By Chassis Parts, 2021 - 2031F |
6.2.3 Nigeria Automotive Composite Market Revenues & Volume, By Body Panels, 2021 - 2031F |
6.2.4 Nigeria Automotive Composite Market Revenues & Volume, By Interior Components, 2021 - 2031F |
6.2.5 Nigeria Automotive Composite Market Revenues & Volume, By Performance Upgrades, 2021 - 2031F |
6.3 Nigeria Automotive Composite Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Automotive Composite Market Revenues & Volume, By Passenger Cars, 2021 - 2031F |
6.3.3 Nigeria Automotive Composite Market Revenues & Volume, By Commercial Vehicles, 2021 - 2031F |
6.3.4 Nigeria Automotive Composite Market Revenues & Volume, By Electric Vehicles, 2021 - 2031F |
6.3.5 Nigeria Automotive Composite Market Revenues & Volume, By Luxury Vehicles, 2021 - 2031F |
7 Nigeria Automotive Composite Market Import-Export Trade Statistics |
7.1 Nigeria Automotive Composite Market Export to Major Countries |
7.2 Nigeria Automotive Composite Market Imports from Major Countries |
8 Nigeria Automotive Composite Market Key Performance Indicators |
8.1 Percentage increase in the use of composite materials in automotive manufacturing |
8.2 Number of new partnerships or collaborations between automotive companies and composite material suppliers |
8.3 Research and development investments in automotive composite technologies |
8.4 Percentage growth in the number of automotive composite applications in Nigeria |
8.5 Training programs or certifications for composite manufacturing skills in the automotive industry |
9 Nigeria Automotive Composite Market - Opportunity Assessment |
9.1 Nigeria Automotive Composite Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Automotive Composite Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Automotive Composite Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Nigeria Automotive Composite Market - Competitive Landscape |
10.1 Nigeria Automotive Composite Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Automotive Composite Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |