africon conducts largest IAM automotive study on the Nigerian market
africon conducted a major Nigeria research project for a German supplier of IAM automotive engine parts. The study – one of the most in-depth africon studies in Nigeria so far – evaluated the entire value chain of the automotive industry, the diesel generator business, the market for agricultural machinery as well as construction machinery in the country.
All areas suffer from a share of around 60-70% of fake parts in the aftermarket. Nevertheless, the numbers are huge: driven by mainly 12.5m motor vehicles and 400,000 diesel generators, the engine spare parts market in Nigeria is an industry of several hundred million dollars.