Automotive Manufacturing in Nigeria
Summary
Automotive Manufacturing in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Automotive manufacturing market is segmented into car manufacturing, motorcycle manufacturing, and truck manufacturing. Market value of the automotive manufacturing industry is calculated based on the manufacturer's selling price, excluding taxes and levies. Market volume represents the production of vehicles in a country in a specific year.
- The Nigerian automotive manufacturing industry had total revenues of $0.7 billion in 2023, representing a negative compound annual growth rate (CAGR) of 2.1% between 2018 and 2023.
- Industry production volume increased with a CAGR of 2.1% between 2018 and 2023, to reach a total of 0.6 million units in 2023.
- The combination of economic issues, policy inconsistencies, high costs, and the inflow of used car imports has resulted in a dramatic fall in the Nigerian automobile manufacturing industry.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the automotive manufacturing market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive manufacturing market in Nigeria
- Leading company profiles reveal details of key automotive manufacturing market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria automotive manufacturing market with five year forecasts
- What was the size of the Nigeria automotive manufacturing market by value in 2023?
- What will be the size of the Nigeria automotive manufacturing market in 2028?
- What factors are affecting the strength of competition in the Nigeria automotive manufacturing market?
- How has the market performed over the last five years?
- Who are the top competitors in Nigeria's automotive manufacturing market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. How is new technology shaping long-term strategies?
- 7.4. What is the rationale for the recent joint venture/partnership activity?
- 7.5. What is the rationale for the recent M&A activity?
- 8 Company Profiles
- 8.1. Honda Motor Co., Ltd.
- 8.2. Yamaha Motor Co Ltd
- 8.3. Suzuki Motor Corporation
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Nigeria automotive manufacturing industry value: $ billion, 2018-23
- Table 2: Nigeria automotive manufacturing industry volume: thousand units, 2018-23
- Table 3: Nigeria automotive manufacturing industry category segmentation: % share, by value, 2018-2023
- Table 4: Nigeria automotive manufacturing industry category segmentation: $ billion, 2018-2023
- Table 5: Nigeria automotive manufacturing industry geography segmentation: $ billion, 2023
- Table 6: Nigeria automotive manufacturing industry value forecast: $ billion, 2023-28
- Table 7: Nigeria automotive manufacturing industry volume forecast: thousand units, 2023-28
- Table 8: Honda Motor Co., Ltd.: key facts
- Table 9: Honda Motor Co., Ltd.: Annual Financial Ratios
- Table 10: Honda Motor Co., Ltd.: Key Employees
- Table 11: Honda Motor Co., Ltd.: Key Employees Continued
- Table 12: Yamaha Motor Co Ltd: key facts
- Table 13: Yamaha Motor Co Ltd: Annual Financial Ratios
- Table 14: Yamaha Motor Co Ltd: Key Employees
- Table 15: Yamaha Motor Co Ltd: Key Employees Continued
- Table 16: Yamaha Motor Co Ltd: Key Employees Continued
- Table 17: Suzuki Motor Corporation: key facts
- Table 18: Suzuki Motor Corporation: Annual Financial Ratios
- Table 19: Suzuki Motor Corporation: Key Employees
- Table 20: Nigeria size of population (million), 2019-23
- Table 21: Nigeria real gdp (constant 2010 prices, $ billion), 2019-23
- Table 22: Nigeria gdp (current prices, $ billion), 2019-23
- Table 23: Nigeria inflation, 2019-23
- Table 24: Nigeria consumer price index (absolute), 2019-23
- Table 25: Nigeria exchange rate, 2019-23
- List of Figures
- Figure 1: Nigeria automotive manufacturing industry value: $ billion, 2018-23
- Figure 2: Nigeria automotive manufacturing industry volume: thousand units, 2018-23
- Figure 3: Nigeria automotive manufacturing industry category segmentation: $ billion, 2018-2023
- Figure 4: Nigeria automotive manufacturing industry geography segmentation: % share, by value, 2023
- Figure 5: Nigeria automotive manufacturing industry value forecast: $ billion, 2023-28
- Figure 6: Nigeria automotive manufacturing industry volume forecast: thousand units, 2023-28
- Figure 7: Forces driving competition in the automotive manufacturing industry in Nigeria, 2023
- Figure 8: Drivers of buyer power in the automotive manufacturing industry in Nigeria, 2023
- Figure 9: Drivers of supplier power in the automotive manufacturing industry in Nigeria, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the automotive manufacturing industry in Nigeria, 2023
- Figure 11: Factors influencing the threat of substitutes in the automotive manufacturing industry in Nigeria, 2023
- Figure 12: Drivers of degree of rivalry in the automotive manufacturing industry in Nigeria, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook