Nigeria Automotive Manufacturing Market Summary, Competitive Analysis and Forecast to 2027
Summary
Automotive Manufacturing in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The automotive manufacturing industry comprises the production of trucks, passenger cars and motorcycles.
- The Nigerian automotive manufacturing industry had total revenues of $0.4 billion in 2022, representing a compound annual growth rate (CAGR) of 13.4% over 2017-2022.
- Industry production volume increased with a CAGR of 6.6% over 2017-2022, to reach a total of 678.8 thousand units in 2022.
- In 2022, the high inflation rate in the country led to soaring prices of vehicles.
- 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 2022?
- What will be the size of the Nigeria automotive manufacturing market in 2027?
- What factors are affecting the strength of competition in the Nigeria automotive manufacturing market?
- How has the market performed over the last five years?
- What are the main segments that make up 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. Have there been any significant recent events?
- 7.5. What are the future strategies of leading players?
- 7.6. What is the rational for the recent joint venture/partnership activity?
- 7.7. What is the rational 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, 2017-22(e)
- Table 2: Nigeria automotive manufacturing industry volume: thousand units, 2017-22(e)
- Table 3: Nigeria automotive manufacturing industry category segmentation: % share, by volume, 2017-2022(e)
- Table 4: Nigeria automotive manufacturing industry category segmentation: thousand units, 2017-2022
- Table 5: Nigeria automotive manufacturing industry geography segmentation: $ million, 2022(e)
- Table 6: Nigeria automotive manufacturing industry value forecast: $ billion, 2022-27
- Table 7: Nigeria automotive manufacturing industry volume forecast: thousand units, 2022-27
- 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: Suzuki Motor Corporation: Key Employees Continued
- Table 21: Nigeria size of population (million), 2018-22
- Table 22: Nigeria gdp (constant 2005 prices, $ billion), 2018-22
- Table 23: Nigeria gdp (current prices, $ billion), 2018-22
- Table 24: Nigeria inflation, 2018-22
- Table 25: Nigeria consumer price index (absolute), 2018-22
- Table 26: Nigeria exchange rate, 2017-21
- List of Figures
- Figure 1: Nigeria automotive manufacturing industry value: $ billion, 2017-22(e)
- Figure 2: Nigeria automotive manufacturing industry volume: thousand units, 2017-22(e)
- Figure 3: Nigeria automotive manufacturing industry category segmentation: thousand units, 2017-2022
- Figure 4: Nigeria automotive manufacturing industry geography segmentation: % share, by value, 2022(e)
- Figure 5: Nigeria automotive manufacturing industry value forecast: $ billion, 2022-27
- Figure 6: Nigeria automotive manufacturing industry volume forecast: thousand units, 2022-27
- Figure 7: Forces driving competition in the automotive manufacturing industry in Nigeria, 2022
- Figure 8: Drivers of buyer power in the automotive manufacturing industry in Nigeria, 2022
- Figure 9: Drivers of supplier power in the automotive manufacturing industry in Nigeria, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the automotive manufacturing industry in Nigeria, 2022
- Figure 11: Factors influencing the threat of substitutes in the automotive manufacturing industry in Nigeria, 2022
- Figure 12: Drivers of degree of rivalry in the automotive manufacturing industry in Nigeria, 2022
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