Nigeria Car Manufacturing Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Car Manufacturing in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The passenger cars manufacturers market value is calculated in terms of manufacturer selling price (MSP), and excludes all taxes and levies.
- The Nigerian car manufacturing industry had total revenues of $14.2 million in 2021, representing a compound annual growth rate (CAGR) of -3.1% between 2016 and 2021.
- Industry production volumes declined with a CAGR of -6.4% between 2016 and 2021, to reach a total of 1,400 units in 2021.
- Car manufacturing in Nigeria declined by 40% in volume terms in 2020 amid the COVID-19 pandemic.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car manufacturing market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car manufacturing market in Nigeria
- Leading company profiles reveal details of key car manufacturing market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria car manufacturing market with five year forecasts
- What was the size of the Nigeria car manufacturing market by value in 2021?
- What will be the size of the Nigeria car manufacturing market in 2026?
- What factors are affecting the strength of competition in the Nigeria car manufacturing market?
- How has the market performed over the last five years?
- Who are the top competitors in Nigeria's car 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. Geography segmentation
- 1.6. Market share
- 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. 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. Market share
- 7.2. Who are the leading players?
- 7.3. How are strategic alliances used by the leading companies?
- 7.4. How is new technology opening up competition?
- 7.5. How are leading players progressing in the hybrid and electric cars segment?
- 7.6. What impact did the COVID-19 pandemic have on leading players?
- 8 Company Profiles
- 8.1. Hyundai Motor Company
- 8.2. Ford Motor Company Limited
- 8.3. Innoson Vehicle Manufacturing Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Nigeria car manufacturing industry value: $ billion, 2017-21
- Table 2: Nigeria car manufacturing industry volume: thousand units, 2017-21
- Table 3: Nigeria car manufacturing industry geography segmentation: $ billion, 2021
- Table 4: Nigeria car manufacturing industry value forecast: $ billion, 2021-26
- Table 5: Nigeria car manufacturing industry volume forecast: thousand units, 2021-26
- Table 6: Nigeria car manufacturing industry share: % share, by volume, 2021
- Table 7: Hyundai Motor Company: key facts
- Table 8: Hyundai Motor Company: Annual Financial Ratios
- Table 9: Hyundai Motor Company: Key Employees
- Table 10: Ford Motor Company Limited: key facts
- Table 11: Ford Motor Company Limited: Key Employees
- Table 12: Innoson Vehicle Manufacturing Co Ltd: key facts
- Table 13: Innoson Vehicle Manufacturing Co Ltd: Key Employees
- Table 14: Nigeria size of population (million), 2017-21
- Table 15: Nigeria gdp (constant 2005 prices, $ billion), 2017-21
- Table 16: Nigeria gdp (current prices, $ billion), 2017-21
- Table 17: Nigeria inflation, 2017-21
- Table 18: Nigeria consumer price index (absolute), 2017-21
- Table 19: Nigeria exchange rate, 2017-21
- List of Figures
- Figure 1: Nigeria car manufacturing industry value: $ billion, 2017-21
- Figure 2: Nigeria car manufacturing industry volume: thousand units, 2017-21
- Figure 3: Nigeria car manufacturing industry geography segmentation: % share, by value, 2021
- Figure 4: Nigeria car manufacturing industry value forecast: $ billion, 2021-26
- Figure 5: Nigeria car manufacturing industry volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the car manufacturing industry in Nigeria, 2021
- Figure 7: Drivers of buyer power in the car manufacturing industry in Nigeria, 2021
- Figure 8: Drivers of supplier power in the car manufacturing industry in Nigeria, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the car manufacturing industry in Nigeria, 2021
- Figure 10: Factors influencing the threat of substitutes in the car manufacturing industry in Nigeria, 2021
- Figure 11: Drivers of degree of rivalry in the car manufacturing industry in Nigeria, 2021
- Figure 12: Nigeria car manufacturing industry share: % share, by volume, 2021
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