Nigeria Car Manufacturing Market Summary, Competitive Analysis and Forecast to 2027
Summary
Car Manufacturing in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, 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 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 $266.3 million in 2022, representing a compound annual growth rate (CAGR) of 10.3% between 2017 and 2022.
- Industry production volume increased with a CAGR of 7.5% between 2017 and 2022, to reach a total of 27.8 thousand units in 2022.
- The deceleration in industry growth is attributed to production delays due to shortages of semiconductors and supply chain bottlenecks.
- 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 2022?
- What will be the size of the Nigeria car manufacturing market in 2027?
- 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. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. 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. Market share
- 7.2. Who are the leading players?
- 7.3. Which are the most notable recent developments in this industry?
- 7.4. How is new technology opening competition?
- 8 Company Profiles
- 8.1. Hyundai Motor Company
- 8.2. Ford Motor Company
- 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, 2017–22
- Table 2: Nigeria car manufacturing industry volume: thousand units, 2017–22
- Table 3: Nigeria car manufacturing industry category segmentation: % share, by volume, 2017–2022
- Table 4: Nigeria car manufacturing industry category segmentation: thousand units, 2017-2022
- Table 5: Nigeria car manufacturing industry geography segmentation: $ billion, 2022
- Table 6: Nigeria car manufacturing industry value forecast: $ billion, 2022–27
- Table 7: Nigeria car manufacturing industry volume forecast: thousand units, 2022–27
- Table 8: Nigeria car manufacturing industry share: % share, by volume, 2022
- Table 9: Hyundai Motor Company: key facts
- Table 10: Hyundai Motor Company: Annual Financial Ratios
- Table 11: Hyundai Motor Company: Key Employees
- Table 12: Hyundai Motor Company: Key Employees Continued
- Table 13: Ford Motor Company: key facts
- Table 14: Ford Motor Company: Annual Financial Ratios
- Table 15: Ford Motor Company: Key Employees
- Table 16: Ford Motor Company: Key Employees Continued
- Table 17: Innoson Vehicle Manufacturing Co Ltd: key facts
- Table 18: Innoson Vehicle Manufacturing Co Ltd: Key Employees
- Table 19: Nigeria size of population (million), 2018–22
- Table 20: Nigeria gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: Nigeria gdp (current prices, $ billion), 2018–22
- Table 22: Nigeria inflation, 2018–22
- Table 23: Nigeria consumer price index (absolute), 2018–22
- Table 24: Nigeria exchange rate, 2018–22
- List of Figures
- Figure 1: Nigeria car manufacturing industry value: $ billion, 2017–22
- Figure 2: Nigeria car manufacturing industry volume: thousand units, 2017–22
- Figure 3: Nigeria car manufacturing industry category segmentation: thousand units, 2017-2022
- Figure 4: Nigeria car manufacturing industry geography segmentation: % share, by value, 2022
- Figure 5: Nigeria car manufacturing industry value forecast: $ billion, 2022–27
- Figure 6: Nigeria car manufacturing industry volume forecast: thousand units, 2022–27
- Figure 7: Forces driving competition in the car manufacturing industry in Nigeria, 2022
- Figure 8: Drivers of buyer power in the car manufacturing industry in Nigeria, 2022
- Figure 9: Drivers of supplier power in the car manufacturing industry in Nigeria, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the car manufacturing industry in Nigeria, 2022
- Figure 11: Factors influencing the threat of substitutes in the car manufacturing industry in Nigeria, 2022
- Figure 12: Drivers of degree of rivalry in the car manufacturing industry in Nigeria, 2022
- Figure 13: Nigeria car manufacturing industry share: % share, by volume, 2022
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