Airlines in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Nigeria airlines market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The airlines industry comprises passenger air transportation, including both scheduled and chartered, but excludes air freight transport. Industry volumes are defined as the total number of revenue passengers carried/enplaned (departures) at all airports within the specified country or region, excluding transit passengers who arrive and depart on the same flight code. For the US and Canada, transborder passengers departing from either country are considered as part of the international segment. Industry value is defined as the total revenue obtained by airlines from transporting these passengers. This avoids the double-counting of passengers. All currency conversions in this profile were carried out using constant 2014 average annual exchange rates.
The Nigerian airlines industry had total revenues of $1,612.3m in 2014, representing a compound annual growth rate (CAGR) of 8.3% between 2010 and 2014.
Industry consumption volumes increased with a CAGR of 4.5% between 2010 and 2014, to reach a total of 8.3 million passengers carried in 2014.
The performance of the industry is forecast to decelerate, with an anticipated CAGR of 6.3% for the five-year period 2014 - 2019, which is expected to drive the industry to a value of $2,192.5m by the end of 2019.
Save time carrying out entry-level research by identifying the size, growth, and leading players in the airlines market in Nigeria
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the airlines market in Nigeria
Leading company profiles reveal details of key airlines market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria airlines market with five year forecasts
Macroeconomic indicators provide insight into general trends within the Nigeria economy
Key Questions Answered
What was the size of the Nigeria airlines market by value in 2014?
What will be the size of the Nigeria airlines market in 2019?
What factors are affecting the strength of competition in the Nigeria airlines market?
How has the market performed over the last five years?