Report cover image

Nigeria New Cars Market to 2027

Publisher MarketLine
Published Nov 24, 2023
Length 48 Pages
SKU # MTLN18457337

Description

Nigeria New Cars Market to 2027


Summary
New Cars 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 market for new cars consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles.
  • The Nigerian new cars market had total revenues of $0.7 billion in 2022, representing a negative compound annual growth rate (CAGR) of -3.9% between 2017 and 2022.
  • The market consumption volumes declined with a negative CAGR of 4.4% between 2017 and 2022, to reach a total of 8,757.0 units in 2022.
  • According to in-house research, in 2022, Nigeria accounted for 0.04% of the global new cars market. The growth in the Nigerian new cars market is influenced by several macroeconomic factors growing consumer confidence and rising GDP.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Nigeria
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Nigeria
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria new cars market with five year forecasts
Reasons to Buy
  • What was the size of the Nigeria new cars market by value in 2022?
  • What will be the size of the Nigeria new cars market in 2027?
  • What factors are affecting the strength of competition in the Nigeria new cars market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Nigeria's new cars market?

Table of Contents

48 Pages
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. What are the strengths of the leading players?
7.4. What strategies do the leading players follow?
8 Company Profiles
8.1. Renault–Nissan–Mitsubishi Alliance
8.2. Hyundai Motor Company
8.3. Volkswagen AG
8.4. Stellantis NV
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 new cars market value: $ billion, 2017–22
Table 2: Nigeria new cars market volume: units, 2017–22
Table 3: Nigeria new cars market geography segmentation: $ billion, 2022
Table 4: Nigeria new cars market value forecast: $ billion, 2022–27
Table 5: Nigeria new cars market volume forecast: units, 2022–27
Table 6: Nigeria new cars market share: % share, by volume, 2022
Table 7: Renault–Nissan–Mitsubishi Alliance: key facts
Table 8: Hyundai Motor Company: key facts
Table 9: Hyundai Motor Company: Annual Financial Ratios
Table 10: Hyundai Motor Company: Key Employees
Table 11: Hyundai Motor Company: Key Employees Continued
Table 12: Volkswagen AG: key facts
Table 13: Volkswagen AG: Annual Financial Ratios
Table 14: Volkswagen AG: Key Employees
Table 15: Volkswagen AG: Key Employees Continued
Table 16: Stellantis NV: key facts
Table 17: Stellantis NV: Annual Financial Ratios
Table 18: Stellantis NV: Key Employees
Table 19: Stellantis NV: Key Employees Continued
Table 20: Stellantis NV: 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, 2018–22
List of Figures
Figure 1: Nigeria new cars market value: $ billion, 2017–22
Figure 2: Nigeria new cars market volume: units, 2017–22
Figure 3: Nigeria new cars market geography segmentation: % share, by value, 2022
Figure 4: Nigeria new cars market value forecast: $ billion, 2022–27
Figure 5: Nigeria new cars market volume forecast: units, 2022–27
Figure 6: Forces driving competition in the new cars market in Nigeria, 2022
Figure 7: Drivers of buyer power in the new cars market in Nigeria, 2022
Figure 8: Drivers of supplier power in the new cars market in Nigeria, 2022
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Nigeria, 2022
Figure 10: Factors influencing the threat of substitutes in the new cars market in Nigeria, 2022
Figure 11: Drivers of degree of rivalry in the new cars market in Nigeria, 2022
Figure 12: Nigeria new cars market share: % share, by volume, 2022

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us