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Nigeria Car Manufacturing Market Summary, Competitive Analysis and Forecast to 2027

April 2023 | 45 pages | ID: NF26CDA43EBEEN
MarketLine

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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.
SCOPE
  • 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
REASONS TO BUY
  • 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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