Executive Analysis of Nigerian Passenger Vehicle Market

Van/Pickup Segment will have the Highest Growth Rate in the Forecast Period

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The passenger vehicle market in Nigeria has experienced significant growth in the recent years. The market is dominated by sedans and vans/pickups such as Toyota Camry and Honda Accord. Luxury cars constitute a small portion of the new vehicle sales but the segment will grow the fastest in the coming years due to increasing disposable income of Nigerians. The market is currently dominated by Japanese and South Korean original equipment manufacturers (OEMs). The new automotive policy is aimed at encouraging local production of vehicles and creation of jobs in the country which will help Nigeria become an automotive hub in West Africa.

Table of Contents

1. Executive Summary
Key Findings
2. Research Scope and Timeline
3. Market Analysis
Business Environment
Industry Overview
Vehicle Models Assembled/Produced
Drivers and Restraints
National Automotive Policy
Powertrain Mix
Annual Sales
Annual Sales by Segment
Passenger Vehicles Parc Market Share
Leading Vehicle Brands
South African Passenger Vehicle Market Outlook
4. Key Conclusions & Predictions
Key Conclusions
Top 3 Predictions
Legal Disclaimer
5. Appendix
Table of Acronyms Used

Infographic



List of Figures & Charts

1. Passenger Vehicle Market: Key Findings, Nigeria, 2014
2. Select Business Indicators: Nigeria, 2012–2014
3. Passenger Vehicle Market: Production and Sales, Nigeria, 2014 and 2020
4. Automotive Market: Vehicle Models Assembled/Produced, Nigeria, 2014
5. Key Fiscal Drivers of the 10 Year Automotive Industry Development Plan, Nigeria, 2014–2024
6. Leading Vehicle OEMs and Models: Nigeria, 2014
7. Passenger Vehicle Market: Market Outlook, Nigeria, 2014 and 2020
8. Passenger Vehicle Market: Key Conclusions, Nigeria, 2014


1. Automotive Market: Drivers and Restraints, Nigeria, 2015–2020
2. Powertrain Mix: Vehicles Parc, Nigeria, 2014
3. Fuel Price/Litre, Nigeria, 2002–2014
4. Passenger Vehicle Market: Unit Sales, Nigeria, 2011–2020
5. Passenger Vehicle Market: Split by Segment, Nigeria, 2014 and 2020
6. Passenger Vehicle Market: PARC Market Share: Nigeria, 2014



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