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.

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Table of Contents

Executive Summary

Key Findings

Research Scope and Timeline

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

Key Conclusions & Predictions

Key Conclusions

Top 3 Predictions

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Appendix

Table of Acronyms Used

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Executive Analysis of Nigerian Passenger Vehicle Market

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