Executive Analysis of Nigerian Passenger Vehicle Market

Executive Analysis of Nigerian Passenger Vehicle Market

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

RELEASE DATE
22-Sep-2015
REGION
Africa
Research Code: MAEE-01-00-00-00
SKU: AU01077-AF-MR_17185
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Description

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.

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Research Scope and Timeline

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

Top 3 Predictions

Legal Disclaimer

Table of Acronyms Used

Related Research
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.
More Information
No Index No
Podcast No
Author Kumar Shobit
WIP Number MAEE-01-00-00-00
Is Prebook No
GPS Codes 9694,9800-A6,9AF6-A6