Nigeria Automotive Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.
Considered the new gold mine for the African automotive sector just few years ago, actually the Nigerian automotive industry is enveloped in an embarrassing chaos. Following the 2013 introduction of a challenging Nigerian Automotive Industry Development Plan, the Government has released near 30 licenses to assembly local vehicles locally, but the rapid deterioration of economy, local civil war, terrorism, and the high competition of imported second-hand vehicles killed the market in recent years.
Indeed, while local consultant had projected the market at 200 k by 2020, since the NAIDP introduction the market collapsed from the record of 57.000 in the 2014 to a mere 11.743 in the 2017, including 1.836 HCVs and Bus.
In the 2018 the environment improved and the market is recovering. Indeed in the first quarter light vehicles sales were 3.416 (+7.8%) and in the second 3.777, reporting a spectacular +63.7%, thanks to the comparison with a very weak correspondent quarter last year. Fist Half sales have been 7.786 (+42.2%). In the third quarter the recovery continued and sales were the double than in the correspondent period last year with 4.914 units (+117.1%), with year to date sales at 12.970 (+67.6%).
Focus2move Automotive Market Reports provide a comprehensive and extensive overview about this market including information on the cars and light commercial market size, market share and industry trends, with a deep segment analysis and full data for brands and models in the last two years, plus forecast by T.I.V:, segments and brand up to 2025.
We can help you gain further insight into the automotive market trends and gain valuable automotive consumer data.
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Historical Data 2010-2017
1 – Global Vehicles Market Data 2010-2018
2 – Introduction to the country
3 – Market vehicles industry data & trends 2010-2017
4 – Performance by brand 2016-2017
5 – Premium Brands performance 2010-2017
6 – Car Passenger’s segmentation 2010-2017
7 – Car Passenger’s sales & share by Model 2016-2017
8 – Light Commercial Vehicles segmentation 2010-2017
9 – LCVs sales & share by model 2016-2017
Future Outlook 2018-2025
10 – Global Automotive Mega Trends
11 – Global Vehicles Market Forecast 2018-2025
12 – Local Vehicles Market Mega Trends 2018-2025
13 – Local Vehicles Market Forecast 2018-2025
14 – Brand Performance Forecast 2018-2025
15 – Car Passenger’s Segments Forecast 2018-2025
16 – LCVs segments Forecast 2018-2025
AX – Sources
AX – Methodology