Nigeria New Cars Market Summary, Competitive Analysis and Forecast to 2027
- Report Description Table of Contents
- FAQs
Nigeria New Cars Market Summary, Competitive Analysis and Forecast to 2027
Summary
New Cars in Nigeria industry profile provides top-line qualitative and quantitative summary information including: 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 new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Nigerian new car market is expected to generate total revenues of $0.3 billion in 2022, representing a compound annual growth rate (CAGR) of 36.6% between 2017 and 2022.
- The market consumption volume is forecast to increase with a CAGR of 19.6% between 2017 and 2022, reaching a total of 11,500 cars in 2022.
- A positive macroeconomic environment that kept consumer confidence high, along with the low cost of car loans and increasing disposable incomes, stimulated demand for new vehicles and the replacement of existing old vehicles.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Nigeria
- Leading company profiles reveal details of key new cars market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria new cars market with five year forecasts
Reasons to Buy
- What was the size of the Nigeria new cars market by value in 2022?
- What will be the size of the Nigeria new cars market in 2027?
- What factors are affecting the strength of competition in the Nigeria new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's new cars market?
Summary
New Cars in Nigeria industry profile provides top-line qualitative and quantitative summary information including: 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 new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Nigerian new car market is expected to generate total revenues of $0.3 billion in 2022, representing a compound annual growth rate (CAGR) of 36.6% between 2017 and 2022.
- The market consumption volume is forecast to increase with a CAGR of 19.6% between 2017 and 2022, reaching a total of 11,500 cars in 2022.
- A positive macroeconomic environment that kept consumer confidence high, along with the low cost of car loans and increasing disposable incomes, stimulated demand for new vehicles and the replacement of existing old vehicles.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Nigeria
- Leading company profiles reveal details of key new cars market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria new cars market with five year forecasts
Reasons to Buy
- What was the size of the Nigeria new cars market by value in 2022?
- What will be the size of the Nigeria new cars market in 2027?
- What factors are affecting the strength of competition in the Nigeria new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's new cars market?
Nigeria New Cars Market Summary, Competitive Analysis and Forecast to 2027
Published By :MarketLine
How to Purchase
Purchase reports from our site in few easy clicks. Please follow the description given below to complete your purchase process.
Step 1:
Select the report title of your interest, and Click on Buy Now button next to the Price option.
Step 2:
You will arrive at the Purchase page, where you will be requested to Signup (New User) or Login (Registered User). Please note that in-keeping with the security check on the website, you must submit your full details to avoid any inconvenience arising from incorrectly entered data or counterfeit information.
Step 3:
After SignUp/Login, you will arrive at our Payment Page on Paypal. You will see your Order Summary as well as an option to Choose a way to pay. Select a Payment option from Pay with a Paypal account OR Pay with a Debit or Credit Card. MarketReportOnline accepts Visa, MasterCard, American Express and Discover through Paypal. Fill up the required details in the option of your choice.
Step 4:
Once you follow the required process in Step 3 as mentioned above, you have successfully completed the purchase process.
Step 5:
Once you have successfully completed the purchase process, you will receive a confirmation email. The report will then be emailed to you directly by the publisher, as per our agreement with the publisher. For Orders that are placed after working hours, the delivery of the reports will be made on the next business day. For orders that are placed during weekends, the delivery of the reports will be made on the next 'working' business day. Please note, if you select purchase by invoice, you will receive your report only once the payment has been received. If you have any queries about how to order, please Contact Us.