| Product Code: ETC8620670 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of car manufacturing in Nigeria experienced a significant shift in 2024, with China, Japan, USA, Belgium, and Germany emerging as the top exporting countries. The market concentration, as measured by the HHI, escalated from moderate in 2023 to very high in 2024, indicating a consolidation trend. The impressive compound annual growth rate (CAGR) of 18.11% from 2020 to 2024 highlights a robust expansion in the sector. Moreover, the growth rate of 26.03% from 2023 to 2024 suggests accelerating momentum, signifying increasing demand and market activity in Nigeria`s car manufacturing import market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Car Manufacturing Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Car Manufacturing Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Car Manufacturing Market - Industry Life Cycle |
3.4 Nigeria Car Manufacturing Market - Porter's Five Forces |
3.5 Nigeria Car Manufacturing Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Nigeria Car Manufacturing Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Car Manufacturing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and rising disposable incomes leading to higher demand for vehicles. |
4.2.2 Government initiatives to promote local manufacturing and reduce import dependency. |
4.2.3 Growing population and a young demographic driving demand for affordable mobility solutions. |
4.3 Market Restraints |
4.3.1 Lack of skilled labor and infrastructure challenges hindering production efficiency. |
4.3.2 High production costs due to importation of raw materials and components. |
4.3.3 Fluctuating exchange rates impacting the cost of production and pricing competitiveness. |
5 Nigeria Car Manufacturing Market Trends |
6 Nigeria Car Manufacturing Market, By Types |
6.1 Nigeria Car Manufacturing Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Car Manufacturing Market Revenues & Volume, By Material, 2021- 2031F |
6.1.3 Nigeria Car Manufacturing Market Revenues & Volume, By Steel, 2021- 2031F |
6.1.4 Nigeria Car Manufacturing Market Revenues & Volume, By Aluminum, 2021- 2031F |
6.1.5 Nigeria Car Manufacturing Market Revenues & Volume, By Composites, 2021- 2031F |
6.2 Nigeria Car Manufacturing Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Car Manufacturing Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.2.3 Nigeria Car Manufacturing Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2.4 Nigeria Car Manufacturing Market Revenues & Volume, By Electric Vehicles, 2021- 2031F |
7 Nigeria Car Manufacturing Market Import-Export Trade Statistics |
7.1 Nigeria Car Manufacturing Market Export to Major Countries |
7.2 Nigeria Car Manufacturing Market Imports from Major Countries |
8 Nigeria Car Manufacturing Market Key Performance Indicators |
8.1 Percentage of locally sourced materials used in manufacturing. |
8.2 Average production cost per vehicle. |
8.3 Number of new vehicle models introduced annually. |
8.4 Investment in research and development for innovative technologies. |
8.5 Percentage of market share held by locally manufactured vehicles. |
9 Nigeria Car Manufacturing Market - Opportunity Assessment |
9.1 Nigeria Car Manufacturing Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Nigeria Car Manufacturing Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Car Manufacturing Market - Competitive Landscape |
10.1 Nigeria Car Manufacturing Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Car Manufacturing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |