| Product Code: ETC8628200 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The lightweight car import market in Nigeria witnessed a significant surge in 2024, with top exporters including UAE, UK, USA, China, and Japan. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), intensified to very high levels in 2024. Despite a notable decline in the compound annual growth rate (CAGR) from 2020 to 2024, the growth rate from 2023 to 2024 spiked dramatically by 183.88%. This indicates a dynamic and rapidly evolving market landscape, potentially driven by changing consumer preferences and market dynamics.

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 Lightweight Car Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Lightweight Car Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Lightweight Car Market - Industry Life Cycle |
3.4 Nigeria Lightweight Car Market - Porter's Five Forces |
3.5 Nigeria Lightweight Car Market Revenues & Volume Share, By Material types, 2021 & 2031F |
3.6 Nigeria Lightweight Car Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.7 Nigeria Lightweight Car Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Lightweight Car Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization in Nigeria leading to higher demand for lightweight cars due to better fuel efficiency and ease of navigation in congested urban areas |
4.2.2 Rising disposable income levels among the middle-class population, making lightweight cars more affordable and appealing |
4.2.3 Government initiatives promoting the use of eco-friendly vehicles, encouraging the adoption of lightweight cars for lower emissions and reduced environmental impact |
4.3 Market Restraints |
4.3.1 Poor infrastructure and road conditions in Nigeria affecting the performance and durability of lightweight cars, potentially leading to higher maintenance costs |
4.3.2 High import tariffs and taxes on lightweight cars impacting the overall cost and affordability for consumers |
4.3.3 Limited availability of charging infrastructure for electric lightweight cars, hindering their widespread adoption in the market |
5 Nigeria Lightweight Car Market Trends |
6 Nigeria Lightweight Car Market, By Types |
6.1 Nigeria Lightweight Car Market, By Material types |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Lightweight Car Market Revenues & Volume, By Material types, 2021- 2031F |
6.1.3 Nigeria Lightweight Car Market Revenues & Volume, By Metals, 2021- 2031F |
6.1.4 Nigeria Lightweight Car Market Revenues & Volume, By Composites, 2021- 2031F |
6.1.5 Nigeria Lightweight Car Market Revenues & Volume, By Plastics, 2021- 2031F |
6.2 Nigeria Lightweight Car Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Lightweight Car Market Revenues & Volume, By Extrusion, 2021- 2031F |
6.2.3 Nigeria Lightweight Car Market Revenues & Volume, By Stamping, 2021- 2031F |
6.2.4 Nigeria Lightweight Car Market Revenues & Volume, By Forging, 2021- 2031F |
6.2.5 Nigeria Lightweight Car Market Revenues & Volume, By Casting, 2021- 2031F |
6.2.6 Nigeria Lightweight Car Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Nigeria Lightweight Car Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Lightweight Car Market Revenues & Volume, By Structural, 2021- 2031F |
6.3.3 Nigeria Lightweight Car Market Revenues & Volume, By Powertrain, 2021- 2031F |
6.3.4 Nigeria Lightweight Car Market Revenues & Volume, By Interior, 2021- 2031F |
6.3.5 Nigeria Lightweight Car Market Revenues & Volume, By Exterior, 2021- 2031F |
7 Nigeria Lightweight Car Market Import-Export Trade Statistics |
7.1 Nigeria Lightweight Car Market Export to Major Countries |
7.2 Nigeria Lightweight Car Market Imports from Major Countries |
8 Nigeria Lightweight Car Market Key Performance Indicators |
8.1 Average fuel efficiency of lightweight cars in Nigeria |
8.2 Number of registrations for lightweight cars in urban areas |
8.3 Percentage increase in government incentives for eco-friendly vehicles |
8.4 Average maintenance cost for lightweight cars in Nigeria |
8.5 Growth in the number of charging stations for electric lightweight cars |
9 Nigeria Lightweight Car Market - Opportunity Assessment |
9.1 Nigeria Lightweight Car Market Opportunity Assessment, By Material types, 2021 & 2031F |
9.2 Nigeria Lightweight Car Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.3 Nigeria Lightweight Car Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Lightweight Car Market - Competitive Landscape |
10.1 Nigeria Lightweight Car Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Lightweight Car Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |