| Product Code: ETC8629093 | 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 Nigeria medium cars import market saw significant growth in 2024, with top exporting countries being India, Indonesia, China, UAE, and the USA. Despite high concentration levels indicated by the HHI, the market experienced a remarkable CAGR of 37.05% from 2020 to 2024. However, there was a slight downturn in growth from 2023 to 2024, with a negative growth rate of -16.18%. This data suggests dynamic shifts in market trends and competition among key players in the medium cars import sector in Nigeria.

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 Medium Cars Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Medium Cars Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Medium Cars Market - Industry Life Cycle |
3.4 Nigeria Medium Cars Market - Porter's Five Forces |
3.5 Nigeria Medium Cars Market Revenues & Volume Share, By Types, 2021 & 2031F |
4 Nigeria Medium Cars Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population growth leading to higher demand for personal transportation. |
4.2.2 Rising disposable income levels and middle-class expansion driving affordability and purchasing power. |
4.2.3 Government initiatives promoting automotive industry development and manufacturing in Nigeria. |
4.3 Market Restraints |
4.3.1 High import tariffs and taxes on vehicles impacting affordability and competitiveness of medium cars. |
4.3.2 Poor road infrastructure and traffic congestion affecting the overall demand for medium cars in urban areas. |
5 Nigeria Medium Cars Market Trends |
6 Nigeria Medium Cars Market, By Types |
6.1 Nigeria Medium Cars Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Medium Cars Market Revenues & Volume, By Types, 2021- 2031F |
6.1.3 Nigeria Medium Cars Market Revenues & Volume, By Petrol, 2021- 2031F |
6.1.4 Nigeria Medium Cars Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.5 Nigeria Medium Cars Market Revenues & Volume, By Electric, 2021- 2031F |
6.1.6 Nigeria Medium Cars Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Medium Cars Market Import-Export Trade Statistics |
7.1 Nigeria Medium Cars Market Export to Major Countries |
7.2 Nigeria Medium Cars Market Imports from Major Countries |
8 Nigeria Medium Cars Market Key Performance Indicators |
8.1 Average age of vehicles on the road in Nigeria. |
8.2 Percentage of consumers using financing options for medium car purchases. |
8.3 Number of new car dealerships opening in key cities in Nigeria. |
9 Nigeria Medium Cars Market - Opportunity Assessment |
9.1 Nigeria Medium Cars Market Opportunity Assessment, By Types, 2021 & 2031F |
10 Nigeria Medium Cars Market - Competitive Landscape |
10.1 Nigeria Medium Cars Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Medium Cars Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |