Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market (2025-2031) | Size & Revenue, Forecast, Value, Trends, Industry, Analysis, Competitive Landscape, Growth, Outlook, Segmentation, Companies, Share
Market Forecast By Component (Transmission, Motor/Generator, Battery, Engine, Controller, Axles, Others), By Powertrain Type (Series Hybrid, Parallel Hybrid), By Position Type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive), By Vehicle Type (Passenger Cars, Commercial Vehicle) And Competitive Landscape
| Product Code: ETC8632752 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria Plug In Hybrid Electric Vehicle Powertrain Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Nigeria saw a shift in the import landscape for plug-in hybrid electric vehicle powertrains, with top exporters being China, USA, Japan, UAE, and Germany. The Herfindahl-Hirschman Index (HHI) indicated a move from high to moderate concentration, suggesting a more diverse market. However, the compound annual growth rate (CAGR) from 2020 to 2024 was -15.36%, with a significant decline in growth rate from 2023 to 2024 at -31.36%. These figures reflect a challenging environment for the industry in Nigeria, highlighting the need for strategic adjustments to drive future growth.
Key Highlights of the Report:
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Outlook
- Market Size of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market, 2024
- Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market, 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Revenues & Volume for the Period 2021- 2031
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Trend Evolution
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Drivers and Challenges
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Price Trends
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Porter's Five Forces
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Industry Life Cycle
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Component for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Transmission for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Motor/Generator for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Battery for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Engine for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Controller for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Axles for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Others for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Powertrain Type for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Series Hybrid for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Parallel Hybrid for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Position Type for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Front Wheel Drive for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Rear Wheel Drive for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By All Wheel Drive for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Vehicle Type for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Passenger Cars for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume By Commercial Vehicle for the Period 2021- 2031
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Import Export Trade Statistics
- Market Opportunity Assessment By Component
- Market Opportunity Assessment By Powertrain Type
- Market Opportunity Assessment By Position Type
- Market Opportunity Assessment By Vehicle Type
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Top Companies Market Share
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Company Profiles
- Nigeria Plug-In Hybrid Electric Vehicle Powertrain Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Plug-In Hybrid Electric Vehicle Powertrain Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market - Industry Life Cycle |
3.4 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market - Porter's Five Forces |
3.5 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume Share, By Powertrain Type, 2021 & 2031F |
3.7 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume Share, By Position Type, 2021 & 2031F |
3.8 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and incentives to promote electric vehicles in Nigeria |
4.2.2 Growing awareness about the environmental benefits of plug-in hybrid electric vehicles |
4.2.3 Rising fuel prices leading to a shift towards more fuel-efficient vehicles |
4.3 Market Restraints |
4.3.1 Lack of adequate charging infrastructure in Nigeria |
4.3.2 High initial cost of plug-in hybrid electric vehicles |
4.3.3 Limited availability of plug-in hybrid electric vehicle models in the Nigerian market |
5 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Trends |
6 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market, By Types |
6.1 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Transmission, 2021- 2031F |
6.1.4 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Motor/Generator, 2021- 2031F |
6.1.5 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Battery, 2021- 2031F |
6.1.6 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Engine, 2021- 2031F |
6.1.7 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Controller, 2021- 2031F |
6.1.8 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Axles, 2021- 2031F |
6.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market, By Powertrain Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Series Hybrid, 2021- 2031F |
6.2.3 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Parallel Hybrid, 2021- 2031F |
6.3 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market, By Position Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Front Wheel Drive, 2021- 2031F |
6.3.3 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Rear Wheel Drive, 2021- 2031F |
6.3.4 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By All Wheel Drive, 2021- 2031F |
6.4 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.4.3 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
7 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Import-Export Trade Statistics |
7.1 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Export to Major Countries |
7.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Imports from Major Countries |
8 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Key Performance Indicators |
8.1 Number of charging stations installed in Nigeria |
8.2 Percentage increase in government subsidies for electric vehicles |
8.3 Growth in the number of public-private partnerships to develop electric vehicle infrastructure |
8.4 Average price reduction of plug-in hybrid electric vehicles in the market |
8.5 Increase in the number of plug-in hybrid electric vehicle models available in Nigeria |
9 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market - Opportunity Assessment |
9.1 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Opportunity Assessment, By Powertrain Type, 2021 & 2031F |
9.3 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Opportunity Assessment, By Position Type, 2021 & 2031F |
9.4 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market - Competitive Landscape |
10.1 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Plug-In Hybrid Electric Vehicle Powertrain Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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