Nigeria Two Wheeler Market (2020-2026) | Value, Companies, Industry, Growth, Forecast, Revenue, Trends, Size, Share, COVID-19 IMPACT, Analysis & Outlook

Market Forecast By Vehicle Type (Motorcycle, Scooter/Moped), By Engine Capacity (Up to 125cc, 126-250cc, 251-500cc, Above 500cc) And Competitive Landscape
Product Code: ETC014889 Publication Date: Jun 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Nigeria Two Wheeler Market Competition 2023

Nigeria Two Wheeler market currently, in 2023, has witnessed an HHI of 5767, Which has increased slightly as compared to the HHI of 5428 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

 Nigeria Two Wheeler Market Competition 2023

Nigeria Two Wheeler Market Synopsis

The Nigeria two-wheeler market is projected to register a CAGR of 5.7% during the forecast period, 2020?2026. The growing demand for low cost and fuel efficient vehicles in the country has been driving the growth of this market. Moreover, rising disposable income coupled with increased urbanization has further spurred the sales of two wheelers in Nigeria. The increasing trend of e-commerce players providing consumer goods including motorcycles and scooters on online platforms have also helped boost sales of these vehicles in recent years

In terms of product type, scooters held a major share in 2019 due to its more fuel efficiency than that offered by motorcycles as well as its comparatively lower price range when compared with cars or four wheelers making it an attractive option for customers from all backgrounds. In addition, manufacturers are introducing new models equipped with advanced features such as electric start systems and anti-lock braking system (ABS). This will further propel the demand for two wheelers across different parts of the country over the coming years

Key Highlights of the Report:

  • Nigeria Two Wheeler Market Outlook
  • Market Size of Nigeria Two Wheeler Market, 2019
  • Forecast of Nigeria Two Wheeler Market, 2026
  • Historical Data and Forecast of Nigeria Two Wheeler Revenues & Volume for the Period 2016 - 2026
  • Nigeria Two Wheeler Market Trend Evolution
  • Nigeria Two Wheeler Market Drivers and Challenges
  • Nigeria Two Wheeler Price Trends
  • Nigeria Two Wheeler Porter's Five Forces
  • Nigeria Two Wheeler Industry Life Cycle
  • Historical Data and Forecast of Nigeria Two Wheeler Market Revenues & Volume By Vehicle Type for the Period 2016 - 2026
  • Historical Data and Forecast of Nigeria Two Wheeler Market Revenues & Volume By Motorcycle for the Period 2016 - 2026
  • Historical Data and Forecast of Nigeria Two Wheeler Market Revenues & Volume By Scooter/Moped for the Period 2016 - 2026
  • Historical Data and Forecast of Nigeria Two Wheeler Market Revenues & Volume By Engine Capacity for the Period 2016 - 2026
  • Historical Data and Forecast of Nigeria Two Wheeler Market Revenues & Volume By Up to 125cc for the Period 2016 - 2026
  • Historical Data and Forecast of Nigeria Two Wheeler Market Revenues & Volume By 126-250cc for the Period 2016 - 2026
  • Historical Data and Forecast of Nigeria Two Wheeler Market Revenues & Volume By 251-500cc for the Period 2016 - 2026
  • Historical Data and Forecast of Nigeria Two Wheeler Market Revenues & Volume By Above 500cc for the Period 2016 - 2026
  • Nigeria Two Wheeler Import Export Trade Statistics
  • Market Opportunity Assessment By Vehicle Type
  • Market Opportunity Assessment By Engine Capacity
  • Nigeria Two Wheeler Top Companies Market Share
  • Nigeria Two Wheeler Competitive Benchmarking By Technical and Operational Parameters
  • Nigeria Two Wheeler Company Profiles
  • Nigeria Two Wheeler Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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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 Two Wheeler Market Overview

3.1 Nigeria Country Macro Economic Indicators

3.2 Nigeria Two Wheeler Market Revenues & Volume, 2019 & 2026F

3.3 Nigeria Two Wheeler Market - Industry Life Cycle

3.4 Nigeria Two Wheeler Market - Porter's Five Forces

3.5 Nigeria Two Wheeler Market Revenues & Volume Share, By Vehicle Type, 2019 & 2026F

3.6 Nigeria Two Wheeler Market Revenues & Volume Share, By Engine Capacity, 2019 & 2026F

4 Nigeria Two Wheeler Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Nigeria Two Wheeler Market Trends

6 Nigeria Two Wheeler Market, By Types

6.1 Nigeria Two Wheeler Market, By Vehicle Type

6.1.1 Overview and Analysis

6.1.2 Nigeria Two Wheeler Market Revenues & Volume, By Vehicle Type, 2016 - 2026F

6.1.3 Nigeria Two Wheeler Market Revenues & Volume, By Motorcycle, 2016 - 2026F

6.1.4 Nigeria Two Wheeler Market Revenues & Volume, By Scooter/Moped, 2016 - 2026F

6.2 Nigeria Two Wheeler Market, By Engine Capacity

6.2.1 Overview and Analysis

6.2.2 Nigeria Two Wheeler Market Revenues & Volume, By Up to 125cc, 2016 - 2026F

6.2.3 Nigeria Two Wheeler Market Revenues & Volume, By 126-250cc, 2016 - 2026F

6.2.4 Nigeria Two Wheeler Market Revenues & Volume, By 251-500cc, 2016 - 2026F

6.2.5 Nigeria Two Wheeler Market Revenues & Volume, By Above 500cc, 2016 - 2026F

7 Nigeria Two Wheeler Market Import-Export Trade Statistics

7.1 Nigeria Two Wheeler Market Export to Major Countries

7.2 Nigeria Two Wheeler Market Imports from Major Countries

8 Nigeria Two Wheeler Market Key Performance Indicators

9 Nigeria Two Wheeler Market - Opportunity Assessment

9.1 Nigeria Two Wheeler Market Opportunity Assessment, By Vehicle Type, 2019 & 2026F

9.2 Nigeria Two Wheeler Market Opportunity Assessment, By Engine Capacity, 2019 & 2026F

10 Nigeria Two Wheeler Market - Competitive Landscape

10.1 Nigeria Two Wheeler Market Revenue Share, By Companies, 2019

10.2 Nigeria Two Wheeler Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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