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 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.
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
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 |