Nigeria two wheeler market is projected to surpass $ 153 million by 2023. Growing demand for two wheelers in Nigeria has been backed by their higher fuel efficiency and easy manoeuvrability. Moreover, their affordability coupled with rising prices of passenger cars is further anticipated to contribute to the growing demand for two wheelers in Nigeria over the next five years.

Years considered for this report:

Historical Year: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyze and forecast the market size of Nigeria two wheeler market.
  • To classify and forecast Nigeria two wheeler market based on engine capacity, vehicle type and by region.
  • To identify drivers and challenges for Nigeria two wheeler market.
  • To conduct pricing analysis for Nigeria two wheeler market.
  • To identify and analyze the profile of leading players involved in the manufacturing/sales of two wheeler in Nigeria.


 

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Some of the major players operating in Nigeria two wheeler market include Bajaj Auto Ltd., TVS Motor Company Limited, Honda Manufacturing (Nigeria) Ltd., Hero MotoCorp Ltd., Yamaha Motor Company Ltd., Suzuki Motor Corporation, Chongqing Lifan Motorcycle Engine Co. Ltd, Chongqing Zongshen Automobile Industry Co. Ltd., Loncin Motorcycle Industries Limited and Kawasaki Heavy Industries Ltd.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of two wheeler distributors and dealers operating in Nigeria. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major two wheeler companies in Nigeria.

TechSci Research calculated the market size for Nigeria two wheeler market using a bottom-up technique, wherein the value service data for different vehicle type (Motorcycle, Scooter/Moped) were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as Nigeria Bureau of Statistics, Nigeria Statistical Association, etc., and company websites, company annual reports, white papers, investor presentations and financial reports were also reviewed by TechSci Research.


Key Target Audience:

  • Two wheeler manufacturers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Associations, organizations, forums and alliances related to two wheeler industry
  • Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as two wheeler manufacturers, distributors and policymakers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, two wheeler market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Motorcycle
    • Scooter
    • Moped
  • Market, by Engine Capacity
    • Up to 125cc
    • 126-250cc
    • 251-500cc
    • Above 500cc
  • Market, by Region:
    • Southern
    • Northern
  • Market, by Company:
    • Bajaj Auto Ltd.
    • TVS Motor Company Limited
    • Honda Manufacturing (Nigeria) Ltd.
    • Hero MotoCorp Ltd.
    • Others

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Nigeria two wheeler market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Factors Influencing Purchase Decision

4.2.    Influencer of Purchase

4.3.    Aided Brand Recall

4.4.    Unaided Brand Recall

4.5.    Brand Switching Attributes

4.6.    Brand Satisfaction Level

5.       Nigeria Two Wheeler Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value & Volume

5.2.    Market Share & Forecast

5.2.1. By Vehicle Type (Motorcycle, Scooter, Moped)

5.2.2. By Engine Capacity (Up to 125cc, 126-250cc, 251-500cc, Above 500cc)

5.2.3. By Company

5.2.4. By Region

5.3.   Market Attractiveness Index (By Vehicle Type)

5.4.   Market Attractiveness Index (By Company)

5.5.   Market Attractiveness Index (By Region)

6.       Nigeria Motorcycle Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value & Volume

6.2.    Market Share & Forecast

6.2.1. By Engine Capacity

6.2.2. By Region

7.       Nigeria Scooter Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value & Volume

7.2.    Market Share & Forecast

7.2.1. By Engine Capacity

7.2.2. By Region

8.       Nigeria Moped Market Outlook

8.1.    Market Size & Forecast

8.1.1. By Value & Volume

8.2.    Market Share & Forecast

8.2.1. By Engine Capacity

8.2.2. By Region

9.       Pricing Analysis

10.   SWOT Analysis

11.   Policy & Regulatory Landscape

12.   Market Dynamics

13.   Market Trends & Developments

14.   Competitive Landscape

14.1.   Bajaj Auto Ltd.

14.2.   TVS Motor Company Limited

14.3.   Honda Manufacturing (Nigeria) Ltd.

14.4.   Hero MotoCorp Ltd.

14.5.   Yamaha Motor Company Ltd.

14.6.   Suzuki Motor Corporation

14.7.   Chongqing Lifan Motorcycle Engine Co., Ltd

14.8.   Chongqing Zongshen Automobile Industry Co., Ltd.

14.9.   Loncin Motorcycle Industries Limited

14.10.   Kawasaki Heavy Industries, Ltd.

15.   Strategic Recommendations

16.   List of Prominent Distributors/Dealers


In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

  • List of Figures

     

    Figure 1: Nigeria Two wheeler Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: Nigeria Two wheeler Market - Influencer of Purchase (N=75)

    Figure 3: Nigeria Two wheeler Market - Aided Brand Recall (N=75)

    Figure 4: Nigeria Two wheeler Market - Unaided Brand Recall (N=75)

    Figure 5: Nigeria Two wheeler Market- Brand Switching (N=75)

    Figure 6: Nigeria Two wheeler Market - Brand Switching Attributes (N=75)

    Figure 7: Nigeria Two wheeler Market, Brand Satisfaction Level (N=75)

    Figure 8: Nigeria Two wheeler Market - Brand Satisfaction Level, By Performance (N=75)

    Figure 9: Nigeria Two wheeler Market - Brand Satisfaction Level, By Vehicle Handling (N=75)

    Figure 10: Nigeria Two wheeler Market - Brand Satisfaction Level, By Maintenance Cost (N=75)

    Figure 11: Nigeria Two wheeler Market - Brand Satisfaction Level, By After-Sales Service (N=75)

    Figure 12: Nigeria Two wheeler Market - Brand Satisfaction Level, By Battery Life (N=75)

    Figure 13: Nigeria Two wheeler Market - Brand Satisfaction Level, By Pricing (N=75)

    Figure 14: Nigeria Two wheeler Market Size, By Value (USD Million), By Volume (Thousand Units), 2013-2023F

    Figure 15: Nigeria Two wheeler Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 16: Nigeria Two wheeler Market Share, By Company, By Volume, 2013-2023F

    Figure 17: Nigeria Two wheeler Market Share, By Region, By Volume, 2013-2023F

    Figure 18: Nigeria Two wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2018E-2023F

    Figure 19: Nigeria Two wheeler Market Attractiveness Index, By Company, By Volume, 2018E-2023F

    Figure 20: Nigeria Two wheeler Market Attractiveness Index, By Region, By Volume, 2018E-2023F

    Figure 21: Nigeria Motorcycle Market Size, By Value (USD Million), By Volume (Thousand Units), 2013-2023F

    Figure 22: Nigeria Motorcycle Market Share, By Engine Capacity, By Volume, 2013-2023F

    Figure 23: Nigeria Motorcycle Market Share, By Region, By Volume, 2013-2023F

    Figure 24: Nigeria Scooter Market Size, By Value (USD Million), By Volume (Thousand Units), 2013-2023F

    Figure 25: Nigeria Scooter Market Share, By Engine Capacity, By Volume, 2013-2023F

    Figure 26: Nigeria Scooter Market Share, By Region, By Volume, 2013-2023F

    Figure 27: Nigeria Moped Market Size, By Value (USD Million), By Volume (Thousand Units), 2013-2023F

    Figure 28: Nigeria Moped Market Share, By Engine Capacity, By Volume, 2013-2023F

    Figure 29: Nigeria Moped Market Share, By Region, By Volume, 2013-2023F

    Figure 30: Nigeria Two wheeler Market Average Selling Price Analysis, 2013-2023F (USD Per Unit)

     

    List of Tables

     

    Table 1: Nigeria Motorcycle Market Share, By Engine Capacity, By Volume, 2013-2023F

    Table 2: Nigeria Scooter Market Share, By Engine Capacity, By Volume, 2013-2023F

    Table 3: Nigeria Moped Market Share, By Engine Capacity, By Volume, 2013-2023F

    Table 4: Nigeria Two wheeler Market Pricing Analysis, 2017

    Table 5: Nigeria Two Wheeler Import Tariff, As of 2017

    Table 6: List of Prominent Two Wheeler Dealers in Nigeria