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2020-10-19
258
Africa
Nigeria Electric Two Wheeler Market: Sleek design and easy handling capabilities enable the user to avoid traffic congestion. Furthermore, convenient last-mile transportation achieved through the use of these battery-operated vehicles has played a pivotal role in their adoption. High growth potential of such services is encouraging an increasing number of ride-sharing companies to foray into the field.
Electric Two Wheeler South Africa, Nigeria, Egypt and Algeria have considerable automotive and manufacturing sector. Despite these relatively well established automotive assembly and manufacturing hubs in Africa less than 900,000 vehicles were produced in the region accounting for just 0.9% of global production in 2016. Moreover, limited disposable income and the high cost of new vehicles, motorcycles and second hand passenger cars dominate the Africa's automotive retail sector. This is the primary factor that led the Africa to import four times more automotive products than it exports, with automotive parts imports of USD 48 billion in 2015 and exports worth only USD 11 billion. High cost of passenger cars and low disposable incomes provided the bike manufacturer huge growth opportunity by selling low cost and efficient two wheeler motorbikes in the region.
In this fast changing and evolving world Africa will also shift to the non conventional energy in the automotive sector across the whole region despite that in the present time General’s TVS brand, Honda, Indian firm Bajaj’s Boxer, Yamaha (Toyota Kenya) as well as low-cost Chinese brands are quite popular on Kenyan roads. Bajaj's Boxer is the market leader in the African nation and around 35% of its yearly exports are to Nigeria only. The company has also hiked its prices there as it aims to get more profits and also because of the devaluation of Naira (Nigeria’s currency) to US Dollar. It exported around 500,000 units in 2015 to Nigeria alone and always maintains a market share of above 40%. As Nigeria is one of the biggest market in the whole Africa region there will be more possibilities of adaption of electric two wheelers in the upcoming near future.
By Vehicle Type
By Engine Capacity Segment
By Major Components
By Battery Capacity Type
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Nigeria Electric Two Wheeler Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
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