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Market Research Report

Nigeria Electric Two Wheeler Market Outlook: By Vehicle Type (Motorcycle, Scooters, Etc.), By Engine Capacity (Up To 125cc, 126-250cc, 251-500cc, Above 500cc) with COVID-19 impact | Forecast Period 2017-2030

Published Date :

2020-10-19

Report Pages :

258

Format :

PDF

Region Covered :

Africa

Nigeria Electric Two Wheeler Market Outlook

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. 

Nigeria Electric Two Wheeler Market Segmentation

By Vehicle Type

  • Scooters
  • Bicycle
  • Motorcycle

By Engine Capacity Segment

  • Up to 125cc
  • 126-250cc
  • 251-500cc
  • Above 500cc

By Major Components

  • Battery
  • Electric Motors

By Battery Capacity Type

  • Lead Acid Battery
  • Nickel Metal Hydride (NiMH)
  • Lithium-Ion (Li-ion)

COVID-19 impact on "Nigeria Electric Two Wheeler Market"

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.

Key Benefits: Nigeria Electric Two Wheeler Market Outlook, 2017-2030 (2021 Edition)

  • The report includes Electric Two Wheeler Manufacturers, OEMs, Aftermarket Players, Brands, & Distributors Outlook (Market Competition & Regional Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers the Industry Trends (Future Trends & Forecast Data), Trade Data (Exports and Imports) and Sales Model Analysis
  • Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Nigeria Electric Two Wheeler Industry and further it bifurcated into Countries, 2017-2030
  • Sales Data of Electric Two Wheeler : By Two-Wheeler Type, By Brands, By Models Type, 2017-2030
  • Data of Manufactured & Registered Electric Two-Wheeler (On-Road) : By Two Wheeler Type, By Brands, By Brands, By Models Type, 2017-2030
  • Manufacturing/Production of Electric Two-Wheeler : By Manufacturers Type (OEMs & Contract Manufacturers), Production Data (By Two Wheeler Type, Manufacturing Facilities, Manufacturing Capacity, Operational Margins, Distribution Analysis, etc., 2017-2030
  • Nigeria Electric Two Wheeler Aftermarket & Components Outlook : Aftermarket Players Outlook, Aftermarket Analysis, Component Sales Outlook, Ranking Analysis, Regional Presence, Aftermarket Exports & Imports, etc., 2017-2030
  • Brands Outlook : Revenue Share (%) of Players By Two Wheeler Type, Market Positioning, Ranking Analysis, Product Portfolio, Competitiveness, Regional Presence, No. of Products, Investments, Partnerships & Collaborations, Mergers & Acquisitions, etc., 2017-2030
  • Consumer Analysis Outlook : Consumer Preferences of Models Type & Brands, Consumer Spending, Average Spending Power, Adoption Rate (%), Penetration Rate (%), etc., 2017-2030
  • Nigeria Electric Two Wheeler Industry Outlook : (Sales (Value & Volume), Market Share, Manufacturing, Current & Future Outlook), 2017-2030
  • Market Dynamics : Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, PESTLE Analysis, Pricing Patterns, etc., 2017-2030
  • Trade Data of Electric Two Wheeler : By Each Segment (Export & Import), By Value & Volume, 2017-2030
  • Target & Potential Markets
  • Supply & Demand Analysis, 2017-2030
  • Nigeria Electric Two Wheeler Industry Analysis (Manufacturers, New Products, Investments, OEMs, Aftermarket, Two Wheeler Financing Industry, Govt. Regulations & Norms, etc.) 
  • The study provides an in-depth analysis with the current and future trends to elucidate the imminent investment pockets in the market.
  • Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market.
  • Quantitative analysis of the current market and forecast from 2017-2030 is provided to showcase the financial competency of the market.
  • Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market.
  • Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market.
  • Competitive Outlook of major players of the market to understand the current business scenario and to understand the complexity and investment related factors.

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Nigeria Electric Two Wheeler Market Outlook: By Vehicle Type (Motorcycle, Scooters, Etc.), By Engine Capacity (Up To 125cc, 126-250cc, 251-500cc, Above 500cc) with COVID-19 impact | Forecast Period 2017-2030

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