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2020-10-07
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Africa
Nigeria Two-Wheeler Market can be segmented based on vehicle type, engine capacity and fuel type. Based on vehicle type (motorcycles), Nigeria two-wheeler market can be segmented into motorcycle and scooter & moped.According to the Goldstein Market Intelligence research analyst the Nigeria Two-Wheeler Market is expected to grow at a CAGR of 13.31% over the forecast period of 2017-2030.Moreover, increasing consumer preference for daily commutes, better off-roading performance, and ability to avoid traffic congestion etc., are fueling the demand for motorcycles in Nigeria Two-Wheeler Market and due to growing population, rising urbanization and absence of reliable public transportation system in most of the Nigeria. As one of the most fast developing motorclycles market by country in Africa is Nigeria as per the analysis.
Market, By Vehicle Type:
Market, By Engine Capacity:
Nigeria Two-Wheeler Market is projected to grow at a CAGR of 13.31% over the forecast period of 2017-2030 , on the back of inadequate public transportation system, growing urbanization and increasing import of two-wheelers across the region. Moreover, increasing penetration of Chinese and Indian low-cost two-wheelers in Nigeria two-wheeler market through two-wheeler importers are providing more options to the customers, which is expected to positively influence the market during forecast period.
As far as territorial investigation, the market has been divided into Egypt, Nigeria, Kenya, Morocco, Uganda, Ethiopia, Algeria, Tanzania, South Africa, and Angola. Albeit because of episode of COVID-19 pandemic, the interest for bikes in Egypt is required to decay by around 30%, the nation is relied upon to keep representing the biggest offer in the African Two-Wheeler Market, principally because of absence of public transportation framework, expanding number of female riders just as simple financing choices and developing per capita pay in the nation. Nigeria represented the second-biggest offer in the African Two-Wheeler Market in 2019 because of insufficient public intra-city transport framework, expanding monetary action just as rising interest for last-mile conveyance purposes. Consumers now also have wide variety in to choose from as there are different types of two wheelers are there like motorcycles, scooter bikes, mopets, scooty, electric bikes and electric mototrcycles.
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 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 Two Wheeler Market Outlook, 2017-2030 (2020 Edition)
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