Call Us Free: +234-803-378-2777

Automotive Battery Importation, Storage and Sales In Nigeria; The Feasibility Report.

Automotive Battery Importation, Storage and Sales In Nigeria; The Feasibility Report.

150,000.00

Automotive battery is widely used for starting, lighting and ignition purposes in automobiles. These batteries also provide voltage supply to vehicle accessories such as radio, music players, air conditioners, wipers and charging plugs.

Description

Automotive battery is widely used for starting, lighting and ignition purposes in automobiles. These batteries also provide voltage supply to vehicle accessories such as radio, music players, air conditioners, wipers and charging plugs.

Increasing vehicle production coupled with rising adoption of vehicle electrification are anticipated to be the major factors that will create vast opportunities for key players in automobile lead acid battery market.

Automotive battery market size is expected to reach USD 23.5 billion by 2024, growing at a compounded annual growth rate (CAGR) of five point seven percent (5.7%) during the forecast period 2016-2024.

The automotive battery market is driven by various factors such as increasing number of automobiles on road, rising infrastructure and as well as rising urbanization.

Further, integration of features in automobiles like hands free calling, state of art sensors and car infotainment system have flourished the demand for automotive battery.

Moreover, the new fuel saving technologies such as smart hybrid vehicle system (SHVS) are also leading to higher battery usage. These factors are envisioned to bolster the growth of automotive battery market.

By vehicle type, automotive battery can be classified into

– Two-wheeler
– Three-wheeler
– Passenger vehicle
– Commercial vehicle
– Electric vehicle

Based on vehicle type, passenger cars accounted for the largest market share of more than forty-five percent (45%) in 2016.

Moreover, passenger cars are expected to be the fastest growing and most opportunistic segment over the forecast period owing to emerging market of electric vehicles.

By battery type, automotive battery can be classified into

– Lithium ion
– Nickel-metal hydride
– Nickel-cadmium
– Gasoline
– Lead-acid

Smuggling, grey imports of second-hand vehicles and the lack of reliable data make the exact size of Nigeria’s vehicle market and fleet size difficult to quantify. Challenges concerning the licensing and identification of vehicles further contribute to this difficulty.

According to National Bureau of Statistics (NBS), vehicle population in Nigeria is eleven million, four hundred and sixty thousand (11,460,000) with commercial vehicles accounting for the largest share.

This report examines the financial viability of importing, storing and selling lead–acid battery into Nigeria.

The global lead–acid battery market share reached a value of $56.9 billion in 2017 and is predicted to generate $70.7 billion by 2023, growing with a compounded annual growth rate (CAGR) of three point seven percent (3.7%) during the forecast period.

Lead-acid battery converts chemical energy into electrical power using lead peroxide and sponge lead and is composed of lead oxide and lead plates immersed in sulfuric acid solution.

The investor would import, store and sell two (2) twenty (20) FT container of lead-acid car battery monthly and each twenty (20) FT container can carry a maximum of twenty-seven (27) tons of battery.

Table of Contents

EXECUTIVE SUMMARY

1.0 Business Overview

1.1 Description of the Business
1.2 Vision and Mission Statement
1.3 Critical Success Factor of the Business
1.4 Current Status of Business
1.5 Description of the Business Industry
1.6 Contribution to Local and National Economy

2. Marketing Plan

2.1 Description of product
2.2 The Opportunity
2.3 Pricing Strategy
2.4 Target Market
2.5 Distribution and Delivery Strategy
2.6 Promotional Strategy
2.7 Competition

3. Product Plan

3.1 Description of the Location
3.2 Product Storage and Preservation
3.3 Procurement and Import Process
3.4 Machinery and Equipment
3.5 Product Cost
3.6 Stock Control Process
3.7 Pre-Operating activities and expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implementation Schedule

4.0 Organizational and Management Plan

4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.2 Management Support Units
4.4 Details of salary schedule

5. Financial Plan

5.1 Financial Assumption
5.2 Start – up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6. Profit and Loss Account
5.7 Cash Flow Analysis
5.8 Viability Analysis

6.0 Business Risk and mitigation factor

6.1 Business Risks
6.2 SWOT Analysis

Report Details

Report Type: Feasibility Report
Formats of Delivery: EXCEL / MS WORD
No. of Pages: Text – 33 Pages / Excel – 6 Pages
Product Code: FORA/01/2020/AUTOMOTIVEBATTERYIMPORTATION/099046YERS4875
Publisher: Foraminifera Market Research
Release Date: 16/02/2020; Update Every 3 – Months
Language: English
Delivery time: 24 – 48 hours

Get This Report

Are you interested in purchasing this report?

Please do pay N 150,000 into

United Bank for Africa (UBA)
Account Name: Foraminifera Market Research Limited
Account Number: 101 76 603 95

Eco Bank Plc
Account Name: Foraminifera Market Research Limited
Account Number: 274 20 569 37

After payment call us on 01 -29 52 413 / 08033782777 or email us at foraminiferamarketresearch@yahoo.com with the payment details.

After payment confirmation, the soft copy of the report would be sent to you within 24 hours.

Reviews

There are no reviews yet.

Be the first to review “Automotive Battery Importation, Storage and Sales In Nigeria; The Feasibility Report.”

Your email address will not be published. Required fields are marked *