| Product Code: ETC8621772 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely heavily on imports of cold storage equipment, with China, India, Indonesia, Vietnam, and Thailand emerging as the top exporting countries. Despite a concerning high concentration of market share, the industry experienced a significant decline in CAGR from 2020 to 2024. However, there is a glimmer of hope as the growth rate in 2024 showed a positive upturn, indicating potential opportunities for the market to rebound. Stakeholders should closely monitor these trends to adapt strategies and capitalize on emerging growth prospects in the Nigerian cold storage equipment market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Cold Storage Equipment Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Cold Storage Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Cold Storage Equipment Market - Industry Life Cycle |
3.4 Nigeria Cold Storage Equipment Market - Porter's Five Forces |
3.5 Nigeria Cold Storage Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Cold Storage Equipment Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.7 Nigeria Cold Storage Equipment Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Cold Storage Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for perishable goods due to growing population and urbanization in Nigeria |
4.2.2 Rising investments in the food and beverage industry, requiring cold storage equipment for storage and preservation |
4.2.3 Government initiatives promoting cold chain infrastructure development to reduce food waste and improve food security |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up cold storage facilities |
4.3.2 Limited access to reliable electricity supply, impacting the operational efficiency of cold storage equipment |
4.3.3 Lack of skilled workforce and technical expertise in the maintenance and operation of cold storage equipment |
5 Nigeria Cold Storage Equipment Market Trends |
6 Nigeria Cold Storage Equipment Market, By Types |
6.1 Nigeria Cold Storage Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Cold Storage Equipment Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Cold Storage Equipment Market Revenues & Volume, By Refrigerator Containers, 2021- 2031F |
6.1.4 Nigeria Cold Storage Equipment Market Revenues & Volume, By Blast Freezers, 2021- 2031F |
6.1.5 Nigeria Cold Storage Equipment Market Revenues & Volume, By Chillers, 2021- 2031F |
6.1.6 Nigeria Cold Storage Equipment Market Revenues & Volume, By Bulk/Mega Cold Stores, 2021- 2031F |
6.1.7 Nigeria Cold Storage Equipment Market Revenues & Volume, By Mini Units/Walk-in Cold Stores/Rooms, 2021- 2031F |
6.1.8 Nigeria Cold Storage Equipment Market Revenues & Volume, By Inline Pallet and Space Retrievers, 2021- 2031F |
6.2 Nigeria Cold Storage Equipment Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Cold Storage Equipment Market Revenues & Volume, By Retail Food Industry, 2021- 2031F |
6.2.3 Nigeria Cold Storage Equipment Market Revenues & Volume, By Post-harvest Products, 2021- 2031F |
6.2.4 Nigeria Cold Storage Equipment Market Revenues & Volume, By Pharmaceuticals Industry, 2021- 2031F |
6.2.5 Nigeria Cold Storage Equipment Market Revenues & Volume, By Hospitality Industry, 2021- 2031F |
6.2.6 Nigeria Cold Storage Equipment Market Revenues & Volume, By Horticulture, 2021- 2031F |
6.2.7 Nigeria Cold Storage Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Nigeria Cold Storage Equipment Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Cold Storage Equipment Market Revenues & Volume, By Direct Sales, 2021- 2031F |
6.3.3 Nigeria Cold Storage Equipment Market Revenues & Volume, By Indirect Sales, 2021- 2031F |
7 Nigeria Cold Storage Equipment Market Import-Export Trade Statistics |
7.1 Nigeria Cold Storage Equipment Market Export to Major Countries |
7.2 Nigeria Cold Storage Equipment Market Imports from Major Countries |
8 Nigeria Cold Storage Equipment Market Key Performance Indicators |
8.1 Energy efficiency of cold storage equipment |
8.2 Utilization rate of cold storage facilities |
8.3 Maintenance and downtime frequency of cold storage equipment |
9 Nigeria Cold Storage Equipment Market - Opportunity Assessment |
9.1 Nigeria Cold Storage Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Cold Storage Equipment Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.3 Nigeria Cold Storage Equipment Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Cold Storage Equipment Market - Competitive Landscape |
10.1 Nigeria Cold Storage Equipment Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Cold Storage Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |