Nigeria Construction Equipment Market (2020-2026) | Companies, Trends, Revenue, Share, Growth, Size, Forecast, Outlook, Value, COVID-19 IMPACT, Industry & Analysis

Nigeria Construction Equipment Market is projected to grow over the coming years. Nigeria Construction Equipment Market report is a part of our periodical regional publication Africa Construction Equipment Market outlook report. 6W tracks Construction Equipment market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Construction Equipment Market outlook report annually.

Nigeria construction equipment market has witnessed growth over the past few years primarily due to the rising budget of the Nigerian federal government on infrastructural development projects, technological development as well as improvement in market conditions in Nigeria after the recession. However, the Nigerian market is likely to witness a slowdown in the economic activity in the first three quarters of 2020, mainly due to the outbreak of coronavirus pandemic which had a negative impact on the businesses worldwide. However, the market in Nigeria is expected to recover the economic scenario during the second half of 2020 and the construction equipment market in Nigeria is also likely to recover gradually by the end of 2020.

According to 6Wresearch, Nigeria Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is primarily driven by Nigerian government focus towards the overall infrastructure development plans and certain key initiatives such as housing to roads for around 200 million people in Nigeria and increasing the road budget to strengthen the transportation network in the country as well as implementing the Economic Recovery and Growth Plan (ERGP) to attain sustained economic growth in Nigeria. Additionally, the government is also enhancing the energy production capacity in the country which will bring investment in energy infrastructure projects. These initiatives will spur the demand for the construction equipment market in Nigeria during the forecast period.

In terms of equipment types, earthmoving equipment leads the overall Nigeria construction equipment market primarily due to increasing initiatives towards infrastructural development projects in the country. Additionally, cranes, road construction, and material handling equipment are registering the highest growth in Nigeria.

The Nigeria construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and regions. Nigeria construction equipment market outlook report provides an unbiased and detailed analysis of the on-going Nigeria construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nigeria construction equipment market is estimated to witness significant growth in the upcoming six years on the back of the growth of the agriculture sector owing to increase in the demand for construction equipment such as tractor and backhoe in performing various agriculture task which is expected to generate the lucrative opportunities in the market. Additionally, the rising government investments towards industrial infrastructure development especially in the construction sector which require equipment to ensure smooth work and would proliferate the growth of the Nigeria construction equipment market in the coming years.

Key Highlights of the Report

• Nigeria Construction Equipment Market Overview
• Nigeria Construction Equipment Market Outlook
• Nigeria Construction Equipment Market Forecast
• Historical Data of Nigeria Construction Equipment Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Nigeria Construction Equipment Market Revenues and Volumes, Until 2026.
• Historical Data of Nigeria Cranes Market for the Period 2016-2019.
• Market Size & Forecast of Nigeria Cranes Market, Until 2026.
• Historical Data of Nigeria Bull Dozers & Construction Tractors Market for the Period 2016-2019.
• Market Size & Forecast of Nigeria Bull Dozers & Construction Tractors Market, Until 2026.
• Historical Data of Nigeria Earth Moving Equipment Market for the Period 2016-2019.
• Market Size & Forecast of Nigeria Earthmoving Equipment Market, Until 2026.
• Historical Data of Nigeria Material Handling Market for the Period 2016-2019.
• Market Size & Forecast of Nigeria Material Handling Market, Until 2026.
• Historical Data of Nigeria Dump Trucks Market for the Period 2016-2019.
• Market Size & Forecast of Nigeria Dump Trucks Market, Until 2026.
• Historical Data of Nigeria Aerial Work Platform Market for the Period 2016-2019.
• Market Size & Forecast of Nigeria Aerial Work Platform Market, Until 2026.
• Historical Data of Nigeria Road Construction Equipment Market for the Period 2016-2019.
• Market Size & Forecast of Nigeria Road Construction Equipment Market, Until 2026.
• Historical Data of Nigeria Construction Equipment Market Revenues and Volumes, by Applications, for the Period 2016-2019
• Market Size & Forecast of Nigeria Construction Equipment Market Revenues and Volumes, by Applications, Until 2026
• Historical Data of Nigeria Construction Equipment Market Revenues and Volumes, by Regions, for the Period 2016-2019
• Market Size & Forecast of Nigeria Construction Equipment Market Revenues and Volumes, by Regions, Until 2026
• Market Drivers and Restraints
• Nigeria Construction Equipment Market Trends and Industry Life Cycle
• Porter’s Five Forces Analysis
• Market Opportunity Assessment
• Nigeria Construction Equipment Market Share, By Countries
• Nigeria Construction Equipment Market Share, By Companies
• Nigeria Construction Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Nigeria construction equipment market report provides a detailed analysis of the following market segments:

• By Types:
  • Mobile Cranes
  • Construction Tractor and Bulldozer
  • Earthmoving Equipment
    • Loaders
    • Excavators
    • Motor Grader
  • Aerial Work Equipment
    • Articulated Boom Lifts
    • Telescopic Boom Lifts
    • Scissor Lifts
  • Material Handling Equipment
    • Telescopic Handlers
    • Forklifts
  • Dump Trucks
  • Road Construction Equipment
    • Pavers
    • Road Rollers

• By Applications:
  • Corporate Enterprise
  • Oil and Gas
  • Mining
  • Others (Municipality, Road Construction)

Frequently Asked Questions About the Market Study (FAQs):