Market Forecast 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 and Road Construction) and Competitive Landscape
Product Code: ETC001945 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
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
Markets Covered
The Nigeria construction equipment market report provides a detailed analysis of the following market segments:
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 Construction Equipment Market Overview |
3.1 Nigeria Construction Equipment Market Revenues & Volume (2016-2026) |
3.2 Nigeria Construction Equipment Market Industry Life Cycle |
3.3 Nigeria Construction Equipment Market Porter’s Five Forces Model |
3.4 Nigeria Construction Equipment Market Revenue and Volume Share, By Equipment Types (2019 & 2026) |
3.5 Nigeria Construction Equipment Market Revenue Share, By Applications (2019 & 2026) |
3.6 Nigeria Construction Equipment Market Revenue Share, By Regions (2019 & 2026) |
4 Nigeria Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Construction Equipment Market Trends |
6 Nigeria Construction Equipment Market - Distribution Channel Analysis |
7 Nigeria Construction Equipment Market - Price Trend Analysis |
8 Nigeria Cranes Market Overview |
8.1 Nigeria Cranes Market Revenues & Volume (2016-2026) |
8.2 Nigeria Cranes Market Revenues & Volume Share, By Types (2019 & 2026) |
8.2.1 Nigeria Mobile Cranes Market Revenues & Volume (2016-2026) |
8.2.2 Nigeria Crawler Cranes Market Revenues & Volume (2016-2026) |
8.2.3 Nigeria Tower Cranes Market Revenues & Volume (2016-2026) |
9 Nigeria Construction Tractors & Bulldozers Market Overview |
9.1 Nigeria Construction Tractors & Bulldozers Market Revenues & Volume (2016-2026) |
10 Nigeria Earth Moving Equipment Market Overview |
10.1 Nigeria Earth Moving Equipment Market Revenues & Volume (2016-2026) |
10.2 Nigeria Earth Moving Equipment Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.1 Nigeria Loaders Market Revenues & Volume (2016-2026) |
10.2.2 Nigeria Loaders Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.2.1 Nigeria Wheeled Loaders Market Revenues & Volume (2016-2026) |
10.2.2.2 Nigeria Skid Steer Loaders Market Revenues & Volume (2016-2026) |
10.2.2.3 Nigeria Backhoe Loaders Market Revenues & Volume (2016-2026) |
10.2.2.4 Nigeria Compact Track Loaders Market Revenues & Volume (2016-2026) |
10.2.3 Nigeria Excavators Market Revenues & Volume (2016-2026) |
10.2.4 Nigeria Excavators Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.4.1 Nigeria Tracked Excavators Market Revenues & Volume (2016-2026) |
10.2.4.2 Nigeria Mini Excavators Market Revenues & Volume (2016-2026) |
10.2.4.3 Nigeria Wheeled Excavators Market Revenues & Volume (2016-2026) |
10.2.5 Nigeria Motor Grader Market Revenues & Volume (2016-2026) |
11 Nigeria Material Handling Equipment Market Overview |
11.1 Nigeria Material Handling Equipment Market Revenues & Volume (2016-2026) |
11.2 Nigeria Material Handling Equipment Market Revenues & Volume Share, By Types (2019 & 2026) |
11.2.1 Nigeria Forklift Market Revenues & Volume (2016-2026) |
11.2.2 Nigeria Telescopic Handler Market Revenues & Volume (2016-2026) |
12 Nigeria Dump Trucks Market Overview |
12.1 Nigeria Dump Trucks Market Revenues & Volume (2016-2026) |
13 Nigeria Aerial Work Equipment Market Overview |
13.1 Nigeria Aerial Work Platform Market Revenues & Volume (2016-2026) |
13.2 Nigeria Aerial Work Platform Market Revenues & Volume Share, By Types (2019 & 2026) |
13.2.1 Nigeria Articulated Boom lift Market Revenues & Volume (2016-2026) |
13.2.2 Nigeria Scissor Lift Market Revenues & Volume (2016-2026) |
13.2.3 Nigeria Telescopic Boom lift Market Revenues & Volume (2016-2026) |
14 Nigeria Road Construction Equipment Market Overview |
14.1 Nigeria Road Construction Market Revenues & Volume (2016-2026) |
14.2 Nigeria Road Construction Market Revenues & Volume Share, By Types (2019 & 2026) |
14.2.1 Nigeria Paver Market Revenues & Volume (2016-2026) |
14.2.2 Nigeria Road Roller Market Revenues & Volume (2016-2026) |
15 Nigeria Construction Equipment Market Overview, By Applications |
15.2 Nigeria Construction Equipment Market Revenues, By Construction Application (2016-2026) |
15.3 Nigeria Construction Equipment Market Revenues, By Oil & Gas Application (2016-2026) |
15.4 Nigeria Construction Equipment Market Revenues, By Mining Application (2016-2026) |
15.5 Nigeria Construction Equipment Market Revenues, By Other Applications (2016-2026) |
16 Nigeria Construction Equipment Market Overview, By Regions |
16.2 Nigeria Construction Equipment Market Revenues, By Northern Region (2016-2026) |
16.3 Nigeria Construction Equipment Market Revenues, By Southern Region (2016-2026) |
16.4 Nigeria Construction Equipment Market Revenues, By Eastern Region (2016-2026) |
16.5 Nigeria Construction Equipment Market Revenues, By Western Region (2016-2026) |
17 Nigeria Construction Equipment Market - Government Initiatives / Regulations |
18 Nigeria Construction Equipment Market - Key Performance Indicators |
19 Nigeria Construction Equipment Market Opportunity Assessment |
19.1 Nigeria Construction Equipment Market Opportunity Assessment, By Types (2026) |
19.2 Nigeria Construction Equipment Market Opportunity Assessment, By Applications (2026) |
20 Nigeria Construction Equipment Market Competitive Landscape |
20.1 Nigeria Construction Equipment Market, By Players’ Revenue Share (2019) |
20.2 Nigeria Construction Equipment Market, By Players’ Competitive Benchmarking, By Operating Parameters |
21 Key Strategic Pointers |
22 Disclaimer |