| Product Code: ETC8626484 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to see a significant influx of heavy duty trucks from top exporting countries such as China, UAE, USA, India, and Australia. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), intensified from high to very high in just one year. This shift indicates a more dominant presence of key suppliers in the market. Despite a negative compound annual growth rate (CAGR) of -2.64% over the period 2020-2024, the steep decline in growth rate from 2023 to 2024 at -47.48% suggests a challenging environment for heavy duty truck imports in Nigeria.

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 Heavy Duty Trucks Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Heavy Duty Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Heavy Duty Trucks Market - Industry Life Cycle |
3.4 Nigeria Heavy Duty Trucks Market - Porter's Five Forces |
3.5 Nigeria Heavy Duty Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.6 Nigeria Heavy Duty Trucks Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Nigeria Heavy Duty Trucks Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 Nigeria Heavy Duty Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in infrastructure development projects in Nigeria |
4.2.2 Increase in mining and construction activities requiring heavy duty trucks |
4.2.3 Government initiatives to improve transportation and logistics sector |
4.3 Market Restraints |
4.3.1 High import taxes and duties on heavy duty trucks |
4.3.2 Fluctuating fuel prices impacting operational costs |
4.3.3 Lack of skilled drivers and maintenance facilities |
5 Nigeria Heavy Duty Trucks Market Trends |
6 Nigeria Heavy Duty Trucks Market, By Types |
6.1 Nigeria Heavy Duty Trucks Market, By Class |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Class, 2021- 2031F |
6.1.3 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Class 5, 2021- 2031F |
6.1.4 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Class 6, 2021- 2031F |
6.1.5 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Class 7, 2021- 2031F |
6.1.6 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Class 8, 2021- 2031F |
6.2 Nigeria Heavy Duty Trucks Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.3 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2.4 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Electric, 2021- 2031F |
6.2.5 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Alternative Fuels, 2021- 2031F |
6.3 Nigeria Heavy Duty Trucks Market, By Application Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Construction and Mining, 2021- 2031F |
6.3.3 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Freight and Logistics, 2021- 2031F |
6.3.4 Nigeria Heavy Duty Trucks Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Heavy Duty Trucks Market Import-Export Trade Statistics |
7.1 Nigeria Heavy Duty Trucks Market Export to Major Countries |
7.2 Nigeria Heavy Duty Trucks Market Imports from Major Countries |
8 Nigeria Heavy Duty Trucks Market Key Performance Indicators |
8.1 Average age of heavy duty truck fleet in Nigeria |
8.2 Number of new infrastructure projects announced |
8.3 Average utilization rate of heavy duty trucks in key industries |
9 Nigeria Heavy Duty Trucks Market - Opportunity Assessment |
9.1 Nigeria Heavy Duty Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.2 Nigeria Heavy Duty Trucks Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Nigeria Heavy Duty Trucks Market Opportunity Assessment, By Application Type, 2021 & 2031F |
10 Nigeria Heavy Duty Trucks Market - Competitive Landscape |
10.1 Nigeria Heavy Duty Trucks Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Heavy Duty Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |