Nigeria Light Commercial Truck Market (2025-2031) | Analysis, Outlook, Growth, Segmentation, Competitive Landscape, Share, Trends, Industry, Size & Revenue, Companies, Forecast, Value

Market Forecast By Vehicle Type (Pick-Up Truck, Vans, Bus, Crossovers, SUV), By Product Type (Plastic Fuel Tank, Metal Fuel Tank), By Drive Type (IC Engine, Electric/Hybrid), By End User (Commercial Fleet, Government Fleet) And Competitive Landscape
Product Code: ETC8628172 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Dhaval Chaurasia No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Nigeria Light Commercial Truck Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Nigeria continued to see a significant volume of light commercial truck imports, with the top exporting countries being UAE, Japan, China, India, and the USA. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -2.76% from 2020 to 2024. Furthermore, the growth rate in 2024 dropped by 11.1% compared to the previous year, highlighting potential challenges and shifts in the market dynamics for light commercial truck imports in Nigeria.

Nigeria Light Commercial Truck Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Nigeria Light Commercial Truck Market Outlook
  • Market Size of Nigeria Light Commercial Truck Market, 2024
  • Forecast of Nigeria Light Commercial Truck Market, 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Revenues & Volume for the Period 2021- 2031
  • Nigeria Light Commercial Truck Market Trend Evolution
  • Nigeria Light Commercial Truck Market Drivers and Challenges
  • Nigeria Light Commercial Truck Price Trends
  • Nigeria Light Commercial Truck Porter's Five Forces
  • Nigeria Light Commercial Truck Industry Life Cycle
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Vehicle Type for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Pick-Up Truck for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Vans for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Bus for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Crossovers for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By SUV for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Product Type for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Plastic Fuel Tank for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Metal Fuel Tank for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Drive Type for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By IC Engine for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Electric/Hybrid for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By End User for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Commercial Fleet for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Light Commercial Truck Market Revenues & Volume By Government Fleet for the Period 2021- 2031
  • Nigeria Light Commercial Truck Import Export Trade Statistics
  • Market Opportunity Assessment By Vehicle Type
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Drive Type
  • Market Opportunity Assessment By End User
  • Nigeria Light Commercial Truck Top Companies Market Share
  • Nigeria Light Commercial Truck Competitive Benchmarking By Technical and Operational Parameters
  • Nigeria Light Commercial Truck Company Profiles
  • Nigeria Light Commercial Truck Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Nigeria Light Commercial Truck Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Light Commercial Truck Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Light Commercial Truck Market Overview

3.1 Nigeria Country Macro Economic Indicators

3.2 Nigeria Light Commercial Truck Market Revenues & Volume, 2021 & 2031F

3.3 Nigeria Light Commercial Truck Market - Industry Life Cycle

3.4 Nigeria Light Commercial Truck Market - Porter's Five Forces

3.5 Nigeria Light Commercial Truck Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F

3.6 Nigeria Light Commercial Truck Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.7 Nigeria Light Commercial Truck Market Revenues & Volume Share, By Drive Type, 2021 & 2031F

3.8 Nigeria Light Commercial Truck Market Revenues & Volume Share, By End User, 2021 & 2031F

4 Nigeria Light Commercial Truck Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growth in e-commerce industry leading to increased demand for last-mile delivery solutions.

4.2.2 Infrastructure development projects driving the need for light commercial trucks for transportation of materials.

4.2.3 Rising urbanization and population growth leading to higher demand for transportation of goods within cities.

4.3 Market Restraints

4.3.1 Economic instability affecting purchasing power and investment in commercial vehicles.

4.3.2 High import tariffs on vehicles impacting affordability and market competitiveness.

4.3.3 Inadequate road infrastructure leading to operational challenges for light commercial truck owners.

5 Nigeria Light Commercial Truck Market Trends

6 Nigeria Light Commercial Truck Market, By Types

6.1 Nigeria Light Commercial Truck Market, By Vehicle Type

6.1.1 Overview and Analysis

6.1.2 Nigeria Light Commercial Truck Market Revenues & Volume, By Vehicle Type, 2021- 2031F

6.1.3 Nigeria Light Commercial Truck Market Revenues & Volume, By Pick-Up Truck, 2021- 2031F

6.1.4 Nigeria Light Commercial Truck Market Revenues & Volume, By Vans, 2021- 2031F

6.1.5 Nigeria Light Commercial Truck Market Revenues & Volume, By Bus, 2021- 2031F

6.1.6 Nigeria Light Commercial Truck Market Revenues & Volume, By Crossovers, 2021- 2031F

6.1.7 Nigeria Light Commercial Truck Market Revenues & Volume, By SUV, 2021- 2031F

6.2 Nigeria Light Commercial Truck Market, By Product Type

6.2.1 Overview and Analysis

6.2.2 Nigeria Light Commercial Truck Market Revenues & Volume, By Plastic Fuel Tank, 2021- 2031F

6.2.3 Nigeria Light Commercial Truck Market Revenues & Volume, By Metal Fuel Tank, 2021- 2031F

6.3 Nigeria Light Commercial Truck Market, By Drive Type

6.3.1 Overview and Analysis

6.3.2 Nigeria Light Commercial Truck Market Revenues & Volume, By IC Engine, 2021- 2031F

6.3.3 Nigeria Light Commercial Truck Market Revenues & Volume, By Electric/Hybrid, 2021- 2031F

6.4 Nigeria Light Commercial Truck Market, By End User

6.4.1 Overview and Analysis

6.4.2 Nigeria Light Commercial Truck Market Revenues & Volume, By Commercial Fleet, 2021- 2031F

6.4.3 Nigeria Light Commercial Truck Market Revenues & Volume, By Government Fleet, 2021- 2031F

7 Nigeria Light Commercial Truck Market Import-Export Trade Statistics

7.1 Nigeria Light Commercial Truck Market Export to Major Countries

7.2 Nigeria Light Commercial Truck Market Imports from Major Countries

8 Nigeria Light Commercial Truck Market Key Performance Indicators

8.1 Average age of light commercial trucks in operation.

8.2 Number of new entrants in the light commercial truck market.

8.3 Average distance traveled by light commercial trucks per month.

9 Nigeria Light Commercial Truck Market - Opportunity Assessment

9.1 Nigeria Light Commercial Truck Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F

9.2 Nigeria Light Commercial Truck Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.3 Nigeria Light Commercial Truck Market Opportunity Assessment, By Drive Type, 2021 & 2031F

9.4 Nigeria Light Commercial Truck Market Opportunity Assessment, By End User, 2021 & 2031F

10 Nigeria Light Commercial Truck Market - Competitive Landscape

10.1 Nigeria Light Commercial Truck Market Revenue Share, By Companies, 2024

10.2 Nigeria Light Commercial Truck Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Thought Leadership and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Related Reports

Industry Events and Analyst Meet

Whitepaper

Read All