| 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 |
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.

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 |