Market Forecast By Types (Rigid Frame, Articulated Frame), By Capacity (Small Motor Graders (80-150 HP), Medium Motor Grader (150-300 HP), Large Motor Grader (Above 300 HP)), By Applications (Construction, Mining, Forestry & Agriculture, Other (Infrastructure, oil and gas, etc.)) and competitive landscape
Product Code: ETC002058 | Publication Date: Apr 2020 | Updated Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Nigeria Motor Grader Market report thoroughly covers the market by types, by capacity, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing 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 Motor Grader Market is expected to witness significant growth on account of the rise in infrastructure and construction activities, coupled with the increasing investments by government and private entities. Moreover, with rapid urbanization across major cities, there has been a surge in road development projects which further contributes to the Nigeria Motor Grader Market Growth. Furthermore, technological advancements such as 3D laser-guided automatic grading systems are being incorporated into modern motor graders for better performance on large-scale infrastructural projects in Nigeria. This has resulted in higher efficiency amongst contractors while saving time and money-related costs. Additionally, several international companies have started investing heavily in research & development initiatives focusing on making these machines more user-friendly.
Nigeria Motor Grader Market is expected to register growth in the coming years on account of increasing applications for motor graders in industries such as construction, mining, forestry, and oil & gas. The expansion of the construction sector due to an increase in foreign investment would upsurge the demand for motor grader equipment in the market.
According to 6Wresearch, the Nigeria Motor Grader Market is expected to grow at a rapid pace during the forecast period 2020-2026. The Nigerian government has come up with the “Vision 2030” initiative to increase foreign investment (FDI) in the Nigerian oil sector and aims to be the largest oil and gas producer in Africa by 2022. The Nigerian Petroleum Corporation (NNPC) has come up with oil exploration projects in order to explore untapped onshore sweet oil reserves in the country and increase investment in oil and gas infrastructure, such as new pipelines and oil refiners’ plant in order to increase oil production capacity, thus such initiatives and projects would create abundant demand for motor grader equipment in Nigeria.
The COVID-19 pandemic has had a significant impact on the Nigeria motor grader market share due to the sudden halt in economic activities backed by the nationwide lockdowns which has resulted in reduced demand for construction equipment such as motor graders, resulting in a decline in sales and production volumes of these products. Furthermore, the rising cost of materials and components used for producing these machines has further exacerbated this situation. Despite this challenging environment, leading players are still investing heavily in research and development initiatives to strengthen their presence within the market.
The Nigeria Motor Grader Industry is highly competitive and includes some of the most prominent players in the industry. These include;
According to Vasudha, Senior Research Analyst, 6Wresearch, the infrastructure sector has wide usage of motor graders in its activities such as fine grading, spreading material, earthmoving, and trenching and the rise in construction activities in recent years would led to the increase in demand for motor grader equipment in Nigeria. Additionally, the construction of roads and hospitals across the country would create ample opportunities for the motor grader market in Nigeria.
The Nigeria Motor Grader Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Nigeria Motor Grader Market Overview |
3.1. Nigeria Motor Grader Market Revenues & Volume, 2016-2026F |
3.2. Nigeria Motor Grader Market – Industry Life Cycle |
3.3. Nigeria Motor Grader Market – Porter’s Five Forces |
3.4. Nigeria Motor Grader Market Revenue & Volume Share, By Types, 2019 & 2026F |
3.5. Nigeria Motor Grader Market Revenue & Volume Share, By Capacity, 2019 & 2026F |
3.6. Nigeria Motor Grader Market Revenue & Volume Share, By Application, 2019 & 2026F |
4. Nigeria Motor Grader Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Nigeria Motor Grader Market Trends |
6. Nigeria Motor Grader Market Overview, By Types |
6.1. Nigeria Rigid Frame Motor Grader Market Revenues & Volume, 2016-2026F |
6.2. Nigeria Articulated Frame Motor Grader Market Revenues & Volume, 2016-2026F |
7. Nigeria Motor Grader Market Overview, By Capacity |
7.1. Nigeria Small Motor Grader Market (80-150 HP) Revenues & Volume, 2016-2026F |
7.2. Nigeria Medium Motor Grader Market (150-300 HP) Revenues & Volume, 2016-2026F |
7.3. Nigeria Large Motor Grader Market (Above 300 HP) Revenues & Volume, 2016-2026F |
8. Nigeria Motor Grader Market Overview, By Applications |
8.1. Nigeria Motor Grader Market Revenues, By Construction Application, 2016-2026F |
8.2. Nigeria Motor Grader Market Revenues, By Mining Application, 2016-2026F |
8.3. Nigeria Motor Grader Market Revenues, By Forestry & Agriculture Application, 2016-2026F |
8.4. Nigeria Motor Grader Market Revenues, By Other Applications, 2016-2026F |
9. Nigeria Motor Grader Market Key Performance Indicators |
10. Nigeria Motor Grader Market Opportunity Assessment |
10.1. Nigeria Motor Grader Market Opportunity Assessment, By Type, 2026F |
10.2. Nigeria Motor Grader Market Opportunity Assessment, By Capacity, 2026F |
10.3. Nigeria Motor Grader Market Opportunity Assessment, By Applications, 2026F |
11. Nigeria Motor Grader Market Competitive Landscape |
11.1. Nigeria Motor Grader Market Revenue Share, By Company, 2019 |
11.2. Nigeria Motor Grader Market Competitive Benchmarking, By Technical Parameters |
12. Company Profiles |
12.1. Business Description |
12.2. Geographical Presence |
12.3. Ownership (Top 5 Shareholders) |
12.4. Key Fincancials (If Available) |
12.5. Historical Timeline (If Available) |
12.6. Key Clients |
12.7. Product Segmentation |
12.8. Key Distributors / Dealers |
12.9. Key Executives |
12.10. Number of Employees |
13. Recommendations |
14. Disclaimer |