Nigeria Motor Grader Market (2020-2026) | Trends, Growth, Forecast, Share, Outlook, Analysis, Size, Companies, Industry, COVID-19 IMPACT, Value & Revenue

Topics Covered in the Nigeria Motor Grader Market

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.

Latest (2023) Development of the Nigeria Motor Grader Market

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 Synopsis

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.

COVID-19 Influence on the Nigeria Motor Grader Market

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.

Prominent players in the Nigeria Motor Grader Market

The Nigeria Motor Grader Industry is highly competitive and includes some of the most prominent players in the industry. These include;

• JCB
• Caterpillar
• Volvo Construction Equipment
• Doosan Infracore Co., Ltd.
• Komatsu Ltd.
• Bobcat Company LLC
• Terex Corporation
• Hitachi Construction Machinery Co. Ltd.
• Shantui Construction Machinery Co. Ltd.

Market Analysis by Applications

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.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Nigeria Motor Grader Market Overview
• Nigeria Motor Grader Market Outlook
• Nigeria Motor Grader Market Forecast
• Historical Data of Nigeria Motor Grader Market Revenues and Volume for the Period 2016-2026
• Nigeria Motor Grader Market Size & Motor Grader Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Nigeria Motor Grader Market Revenues and Volume, By Types, for the Period 2016-2026
• Market Size & Forecast of Nigeria Motor Grader Market Revenues and Volume, By Types, Until 2026
• Historical Data of Nigeria Motor Grader Market Revenues and Volume, By Capacity, for the Period 2016-2026
• Market Size & Forecast of Nigeria Motor Grader Market Revenues and Volume, By Capacity, Until 2026
• Historical Data of Nigeria Motor Grader Market Revenues and Volume, By Applications, for the Period 2016-2026
• Market Size & Forecast of Nigeria Motor Grader Market Revenues and Volume, By Applications, Until 2026
• Market Drivers and Restraints
• Nigeria Motor Grader Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• Nigeria Motor Grader Market Share, By Players
• Nigeria Motor Grader Market Overview on Competitive Benchmarking
• Company Profiles

Markets Covered

The Nigeria Motor Grader Market report provides a detailed analysis of the following market segments:

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.)

Nigeria Motor Grader Market: FAQs