| Product Code: ETC8629813 | 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 |
The market for motorized quadricycles in Nigeria experienced a decline in 2024, with a negative Compound Annual Growth Rate (CAGR) of -2.8% from 2020 to 2024. Despite this, import shipments from top exporting countries such as China, USA, UAE, Canada, and Germany continued to dominate the market, maintaining a high level of market concentration measured by the Herfindahl-Hirschman Index (HHI). The industry faced a significant downturn in 2024, with a growth rate of -18.97% from the previous year, indicating a challenging environment for quadricycle 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 Motorized Quadricycle Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Motorized Quadricycle Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Motorized Quadricycle Market - Industry Life Cycle |
3.4 Nigeria Motorized Quadricycle Market - Porter's Five Forces |
3.5 Nigeria Motorized Quadricycle Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.6 Nigeria Motorized Quadricycle Market Revenues & Volume Share, By End use, 2021 & 2031F |
3.7 Nigeria Motorized Quadricycle Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.8 Nigeria Motorized Quadricycle Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Nigeria Motorized Quadricycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Rising urbanization and congestion in Nigerian cities leading to increased demand for compact and efficient transportation solutions. |
4.2.2 Growing awareness about environmental sustainability and the need for eco-friendly modes of transport. |
4.2.3 Government initiatives and policies promoting the use of quadricycles as a means to reduce traffic congestion and air pollution. |
4.3 Market Restraints |
4.3.1 Lack of infrastructure and road conditions in Nigeria may limit the adoption and usage of motorized quadricycles. |
4.3.2 Concerns about safety and regulations surrounding the use of quadricycles on Nigerian roads. |
5 Nigeria Motorized Quadricycle Market Trends |
6 Nigeria Motorized Quadricycle Market, By Types |
6.1 Nigeria Motorized Quadricycle Market, By Price Range |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Motorized Quadricycle Market Revenues & Volume, By Price Range, 2021- 2031F |
6.1.3 Nigeria Motorized Quadricycle Market Revenues & Volume, By Low, 2021- 2031F |
6.1.4 Nigeria Motorized Quadricycle Market Revenues & Volume, By Mid, 2021- 2031F |
6.1.5 Nigeria Motorized Quadricycle Market Revenues & Volume, By High, 2021- 2031F |
6.2 Nigeria Motorized Quadricycle Market, By End use |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Motorized Quadricycle Market Revenues & Volume, By Household, 2021- 2031F |
6.2.3 Nigeria Motorized Quadricycle Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Nigeria Motorized Quadricycle Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Nigeria Motorized Quadricycle Market, By Propulsion Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Motorized Quadricycle Market Revenues & Volume, By ICE (Internal Combustion Engine), 2021- 2031F |
6.3.3 Nigeria Motorized Quadricycle Market Revenues & Volume, By Electric, 2021- 2031F |
6.4 Nigeria Motorized Quadricycle Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Motorized Quadricycle Market Revenues & Volume, By Light Quadricycle, 2021- 2031F |
6.4.3 Nigeria Motorized Quadricycle Market Revenues & Volume, By Heavy Quadricycle, 2021- 2031F |
7 Nigeria Motorized Quadricycle Market Import-Export Trade Statistics |
7.1 Nigeria Motorized Quadricycle Market Export to Major Countries |
7.2 Nigeria Motorized Quadricycle Market Imports from Major Countries |
8 Nigeria Motorized Quadricycle Market Key Performance Indicators |
8.1 Average daily usage of motorized quadricycles in urban areas. |
8.2 Number of government subsidies or incentives for quadricycle manufacturers and users. |
8.3 Percentage increase in quadricycle registrations year-over-year. |
8.4 Adoption rate of quadricycles in commercial applications such as last-mile delivery or rental services. |
9 Nigeria Motorized Quadricycle Market - Opportunity Assessment |
9.1 Nigeria Motorized Quadricycle Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.2 Nigeria Motorized Quadricycle Market Opportunity Assessment, By End use, 2021 & 2031F |
9.3 Nigeria Motorized Quadricycle Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.4 Nigeria Motorized Quadricycle Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Nigeria Motorized Quadricycle Market - Competitive Landscape |
10.1 Nigeria Motorized Quadricycle Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Motorized Quadricycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |