| Product Code: ETC8630791 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria`s off-the-road tire import market continued to see a high level of concentration, with top exporting countries including Sri Lanka, Germany, China, India, and the Netherlands. Despite the challenging market conditions, the Compound Annual Growth Rate (CAGR) for the period 2020-2024 was -14.49%. Notably, the growth rate for 2023-2024 experienced a significant decline of -47.64%, reflecting the impact of various factors on the industry. This data suggests the need for market players to adapt to changing dynamics and seek innovative strategies to navigate the evolving landscape.

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 Off-the-Road (OTR) Tire Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Off-the-Road (OTR) Tire Market - Industry Life Cycle |
3.4 Nigeria Off-the-Road (OTR) Tire Market - Porter's Five Forces |
3.5 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume Share, By Tire Type, 2021 & 2031F |
3.7 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume Share, By Rim Size, 2021 & 2031F |
4 Nigeria Off-the-Road (OTR) Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction and infrastructure development sector in Nigeria, leading to increased demand for off-the-road (OTR) tires. |
4.2.2 Expansion of the mining industry in Nigeria, driving the need for OTR tires for heavy-duty vehicles. |
4.2.3 Rise in agricultural activities in Nigeria, boosting the requirement for OTR tires in farming equipment. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting the production costs of OTR tires. |
4.3.2 Economic instability and currency fluctuations impacting the purchasing power of consumers and businesses in Nigeria. |
5 Nigeria Off-the-Road (OTR) Tire Market Trends |
6 Nigeria Off-the-Road (OTR) Tire Market, By Types |
6.1 Nigeria Off-the-Road (OTR) Tire Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Mining Vehicles, 2021- 2031F |
6.1.4 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Construction & Industrial Vehicles, 2021- 2031F |
6.1.5 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Agricultural Vehicles, 2021- 2031F |
6.1.6 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Nigeria Off-the-Road (OTR) Tire Market, By Tire Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Radial Tire, 2021- 2031F |
6.2.3 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Bias Tire, 2021- 2031F |
6.3 Nigeria Off-the-Road (OTR) Tire Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By OEM, 2021- 2031F |
6.3.3 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Replacement, 2021- 2031F |
6.4 Nigeria Off-the-Road (OTR) Tire Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Online, 2021- 2031F |
6.4.3 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Offline, 2021- 2031F |
6.5 Nigeria Off-the-Road (OTR) Tire Market, By Rim Size |
6.5.1 Overview and Analysis |
6.5.2 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By Below 24 inches, 2021- 2031F |
6.5.3 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By 24-30 inches, 2021- 2031F |
6.5.4 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By 31-35 inches, 2021- 2031F |
6.5.5 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By 36-39 inches, 2021- 2031F |
6.5.6 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By 40-50 inches, 2021- 2031F |
6.5.7 Nigeria Off-the-Road (OTR) Tire Market Revenues & Volume, By 51-55 inches, 2021- 2031F |
7 Nigeria Off-the-Road (OTR) Tire Market Import-Export Trade Statistics |
7.1 Nigeria Off-the-Road (OTR) Tire Market Export to Major Countries |
7.2 Nigeria Off-the-Road (OTR) Tire Market Imports from Major Countries |
8 Nigeria Off-the-Road (OTR) Tire Market Key Performance Indicators |
8.1 Average utilization rate of OTR tires in key industries (construction, mining, agriculture) in Nigeria. |
8.2 Number of new infrastructure projects requiring OTR tires in Nigeria. |
8.3 Adoption rate of technologically advanced OTR tires in the market. |
9 Nigeria Off-the-Road (OTR) Tire Market - Opportunity Assessment |
9.1 Nigeria Off-the-Road (OTR) Tire Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Nigeria Off-the-Road (OTR) Tire Market Opportunity Assessment, By Tire Type, 2021 & 2031F |
9.3 Nigeria Off-the-Road (OTR) Tire Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Nigeria Off-the-Road (OTR) Tire Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.5 Nigeria Off-the-Road (OTR) Tire Market Opportunity Assessment, By Rim Size, 2021 & 2031F |
10 Nigeria Off-the-Road (OTR) Tire Market - Competitive Landscape |
10.1 Nigeria Off-the-Road (OTR) Tire Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Off-the-Road (OTR) Tire Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |