| Product Code: ETC308629 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria`s torque spanners import market in 2024 saw significant contributions from China, India, USA, Metropolitan France, and UK. Despite a negative CAGR of -3.78% from 2020 to 2024 and a growth rate of -7.97% from 2023 to 2024, the market remained concentrated with a high Herfindahl-Hirschman Index (HHI) in 2024. This indicates a competitive landscape dominated by these key exporting countries. Understanding the dynamics and trends in this market will be crucial for stakeholders to navigate challenges and capitalize on potential opportunities in the coming years.

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 Torque Spanners Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Torque Spanners Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Torque Spanners Market - Industry Life Cycle |
3.4 Nigeria Torque Spanners Market - Porter's Five Forces |
3.5 Nigeria Torque Spanners Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Torque Spanners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Torque Spanners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in Nigeria leading to higher demand for torque spanners. |
4.2.2 Growth in the automotive and manufacturing sectors in Nigeria driving the need for torque spanners. |
4.2.3 Rising awareness about the importance of proper maintenance and safety in industries boosting the demand for torque spanners. |
4.3 Market Restraints |
4.3.1 Economic instability and fluctuations in the Nigerian market impacting the purchasing power of consumers and businesses. |
4.3.2 Competition from alternative tools and technologies affecting the market penetration of torque spanners. |
4.3.3 Limited availability of skilled labor and technicians proficient in using torque spanners hindering market growth. |
5 Nigeria Torque Spanners Market Trends |
6 Nigeria Torque Spanners Market, By Types |
6.1 Nigeria Torque Spanners Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Torque Spanners Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Torque Spanners Market Revenues & Volume, By Manual Torque Spanner, 2021 - 2031F |
6.1.4 Nigeria Torque Spanners Market Revenues & Volume, By Pneumatic Torque Spanner, 2021 - 2031F |
6.1.5 Nigeria Torque Spanners Market Revenues & Volume, By Electronic Torque Spanner, 2021 - 2031F |
6.2 Nigeria Torque Spanners Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Torque Spanners Market Revenues & Volume, By Automotive, Engineering & Construction, 2021 - 2031F |
6.2.3 Nigeria Torque Spanners Market Revenues & Volume, By Shipping & Aerospace, 2021 - 2031F |
6.2.4 Nigeria Torque Spanners Market Revenues & Volume, By Other, 2021 - 2031F |
7 Nigeria Torque Spanners Market Import-Export Trade Statistics |
7.1 Nigeria Torque Spanners Market Export to Major Countries |
7.2 Nigeria Torque Spanners Market Imports from Major Countries |
8 Nigeria Torque Spanners Market Key Performance Indicators |
8.1 Number of new infrastructure projects in Nigeria requiring torque spanners. |
8.2 Percentage increase in the sales of torque spanners in the automotive and manufacturing sectors. |
8.3 Rate of adoption of torque spanners in various industries in Nigeria. |
8.4 Number of training programs conducted on the proper use of torque spanners. |
8.5 Percentage growth in the number of torque spanner suppliers and manufacturers in Nigeria. |
9 Nigeria Torque Spanners Market - Opportunity Assessment |
9.1 Nigeria Torque Spanners Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Torque Spanners Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Torque Spanners Market - Competitive Landscape |
10.1 Nigeria Torque Spanners Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Torque Spanners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |