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Commercial Vehicle Market, Nigeria, 2024–2035

Publisher Frost & Sullivan
Published Oct 17, 2025
Length 83 Pages
SKU # MC20492865

Description

Nigeria, one of Africa’s largest economies, is diversifying to reduce its dependence on oil revenues and strengthen key non-oil industries. As the continent’s most populous nation, the country presents a rising demand for commercial vehicles, fueled by urban expansion, infrastructure projects, and growing trade activities. The automotive market is largely import-driven, with major players such as SinoTruk, FAW Jiefang, Foton, Shanxi HD, Hongyan, and MAN. However, government initiatives promoting local assembly and manufacturing are reshaping the industry landscape.

The Nigerian truck market is projected to record a CAGR of 2.7% from 2024 to 2035 due to investments in road infrastructure, logistics modernization, and fleet expansion. Additionally, the country is exploring sustainable mobility solutions that align with global trends in emission reduction. While Nigeria currently has limited vehicle emission regulations, ongoing discussions on cleaner fuel standards and electrification are expected to influence the future of commercial transportation.

Nigeria’s participation in the African Continental Free Trade Area (AfCFTA) and the Trans-African Highway (TAH) network is unlocking new trade and logistics opportunities. The AfCFTA framework facilitates intra-African trade by reducing tariffs and improving cross-border commerce, boosting demand for commercial vehicles. Furthermore, Nigeria serves as a critical hub in the Lagos-Mombasa and Algiers-Lagos corridors of the TAH, enhancing connectivity across West, Central, and East Africa. These infrastructure advancements are set to accelerate demand for efficient trucking solutions, fleet expansion, and investment in transport logistics.

This study examines Nigeria’s evolving commercial vehicle sector, highlighting the impact of economic policies, trade integration, and sustainability initiatives on the country’s transportation ecosystem. The study period is 2024–2035, with 2024 as the base year and 2025–2035 as the forecast period.

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83 Pages

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