Transportation Services in Nigeria
Summary
Transportation Services in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The transportation services industry includes air, marine, rail, and road freight sectors.
- The Nigerian transportation services industry recorded revenues of $3.3 billion in 2023, representing a compound annual growth rate (CAGR) of 1.2% between 2018 and 2023.
- The marine segment accounted for the industry’s largest proportion in 2023, with total revenues of $3 billion, equivalent to 88.7% of the industry’s overall value.
- According to GlobalData, in 2023, the Nigerian transportation services industry grew 2.7% annually due to the rising free trade agreements (FTA).
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the transportation services market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the transportation services market in Nigeria
- Leading company profiles reveal details of key transportation services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria transportation services market with five year forecasts
- What was the size of the Nigeria transportation services market by value in 2023?
- What will be the size of the Nigeria transportation services market in 2028?
- What factors are affecting the strength of competition in the Nigeria transportation services market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's transportation services market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths and strategies of leading players?
- 7.3. What are the challenges in the market?
- 8 Company Profiles
- 8.1. Red Star Express PLC
- 8.2. A.P. Moller - Maersk AS
- 8.3. MSC Mediterranean Shipping Co SA
- 8.4. Trans-Nationwide Express Plc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Nigeria transportation services industry value: $ million, 2018-23
- Table 2: Nigeria transportation services industry category segmentation: % share, by value, 2018-23
- Table 3: Nigeria transportation services industry category segmentation: $ million, 2018-23
- Table 4: Nigeria transportation services industry geography segmentation: $ million, 2023
- Table 5: Nigeria transportation services industry value forecast: $ million, 2023-28
- Table 6: Red Star Express PLC: Key Facts
- Table 7: Red Star Express PLC: Annual Financial Ratios
- Table 8: Red Star Express PLC: Key Employees
- Table 9: A.P. Moller - Maersk AS: Key Facts
- Table 10: A.P. Moller - Maersk AS: Annual Financial Ratios
- Table 11: A.P. Moller - Maersk AS: Key Employees
- Table 12: MSC Mediterranean Shipping Co SA: Key Facts
- Table 13: MSC Mediterranean Shipping Co SA: Key Employees
- Table 14: Trans-Nationwide Express Plc: Key Facts
- Table 15: Trans-Nationwide Express Plc: Key Employees
- Table 16: Nigeria Size of Population (million), 2019-23
- Table 17: Nigeria Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 18: Nigeria GDP (Current Prices, $ Billion), 2019-23
- Table 19: Nigeria Inflation, 2019-23
- Table 20: Nigeria Consumer Price Index (Absolute), 2019-23
- Table 21: Nigeria Exchange Rate, 2018-23
- List of Figures
- Figure 1: Nigeria transportation services industry value: $ million, 2018-23
- Figure 2: Nigeria transportation services industry category segmentation: $ million, 2018-23
- Figure 3: Nigeria transportation services industry geography segmentation: % share, by value, 2023
- Figure 4: Nigeria transportation services industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the transportation services industry in Nigeria, 2023
- Figure 6: Drivers of buyer power in the transportation services industry in Nigeria, 2023
- Figure 7: Drivers of supplier power in the transportation services industry in Nigeria, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the transportation services industry in Nigeria, 2023
- Figure 9: Factors influencing the threat of substitutes in the transportation services industry in Nigeria, 2023
- Figure 10: Drivers of degree of rivalry in the transportation services industry in Nigeria, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook