Nigeria Two-Wheeler Market Research Report

Nigeria Two-Wheeler Market:

GMI Research expects the market to expand at a higher rate during the forecast period. The strong presence of insufficient public intra-city transport system and the rising demand for the last mile delivery purposes are the key factors driving the growth of the Nigeria two-wheeler market.

Request for a FREE Sample Report on Nigeria Two-Wheeler Market

Nigeria Two-Wheeler Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The strong demand for two-wheelers due to their flexibility and higher fuel efficiency is a significant factor contributing to the growth of the Nigeria two-wheeler market. Moreover, the strong presence of insufficient public intra-city transport system and the rising demand for the last mile delivery purposes are the major factors surging the growth of the Nigeria two-wheeler market share in terms of revenue during the forecast period.

The significant shift towards the motorcycle ride-hailing services of the population to prevent congestion and heavy traffic jam is another factor that will have a positive influence on the market's demand. For example, in Gokada, a ride-hail start-up in Nigeria, in 2019 created USD 5.3 million Series A round to fuel the two-wheel transit business. The start-up has onboarded and trained about 1,000 riders on its app and has completed approximately 1 million rides since 2018. The growing affordability of the two-wheelers and the increasing price of passenger cars will further stimulate the growth of the Nigeria two-wheeler market. On the other hand, the rising concerns associated with the safety of the people nationwide will hamper the growth of the Nigeria two-wheeler market.

Vehicle Type Segment Drivers

Based on the vehicle type, the motorcycle segment is projected to increase at a faster CAGR in the upcoming years due to the increasing penetration of motorcycles in the nation attributed to the strong presence of larger fuel capacity and improved control in the rugged road conditions. Furthermore, the fundamental shift of individuals towards the motorcycle-hailing ride due to its low cost in comparison to car-hailing services and flexible transport service options to deal with the long traffic jams will further pay the way for the growth of the market.

Nigeria Two-Wheeler Market Segmentation:

Segmentation by Vehicle Type:

·         Motorcycle

·         Scooter/Moped

Segmentation by Engine Type:

·         ICE

·         Electric

Segmentation by Engine Capacity:

·         Up to 125cc

·         126-250cc

·         250-500cc

·         Above 500cc

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Comments

Post a Comment

Popular posts from this blog

Trends in the Fruits and Vegetables Coatings Market in 2024

Image
 In 2024, the fruits and vegetables coatings market is evolving rapidly, driven by innovations and changing consumer preferences. The focus on extending shelf life, enhancing food safety, and promoting sustainability is shaping the latest trends in this dynamic industry. Rising Demand for Natural and Edible Coatings One of the most prominent trends in 2024 is the increasing demand for natural and edible coatings. Consumers are more health-conscious and environmentally aware than ever before, seeking products free from synthetic chemicals. Edible coatings made from natural substances like polysaccharides, proteins, and lipids are becoming more popular. These coatings are not only safe for consumption but also effective in preserving the freshness and nutritional value of fruits and vegetables. Advancements in Nanotechnology Nanotechnology is making significant strides in the fruits and vegetablescoatings market . Nano-coatings involve the application of ultra-thin layers of ...
Read more

Passenger Boarding Bridges Market Research Report

Global Passenger Boarding Bridges Market The GMI Research forecasts that the Passenger Boarding Bridges Market is witnessing an upsurge in demand over the forecast period. This is mainly due to intensifying government support for development of airports, amplifying expenditure airside infrastructure by airport operators and constant investment by major market players. Request for a FREE Sample Report on Passenger Boarding Bridges Market Introduction of the Passenger Boarding Bridges Market Passenger Boarding Bridge (PBB) is an enclosed and elevated passageway which stretches from an airport terminal gate to an airplane. It is mainly used to offer a fast, effective, and safe way for the passenger to move while boarding. It is also used at seaport for loading and unloading the containers from sea to vessel. Key Players of the Global Passenger Boarding Bridges Market: UACJ Corporation Elvalhalcor Hellenic Copper and Aluminium Industry S.A. NALCO Aluminum Corporation Of China Conste...
Read more

Battery Energy Storage System Market Research Report

  Global Battery Energy Storage System Market by Element and by region   The GMI Research foresees that the Battery Energy Storage System Market will undergo an expansion in demand over the forecast period. This is because of the aggravating implementation of lithium-ion battery energy storage systems owing to their notable properties as well as the persistent demand for constant power storage systems in the acute infrastructure. Request for a FREE Sample Report on Battery Energy Storage System Market Battery Energy Storage System Market Introduction An energy storage system refers to a system implemented to preserve energy by implementing electromechanical, chemical, and thermal solutions. Also, the battery energy system is a sub-division of the energy storage system and primarily makes use of an electrochemical solution. The key features kept in mind while selecting a system are the cycling lifetime, self-discharge, response time, capital, operational, and maintenance...
Read more