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Report Description

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Nigeria Two-Wheeler Market By Vehicle Type (Scooter/Moped, Motorcycle) By Propulsion Type Market Share Analysis (ICE and Electric) By Region Competition Forecast & Opportunities, 2018- 2028F

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Nigeria Two-Wheeler Market is anticipated to grow with the rapid CAGR in the upcoming years. Nigeria Two Wheeler market is growing due to the usage of two wheeler for the daily travel purpose and due to the maneuverability of the two wheeler in the road congestion, Furthermore the rising urbanization in the country is further propelling the rise of the Nigeria Two Wheeler. Furthermore, the high fuel efficiency, low maintenance costs, and rising adoption of two wheelers in last mile deliveries boost the Nigeria two-wheeler market.

Key Developments

The Indian-made Unicorn 160 motorcycle was first introduced to Nigeria in 2023, by Honda Motorcycles. NGN 14,00,000 is the bike cost. The motorcycle is made in India and then imported for sale in Nigeria.

A new showroom and servicing facility were opened in Kano in 2020 by The Simba Group, the Nigerian distributor of TVS tricycles and motorbikes. The newest TVS motorcycles and trikes are displayed at this showroom.

In the Nigerian commercial motorcycle market in 2018, Yamaha Motor Nigeria Ltd. introduced the Yamaha Crux Rev Motorbike. The Blue Core engine, diamond frame chassis, LED headlamp, and elegant style of this bike, combine to provide excellent fuel efficiency.

Increasing Demand in Ride Hailing and Last Mile Delivery Services.