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.