Nigeria Construction Equipment Market (2025-2031) | Companies, Trends, Revenue, Share, Growth, Size, Forecast, Outlook, Value, Industry & Analysis

Name: Nigeria Construction Equipment Market | Size & Volume 2031
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Construction Equipment Market, Nigeria Construction Equipment Market , Nigeria Construction Equipment Market Forecast, Nigeria Construction Equipment Market Size, Nigeria Construction Equipment Market Revenue

Market Forecast by By Types (Mobile Cranes, Construction Tractors and Bulldozers, Earthmoving Equipment, Aerial Work Equipment, Material Handling Equipment, Dump Trucks, Road Construction Equipment), By Applications (Corporate Enterprise, Oil and Gas, Mining, Others (Municipality and Road Construction)) and Competitive Landscape

Product Code: ETC001945	Publication Date: Dec 2023	Updated Date: Sep 2025	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Nigeria Construction Equipment Market Growth Rate

According to 6Wresearch internal database and industry insights, the Nigeria Construction Equipment Market is projected to grow at a compound annual growth rate (CAGR) of 6.7% during the forecast period (2025-2031).

Nigeria Construction Equipment Market Highlights

Report Name	Nigeria Construction Equipment Market
Forecast period	2025-2031
CAGR	6.7%
Growing Sector	Infrastructure & Real Estate

Topics Covered in the Nigeria Construction Equipment Market Report

The Nigeria Construction Equipment Market report thoroughly covers the market by types and applications. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nigeria Construction Equipment Market Synopsis

Nigeria Construction Equipment Market is forecast to gain traction over the coming years on account of widespread infrastructure investments, growing urban population, and renewed public and private spending on roads, housing, and commercial projects. In addition to this, rapid growth of real estate developments in metropolitan areas, along with large-scale road and bridge projects, is propelling demand for both heavy and medium-duty equipment. Public-sector programs and donor-funded projects aimed at improving transport and utilities are increasing deployment of earthmoving and road-construction machinery. In addition to this, corporate enterprise projects are adopting modern material-handling and aerial work equipment, strengthening rental and after-sales service segments.

Evaluation of Growth Drivers in the Nigeria Construction Equipment Market

Below mentioned are some prominent drivers and their influence to the market dynamics:

Drivers	Primary Segments Affected	Why it matters (evidence)
Government Infrastructure Programmes	Road Construction Equipment; Earthmoving Equipment	Large-scale government projects for roads, bridges and urban renewal require sustained deployment of heavy machinery across the country.
Real Estate & Urbanization	Material Handling; Aerial Work Equipment; Dump Trucks	Rapid expansion of residential and commercial building activity in urban centres boosts demand for cranes, loaders and finishing equipment.
Oil & Gas Facility Upgrades	Mobile Cranes; Construction Tractors	Upgrading of upstream and midstream facilities necessitates heavy lifting and site-preparation equipment.
Mining & Quarrying Expansion	Dump Trucks; Earthmoving Equipment	Growth in solid-minerals mining and aggregate extraction increases demand for high-capacity haul and earthmoving machines.
Rental & Financing Solutions	All types, especially high-value equipment	Rise of rental companies and equipment financing reduces upfront investment barriers, accelerating fleet modernization.

Nigeria Construction Equipment Market is expected to witness enormous growth, registering a CAGR of 6.7% during the forecast period of 2025-2031. The market dynamics in Nigeria are fuelled by concerted public and private efforts to streamline infrastructure and expand the built environment. Apart from this, the maintenance of oil & gas sector and brownfield projects contribute demand for mobile cranes and specialized site machinery. Moreover, growing activity in mining and quarrying for aggregates and solid minerals is spurring purchases of robust earthmoving and haulage fleets.

Evaluation of Restraints in the Nigeria Construction Equipment Market

Below mentioned are some major restraints and their influence to the market dynamics:

Restraints	Primary Segments Affected	What this means (evidence)
Import Duties & Currency Volatility	All types; especially high-value equipment	High import taxes and naira fluctuation increase acquisition costs and dampen investment appetite.
Limited Local Servicing & Spare Parts	Heavy equipment (Above 50 tons)	Lack of widespread authorized service centres raises downtime and maintenance costs.
Fuel Price Volatility	Earthmoving & Haulage Equipment	Fluctuating diesel prices increase operating expenses and project budgets.
Access to Financing	Mid- to Large-size contractors	Trouble in securing affordable loans limits fleet development and replacement.
Regulatory & Compliance Hurdles	All types	Multifaceted regulatory requirements and permit processes can delay project timelines.

Nigeria Construction Equipment Market Challenges

Despite of robust growth, there are crucial hinderances faced by the Nigeria construction equipment industry. For instance, high import duties and customs clearance complexity raise the entry cost for OEMs and distributors, making new equipment expensive for local contractors. Another major barrier deterring the Nigeria Construction Equipment Market Growth is currency volatility and fluctuations in the naira increase unpredictability in capital expenditure planning.

Nigeria Construction Equipment Market Trends

Some of emerging trends shaping the market landscape are:

Equipment Rental & Contracting Models: Contractors increasingly prefer rental and lease-to-own models to avoid heavy CAPEX and access newer equipment.
Telematics & Smart Fleet Management: Adoption of GPS, telematics, and equipment monitoring for improved utilization and predictive maintenance.
Localized Aftermarket Development: Growth of local workshops and spare-parts supply chains to reduce downtime and lifecycle costs.
Fuel-Efficiency & Emission-aware Models: Manufacturers offer more fuel-efficient engines and emission-control options to lower operating costs and meet environmental pressures.
Modular & Compact Equipment: Demand for compact and modular machines for urban construction sites where space and accessibility are constrained.

Investment Opportunities in the Nigeria Construction Equipment Industry

There are several potential investment opportunities in the Nigeria Construction Equipment Market which includes:

Rental Services Expansion – Establishing specialized rental fleets and fleet-management services to cater to short-term projects and reduce contractor CAPEX. Explanation: The rental model addresses high capital costs and provides flexible access to modern machines, enabling faster project starts.
Aftermarket Parts & Service Networks – Investing in regional service centres and indigenous spare-parts manufacturing to lower downtime. Explanation: Improved service penetration reduces total cost of ownership and increases equipment uptime — a competitive advantage.
Fleet Telematics & Software – Offering telematics platforms for utilization analytics and predictive maintenance as a value-add. Explanation: Data-driven maintenance cuts operating costs and extends equipment life.
Local Assembly & CKD Operations – Setting up assembly or CKD (completely knocked down) lines to reduce import duty impact. Explanation: Local assembly can lower landed cost and create faster parts turnaround.
Hybrid & Fuel-efficient Machines – Introducing hybrid drive systems and fuel-optimized models suitable for long operating hours. Explanation: Lower fuel consumption directly reduces operating expenses for large construction and mining operations.

Top 5 Leading Players in the Nigeria Construction Equipment Market

Some leading players operating in the market include:

1. Komatsu Ltd.

Company Name	Komatsu Ltd.
Establishment Year	1921
Headquarter	Tokyo, Japan
Official Website	Click here

Komatsu is a multinational company that manufactures durable and advanced construction equipment, well-regarded for its technology and efficiency in Nigeria’s construction sector.

2. Hitachi Construction Machinery Co., Ltd.

Company Name	Hitachi Construction Machinery Co., Ltd.
Establishment Year	1970
Headquarter	Tokyo, Japan
Official Website	Click here

Hitachi provides high-performance excavators and wheel loaders, catering to large-scale infrastructure and urban development projects across Nigeria.

3. JCB (J.C. Bamford Excavators Ltd.)

Company Name	JCB (J.C. Bamford Excavators Ltd.)
Establishment Year	1945
Headquarter	Rocester, United Kingdom
Official Website	Click here

JCB is a prominent player in Nigeria, offering a strong lineup of backhoe loaders, excavators, and compact equipment known for reliability and cost-effectiveness.

4. Volvo Construction Equipment

Company Name	Volvo Construction Equipment
Establishment Year	1832
Headquarter	Gothenburg, Sweden
Official Website	Click here

Volvo CE is known for its advanced engineering, sustainable technology, and high-quality machinery, widely used in Nigeria’s road construction and heavy-duty projects.

5. Hyundai Construction Equipment

Company Name	Hyundai Construction Equipment
Establishment Year	1985
Headquarter	Seoul, South Korea
Official Website	Click here

Hyundai delivers excavators, wheel loaders, and material handling machines designed to meet the growing demand for efficient and affordable equipment in Nigeria.

Government Regulations & Initiatives in the Nigeria Construction Equipment Market

According to Nigerian Government Data, initiatives and regulatory frameworks in Nigeria shape the construction equipment landscape through infrastructure funding, standards, and incentive programs. Notable examples include federal- and state-level road rehabilitation and rural-transport projects that frequently allocate budgets for earthworks, bridges, and drainage — activities that drive demand for heavy equipment.

Public-private partnership (PPP) frameworks for highways, ports, and urban renewal projects encourage private-sector participation, thereby creating long-term equipment needs. Trade and industrial policies that support local content in large contracts influence procurement practices and encourage establishment of local service centres and assembly operations.

Future Insights of the Nigeria Construction Equipment Market

The Nigeria construction equipment market is poised for steady expansion driven by long-term infrastructure plans and private-sector real estate investments. Over the forecast period, a convergence of factors — increased availability of rental and financing solutions, gradual improvements in local servicing networks, and broader OEM focus on fuel-efficiency — will support replacement and fleet expansion. Urban regeneration projects and transport-sector upgrades will sustain demand for compact and heavy machinery alike, while mining and oilfield maintenance cycles create sporadic peaks for specialized equipment.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

By Types- Earthmoving Equipment to Dominate the Market

According to Shubhamdeep, Senior Research Analyst, 6Wresearch, Earthmoving equipment is projected to gain traction over the coming years due to their broad applicability across infrastructure, mining, quarrying, and civil construction projects. Excavators and loaders are essential for site preparation, foundation works, bulk earthworks, and material movement — tasks ubiquitous in road rehabilitation, housing projects, and commercial developments.

By Applications- Corporate Enterprise & Infrastructure to Dominate the Market

The corporate enterprise and infrastructure application segment leads the Nigeria Construction Equipment Market Share, propelled by rapid expansion in commercial real estate, logistics facilities, and urban infrastructure development. Large-scale shopping centres, warehousing hubs, office parks, and mixed-use developments require significant quantities of material-handling, aerial access, and earthmoving equipment for phased construction activities.

Key Attractiveness of the Report

10 Years of Market Numbers.
Historical Data Starting from 2021 to 2024.
Base Year: 2024
Forecast Data until 2031.
Key Performance Indicators Impacting the market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

Nigeria Construction Equipment Market Outlook
Market Size of Nigeria Construction Equipment Market, 2024
Forecast of Nigeria Construction Equipment Market, 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues & Volume for the Period 2021 - 2031
Nigeria Construction Equipment Market Trend Evolution
Nigeria Construction Equipment Market Drivers and Challenges
Nigeria Construction Equipment Price Trends
Nigeria Construction Equipment Porter's Five Forces
Nigeria Construction Equipment Industry Life Cycle
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Type for the Period2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and Volume by Cranes for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Application for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Mining for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Construction Equipment Market Revenues and volume by Others for the Period 2021 - 2031
Nigeria Construction Equipment Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Nigeria Construction Equipment Top Companies Market Share
Nigeria Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
Nigeria Construction Equipment Company Profiles
Nigeria Construction Equipment Key Strategic Recommendation

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Types

Mobile Cranes
Construction Tractors and Bulldozers
Earthmoving Equipment
Aerial Work Equipment
Material Handling Equipment
Dump Trucks
Road Construction Equipment

By Applications

Corporate Enterprise
Oil and Gas
Mining
Others (Municipality and Road Construction)

Nigeria Construction Equipment Market (2025-2031): FAQ

What is the growth outlook for the Nigeria Construction Equipment Market?

What are the key players in the Nigeria Construction Equipment Market?

Which application segment dominates the Nigeria Construction Equipment Industry?

What are the major challenges faced by the Nigeria Construction Equipment Market?

How does 6Wresearch market report help businesses in making strategic decisions?

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Nigeria Construction Equipment Market Overview

3.1 Nigeria Country Macro Economic Indicators

3.2 Nigeria Construction Equipment Market Revenues & Volume, 20201 & 2031F

3.3 Nigeria Construction Equipment Market - Industry Life Cycle

3.4 Nigeria Construction Equipment Market - Porter's Five Forces

3.5 Nigeria Construction Equipment Market Revenues & Volume Share, By Type, 20201 & 2031F

3.6 Nigeria Construction Equipment Market Revenues & Volume Share, By Application 20201 & 2031F

4 Nigeria Construction Equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Nigeria Construction Equipment Market Trends

6. Nigeria Construction Equipment Market , By Type

6.1 Nigeria Construction Equipment Market Revenues & Volume, By Mobile Cranes 20201 - 2031F

6.2 Nigeria Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 20201 - 2031F

6.3 Nigeria Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 20201 - 2031F

6.3 Nigeria Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 20201 - 2031F

6.3 Nigeria Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 20201 - 2031F

6.3 Nigeria Construction Equipment Market Revenues & Volume, By Dump Trucks, 20201 - 2031F

6.3 Nigeria Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 20201 - 2031F

7 Nigeria Construction Equipment Market , By Application

7.1 Nigeria Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 20201 - 2031F

7.2 Nigeria Construction Equipment Market Revenues & Volume, By Oil and Gas , 20201 - 2031F

7.3 Nigeria Construction Equipment Market Revenues & Volume, By Mining, 20201 - 2031F

8 Nigeria Construction Equipment Market Import-Export Trade Statistics

8.1 Nigeria Construction Equipment Market Export to Major Countries

8.2 Nigeria Construction Equipment Market Imports from Major Countries

9 Nigeria Construction Equipment Market Key Performance Indicators

10 Nigeria Construction Equipment Market - Opportunity Assessment

10.1 Nigeria Construction Equipment Market Opportunity Assessment, By Type, 2031

10.2 Nigeria Construction Equipment Market Opportunity Assessment, By Application, 2031

11 Nigeria Construction Equipment Market - Competitive Landscape

11.1 Nigeria Construction Equipment Market Revenue Share, By Companies, 2024

11.2 Nigeria Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters

12 Company Profiles

13 Recommendations

14 Disclaimer

Asia Construction Equipment Market

Asia Pacific (APAC) Construction Equipment Market

Croatia Construction Equipment Market

Cuba Construction Equipment Market

Cyprus Construction Equipment Market

Denmark Construction Equipment Market

Djibouti Construction Equipment Market

Europe Construction Equipment Market

Global Construction Equipment Market

Middle East Construction Equipment Market

2020 Apr 03 : Report

Market Forecast By Types (Mobile Cranes, Construction Tractor and Bulldozer, Earthmoving Equipment (Loaders, Excavators, Motor Grader)), Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment (Telescopic Handlers, Forklifts), Dump Trucks, Road Construction Equipment (Pavers, Road Rollers), By Applications (Corporate Enterprise, Oil and Gas, Mining), Others (Municipality and Road Construction) and Competitive Landscape

Product Code: ETC001945	Publication Date: Apr 2020	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Nigeria Construction Equipment Market is projected to grow over the coming years. Nigeria Construction Equipment Market report is a part of our periodical regional publication Africa Construction Equipment Market outlook report. 6W tracks Construction Equipment market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Construction Equipment Market outlook report annually.

Nigeria construction equipment market has witnessed growth over the past few years primarily due to the rising budget of the Nigerian federal government on infrastructural development projects, technological development as well as improvement in market conditions in Nigeria after the recession. However, the Nigerian market is likely to witness a slowdown in the economic activity in the first three quarters of 2020, mainly due to the outbreak of coronavirus pandemic which had a negative impact on the businesses worldwide. However, the market in Nigeria is expected to recover the economic scenario during the second half of 2020 and the construction equipment market in Nigeria is also likely to recover gradually by the end of 2020.

According to 6Wresearch, Nigeria Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is primarily driven by Nigerian government focus towards the overall infrastructure development plans and certain key initiatives such as housing to roads for around 200 million people in Nigeria and increasing the road budget to strengthen the transportation network in the country as well as implementing the Economic Recovery and Growth Plan (ERGP) to attain sustained economic growth in Nigeria. Additionally, the government is also enhancing the energy production capacity in the country which will bring investment in energy infrastructure projects. These initiatives will spur the demand for the construction equipment market in Nigeria during the forecast period.

In terms of equipment types, earthmoving equipment leads the overall Nigeria construction equipment market primarily due to increasing initiatives towards infrastructural development projects in the country. Additionally, cranes, road construction, and material handling equipment are registering the highest growth in Nigeria.

The Nigeria construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and regions. Nigeria construction equipment market outlook report provides an unbiased and detailed analysis of the on-going Nigeria construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nigeria construction equipment market is estimated to witness significant growth in the upcoming six years on the back of the growth of the agriculture sector owing to increase in the demand for construction equipment such as tractor and backhoe in performing various agriculture task which is expected to generate the lucrative opportunities in the market. Additionally, the rising government investments towards industrial infrastructure development especially in the construction sector which require equipment to ensure smooth work and would proliferate the growth of the Nigeria construction equipment market in the coming years.

Key Highlights of the Report

Nigeria Construction Equipment Market Overview
Nigeria Construction Equipment Market Outlook
Nigeria Construction Equipment Market Forecast
Historical Data of Nigeria Construction Equipment Market Revenues and Volumes for the Period 2016-2019.
Market Size & Forecast of Nigeria Construction Equipment Market Revenues and Volumes, Until 2026.
Historical Data of Nigeria Cranes Market for the Period 2016-2019.
Market Size & Forecast of Nigeria Cranes Market, Until 2026.
Historical Data of Nigeria Bull Dozers & Construction Tractors Market for the Period 2016-2019.
Market Size & Forecast of Nigeria Bull Dozers & Construction Tractors Market, Until 2026.
Historical Data of Nigeria Earth Moving Equipment Market for the Period 2016-2019.
Market Size & Forecast of Nigeria Earthmoving Equipment Market, Until 2026.
Historical Data of Nigeria Material Handling Market for the Period 2016-2019.
Market Size & Forecast of Nigeria Material Handling Market, Until 2026.
Historical Data of Nigeria Dump Trucks Market for the Period 2016-2019.
Market Size & Forecast of Nigeria Dump Trucks Market, Until 2026.
Historical Data of Nigeria Aerial Work Platform Market for the Period 2016-2019.
Market Size & Forecast of Nigeria Aerial Work Platform Market, Until 2026.
Historical Data of Nigeria Road Construction Equipment Market for the Period 2016-2019.
Market Size & Forecast of Nigeria Road Construction Equipment Market, Until 2026.
Historical Data of Nigeria Construction Equipment Market Revenues and Volumes, by Applications, for the Period 2016-2019
Market Size & Forecast of Nigeria Construction Equipment Market Revenues and Volumes, by Applications, Until 2026
Historical Data of Nigeria Construction Equipment Market Revenues and Volumes, by Regions, for the Period 2016-2019
Market Size & Forecast of Nigeria Construction Equipment Market Revenues and Volumes, by Regions, Until 2026
Market Drivers and Restraints
Nigeria Construction Equipment Market Trends and Industry Life Cycle
Porter’s Five Forces Analysis
Market Opportunity Assessment
Nigeria Construction Equipment Market Share, By Countries
Nigeria Construction Equipment Market Share, By Companies
Nigeria Construction Equipment Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Markets Covered

The Nigeria construction equipment market report provides a detailed analysis of the following market segments:

By Types:
- Mobile Cranes
- Construction Tractor and Bulldozer
- Earthmoving Equipment
  - Loaders
  - Excavators
  - Motor Grader
- Aerial Work Equipment
  - Articulated Boom Lifts
  - Telescopic Boom Lifts
  - Scissor Lifts
- Material Handling Equipment
  - Telescopic Handlers
  - Forklifts
- Dump Trucks
- Road Construction Equipment
  - Pavers
  - Road Rollers