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Nigeria Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 8.64% during the forecast period 2024–30, the increasing fleet of ride-hailing companies is the key trend shaping the growth of the market.
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In 2024, the Nigerien motorcycle and scooter market decreased by -24.4% to $336M, falling for the fifth consecutive year after two years of growth. In general, consumption showed a drastic downturn. Motorcycle and scooter consumption peaked at $1.3B in 2019; however, from 2020 to 2024, consumption failed to regain momentum.
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Motorcycle and Bicycle Price in Nigeria - 2022. Find the latest marketing data on the IndexBox platform.
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Statistics illustrates consumption, production, prices, and trade of Motorcycles, Scooters and Side-Cars in Nigeria from 2007 to 2024.
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The Nigerien motorcycle, scooter and side-car market soared to $3.7B in 2024, picking up by 15% against the previous year. In general, consumption continues to indicate a strong increase. As a result, consumption attained the peak level of $4.5B. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.
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Price for Motorcycle, Scooter and Side-Car in Nigeria - 2022. Find the latest marketing data on the IndexBox platform.
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The Nigerien motorcycle or bicycle tyre market surged to $5.4M in 2024, with an increase of 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt contraction. As a result, consumption attained the peak level of $43M.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Price for Motorcycle or Bicycle Tyre in Nigeria - 2022. Find the latest marketing data on the IndexBox platform.
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Nigeria Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 8.64% during the forecast period 2024–30, the increasing fleet of ride-hailing companies is the key trend shaping the growth of the market.