What is the current Morocco Automotive Market size?

The Morocco Automotive Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029) Read More

Who are the key players in Morocco Automotive Market?

Toyota Motor Corporation, Volkswagen AG, Groupe Renault, Hyundai Motor Company and Ford Motor Company are the major companies operating in the Morocco Automotive Market. Read More

What years does this Morocco Automotive Market cover?

The report covers the Morocco Automotive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Morocco Automotive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges faced by the Moroccan Automotive Industry in terms of technology adoption?

The challenges faced by the Moroccan Automotive Industry in terms of technology adoption are a) Limitations in infrastructure b) Skilled workforce availability Read More

Morocco Automotive Market Analysis | Industry Growth, Size & Forecast Report

Morocco Automotive Market Analysis - Industry Growth, Size & Forecast Report (2024 - 2029)

The Report Covers Morocco Car Manufacturing & Production and the Market is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles) and Drive Type (Internal Combustion Engine, Plug-in Hybrid, and Battery Electric). The report offers market size and forecast for the Moroccan Automotive market in terms of value (in USD billion) for all the above segments.

Morocco Automotive Industry Overview

The Moroccan automotive industry is consolidated. Some of the key players in this market are Renault, Nissan, Peugeot, Volkswagen, and Dacia. The country attracted several investments from international automotive firms, such as Renault, Peugeot, and the Volkswagen group. For instance,

In March 2022, Morocco pushed to fulfill the rising demand from manufacturers of electric vehicles by signing new investment agreements totaling USD 180 million with five automotive cable providers.

According to the agreements, a new wiring plant worth USD 38 million will be built by the Japanese business Yazaki in Tangiers, and its current facilities in Kenitra and Tangier will be expanded for USD 40 million, a company spokesman stated during the signing ceremony.
The Japanese company Sumitomo also announced plans to invest USD 15 million in expanding its Casablanca electric harness facility.
Lear, a U.S. manufacturer of auto parts, announced during the same occasion that it will invest USD 20.6 million in a new terminals and connections plant in Tangier and USD 28 million in an electric cable plant in Meknes.