Morocco Commercial Vehicles Market Forecast and Opportunities, 2020
Morocco is one of the emerging automobile markets in North Africa. The Automobile Industry in Morocco is highly dependent on CKD (Completely Knocked Down) imports due to minimal domestic automobile production in the country. Growing infrastructure projects including construction of roads, bridges and ports; increasing government focus on attracting new investments in the automotive sector; continuing growth in tourism, rising free trade agreements with Europe and other countries are the major factors driving Morocco’s commercial vehicle market. Over the last few years, Moroccan government has been focusing on implementing favorable policies for automobile investors by easing procedures and providing better protection to private operators by introducing new laws aimed at boosting investments in the automotive sector. All these factors are expected to have a huge positive impact on the country’s commercial vehicle market in the long term.
According to “Morocco Commercial Vehicles Market Forecast & Opportunities, 2020”, the country’s commercial vehicle market is projected to witness a CAGR of around 5% during 2015-20. In volume terms, Light Commercial Vehicles (LCV) hold the majority share among all the commercial vehicles and are the most widely used in the country, followed by Medium Heavy Commercial Vehicles (MHCVs) and Buses. Nevertheless, the sale for heavy duty trucks is rising in Morocco, as a result of surging demand for trucks from mining and construction sectors. Mitsubishi, Iveco, Hino, Mercedes Benz, Volvo, Hyundai, Isuzu Motors and Scania are the leading players operating in Morocco’s commercial vehicles market. “Morocco Commercial Vehicles Market Forecast & Opportunities, 2020” report elaborates following particulars about the commercial vehicles market in Morocco:
Segmental Analysis - By Vehicle Type (Trucks, Buses &Vans)
Policy & Regulatory Landscape
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
To gain an in-depth understanding of commercial vehicles market in Morocco
To identify the on-going trends and anticipated growth in the coming years
To help industry consultants, commercial vehicle manufacturers and channel partners to align their market-centric strategies
To obtain research-based business decisions and add weight to presentations and marketing material
To gain competitive knowledge of leading players
To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with commercial vehicle manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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1. Toyota Maroc 2. Renault Maroc 3. Scania Maroc 4. Volvo Maroc 5. Mitsubishi FUSO Truck and Bus Corporation 6. Mercedes-Benz Maroc 7. IVECO 8. DAF Trucks 9. Hyundai Motor Company 10. MAN Trucks