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Kiel Thompson
The “Morocco Automotive Market” Research Report provides internal and external data and expert surveys in the Morocco Automotive industry. This report has commitments to market factors, Morocco Automotive market drivers, constraints, difficulties, patterns and market factors for which disclosure is broadly described.
Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.
Morocco Automotive Market Report Also Covers Marketing Strategy Analysis, Top Manufacturers:
- Renault-Nissan
- Ford Motor Company
- Peugeot
- Hyundai Motor Company
- Fiat S.p.A
- Dacia
- Volkswagen
- Mercedes-Benz
- BMW
- Audi
- Denso Corporation
- Delphi Automotive Systems
- Saint-Gobain PAM
- Induver Maroc Vitres
- Lear CorporationGet a Sample Copy of the Report – https://www.industryresearch.co/enquiry/request-sample/14275461Market Overview:
- The Morocco Automotive Industry is expected to grow at a CAGR of 5.6% during the forecast period 2019-2024.
- The increase in investment from leading automakers in the African region and incentives offered by the government is majorly driving the automotive market in Morocco. The automotive production capacity is expected to be doubled by the end of 2022, to reach 160,000 vehicles a year.
- Additionally, Morocco’s integration into the global economy was facilitated by the signing of numerous automotive free trade agreements with the European Union and the United States. These trade agreements contributed positively to the emergence of auto export activities in the country. For instance, in 2007, an agreement was formed between Morocco and Renault-Nissan Group, which resulted in a vast expansion of the company’s engagement in the country, by creating an environment-friendly production site in Tangier costing more than EUR 600 million.Scope of the Report:
- The Moroccan automotive industry has been segmented by vehicle type.
- Key questions answered in the report include:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the global Morocco Automotive market?
- What are the key market trends impacting the growth of the global Morocco Automotive market?
- What are the challenges to market growth?
- Who are the key vendors in the global Morocco Automotive market?
- What are the market opportunities and threats faced by the vendors in the global Morocco Automotive market?
- Trending factors influencing the market shares of the relevant regions.
- What are the key outcomes of the five forces analysis of the global Morocco Automotive market?
Enquire Before Purchasing this Report – https://www.industryresearch.co/enquiry/pre-order-enquiry/14275461
Market Dynamics: –
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
The report provides key statistics on the market status of the Morocco Automotive Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Morocco Automotive .
Key Market Trends:
Foreign Investments from Leading Auto Manufacturers
Foreign direct investment has been continually increasing as companies are attracted towards the country’s favorable economic conditions, government support through their initiatives (such as tax exemptions for the first 5 years, VAT exemptions, and land purchase subsidies), skilled workforce, and modern infrastructure.
– Some of the recent investments in Morocco’s automotive sector include PSA Peugeot Citroen’s investment of USD 615 million for setting up their manufacturing facility, which is expected to be operational in 2019.
– The company aims to manufacture 90,000 B-and C-segment passenger vehicles in a year and internal combustion engines (ICE) for passenger cars for both domestic and regional markets.
– Despite having a low population and sales of vehicles within the country, automobile manufacturers in Morocco made noteworthy exports to Europe, the Middle East, and Africa.
– Additionally, Morocco’s integration into the global economy was facilitated by the signing of numerous free trade agreements with the European Union and the United States. These trade agreements contributed positively to the emergence of export activities in the country.
– For instance, in 2007, an agreement was formed between Morocco and Renault-Nissan Group, resulted in a vast expansion of the company’s engagement in the country, by creating an environment-friendly production site in Tangier costing more than EUR 600 million.
– Additionally, in April 2016, an agreement was made between Morocco and the Renault Group to further expand Renault’s involvement and position in Morocco, which included the manufacturing of 450,000 vehicles in the country.Increasing Demand for Passenger Vehicles
The passenger cars segment witnessed a considerable increase of 4.11% rise in sales during 2017, reaching 155,218 units from its previous year.
During the Q1 of 2019, Dacia stood as the market leader with a 30.3% market share. Renault group in April 2019 has sold about 5,364 units of passenger cars and utility vehicles out of which Dacia alone contributed to 3,157 units. This was followed by Volkswagen with 11,810 units, Peugeot with 11,316 units and Hyundai with 9,882 units sold during 2018.
Morocco developed an investment cluster program, which saw Renault enter the local market. Renault will be the only global automaker assembling vehicles in the country until the arrival of Peugeot in 2019.
The demand for luxury cars has increased in 2018 as compared to the previous year. A total of 1,140 hybrid vehicles were sold in the same year as compared to 342 units in 2017. Luxury car manufacturers have also witnessed an increase in their sales. Mercedes-Benz sold 3,105 units and stood as the market leader in the luxury segment followed by BMW with 2,700 units and Audi with 2.572 units.
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Detailed TOC of Morocco Automotive Market Report 2019-2024:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Current Market Scenario
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness – Porter’s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 PESTEL Analysis
4.6 FDI in Morrocon Automotive Industry
4.7 Government Regulations and Incentives5 MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.1 Passenger Vehicles
5.1.2 Commercial Vehicles6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Automotive Vehicle Manufacturers
6.3.1.1 Renault-Nissan
6.3.1.2 Ford Motor Company
6.3.1.3 Peugeot
6.3.1.4 Hyundai Motor Company
6.3.1.5 Fiat S.p.A
6.3.1.6 Dacia
6.3.1.7 Volkswagen
6.3.1.8 Mercedes-Benz
6.3.1.9 BMW
6.3.1.10 Audi
6.3.2 Automotive Part Suppliers
6.3.2.1 Denso corporation
6.3.2.2 Delphi Automotive Systems
6.3.2.3 Saint-Gobain PAM
6.3.2.4 Induver Maroc Vitres
6.3.2.5 Lear Corporation7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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