Morocco Automotive Industry Market Report

The automotive industry in Morocco is a rapidly growing sector, serving as a cornerstone of the country's industrial strategy and economic development. As of 2023, the automotive sector is valued at approximately USD 10 billion, with vehicle manufacturing, parts production, and export activities being the primary components (source: Moroccan Ministry of Industry, Trade, and Green and Digital Economy).

The sector has seen an annual growth rate of 10% over the past five years, driven by foreign investments, government incentives, and the expansion of local supply chains. Morocco's GDP stood at USD 124 billion in 2022, with the automotive industry accounting for about 8% of the total (source: World Bank). The future growth potential of the sector is substantial, with projections indicating that the market could reach USD 20 billion by 2030, supported by ongoing investments and increased production capacity.

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