MOROCCO AUTOMOTIVE AFTERMARKET MARKET

Morocco Automotive Aftermarket present significant opportunities, with over millions of passenger vehicles are currently out of warranty in 2023, and the passenger cars with an out of warranty population is projected to grow at a robust CAGR from 2023-2031.

Morocco Automotive Aftermarket market Overview

Automotive industry is the 1st exporting industry in Morocco and hold 26th position in terms of vehicle production across the globe. Morocco has production capacity of 700,000 cars in a year and employs more than 220,000 people. In 2020, 250 companies were operating in the automotive industry in Morocco.  The country also signed agreements with more than 25 auto parts companies worth USD 1.5 billion to make Morocco as a international hub for automotive industry. This will further create more than 11,500 jobs opportunities.

Major Morocco Automotive Aftermarket market Drivers

Morocco Automotive Aftermarket market is expected to grow during the forecast period due to the favorable government initiatives to boost the overall automotive sector. Morocco government has taken various measures such as tax exemptions, skilled labor force, advanced infrastructure and land purchase subsidy  to attract the foreign investment in order to strengthen their position in the vehicle manufacturing. For instance, the country has granted two free zones in Tangier and Kenitra city for car manufacturing. Increased demand for the replacement parts such as gearbox, engine parts, filters, brake parts and others is further boosting the Morocco aftermarket auto parts.

Around 150 thousand cars are sold in Morocco every year, despite having a population of 36 million and have a 112 registered vehicles for every thousand people, this is relatively low compared to developed countries. Increasing production and exports along with the advanced manufacturing establishment is paving way to make the country an international automotive hub. As the automotive industry continues to evolve, the automotive aftermarket in Morocco will thrive in next seven years. As per the OICA, Morocco reported 143,265 units new passenger vehicles and 18,144 units new commercial vehicles were sold in 2022. Morocco passenger car sales grew by 1.4% YoY in 2023, the market growth is resilient despite the devastating earthquake due to which 3000 peoples were killed in 2023. The positive auto industry growth outlook is projected to drive the Morocco Automotive Aftermarket market in coming years.

Morocco Automotive industry is consolidated and dominated by few players like Renault, Dacia, Nissan, Peugeot, Hyundai etc. Dacia Logan and Renault Kangoo Express are two top best selling models in Morocco.

Segments covered in the Report:

The Morocco Automotive Aftermarket market has been segmented on the basis of vehicle type, certification and replacement part. By replacement parts, the market is segmented into Clutch Parts, brake parts, tire, filters, Lighting Components, battery, electronic components, Engine Components, Lubricants, and others. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. Based on certification, the market has been segmented into Certified Parts, Counterfeit Parts, Genuine Parts, Others.

Market Segmentation

Morocco Automotive Aftermarket by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

Morocco Automotive Aftermarket by Replacement Parts

• • Tire
  • Battery
  • Brake Parts
  • Filters
    • Air Filter​
    • Oil Filter​
    • Others​
  • Lighting Components​
  • Electroniccomponents​
  • Lubricants​
  • Clutch Parts​
  • Engine Components
    • Timing Belt​
    • Spark Plugs​
    • Others​
  • Others

Morocco Automotive Aftermarket by Certification

• • Genuine Parts
  • Certified Parts
  • Counterfeit Parts
  • Others