Morocco Commercial Vehicles Market Forecast and Opportunities, 2020 - Improving Transportation Infrastructure & Increasing Demand for Heavy Duty Trucks
DUBLIN, July 17, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/n79tmf/morocco) has announced the addition of the "Morocco Commercial Vehicles Market Forecast and Opportunities, 2020" report to their offering.
Morocco'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 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.
Market Trends and Developments
- CKD Imports
- Improving Transportation Infrastructure
- Growing Investments
- Increasing Demand for Heavy Duty Trucks
Key Topics Covered:
1. Research Methodology
2. Product Overview
3. Analyst View
4. Morocco Automobile Market Overview
5. Morocco Commercial Vehicle Market Outlook
6. Morocco Truck Market Outlook
7. Morocco Truck Market - Market Dynamics
8. Morocco Bus Market Outlook
9. Morocco Bus Market - Market Dynamics
10. Morocco Light Commercial Vans Market Outlook
11. Morocco Light Commercial Vans Market - Market Dynamics
12. Policy and Regulatory Landscape
13. Import & Export Analysis
14. Market Trends and Developments
15. Morocco Economic Profile
16. Competitive Landscape
17. Strategic Recommendations
Companies Mentioned
- DAF Trucks - Hyundai Motor Company - IVECO - MAN Trucks - Mercedes-Benz Maroc - Mitsubishi FUSO Truck and Bus Corporation - Renault Maroc - Scania Maroc - Toyota Maroc - Volvo Maroc
For more information visit http://www.researchandmarkets.com/research/n79tmf/morocco
Media Contact:
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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