Key Market Indicators
Moroccan Vehicle Registration is projected to surge to approximately 3.1 million units by 2028, up from nearly 1.7 million units in 2023. This represents an average annual growth rate of 9.3%. Since 2010, the Moroccan market has seen a significant year-on-year increase of 58%. In 2023, Morocco held the 25th position in the global ranking for vehicle registrations, with Norway slightly ahead at around 1.7 million units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth spots respectively. On the production front, Moroccan Vehicle Production is expected to climb to roughly 522,000 units by 2028, up from around 442,000 units in 2023. This marks an average annual growth rate of 2.7%. Since 2004, Morocco's vehicle supply has grown by almost 2% each year. In 2023, Morocco was again ranked 25th in vehicle production, with Romania just ahead at about 442,000 units. The United States, Japan, and Germany dominated the top three spots in this category.
