In 2023, Morocco's motorcycle parts market, excluding saddles, was valued at 35.155 million US dollars. The market has shown fluctuation over the years, with a notable decline between 2013 and 2016. However, from 2017, the market generally trended upwards. The year-on-year change for 2023 was a modest increase of 2.28%. Over the past five years, the market achieved a compound annual growth rate (CAGR) of 1.45% reflecting a period of stabilization and moderate growth.
Future trends to watch include:
- Increased demand for electric motorcycles parts due to a global shift towards sustainable transportation.
- Technological advancements in motorcycle parts, emphasizing efficiency and durability.
- Regulatory changes impacting manufacturing and importation, which could affect pricing and availability.
- Expanding middle class in Morocco, potentially boosting domestic demand for motorcycles and related parts.
How does Morocco rank in Motorcycle Parts (Except Saddles) Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 6,271,200,000 | 2023 | +0.87% | +0.89% | View data |
| 2 | 2 Germany | 2,381,600,000 | 2023 | +3.05% | +4.57% | View data |
| 3 | 3 France | 1,274,000,000 | 2023 | +0.088% | +0.44% | View data |
| 4 | 4 Mexico | 1,099,700,000 | 2023 | +5.25% | +4.91% | View data |
| 5 | 5 United Kingdom | 648,070,000 | 2023 | -2.3% | -2.54% | View data |
| 16 | 16 New Zealand | 60,181,000 | 2023 | +1.81% | +1.29% | View data |
| 17 | 17 Finland | 49,175,000 | 2023 | +3% | +1.79% | View data |
| 18 | 18 Morocco | 35,155,000 | 2023 | +2.28% | +1.45% | |
| 19 | 19 Costa Rica | 31,163,000 | 2023 | +2.35% | +3.65% | View data |
| 20 | 20 South Africa | 27,627,000 | 2023 | -11.56% | -7.67% | View data |
