Market Forecast by Types (Crane, Bulldozer and Construction Tractor, Earthmoving Equipment, Material Handling Equipment, Dump Truck, Aerial Work Platform, Road Construction Equipment), by Applications (Construction, Mining, Oil & Gas, Others (Municipality, Road Construction, etc.))And Competitive Landscape
Product Code: ETC4377993 | Publication Date: Feb 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 90 | No. of Figures: 24 | No. of Tables: 21 |
The Morocco Construction Equipment Market is estimated to grow at a rapid pace during the forecast period. However, the industry in 2020 observed decline due to pandemic as the economic were halted to curb the spread of COVID as the government enforced lockdown therefore, the construction activities were stopped, and the construction industry recorded decline of 3.8% in real terms thereby declining the demand for construction equipment in Morocco.
The market started to recover slightly in 2021 as the effect of the pandemic subsided and the construction industry registered growth of 10.6% in real terms in 2021. Furthermore, in 2022, 18 hotel projects comprising of 2,743 rooms opened that led to increase in demand for construction equipment in the period 2021-22.
According to 6Wresearch, Morocco Construction Equipment Market revenue size is anticipated to grow at a CAGR of 5.7% during 2023-2029. The $4.16 billion annual infrastructure budget announced in 2020 till 2030 by Ministry of Equipment, Transport, Logistics, and Water is expected to drive the market for construction equipment in Morocco. The initiatives such as Airports Development 2030, 2040 Rail strategy along with the construction of hotel projects such as Waldorf Astoria Tanger, Lincoln Casablanca would grow the Morocco construction equipment market in the upcoming years. In the upcoming years, the Morocco construction equipment market is expected to witness growth on the back of construction of hotels such as Waldorf Astoria Tanger, DoubleTree by Hilton Ben Guerirour Seasons Hotel Rabat. Moreover, in 2020, The Ministry of Equipment, Transport, Logistics, and Water of Morocco approved a $4.16 billion yearly infrastructure budget till 2030 that would further boost the market for construction equipment in Morocco.
The majority of Morocco Construction Equipment Industry which is a key part of Africa Construction Equipment Market rely on outdated equipment that have an average lifecycle of 9 years however, the machinery used in Morocco are quite old. The demand for old machines in Morocco also gains prominence as old machines are much cheaper compared to the newer construction machines. Moreover, in Morocco there is absence of regulatory framework to monitor the old equipment used in the construction sector therefore the construction equipment even after they become obsolete are still being used. Henceforth, the sale of the new construction equipment would suffer in Morocco.
Cconstruction equipment market in Morocco in 2022 in terms of revenue was dominated by earth moving equipment on the back of Tiznit-Dakhla highway project that is under construction and expected to be completed by 2023.
Material handling equipment acquired the maximum volume share in 2022 on the back of rise in infrastructure projects including hotels, roads etc.
Construction is expected to achieve maximum growth in the forecasted period owing to the construction of highways, strong hotel pipeline, commercial buildings. The upcoming hospitality projects such as Waldorf Astoria Tanger, Lincoln Casablanca would further grow the revenue share of construction sector in the subsequent years.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Morocco Construction Equipment Market Overview |
3.1 Morocco Construction Equipment Market Revenues and Volume, 2019-2029F |
3.2 Morocco Construction Equipment Market - Industry Life Cycle |
3.3 Morocco Construction Equipment Market - Porter’s Five Forces |
4. Morocco Construction Equipment Market COVID-19 Impact Analysis |
5. Morocco Construction Equipment Market Dynamics |
5.1 Impact Analysis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Morocco Construction Equipment Market Trends |
7. Morocco Construction Equipment Market Overview, By Types |
7.1 Morocco Construction Equipment Market Revenue Share and Volume Share, By Types, 2022 & 2029F |
7.2 Morocco Construction Equipment Market Revenues, By Types |
7.2.1 Morocco Construction Equipment Market Revenues, By Mobile Crane, 2019-2029F |
7.2.2 Morocco Construction Equipment Market Revenues, By Construction Tractors / Bulldozers, 2019-2029F |
7.2.3 Morocco Construction Equipment Market Revenues, By Earth Moving Equipment, 2019-2029F |
7.2.4 Morocco Construction Equipment Market Revenues, By Material Handling Equipment, 2019-2029F |
7.2.5 Morocco Construction Equipment Market Revenues, By Dump Truck, 2019-2029F |
7.2.6 Morocco Construction Equipment Market Revenues, By Aerial Work Platform, 2019-2029F |
7.2.7 Morocco Construction Equipment Market Revenues, By Road Construction Equipment, 2019-2029F |
7.3 Morocco Construction Equipment Market Volume, By Types |
7.3.1 Morocco Construction Equipment Market Volume, By Mobile Crane, 2019-2029F |
7.3.2 Morocco Construction Equipment Market Volume, By Construction Tractors / Bulldozers, 2019-2029F |
7.3.3 Morocco Construction Equipment Market Volume, By Earth Moving Equipment, 2019-2029F |
7.3.4 Morocco Construction Equipment Market Volume, By Material Handling Equipment, 2019-2029F |
7.3.5 Morocco Construction Equipment Market Volume, By Dump Truck, 2019-2029F |
7.3.6 Morocco Construction Equipment Market Volume, By Aerial Work Platform, 2019-2029F |
7.3.7 Morocco Construction Equipment Market Volume, By Road Construction Equipment, 2019-2029F |
8. Morocco Construction Equipment Market Overview, By Cranes |
8.1 Morocco Cranes Revenue Share and Revenues, 2019-2029F |
8.1.1 Morocco Cranes Market Revenues, By Mobile Crane, 2019-2029F |
8.1.2 Morocco Cranes Market Revenues, By Tower Crane, 2019-2029F |
8.1.3 Morocco Earth Moving Equipment Market Revenues, By Crawler Crane, 2019-2029F |
8.2 Morocco Cranes Volume Share and Volume, 2019-2029FF |
8.2.1 Morocco Cranes Market Volume, By Mobile Crane, 2019-2029F |
8.2.2 Morocco Cranes Market Volume, By Tower Crane, 2019-2029F |
8.2.3 Morocco Earth Moving Equipment Market Revenues, By Crawler Crane, 2019-2029F |
9. Morocco Construction Equipment Market Overview, By Earth Moving Equipment |
9.1 Morocco Earth Moving Equipment Revenue Share and Revenues, 2019-2029F |
9.1.1 Morocco Earth Moving Equipment Market Revenues, By Loader, 2019-2029F |
9.1.2 Morocco Earth Moving Equipment Market Revenues, By Excavator, 2019-2029F |
9.1.3 Morocco Earth Moving Equipment Market Revenues, By Motor Grader, 2019-2029F |
9.2 Morocco Earth Moving Equipment Market Revenue Share and Revenues, By Loader, 2019-2029F |
9.2.1 Morocco Loader Market Revenues, By Wheeled Loader, 2019-2029F |
9.2.2 Morocco Loader Market Revenues, By Skid Steer Loader, 2019-2029F |
9.2.3 Morocco Loader Market Revenues, By Backhoe Loader, 2019-2029F |
9.2.4 Morocco Loader Market Revenues, By Compact Track Loader, 2019-2029F |
9.3 Morocco Earth Moving Equipment Market Revenue Share and Revenues, By Excavators, 2019-2029F |
9.3.1 Morocco Excavator Market Revenues, By Tracked Excavator, 2019-2029F |
9.3.2 Morocco Excavator Market Revenues, By Wheeled Excavator, 2019-2029F |
9.3.3 Morocco Excavator Market Revenues, By Mini Excavator, 2019-2029F |
9.4 Morocco Earth Moving Equipment Volume Share and Volume, 2019-2029F |
9.4.1 Morocco Earth Moving Equipment Market Volume By Loader, 2019-2029F |
9.4.2 Morocco Earth Moving Equipment Market Volume, By Excavator, 2019-2029F |
9.4.3 Morocco Earth Moving Equipment Market Volume, By Motor Grader, 2019-2029F |
9.5 Morocco Loader Volume Share and Volume, 2019-2029F |
9.5.1 Morocco Loader Market Volume, By Wheeled Loader, 2019-2029F |
9.5.2 Morocco Loader Market Volume, By Skid Steer Loader, 2019-2029F |
9.5.3 Morocco Loader Market Volume, By Backhoe Loader, 2019-2029F |
9.5.4 Morocco Loader Market Volume, By Compact Track Loader, 2019-2029F |
9.6 Morocco Earth Moving Equipment Market Volume Share and Volume, By Excavators, 2019-2029F |
9.6.1 Morocco Excavator Market Volume, By Tracked Excavator, 2019-2029F |
9.6.2 Morocco Excavator Market Volume, By Wheeled Excavator, 2019-2029F |
9.6.3 Morocco Excavator Market Volume, By Mini Excavator, 2019-2029F |
10. Morocco Construction Equipment Market Overview, By Material Handling Equipment |
10.1 Morocco Material Handling Equipment Revenue Share and Revenues, 2019-2029F |
10.1.1 Morocco Material Handling Market Revenues, By Forklift, 2019-2029F |
10.1.2 Morocco Material Handling Market Revenues, By Telescopic Handler, 2019-2029F |
10.2 Morocco Material Handling Equipment Volume Share and Volume, 2019-2029F |
10.2.1 Morocco Material Handling Market Volume, By Forklift, 2019-2029F |
10.2.2 Morocco Material Handling Market Volume, By Telescopic Handler, 2019-2029F |
11. Morocco Construction Equipment Market Overview, By Aerial Equipment |
11.1 Morocco Aerial Equipment Revenue Share and Revenues, 2019-2029F |
11.1.1 Morocco Aerial Equipment Revenues, By Telescopic Handler, 2019-2029F |
11.1.2 Morocco Aerial Equipment Revenues, By Articulated Boomlift, 2019-2029F |
11.1.3 Morocco Aerial Equipment Revenues, By Scissor Lift, 2019-2029F |
11.2 Morocco Aerial Equipment Volume Share and Volume, 2019-2029F |
11.2.1 Morocco Aerial Equipment Volume, By Telescopic Handler, 2019-2029F |
11.2.2 Morocco Aerial Equipment Volume, By Articulated Boomlift, 2019-2029F |
11.2.3 Morocco Aerial Equipment Volume, By Scissor Lift, 2019-2029F |
12. Morocco Construction Equipment Market Overview, By Road Construction Equipment |
12.1 Morocco Road Construction Equipment Revenue Share and Revenues, 2019-2029F |
12.1.1 Morocco Road Construction Equipment Revenues, By Pavers, 2019-2029F |
12.1.2 Morocco Road Construction Equipment Revenues, By Road Rollers, 2019-2029F |
12.2 Morocco Road Construction Equipment Volume Share and Volume, 2019-2029F |
12.2.1 Morocco Road Construction Equipment Volume, By Pavers, 2019-2029F |
12.2.2 Morocco Road Construction Equipment Volume, By Road Rollers, 2019-2029F |
13. Morocco Construction Equipment Market Overview, By Applications |
13.1 Morocco Construction Equipment Market Revenues, By Applications, 2019-2029F |
13.1.1 Morocco Construction Equipment Market Revenues, By Construction, 2019-2029F |
13.1.2 Morocco Construction Equipment Market Revenues, By Mining, 2019-2029F |
13.1.3 Morocco Construction Equipment Market Revenues, By Oil & Gas, 2019-2029F |
13.1.4 Morocco Construction Equipment Market Revenues, By Others, 2019-2029F |
14. Morocco Construction Equipment Market – Key Performance Indicators |
15. Morocco Construction Equipment Market – Opportunity Assessment |
15.1 Morocco Construction Equipment Market Opportunity Assessment, By Types |
15.2 Morocco Construction Equipment Market Opportunity Assessment, By Applications |
16. Morocco Construction Equipment Market – Competitive Landscape |
16.1 Morocco Construction Equipment Market Company Ranking, By Companies, 2022 |
16.2 Morocco Construction Equipment Market Competitive Benchmarking, By Operating Parameters |
17. Company Profiles |
17.1 Caterpillar Inc. |
17.2 Komatsu Ltd. |
17.3 Volvo Construction Equipment |
17.4 Hyundai Doosan Infracore Co., Ltd. |
17.5 Sany Group |
17.6 Joseph Cyril Bamford Excavators Ltd. |
17.7 Hitachi Construction Machinery Co., Ltd. |
17.8 Kalmar Global |
17.9 Liebherr Group |
18. Key Strategic Recommendations |
19. Disclaimer |
List of Figures |
1. Morocco Construction Equipment Market Revenues and Volume, 2019-2029F ($ Million, Units) |
2. Morocco Construction Equipment Market Revenue Share, By Types, 2022 & 2029F |
3. Morocco Construction Equipment Market Volume Share, By Types, 2022 & 2029F |
4. Morocco Construction Equipment Market Revenue Share, By Crane, 2022 & 2029F |
5. Morocco Construction Equipment Market Volume Share, By Crane,2022 & 2029F |
6. Morocco Construction Equipment Market Revenue Share, By Earth Moving Equipment, 2022 & 2029F |
7. Morocco Construction Equipment Market Revenue Share, By Loaders, 2022 & 2029F |
8. Morocco Construction Equipment Market Revenue Share, By Excavators, 2022 & 2029F |
9. Morocco Construction Equipment Market Revenue Share, By Earth Moving Equipment, 2022 & 2029F |
10. Morocco Construction Equipment Market Volume Share, By Loaders, 2022 & 2029F |
11. Morocco Construction Equipment Market Volume Share, By Excavators, 2022 & 2029F |
12. Morocco Construction Equipment Market Revenue Share, By Material Handling Equipment, 2022 & 2029F |
13. Morocco Construction Equipment Market Volume Share, By Material Handling Equipment,2022 & 2029F |
14. Morocco Construction Equipment Market Revenue Share, By Material Handling Equipment, 2022 & 2029F |
15. Morocco Construction Equipment Market Volume Share, By Aerial Equipment, 2022 & 2029F |
16. Morocco Construction Equipment Market Revenue Share, By Road Construction Equipment, 2022 & 2029F |
17. Morocco Construction Equipment Market Volume Share, By Road Construction Equipment, 2022 & 2029F |
18. Morocco Construction Equipment Market Revenue Share, By Applications, 2021 & 2028F |
19. Morocco Road Infrastructure Investment, 2020-2040F ($ Billion) |
20. Morocco Airport Infrastructure Investment, 2020-2040F ($ Million) |
21. Export Value of Phosphate in Morocco, 2018-2021, ($Million) |
22. Morocco Construction Equipment Market Opportunity Assessment, By Types, 2029F |
23. Morocco Construction Equipment Market Opportunity Assessment, By Applications, 2029F |
24. Morocco Construction Equipment Market Company Rankings, By Companies, 2022 |
List of Tables |
1. Morocco Upcoming Hospitality Sector Projects |
2. Morocco Upcoming Infrastructure Projects |
3. Morocco Construction Equipment Market Revenues, By Types, 2019-2029F ($ Million) |
4. Morocco Construction Equipment Market Volume, By Types, 2019-2029F (Units) |
5. Morocco Construction Equipment Market Revenues, By Crane, 2019-2029F ($ Million) |
6. Morocco Construction Equipment Market Volume, By Crane, 2019-2029F (Units) |
7. Morocco Construction Equipment Market Revenues, By Earth Moving Equipment, 2019-2029F ($ Million) |
8. Morocco Construction Equipment Market Revenue Share, By Loaders, 2022 & 2029F |
9. Morocco Construction Equipment Market Revenues, By Excavators, 2019-2029F ($ Million) |
10. Morocco Construction Equipment Market Volume, By Earth Moving Equipment, 2019-2029 (Units) |
11. Morocco Construction Equipment Market Volume, By Loaders, 2019-2029F (Units) |
12. Morocco Construction Equipment Market Volume, By Excavators, 2019-2029F (Units) |
13. Morocco Construction Equipment Market Revenues, By Material Handling Equipment, 2019-2029F ($ Million) |
14. Morocco Construction Equipment Market Volume, By Material Handling Equipment, 2019-2029F (Units) |
15. Morocco Construction Equipment Market Revenues, By Material Handling Equipment, 2019-2029F ($ Million) |
16. Morocco Construction Equipment Market Volume, By Aerial Equipment, 2019-2029F (Units) |
17. Morocco Construction Equipment Market Revenues, By Road Construction Equipment, 2019-2029F ($ Million) |
18. Morocco Construction Equipment Market Volume, By Road Construction Equipment, 2019-2029F (Units) |
19. Morocco Construction Equipment Market Revenues, By Applications, 2019-2029F ($ Million) |
20. Morocco Major Construction Projects |
21. Upcoming Mining Plans in Morocco |