Morocco Freight And Logistics Market Size (2024 - 2029)

Morocco Freight And Logistics Market Analysis

The Morocco Freight And Logistics Market size is estimated at USD 22.59 billion in 2024, and is expected to reach USD 30.38 billion by 2029, growing at a CAGR of 6.11% during the forecast period (2024-2029).

The road transport sector played a vital role during the COVID-19 pandemic in moving goods, supporting the operation of supply chains, repatriating citizens, and transporting people to their workplaces. Meanwhile, freight transport companies were affected to a lesser extent due to the collective efforts of the authorities and professionals in the sector to ensure the continuity of operations.

The political stability and geostrategic location offer a competitive advantage over other countries in northern Africa. The country receives the region's highest foreign direct (FDI) investments, with focused investments in manufacturing, real estate, and tourism.

Yet, FDIs in the transport and logistics sector are relatively limited in the country and account for less than 3% of total FDI. The geostrategic location of Morocco within Africa and the Mediterranean, the signing of free trade arrangements with the EU, USA, Turkey, and a rise in income per capita resulted in increased volumes of international trade during the past fifteen years.

The vast majority of Morocco's foreign trade comes by sea, making it crucial for further economic growth to invest in the country's commercial ports. Along with successful maritime, Morocco's air, rail, and road freight transport and logistics sectors have shown strong growth rates.

National Logistics Strategy 2030, an initiative that the government of Morocco introduced, focuses on decreasing logistics costs to contribute to higher GDP growth rates, reducing carbon dioxide emissions, and creating 36,000 jobs, which is anticipated to strengthen the logistics sector in the country.

Morocco Freight And Logistics Industry Segmentation

Freight and logistics refer to the transportation of goods through air, rail, and roadways. The logistics process is defined as the planning, implementation, and control of an efficient, effective flow and storage of goods, services, or related information from the point of origin to the point of consumption.

A complete background analysis of the Moroccan logistics market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.

The Moroccan logistics market is segmented by function (freight transport [road, shipping and inland water, air, and rail], freight forwarding, warehousing, value-added services, and other services) and end-user (manufacturing and automotive; oil and gas, mining, and quarrying; construction, distributive trade (wholesale and retail); healthcare and pharmaceutical, and other end users (chemicals, telecommunications, etc). The report offers market size and forecasts for all the above segments in value (USD).