Morocco Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Morocco Construction Market Overview
The Morocco construction market size was $19.7 billion in 2023. The market is projected to achieve an AAGR of more than 3% during 2025-2028. The growth of the market is attributed to investments in rail transportation, water infrastructure, energy sectors, and the government’s housing support program.
Morocco Construction Market Outlook, 2023-2028 ($ Billion)
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The Morocco construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Morocco construction market growth in the coming years.
Market Size (2023) | $19.7 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Societe Generale des Travaux du Maroc – SA
· STAM · Vinci SA · Shanghai Electric Group Corp · CAPEP |
Key Consultants | · WSP Global Inc
· Bechtel Group Inc · Worley Ltd · Lombardi Engineering Ltd · GEODATA SpA |
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Morocco Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Morocco construction market in 2023
The key sectors in the Morocco construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Investments in the leisure and hospitality retail stadium and office buildings will drive the commercial sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. Investments in the manufacturing and automotive sectors will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s investments in rail and road infrastructure projects will support the infrastructure sector’s output over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investments in water, electricity, and oil and gas projects will drive the sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Public investments in healthcare and educational sectors will fuel the growth of the institutional construction sector during the forecast period. Furthermore, the African Development Bank approved substantial funds in June 2023, to support the government’s commitment of implementing the “Health 2025” Plan to improve people’s access to quality healthcare. Through this investment, the government plans to construct the new Guelmim Regional Hospital and renovate the Fkih Ben Salah Provincial Hospital, construct the Beni-Mellal Regional Hospital Center and the Azilal Provincial Hospital Center, and equip the Fkih Ben Salah Provincial Hospital Center.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The government’s housing support program to provide affordable homes to the poor people in the country will support the sector output over the forecast period. However, considering the rising interest rates and rigid lending criteria set by the BAM, the demand for housing loans in the country could reduce in the coming quarters.
Morocco Construction Market Analysis by Sectors, 2023 (%)
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Morocco Construction Market - Competitive Landscape
Societe Generale des Travaux du Maroc – SA emerged as the leading contractor and WSP Global Inc as the leading consultant in the Morocco construction market in 2023
A few of the leading contractors in the Morocco construction market are:
- Societe Generale des Travaux du Maroc – SA
- STAM
- Vinci SA
- Shanghai Electric Group Corp
- CAPEP
Domestic contractors account for most of the project pipeline in the Morocco construction market.
Morocco Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Morocco construction market are:
- WSP Global Inc
- Bechtel Group Inc
- Worley Ltd
- Lombardi Engineering Ltd
- GEODATA SpA
Consultants with a headquarter outside Morocco are involved in most of the project pipeline by value.
Morocco Construction Market Analysis by Consultants, 2023 (%)
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Morocco Construction Market - Latest Developments
- The lineup for the largest commercial projects currently in pipeline includes the Expansion of Ibn Batouta Stadium Project. The project involves the construction of a football stadium, food courts, a spectator stand, ticket counters, and other associated facilities.
- The industrial construction project pipeline includes the White Dunes Project, which involves the construction of a green hydrogen production plant, a 10GW wind farm, a 7GW solar farm, processing units, storage units, and associated facilities.
Segments Covered in the Report
Morocco Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Morocco.
- Historical and forecast valuations of the construction industry in Morocco, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
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Frequently asked questions
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What was the construction market size in Morocco in 2023?
The construction market size in Morocco was $19.7 billion in 2023.
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What will the Morocco construction market growth rate be during the forecast period?
The construction market in Morocco is projected to achieve an AAGR of more than 3% during 2025-2028.
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Which sector accounted for the highest share of the Morocco construction market in 2023?
The residential construction sector accounted for the highest market share in the Morocco construction market in 2023.
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Which are the leading contractors in the Morocco construction market?
A few of the leading contractors in the Morocco construction market are Societe Generale des Travaux du Maroc – SA, STAM, Vinci SA, Shanghai Electric Group Corp, and CAPEP, among others.
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Which are the leading consultants in the Morocco construction market?
A few of the leading consultants in the Morocco construction market are WSP Global Inc., Bechtel Group Inc, Worley Ltd, Lombardi Engineering Ltd, and GEODATA SpA, among others.
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