Egypt Automobile Market By Vehicle Type (Two-Wheeler, Passenger Car, LCV, MCV, HCV), By Propulsion (ICE, Electric), By Transmission (Manual, Automatic), By Region, Competition Forecast & Opportunities, 2027

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Egypt automobile market is anticipated to register a lucrative growth over the forecast period, 2023-2027. The market growth can be attributed to the growing preference for vehicle ownership owing to inflating personal disposable income of the middle-class population. The automobile sector is one of the most significant sectors in Egypt and adds significantly to the country’s economy. However, Egypt automobile market is more focused on assembly operations rather than manufacturing vehicles. The country is home to around 6 million vehicles on the road, the majority of which are passenger cars, accounting for almost 4.6 million vehicles. Moreover, consumers are gradually shifting towards comfortable and safe transportation such as cars to meet their personal transportation needs. Moreover, the increasing investments and product launches by major original equipment manufacturers (OEMs) in the country are also adding to the market growth.

Increasing Shift Towards Cleaner Solutions Positively Adds to the Market Growth

In Egypt, most of the passenger cars are petrol-powered, while many commercial vehicles are highly reliant on the diesel engine. Hence, the government is introducing favorable policies to increase the adoption of fuel-efficient cars that result in low vehicular emissions and carbon footprint. For instance, the government is supporting the adoption of dual-fuel cars, which use both petrol and compressed natural gas (CNG). Approximately 300,000 vehicles in Egypt already now use CNG. Furthermore, the government of Egypt announced an initiative to encourage vehicle buyers to replace old vehicles with new ones operating on CNG engines with extended credit facilities among its green program incentives. Such programs are anticipated to provide a positive outlook to the automobile market in Egypt and increase the number of people buying cars in the country, hence adding to the country’s economic growth as well.

Government Subsidies On Electric Cars to Fuel the Market Growth

The expansion of the industrial sector, significant developments in logistics, and recovering economy of the country have resulted in increased demand for automobiles. Moreover, the increasing preferences for electric cars and the incentives and subsidies provided by the government to electric car buyers are creating a positive impact to the market. Moreover, the number of charging stations around the country is also increasing, and it is projected that Egypt will witness its first locally assembled electric vehicle in 2023. Such incentives are encouraging the buyers to opt for electric cars and are supporting the manufacturers to easily sell electric cars in the developing economy like Egypt. Apart from this, the country is home to notable local vehicle assemblers like GB Auto, General Motors Egypt, and Nissan. The presence of such leading market players is further catalyzing the market growth.


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Market Segmentation

The Egypt automobile market is segmented by vehicle type, propulsion, transmission, distribution channel, competitive landscape, and regional distribution. Based on the vehicle type, the market is divided between two-wheeler, passenger car, LCV, MCV, HCV. By propulsion, the market is segmented into ICE and electric. Based on transmission, the market is divided between manual and automatic. The market analysis also studies the regional segmentation, divided among Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt.                                                                                   

Company Profile

Nissan Motor Co., Ltd., Toyota Motor Corporation, Hyundai Motor Company, Volkswagen AG, General Motor Company, Stellantis, MAN SE, Yamaha Motor Co., Ltd., Sanyang Motor Co., Ltd., and Honda Motor Company, etc. are the leading market players of the Egypt automobile market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Vehicle Type

·         Propulsion

·         Transmission

Regional Scope

Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt                           

Key companies profiled

Nissan Motor Co., Ltd., Toyota Motor Corporation, Hyundai Motor Company, Volkswagen AG, General Motor Company, Stellantis, MAN SE, Yamaha Motor Co., Ltd., Sanyang Motor Co., Ltd., and Honda Motor Company

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Egypt automobile market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Egypt Automobile Market, By Vehicle Type:

o   Two-wheeler

o   Passenger car

o   LCV

o   MCV

o   HCV

  • Egypt Automobile Market, By Propulsion:

o   ICE

o   Electric

  • Egypt Automobile Market, By Transmission:

o   Manual

o   Automatic

·         Egypt Automobile Market, By Region:

o   Cairo

o   Alexandria

o   Giza

o   Qalyubia

o   Port Said

o   Suez

o   Rest of Egypt                         

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Egypt automobile market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Egypt automobile market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Egypt Automobile Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Egypt Automobile Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value and Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Two-Wheeler, Passenger Car, LCV, MCV, HCV)

6.2.2.     By Propulsion (ICE, Electric)

6.2.3.     By Transmission (Manual, Automatic)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Product Market Map (By Vehicle Type, By Region)

7.    Egypt Two-Wheeler Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value and Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Scooter, Motorcycle)

7.2.2.     By Propulsion

7.2.3.     By Transmission

7.3.  Product Benchmarking

8.    Egypt Passenger Car Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value and Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Hatchback, Sedan, SUV/MPV)

8.2.2.     By Propulsion

8.2.3.     By Transmission

8.3.  Product Benchmarking

9.    Egypt LCV Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value and Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type (Pick Up Truck, Van)

9.2.2.     By Propulsion

9.2.3.     By Transmission

9.3.  Product Benchmarking

10.  Egypt MCV Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value and Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type (Medium Truck, Medium Bus)

10.2.2.  By Propulsion

10.2.3.  By Transmission

10.3.              Product Benchmarking

11.  Egypt HCV Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value and Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type (Heavy Truck, Heavy Bus)

11.2.2.  By Propulsion

11.2.3.  By Transmission

11.3.              Product Benchmarking

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends and Developments

14.  Policy & Regulatory Landscape

15.  Egypt Economic Profile

16.  Competitive Landscape

16.1.              Company Profiles (Partial List of Leading Companies)

16.1.1.  Nissan Motor Co., Ltd.

16.1.2.  Toyota Motor Corporation

16.1.3.  Hyundai Motor Company

16.1.4.  Volkswagen AG

16.1.5.  General Motor Company

16.1.6.  Stellantis

16.1.7.  MAN SE

16.1.8.  Yamaha Motor Co., Ltd.

16.1.9.  Sanyang Motor Co., Ltd.

16.1.10.      Honda Motor Company

17.  Strategic Recommendations

                                                                                             (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Inflating disposable income of the consumers along with the increasing demand for comfortable and safe transportation are primarily driving the growth of the Egypt automobile market.

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Nissan Motor Co., Ltd., Toyota Motor Corporation, Hyundai Motor Company, Volkswagen AG, General Motor Company, Stellantis, MAN SE, Yamaha Motor Co., Ltd., Sanyang Motor Co., Ltd., and Honda Motor Company, are the leading market players of the Egypt automobile market.

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High cost of vehicles particularly the manual cars may slow down the growth of the Egypt automobile market.

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Based on the vehicle type, the market is differentiated between two-wheeler, passenger car, LCV, MCV, HCV. Among these, the passenger car segment is anticipated to hold a prominent market share in the coming years. This can be attributed to the increasing per capita income of the consumers along with their propelling demand for convenient and safe transportation and the improving economic condition in the country.

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Srishti Verma

Business Consultant
Press Release

Egypt Automobile Market Projected to Register a Formidable Growth through 2027

Sep, 2022

Government initiatives to increase the adoption of energy efficient vehicles, rising standards of living and growing demand for comfortable transportation to drive the growth of the Egypt automobile

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