Egypt automobile rental market
is expected to register robust growth in the forecast period, 2023-2027. The
growing economic development and increased usage of luxury cars in business
trips by corporates across Egypt. The expanding tourism sector is also
supporting the market growth. People are spending extra to spend quality time
with their families. The ongoing digital revolution has hugely impacted the car
rental industry, the digital platform has enabled consumers to share more
information, opening new channels through which car rental companies can
approach them. Retail companies are utilizing novel technologies to
differentiate their brand and offer consumers exceptional services.
Growing Adoption of Car
Rental Management Software Augments the Market Growth
The automobile rental
market is expanding across Egypt as several leading players have already
entered the market and acquired remarkable position in the market. All the key
market players operating in the market are undertaking numerous initiatives to
provide better offers and services to get more bookings, by enhancing their
operations and adopting new automated technologies. This, in turn, is
propelling the market growth. In
addition to this, to offer better services and automate their business, car
rental players are utilizing car rental management software which supports the
market growth. The car rental management software minimizes the task of
management and boosts the efficiency of operation. Furthermore, the management
software offers numerous features such as fleet optimizations, advanced pricing
management, and custom reports, which, in turn, help car rental companies to
grow their business. Therefore, the adoption of car rental management software
holds a lucrative opportunity for the car rental market players for market
expansion.
Emerging in Trend of
On-Demand Transportation Services Stimulates the Market Growth
On demand services such
as taxis, passenger vehicles, and charter vehicles with flexibility and other
features including real time feedback, tracking of vehicles, and rating to end
customers. The availability of cars and comparison of fare with the
correspondent car rental companies is facilitated by numerous mobile
applications. On-demand ride services launched a mobile application that
enables users to compare locations and prices of nearby taxi, car-sharing, and
ride-hailing companies all in one app. Automobile rental service allow
customers to make use of various functions. Increase in trend of on-demand
transportation services is anticipated to drive the growth of automobile rental
market in the coming years.
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Market Segmentation
The Egypt automobile rental
market is segmented into vehicle type, length, type, channel, regional distribution, and competitive
landscape. Based on vehicle type, the market is divided into two-wheeler,
passenger car, LCV, M&HCV. Based on length, the market is bifurcated into
short term and long term. Based on the type, the market is categorized into
self-driven, and chauffeur driven. Based on channel, the market is bifurcated
into online and offline. The Egypt automobile rental market is studied in major regions namely Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt.
Market Players
Kayak, Sixt, Europcar, Avis
Rent A Car System, LLC, Locanfy, Bikebookig.com, TruKKer Holding, Reftruck
Egypt, Enterprise Holdings, Inc., VIPCars.com are the key market players
operating in Egypt Automobile rental market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Vehicle Type
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Length
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Type
·
Channel
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Regional scope
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London, Southeast, East Anglia, Scotland,
Southwest, East Midlands, Yorkshire & Humberside, Rest of United Kingdom
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Key companies profiled
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Kayak, Sixt, Europcar, Avis Rent A Car System, LLC, Locanfy,
Bikebookig.com, TruKKer Holding, Reftruck Egypt, Enterprise Holdings, Inc.,
VIPCars.com
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Egypt Automobile
rental’ market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Egypt Automobile Rental Market,
By Vehicle Type:
o Two-Wheeler
o Passenger Car
o LCV
o M&HCV
·
Egypt Automobile Rental
Market, By Length:
o Short Term
o Long Term
·
Egypt Automobile Rental Market,
By Type:
o Self-Driven
o Chauffeur Driven
·
Egypt Automobile Rental
Market, By Channel:
o
Online
o
Offline
·
Egypt Automobile Rental,
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 rental 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
o Detailed analysis and profiling of
additional market players (up to five).
Egyptautomobile rental 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]