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

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.

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).

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