The Egypt truck leasing
& rental market is expected to grow at a steady CAGR in the forecast
period, 2023-2027. Expanding vehicle fleet and the need to lower the
operational and maintenance costs are driving the fleet owners to invest in
truck leasing & rental services. The growing young population and
availability of high-speed internet connections are boosting the popularity of
the e-commerce industry across the country. Also, the market players are opting
for online platforms to expand their consumer base. They actively include their
fleet's latest and advanced truck models to capture the highest market share
over the next five years.
Booming Oil & Gas
Industry Drives the Market Growth
The oil & gas industry is
one of the most revenue-generating industries in the country. According to
government data, hydrocarbon production is one of the largest industrial
activities in the country and contributes around 24 percent of the total GDP in
2019-2020. Egypt has substantial sources comprising both conventional fossil
fuels and renewable energy sources. The proven hydrocarbon resources are 75.5
trillion cubic feet (tcf) of natural gas and 3.6 billion barrels of oil at the
end of 2020. Egypt has an important role in international markets through the
Suez-Mediterranean (SUMED) and Suez Canal pipelines. The government is planning
to invest around USD 38 billion to develop its petrochemical industry.
With the growing
petrochemical industry, the demand for appropriate transportation services is
expected to grow in the coming years. Trucks are considered suitable for
carrying the extracted oil and gas from the source to the desired locations.
Market players prefer not to invest in the purchase of trucks and rather avail
of truck leasing and rental services. Rise in the number of domestic market
players who are ready to offer truck leasing and rentals services at
cost-effective rates and provide advanced and novel trucks is expected to fuel
the Egypt truck leasing & rental market growth over the next five years.
High Demand from Logistics
Industry Favors the Market Growth
The growing popularity of the
e-commerce industry across the country supports last-mile delivery services.
Last mile delivery can be described as the transportation of the goods from the
nearest distribution hub to the final destination. Equipment, furniture,
packaged commodities, and other compact objects are all transported using box
trucks. Open-body trucks, known as flatbed trucks, have a driver-only cabin.
Heavy loads of open space can be transported with open-body trucks.
Refrigerated trucks are employed to transport perishable commodities at a
preserved temperature. Similar to semi-trailer trucks, these vehicles can tow
huge cargoes and link one or more semi-trailers. Rail, trucks, and cargo ships
all employ container trucks to convey cargo. Most last-mile deliveries are made
with minivans. Jumbo trailer vehicles, which combine a trailer and a truck, can
transport loads weighing more than 20 tonnes. Heavy cargoes are raised using
tail-lift trucks, which have a tail-lift built into them. There is the use of
different kinds of trucks to deliver trucks of different kinds of products and
purchasing trucks to deliver different products is not economically feasible.
Therefore, the market players prefer services which are expected to accelerate
the growth of the Egypt truck leasing & rental market in the coming years.
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Market Segmentation
The
Egypt truck leasing & rental market is segmented into type,
lease type, truck type, end use industry, booking, vehicle type, regional distribution,
and competitive landscape. Based
on type, the market is divided into lease and rental. Based on lease type, the
market is divided into financial lease, full service/operational lease, and third-party
lease. Based on truck type, the market is divided into light duty, heavy duty, and
medium duty. Based on end use industry, the market is divided
into oil & gas, FMCG, e-commerce, mining, construction, and others. Based on booking, the market
is bifurcated into offline and online. Based on vehicle type, the market is
divided into fully build and customizable. The
market is also studied by dividing Egypt into regions namely Cairo, Alexandria, Giza,
Qalyubia, Port Said, Suez, and rest of Egypt.
Market Players
Traxl, Travelscape LLC,
Europcar Egypt, TruKKer Holding, Reftruck Egypt, Sixt, Naqla, NOSCO Egypt, DP
World Sokhna, Trella are the major market players leading the Egypt truck
leasing & rental market growth.
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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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·
Type
·
Lease Type
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Truck Type
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End Use Industry
·
Booking
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Vehicle Type
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Region scope
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Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, Rest of Egypt
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Key companies profiled
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Traxl, Travelscape LLC, Europcar Egypt, TruKKer
Holding, Reftruck Egypt, Sixt, Naqla, NOSCO Egypt, DP World Sokhna, Trella
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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 truck
leasing & rental market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Egypt Truck Leasing & Rental Market, By Type:
- Egypt Truck Leasing & Rental Market, By Lease Type:
- Financial Lease
- Full Service/Operational Lease
- Third Party Lease
- Egypt Truck Leasing & Rental Market, By Truck Type:
- Light Duty
- Heavy Duty
- Medium Duty
- Egypt Truck Leasing & Rental Market, By End Use Industry:
- Oil & Gas
- FMCG
- E-Commerce
- Mining
- Construction
- Others
- Egypt Truck Leasing & Rental Market, By Booking:
- Egypt Truck Leasing & Rental Market, By Vehicle Type:
- Egypt Truck Leasing
& Rental Market, By Region:
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
- Rest of Egypt
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Egypt truck leasing & 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
- Detailed analysis and profiling of additional market players (up to
five).
Egypt truck leasing & 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]