Market Forecast By Product Type (Electric, Hybrid Electric, Plug-In Hybrid Electric, Mild Hybrid, Natural Gas, Fuel Cell Electric, Diesel, Petrol) And Competitive Landscape
Product Code: ETC431808 | Publication Date: Oct 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Egypt Automotive market currently, in 2023, has witnessed an HHI of 885, Which has increased slightly as compared to the HHI of 816 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Egypt Automotive Market |
Forecast Period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Automotive |
Egypt Automotive Market report thoroughly covers the market by product type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Egypt automotive market has been thriving over the years with continuous growth and development. The country's strategic location, along with its large consumer base and skilled labor force, makes it an attractive destination for automotive manufacturers. Additionally, the growing demand for vehicles and increasing disposable income among the population have also contributed to the growth of the automotive industry in Egypt.
According to 6Wresearch, the Egypt Automotive Market size is estimated to reach at a CAGR of 6.5% during the forecast period 2025-2031. The Egyptian government has been actively promoting foreign investment in the automotive industry by providing incentives such as tax exemptions and favorable trade policies. This has led to a significant increase in the number of automotive factories in Egypt, which has further boosted the market growth. Despite its rapid growth, the Egypt automotive market growth is hampered by some ongoing challenges. Such as the lack of local production capabilities and the high import tariffs and taxes imposed by the government, which can significantly impact the pricing of vehicles in Egypt. However, with some emerging trends, the market is securing a massive growth prospect such as the rising shift towards electric and hybrid vehicles, as the government promotes eco-friendly practices and offers incentives for their purchase. The increasing popularity of ride-sharing services has also influenced the market, with more demand for affordable and fuel-efficient vehicles. Moreover, advancements in technology have also led to the introduction of innovative features in cars, such as autonomous driving and connected services, which are becoming more prevalent in the Egyptian market.
The Egyptian government has introduced a variety of supportive measures. These include the establishment of the Egyptian Automotive and Trading Company (EATC) which aims at promoting the local assembly of cars to meet domestic demand and reduce reliance on imports. The government's long-term strategy also involves providing tax incentives for the manufacturers of components locally and investing in the necessary infrastructure to support electric vehicles, such as charging stations.
Major international brands like Chevrolet, Hyundai, and Toyota have a strong presence, often through joint ventures or partnerships with Egyptian businesses. On the local front, organizations such as GB Auto and the El Nasr Automotive Manufacturing Company stand as influential players in the market, involved in a wide range of activities from assembly to after-sales services.
The Egypt automotive industry is poised to undergo significant transformation. The government's focus on upgrading local production facilities, combined with the trend towards electric and hybrid vehicles, signals a move towards a more sustainable and self-sufficient industry. The Egypt to become a regional hub for automotive production with the increasing population growth and demand for automobiles.
According to Dhaval, Research Manager, 6Wresearch, electric and hybrid vehicles are the only segments generating substantial growth within the Egypt automotive market. With the country's commitment to sustainability and green energy, electric vehicles (EVs) have gained traction, supported by government incentives and the growing availability of charging infrastructure. Hybrids and plug-in hybrid electric vehicles (PHEVs) also see increasing adoption, aligning with global environmental trends and consumer demand for more fuel-efficient transportation.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Egypt Automotive Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Automotive Market Revenues & Volume, 2021 & 2031F |
3.3 Egypt Automotive Market - Industry Life Cycle |
3.4 Egypt Automotive Market - Porter's Five Forces |
3.5 Egypt Automotive Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Egypt Automotive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Automotive Market Trends |
6 Egypt Automotive Market Segmentations |
6.1 Egypt Automotive Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Egypt Automotive Market Revenues & Volume, By Electric, 2021-2031F |
6.1.3 Egypt Automotive Market Revenues & Volume, By Hybrid Electric, 2021-2031F |
6.1.4 Egypt Automotive Market Revenues & Volume, By Plug-In Hybrid Electric, 2021-2031F |
6.1.5 Egypt Automotive Market Revenues & Volume, By Mild Hybrid, 2021-2031F |
6.1.6 Egypt Automotive Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.7 Egypt Automotive Market Revenues & Volume, By Fuel Cell Electric, 2021-2031F |
6.1.9 Egypt Automotive Market Revenues & Volume, By Petrol, 2021-2031F |
6.1.10 Egypt Automotive Market Revenues & Volume, By Petrol, 2021-2031F |
7 Egypt Automotive Market Import-Export Trade Statistics |
7.1 Egypt Automotive Market Export to Major Countries |
7.2 Egypt Automotive Market Imports from Major Countries |
8 Egypt Automotive Market Key Performance Indicators |
9 Egypt Automotive Market - Opportunity Assessment |
9.1 Egypt Automotive Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Egypt Automotive Market - Competitive Landscape |
10.1 Egypt Automotive Market Revenue Share, By Companies, 2024 |
10.2 Egypt Automotive Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |