Egypt Four Wheeler Aftermarket Service Industry Growth, Demand, Top Key Players, Future Strategies, Competitive Landscape and Forecast to 2027: Ken Research

Due to rapid increase in population, growth of passenger vehicle sales, along with government moves to combat auto emissions is fuelling the expansion of Four-wheeler Aftermarket Service industry in Egypt

Growth of four wheeler vehicle sales: The growth has fed into the aftermarket, with the country now being home to one of Africa's largest vehicle fleets with around six million vehicles on the country's roads, with the majority - approximately 5.0 million - being passenger cars. New vehicle sales in Egypt have recently grown, currently standing at more than 200,000 units per year. Around half of this figure is assembled locally. Egypt is home to notable local vehicle assemblers like GB Auto, General Motors Egypt / Mansour Automotive, and Nissan.

Government Support to promote Green Energy: The government of Egypt announced an initiative to encourage consumers to replace old vehicles for new ones operating on CNG engines with extended credit facilities among its green program incentives. The share of CNG-powered vehicles is increasing further, which will open up new industry segments and growth opportunities for the aftermarket in Egypt.

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Rise of E-Commerce Channel for Aftermarket: A growing trend has been observed in the Egyptian aftermarket in the e-commerce channel, with platforms such as Odiggo, Tawfiqia and Egyparts gaining visibility among the public. The Egyptian aftermarket is ripe for growth and to offer up great opportunities for parts producers, distributors, and service providers, local producers, suppliers, etc.

Change in Installment Rates by Central Bank of Egypt: The Central Bank of Egypt, during the year 2020, decided to raise the maximum installment allowed from a customer's total fixed income to 50% from the existing 40%. This made it easier to acquire loans and hence, led to more car purchases. Banks have taken initiatives to ease procedures for car loans, various offers are made by car dealers, and the government has launched older-vehicle replacement and conversion initiative.

Egypt Automotive Aftermarket Service Market Revenue

Zero Tariff on Cars: There exists zero tariff on cars from the European Union, under the GATT (General Agreement on Tariffs and Trade) agreement. The agreement stipulates establishing a free trade area in the span of a transitional period of 12 years from the date of enforcement. It also liberalizes the Egyptian imports of industrial goods with European origins for up to 16 years. Egypt implemented the trade cooperation agreement with the European Union in 2010, so European Car customs began to decline.

International Economic Agreements: Due to a number of international economic agreements having been signed by Egypt, there has been a negative effect on the country's car manufacturing industry. The agreements led to an increase in the sales volume of imported cars which benefit from customs exemption. The sales volume of European-origin cars increased from 11% in 2018 to almost 20% in 2019.

The report titled "Egypt Automotive Aftermarket Service Industry Outlook to 2027: Driven by burgeoning population, vehicle sales growth and government moves to combat auto emissions" provides a comprehensive analysis on the status of aftermarket service industry in Egypt. The report covers various aspects including automotive aftermarket service industry market size on the basis of revenue and number of vehicles serviced, ecosystem of major entities in aftermarket service industry in Egypt, trends & developments, issues & challenges faced by the industry, government regulations, SWOT Analysis, Porter 5 forces analysis, pain points in OEM and multi brand aftersales workshops, opportunities in OEM and multi brand aftermarket industry, market size of spare parts aftermarket industry in Egypt, ecosystem by different type of spare parts & consumables market, competition in OEM Workshops, and other aspects. Further, the report focuses on the Egypt Four Wheeler Aftermarket Service Industry Segmentation by Type of Workshop (Organized Multi-Brands and OEMs); by Type of Vehicle Serviced (Sedans, SUVs, Hatchbacks, MPVs and Crossover); by Age of Car (0-2 Years, 2-4 Years, 4-6 Years, 6-8 Years, Above 8 Years); by Region (Greater Cairo, Alexandria, Mansour, Delta and Suez Canal, and Others); by Booking Mode (Online, and offline); By Car Brand (Chevrolet, Toyota, Hyundai, Nissan, Kia, and Others); and by Service Split (Mechanical and Electrical, General, Body Care, Body Repair).

Egypt Four Wheeler Aftermarket Service Industry report concludes with projections for the future of the industry including forecasted revenue and number of vehicle serviced by 2027, and analysts' take on the future highlighting the major opportunities.

Key Segments Covered in Egypt Four Wheeler Aftermarket Service Industry

Egypt Four Wheeler Aftermarket size by
Revenue generated
Number of Vehicles Serviced
Market Segmentation By Type of Workshop
Organized Multi-Brands
OEMs
Market Segmentation By Type of Vehicle Serviced
Sedan
SUV
Hatchback
MPVs
Crossover
Market Segmentation By Age of Car
0-2 Years
2-4 Years
4-6 Years
6-8 Years
Above 8 Years
Market Segmentation By Region
Greater Cairo
Alexandria
Mansour, Delta and Suez Canal
Others
Market Segmentation By Booking Mode
Online
Offline
Market Segmentation By Car Brand
Chevrolet
Toyota
Hyundai
Nissan
Kia
Others
Market Segmentation By Service Split
Mechanical and Electrical
General
Body Care
Body Repair
Egypt Spare Parts Aftermarket Segmentation

By Expenditure Category
Services
Spare Parts & Consumables
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Key Target Audience

Automotive Companies
OEM Vehicle Service Companies
Multi Brand Vehicle Service Companies
Automotive Spare Parts Companies
Time Period Captured in the Report:

Historical Period: FY'2016-FY'2021
Forecast Period: FY'2021-FY'2027
Automotive Aftermarket Service Companies in Egypt:

OEMs
Ghabbour Auto Group
Al-Mansour Automotive
Abou Ghaly Motors
Ezz-Elarab Automotive Group
Kasrawy Group
El-Nasr Automotive
Star National Automotive
El-Tarek Automotive
National Motors
Organized Multi-Brand Players
Car Viseta
SIXT
FMS Egypt
MAYDAY Assistance Services
7 Cylinders
Auto Zone
Auto Spot Service Centre
Car Clinic
Spare-Part Importers
SMG Engineering Automotive Company
Ezzat Kamel Co.
Tiba Auto Spare Parts
El-Watania Auto Parts
Ramtrade
El-Magd
Nossir Auto Parts
A-Part
Key Topics Covered in the Report

Egypt Four Wheeler Aftermarket Service Industry Overview
Ecosystem of Major Entities in Egypt Four Wheeler Aftermarket Service Industry
Comparison of Egypt Automotive Industry with other Countries
Market Size on the basis of Revenue and Number of Vehicles Serviced, FY'16-FY'21
Vehicle Parc in Egypt, FY'16-FY'21
Egypt Four Wheeler Aftermarket Service Industry Segmentation, FY'21
Comparison of Top Offline Workshops for Car Servicing in Egypt
Analysis of Multi-Brand and OEM Workshops in Egypt
Spare Parts Landscape in Egypt
Operating Model of Spare parts in Egypt
Market Size of Spare Parts Aftermarket in Egypt
Ecosystem of Major Entities in Spare Parts and Consumables Industry in Egypt
Future Outlook of the Four Wheeler Aftermarket Services Industry in Egypt
Future Market Size on the basis of Revenue and Number of Vehicles Serviced, 2021-2027E
Future Market Size of Spare Parts Aftermarket in Egypt
Analyst Recommendation
Industry Speaks

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