Press release
Egypt Car Rental Market Outlook to 2027F: Ken Research
Egypt Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F. The Egypt Car Rental Market is largely driven by boost in tourism sector in Egypt, increasing trend for On- Demand services, rising internet penetration along with government initiatives on infrastructure and electric vehicles. In recent years, the impact of technological advancements has revolutionized the industry. The increasing use of smartphone-based online rental car booking apps is significantly contributing to market growth. With the help of online booking mobile applications for the convenience of customers, companies in the market have been able to capture a large customer base.
The Egypt car rental market is currently expanding. The pandemic has caused a precipitous drop, which has had a negative impact, but with the reopening of the travel industry, the tourism sector is expected to grow with the inflow of tourists. The pandemic had a negative impact on market growth due to a halt in activities as a result of the lockdowns and travel and transportation restrictions imposed by the Egypt government to combat the spread of the coronavirus. Furthermore, as the tourism industry, both international and domestic, suffered a significant blow as a result of the pandemic, demand for car rentals decreased, as car rental services are widely used by tourists.
Egypt Car rental Market by Market Structure
The Egypt Car Rental market is segmented by market structure into organized and unorganized market. There is a preference towards the organized sector as most of the tourists look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.
Egypt Car rental Market by Type of Vehicles
The Egypt Car Rental market is segmented by type of vehicles into small cars/ hatchbacks, sedans, SUVs and others. The SUVs has the highest market share among other types of vehicles in the country as most of the region is desert and major tourist spot in the country is also located in the desert area.
Egypt Car rental Market by ICE/EV
The Egypt Car Rental market is segmented by ICE/EV into ICE (internal combustion engine) and electric vehicles. There is a preference towards the ICE vehicles as they have been very common and EVs are new concept and they are expensive also.
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Egypt Car rental Market by Cities
The Egypt Car Rental market is segmented by cities into Cairo, Alexandria, Giza, Qalyubia, Port Said and Suez. Cairo has the most market share in car rental in Egypt as compare to other cities.
Egypt Car rental Market by mode of booking
The Egypt Car Rental market is segmented by mode of booking into online and offline. People preferred online mode more as compared to offline as it is efficient, fast and offers more options.
Egypt Car rental Market by Duration
The Egypt Car Rental market is segmented by Duration into Long and Short. Long hold most of the market share as travel agencies rent cars for longer period for their businesses.
Egypt Car rental Market by Pick-Up
The Egypt Car Rental market is segmented by pick-up into on-airport and off-airport. On-airport holds the market share in Egypt Car Rental Market as people wants to get picked from the airport.
Key Segments Covered:-
Egypt Car Rental Market
By Market Structure, 2022 & 2027F
Organized market
Unorganized market
By Type of Vehicles, 2022 & 2027F
Small Cars/ Hatchbacks
Sedans
SUVs
Others
By ICE/EV, 2022 & 2027F
ICE (Internal Combustion Engine)
Electric Vehicles
By Cities, 2022 & 2027F
Cairo
Alexandria
Giza
Qalyubia
Port Said
Suez
By Mode of Booking, 2022 & 2027F
Online
Offline
By Time Duration, 2022 & 2027F
Long
Short
By Pick-up, 2022 & 2027F
Off-Airport
On-Airport
Key Target Audience:-
Car Rental Service Providers
Car Rental Companies aiming to establish in Egypt
Egypt's automotive industries
Government Bodies & Regulating Authorities
Venture Capitalist targeting the car rental market
Automotive industry association
Car Manufacturers
Existing Car Rental Companies
OEM Dealerships
New Market Entrants
Investors
Car Rental Associations
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Time Period Captured in the Report:-
Historical Year: 2017-2022
Base Year: 2022
Forecast Period: 2022- 2027F
Companies Covered:-
Kayak
Sixt
Europcar
Avis Rent a Car System LLC
Locanfy
Bikebookig.com
TruKKer Holding
Reftruck Egypt
Enterprise Holdings, Inc.
VIPCars.com
Key Topics Covered in the Report:-
Overview, Operating Models and Company Profile of the Automotive Industry in the Egypt, 2022
Overview and Genesis of Car Rental Market in Egypt, 2022
Ecosystem of Egypt Car Rental Market
Business Cycle, Timeline, and Value Chain Analysis of Car Rental Market in Egypt
Egypt Car Rental Market Sizing, 2017- 2022P
Market Segmentations of Car Rental Market in Egypt (by Market Structure, by Type of Vehicle, by ICE/ EV, by Mode of Booking, by Pick-up, by Client, by cities), 2022
SWOT Analysis of Egypt Car Rental Market
Growth Drivers of Egypt Car Rental Market
Government regulations of Egypt Car Rental Market
Government Incentives and Policies on Electrification in Egypt
Trends and Developments of Egypt Car Rental Market
Challenges of Egypt Car Rental Market
Competitive Analysis of Car Rental Market in Egypt
End User Analysis of Car Rental Market in Egypt
Future Outlook and Projections of Car Rental Market in Egypt, 2022-2027F
Market Opportunities and Analyst Recommendations
For more information on the research report, refer to below link:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/egypt-car-rental-market-outlook-to-2027/596225-100.html
Related Reports by Ken Research:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/netherlands-car-rental-market-outlook-to-2027/596185-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/japan-car-rental-market-outlook-to-2027/596215-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/france-used-cars-market-outlook-to-2027/596226-100.html
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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
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