Egypt Auto Finance Market Outlook to 2027– Driven by women drivers entering the market, digital advancements and initiatives by the Government

Egypt Auto Finance Market Outlook to 2027– Driven by women drivers entering the market, digital advancements and initiatives by the Government

The report “Egypt Auto Finance Market Outlook to 2027– Driven by women drivers entering the market, digital advancements and initiatives by the Government” by Ken Research provides a comprehensive analysis of the potential of Auto Finance Industry in Egypt. The report also covers overview and genesis of the industry, market size in terms of revenue generated; market segmentation by types By Vehicle Type, By Vehicle Age, By Institution, By Tenure; growth enablers and drivers, challenges and bottlenecks, trends driving adoption of technological innovation; regulatory framework; end user analysis, industry analysis, competitive landscape including competition scenario, market shares of major players on the basis of number of Interest Rates, No. of vehicles financed, No. of employees, No. of branches, Loan duration, Percentage of amount given as loan. The report concludes with future market projections of each product segmentation and analyst recommendations.

Detailed Analysis on the Egypt Auto Finance Market: Urbanization is expected to rise to more than 60% by 2030, which means increased demand for jobs, housing, infrastructure, and social services such as public transportation. Moreover, the recent increase in the cost of public transportation has led to increase in demand for personal vehicles. Egypt Auto Finance Market is currently at the growth stage and the market is currently increasing at a double digit CAGR owing because of lower interest rate, growing disposable income and easy financing options.

Egypt Auto Finance Market Segmentations:

Segmentation By Vehicle Type:

Passenger cars are dominating the market. Currently there is a huge gap in the market due to the non-availability of cars and the FX Crisis.

By Vehicle Age:

People prefer new vehicles over used vehicles in Egypt. The interest rate are generally 200 basis points higher than that for new cars and only those cars are financed which are 3-5 years old. Used cars older than 5 years are not financed

By Institution:

No Bank in Egypt finance corporate or commercial vehicles. Commercial vehicles are financed by leasing companies. NBFCs are major players in financing motor bikes and golf carts.

By Tenure

There is limited audience who opt for taking car loan for less than 3 years because then the installment size is very big. Mostly people prefer to take loans for 3-5 years. As they usually upgrade the car in 5 years

Egypt Auto Finance Market Future Outlook and Projections:

The Egypt Auto Finance Market is expected to grow at a double digit CAGR over the period 2022-2027F owing to rising demand for jobs, housing, infrastructure, and social services.

Key Segments Covered

Egypt Auto Finance Market:

By Vehicle Type:

Passenger

Commercial

Total

By Vehicle Age:

New Vehicle

Used Vehicle

Total

By Institution:

Banks

NBFCs

Total

By Tenure:

1-3 years

3-5 years

5-7 years

Total

Key Target Audience

Auto Finance Providers

Insurance companies

Car Manufacturers

financial service provider

NBFCs

Fin-tech companies

Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Year: 2016-2022

Base Year: 2022

Forecast Period: 2023F– 2027F

Companies Covered:

Auto Finance Providers

Banque Misr

National Bank of Egypt

Agricultural Bank of Egypt

Industrial Development Bank

Banque Du Caire

The United Bank

Bank of Alexandria

Commercial International Bank (Egypt)

Attijariwafa bank Egypt S.A.E.

Societe Arabe Internationale de Banque

Blom Bank - Egypt

Credit Agricole Egypt S.A.E

Emirates National Bank of Dubai S.A.E.

Suez Canal Bank

Qatar National Bank Alahli S.A.E.

Arab Investment Bank

AL Ahli Bank of Kuwait - Egypt

First Abu Dhabi Bank - Misr

Housing and Development Bank

Al Baraka Bank of Egypt S.A.E.

National Bank of Kuwait - Egypt(NBK)

Abu Dhabi Islamic Bank - Egypt

Abu Dhabi Commercial Bank Egypt

Egyptian Gulf Bank

Arab African International Bank

HSBC Bank Egypt S.A.E.

Arab Banking Corporation - Egypt S.A.E.

Export Development Bank of Egypt

Arab Bank PLC

Key Topics Covered in the Report

Egypt Auto Finance Market Overview

Ecosystem of Egypt Auto Finance Market

Business Cycle and Genesis of Egypt Auto Finance Market

Industry Analysis of Egypt Auto Finance Market

SWOT Analysis of Egypt Auto Finance Market

Key Growth Drivers in Auto Finance Market in Egypt

Major Challenges and Bottlenecks in Egypt Auto Finance Market

Regulatory Framework in Egypt Auto Finance Market

Competitive Landscape in in Egypt Auto Finance Market

Market Share of Major Auto Finance Providers in Egypt Auto Finance Market

Detailed Analysis on Egypt Auto Finance Market (Market Size and Segmentation, 2016-2022; Future Market Size and Segmentation, 2023-2027F)

Market Opportunity and Analyst Recommendations

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