Egypt Car Rental Market Outlook to 2027F

Egypt Car Rental Market Outlook to 2027F

The report provides a comprehensive analysis of the potential of Car Rental industry in Egypt. The report covers an overview and genesis of the industry, market size in terms of revenue generated.

Its market segmentations include by market structure, by type of vehicle, by ICE/ EV, by mode of booking, by pick-up, by duration, by cities; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Egypt Car Rental Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022 – is forecasted to grow further into USD ~ Bn opportunity by 2027F, owing to the New Government Policies and emergence of new players and boost in tourism.

Growth rate of total car rental is going to increase over the period as car leasing becomes easier, and market penetration rates increase in the country.

With rising internet penetration and ownership of smartphones, it is expected that customers will make bookings online as it is more convenient for bookings with additional discounts and saving time.

Key Trends by Market Segment:

By Mode of Booking: Online segment is projected to dominate the market in the coming years, 2022-2027F. The increasing awareness among the people, increasing internet penetration will drives the segmental growth.

By Type of Vehicle: Small car is the dominant segment of the automobile rental market in the coming years, 2022-2027F. Most consumers prefer passenger automobiles as they are compact, fuel-efficient, and provide adequate comfort. Passenger automobiles have lower acquisition and maintenance cost than other cars segments.

Competitive Landscape

Future Outlook

The Egypt Car Rental Market is projected to show a significant growth, to contribute ~ Bn by 2027F with increase in tourism, on-demand services and government initiatives. The growth rate of total fleet size is anticipated to increase over the period with surge in working class population along with government incentives and policies.

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