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Home Automotive, Transportation and Warehousing Automotive and Automotive Components Egypt Car Rental Market Outlook to 2027F: Ken Research

Egypt Car Rental Market Outlook to 2027F: Ken Research

What Is the Size of Egypt Car Rental Industry?

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.

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.

Egypt Car Rental Industry

Key Segments Covered:-

Egypt Car Rental Market

By Market Structure, 2022 & 2027F

Organized market

Unorganized market

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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:-

Egypt Car Rental Market

Related Reports by Ken Research:-

Netherlands Car Rental Market Outlook to 2027F

Japan Car Rental Market Outlook to 2027F

France Used Cars Market Outlook to 2027

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