Egypt Car Rental Industry, end-user analysis, industry analysis, competitive landscape: Ken Research

Competition Scenario in Egypt Car Rental Market

Egypt’s Car Rental Market is a moderately consolidated market which is still in the growing phase. With increasing tourism in the country and more internet penetration in rural areas are the major reason for the entrance of the new players. Sone of the major players in the Egypt car rental market are Kayak, Sixt, Europcar, Avis Rent a Car System, LLC, Locanfy, Bikebookig.com.

What is the Expected Future Outlook for the Overall Egypt Car Rental Market Across the globe?

The Egypt Car Rental market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Egypt Car Rental market is 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. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The Egypt Car Rental Market will expand in the coming years as a result of the increased focus of car rental companies on corporate clients, an increase in foreign travelers. With this trend, the inflow of investments will increase in the future. For Instance, Zoomcar, the world's largest emerging market focused car sharing marketplace, is looking to double its investments in Egypt in the coming three years.

The government's initiative will attract tourism in the country and is expected to contribute to the overall market growth. With the announcement of the Red Sea Bridge which will join Saudi Arabia and Egypt will a become a major growth booster for the car rental market in the Egypt as the majority of the business in car rental market is derived by the trading companies. The bridge connecting Saudi Arabia with Egypt will boost trade between the two countries. Both the countries have signed 17 agreements to enhance bilateral ties.

Furthermore, the share of EVs is expected to increase many folds, as Egypt plans to shift to electric mobility and plans to begin subsidizing electric vehicle. On the infrastructure side, the government is working on plans to establish a nationwide charging network. In other efforts to advance the industry, Egypt’s House of Representatives just gave its final approval to a bill that will establish a new regulatory body to set policy for auto assembly in the country, including EVs, and provide financial incentives for manufacturers which is expected to boost the Car Rental market in Egypt.

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

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