Egypt Car Rental Market Outlook to 2027F
Driven by Increasing Internet penetration, On-Demand Services, boost in tourism and Government Initiatives in infrastructure
December 2022
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About the Report
About the Report
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.
Scope Of The Report
Scope of the Report
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By Market Structure |
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By Type of Vehicles |
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By ICE/EV |
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By Cities |
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By Mode of booking |
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By Duration |
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By Pick-up |
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Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Car Rental Service Providers
- Car Rental Companies aiming to establish in Germany
- Germany’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
Time Period Captured in the Report
- Historical Year: 2017-2022
- Base Year: 2022
- Forecast Period: 2022– 2027F
Companies
Major Players Mentioned in the Report
- Kayak
- Sixt
- Europcar
- Avis Rent a Car System LLC
- Locanfy
- Bikebookig.com
- TruKKer Holding
- Reftruck Egypt
- Enterprise Holdings, Inc.
- VIPCars.com
Table of Contents
Table of Contents
1. Executive Summary
2. Egypt Car Rental Market Overview
2.1 Taxonomy of Egypt Car Rental Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for Egypt Car Rental Market
2.5 Growth Drivers of Egypt Car Rental Market
2.6 Issues and Challenges of Egypt Car Rental Market
2.7 Impact of COVID-19 on Egypt Car Rental Market
2.8 PESTLE/SWOT Analysis
3. Egypt Car Rental Market Size, 2017 – 2022
4. Egypt Car Rental Market Segmentation
4.1 By Booking Type, 2017 - 2022
4.2 By Rental Type, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Kayak
5.3.2 Sixt
5.3.3 Europcar
5.3.4 Avis Rent a Car System LLC
5.3.5 Locanfy
5.3.6 Bikebookig.com
5.3.7 TruKKer Holding
6. Egypt Car Rental Future Market Size, 2022 – 2027
7. Egypt Car Rental Future Market Segmentation
7.1 By Booking Type, 2022 - 2027
7.2 By Rental Type, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building: Collating statistics on used car and new car over the years, penetration of car finance and down payment ratio to compute overall credit disbursed for cars. We will also review central bank statistics to understand credit disbursed and outstanding amount which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output: Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers._63eca297a2832.jpg)
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Frequently Asked Questions
Frequently Asked Questions
What is the Study Period of this Market Report?
The Egypt Car Rental Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
What is the Future Growth Rate of the Egypt Car Rental Market?
The Egypt Car Rental Market is expected to witness a CAGR of ~% over the next five years.
What are the Key Factors Driving the Egypt Car Rental Market?
New Government Policies and Entry of EV Cars, on-Demand Services and boost in tourism are likely to fuel the growth in the Egypt Car Rental market.
Which is the Largest Car/Vehicle Type Segment within the Egypt Car Rental Market?
The small car type segment held the largest share of the Egypt Car Rental Market in 2022.
Who are the Key Players in the Egypt Car Rental Market?
Kayak, Sixt, Europcar, Avis Rent a Car System, LLC, Locanfy, Bikebookig.com are major players in Egypt car rental market.
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