How will digital disruption enable Egypt’s Auto Finance Market to achieve double-digit growth by 2027? Auto finance industry has seen substantial growth in credit disbursement backed by accelerated population growth, vehicle sales, and a surge in financial penetration. Presently, Egypt Auto Finance Market is growing at a CAGR of 18%, 20216-2022. The sector is driven by Purchasing power of individuals and the risk appetite of the financial service provider. Also,… Read More »
Egypt Auto Finance Market is expected to grow at a CAGR of ~11% between 2023F – 2027F owning to digital financing and introduction of smart contracts: Ken Research Egypt Automotive Finance Market is in the growing stage, being driven digital advancement, smart contracts, digital Financing and positive covid-19 impacts and government policies. There are several players in the Egypt auto finance market some of which are QNB Alahli Leasing, Global Corp, Banque Misr, ADIB, AI Bank, Al Baraka etc. Financial Penetration is anticipated… Read More »
Egypt Auto Finance was one of the few emerging market countries that experienced a positive growth rate of 31.5% in 2020 from 27.7% in 2016: Ken Research 1. The 25-34 age bracket in Egypt is the biggest potential buyer of cars, with 57.1% of potential buyers being female because of the growing female workforce in the country In 2021 females accounted for major potential buyers of cars in Egypt contributing 57.1% due to increasing female workforce in Egypt. Egyptian women whose… Read More »
Auto finance industry has seen substantial growth in credit disbursement backed by accelerated population growth, vehicle sales and surge in financial penetration: Ken Research Energy sector reforms impacting consumer demand: The Egyptian Government undertook major energy sector reforms to address the power outages and re-establish Egypt’s potential as an oil and gas producer by reducing pricing distortions and arrears. Government initiatives impacting consumer behavior: Macroeconomic indicators have reacted positively to the energy sector reforms, which can be seen through… Read More »
