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Rental Car Industry Egypt,Spot Rental Egypt Market, Chauffer Driven Car Rental ,

The car rental market in Egypt has been on a downward trend since the past few years from 2010-2015 majorly due to the presence of various obstacles such as local supply, poor roads, GPS, government regulation and poor infrastructure facilities. Various companies in the country have been closed due to the increasing dominance of local companies. Although majority of the business people, students and expats that travel to the country prefer to rent a car for long term/ service tenure. Egypt car rental market has declined at a CAGR of ~%, over the period, 2010-2015 and slumped to USD ~ million in 2015 from USD ~ million in 2010.

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Rental Car Industry Egypt,Spot Rental Egypt Market, Chauffer Driven Car Rental ,

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  1. Egypt Car Rental and Leasing Market Forecast to 2020 : Ken Research

  2. How Egypt Car Rental And Leasing Market Is Positioned? The car rental market in Egypt has been on a downward trend since the past few years from 2010-2015 majorly due to the presence of various obstacles such as local supply, poor roads, GPS, government regulation and poor infrastructure facilities. Various companies in the country have been closed due to the increasing dominance of local companies. Although majority of the visiting business people, students and expats that travel to the country prefer to rent a car for long term/ service tenure. Egypt car rental market has declined at a CAGR of ~%, over the period, 2010-2015 and slumped to USD ~ million in 2015 from USD ~ million in 2010.

  3. Figure: Egypt Car Rental And Leasing Market Size On The Basis Of Revenue In USD Million And Fleet Size In Numbers, 2010-2015

  4. The improvement of the tourist arrival despite slow start has set the industry to a recovery path as seen in lower decline rate in 2015. The economic summit in Egypt has been a major factor contributing to the tourism recovery. Moreover, the government has been taking certain steps to improve tourism which will then have a direct positive impact on the car rental market in Egypt. Ministry of tourism has been promoting Egypt as a big travel destination all over the world. The recovery in the sector and the economic investment is expected to impact the car rental market in a positive way.

  5. Which Segments Have Driven Egypt Car Rental And Leasing Market? • Egypt Car rental market has been differentiated into three segments including car leasing, car sharing and Chauffeur driven car. Car leasing segment dominated the Egypt car rental market with the market share ~% by revenue, in 2015. Short term car rental segment is observed to follow the car leasing segment. The segment has experienced decline over the span of five years from 2010 to 2015 and has recorded revenue share of ~% and ~% in the respective years. Chauffeur driven car segment has gained much demand over the span of five years. The segment was responsible for ~% of the revenue share in 2010, which has increased to ~% in 2015. Recovering number of tourists in the country is the prime reason which has contributed towards the growth of this segment in recent years.

  6. Figure: Egypt Car Leasing Market Segmentation By Industry Verticals (Oil And Gas, Construction, Trading Companies And Others) On The Basis Of Revenues In Percentage (%), 2015

  7. The Egypt car leasing has been characterized by a high amount of revenue from the trading companies in comparison to oil and gas companies which account for a higher revenue share in other countries such as UAE and Saudi Arabia. The trading companies held a share of ~% in the revenues earned by the car leasing companies in Egypt. The revenues of car leasing from construction sector has proportionate a share of ~% during 2015. The other sectors such as medical companies and IT-BPO sector has contributed a share of ~% in the revenues earned from car leasing in Egypt

  8. What Is The Competition Scenario In Egypt Car Rental And Leasing Market? • Car Rental market in Egypt has been distinguished by severe price and services competition. The industry has been driven by various parameters such as price, customer service quality and various other factors. The major purpose of car rental industry in the country is to offer travelers’ with access to safe, reliable vehicles as and when the individual requiring such cars. The Egypt car rental industry has been predominantly held by four major players namely; Europcar, Sixt, Avis Hala, Budget and Others.

  9. What Is The Future Outlook For Egypt Car Rental And Leasing Market? • The announcement of the Red Sea Bridge joining Saudi Arabia and Egypt has provided hopes for the car rental market in the Egypt since a large portion of the car rental market; especially the leasing market is derived by the trading companies. The bridge connecting Saudi Arabia with Egypt will boost trade as the two countries signed 17 agreements to enhance bilateral ties. Thus by connecting the two countries, two continents are joined i.e. Asia and Africa; this will bolster the trade between the two continents through Egypt and Saudi and hence provide an impetus to the car rental market in the country.

  10. Figure: Egypt Car Rental And Leasing Market Future Projections By Revenues And Fleet Size, 2016-2020

  11. Key Factors Considered In The Report • Comprehensive analysis of the Egypt Car Rental and Leasing Market and its segments • Listed major players and their positioning in the market • Identified major industry developments in last few years and assess the future growth of the industry • Government roles to understand the regulatory environment in each country • Comprehensive analysis of major segments in the Car Rental and Leasing Market in Egypt

  12. Disclaimer • The research reports provided by Ken Research are for the personal information of the authorized recipient and is not for public distribution and should not be reproduced or redistributed without prior permission. None of this material may be used for any commercial or public use until unless authorized by Ken Research. The report will only be used as per the license rights authorized by Ken Research. • The information provided in the research documents is from publicly available data and other sources, which are reliable. Efforts are made to try and ensure accuracy of data. With respect to documents available, neither the company nor any of its employees makes any warranty, express or implied, including the warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use will not infringe privately owned rights.

  13. Source : https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/egypt-vehicle-leasing-market/42908-100.html • Contact: Ken ResearchAnkur Gupta, Head Marketing & CommunicationsAnkur@kenresearch.com+91-9015378249 • Website : https://www.kenresearch.com/

  14. Thank you

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