The report titled “Egypt Automotive Aftermarket Service Industry Outlook to 2027: Driven by burgeoning population, vehicle sales growth and government moves to combat auto emissions” provides a comprehensive analysis on the status of aftermarket service industry in Egypt. The report covers various aspects including automotive aftermarket service industry market size on the basis of revenue and number of vehicles serviced, ecosystem of major entities in aftermarket service industry in Egypt, trends & developments, issues & challenges faced by the industry, government regulations, SWOT Analysis, Porter 5 forces analysis, pain points in OEM and multi brand aftersales workshops, opportunities in OEM and multi brand aftermarket industry, market size of spare parts aftermarket industry in Egypt, ecosystem by different type of spare parts & consumables market, competition in OEM Workshops, and other aspects. Further, the report focuses on the Egypt Four Wheeler Aftermarket Service Industry Segmentation by Type of Workshop (Organized Multi-Brands and OEMs); by Type of Vehicle Serviced (Sedans, SUVs, Hatchbacks, MPVs and Crossover); by Age of Car (0-2 Years, 2-4 Years, 4-6 Years, 6-8 Years, Above 8 Years); by Region (Greater Cairo, Alexandria, Mansour, Delta and Suez Canal, and Others); by Booking Mode (Online, and offline); By Car Brand (Chevrolet, Toyota, Hyundai, Nissan, Kia, and Others); and by Service Split (Mechanical and Electrical, General, Body Care, Body Repair).
Egypt Four Wheeler Aftermarket
Service Industry report concludes with projections for the future of the
industry including forecasted revenue and number of vehicle serviced by 2027,
and analysts’ take on the future highlighting the major opportunities.
Egypt Four Wheeler Aftermarket Service Industry
Overview:
The Four Wheeler Aftermarket
service industry in Egypt recorded a CAGR of ~14.5% on the basis of revenue in
between 2016 and 2021. The automobile industry in general, is currently in its
growth stage in the country. While the industry began more than 60 years ago,
the market is highly under-penetrated with less than 50 people per 1000
population owning a car. Consequently, the relative youth of this industry also
provides growth prospects for its allied sector that is the aftermarket.
A boom in Egypt’s automotive
aftermarket industry is being fuelled by a burgeoning population, vehicle sales
growth and government moves to combat auto emissions. The combination of these
factors, against a backdrop of post-pandemic economic growth, has accelerated
the Egyptian market for car spare parts, accessories, and vehicle components.
Egypt is also taking bold steps
to replace internal combustion engines with more environmentally friendly
alternatives. Last year the government announced an initiative to encourage
consumers to replace old vehicles for new ones operating on CNG engines with
extended credit facilities among its green program incentives.
Egypt’s automotive aftermarket is
accelerating and has been dubbed “one of Africa’s most exciting markets” as its
motoring population and vehicle sales grow. The growth has fed into the
aftermarket, with the country now being home to one of Africa’s largest vehicle
fleets with around six million vehicles on the country’s roads.
Drivers and
Impediments to growth:
Egypt boasts of one of the
largest vehicle fleets in Africa, with around 6 million vehicles on road of
which 5.0 million are passenger cars which are primarily petrol-powered.
Egypt already has a steady base
of cars using CNG (Compressed Natural Gas), and this number is very likely to
increase going forward. Egypt happens to be the largest recipient of FDI
(Foreign Direct Investment) in Africa for several years, driven by continuous
economic and fiscal reforms. A growing trend has been observed in the Egyptian
aftermarket in the e-commerce channel, with platforms such as Odiggo, Tawfiqia
and Egyparts gaining visibility among the public. The Egyptian aftermarket is
ripe for growth and to offer up great opportunities for parts producers,
distributors, and service providers, local producers, suppliers, etc.
Egypt Spare Parts Aftermarket Market:
Egypt’s spare parts aftermarket
industry has been expanding at a CAGR of ~24% in between FY’16 and FY’21.
Spike in population, vehicles sales, strong economy and foreign investment has
accelerated the Egyptian market for car spare parts, accessories, and vehicle
components. Egypt’s automobile spare parts market has witnessed a lull in
demand during the current period, despite dealers making many discounts on
products available. Egypt is considered to be the hub for automotive spare
parts and services. Major spare parts suppliers in Egypt include Sachs, Hengst,
DONGIL, Valeo, Mobis, Mando, VARTA, among others.
Competitive
Landscape in Egypt Four Wheeler Aftermarket Service Industry
The competition structure in
Egypt four wheeler aftermarket service industry is fragmented in nature with no
single player accounting for majority of the market share. There is High
Competitive Rivalry as there are a lot of players in the market currently.
Players in this space have a wide presence nationwide, along with competitive
pricing and a wide portfolio of spare part and service employees. Rights for
OEM servicing are available with brands who have exclusive distributorship in
the country.
The competition in aftermarket
industry is segregated between OEMs, and Multi Brand workshops. Both of these
workshops compete on the basis of services offered, Model of operations,
quality of service, sourcing of spare parts, and booking mode. With car-makers
offering warranties of upto 5 years on new vehicles, people are using
OEM-outlets as well actively for having their cars serviced. Switches to
organized multi-brand/unorganized multi-brand centers happen mostly when the
warranty period of the car has run out. Players like Ghabbour Auto Group,
Al-Mansour Automotive, Ezz-Elarab Automotive Group, etc are providing car care
services in Egypt. Also there are more players coming in the market, especially
the Chinese like Car Viseta, MAYDAY Assistance Services, 7 Cylinders, etc.
Egypt Four Wheeler Aftermarket Service Market
Future Outlook and
Projections
The market size on the basis of
revenue is expected to grow at a CAGR of ~19%. Number of Four-Wheeler Parcs in
Egypt is expected to expand at a CAGR of ~5% in between 2021 and 2027E.
Passenger vehicle sales is estimated to surge rapidly, attributed to growing
purchasing power of the consumers in Egypt. Also, there are lots of
opportunities for e-vehicles in Egypt, considering high urban density, and
Egypt's potential for local production.
The Egyptian aftermarket is ripe
for growth and to offer up great opportunities for parts producers,
distributors, and service providers. But the increasing competition from local
producers may mean overseas suppliers will need to invest in their own
on-the-ground structures or seek out ways to add value locally to increase
market shares.
Key Segments
Covered in Egypt Four Wheeler Aftermarket Service Industry
- Egypt Four Wheeler Aftermarket size by
- Revenue generated
- Number of Vehicles Serviced
- Market Segmentation By Type of Workshop
- Organized Multi-Brands
- OEMs
- Market Segmentation By Type of Vehicle
Serviced
- Sedan
- SUV
- Hatchback
- MPVs
- Crossover
- Market Segmentation By Age of Car
- 0-2 Years
- 2-4 Years
- 4-6 Years
- 6-8 Years
- Above 8 Years
- Market Segmentation By Region
- Greater Cairo
- Alexandria
- Mansour, Delta and Suez Canal
- Others
- Market Segmentation By Booking Mode
- Online
- Offline
- Market Segmentation By Car Brand
- Chevrolet
- Toyota
- Hyundai
- Nissan
- Kia
- Others
- Market Segmentation By Service Split
- Mechanical and Electrical
- General
- Body Care
- Body Repair
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Egypt Spare
Parts Aftermarket Segmentation
- By Expenditure Category
- Services
- Spare Parts & Consumables
Key Target
Audience
- Automotive Companies
- OEM Vehicle Service Companies
- Multi Brand Vehicle Service Companies
- Automotive Spare Parts Companies
Time Period
Captured in the Report:
- Historical Period: FY’2016-FY’2021
- Forecast Period: FY’2021-FY’2027
Automotive
Aftermarket Service Companies in Egypt:
- OEMs
- Ghabbour Auto Group
- Al-Mansour Automotive
- Abou Ghaly Motors
- Ezz-Elarab Automotive Group
- Kasrawy Group
- El-Nasr Automotive
- Star National Automotive
- El-Tarek Automotive
- National Motors
- Organized Multi-Brand Players
- Car Viseta
- SIXT
- FMS Egypt
- MAYDAY Assistance Services
- 7 Cylinders
- Auto Zone
- Auto Spot Service Centre
- Car Clinic
- Spare-Part Importers
- SMG Engineering Automotive Company
- Ezzat Kamel Co.
- Tiba Auto Spare Parts
- El-Watania Auto Parts
- Ramtrade
- El-Magd
- Nossir Auto Parts
- A-Part
Key Topics
Covered in the Report
- Egypt Four Wheeler Aftermarket Service
Industry Overview
- Ecosystem of Major Entities in Egypt Four
Wheeler Aftermarket Service Industry
- Comparison of Egypt Automotive Industry with
other Countries
- Market Size on the basis of Revenue and Number
of Vehicles Serviced, FY’16-FY’21
- Vehicle Parc in Egypt, FY’16-FY’21
- Egypt Four Wheeler Aftermarket Service
Industry Segmentation, FY’21
- Comparison of Top Offline Workshops for Car
Servicing in Egypt
- Trends and Developments in Egypt Four-Wheeler
Automotive Aftermarket Services Industry
- Issues & Challenges in Egypt Four-Wheeler
Automotive Aftermarket Services Industry
- Government Role & Regulations for Egypt
Four-Wheeler Automotive Aftermarket Services Industry
- Analysis of Multi-Brand and OEM Workshops in
Egypt
- Spare Parts Landscape in Egypt
- Operating Model of Spare parts in Egypt
- Market Size of Spare Parts Aftermarket in
Egypt
- Ecosystem of Major Entities in Spare Parts and
Consumables Industry in Egypt
- Future Outlook of the Four Wheeler Aftermarket
Services Industry in Egypt
- Future Market Size on the basis of Revenue and
Number of Vehicles Serviced, 2021-2027E
- Future Market Size of Spare Parts Aftermarket
in Egypt
- Analyst Recommendation
- Industry Speaks
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