The report titled “Egypt Used Car Market Outlook to 2026 – Driven by Shift in Consumer Demand along with Growth of Online Used Car Platforms and Availability of Financing Options” provides a comprehensive analysis of the used car market and sales in Egypt. The report also covers overview and genesis of the industry, used car market size in terms of total revenue generated for total used car volume sales with average price of used car and used to new car ratio; market segmentation by type of market structure, type of car, type of manufacturers, by Kms driven, by age of car, by city, by source of lead generation and by age of customer; snapshot on Online used Car Market, trends and developments, issues and challenges and comparative landscape including competition scenario based on cross comparison in Egypt. The report concludes with future market projections of each used car segmentation and Analyst recommendations for Marketing & Promotional Strategies including Business Framework.
Market Overview and Size
Egypt Used Car Market comprise of entities such as Organized OEM’s, Multi-Brands and Online Classified platforms along with banking institutions providing used car financing services and has grown at a steady growth rate over the review period 2021-2026F. The growth is supported by increase in millennials population in the country and the emerging players entering into the market are focusing extensively on consumer experience and data. Growth is further supported by manufacturers’ investments in expanding the network of used cars dealers, building the brand and enabling customers to choose this option.
Detailed Analysis on the Egypt Used Car Market
By Type of Market Structure: With huge presence, Un-organized Sector outnumbers the Organized Sector of Used Car Market in Egypt. Independent dealers (Car Tents) have major influence on the market due to large presence across the country. These dealers are increasing their online presence by listing their inventory on their own website/Facebook account or platforms, thereby attracting customers.
By Type of Car: Market Segmented on the basis of sale of the number of used car by type (Sedan, SUVs and Hatchback/Economy) where Sedan is the most preferred choice of consumers in Egypt.
By Type of Manufacturer: Hyundai accounted for the highest market share on the basis of used car sales volume in 2021; attributed to its low maintenance cost and better mileage capability followed by Kia and Nissan.
By Kilometers Driven: Consumers prefer good condition used car with average kms driven by a used car lies in between 80,000 to 120,000 kms.
By Age of Vehicle: The average age of used car lies in between 2 to 6 years accounting for majority of the total used car volume sales in Egypt.
By City: Cairo and Giza accounts for majority of the total used car volume sales in Egypt. Majority of used car listing on used car platforms such as Hatla2ee, Yallamotor & Olx also arise from Cairo & Giza.
Brand Source of Lead Generation: Online sourcing and advertisement are the key lead generations where companies get revenue from. Due to major online presence of many players, online platforms dominate the market.
Request for Sample Report @ https://kenresearch.com/sample-report.php?Frmdetails=NTM2Mjk2
Competitive Landscape in Used Car Market in Egypt
Competition was observed to be fragmented among the top 2-3 players ruling the market. Auto mark Toyota contributing majority of the share in used car sales in the list of Major OEMs. Elmasria on the other hand is the leading player Major Multi-Brand with highest volume of used car sales in units. Regional company, Hatla2ee, Online Auto-Classified, dominates the market in terms of most number of listings catering major regions in Egypt.
Egypt Used Car Market Future Outlook and Projections
Over the forecast period 2022-2026F, the Egypt Used Car Market Revenue is further anticipated to increase showcasing a CAGR of 15.3%. The used Cars sales volume is expected to get doubled during this period with slight increase in price. More players and manufacturers are expected to enter into the used car market with unorganized sector remains to be dominant. Rising Millennials, Digital Transformation and collaborations among players with increase in demand of used cars will drive the Egypt used car market.
Key Segments Covered of Egypt Used Car Market
- Organized Sector
- OEM Certified Dealers
- Local Multi-Brand Dealership
- Unorganized Sector
- C2C
- Independent Brokers
- Local Dealers
- By Type of Car
- Sedan
- Suv
- Hatchback/Economy
- By Manufacturer
- Hyundai
- Kia
- Nissan
- Toyota
- Chevrolet
- Fiat
- Mitsubishi
- Others
- By Kms Driven
- 5,000-35,000
- 35,000-80,000
- 80,000-120,000
- Above 120,000
- By Age of Vehicle
- 0-2 years
- 2-6 years
- 6-8 years
- 8 years or more
- By City
- Cairo & Giza
- Mansoura, Delta. Suez Canal
- Alexandria
- Others
- By Source of Lead Generation
- Online
- Offline
Key Target Audience
- Used Car Companies
- OEMs
- Multi-Brands
- Online Used Car Portals
- Used Car Financing Companies
- Government Bodies
- Investors & Venture Capital Firms
- Used Car Dealerships
- Used Car Industry
- Used Car Manufacturing Companies
- Used Car Distributors
- Used Car Auction Houses
- Used Car Associations
Time Period Captured in the Report:
- Historical Year: 2016-2021
- Forecast Period: 2021–2026F
Companies Covered:
Major OEMs
- Auto mark Toyota
- BMW Pre-Owned & Mini-Cooper Approved
- Mercedes Benz Certified
- Volvo Select
- Porshe Approved
- Land Rover Approved
- Mesarati Approved
Major Multi-Brands
- Ellaithy Auto Groups
- Fabrika
- Elmasria Auto
- Abaza Auto Trade
Major Online Auto-Classifieds
- Hatla2ee
- Yallamotor
- Olx
- Opensooq
- CarSemsar
- Contactcars
Key Topics Covered in the Report
- Egypt Automotive Market Overview
- Egypt Used Car Market Overview
- Market Ecosystem
- Value chain Analysis
- Customer Buying Journey in Egypt
- Decision Making Parameters for Customers
- Offline and Online Business Models
- Detailed Analysis on ‘Egypt Used Car Market’ (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward
- Snapshot on Online Used Car Platforms in Egypt
- Snapshot of Used Car Auction House in Egypt
- Snapshot of Finance Market in Egypt
- Business Opportunity (Customer Profile Analysis)
- Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)
For more information on the research report, refer to below link:
Egypt Used Car Market Outlook to 2026
Related Reports
Follow Us
LinkedIn | Facebook | Twitter | YouTube
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
No comments:
Post a Comment