This whitepaper explores the resurgence of the Egyptian Automotive aftermarket, which is heavily influenced by the dominance of multi-branded workshops. The reasons for the consumer’s preference for unorganized multi-brand garages over the OEM’s (Original equipment Manufacturer’s) service providers were analysed. The impact of the imports of spare parts within the automotive industry were taken into context to comprehensively understand the industry’s ecosystem and its future outlook. Read on to discover what influences a positive market outlook of the Egyptian automotive aftermarket.
1. A boom in Egypt’s automotive aftermarket Industry is being fueled by expanding population, growth of E-commerce channels and favorable government initiatives
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2. However, increasing car prices, halting of imports and changing brand make-up of country’s four-wheeler fleet are the major barriers for the industry’s growth
3. But, the government of Egypt had announced an initiative to encourage consumers to replace old vehicles with new vehicles operating on CNG engines which indirectly helps to revive the Auto-aftermarket
4. As a result, the Egypt Automotive Aftermarket Service Industry is estimated to expand at a double-digit CAGR between 2021 and 2027E on the basis of revenue generated
Some of the Intelligence Curated by Ken Research in Automotive Aftermarket Market Space:
- Global Electric Motor Market Outlook to 2027 Segmented by Motor Type (AC and DC), By Voltage Type ( Less Than 1 kV , Between 1 kV – 6 kV , Higher Than 6 kV), by Application( Commercial and Residential), By Geography ( Europe, Asia –Pacific, Latin America, Middle East and Africa
- Netherlands EV Charging Equipment Market Outlook to 2027 Driven by Rising Demand for Eco-friendly Transport and Strong Government Policies and Incentives
- UK EV Charging Equipment Market Outlook to 2027 Driven by Rising Demand for Eco-friendly Transport and Strong Government Policies and Incentives
- KSA Automotive Market Outlook to 2027 Driven by rising influx of women drivers and domestic manufacturing in the KSA
- USA EV & EV Charging Equipment Market Outlook to 2027 Driven by growing market driven by government support and customer drive towards cost-efficient mobility
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