Growth of
four wheeler vehicle sales: 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, with the majority – approximately 5.0 million – being
passenger cars. New vehicle sales in Egypt have recently grown, currently
standing at more than 200,000 units per year. Around half of this figure is
assembled locally. Egypt is home to notable local vehicle assemblers like GB
Auto, General Motors Egypt / Mansour Automotive, and Nissan.
Government
Support to promote Green Energy: The
government of Egypt 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. The share of CNG-powered
vehicles is increasing further, which will open up new industry segments and
growth opportunities for the aftermarket in Egypt.
Rise of
E-Commerce Channel for Aftermarket: 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.
Change in
Installment Rates by Central Bank of Egypt: The Central Bank of Egypt, during the year 2020, decided to raise the
maximum installment allowed from a customer's total fixed income to 50% from
the existing 40%. This made it easier to acquire loans and hence, led to more
car purchases. Banks have taken initiatives to ease procedures for car loans,
various offers are made by car dealers, and the government has launched
older-vehicle replacement and conversion initiative.
Zero Tariff
on Cars: There exists zero tariff on cars
from the European Union, under the GATT (General Agreement on Tariffs and
Trade) agreement. The agreement stipulates establishing a free trade area in
the span of a transitional period of 12 years from the date of enforcement. It
also liberalizes the Egyptian imports of industrial goods with European origins
for up to 16 years. Egypt implemented the trade cooperation agreement with the
European Union in 2010, so European Car customs began to decline.
International
Economic Agreements: Due to a
number of international economic agreements having been signed by Egypt, there
has been a negative effect on the country's car manufacturing industry. The
agreements led to an increase in the sales volume of imported cars which
benefit from customs exemption. The sales volume of European-origin cars
increased from 11% in 2018 to almost 20% in 2019.
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.
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
Egypt Spare
Parts Aftermarket Segmentation
- By Expenditure Category
- Services
- Spare Parts & Consumables
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTgxNjUy
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
- 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
Related
Reports
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Research
Ankur
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