Key Market Indicators
Egypt's vehicle registration figures are projected to hit approximately 353,000 units by 2028, up from around 271,000 units in 2023. This growth reflects an average annual increase of 4.2%. Since 2010, the Egyptian vehicle market has seen an average yearly growth rate of 8%. In 2023, Egypt ranked 51st globally in vehicle registration, a position overtaken by Finland, which also registered about 271,000 units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth positions, respectively. Meanwhile, vehicle production in Egypt is expected to decline slightly. By 2028, production is set to reach roughly 56,000 units, down from about 57,000 units in 2023, indicating an annual decrease of 0.2%. Since 2002, the country's vehicle supply has fallen by an average of 3.7% annually. In 2023, Egypt ranked 39th in vehicle production, just behind Kazakhstan, which produced approximately 57,000 units. The top spots in vehicle production were held by the United States, Japan, and Germany, ranking second, third, and fourth, respectively.
