Key Market Indicators
Egypt's car registration is projected to hit approximately 266,000 units by 2028, up from around 205,000 units in 2023. This marks an annual growth rate of 4.1%, according to recent data. Since 2010, Egyptian demand has seen a yearly increase of 7.1%. In 2023, Egypt ranked 47th globally, with Peru slightly ahead at the same number of units. Indonesia, Austria, and Belgium secured the 2nd, 3rd, and 4th positions, respectively. On the production front, Egypt is expected to produce about 31,000 units by 2028, growing from an estimated 26,000 units in 2023. This represents an annual growth rate of 2.4%. Since 2002, the country's car production has increased by 7.4% annually. In 2023, Egypt ranked 43rd in global car production, with Belarus surpassing it at the same number of units. Japan, Germany, and India took the 2nd, 3rd, and 4th spots, respectively.
