Key Market Indicators
Egyptian vehicle registrations are projected to rise to approximately 353,000 units by 2028, up from around 271,000 units in 2023. This marks an average annual growth rate of 4.2%. Since 2010, the Egyptian market has seen an 8% year-on-year increase. In 2023, Egypt ranked 51st globally, with Finland surpassing at the same 271,000 units. Canada, China, and Austria took the second, third, and fourth spots respectively in the global ranking. On the production front, Egypt is expected to see a slight decline, with vehicle production estimated to reach about 56,000 units by 2028, down from roughly 57,000 units in 2023. This represents an average annual decrease of 0.2%. Since 2002, Egypt's vehicle supply has decreased by 3.7% annually. In 2023, Egypt ranked 39th worldwide, with Kazakhstan overtaking at 57,000 units. The United States, Japan, and Germany held the second, third, and fourth positions respectively in the global production ranking.
