Forecast: Number of Goods Road Vehicles in Egypt

The number of goods road vehicles in Egypt has experienced various fluctuations over the past decade, standing at 1.56 million units in 2023. The year-on-year variation for 2022-2023 was 2.28%. Over the last five years (2018-2023), the Compound Annual Growth Rate (CAGR) was 2.5%. A significant decline was noted in 2020 with a -14.84% year-on-year decrease, but the market recovered quickly in 2021 with a 17.32% year-on-year increase.

Looking ahead, the CAGR for the forecast period (2024-2028) is estimated at a moderate 1.75%, with an overall growth rate of 9.07%. This suggests a steady but slower growth compared to previous periods.

Future trends to watch for:

• Impact of economic conditions on vehicle demand.
• Influence of government policies on transportation and logistics sectors.
• Technological advancements in vehicle manufacturing and logistics.
• Sustainability initiatives and their effect on fleet modernization.