Forecast: Commercial Vehicles in Use in Egypt

The commercial vehicle market in Egypt has displayed varying trends over the past decade. From 2013 to 2019, the market showed steady growth. However, there was a significant dip in 2020, with a year-on-year variation of -15.2%, influenced likely by global events. A resilient bounce back occurred in 2021 with a 16.84% increase. In 2023, the market stood at 1.57 million units, with an annual growth rate slowing to 1.92%. The five-year CAGR from 2018 to 2023 was 2.09%, reflecting moderate growth.

Future trends to watch for:

• The forecasted five-year CAGR from 2024 to 2028 is 1.49%, indicating a relatively slow but consistent growth rate.
• By 2028, the market is expected to reach 1.72 million units, representing a 7.69% growth over five years.
• Factors such as economic conditions, government policies, and technological advancements will likely influence future trends in the commercial vehicle market in Egypt.