In 2023, the number of lorries in Egypt stood at 1.46 million units. For the forecasted period from 2024 to 2028, the number of lorries is expected to increase steadily. The projections show the number of lorries will rise to 1.49 million in 2024, up from 2023 by 2.05%. This growth trajectory continues with a 2.01% increase in 2025, a 2.63% increase in 2026, a 1.92% increase in 2027, and a 1.89% increase in 2028. Over the full forecast period, the compound annual growth rate (CAGR) is projected to be approximately 2.10%.

Key Future Trends to Watch:

Emergence of electric and hybrid lorries driven by environmental regulations could alter market dynamics.
Investment in infrastructure projects might increase the demand for lorries for logistical support.
Advancements in technology and automation could enhance the efficiency and productivity of lorries, shaping market needs.
Regulatory changes, such as emissions standards, could impact fleet composition and replacement rates.