Forecast: Passenger Cars Registrations in Egypt

The passenger car registration trend in Egypt over the last decade has been characterized by significant fluctuations. Following a peak in 2014, registrations decreased dramatically, hitting a low in 2017. Since then, there has been a recovery with steady increases each year, standing at 205.47 thousand units in 2023. Year-on-year growth has been positive since 2018, exhibiting a gradual yet steady rise.

The Compound Annual Growth Rate (CAGR) over the last five years has averaged 7.09%, reflecting healthier market conditions and a recovery phase. Moving forward, the forecasted growth rate over the next five years is projected at a CAGR of 4.08%, with an overall growth rate of 22.13% by 2028.

Future trends to watch for include the impact of economic policies and potential shifts toward electric vehicles, driven by global environmental mandates and technological advancements, which could further influence passenger car registrations in Egypt.