Forecast: Number of Lorries in Egypt

The number of lorries in Egypt is forecasted to increase steadily over the next five years, starting from 1.49 million units in 2024 and reaching 1.62 million units by 2028. This shows a consistent annual growth trajectory. In 2023, the actual number of lorries stood at 1.46 million units.

The year-on-year percentage variation in the number of lorries from 2024 to 2025 is expected to be approximately 2.01%, from 2025 to 2026 around 2.63%, from 2026 to 2027 approximately 1.92%, and from 2027 to 2028 about 1.89%. Over the last two years, from 2022 to 2024, the average annual growth rate (CAGR) is estimated to be around 1.98%.

Future trends to watch for:

• Technological advancements in lorry manufacturing and logistics might influence growth rates.
• Government regulations and policies related to transportation and emissions standards could impact the market.
• Expansion of infrastructure projects and investments in the logistics sector could drive demand further.
• Economic factors, such as inflation and fuel prices, will also play a critical role in future trends.