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Egypt Car Rental and Leasing Market Forecast to
2020 Ken Research
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  How Egypt Car Rental And Leasing Market Is
Positioned?
The car rental market in Egypt has been on a
downward trend since the past few years from
2010-2015 majorly due to the presence of various
obstacles such as local supply, poor roads, GPS,
government regulation and poor infrastructure
facilities. Various companies in the country have
been closed due to the increasing dominance of
local companies. Although majority of the
visiting business people, students and expats
that travel to the country prefer to rent a car
for long term/ service tenure. Egypt car rental
market has declined at a CAGR of , over the
period, 2010-2015 and slumped to USD million in
2015 from USD million in 2010.
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Figure Egypt Car Rental And Leasing Market Size
On The Basis Of Revenue In USD Million And Fleet
Size In Numbers, 2010-2015
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The improvement of the tourist arrival despite
slow start has set the industry to a recovery
path as seen in lower decline rate in 2015. The
economic summit in Egypt has been a major factor
contributing to the tourism recovery. Moreover,
the government has been taking certain steps to
improve tourism which will then have a direct
positive impact on the car rental market in
Egypt. Ministry of tourism has been promoting
Egypt as a big travel destination all over the
world. The recovery in the sector and the
economic investment is expected to impact the car
rental market in a positive way.
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Which Segments Have Driven Egypt Car Rental And
Leasing Market?

• Egypt Car rental market has been differentiated
  into three segments including car leasing, car
  sharing and Chauffeur driven car. Car leasing
  segment dominated the Egypt car rental market
  with the market share by revenue, in 2015.
  Short term car rental segment is observed to
  follow the car leasing segment. The segment has
  experienced decline over the span of five years
  from 2010 to 2015 and has recorded revenue share
  of and in the respective years. Chauffeur
  driven car segment has gained much demand over
  the span of five years. The segment was
  responsible for of the revenue share in 2010,
  which has increased to in 2015. Recovering
  number of tourists in the country is the prime
  reason which has contributed towards the growth
  of this segment in recent years.

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Figure Egypt Car Leasing Market Segmentation By
Industry Verticals (Oil And Gas, Construction,
Trading Companies And Others) On The Basis Of
Revenues In Percentage (), 2015
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• The Egypt car leasing has been characterized by a
  high amount of revenue from the trading companies
  in comparison to oil and gas companies which
  account for a higher revenue share in other
  countries such as UAE and Saudi Arabia. The
  trading companies held a share of in the
  revenues earned by the car leasing companies in
  Egypt. The revenues of car leasing from
  construction sector has proportionate a share of
  during 2015. The other sectors such as medical
  companies and IT-BPO sector has contributed a
  share of in the revenues earned from car
  leasing in Egypt

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What Is The Competition Scenario In Egypt Car
Rental And Leasing Market?

• Car Rental market in Egypt has been distinguished
  by severe price and services competition. The
  industry has been driven by various parameters
  such as price, customer service quality and
  various other factors. The major purpose of car
  rental industry in the country is to offer
  travelers with access to safe, reliable vehicles
  as and when the individual requiring such cars.
  The Egypt car rental industry has been
  predominantly held by four major players namely
  Europcar, Sixt, Avis Hala, Budget and Others.

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What Is The Future Outlook For Egypt Car Rental
And Leasing Market?

• The announcement of the Red Sea Bridge joining
  Saudi Arabia and Egypt has provided hopes for the
  car rental market in the Egypt since a large
  portion of the car rental market especially the
  leasing market is derived by the trading
  companies. The bridge connecting Saudi Arabia
  with Egypt will boost trade as the two countries
  signed 17 agreements to enhance bilateral ties.
  Thus by connecting the two countries, two
  continents are joined i.e. Asia and Africa this
  will bolster the trade between the two continents
  through Egypt and Saudi and hence provide an
  impetus to the car rental market in the country.

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Figure Egypt Car Rental And Leasing Market
Future Projections By Revenues And Fleet Size,
2016-2020
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Key Factors Considered In The Report

• Comprehensive analysis of the Egypt Car Rental
  and Leasing Market and its segments
• Listed major players and their positioning in the
  market
• Identified major industry developments in last
  few years and assess the future growth of the
  industry
• Government roles to understand the regulatory
  environment in each country
• Comprehensive analysis of major segments in the
  Car Rental and Leasing Market in Egypt

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