Gurugram, India, Aug. 01, 2022 (GLOBE NEWSWIRE) --
- Egypt’s automotive aftermarket is accelerating and has been dubbed “one of Africa’s most exciting markets” as its motoring population and vehicle sales grow rapidly.
- E-commerce is fast emerging as a significant aftermarket force through highly visible platforms such as Odiggo, Egyparts and Amazon Egypt.
- A burgeoning population, vehicle sales growth, is fueling a boom in Egypt’s automotive aftermarket industry and government moves to combat auto emissions.
Growth stage for Egypt Automotive Aftermarket: The growth has fed into the aftermarket, with the country now being home to one of Africa’s largest vehicle fleets with around six million vehicles on the country’s roads, with the majority – approximately 5.0 million – being passenger cars. The car parc is further expected by ~5% in the next five years. Most passenger cars are petrol-powered, while many commercial vehicles rely on diesel engines but that could soon change. The government is increasing the share of dual-fuel cars, which can use both petrol and compressed natural gas (CNG). Around 300,000 vehicles in Egypt already use CNG. This number will likely increase further over the next years.
Emergence of E-Commerce: E-commerce is fast emerging as a significant aftermarket force through highly visible platforms such as Odiggo, Tawfiqia, Egyparts and Amazon Egypt. The Egyptian aftermarket is ripe for growth and to offer up great opportunities for parts producers, distributors, and service providers, but increasing competition from local producers may mean overseas suppliers will need to invest in their own on-the-ground structures or seek out ways to add value locally to increase market shares.
Government moves to combat auto emissions: Egypt is also taking bold steps to replace internal combustion engines with more environmentally friendly alternatives. Last year the government announced an initiative to encourage consumers to replace old vehicles for new ones operating on CNG engines with extended credit facilities among its green program incentives.
Brand make-up of the country: Even the brand make-up of the country’s vehicle fleet is changing. The significant market shares held by Chevrolet/Isuzu, Hyundai, Toyota, and Nissan could be eroded by the entry of European and Chinese brands fueled by preferential import duties.
Growth in local manufacturing: Change is also coming to Egypt’s heavily import-driven aftermarket, which is dominated by Asian suppliers, namely China, Korea, and Japan. However, Germany and the US now rank among the country’s top ten suppliers of parts and components and globally leading brands enjoy relatively high market shares for crucial parts. But the local component manufacturing market is gaining ground and supplying local vehicle assemblers, the aftermarket and export markets with a range of batteries, brake parts, wiring and filets.
The report titled “Egypt Automotive Aftermarket Service Industry Outlook to 2027: Driven by burgeoning population, vehicle sales growth and government moves to combat auto emissions” provides a comprehensive analysis on the status of aftermarket service industry in Egypt. The report covers various aspects including automotive aftermarket service industry market size on the basis of revenue and number of vehicles serviced, ecosystem of major entities in aftermarket service industry in Egypt, trends & developments, issues & challenges faced by the industry, government regulations, SWOT Analysis, Porter 5 forces analysis, pain points in OEM and multi brand aftersales workshops, opportunities in OEM and multi brand aftermarket industry, market size of spare parts aftermarket industry in Egypt, ecosystem by different type of spare parts & consumables market, competition in OEM Workshops, and other aspects. Further, the report focuses on the Egypt Four Wheeler Aftermarket Service Industry Segmentation by Type of Workshop (Organized Multi-Brands and OEMs); by Type of Vehicle Serviced (Sedans, SUVs, Hatchbacks, MPVs and Crossover); by Age of Car (0-2 Years, 2-4 Years, 4-6 Years, 6-8 Years, Above 8 Years); by Region (Greater Cairo, Alexandria, Mansour, Delta and Suez Canal, and Others); by Booking Mode (Online, and offline); By Car Brand (Chevrolet, Toyota, Hyundai, Nissan, Kia, and Others); and by Service Split (Mechanical and Electrical, General, Body Care, Body Repair).
Egypt Four Wheeler Aftermarket Service Industry report concludes with projections for the future of the industry including forecasted revenue and number of vehicle serviced by 2027, and analysts’ take on the future highlighting the major opportunities.
Key Segments Covered in Egypt Four Wheeler Aftermarket Service Industry:-
Egypt Four Wheeler Aftermarket size by
- Revenue generated
- Number of Vehicles Serviced
Market Segmentation By Type of Workshop
- Organized Multi-Brands
- OEMs
Market Segmentation By Type of Vehicle Serviced
- Sedan
- SUV
- Hatchback
- MPVs
- Crossover
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Market Segmentation By Age of Car
- 0-2 Years
- 2-4 Years
- 4-6 Years
- 6-8 Years
- Above 8 Years
Market Segmentation By Region
- Greater Cairo
- Alexandria
- Mansour, Delta and Suez Canal
- Others
Market Segmentation By Booking Mode
- Online
- Offline
Market Segmentation By Car Brand
- Chevrolet
- Toyota
- Hyundai
- Nissan
- Kia
- Others
Market Segmentation By Service Split
- Mechanical and Electrical
- General
- Body Care
- Body Repair
Egypt Spare Parts Aftermarket Segmentation
By Expenditure Category
- Services
- Spare Parts & Consumables
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Key Target Audience:-
- Automotive Companies
- OEM Vehicle Service Companies
- Multi Brand Vehicle Service Companies
- Automotive Spare Parts Companies
Time Period Captured in the Report:-
- Historical Period: FY’2016-FY’2021
- Forecast Period: FY’2021-FY’2027
Automotive Aftermarket Service Companies in Egypt:-
- OEMs
- Ghabbour Auto Group
- Al-Mansour Automotive
- Abou Ghaly Motors
- Ezz-Elarab Automotive Group
- Kasrawy Group
- El-Nasr Automotive
- Star National Automotive
- El-Tarek Automotive
- National Motors
Organized Multi-Brand Players
- Car Viseta
- SIXT
- FMS Egypt
- MAYDAY Assistance Services
- 7 Cylinders
- Auto Zone
- Auto Spot Service Centre
- Car Clinic
- Spare-Part Importers
- SMG Engineering Automotive Company
- Ezzat Kamel Co.
- Tiba Auto Spare Parts
- El-Watania Auto Parts
- Ramtrade
- El-Magd
- Nossir Auto Parts
- A-Part
For more information on the research report, refer to below link:-
Egypt Automotive Aftermarket Service Industry
Indonesia's automotive aftermarket service industry revenue stood at USD ~ billion in 2021 and recorded a CAGR of 5.4% during 2015-2021. The multi-brand workshops dominate the Indonesian automotive aftermarket service industry due to their cheaper service fee and generalized service offerings. ~% of the after-sales care service market is captured by the multi-brand service centers owing to its low service & spare parts cost and high preference by post warranty car owners. OEM car service centers in Indonesia witness the majority of the pre-warranty cars visiting their centers. High-quality service, genuine spare parts and more reliability on the OEM service centers are other reasons why a customer prefers the OEM service centers in Indonesia.
Malaysia automotive aftermarket service industry revenue stood at USD ~ Bn in 2020 and recorded a CAGR of 2.9% during 2015-2020. Multi-brand car service centers are majorly preferred by the users with out-of-warranty cars. Lower cost of multi-brand service centers & Availability of quality spares from reputed suppliers is leading to the growth of multi-brand car service centers in Malaysia. OEM car service centers in Malaysia witness the majority of the pre-warranty cars visiting their centers. High-quality service, genuine spare parts, and more reliability of the OEM service centers are other reasons why a customer prefers the OEM service centers in Malaysia.
Vietnam‘s used car market experienced a slow down between 2015 and 2021 on the basis of gross transaction value. The decline in GTV as well as sales volume of used car industry is attributed to various government initiatives to support the growth of domestic automotive industry, and policies implemented such as reduction in import tax to 0% for cars imported from ASEAN region. Historically, motor bikes have always remained the top choice among the consumers due to high concentration of population belonging to rural regions having low purchasing power. However, due to rapid urbanization and fast growing middle class, the demand for new passenger cars has been growing significantly in recent times which in turn is contributing to the growth of automotive industry. Also, increased awareness on health and hygiene followed by the advent of COVID-19 is acting as a catalyst for the shift in consumer’s preference towards availing private transportation medium compared to public transportation. Leveraging the growing internet penetration rate, various online classified players launched their operation in Vietnam post 2013, such as Oto and Carmudi. The increasing preference of consumers towards availing digital medium for their purchases has enhanced the sales prospect via C2C channel through classified platforms.
The Four Wheeler Aftermarket service industry in UAE recorded a CAGR of 2.5% on the basis of revenue in between 2016 and 2021. The industry is currently in a Stagnant Growth phase, where neither much growth nor a decline has happened. The market growth can be attributed to the rapidly expanding automobile industry and enhanced focus of the automobile drivers on boosting their vehicle performance and efficiency in terms of exhaust sound, speed, and appearance parameters. Rising consumer awareness regarding repair and proper maintenance of vehicles and growing need for long-distance vehicles are fuelling the market growth.
The rapid adoption of online platforms by the market players and the use of advanced software and technologies creates lucrative growth opportunities for the UAE automotive aftermarket. Due to the stable fuel prices and high disposable income, there is high demand for private vehicles among consumers. Consumers are moving towards increased convenience and comfort and are availing of the aftermarket services through the online sales platform. Due to the economic pressures, it is expected that consumers are postponing their new car purchases for the next few years which would increase the average age of a vehicle, this would result as a positive gain for the aftermarket service industry.
The report also focuses on the India Two-Wheeler Aftermarket Services Industry Segmentation by Type of Vehicle (Motorcycles and Scooters); By Age of Two-Wheeler (0-2 years, 2-4 years, 4-6 years, 6-8 years and 8 years & above); By Region (North, South, East and West); By Service Split (Non-Crash Repair, Crash Repair and Body Care); By Type of Workshop (Organized & Unorganized Multi-Brand and OEM); By Type of Multi-Brand Outlet (Organized Outlet and Unorganized Outlet); By Brand (Hero MotoCorp, Honda, TVS, Bajaj Auto, Suzuki and Others), By Electric Two-Wheeler Brand (Hero Electric, Okinawa, Ather, Ampere, Pure EV and Others); By Type of Split for Aftermarket Spare Parts and Consumables (Spare Parts and Consumables); By Expenditure Category (Services, Spare Parts and Consumables) and By Booking Mode (Online and Offline). India Two-Wheeler Aftermarket Services Industry report concludes with projections for the future of the industry including revenue and number of vehicles serviced by 2027, industry speaks and analysts’ take on the future highlighting the major opportunities.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249
