Egypt Two-Wheeler Market

Egypt Two-Wheeler Market Overview

The automotive industry in Egypt is dominated by assembly-based supply chains and various automotive feeding companies. The government of Egypt is aiming towards the development of the automotive industry and also prepared to roll out a national program to encourage the local production of the vehicles and its feeding industries. The government also planned to attract various OEMs and Tier 1 companies in the country and is targeting USD 5 billion auto sector foreign direct investment over the next two years.

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Major Egypt Two-Wheeler Market Drivers

The major factors which are responsible for bolstering the growth of the Egypt two-wheeler market share include the increasing production of the two-wheelers owing to the rising sales of such vehicles and the growing prices of the cars in the country. In 2019, Egypt had around 1.5 million two-wheeler vehicles that were used for both personal transportation and delivery services. The market is highly reliant on the imports though the government is planning to cut down on imports by banning or imposing restrictions. Although, it will affect the market growth, however, promoting local manufacturing of two-wheelers and setting up new plants will augment market growth in the coming years. The increase in the number of women riders of motorcycles and scooters in the country is positively influencing the market growth.

The growing penetration of the ride-hailing services from two-wheelers for increased convenience and to avoid traffic is a key factor that is augmenting the growth of the two-wheelers market in the country during the forecast period. Halan is the first application for ride-hailing and delivery in Egypt that has both two-wheelers and three-wheelers. It has completed more than 10 million rides and is operating in approx. 20-25 cities in Egypt and Sudan. The company is also looking for a partnership with KFC, McDonald’s, Pizza Hut, and other players for its expansion. Moreover, the presence of poor public transport infrastructure and congestion & high traffic jam problems in the country are some other factors that are accelerating the demand for the two-wheelers in the market.

Restraint in the Egypt Two-Wheeler Market

The factors which are responsible for restraining the growth of the Egypt two-wheeler market include the increase in the price of the two-wheelers in the country is leading to a fall in the sales.

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Vehicle Type – Segment Analysis

Based on the vehicle type, the motorcycle segment is expected to increase at a higher CAGR during the forecast period. The factors that are proliferating the growth of the market in this segment include the growing adoption of motorcycles by people in the country owing to its enhanced performance in the rugged road conditions and growing preference for this two-wheeler for both goods and personal transportation. Various popular motorcycle providers in the country includes TVS Motor Company, Honda Motor Co, and KYMCO, among others.

Engine Type – Segment Analysis

On the basis of engine type, the electric segment is estimated to grow at a higher CAGR during the forecast period. The major factors which are proliferating the growth of the market in this segment include the growing inclination of the people towards the use of electric vehicles to decrease environmental pollution and rising investments by various companies for the development of electric two-wheelers in the country. For instance, in 2019, Tredco, an Egyptian company, planned to invest more than USD 1.6 million for the assembling of electric motorcycles in the country.

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Key Developments: 

• • In 2019, TVS Motor Company launched a BS-VI TVS Jupiter that is equipped with Ecothrust Fuel Injection technology. This offers improved performance around smoothness, driveability, and fuel economy. It also comprises RT-Fi technology, which ensures an enjoyable racing experience. 

Segments covered in the Report:

The Egypt two-wheeler market has been segmented on the basis of vehicle type, engine type, and engine capacity. Based on vehicle type, the market is segmented into motorcycle and scooter/moped. Based on the engine type, the market is segmented into ICE and electric. Based on the engine capacity, the market is segmented into up to 125cc, 126-250cc, 250-500cc, and above 500cc. 

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Market Segmentation

Egypt Two-Wheeler Market by Vehicle Type

• • Motorcycle
  • Scooter/Moped

Egypt Two-Wheeler Market by Engine Type

• • ICE
  • Electric

Egypt Two-Wheeler Market by Engine Capacity

• • Up to 125cc
  • 126-250cc
  • 250-500cc
  • Above 500cc