The report provides Egypt vehicle loan sector outlook, number of vehicles financed in Egypt, car rental purchase loan market in Egypt, auto loans paid in Egypt, portfolio of auto loans in Egypt, auto loans in Egypt, We cover Used Car Financing in Egypt, Car Loans NPA in Egypt, Unpaid Car Loans. Egypt, Vehicle Loan Interest Rates, Vehicle Refinancing Market, Passenger Car Loans Market, Commercial Vehicle Loans Market, New Vehicle Financing Portfolio, Online Auto Loans Finance Market, Motorcycle Finance Sector, Auto Finance Challenges, Major Auto Loan Service Providers, Auto Financing lenders, egyptian auto finance market competitors, egyptian auto finance market key players, e-platform players, egyptian auto finance market, bank auto loan rates egypt, top NBFC auto loan providers.
Gurugram, India, December 14, 2022 (GLOBE NEWSWIRE) — Egyptian auto finance market is in a growth phase, driven by digital advancements, smart contracts, digital financing, positive impact of covid-19, and government policies. The Egyptian auto finance market has players such as QNB Alahli Leasing, Global Corp, Banque Misr, ADIB, AI Bank and Al Baraka.
-
Financial penetration is expected to rise, but down payment shares continue to decline, supported by improved financial access and better service delivery by financial institutions.
-
Several fintech start-ups are also projected to enter the landscape that could pose a threat to traditional financial firms and banks.These startups generally We are working on developing products to advance the digitalization of the banking sector.
-
Banks and captives are focusing on increasing their share in the used car segment. Also, his new NBFC is expected to enter the competitive landscape to meet the country’s growing vehicle financing requirements.
CHANGING CONSUMER PREFERENCES: Demand for private car loans is expected to be greater than the commercial vehicle segment. Buyers are showing a preference for more expensive cars, and as the segment becomes more organized, those looking for lower costs are even pushing their prices up to used cars. . It is expected that the penetration rate of financing for new and used vehicles will increase, and the share of the financing amount will increase rapidly. These factors will certainly support an increase in credit grants.
Positive effects of COVID 19: The market is dominated by the unorganized sector on the low side of consumer protection coverage. Unorganized dealers gain buyer confidence by eliminating subjective biases about sellers (which may include specific vehicle brands and models) while facilitating the overall transaction.
Introducing smart contracts: “Smart contracts” are the future. This will enable safer and faster settlement of financial market transactions. These contracts use software to enable automatic triggers that allow transactions without human intervention. Digital disruption will make financial services processes faster, cheaper, more transparent and easier to use. It also increases the potential for greater financial inclusion.
Analyst Ken Research in their latest publication “Egyptian Auto Finance Market Outlook to 2027– Driven by female drivers to enter the market, digital advancements and government initiatives“ By Ken Research provides a comprehensive analysis on the potential of the Egyptian auto finance market. Rising demand for automotive financing among the population along with government initiatives is expected to contribute to the market growth during the forecast period. The Egyptian automotive finance market is expected to grow at a strong CAGR of 11% over the forecast period 2023F-2027F.
Major Segments Covered:-
Egyptian auto finance market
By vehicle type (by payment credit) 2022P& 2027F:
By car age (by credit payment) 2022P& 2027F:
by institution (by credit payment) 2022P& 2027F:
For more information on this report, Download a free sample report
By tenure (by credit payment) 2022P& 2027F:
-
1-3 years
-
3-5 years
-
5-7 years
Main Target Audience:-
Duration recorded in the report:-
Visit this link Request a custom report
Target companies: –
-
Banque Misr
-
National Bank of Egypt
-
Egyptian Agricultural Bank
-
Industrial Development Bank
-
Banque Du Caire
-
united bank
-
Alexandria Bank
-
Commercial International Bank (Egypt)
-
Attijariwafa bank Egypt SAE
-
Societe Arabe Internationale de Banque
-
Brombank – Egypt
-
Credit Agricole Egypt SAE
-
Emirates National Bank of Dubai SAE
-
Suez Canal Bank
-
Qatar National Bank Alahli SAE
-
arab investment bank
-
AL Ahli Bank of Kuwait – Egypt
-
First Abu Dhabi Bank – Misr
-
housing development bank
-
Al Baraka Bank of Egypt SAE
-
Kuwait National Bank – Egypt (NBK)
-
Abu Dhabi Islamic Bank – Egypt
-
Abu Dhabi Commercial Bank Egypt
-
Gulf of Egypt Bank
-
Arab-African International Bank
-
HSBC Bank Egypt SAE
-
Arab Banking Corporation – Egypt SAE
-
Egyptian Export Development Bank
-
Arab Bank PLC
Key topics covered in the report:-
-
An overview of the Egyptian auto finance market
-
Egyptian Auto Finance Market Ecosystem
-
Business Cycle and Origin of Egyptian Auto Finance Market
-
Industry Analysis of Egyptian Auto Finance Market
-
SWOT Analysis of Egyptian Auto Finance Market
-
A key growth driver in the Egyptian auto finance market
-
Key Challenges and Bottlenecks in Egyptian Auto Finance Market
-
Regulatory Framework for Egyptian Auto Finance Market
-
Competitive environment in the Egyptian auto finance market
-
Market Share of Leading Auto Finance Providers in Egyptian Auto Finance Market
-
In-Depth Analysis on Egyptian Auto Finance Market (Market Size and Segmentation, 2017-2022; Future Market Size and Segmentation, 2023-2027F)
-
Market opportunities and analyst recommendations
For more information on market intelligence, please refer to the links below.
Egyptian auto finance market
Related reports Ken Research:-
Philippine Auto Finance Market Outlook to 2026 – Driven by Changes in Consumer Spending, Ease of Financing, Technological Improvements and Government Support
The Philippines is the second fastest growing automotive market in ASEAN, with a high market share of commercial vehicles, the market is the fastest growing automotive industry among ASEAN countries, driven mainly by population growth and economic growth. , has seen impressive growth in auto loans over the past five years. The auto finance market is in a growth phase, with banking institutions and NBFCs leading the market, online aggregator platforms entering the market, online personal loan aggregator platforms being introduced into the market, and vendor selection processes such as BSP Pay and Pesopay. It’s getting easier. Better technological infrastructure in the form of top aggregators, growing auto finance platforms, and increasing use of AI and ML for better auto lending experiences will lead the future growth of the industry. Innovative business models such as subscription lending and shared ownership are likely to grow in the future, increasing vehicle financing. The automotive finance market in the Philippines is expected to continue growing steadily.
Indonesia Auto Finance Industry Outlook to 2026 – Driven by growing digital penetration, evolving vehicle ownership characteristics and government rebates amid systematically regulated vehicle ownership and financing policies by regulators
Population growth, rising income levels, and post-Covid economic recovery are expected to boost vehicle sales, driving an increase in auto loans in Indonesia. Therefore, the auto finance market is in a growth phase, with banking institutions and his NBFC leading the market, and online aggregator platforms entering the market. Also, online personal loan aggregator platforms have been introduced to the market to ease the vendor selection process, such as BSP Pay. Face-to-face transactions are reduced and procedures are simplified. For example, increased use of Kredit Pintar and AI and ML to improve the car loan experience will drive the future growth of the industry. Innovative business models such as subscription lending and shared ownership are likely to grow in the future, increasing vehicle financing. The market is expected to continue to see good growth in the Indonesian auto finance market.
Vietnam Auto Finance Market Outlook to 2026F – Driven by Digital Penetration and Bank Dominance, and Shift in Consumer Preferences from 2W to 4W
Vietnam’s cold chain market was assessed to grow at a double-digit CAGR between 2016 and 2021. The market is currently in a growth phase due to lower interest rates and increased government initiatives and investments in the sector. The pandemic has led to a slowdown in auto finance growth as Vietnamese prefer owning private vehicles to avoid public transport. , consumer preferences are changing and are some of the key factors that have revitalized Vietnam’s auto finance market.
Malaysian Auto Finance Market Outlook to 2026 – Driven by Exorbitant Vehicle Prices, Growing Digital Penetration and Preference for Car Ownership amid Systematic Government Regulation of Car Ownership Policy
The number of passenger cars owned in Malaysia has exceeded the population of Malaysia. Poor public transport infrastructure is one of the reasons. The used car industry is also booming, and sales are reportedly on track to record double-digit growth. Car imports still outstrip exports, resulting in a huge trade deficit. The government has taken various initiatives to support domestic manufacturing of cars by creating companies such as Proton and Perodua. The government also provides various incentives for citizens to purchase cars. Growth opportunities in Malaysia are very limited.
UAE Auto Finance Market Outlook to 2026F- Driven by increasing digital penetration, evolving vehicle ownership characteristics and government rebates amid systematically regulated vehicle ownership and financing policies by regulators
Ken Research estimates that the UAE auto finance market declined at a CAGR of -6.3% from 2016 to 2021 due to government regulations, lifestyle changes, and COVID-19 lockdowns, but will continue to grow. In the period, growth is expected to normalize. With the advent of new and improved technology. The UAE automotive finance market is estimated to grow at a positive CAGR of around 17% during 2022E to 2026F.
follow us –
LinkedIn | | Instagram | | Facebook | | twitter | | Youtube
CONTACT: Contact Us:- Ken Research Private Limited Ankur Gupta, Director Strategy and Growth Ankur@kenresearch.com +91-9015378249
