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This report provides an overview of Egypt’s two-wheeler industry, with snapshots of production and other key elements related to the industry. It discusses how the aforementioned parameters will affect the growth of the industry.
Egypt is one of the fastest-growing and most resilient markets in the African continent. In 2019, it was the 45th largest economy and experienced significant economic advancement owing to a considerable reduction in unemployment and inflation.
The country’s GDP also increased by 5.6% to $302.3 billion between 2018 and 2019 with the industrial sector accounting for the largest portion of GDP at 27.9%. The growth is expected to remain constant for the next 3 to 4 years, promoting increased consumption in the economy. Furthermore, Egypt was the largest foreign direct investment (FDI) recipient amongst African economies, which provided the country much-needed employment and growth.