Egypt Automotive Industry Report 2016 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Egypt Automotive" report to their offering.

Despite a tumultuous few years since the 2011 ouster of then President Mubarak, Egypt appears to be on track to stabilize both the economy and the automotive industry as the government continues on a path of political stability. The motor vehicle sector is an important contributor to the Egyptian economy, representing around 3.7% of Egyptian manufacturing output and 1.8% of manufacturing employment annually.

Egypt consistently ranks at the top of the list globally for auto manufacturers, and auto supply companies within the Middle East and North Africa (MENA) region. In terms of revenue, the domestic automotive sector generated US$ 3.5 bn in 2014. The automotive industry dates back to the socialist era of the 1960s. The market began to become liberalized in the 1980s, when General Motors set up its first assembly plant in Cairo in 1985.

The market became fully liberalized in 1992, though the market is still moderately protected by the government. Egypt posses one of the few domestic auto production capacities in the MENA region, and is the largest auto producer in North Africa. Today, there are 16 businesses with 26 assembly lines that manufacture 325,000 passenger cars, commercial vehicles, trucks and buses. To support the sector, there are over 259 factories that supply 70% of all component parts.

For more information about this report visit http://www.researchandmarkets.com/research/6k3kfc/egypt_automotive

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Automotive

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive