The Egypt ride hailing service market size was estimated at USD 1.84 billion in 2024 and is expected to grow at a CAGR of 11.4% from 2025 to 2030. The market's growth is primarily driven by escalating traffic congestion, increasing demand for affordable car-sharing services, and a preference for comfort. Additionally, the rise in internet access and smartphone usage for booking rides contributes to the expansion. Egypt's urbanization and low vehicle ownership rates are expected to further boost demand.
Egypt's GDP per capita was USD 3,512.6 in 2023. As a lower-middle-income country, it has strong potential to capitalize on its manufacturing and services sectors, large domestic market, and strategic location connecting Africa, Asia, and Europe. Emerging ride-sharing companies in the country focus on unique strategies such as services focused on long road trips or lower overall rates and better safety. Furthermore, rising fuel prices, the growing popularity of ride-sharing services, and the increasing awareness about environmental conservation are resulting in the introduction of newer modes of transport. In addition, the passenger car segment experienced significant growth in Egypt, with a 24.8% month-on-month increase in vehicle sales, reaching 10.6k units in 2024.
Egypt had a record 15.7 million tourists in 2024, surpassing 2023’s figure of 14.9 million, according to Tourism and Antiquities Minister Sherif Fathy. This surge in tourism is a key driver of the ride-hailing service market, as it offers tourists a convenient way to book transportation online, especially given their unfamiliarity with local geography and pricing. In addition, an increasing number of ride-hailing service companies have opted for two-wheeler vehicles to curb the ongoing traffic emergencies in various cities across Egypt. The lower pricing of these vehicles has increased their traction in the online ride-hailing industry. For instance, Careem, which is active in 14 cities in Egypt, offers metered scooter rides, which are approximately 50% lower than regular car rides.
Emerging ride-sharing companies in the country are focusing on unique strategies such as services focused on long road trips or lower overall rates and better safety. Furthermore, rising fuel prices, the growing popularity of ride-sharing services, and the increasing awareness about environmental conservation are resulting in the introduction of newer modes of transport.
The car sharing segment dominated the market with the largest revenue share of 44.7% in 2024. The increasing traffic congestion in Egypt has pushed consumers to opt for convenient car-sharing or carpool services, which offer a comfortable traveling experience at reduced prices. The number of car-sharing providers is increasingly electrifying their fleets, which is attracting environment-conscious consumers. In the first quarter of 2024, electric car sales in Egypt surged, with over 1,419 electric vehicles registered-nearly one-third of the total electric cars licensed in the past three years, according to the Egyptian Compulsory Motor Insurance Pool. Therefore, increased environmental awareness of the users, stricter limits on CO2 emissions, and various marketing strategies by players have increased the demand for the car-sharing segment.
The e-hailing segment is expected to grow at the fastest CAGR of 14.1% over the forecast period. This growth is attributed to the user-friendliness and convenience that these services offer. The rising e-commerce and smartphone penetration across the country support Egypt's ever-growing demand for e-hailing services. This service has successfully addressed the challenges of information asymmetry in traditional taxi services and reduced the need for private vehicle use, establishing itself as a reliable public transportation alternative. The app's ability to track both the passenger's and driver's locations in real-time enhances safety, particularly for female passengers.
Some of the major ride hailing service market companies operating in Egypt include Uber Technologies Inc.; Avis Rent A Car System, LLC; Sixt; and Halan; among others. These companies stay competitive by offering user-friendly apps, competitive pricing, and efficient services. They adapt to the local market needs by providing cashless payments, integrating real-time tracking, and ensuring passenger safety. In addition, they continuously improve their fleet management and customer support to maintain high standards and attract both local and international riders.
Uber Technologies Inc. is a ride-hailing company offering transportation services via its mobile app. Founded in 2009, Uber connects riders with drivers for on-demand rides, food delivery (Uber Eats), and freight services. It operates in numerous countries, including Egypt, continuously expanding its services and technology-driven innovations.
Avis Rent A Car System, LLC is a car rental company, providing vehicles for both leisure and business travelers. Established in 1946, Avis operates in multiple countries, including Egypt, with a wide range of rental options, including luxury and environmentally friendly cars. It is known for customer service and offers convenient rental solutions across various locations.
In November 2024, DiDi Egypt expanded its services to four new cities-Hurghada, Suez, Ismailia, and Port Said. This move aims to provide affordable, reliable mobility solutions while supporting local economic growth. The expansion targets industrial zones, ports, and tourism hubs.
In March 2024, Bolt expanded into Cairo, Egypt, competing with Uber, inDrive, and others. Bolt offered a 6-month 50% discount to attract riders, fully covered by the company, and waived the standard 15% commission for drivers. This expansion is part of Bolt’s USD 550 million investment in Africa, aiming to create over 300,000 jobs.
Report Attribute |
Details |
Market size value in 2025 |
USD 2.11 billion |
Revenue forecast in 2030 |
USD 3.61 billion |
Growth rate |
CAGR of 11.4% from 2025 to 2030 |
Base year for estimation |
2024 |
Historical data |
2018 - 2023 |
Forecast period |
2025 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2025 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Offering |
Country scope |
Egypt |
Key companies profiled |
Uber Technologies Inc.; Avis Rent A Car System, LLC; Sixt; Halan; FriendyCar; Swvl Holdings Corp; M Car Egypt; Fyonka ltd |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Egypt ride hailing service market report based on offering:
Offering Outlook (Revenue, USD Million, 2018 - 2030)
E Hailing
Car Sharing
Rental
b. Egypt ride hailing service market size was estimated at USD 922.0 million in 2020 and is expected to reach USD 1.11 billion in 2021.
b. Egypt ride hailing service market is expected to grow at a compound annual growth rate of 15.8% from 2021 to 2028 to reach USD 2.99 billion by 2028.
b. In terms of value, the car sharing segment dominated the Egypt ride hailing service market with a revenue share of around 47% in 2020.
b. Some key players operating in Egypt ride hailing service market include Uber Technologies, Inc.; Avis Rent a Car System, LLC; Sixt SE; Halan Inc.; SWVL Technologies Inc.; Dubci; Wngo Technologies Inc.; Fyonka; M Car Egypt; and FriendyCar.
b. Key factors that are driving the Egypt ride hailing service market growth include the increasing traffic congestion rates in Egypt coupled with consumers’ preference for car-sharing services which offered at lesser cost and at the desired comfort.
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