The Egypt ride-hailing service market was valued at USD 1.84 billion in 2024 and is projected to reach USD 3.61 billion by 2030, growing at a CAGR of 11.4% from 2025 to 2030. Market growth is fueled by rising traffic congestion, growing demand for affordable and convenient transport options, and increasing smartphone and internet penetration. Rapid urbanization and low private vehicle ownership are further driving adoption. The surge in tourism 15.7 million visitors in 2024 has also boosted demand, as tourists prefer easy online booking and transparent pricing. Additionally, the use of two-wheelers, such as Careem’s metered scooter rides that cost about 50% less than car rides, is helping to ease congestion and attract cost-conscious riders.

Emerging companies are introducing innovative services, including long-distance ride options, lower rates, and enhanced safety features. The rise in fuel prices, environmental awareness, and interest in ride-sharing are also encouraging the adoption of new, sustainable mobility modes.

Key Market Trends & Insights:

By offering, the car-sharing segment held the largest share at 44.7% in 2024, as consumers seek economical and comfortable transport options amid traffic congestion. The e-hailing segment is projected to grow at the fastest CAGR of 14.1% through 2030, driven by its convenience and ease of use.

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Key Companies & Market Share Insights:

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.

Recent Developments

  • 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.

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Conclusion:

In conclusion, the Egypt ride-hailing service market is witnessing rapid growth driven by rising urbanization, tourism, and the growing need for affordable and convenient mobility options. Increasing smartphone penetration and internet accessibility are transforming how people book and use transport services. Companies are expanding their presence and introducing innovative solutions, such as two-wheeler rides and digital payment systems, to meet evolving consumer needs. Strong competition among global and local players is fostering better service quality and pricing. Overall, technological innovation and changing consumer behavior will continue to shape the market’s growth in the coming years.