Report Code : A290081
Egypt retail fuel stations market is expected to witness increased demand during the forecast period due to a rise in transportation sector.?Fuel retailing industry comprises companies that operate by selling automotive fuel or lubricating oils at retail stores such as service stations, fuel stations, and similar others. Contactless payment methods have a significant impact on the retail fuel station market. Its adoption enhances the customer experience and contributes to the overall competitiveness and operational efficiency at fuel stations. The market is impacted by a number of trends, such as the increase in popularity of electric vehicles and the growth in demand for sustainable fuels.
Eswara Prasad
Manager, Energy and Power at Allied Market Research
According to a new report published by Allied Market Research, titled, " Egypt retail fuel stations market by fuel type: Egypt opportunity analysis and industry forecast, 2023–2032," The Egypt retail fuel stations market was valued at $25.1 million in 2022, and is projected to reach $34.8 million by 2032, registering a CAGR of 3.4% from 2023 to 2032. Retail fuel stations, known as gas stations or petrol stations, are facilities where motorists can purchase gasoline (petrol), diesel, and other fuels for vehicles. These stations provide various services and amenities catering to the needs of drivers.
Increase in demand for passenger and commercial vehicles, rise in disposable income, and rapid urbanization, propels the growth of Egypt retail fuel stations market. In addition, the thriving transportation industry has escalated the sale of buses, trucks, and cars, further pushing the Egypt retail fuel stations market growth. Furthermore, fuel stations have used modern payment systems such as QR codes and credit/debit cards options to increase flexibility and attract more customers. New-era fuel stations have convenience stores where consumers can purchase items such as food and travel items, further encouraging customers to visit the retail fuel stations. Moreover, the rise in standards of fuel stations across emerging economies is further improving the market dynamics.
Recent trends such as fuel pricing regulations, market modernization & investments, demand for alternative fuels, technology integration and regulatory changes propels the growth of Egypt retail fuel stations market. Furthermore, fuel stations incorporate convenience stores, car services, and food outlets as part of their offerings. This diversification aims to increase revenue streams beyond fuel sales. Moreover, growth in interest in alternative fuels and renewable energy sources drives Egypt retail fuel stations market. Some stations started offering compressed natural gas (CNG) and electric vehicle (EV) charging facilities. Investment choices may be impacted by political and regulatory uncertainty, which could impede the Egypt retail fuel stations industry expansion. The revenue and profitability of oil and gas activities are impacted by the continued volatility of Egypt oil prices.
The future of retail fuel stations involves a blend of traditional fuel sales, innovation in services, sustainability practices, and adapting to the evolving needs and preferences of consumers in a rapidly changing automotive landscape. In 2023, the government announced reduce the price of gasoline by $0.03 per litre. The government continuously works on to improve the quality of fuel and to increase the number of fuel stations in the country. The Egypt oil and gas industry is a major driver of the Egypt economy. The country is the 10th largest oil producer in Africa and the 12th largest gas producer in Africa. Furthermore, Egypt has also developed a major liquid natural gas (LNG) import terminal in Idku.
Lower fuel prices generally stimulate increased consumer demand for gasoline and diesel. Cheaper fuel encourages more driving and attract customers who were previously limiting their driving due to higher costs. This increased demand can positively impact retail fuel station sales. Lower oil prices can free up capital for fuel station operators, enabling them to invest in infrastructure improvements, expansions, or additional services to enhance its offerings and serve customers. However, it is essential to note that the relationship between declining oil prices and the retail fuel station market varies on the basis of numerous factors, including geopolitical events, supply and demand dynamics, currency fluctuations, and government policies. These effects might be temporary or influenced by other market conditions while declining oil prices generally offer certain advantages to retail fuel stations.
On the basis of fuel type, is the market is classified into petrol, diesel, CNG and natural gas. The petrol segment was the highest revenue contributor to the market, with $11.41 million in 2022, and is estimated to reach $15.74 million by 2032, with a CAGR of 3.3%. Petrol is one of the most widely used fuels globally for transportation due to its energy density, ease of use, and suitability for internal combustion engines. Its availability and usage vary across regions, with different fuel standards and regulations governing its composition and sale. Furthermore, rise in consumers preference for contactless payment methods due to their ease of use and perceived security drive the Egypt retail fuel stations market. The major companies profiled in this report include Misr Petroleum, TotalEnergies, Emarat Misr., ADNOC Distribution, Exxon Mobil Corporation, SGS Société Générale de Surveillance SA., Egyptian International Gas Technology Company – Gastec, TAQA, Shell AG and Gulf Oil International Ltd.
Key findings of the study
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Egypt Retail Fuel Stations Market by Fuel Type (Petrol, Diesel, CNG/Gas, and Natural Gas), Egypt Opportunity Analysis and Industry Forecast, 2022-2032
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