In 2024, retail volume growth of smartphones is set to remain in decline, with high prices and economic factors a major hindrance to buying new smartphones in the short term. Nevertheless, consumers are increasingly reliant on internet technology to function in everyday life.
Smartphones prices are likely to remain high in Egypt whilst inflation prevails at such high levels. As the economy gradually improves and inflation starts to fall, smartphone manufacturers will be able to lower average prices.
The high price of smartphones will push more consumers towards the e-commerce channel where deals and incentives are regularly used to entice potential buyers. Consumers will intensify the time and effort spent during the research and planning stages before purchasing smartphones.
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Understand the latest market trends and future growth opportunities for the Mobile Phones industry in Egypt with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Mobile Phones industry in Egypt, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Any device capable of telecommunication over a cellular network of base stations. Mobile phones can come with functions including camera, video and internet access.See All of Our Definitions
This report originates from Passport, our Mobile Phones research and analysis database.
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