uae_car_rental_leasing_and_limousine_market

Future of Car leasing industry in UAE: Ken Research

Automotive

How the UAE Leasing Industry Is Positioned?

Car leasing industry was observed to grow with market size of AED ~ million in 2019 with a positive CAGR of ~% during 2014-2019. The leasing market in UAE is highly influenced by the number of international and national tourists along with SMEs & other industries. Leasing is done majorly by ex-pats population during their stay in UAE. UAE market is concentrated witha mix of foreign players such as Hertz, Thrifty, Europcar & local players such as emirates transport.

The Leasing companies also include Budget rent a car, Lease plan, Diamond Lease, Shift rent a car, and several others. The industry is witnessing the entry of new companies providing pay per km feature & better technological options such as Wi-Fi & GPS.

Car leasing industry was observed to grow with market size of AED ~ million in 2019 with a positive CAGR of ~% during 2014-2019. The leasing market in UAE is highly influenced by the number of international and national tourists along with SMEs & other industries. Leasing is done majorly by ex-pats population during their stay in UAE. UAE the market is concentrated witha mix of foreign players such as Hertz, Thrifty, Europcar & local players such as emirates transport.

The Leasing companies also include Budget rent a car, Lease plan, Diamond Lease, Shift rent a car, and several others. The industry is witnessing the entry of new companies providing pay per km feature & better technological options such as Wi-Fi & GPS.

UAE Car Leasing Market Segmentation

By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai has dominated the UAE Leasing fleet with a market share of ~% during 2019Dubai and Abu Dhabi are populations dense emirates with the highest number of corporate, SME and government associations creating a constant demand for leased vehicles.

By Types of Cars (Economy, Pick Ups, SUV, and Luxury): An economy segment of car leasing has dominated the UAE Leasing fleet with a market share of ~% during 2019. There is high demand for economy class vehicles of brands such as Honda and Toyota that is used by rental companies and household and pickups by corporate clients for industrial use.

By Duration (1 Year, 2 Year, 3 year and 3+ Years): 2-year leasing duration has dominated the UAE Leasing fleet with a market share of ~% during 2019, followed by 3 years and 3+ years leasing. The majority leasing is for the duration of 2-3 years as it is more profitable and economical for the customers.

By Types of Car Leased (Individual and corporate):  Corporate leasing dominated the UAE Leasing fleet with a market share of ~% during 2019. The growing number of SME in Emirates, Cab Taxi & car rental companies create a demand for leased vehicles in UAE

By End-User (Facility Management, Industrial sector, Food Services, Logistics, Oil & Gas and Government & Associations): Facility Management services dominated the UAE Leasing fleet with a market share of ~% during 2019 as they are commonly used for the official purpose by the facility management companies

What Is the Competition Scenario in The UAE Car Rental Market?

Competition within the UAE Car Leasing, the market was observed to be highly concentrated along with the presence of both local and global car leasing companies. Major competing parameters include a number of office locations, Client Information, Car Brands, and Partners, Key services, Vintage, and other factors.

Key Segments Covered for Car Rental: –

By Emirates:

Dubai

Abu Dhabi

Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Types of Car:

Economy

SUV

Luxury

By End User:

Corporate

Individual

By Source of Booking:

On-Airport

Off- Airport

By Duration of Car Rental:

0-1 Month

1-6 Month

6-12 Month

Key Segments Covered for Car Leasing

By Emirates:

Dubai

Abu Dhabi

Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Types of Car:

Economy

SUV

Luxury

By Type of Car Leased:

Corporate

Individual

By Duration of Car Leasing:

1 Year

2 Year

3 Year

3+ Year

By End User:

Facility Management

Industrial Sector

Food Services

Logistics

Oil and Gas

Government and Associations

Others

Key Segments Covered for Limousine Car

By Emirates:

Dubai

Abu Dhabi

Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Limousine companies by Emirates:

Dubai

Abu Dhabi

Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Types of Car:

Standard

Large sized

Premium

Ultra-Luxury

By Business:

Event Business

Non- Event Business

By Source of Business:

Airport

Non-Airport

By Source of Payment:

Direct from Corporate

Corporate Payments

By Purpose of Limousine:

Leisure

Corporate

Key Target Audience

Car Rental companies

Car Leasing companies

Limousine Companies

Tourisms Industries

Tour and Travel Aggregator

Automobile companies

Cab taxi companies

Cab Aggregators

Technology Provides

Investors and Venture Capitalist

Government Associations

Logistics company

Time Period Captured in the Report:

Historical Period – 2014-2019

Forecast Period – 2020-2024

Companies Covered:

Car Rental and Leasing Companies:

Thrifty Rent a Car

Emirates Transport

Hertz

Diamondlease

Massar Car Rental

Leaseplan

Shift Rent a Car

National Car Rental

Avis Rent a Car

Europcar

Budget Rent a Car

Fast Rent a Car

Dollar

AutoRent

Paramount Car Rental and Leasing

EuroStar

Sixt Rent a Car

Limousine Companies:

Dubai Taxi Corporation

Emirates Transport

CityLink Limousine

Private Limousine

Avis Limousine

Transguard Limousine

National Transport

Sharjah Roads and Transport Authority

Hot Wheels Limo

Global Wings Limousine

Cityway Limousine

Royal Falcon Limousine

Patriot Limo

Niceway Limousine

Insaf Limousine

German Limousine

Onak Limousine

Dubai Exotic Limousine

Elite Class Limousine Services

Key Topics Covered in the Report: –

Chauffeur services in UAE

Companies in UAE Car Rental Market

Corporate Limousine Car Industry in UAE

Driver services in UAE

Dubai Exotic Limousine Market Future Outlook

Economy Cars Booking in UAE

Royal Falcon Limousine Market Competitors

Sedan Cars Booking in UAE

Sharjah Limousine Car Market

Shift Rent a Car Market Revenue

Sixt Rent a Car Industry Report

Sprouting Car Rental Market in UAE

Electric cars in UAE

Emirates Transport Car Leasing Market Analysis

Future outlook of the UAE Car Rental Market

German Limousine Industry Revenue Analysis

Growth for Car Rental Industry in UAE

Hatchback Cars Booking in UAE

Hotels and Tourism industry in UAE

For More Information on the research report, refer to below link: –

UAE Car Rental and Leasing Market Growth

Related Reports by Ken Research: –

India Self Drive Car Rental Market Outlook to 2024 – Rising Prominence of Shared Mobility Space with Growing Competencies of Self-Drive Companies due to the Growing Investments

Car Rentals (Self Drive) Market in Egypt to 2022: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others)

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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