UAE Rent-a-Car Market Share, Size, Analysis & Price

UAE Rent-a-Car Market

Source: The Report Cube

Study Period

2020- 2032

Market (2023)

USD 1.15 Billion

Market (2032)

USD 1.80 Billion

CAGR

8.6%

Major Markets Players

Thrifty, The Hertz Corporation , Emirates Transport, Massar Solutions, Sixt Rent a Car and Others

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The UAE Rent-a-Car Market Insights & Analysis

The UAE Rent-a-Car Market was USD 1.15 Billion in 2023 and is anticipated to witness a rise at a CAGR of around 8.6% during the forecast period, i.e., 2024-32 and would reach around 1.80 Billion USD through 2032. The market is on the rise, with increasing demand from domestic & international tourists and the growing popularity of ride-sharing services. Car rental companies are predicted to adapt their services and offerings to remain competitive, suggesting a wide range of vehicles & reasonable prices.

Also, the UAE government's initiatives to stimulate tourism and expand infrastructure as well as the rising number of events & numerous programs held across the country, are foreseen to drive the market's growth. Furthermore, easy licensing leads to increased competition among rental car companies, focusing on offering superior value-added services. Adopting electric and hybrid vehicles would also likely generate growth opportunities for the leading market players.

Additionally, with strategies such as sliding scale termination policies, pooled mileage for corporates, and guaranteed vehicle replacement during servicing, the UAE Rent-a-Car Market is expected to observe an upward trend through 2032.

The UAE Rent-a-Car Market Dynamics

Significant Surge in the Number of Registered Car Rental Companies in Dubai Drives the Market

Dubai's CAR rental industry had a significant expansion in the first half of 2022, underscoring RTA's efforts to carry out Dubai's ambition for complete development, further impacting the UAE Rent-a-Car Market. Up to 78,000 automobiles were registered during this time, an increase of around 11.8% from the 69,000 vehicles registered during the same time last year, per licensing agency RTA.

Such growth can be attributed to RTI's effort to draw businesses & investors and boost their trust in Dubai's business environment by providing facilities and removing barriers. It also emphasizes Dubai's reputation as a financial and business center where transactions can be made in a welcoming and competitive environment.

UAE Rent-a-Car Market Report and Forecast to 2032

Frequent Events & Exhibitions in the UAE Remained a Key Trend in the UAE

The UAE has evolved as a global hub for industries & leisure tourism, with several events & exhibitions taking place across the nation. This tendency has raised the demand for rental automobiles, as visitors seek efficient & cost-effective transportation options. Furthermore, exhibitors & quests prefer their own vehicles, which allows them to easily move from one site to another without worrying about navigating public transportation.

As a result, rental car firms have expanded their fleets and services to match the rising demand. Also, as the UAE government works to construct world-class infrastructure, more events & fairs are likely to be conducted in the coming years, increasing demand for rental automobiles & thereby expanding the UAE Rent-a-Car Market size.

Emergence of Ride-sharing Services Poses a Challenge

The increasing acceptance for ride-sharing services such as Uber and Careem is likely to hinder the traditional Rent-a-Car Market. These services provide a convenient & economical alternative to traditional car rentals. Further, many tourists choose them as they provide a more convenient and hassle-free experience. Hence, with the increasing desire for ride-sharing, the market would face limitations in terms of growth.

Innovative Concepts Like Pay Per Minutes Are Emerging as Game Changers for Car Rentals

Automotive apps like Udrive, UAE's first pay-per-minute car rental concept, enabling renting efficiency, would likely drive car rental innovation. The innovation is in a car rental company's business model and operational excellence. While the apps accelerate the future, the culture and adoption of business innovation are where the future of car rental lies.

As more tourists seek efficient and flexible transportation alternatives in the UAE, rental car firms are projected to increase their fleets and services to match this growing demand, offering a variety of vehicles to suit different demands and budgets. This is likely to result in increased competition between rental car companies, which could lead to lower costs and improved services for consumers.

With a cost-effective & short-term driving option, where a customer may save up to 40% depending upon the type of the car, the concept is developing as a game changer, thus generating a profitable opportunity for the UAE Rent-a-Car Industry in the ensuing years.

The UAE Rent-a-Car Market Segment-wise Analysis

By Booking Type:

Online
Offline

Online booking is presumed to account for the maximum share of the UAE Rent-a-Car Market over the past few years. This is primarily because booking options for car rentals are available in the UAE through a cab company's website or mobile app. The ability to make a payment online has also made the process simpler. The accessibility of the services and their cost are the main forces behind this ecosystem. Furthermore, due to customers' need for affordability and convenience, on-demand payment is increasing the market for automobile rentals.

Numerous benefits come with online booking, but there are also several transparency-related problems that businesses constantly monitor and address. For example, a centralized system manages automobile rental firms' daily operations. It adheres to compliance standards, rules, regulations, and terms and conditions, which frequently vary from one business to another.

By Applications:

Leisure
Commercial

With massive government investments in the tourism sector and improving road connectivity to cater to tourists, pilgrims, and migrants' local commuting needs, Commercial applications are expected to contribute to UAE Rent-a-Car Market expansion through 2032. This has increased competition among leading players in offering new services and added benefits to attract customers looking for cab or taxi services.

Additionally, major rent-a-car companies are shifting towards digital platforms to offer online car rental services, further boosting the Rent-a-Car Market in UAE for commercial applications. Favorable licensing policies have also resulted in numerous drivers seeking commercial vehicles to meet the growing consumer demand for rental car services, presenting promising growth prospects for the market in the coming years.

Regional Projection of the UAE Rent-a-Car Industry

The UAE Rent-a-Car Market is geographically diversified, covering:

Dubai
Abu Dhabi & Al Ain
Sharjah & Northern Emirates

Dubai is envisioned to flourish at a substantial CAGR during the forecast period. The market in Dubai has been alleviated by the relentless efforts made by the RTA in the past few years. Following regular talks with several businesses in this industry, RTA launched six measures that have significantly increased the UAERent-a-Car Market's potential for car rentals.

Moreover, the efforts included eliminating the surcharge on car rental cars, restricting the number of vehicles per car rental license to 10, increasing the lifespan of vehicles in use from two to four years, and exempting new vehicles from testing. Thus, the number of businesses registered in the car rental sector has increased substantially, further infusing the market share.

What Does Our UAE Rent-a-Car Market Research Study Entail?

The UAE Rent-a-Car Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
The UAE Rent-a-Car Market Research Report entails details about the most critical shifts in market share in the prominent regions.
Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.

Table of Contents

Introduction
1. Objective of the study
2. Product Definition
3. Market Segmentation
4. Study Variables
Research Methodology
1. Secondary Data Points
  1. Companies Interviewed
2. Primary Data Points
  1. Break Down of Primary Interviews
Executive Summary
Market Dynamics
1. Drivers
2. Challenges
3. Opportunity Assessment
Recent Trends and Developments
Key Factors Considered by Consumers While Selecting a Rental Car Company
Smart Measures Takes by Car Rental Companies
UAE Rent a Car Market Overview (2020-2032)
1. Market Size
  1. By Value (in USD Million)
  2. By Volume (Total Fleet Available)
2. Market Share, By Type of Car
  1. Economy
  2. Premium
  3. Ultra Luxury & Sports
3. Market Share, By Application
  1. Leisure
  2. Commercial
4. Market Share, By Drive Type
  1. Self-Driving
  2. Chauffer Driven
5. Market Share, By Booking Type
  1. Online
  2. Offline
6. Market Share, By Usage
  1. Up to 500 KM/day
  2. More than 500 KM/day
7. Market Size, By Region
  1. Dubai
  2. Abu Dhabi & Al Ain
  3. Sharjah & Northern Emirates
8. Market Share, By Company
  1. Competition Characteristics
  2. Revenue Shares & Analysis
UAE Economy Car Rental Solutions Market Overview (2020-2032)
1. Market Size
  1. By Value (in USD Million)
  2. By Volume (Total Fleet Available)
2. Market Share, By Application
3. Market Share By Drive Type
4. Market Share By Booking Type
5. Market Share By Usage
6. Market Share By Region
UAE Premium Car Rental Solutions Market Overview (2020-2032)
1. Market Size
  1. By Value (in USD Million)
  2. By Volume (Total Fleet Available)
2. Market Share, By Application
3. Market Share By Drive Type
4. Market Share By Booking Type
5. Market Share By Usage
6. Market Share By Region
UAE Ultra Luxury & Sports Car Rental Solutions Market Overview (2020-2032)
1. Market Size
  1. By Value (in USD Million)
  2. By Volume (Total Fleet Available)
2. Market Share, By Application
3. Market Share By Drive Type
4. Market Share By Booking Type
5. Market Share By Usage
6. Market Share By Region
Competitive Outlook (Company Profiles – Partial List)
1. Thrifty
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
2. The Hertz Corporation
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
3. Emirates Transport
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
4. Massar Solutions
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
5. Sixt Rent a Car
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
6. FasteR Rent a Car
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
7. Kayak
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
8. Europcar
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
9. Avis Budget Group
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
10. Dollar Rent a Car
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
11. Speedy Drive Car Rental LLC
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
12. Others
Contact Us & Disclaimer

List of Figure

Figure 1: Market Segmentation Framework
Figure 2: Study Variables and Research Methodology Flowchart
Figure 3: Secondary and Primary Data Points Breakdown
Figure 4: Break Down of Primary Interviews by Type
Figure 5: Key Drivers of the Facility Management Market
Figure 6: Challenges in the Facility Management Sector
Figure 7: Opportunity Assessment Matrix
Figure 8: Recent Trends and Developments in Facility Management
Figure 9: Factors Considered by Companies When Selecting Facility Management Vendors
Figure 10: Smart Measures Taken by Facility Management Vendors
Figure 11: Price Comparison Between Different Facility Management Services

Figure 12: UAE Facility Management Market Overview (2020-2032) – Market Size in USD Millions
Figure 13: Market Share by Facility Management Type (Hard, Soft, Risk, Administrative)
Figure 14: Market Share by Operating Model (In-House vs Outsourced)
Figure 15: Market Share by Service Delivery (Integrated, Bundled, Single Services)
Figure 16: Market Share by End User Segment
Figure 17: Market Share by Enterprise Size (Large, Mid-Size, Small)
Figure 18: Market Size by Region (Dubai, Abu Dhabi & Al Ain, Sharjah & Northern Emirates)
Figure 19: Market Share by Leading Companies

Figure 20: UAE Hard Facility Management Market Overview (2020-2032) – Market Size in USD Millions
Figure 21: Hard Facility Management Market Share by Type
Figure 22: Hard Facility Management Market Share by Operating Model
Figure 23: Hard Facility Management Market Share by Service Delivery
Figure 24: Hard Facility Management Market Share by End User
Figure 25: Hard Facility Management Market Share by Enterprise Size
Figure 26: Hard Facility Management Market Share by Region

Figure 27: UAE Soft Facility Management Market Overview (2020-2032) – Market Size in USD Millions
Figure 28: Soft Facility Management Market Share by Type
Figure 29: Soft Facility Management Market Share by Operating Model
Figure 30: Soft Facility Management Market Share by Service Delivery
Figure 31: Soft Facility Management Market Share by End User
Figure 32: Soft Facility Management Market Share by Enterprise Size
Figure 33: Soft Facility Management Market Share by Region

Figure 34: UAE Risk Facility Management Market Overview (2020-2032) – Market Size in USD Millions
Figure 35: Risk Facility Management Market Share by Type
Figure 36: Risk Facility Management Market Share by Operating Model
Figure 37: Risk Facility Management Market Share by Service Delivery
Figure 38: Risk Facility Management Market Share by End User
Figure 39: Risk Facility Management Market Share by Enterprise Size
Figure 40: Risk Facility Management Market Share by Region

Figure 41: UAE Administrative Facility Management Market Overview (2020-2032) – Market Size in USD Millions
Figure 42: Administrative Facility Management Market Share by Type
Figure 43: Administrative Facility Management Market Share by Operating Model
Figure 44: Administrative Facility Management Market Share by Service Delivery
Figure 45: Administrative Facility Management Market Share by End User
Figure 46: Administrative Facility Management Market Share by Enterprise Size
Figure 47: Administrative Facility Management Market Share by Region

Figure 48: Competitive Landscape – Revenue Shares of Leading Companies
Figure 49: Company Profile Snapshot – EMRILL Services LLC
Figure 50: Company Profile Snapshot – Imdaad LLC
Figure 51: Company Profile Snapshot – Farnek Services LLC
Figure 52: Company Profile Snapshot – EFS Facilities Management Services
Figure 53: Company Profile Snapshot – COFELY BESIX Facility Management
Figure 54: Company Profile Snapshot – Khidmah LLC
Figure 55: Company Profile Snapshot – Al Shirawi Facilities Management LLC
Figure 56: Company Profile Snapshot – Interserve
Figure 57: Company Profile Snapshot – Etisalat Facilities Management LLC
Figure 58: Company Profile Snapshot – Enova Facility Management Services LLC

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Absolutely! Here’s a List of Tables corresponding to your TOC sections, focusing on tabular data points like company info, market figures, and comparisons:

List of Tables

Table 1: Objective of the Study
Table 2: Product Definition Overview
Table 3: Market Segmentation Details
Table 4: Study Variables Summary
Table 5: Research Methodology Outline
Table 6: Secondary Data Points Collected
Table 7: Companies Interviewed for Primary Research
Table 8: Primary Data Points Overview
Table 9: Breakdown of Primary Interviews by Respondent Type
Table 10: Key Factors Considered by Companies While Selecting a Facility Management Vendor
Table 11: Smart Measures Taken by Facility Management Vendors
Table 12: Price Comparison Between Different Facility Management Services

Table 13: UAE Facility Management Market Size (2020-2032) in USD Millions
Table 14: Market Share by Facility Management Type
Table 15: Market Share by Operating Model
Table 16: Market Share by Service Delivery Mode
Table 17: Market Share by End User Segment
Table 18: Market Share by Enterprise Size
Table 19: Market Size by Region
Table 20: Market Share by Leading Companies

Table 21: UAE Hard Facility Management Market Size (2020-2032) in USD Millions
Table 22: Hard Facility Management Market Share by Type
Table 23: Hard Facility Management Market Share by Operating Model
Table 24: Hard Facility Management Market Share by Service Delivery
Table 25: Hard Facility Management Market Share by End User
Table 26: Hard Facility Management Market Share by Enterprise Size
Table 27: Hard Facility Management Market Share by Region

Table 28: UAE Soft Facility Management Market Size (2020-2032) in USD Millions
Table 29: Soft Facility Management Market Share by Type
Table 30: Soft Facility Management Market Share by Operating Model
Table 31: Soft Facility Management Market Share by Service Delivery
Table 32: Soft Facility Management Market Share by End User
Table 33: Soft Facility Management Market Share by Enterprise Size
Table 34: Soft Facility Management Market Share by Region

Table 35: UAE Risk Facility Management Market Size (2020-2032) in USD Millions
Table 36: Risk Facility Management Market Share by Type
Table 37: Risk Facility Management Market Share by Operating Model
Table 38: Risk Facility Management Market Share by Service Delivery
Table 39: Risk Facility Management Market Share by End User
Table 40: Risk Facility Management Market Share by Enterprise Size
Table 41: Risk Facility Management Market Share by Region

Table 42: UAE Administrative Facility Management Market Size (2020-2032) in USD Millions
Table 43: Administrative Facility Management Market Share by Type
Table 44: Administrative Facility Management Market Share by Operating Model
Table 45: Administrative Facility Management Market Share by Service Delivery
Table 46: Administrative Facility Management Market Share by End User
Table 47: Administrative Facility Management Market Share by Enterprise Size
Table 48: Administrative Facility Management Market Share by Region

Table 49: Competitive Outlook – Summary of Company Profiles
Table 50: EMRILL Services LLC – Business Segments and Strategic Alliances
Table 51: Imdaad LLC – Business Segments and Strategic Alliances
Table 52: Farnek Services LLC – Business Segments and Strategic Alliances
Table 53: EFS Facilities Management Services – Business Segments and Strategic Alliances
Table 54: COFELY BESIX Facility Management – Business Segments and Strategic Alliances
Table 55: Khidmah LLC – Business Segments and Strategic Alliances
Table 56: Al Shirawi Facilities Management LLC – Business Segments and Strategic Alliances
Table 57: Interserve – Business Segments and Strategic Alliances
Table 58: Etisalat Facilities Management LLC – Business Segments and Strategic Alliances
Table 59: Enova Facility Management Services LLC – Business Segments and Strategic Alliances

List of Table

Table 1: Objective of the Study
Table 2: Product Definition
Table 3: Market Segmentation
Table 4: Study Variables
Table 5: Research Methodology
Table 6: Secondary Data Points
Table 7: Companies Interviewed
Table 8: Primary Data Points
Table 9: Breakdown of Primary Interviews
Table 10: Key Factors Considered by Companies While Selecting a Facility Management Vendor
Table 11: Smart Measures Taken by Facility Management Vendors
Table 12: Price Comparison Between Different Facility Management Services

Table 13: UAE Facility Management Market Size (2020-2032) (USD Millions)
Table 14: Market Share by Facility Management Type
Table 15: Market Share by Operating Model
Table 16: Market Share by Service Delivery
Table 17: Market Share by End User
Table 18: Market Share by Enterprise Size
Table 19: Market Size by Region
Table 20: Market Share by Company

Table 21: UAE Hard Facility Management Market Size (2020-2032) (USD Millions)
Table 22: Hard Facility Management Market Share by Type
Table 23: Hard Facility Management Market Share by Operating Model
Table 24: Hard Facility Management Market Share by Service Delivery
Table 25: Hard Facility Management Market Share by End User
Table 26: Hard Facility Management Market Share by Enterprise Size
Table 27: Hard Facility Management Market Share by Region

Table 28: UAE Soft Facility Management Market Size (2020-2032) (USD Millions)
Table 29: Soft Facility Management Market Share by Type
Table 30: Soft Facility Management Market Share by Operating Model
Table 31: Soft Facility Management Market Share by Service Delivery
Table 32: Soft Facility Management Market Share by End User
Table 33: Soft Facility Management Market Share by Enterprise Size
Table 34: Soft Facility Management Market Share by Region

Table 35: UAE Risk Facility Management Market Size (2020-2032) (USD Millions)
Table 36: Risk Facility Management Market Share by Type
Table 37: Risk Facility Management Market Share by Operating Model
Table 38: Risk Facility Management Market Share by Service Delivery
Table 39: Risk Facility Management Market Share by End User
Table 40: Risk Facility Management Market Share by Enterprise Size
Table 41: Risk Facility Management Market Share by Region

Table 42: UAE Administrative Facility Management Market Size (2020-2032) (USD Millions)
Table 43: Administrative Facility Management Market Share by Type
Table 44: Administrative Facility Management Market Share by Operating Model
Table 45: Administrative Facility Management Market Share by Service Delivery
Table 46: Administrative Facility Management Market Share by End User
Table 47: Administrative Facility Management Market Share by Enterprise Size
Table 48: Administrative Facility Management Market Share by Region

Table 49: Competitive Outlook – Company Profiles Summary
Table 50: EMRILL Services LLC – Business Segments & Partnerships
Table 51: Imdaad LLC – Business Segments & Partnerships
Table 52: Farnek Services LLC – Business Segments & Partnerships
Table 53: EFS Facilities Management Services – Business Segments & Partnerships
Table 54: COFELY BESIX Facility Management – Business Segments & Partnerships
Table 55: Khidmah LLC – Business Segments & Partnerships
Table 56: Al Shirawi Facilities Management LLC – Business Segments & Partnerships
Table 57: Interserve – Business Segments & Partnerships
Table 58: Etisalat Facilities Management LLC – Business Segments & Partnerships
Table 59: Enova Facility Management Services LLC – Business Segments & Partnerships

Top Key Players & Market Share Outlook

Thrifty
The Hertz Corporation
Emirates Transport
Massar Solutions
Sixt Rent a Car
FasteR rent a car
Kayak
Europcar
Avis Budget Group
Dollar Rent a Car
Speedy Drive Car Rental LLC
Others

Frequently Asked Questions

A. The UAE Rent-a-Car Market is anticipated to register a CAGR of around 8.6% during the forecast period, i.e., 2024-32.

A. The significant surge in the number of registered car rental companies in Dubai drives the UAE Rent-a-Car Market through 2032.

A. Frequent events & exhibitions in the UAE have increased demand for rental cars as visitors look for convenient and affordable transportation options.

A. The growing popularity of ride-sharing services, such as Uber and Careem, is expected to challenge the traditional Rent-a-Car Market in the UAE.

A. Online booking witnessed maximum adoption, resulting in being the highest shareholder in the UAE Rent-a-Car Market.

A. Thrifty, Hertz, Emirates Transport, Massar Solutions, Sixt Rent a Car, Fast rent a car, Kayak, Europcar, Avis Rent a Car, Dollar Rent a Car, Others

UAE Rent-a-Car Market Report and Forecast to 2032

By Type of Car (Budget, Premium, Luxury/Sports), By Application (Leisure, Commercial), By Drive Type (Self-driven and Chauffeur-driven), By Booking type (Online and Offline), By Usage (Up to 500 Km/day, More than 500 Km/day), By Region (Dubai, Abu Dhabi & Al-Ain, Sharjah and Northern Emirates)