Report

UAE Rent-a-Car Market Report and Forecast to

121 pages Aug 2024
UAE Rent-a-Car Market Report a

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 Us...age (Up to 500 Km/day, More than 500 Km/day), By Region (Dubai, Abu Dhabi & Al-Ain, Sharjah and Northern Emirates) Read more

  • Automotive & Transport
  • Pages : 121
  • Aug 2024
  • Report Format :  

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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.

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Key Factors Considered by Consumers While Selecting a Rental Car Company
  7. Smart Measures Takes by Car Rental Companies
  8. 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
  9. 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
  10. 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
  11. 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
  12. 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
  13. Contact Us & Disclaimer

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