UAE Car Rental & Leasing Industry Analysis: Market Share, Size, Trends, Opportunities, SWOT Analysis, Scope, Segmentation, Market Data Forecast 2017-2025

Car Rental & Leasing in UAE

Market Overview

Car rental and leasing industry in the UAE which emerged as the international business and tourist destination in past few years will continue to grow and will significantly augment the growth of car rental and leasing industry. In spite of high car ownership in UAE, the car rental & leasing industry is majorly driven by leisure tourism and business tourism. UAE’s tourism sector has witnessed strong growth in the past few years. A number of buyers are also favoring renting/leasing a car rather than possessing one. As a result, more interest is expected from car rental companies to increase their fleet of vehicles. Moreover, tourist arrivals in the GCC are estimated to grow at a CAGR of 5.7% during 2017-2025, thus augmenting the growth of car rental and travel firms business in the UAE. Carsharing services could be a growth area in certain markets of UAE. For instance, in Abu Dhabi, a carsharing service provider, “eKar” makes cars accessible in apartment blocks that serve crew members for Etihad, the city’s airline.

Goldstein Research analyst forecast UAE car rental & leasing market is anticipated to grow at a CAGR of +9% over the forecast period as investments by the new and existing market players in the region is expected to upsurge in coming years. Further, increased number of tourist arrivals will further impel the growth of car rental & leasing market.

Market Segmentation

By Rental Type

• Chauffeur Drive
• Special Events
• Self-Driving
• Business Rental

Based on the rental type chauffeur drive or taxi services acquired the largest share of more than 45% share in UAE car rental and leasing market. On the other hand, self-driving segment is likely to be the fastest growing segment, which is expected to grow at a CAGR of 12.4% over the forecast period.

By Services Type

• Interstate Services
• Intrastate Services
• Airport Transfers

By Vehicles Type

• Luxury Cars
• Executive Cars
• Economy Cars
• Sports Utility Vehicles
• Multi Utility Vehicles

By Mode of Booking

• Online Bookings

App-based car rental services

Telephonic car rental services

Web-Based Car Rental Services

• Offline Bookings

Covered In This UAE Car Rental & Leasing Market Report          

The report covers the present ground scenario and the future growth prospects of the car rental & leasing for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. UAE car rental & leasing market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

UAE Car Rental & Leasing Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the UAE car rental & leasing market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “UAE Car Rental & Leasing Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Key Market Players

Our UAE Car Rental & Leasing Market Report comprises of the following companies as the key players.

• Hertz Corporation
• Sixt
• Avis Corporation Regency
• eKAr
• Careem
• Strong car rental
• Auto rent
• Market Rent- A- Car
• Al- Mulla
• Fast Rent A Car
• City Car
• Al Sayer
• Europcar

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this UAE car rental & leasing market report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for UAE car rental & leasing market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of UAE car rental & leasing market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects