Rising UAE Car Finance Penetration and Multiple Car Finance Products Offered by Banks to Foster Growth: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “UAE Car Finance Market Outlook to 2021 – Rising Car Finance Penetration and Multiple Car Finance Products Offered by Banks to Foster Growth” which provides an extensive analysis of car finance market in UAE. The report covers market size on the basis of credit disbursed, number of cars financed and new and used car penetration, segmentation on the basis of new and used car finance, tenure of loan for new car and used car and number of new cars financed in each emirate. The report also includes the rules and regulations implied by the government on the banks and private finance companies in lending a car loan, competitive landscape and company profiles for major players in the car finance market. The report provides detailed overview on the general features of car loan in the country and future outlook & projections with future strategies of the players in the market. The report facilitate the readers with the identification and in-depth analysis of the existing and future trends and issues that impact the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for prospective borrowers, car dealers, banks, private finance companies and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future. Industry Overview The market has displayed a steady growth trend until 2015 during the review period, 2011-2016 at a CAGR of ~%. In 2016, there had been a fall in the credit disbursed for passenger and commercial cars as a result of the weakening macro economic conditions within the country. The growth exhibited by the market during the initial five years of the review period was supported by factors such as increasing demand for new and used cars, rising price of the cars, low profit rates or interest rates and other related factors. Fall in the credit disbursement observed during 2016 was resulted out of the falling oil prices, increasing loan rejection rates, stringent lending policies adopted by the banks due to the piling up of non-performing loans and other such factors. Market Segmentation of UAE Car Finance Market The UAE’s car finance market is segmented by new and used car finance, by tenure of loan for new and used car on the basis of number of cars financed and by emirate on the basis of number of new cars financed. On the basis of credit disbursed, the new car dominated the market with a share of ~% in 2016 followed by used cars. For new cars, the tenure of three years dominated the car finance market with a share of ~% on the basis of number of new cars financed in 2016. It is followed by four years, two years, five years and one year tenures. Dubai holds the highest share among all other emirates of UAE in terms of number of new cars financed. It held a share of ~% during 2016. Abu Dhabi holds the second position in the market followed by Sharjah, Ras Al Khaimah, Umm Al Quwain, Al Ain and Fujairah. Competitive Landscape UAE car finance market comprises of players such as banks and private finance companies; banks being the major player. The market is highly fragmented with more than ~ banks and ~ private finance companies. Banks are spread across the country with more than 1,000 branches. Strict competition is existent in the market with over five dozen financing schemes for both used and new cars offered by these players. The banks and private finance companies compete with each other on the basis of various loan parameters such as interest rates or profit rates, loan tenure, early settlement charges, feature packed loans, additional offers, minimum salary requirement and various other parameters. Major players in the market include Emirates NBD, Dubai Islamic Bank, Mashreq Bank, Al Wifaq Finance, Finance House and others. Future Potential of UAE Car Finance Market During the forecast period 2017-2021, the UAE car finance market is expected to recover from the fall it has experienced towards the end of the review period, 2011-2016. It is anticipated that the car finance market in the country will grow at a CAGR of ~% during the forecast period 2017-2021. The recovery is presumed to be at a slow pace due to various factors such as low deposit rates prevailing in the market and high rate of non-performing loans compelling the banks to consolidate their existing activities rather focusing on growth. However, a growth is expected to be observed in the market which will be supported by an increased number of bundled offerings, new innovative strategies adopted by the banks and dealers and other entities. Moreover, increasing demand for electric cars within the country will enable the development of fresh car loans. Key Topics Covered in the Report: UAE Auto Loan Market UAE Car Finance Market Size UAE Car Financing Market UAE Car Finance Market Segmentation Top UAE Car Loans Banks Government Regulations on UAE Car Finance Market Islamic Banks UAE Car Loan Market Growth Trend Car Loan UAE UAE Car Loan Industry Dubai Average Loan Rate UAE Auto Loan Disbursal NBAD UAE Auto Finance Finance the Car in UAE Process Competition UAE Car Loan Car Financing Option in UAE For more coverage click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/uae-car-finance-market/110143-93.html Related Reports by Ken Research https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/india-car-finance-market-report/679-93.html https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-used-car-report/79410-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-used-car-2015-edition/654-100.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Auto Finance Opportunities in UAE, Auto loan Industry in the UAE, Car Financing Option in UAE, Car Loans UAE Top 5 Banks, Car Payment or Car Loan Decision UAE, Compare Auto Loans in the UAE, Competition UAE Car Loan, Dubai Average Loan Rate, Dubai Islamic Bank Loan Disbursed Car, Emirates NBD Market Share Auto Loan, Finance the Car in UAE Process, Financing a Used car in UAE, Future Strategies UAE Car Loan, Growth Trend Car Loan UAE, Islamic Banks UAE Car Loan Market, NBAD UAE Auto Finance, New and Used Car Financing in UAE, Passenger and Commercial Vehicles Sales in the UAE, Top UAE Car Loans Banks, UAE Auto Loan Disbursal, UAE Auto Loan Market, UAE Car Financing Market, UAE Car Loan Industry, Used Car Financing in the UAE, Used Car Sales in the UAE, Vehicle Financing in the UAE