UAE being recognized as Premium Tourist and Leisure Destination with Growing Number of Expats to Drive Car Rental Market: 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 U.A.E.’s leisure and entertainment market is set to grow as 45 million visitors are expected by 2021, including 30 million international tourists increasing business for Hospitality, Tourism and Transportation industries. Expat population sums up to 8.45 million as of 2018, with the highest 35.7% of Indians.6 During 2018, the outflow of emigrants from India to UAE, comprised of 103 Thousand Dubai and Abu Dhabi to forecast a huge demand in Car Rental, Leasing and Limousine Services anticipated by the upcoming events and Expo. Electric Vehicle, IoT technology, and Machine learning will drive the Growth: Car Rental, Leasing, and Limousine companies are using the technology such as IoT and machine learning to improve the Fleet operations and management. New Tech-based platforms such as Beno are entering the market to increase traditional sales channels for its partners and also creating a more efficient, data-enabled, and technology-driven ecosystem with consumers at its heart. Companies are focusing on customer experiences and services are providing the best online service and car booking features. Digital Payments will soon become a common practice across the UAE giving the customers freedom from carrying cash and local currency. This will be highly beneficial for Intentional Tourists. Annual Events and Growing demand: More than 1, 35,000 visitors are expected to attend Formula 1 Grand Prix 2020 in Abu Dhabi out of which 60% will be foreign visitors. With the growing popularity of Dubai and Abu Dhabi as the major Economic locations, there is a high influx of corporate and Tourists creating an enforced demand for the Car Rental, Leasing, and Limousine Services. New Cab Aggregators are emerging in the market to cater to the potential demand. The leasing and Limousine service are expected to increase with a positive CAGR of 6.6% and 7.7% respectively in terms of the fleet during the forecast period 2019-2024F. Growth Strategies by UAE Cab Taxi Industry: Dubai Taxi Corporation will be adding 200 Tesla electric cars by 2020 and 50% of its fleet will be converted into hybrid vehicle by 2021. Hybrid vehicles save fuel consumption by as much as 25.41 L per vehicle per day – equivalent to Dh54.38 savings per vehicle per day (fuel price at Dh2.14 per L). Furthermore, Cashless payments are becoming the norm in the UAE and Abu Dhabi emirate’s taxis have started to offer the same convenience to commuters as it is often hard to find the exact change needed to pay the fare. Analysts at Ken Research in their latest the publication “UAE Car Rental, Leasing and Limousine Outlook to 2024– Driven By Growth In Tourism And Corporate Demand for Employee Mobility” believe that the car rental, leasing, and limousine industry in UAE has been growing and is expected that it will expand further owing to the rising number of SME’s, International Tourists, working population and annual events, additional services provided by the companies such as flexible plans, online booking options and offers. The Car rental and leasing market is expected to register a positive CAGR of 9.7% in terms of revenue during the forecast period 2019-2024F and a positive CAGR of 13.8% in terms of revenue during the forecast period 2019-2024F for the limousine industry. 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 Saudi Arabia Car Rental and Leasing Market Outlook to 2023 Tags: Ajman Beach Car Rental and Limousine service, Autolease Car Rental & Limousine Service UAE, Burj Khaifa Car Rental and Limousine service, Car Hire Market in Dubai, Car Leasing Fleet Size in UAE, Car Leasing Industry In UAE, Car Leasing Market In UAE, Car Leasing services in Umm Al Quwain, Car Rental & Leasing Market In UAE, Car Rental Business in UAE, Car Rental Fleet Size in UAE, Car Rental in the United Arab Emirates, car rental industry analysis uae, Car Rental Industry in UAE, Car Rental Market in UAE, car rental market size uae, Car Rental Services in UAE, Car Rental Subscription plans, Chauffeur services in UAE, Companies in UAE Car Rental Market, Competition in the UAE Car Leasing Market, Corporate Car Leasing Market UAE, Corporate 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UAE Car Rental Market