The UAE Car Rental and Leasing Market is expected to be driven by Changing Customer Preference vis-à-vis Personal ownership owing to Covid-19 coupled with Rising Tourism, High Vaccination Rates enabling Commercial Activities: 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 Key Findings Historically, public transport has been the preferred mode of travel in UAE. However, the pandemic has provided a shift in consumer preference for the industry with the increased movement of the population towards personal transport due to health reasons. The change in consumer preference has been aided by greater technological adoption, government regulations, and health concerns. Consumers are shifting away from traditional methods of booking vehicles for rentals directly from the airport to booking vehicles from any part of the city through the applications of different aggregators. Major players in the market such as Diamond lease, Avis, Hertz and Shifty and many more, are expanding their fleets as aggregators have entered the market and the requirement for ‘ready-vehicles’ has increased. One way the major players have expanded their fleet size is by acquiring fleets from companies which suffered financially from the effects of the pandemic. Increasing Car Rentals and Leases due to Covid-19: The demand for rental and leased cars increased after the lockdown imposed due to Covid-19 pandemic was lifted but restrictions imposed by the UAE government on Public transport continued. There was a shift in consumer preference due to various factors. Most noticeably, health concerns by individuals and families moved to rent cars instead of using public transport. The growth of tech aggregators in the market also eased the process of selecting vehicles on rent or lease. Nonetheless, the behavior of individuals and corporates varied as individuals demanded cars for a shorter period of time more frequently than compared to corporates who demanded vehicles for a longer period of time. Opportunities through Commercial Events and Reviving Tourism: Companies in this space are bullish towards Expo 2020 with the event spanning for a period of over 6 months and with an expected arrival of over 3 million people for the event. In the Limousine space, companies are bullish towards the event due to the increased pre-bookings done by corporates for the event. Furthermore, there is an expectation in the market that tourism will revive back due to the high vaccination rates and the attitude of the government towards this has been seen fairly positive. Shift towards Electric/Hybrid Vehicles: The Government in UAE has been pushing towards a movement towards electric vehicles in a strong manner by providing both monetary and non-monetary incentives. The most direct of this effects would be experienced by the taxi and limousine companies working in the industry as the government owned companies have already started transforming their fleets to either hybrid or electric ones, providing them with a first mover advantage. In comparison, the rental companies run on a very thin number of Electric Vehicles in their fleet currently but are expected to increase the same in the coming years. Focus on Value-Added Services: In the near future, similar trend can be observed for both the rental and limousine companies as players are competing by providing superior value-added services instead of heading towards a price war. The services include sliding scale termination policy, pooled mileage services to corporates to after rental services and guaranteed replacement of vehicles during servicing. Easy financing opportunities will be offered to both corporates as well as individuals. Analysts at Ken Research in their latest publication “The UAE Car Rental, Leasing and Limousine Market Outlook to 2025 – Driven by Reviving Tourism, altered Customer Preference from Public Transport to Personal Cars owing to Covid-19” observed that UAE car rental and leasing market is in a growth phase, and is recovering strongly from the economic crisis after pandemic. The primary factors that are leading to the gains in the sector are the rebounding of tourism, favorable government initiatives in the form of various events such as Expo 2020 and Abu Dhabi Grand Prix for Formula 1. Additionally, shift in customer preference towards rental and leased vehicles aided by increased technological adoption. The UAE Car Rental Market is expected to grow at a CAGR of 8.5% on the basis of revenue for the period 2020-2025F. Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NDczMDMx Key Segments Covered for Car Rental By Emirates Dubai Abu Dhabi Sharjah Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain) By Types of Car Economy SUV Luxury By End User Corporate Personal By Source of Booking On-Airport Off-Airport By Duration of Car Rental 0-1 Month 1-6 Months 6-12 Month Key Segments Covered for Car Leasing By Emirates Dubai Abu Dhabi Sharjah Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain) By Types of Car Economy SUV Luxury Pick-Up Vans By Type of Car Leased Corporate Personal By Duration of Car Leasing 1 Year 2 Years 3 Years More than 3 Years By End User Facility Management Industrial Sector Food Services Logistics Others Key Segments Covered for Limousine Car By Emirates Dubai Abu Dhabi Sharjah Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain) By Limousine Companies in Emirates (Number of Companies) Dubai Abu Dhabi Sharjah 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 Non – Event By Source of Business (for Cab Companies) Airport Non – Airport By Source of Business Cab Companies Non – Cab Companies By Source of Payment Direct from Corporate Corporate Payments By Purpose of Limousine Leisure Corporate Companies Covered Rental and Lease 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 Nirvana Travel and Tourism Auto Rent Limousine Companies Dubai Taxi Corporation Emirates Transport City Link Limousine Private Limousine Avis Limousine Transguard Limousine Limoinuae National Transport Sharjah Roads and Transport Authority Hot Wheels Limo Global Wings Limousine City way Limousine Royal Falcon Limousine Insaf Limousine Onak Limousine Dubai Exotic Limo Major Dealer Al Habtoor Al Futtaim Al Rostamani Al Tayer Group Ali and Sons Key Target Audience Car Rental companies Car leasing companies Limousine Companies Tourism Industries Tour and Travel Aggregator Automobile companies Cab taxi companies Cab Aggregators Technology Provides Investors and Venture Capitalist Government Associations Time Period Captured in the Report:- Historical Period – 2015-2020 Forecast Period – 2021-2025 Key Topics Covered in the Report Overview of the UAE Car Rental, Leasing and Limousine Industry Government Regulations, Initiatives and Procedure to Start Car Rental & Leasing Business Car Rental Market Overview Car Rental Market Size Car Rental Market Segmentation Future Outlook of the UAE Car Rental Market, 2020-2025F Car Leasing Market Overview Car Leasing Market Size Car Leasing Market Segmentation Future Outlook of the UAE Car Leasing Market, 2020-2025F Competition in Car Rental and Leasing Market Company Profiles of Rental and Lease Companies Limousine Car Market Overview Limousine Car Market Segmentation Competition in Limousine Service Market Overview Future Outlook of the UAE Limousine Car Market, 2020-2025F Covid-19 Impact on the Industry & the way forward Analysts’ Recommendations For More Information on the Research Report, Refer to Below Link: UAE Car Rental, Leasing and Limousine Market: Ken Research Related Reports: UAE E-Commerce Logistics Market Outlook to 2025 – Driven by Growth in Online Shoppers along with Introduction of New Age Technologies by Logistics Players UAE Experiential Learning Market Outlook to 2025- Concentrated Activity Box and E-Learning Segment Paving Ways for International Players to Expand Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Abu Dhabi Car Rental market, Aggregators in Car Leasing Industry UAE, Automobile companies, Cab Aggregators in UAE, Cab Service Providers in UAE, Cab taxi companies in UAE, Car Leasing companies in UAE, Car Leasing Service Providers in UAE, Car Rental Business in UAE, Car Rental companies in UAE, Demand of Car Leasing in UAE, Diamond lease Car Leasing Market Revenue, Emerging companies in UAE Car Leasing Market, Hertz Car Rental Market share, International players in UAE Car rental Market, Investors and Venture Capitalist, Limousine Companies in UAE, Limousine Market in UAE, Major Players car rental Industry UAE, Major Players in the Limousine Space, Number of people using taxis in UAE, Number of rented fleets in UAE, Opportunity in UAE Car Leasing Business, Rental Market in UAE, Start-ups in Car Rental industry UAE, Starting car rent business in Dubai, Taxi business industry in UAE, Top Car Leasing Companies in UAE, Tour and Travel Aggregator in UAE, UAE Car Leasing Market End Users, UAE Corporate Car Rental Market, UAE Large Sized car Rental Market, UAE Personal Car Rental Market, UAE Premium car Rental Market, UAE Standard car Rental Market, UAE Ultra Luxury car Rental Market, UAE Vehicle Leasing Market