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UAE Car Rental and Leasing Market has supported by the Increasing Tourists Inflow Coupled with the Surging Demand from Corporate Industries: Ken Research
April 2020

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Amplified the influx of tourists in UAE has led to the growing demand for rental, leasing and limousine services.”

Technological Advancement: With the use of technological capabilities such as GPS tracking, Biometrics, Smartphone technology, connected cars, Keyless technology and WIFI facility can help in reducing the operational cost, better management of the fleet. Adoption of Modern application with the feature of booking the car anywhere and using filters on the basics of location, car brands, car segment. This has made it easy for the customers to book and pre-book a vehicle with their flexibility and comfort. The government has also taken a step forward by promoting Electric vehicles on UAE roads.

Growth in International Tourist: UAE is a modern hub of shopping, culture, and iconic structure attracting tourists from all around the globe with the majority of the visitors’ population from India, KSA, and UK. International visitors summed up a total of 16.66 Million in 2018 and Dubai International is one of the busiest Airports. Dubai and Abu Dhabi is the major tourist hub spot attracting the majority of car rentals and limousine bookings from the airport as well as off-airport locations. The tourists rent a vehicle from the airport itself for traveling around the places. Upcoming Annual events such as Dubai Tennis Championship, Dubai Shopping Festival, and Grand Prix are expected to attract a huge visitor’s population and increase the demand for car rentals, Leasing, and Limousine cars.

Sprouting SME industry in UAE: The Small and medium-sized enterprises (SMEs) sector represents more than 98% of the total number of companies operating in the UAE and contributes towards 52% of the non-oil GDP. The SME industry in UAE is growing and has a huge potential to help grow the car renting leasing, and limousine industry. The SMEs require vehicles for their daily transport and services and Lease cars for its corporate use and for its employees. They even rent out cars and Limousine services for special occasions and clients. As the number of SMEs increases the demand for the rental, leasing, and limousine industry will increase drastically.

Analysts at Ken Research in their latest publication UAE Car Rental, Leasing and Limousine Outlook to 2024 - Driven By Growth In Tourism And Corporate Demand” 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 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 - Rising Prominence of Shared Mobility Space with Growing Competencies of Self-Drive Companies due to the Growing Investments

Car Rentals (Self Drive) Market in Egypt to 2022: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others)

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249