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UAE Car Rental Market Future Outlook: Ken Research

How The UAE Car Rental Positioned?

UAE Car Rental, Leasing, and Limousine are highly influenced by the tourists’ influx and corporate offices. The car rental fleet was also observed to grow with a positive CAGR over the last 5 years. The car rental and leasing industry have started to gain momentum with the new government initiatives leading to a transformation for the companies to switch to a Technology-based platform and adopting new customer-oriented services. The Rental companies are having a market size of ~ Thousands as per 2019 has been growing with a positive CAGR. Car Rental services can be booked from the Airport as well as outside UAE. Tourists prefer booking it from the airport to reduce the cost of renting and traveling to the Emirates. UAE has a growing number of tourists and hence it leads to a growing demand for rental services. The corporate offices also rent cars for their corporate uses and clients.

Rental services are in strong demand during annual events and festivals such as the Dubai shopping festival. With new events lined up in Dubai and Abu Dhabi, rental services are anticipated to increase. UAE was witnessed to have the majority of car rental companies in Dubai and Abu Dhabi. Currently, the market is concentrated with rental companies with a mix of foreign players such as hertz rent a car, Thrifty, Europcar, Budget rent a car, Lease Plan, and local players such as emirates transport, Diamond Lease and others.

The Government is pushing the rental companies to adopt sustainability in the fleet and replace the gasoline vehicles to electric and hybrid vehicles in the UAE. Few companies in the UAE have already started maintaining an electric fleet of cars such as Toyota and Tesla and whereas others are still adopting the change.

UAE Car Rental Market Segmentation

By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai has dominated the UAE rental fleet with a market share of ~% during 2019The Rental services are most prominent at Dubai and Abu Dhabi owing to the concentration of corporate companies and major tourist locations. Dubai and Abu Dhabi are the most populous locations and account for the highest rental bookings.

By Types of Cars (Economy, SUV, and Luxury): Economy cars have dominated the UAE rental fleet with a market share of ~% during 2019Rental companies focus on decreasing operational cost and prefer having an economical fleet of car brands such as Toyota and Honda as it is more profitable and provides better mileage.

By End users (Individual and Corporate): Individuals has dominated the UAE rental fleet with a market share of ~% during 2019Individuals prefer renting out vehicles more as compared to corporate and use it for visiting tourist places and for traveling

By Duration (0-1 Month, 1-6 Month, and 6-12 months): Rental services are generally for a very short duration and less than a year. Customers prefer booking it for less than a month.

By Number of Airport Bookings (Airport and Off-Airport): Airport Bookings have dominated the UAE rental fleet with a market share of ~% during 2019Booking rentals cars right away from Airport provide more accessibility and comfort to the tourists and Corporate Clients for traveling in the UAE.

What Is the Competition Scenario in The UAE Car Rental Market?

Competition within the UAE Car Rental, the market was observed to be highly concentrated along with the presence of both local and global car rental companies. The major companies in the Car Rental and Leasing industry in UAE include Emirates Transport, Hertz, Dollar, Thrifty Car Rental, Massar Solutions, Diamond Lease, Shift Rent a Car, National Car Rental, Budget, Lease plan, and others. Major competing parameters include a number of office locations, Client Information, Car Brands, and Partners, Key services, Vintage, and other factors.

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: –

Ajman Beach Car Rental and Limousine service

Autolease Car Rental & Limousine Service UAE

Burj Khaifa Car Rental and Limousine service

Car Leasing services in Umm Al Quwain

Car Rental Business in UAE

Car Rental in the United Arab Emirates

Car Rental Services in UAE

Car Rental Subscription plans

Chauffeur services in UAE

Corporate Limousine Car Industry in UAE

Economy Car Booking in UAE

German Limousine Industry Revenue Analysis

Hatchback Car Booking 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

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