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UAE Used Car and Auto Classified Market Size 2021 COVID-19 Impact Analysis by Business Opportunities, Applications, Growth Drivers, and Future Outlook till 2025: Ken Research

The report titled UAE Used Car and Auto Classified Market Outlook to 2025 (Second Edition) – Driven by Growing Expat population and increased Awareness on health and hygiene due to covid-19.provides a comprehensive analysis on the status of used car industry in UAE. The report covers various aspects including volume of used cars & market size, export & re-export of used and new cars by transaction value & by country, trends & developments, growth drivers, issues & challenges faced by the industry, government regulations, challenges & restraints, SWOT analysis, Porter 5 forces analysis, recent developments and other aspects. Further, the report focuses on the UAE Used Car Market Segmentation by Type of Car (SUV/Crossover, Sedan, Coupe, Hatchback, Pickup Truck, Sports Car, Convertible, and Others), by Manufacturers on the basis of Region (Japanese, German, American, Korean, British, and Others), by Region (Dubai, Sharjah, Abu Dhabi, Umm Al Quwain, Fujairah, Ras Al Khaimah, and Ajman), and by Sales Channel (B2B/B2C Dealership, Online Marketplace including Classified Platforms and C2C-Word of Mouth by sales volume and transaction value). UAE Used Car Industry report concludes with projections for the future of the industry including forecasted sales revenue and volume by 2025, Covid-19 impact, and analysts’ take on the future and directory of automobile dealers in luxury segment in UAE.

UAE Used Car Market Overview and Size

UAE is one of the biggest automobile markets in the industry. The market of used cars has grown at very fast pace in the last few years. The market size by value has registered a five-year CAGR of xx% (2015-2020) as the total value of sales increased from AED xx Billion in 2015 to AED xx Billion in 2020. The market size by volume increased from xx cars in 2015 to xx cars in 2020 while registering a five-year CAGR of xx% in the period. The market had initially slowed down in between 2015 and 2017 due to fall in export value of crude oil in 2015 oil which adversely impacted the purchasing power of consumers. However, since 2017 the market had witnessed tremendous growth. There are a number of growth drivers which has resulted in expansion of the market; these include improving quality of used cars and large number of expatriates among other determinants. There have been a number of regulatory changes that have impacted the market such as the imposition of VAT of 5% for sales of used as well as new cars in 2018. There are a number of challenges that exist for the market such as price discrepancies, lack of standardization and others. Customers of the used cars can be divided according to their needs. The passion for cars in the country is one of the biggest reasons that more and more players are entering the market. Further, the used car market can be segmented on the basis of import, export and re-export of used car sales based on brands and countries. In recent times manufactured certified cars are gaining foothold in the market as they provide reliable quality of cars.

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UAE Used Car Market Segmentation

By Domestic Sales by Market Structure: the domestic used car market of UAE has been segmented on the basis of channels of distribution. The channels of distribution are B2B/B2C dealerships, online marketplace platforms including classifieds and C2C (word of mouth). Online marketplace platform including classified sales have an outright market share of xx% followed by xx% market share for dealership and the rest xx% is with C2C channel in 2020.

By Domestic Sale by Type of Car: Among this segment SUV/crossover used cars are the market leaders with ~xx% of the market share in 2020 followed by sedan, coupe, hatchback, pickup truck, sports car and convertible. SUV are one of the most common types of cars that are sold in the market.

By Domestic Sale by Type of Manufacturer: The Japanese manufactured used cars enjoy the market leadership with xx% of the total market by volume in 2020. It is followed by German manufactured cars with xx% of market share and American manufactured cars with market share of xx% of the total market as of 2020. The domestic sale of used car is segmented into Japanese, German, American, Korean, British, and others.

By Domestic Sale by Region: The country is divided into seven emirates (Dubai, Sharjah, Abu Dhabi, Umm Al Quwain, Ras Al Khaimah, Fujairah and Ajman). Dubai has the highest market share by volume of used cars accounting for xx%, followed by Sharjah with xx% of the overall market, and Abu Dhabi with xx% market share in 2020.

Competitive Landscape in UAE Used Car Market

The competition in the market is highly fragmented with no single player accounting for majority market share in UAE. There are three sales channels used by the players i.e., dealerships, classifieds and online marketplace platforms. Most of the online marketplace players operates via both online medium as well as through physical retail outlets such as Al-Futtaim Automall. There are more than 400 dealerships in the market with Al- Naboodah, Al-Tayer and Arabian Automobiles as some of the biggest players in the market. Classified platforms have grown in number and currently there are more than 40 online portals in the market. Dubizzle, Dubi Cars, Carmudi and Yalla Motors are some of the biggest online players in the market. Dubizzle is the market leader with xx% of the market share under the segment of classified platform in UAE. The companies compete with each other on the basis of prices; value added service, brand reputation, digital presence and others. Many companies are trying to attract the customers through sales promotion. The cars dealers generate revenue by buying a car at low price, refurbishing the car and selling the car at markup prices. The competitive scenario is expected to intensify in the near future as the market gathers momentum. The dealerships are expanding their retail space as the aesthetics and decorum of the retail outlet are few parameters which the dealerships are expected to use to differentiate themselves from the competitors. Moreover, the advent of COVID-19 has enabled the customers in adapting to the digital medium wherein these individuals are better suited to make purchasing and selling decision through online mode. Therefore, used car sales through online marketplace and classified platforms are expected to record massive growth in coming years. For gaining advantage in this domain, these players are offering services such as doorstep delivery, inspection of cars at home etc., which is better suited to the customers as there is resistance in travelling to a retail outlet as it is time consuming and fear of contracting COVID-19. Cars24, a leading online marketplace player in India have expanded their business in UAE since April 2021 to capture the increasing demand of used cars in UAE thereby, generating massive revenue in the upcoming years.

UAE Used Car Market Future Outlook and Projections

The market size by value is expected to grow at a five-year CAGR of xx% increasing from AED xx billion in 2020 to AED xx billion in 2015. The market size by volume is expected to grow at a five-year CAGR of xx% from 2020 to 2025 increasing from xx cars sold in 2020 to xx in 2025. Revival of the country’s economy followed by the aftermath of COVID-19, adaptation of digital medium, increasing demand of private ownership, increased awareness on health and hygiene due to the onset of COVID-19 resulting in increasing demand of private transportation medium, increasing competition are some of the factors which will help the market to grow in the future. A number of operational and marketing changes are expected to happen in the market as the companies are becoming more and more customer centric. The market size by sales volume of online marketplace platform including classified players will surge at a 5-year CAGR of xx% from 2020 to 2025. On the other hand, the market size by sales volume via C2C (word of mouth) channel will shrink at a five-year CAGR of -xx% in the same period. The domestic sales by region will grow at the fastest rate in Sharjah followed by Dubai and Abu Dhabi, while the demand in other emirates will almost remain constant.

Key Segments Covered in UAE Used Car Market

  • Used and New Cars Re-Export by Country
  • UAE Free Zone
  • Saudi Arabia
  • Iraq
  • China
  • Oman
  • Used and New Cars Export by Country
  • UAE Free Zone
  • Mali
  • Sudan
  • Somalia
  • Congo
  • By Type of Car
  • SUV/Crossover
  • Sedan
  • Coupe
  • Hatchback
  • Pickup Truck
  • Sports Car
  • Convertible
  • Other (Utility Truck, Van, Wagon etc.)
  • By Type of Manufacturer on the basis of Region
  • Japanese
  • German
  • American
  • Korean
  • British
  • By Region
  • Dubai
  • Sharjah
  • Abu Dhabi
  • Umm Al Quwain
  • Ras Al Khaimah
  • Fujairah
  • Ajman
  • By Sales Channel
  • Online Marketplace Players including Classified Channel
  • B2B/B2C Dealers
  • C2C – (Word of Mouth)

Key Target Audience

  • Used Car Dealerships
  • Classified Used Car Retailing Websites
  • Online Marketplace Websites dealing in Used Car
  • Auction Players
  • Used Car Financing Companies
  • Government Bodies
  • Investors and Venture Capital Firms
  • Used Car Associations
  • Used Car Buyers
  • Used Car Sellers

Time Period Captured in the Report:

  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025

Used Car Companies in UAE:

  • Dealerships
  • Al-Naboodah Automobiles
  • Arabian Automobiles
  • Al-Tayer Motors LLC
  • Al-Ghandi Auto Group
  • Online Marketplace Players
  • Al-Futtaim Automall
  • Gargash Motors and General Trading LLC
  • Alba Trading FZC
  • Cars24
  • The Elite Cars
  • Swaidan Motors
  • Galdari Pre Owned
  • Autotrust
  • SellAnyCar
  • Car Switch
  • Classified Companies
  • Dubizzle
  • Yalla Motor
  • Dubicars
  • Carmudi

Key Topics Covered in the Report

  • Value Chain Analysis of UAE Used Car Market
  • UAE Used Car Market Ecosystem
  • Customer Profile of UAE Used Car Market
  • UAE Used Car Market Size, 2015-2020
  • UAE Used Car Market Research Report
  • UAE Used Car Market Size by Transaction Value and by Sales Volume, 2015-2020
  • UAE Used and New Cars Re-Export by Value and by Country, 2015-2020
  • UAE Used and New Cars Export by Value and by Country, 2015-2020
  • UAE Used Car Market Segmentation, 2020
  • Competitive Landscape of UAE Used Car Market, 2020
  • Parameters of Competition of UAE Used Car Market
  • Market Share of UAE Used Car Market Players – (Dealership Network, Online Marketplace Players and Classified Companies)
  • Company Profiles of Arabian Automobiles, Al-Naboodah, Al-Tayer Group, Dubizzle, Yalla Motor, DubiCars, Carmudi, Al-Futtaim Automall, Elite Cars, SellAnyCar, and Car Switch
  • Trends and Developments in UAE Used Car Market
  • Growth Drivers of UAE Used Car Market
  • Challenges and Restraints in UAE Used Car Market
  • SWOT Analysis of UAE Used of Market
  • Porter 5 Forces Analysis of UAE Used Car Market
  • Government Regulations in UAE Used Car Market
  • Recent Developments in UAE Used Car Market
  • Channels Used for Selling Pre-Owned Cars in UAE – (Dealerships, Classifieds and Online Marketplace)
  • Impact of COVID-19 on UAE Used Car Market
  • UAE Used Car Market Future Outlook and Projections, 2020-2025E
  • Analyst Recommendations
  • Macro-Economic Factors Affecting Used Car Market in UAE
  • Directory of Automotive Dealers in Luxury Segment in UAE

Related Reports

The UAE Car Rental, Leasing, And Limousine Market Outlook to 2025 (Second Edition) – Driven By Reviving Tourism, Altered Customer Preference from Public Transport to Personal Cars Owing to COVID-19

Future Potential Market of LEVs in Last Mile Delivery Industry in KSA – Favorable Government Policies and Better Charging Infrastructure Availability to drive the LEV Sales in KSA Market

Malaysia Used Car Market Outlook to 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry’s Growth

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Ken Research

Ankur Gupta, Head Marketing & Communications

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