Tuesday 28 April 2020

UAE Car Rental, Leasing and Limousine Market Outlook to 2024

The report titled “UAE Car Rental, Leasing and Limousine Market Outlook to 2024-Driven By Growing Corporate Ecosystem and Growth in Tourism Backed Up Government Initiatives and Annual Events” provides a comprehensive analysis of Rental, Leasing and Limousine services in UAE The report focuses on market segmentation in terms of Fleet Size for Rental companies, By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain), Types of Cars (Economy, SUV, and Luxury), By End users (Individual and Corporate), By Duration (0-1 Month, 1-6 Month and 6-12 months) and By Number of Airport Bookings (Airport and Off-Airport. The market segmentation on the basics of Revenue and Fleet size for Leasing companies, By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain), By Types of Cars (Economy, Pick Ups, SUV, and Luxury), By Duration (1 Year, 2 Year, 3-year ad 3+ Years), By Types of Car Leased (Individual and corporate), By End User (Facility Management, Industrial Sector, Food Services, Logistics, Oil and Gas and Government and Associations). The report includes market segmentation on the basics of Revenue and Fleet size for Limousine companies, By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain), By Number of Airport Bookings (Airport and Off-Airport), By Types of Cars (Standard, Large, Luxury and Ultra Luxury), By Source of Payment (Direct from customers and corporate payments), By Business (Event and Non- Event Business), By Number of Limousine companies in Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain), By Purpose (Cab and Non-Cab Companies) and By Types of the limousine (Leisure and Corporate).The report also covers the overall comparative landscape, trends and growth drivers, issues, and challenges, and government regulations. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.
Market Overview
UAE has the world’s highest net migration rate, with nearly 88.52% of the population composed of expatriates and immigrants comprising the majority workforce of the national the United Arab Emirates has long been recognized as a premier tourism and leisure destination owing to places such as Dubai Marina, Burj Khalifa.
Dubai is set to become one of the most popular destinations in the world for Tourists by 2025. Dubai is the most the populous city followed by Abu Dhabi in UAE with 2.7 Mn people working in Dubai as of 2019 and 1.4 Million people working in Abu Dhabi as of 2017
Market Segmentation of Car Rental Market
By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): The 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): An economy segment in the car rental market was observed to dominate the market. Rental 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 a better mileage.
By End-users (Individual and Corporate): Individuals prefer renting out vehicles more as compared to corporate. A higher number of tourists visiting the Emirates contributes to the higher demand for car rental services in UAE.
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. UAE was witnessed to have a higher demand for the car rental service for the duration of 0-1 months.
By Number of Airport Bookings (Airport and Off-Airport): The car rental market was observed to be dominated by the on-airport books as the booking of rental cars right away from Airport provides more accessibility and comfort to the tourists and Corporate Clients for traveling in UAE.
Market Segmentation of Car Leasing Market
By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai captured the majority share in terms of fleet size in the car leasing market. Dubai and Abu Dhabi are population-dense emirates with the highest number of corporate, SME, and government associations creating a constant demand for leased vehicles.
By Types of Cars (Economy, Pick Ups, SUV, and Luxury): Economy class vehicles of brands such as Honda and Toyota were observed to have a higher demand as they are used by rental companies and household and pickups by corporate clients for industrial use.
By Duration (1 Year, 2 Year, 3 year, and 3+ Years): Leasing services are generally for a long duration. Most of the leasing is for the duration of 2-3 years as it is more profitable and economical for the customers.
By Types of Car Leased (Individual and corporate): Corporate segment was observed to dominate the car leasing market in UAE. A growing number of SMEs in Emirates, Cab Taxi, and car rental companies create a demand for leased vehicles to be used for their service.
By End User (Facility Management, Industrial Sector, Food Services, Logistics, Oil and Gas and Government and Associations): Car leasing is most common in facility management companies and industrial companies. The leased vehicle is generally used for internal purposes only by these companies. 
Market Segmentation of Limousine Car Market
By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai and Abu Dhabi have the highest number of households and corporate offices. These lead to the highest demand for Limousine services by corporate and Individuals.
By Number of Airport Bookings (Airport and Off-Airport): Limousine cars are booked from the airport as well as outside the Airport. Airport bookings are done majorly by tourists and clients. Non-Airport booking are generally done for occasional events.
By Types of Cars (Standard, Large, Luxury and Ultra Luxury): Standard and Large vehicles of car brands such as Lexus and Infiniti are most preferred by the customers followed by Luxury and Ultra-luxury vehicles.
By Source of Payment (Direct from customers and corporate payments): Limousine services are hired via website or offline means. The customers pay directly to the companies instead of aggregate platforms.
By Business (Event and Non- Event Business): Limousine services are majorly booked for major events such as weddings, parties, and other occasions.
By Number of Limousine companies in Emirates: Dubai and Abu Dhabi are highly populated emirate with the highest demand for limousine cars. Dubai and Abu Dhabi have the highest concentration of a number of limousine companies to cater to that demand.
By Purpose (Cab and Non-Cab Companies): limousine services majorly drive its revenue from Cab companies in UAE
By Types of limousine (Leisure and Corporate): Limousine services is considered a luxury service and hired majorly for leisure purposes.
Competitive Landscape
The UAE car rental and leasing industry is a highly competitive industry with small players having a fleet size less than 20 vehicles to global players such as Hertz, Thrifty, Europcar and Dollar. The major companies in the Car Rental and Leasing industry in UAE includes Emirates Transport, Hertz, Dollar, Thrifty Car Rental, Massar Solutions, Diamond Lease, Shift Rent a Car, National Car Rental, Budget, Lease plan, and others. The major companies in the Limousine Car market include Dubai Taxi Corporation, Emirates Transport, Citylink Limousine, Avis Limousine, Transguards Limousine, National Transport Authority, Hot Wheels Limousine, and others. Major competing parameters include number of office locations, Client Information, Car Brands, and Partners, Key services, Vintage, and other factors.
Future Outlook and Projections
UAE Car Rental and Leasing sector is set to increase both in terms of fleet size and revenue. The Car Rental fleet size is anticipated to grow at a CAGR of 8.8% during 2019-2024 This growth will be backed by new entrants’ business growth. UAE is a popular tourist destination and is anticipated to see a pull in Tourist footfall. New Government Initiatives are propelling the corporate demand and technological up-gradation of the market.
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: -
Present Day Landscape of UAE Rental, Leasing and Limousine Industry
UAE Car Rental Market Overview
UAE Car Rental Market Size
UAE Car Rental Market Segmentation
Competition in UAE Car Rental Market
Future outlook of UAE Car Rental Market
UAE Car Leasing Market Overview
UAE Car Leasing Market Size
UAE Car Leasing Market Segmentation
Competition in UAE Car Leasing Market
Future outlook of UAE Car Leasing Market
UAE Limousine Car Market Overview
UAE Limousine Car Market Size
UAE Limousine Car Market Segmentation
Competition in UAE Limousine Car Market
Industry Analysis
Company Profiles of Car Rental & Leasing companies
Analyst Recommendations
Snapshot of UAE Cab Taxi Market
Snapshot of UAE Cab Aggregator Market
Appendix
For More Information on the research report, refer to below link: -
Related Reports by Ken Research: -

22 comments:

  1. Country Way Landscaping (CWL) is a family run British owned company which has been operating in the UAE for 10 years. We have joint experience of over 32 years in the UAE and over 25 years in the UK.

    Thank You
    Landscaping Companies In Dubai

    ReplyDelete
  2. amazing information!
    https://www.bookride.co.uk/

    ReplyDelete
  3. An exceptionally pleasant blog for this sort of subject, brimming with each sort of data. In the event that you need to peruse more on these connected subjects, check this site latest upcoming cars in india

    ReplyDelete
  4. An exceptionally pleasant blog for this sort of subject, brimming with each sort of data. In the event that you need to peruse more on these connected subjects, check this site latest upcoming cars

    ReplyDelete
  5. Hi, Highly notable service in airport which is VIP Airport Assist. Most of the clients request their luxury travel aid. So, Jodogo serve VIP concierge services in Frankfurt airport and all major airport in globe. People can forward your step.

    ReplyDelete
  6. Thanks! Great Blog!

    When I choose rent a car in Deira from Drivus it was a great experience for me as they cars are categorized by SUVs, Sedans, and Economy cars. To save the hassle. Visit: https://www.drivus.ae/rent-a-car-deira/

    ReplyDelete
  7. Great Blog!!

    Thank a lot for this post that was very interesting. Keep posting like those amazing posts, this is really awesome

    Looking for Rent a Car Dubai Airport, visit on: https://quickdrive.ae/rent-a-car-in-dubai-airport

    ReplyDelete
  8. Great Blog!

    if you are looking for car rental Business Bay? then try Quick Drive rent a car services in UAE. https://www.drivus.ae/rent-a-car-dubai/business-bay/

    ReplyDelete
  9. Thanks for sharing such a beautiful information,

    Get the Latest Car in Kuwait, Full Features and Specs, Best Cars Price list in Kuwait, New Car Models 2021, and Upcoming 2022 Cars.


    Thanks!!!

    ReplyDelete
  10. Thank you for sharing
    If you are looking for Luxury car rental in dubai then booked from MK rental car

    ReplyDelete
  11. Thanks for giving us useful information, if you see more check this site Everyone's favorite car Ford Focus RS Best deal under your budget.

    ReplyDelete
  12. An extraordinarily charming web journal for this kind of subject, overflowing with each kind of information. If you need to scrutinize more on these associated subjects, you can see us at up comming cars

    ReplyDelete
  13. Don Rent A Car in Dubai is specialized in providing luxury car rental dubai and Sports Car Rental, Exotic Car Rental, Convertible Car Rental. Hire Super Cars like Rolls Royce, Ferrari, Lamborghini, G63 etc. Experience Dubai in style with a luxury cars for rent . Call us today for booking! +971 50 288 0155

    ReplyDelete
  14. If you are visiting India for a trip, the possession you need apart from your passport is a rented cab that you can use to travel between two cities. Hunt for the best outstation taxi in India, and complete your bookings before fastening your seat belt and setting your feet in the country.

    ReplyDelete
  15. Experience the luxury of airports terminals all throughout the world through a range of VIP airport services presented by Airport Assist. Disregard long lines and unending security checks, with our meet and Greet services, experience the smoothest progress through pretty much every all throughout the world.


    Visit here : Airport Assistance

    ReplyDelete
  16. I want to try too! I'm in Dubai for a display of Omniyat drone. Did you ever hear of it? There was such a thing as lighting up the sky in Palm Dubai by Omniyat.

    ReplyDelete
  17. New page blog comment

    Comfort my travel, offering Luxury car rental service in these cities - LUCKNOW | KANPUR | AGRA | GORAKHPUR | VARANASI

    Luxury Cars on rent for local or outstation Wedding/ Family functions / travelling /Corporate Meetings /Events ,etc

    luxury cars on rent in vanarsi
    Hire luxury cars on rent in Agra
    luxury cars on rent in Gorakhpur
    Hire Luxury Cars in Kanpur
    Luxury Car Rental in Lucknow

    If you need more information, please contact us at +918400000090
    or
    Email us at - Info@comfortmytravel.com

    ReplyDelete
  18. Car Rental Company
    car rental company team is to ensure that our customers receive the best and most efficient vehicle rental solutions. Contact us
    Email: kingdomrentacardxb@gmail.com
    Phone: +971 50 222 8833 +971 50 489 8334
    Website: https://kingdomrentacar.com/

    ReplyDelete
  19. Luxury Cars on rent for local or outstation Wedding/ Family functions / travelling /Corporate Meetings /Events ,etc

    luxury cars on rent in vanarsi
    Hire luxury cars on rent in Agra
    luxury cars on rent in Gorakhpur
    Hire Luxury Cars in Kanpur
    Luxury Car Rental in Lucknow

    If you need more information, please contact us at +918400000090
    or
    Email us at - Info@comfortmytravel.com

    ReplyDelete
  20. Thank you for providing such a useful information. If you are looking for go somewhere, then car for rent is good option for you.

    ReplyDelete