How the UAE Leasing Industry Is Positioned?
Car leasing industry was observed to grow with a market size of AED ~ million in 2019 with a positive CAGR of ~% during 2014-2019. The leasing market in UAE is highly influenced by the number of international and national tourists along with SMEs & other industries. Leasing is done majorly by ex-pats population during their stay in UAE. UAE market is concentrated with a mix of foreign players such as Hertz, Thrifty, Europcar & local players such as emirates transport.
The Leasing companies also include Budget rent a car, Lease plan, Diamond Lease, Shift rent a car, and several others. The industry is witnessing the entry of new companies providing pay per km feature & better technological options such as Wi-Fi & GPS.
Car leasing industry was observed to grow with a market size of AED ~ million in 2019 with a positive CAGR of ~% during 2014-2019. The leasing market in UAE is highly influenced by the number of international and national tourists along with SMEs & other industries. Leasing is done majorly by ex-pats population during their stay in UAE. UAE the market is concentrated with a mix of foreign players such as Hertz, Thrifty, Europcar & local players such as emirates transport.
The Leasing companies also include Budget rent a car, Lease plan, Diamond Lease, Shift rent a car, and several others. The industry is witnessing the entry of new companies providing pay per km feature & better technological options such as Wi-Fi & GPS.
UAE Car Leasing Market Segmentation
By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai has dominated the UAE Leasing fleet with a market share of ~% during 2019. Dubai and Abu Dhabi are populations 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): An economy segment of car leasing has dominated the UAE Leasing fleet with a market share of ~% during 2019. There is high demand for economy class vehicles of brands such as Honda and Toyota that is 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): 2-year leasing duration has dominated the UAE Leasing fleet with a market share of ~% during 2019, followed by 3 years and 3+ years leasing. The majority 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 leasing dominated the UAE Leasing fleet with a market share of ~% during 2019. The growing number of SME in Emirates, Cab Taxi & car rental companies create a demand for leased vehicles in UAE
By End-User (Facility Management, Industrial sector, Food Services, Logistics, Oil & Gas and Government & Associations): Facility Management services dominated the UAE Leasing fleet with a market share of ~% during 2019 as they are commonly used for the official purpose by the facility management companies
What Is the Competition Scenario in The UAE Car Rental Market?
Competition within the UAE Car Leasing, the market was observed to be highly concentrated along with the presence of both local and global car leasing companies. 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: –
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: –
Related Reports by Ken Research: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
No comments:
Post a Comment