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
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