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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

Region:Middle East

Author(s):Gagan Bajpai, Aarsh Gugliani and Monika Singh

Product Code:KR978

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Published On

April 2020

Total pages

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About the Report

Click On the Latest Report of UAE Car Rental, Leasing and Limousine Market Outlook to 2025

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 the UAE. The report focuses on market segmentation in terms of fleet Size for Rental companies, By Type of Emirates (Dubai, Abu Dhabi, Sharjah and others), Type of Cars (Economy, SUV, and Luxury), By End users (Individual and Corporate), By Duration (0-1 Month, 1-6 Month and 6-12 month) and By Number of Airport Bookings (Airport and Off-Airport). The report focuses on market segmentation in terms of Revenue and Fleet size for Leasing companies, By Type of Emirates (Dubai, Abu Dhabi, Sharjah and others), By Type of Cars (Economy, Pick Ups, SUV, and Luxury), By Duration (1 Year, 2 Year, 3 year ad 3+ Years), By Type of Car Leased (Individual and corporate), By End User (Facility Management, Industrial Sector, Food Services, Logistics, Oil and Gas, Government & Associations and others). The report focuses on market segmentation in terms of Revenue and Fleet size for Limousine companies, By Type of Emirates (Dubai, Abu Dhabi, Sharjah, and others), By Number of Airport Bookings (Airport and Off-Airport), By Type 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, Sharjah and others), By Purpose (Cab and Non-Cab Companies) and By Type of limousine (Leisure and Corporate).The report also covers the overall comparative landscape, trends and growth drivers, issues and challenge and government regulations. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.

UAE Car Rental, Leasing and Limousine Market

Market Overview and Size: The UAE Car Rental, Leasing and Limousine Market were observed to grow with a stable growth pattern in the review period 2014-2019 whereas the market witnessed a downfall in the year 2020 owing to the COVID impact. Factors such as government’s sustainability initiatives, rising growth of tourists footfall, growing SME industry and others have helped the UAE Car Rental, Leasing and Limousine market to grow in terms of revenue.

Market Segmentation of Car Rental Market

By Emirates (Dubai, Abu Dhabi, Sharjah and others): 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 Type of Cars (Economy, SUV, and Luxury): Economy segment in the car rental market was observed to dominate the market. Rental companies focus on decreasing operational cost and prefer having a 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. Higher number of tourist visiting the Emirates contributes to the higher demand for car rental services in the UAE.

By Duration (0-1 Month, 1-6 Month and 6-12 month): Rental services are generally for a very short duration and less than a month as these are generally hired by the tourist who are there in the country for 10-15 days. The UAE was witnessed to have a higher demand for the car rental service for duration of 0-1 month.

By Number of Airport Bookings (Airport and Off-Airport): Car rental market was observed to be dominated by the on-airport booking as car rental booking right away from Airport provides more accessibility and comfort to the tourists and Corporate Clients for travelling in the UAE.

Market Segmentation of Car Leasing Market

By Type of Emirates (Dubai, Abu Dhabi, Sharjah and others): 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 leasing vehicles.

By Type of Cars (Economy, Pick Ups, SUV, and Luxury): Economy class vehicles of brands such as Honda and Toyota was 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 the UAE owing to the large number of expats in the country and the rising development in the non-oil sectors resulting in an increased demand for the car leasing services.

By End User (Facility Management, Industrial Sector, Food Services, Logistics, Oil & Gas, Government & Associations and others): Car leasing is most common in facility management companies and Industrial companies. The leased vehicles are generally used for the commute of their employees and clients.

Market Segmentation of Limousine Car Market

By Type of Emirates (Dubai, Abu Dhabi, Sharjah and others): Dubai and Abu Dhabi are the commercial hub of the UAE with the arrival of large number of tourist and business traveler leading to a high demand of Limousine services.

By Number of Airport Bookings (Airport and Off-Airport): Limousine cars are booked from airport as well as off-Airport locations. Airport bookings are done majorly by tourist 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 in the UAE.

By Source of Payment (Direct from customers and corporate payments): Limousine services are hired via website and 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 wedding, parties, events and other occasions in the UAE.

By Number of Limousine companies in Emirates (Dubai, Abu Dhabi, Sharjah and others): Dubai and Abu Dhabi are population dense Emirates with the uppermost limousine cars demand followed by Sharjah. Dubai and Abu Dhabi has the highest concentration of number of limousine companies to cater that demand.

By Purpose (Cab and Non-Cab Companies): Limousine services majorly drive its revenue from Cab companies in the UAE as they are majorly preferred by the tourists and the business travelers.

By Types of limousine (Leisure and Corporate): Limousine car services are considered as a luxury service and are hired majorly for leisure purposes including short travels by the UAE population or the tourist visiting the Emirates.

Competitive Landscape

Competition within the UAE Car Rental, Leasing and Limousine market was observed to be highly concentrated along with the presence of both local and global car rental, leasing and limousine companies. The major companies in the Car Rental and Leasing industry in the 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, Partners, Key services, Vintage and other factors.

Future Outlook and Projections

The UAE Car Rental, Leasing and Limousine market in anticipated to grow with a positive growth rate with new entrants’ business growth. The 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. The upcoming events such as the EXPO 2020 to contribute to the growth of the rental and limousine car service market.

Key Topics Covered in the Report

Socio, Demographic and Economic Outlook
Overview of the UAE Car Rental, Leasing and Limousine Industry
Government Regulations, Initiatives and Procedure to Start Car Rental & Leasing Business
Car Rental Market Overview
Car Rental Market Size
Car Rental Market Segmentation
Future Outlook of the UAE Car Rental Market, 2019-2024F
Car Leasing Market Overview
Car Leasing Market Size
Car Leasing Market Segmentation
Competition in Car Rental and Leasing Market
Company Profiles of Car Rental and Leasing Companies
Future Outlook of the UAE Car Leasing Market, 2019-2024F
Limousine Car Market Overview
Limousine Car Market Segmentation
Competition in Limousine Car Service Market
Future Outlook of the UAE Limousine Car Market, 2019-2024F
Industry Analysis
Analyst Recommendations
Snapshot of the UAE Cab Aggregator Market
Snapshot of the UAE Taxi Market
Appendix

Products

Key Target Audience

Car Rental companies
Car Leasing companies
Limousine Companies
Tourism Industries
Tour and Travel Aggregator
Automobile companies
Cab taxi companies
Cab Aggregators
Technology Provides
Investors and Venture Capitalist
Government Associations

Time Period Captured in the Report:

Historical Period - 2014-2019
Forecast Period – 2020-2024F

Companies

Key Segments Covered For Car Rental

Key Segments Covered For Limousine Car

By Emirates:

Dubai
Abu Dhabi
Sharjah
Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Limousine companies by Emirates:

Dubai
Abu Dhabi
Sharjah
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

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

1.Socio, Demographic and Economic Outlook

Socio Demographic outlook in the UAE (UAE’s Population, Expats population and household income)
Economic Outlook in the UAE

2.Overview of the UAE Car Rental, Leasing and Limousine Industry

Total B2C Addressable Demand for the UAE Car Rental and Limousine Market in the UAE
Target B2B Market for Leasing Services in the UAE
Ecosystem in the UAE Car Rental, Leasing and Limousine Market

3.Government Regulations, Initiatives and Procedure to Start Car Rental & Leasing Business

Procedure for Incorporating a Car Rental, Leasing or Limousine Business in the UAE
Government Rules and Regulations
Government Initiatives

4.Car Rental Market Overview

Executive Summary - How is the Car Rental Industry Positioned in the UAE?
The UAE Car Rental Market in a Nutshell
Genesis & Overview of the UAE Car Rental Industry
Timeline of Companies in the UAE Car Rental and Leasing Market
The UAE Car Rental and Leasing Industry Ecosystem (SFO, MFO and LFO for rental and leasing market in the UAE)

5.Car Rental Market Size

The UAE Car Rental Market Overview and Size by Revenues and Fleet Size, 2014-2019
Operating Model- Car Rental Company
Cost Component Analysis of Car Rental Industry in the UAE

6.Car Rental Market Segmentation

High Penetration of Car Rental Companies in Dubai (Cross comparison on the basis of Population, No. of People Employed, Average Salary, Major Airports, Major Tourist Spots)
Economy Vehicles Subjugating the UAE Car Rental Market
Short Rental Duration preference in the UAE Car Rental Market
Car Rental Booking Majorly On-Airport
Dominating Individual End Users in the UAE Car Rental Market (Cross Comparison on the basis of Daily charges, Major Brands, Mileage, GPS/Navigation Charges, Additional Driver Fee, Size, Mode of Booking)

7.Future Outlook of the UAE Car Rental Market, 2019-2024F

The UAE Car Rental Market Overview and Size by Revenues and Fleet Size, 2019-2024F
Emergence of New Car Rental Companies in Dubai
Luxury Cars to push the Car Rental Industry

8.Car leasing Market Overview

Executive Summary - How is the car leasing Industry positioned in the UAE?
The UAE leasing Market in a Nutshell
Genesis & Overview of the UAE Car Leasing Industry

9.Car Leasing Market Size

The UAE Car Leasing Market Overview and Size, 2014-2019
Operating Model- Car Leasing Company
Revenue Streams in Car Rental and Leasing Industry
Cost Component Analysis of Car Leasing Industry in the UAE

10.Car Leasing Market Segmentation

Robustly Positioned Car Leasing Companies in Dubai
High Dominance of Economy Cars in the UAE Car Leasing Industry (Cross Comparison on the basis of Engine size, seating capacity, Major brands, price per month and end users)
The UAE Car Leasing Industry Dominated by Corporate Clients
Facility Management a Potential End user for Car Leasing Industry (Cross Comparison on the basis of No. of entities, Wage Distribution, Contribution to GDP & Major companies)
End User Analysis- Facility Management Sector
End User Analysis- Logistics Sector
End User Analysis- Oil & Gas Sector
End User Analysis- Food Services Industry
End User Analysis- Construction Industry
Factors Determining Selection of Leasing Vendors

11.Competition in Car Rental & Leasing Market

Competition Scenario in the UAE Car Rental & Leasing Market
Strength and Weakness of the UAE Car Rental & Leasing Companies (Emirates Transport, Thrifty Car Rental, Hertz UAE, Diamond Lease, Massar Solutions, Shift Car Rental, National Car Rental, Budget Rent a Car, Leaseplan, Europcar)
Heat Map of the UAE Car Rental & Leasing Companies (Emirate Transport, Thrifty, Hertz, Shift Car Rental, National car rental, Budget Rent a Car, Leaseplan, Europcar, Avis, Dollar car rental, Fast Rent a car, Autorent, Paramount leasing & car rental, Eurostar, Sixt Rent a Car)
Cross Comparison of car rental & leasing companies (On the basis of Vintage, Major Locations, Local Partners, Key Services, Major Clients, Car Brands in Service, Fleet size, Market share and Replacement size)

12.Company Profiles of Car Rental and Leasing companies

Emirates Transport (Company overview, Service Portfolio, USP, Strength, Weakness, Recent Development, Future Strategies, Company Financials)
National Car Rental (Company overview, Office locations, Service Portfolio, Airport Locations, USP, Marketing Strategy, Strength, Weakness, Recent Development, Future Strategy Outlook)
Budget Rent a Car (Company overview, Office locations, Service Portfolio, Airport Locations, Fleet by segment, USP, Strength, Weakness, Car rental revenue by location)
Leaseplan (Company overview, Service Portfolio, USP, Strength, Weakness, Recent Development, Future Strategy Outlook, Company Financials)
Europcar (Company overview, Airport Locations, Service Portfolio, Marketing Strategy, USP, Strength, Weakness, Recent Development, Future Strategy, Company financials)
Thrifty Car Rental (Company overview, Office locations, Service Portfolio, USP, Marketing Strategy, Strength, Weakness, Recent Development, Future Strategies, Revenue)
Hertz UAE (Company overview, Office Location, Airport Location, Service Portfolio, USP, Marketing Strategy, Strength, Weakness, Recent Development, Future Strategies)
Diamond Lease (Company overview, Office Locations, Service Portfolio, Fleet by Segment, USP, Insurance offers, Strength, Weakness, Recent Development)
Massar Solutions (Company overview, Service Portfolio, Office Locations, USP, Fleet by Segment, Strength, Weakness, Recent Development, Future Business Strategies)
Shift Car Rental (Company overview, Office Locations, Service Portfolio, Fleet segments, USP, Strength, Weakness, Recent Development, and Future Strategies)

13.Future Outlook of the UAE Car Leasing Market, 2019-2024F

Compelling Future outlook of the UAE Car Leasing Market, 2019-2024F
Corporate Clients to Continue Dominate the Car Leasing Industry
Facility Management the Potential End User of Car Leasing Industry

14.Limousine Market Overview

Executive Summary - How is the Limousine Service Industry Positioned in the UAE?
Limousine Market in a Nut Shell
Genesis & Overview of the UAE Limousine Industry
Timeline of Companies in the UAE Limousine Market
Operating Model- Limousine Car Company

15.The UAE Limousine Car Market Segmentation

Dubai Dominating Limousine Industry in the UAE(Cross Comparison on the basis of Population, No. of Tourist, No. of Limousine companies & Major Airports)
Augmenting Demand for Luxury Limousine Cars in the UAE
Inflating demand for the Limousine services by Cab Companies

16.Competition in Limousine Car Service Market

Strength and Weakness of Limousine companies in the UAE
Cross Comparison of Major Limousines companies (On the basis of registered locations, Type of entity, Major car brands, Fleet size, Market share, mode of booking & major clients)

17.Future Outlook of the UAE Limousine Market, 2019-2024F

Compelling Future outlook of the UAE Car Limousine Market
Surging Leisure Limousine booking by Cab Companies in Dubai

18.Industry Analysis

SWOT Analysis of Car Rental, Leasing and Limousine Industry
Challenges in the UAE Car Rental, Leasing and Limousine Market
Trend and Developments in the UAE Car Rental, Leasing and Limousine Industry

19.Analyst Recommendations

Analyst Recommendations
School Transportation Snapshot
Case Study: Payperkay
Case Study: UDrive

20.Snapshot of Cab Aggregator Market

Overview of Cab Aggregator Industry
Snapshot of the UAE cab Aggregator Market (Including Operating Model, Major Companies, Future Outlook and others)
The UAE cab Aggregator Market Segmentation
Cab Aggregator Operating Model

21.Snapshot UAE Taxi Market

UAE Taxi Market Overview
Timeline of Companies in the UAE Taxi Industry
The UAE Taxi Industry Scenario (Segmentation on the basis of Type of taxi)
Competition in the UAE Taxi Industry (On the basis of No. of Passengers, No. of Trips & Fleet Size)

22.Appendix

Research Methodology

23.Disclaimer

24.Contact Us

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