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UAE Rent a Car Market Analysis, 2021-26 - MarkNtel Advisors

According to MarkNtel Advisorsu2019 research report u201cUAE Rent a Car Market Analysis, 2020u201d, the UAE Rent a Car market is anticipated to grow at a CAGR of 8.9% during 2021-2026F.<br> <br>More - https://www.marknteladvisors.com/research-library/uae-rent-a-car-market.html

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UAE Rent a Car Market Analysis, 2021-26 - MarkNtel Advisors

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  1. UAERent a Car Market Analysis, 2021 marknteladvisors.com

  2. Document Outline Table of Content Market Segmentation, Scope of Work 02 Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile 11 Sample Pages UAE Rent a Car Market Analysis, 2021 18 Commercials 60 Company Profile About the company 62 Contact Details 64

  3. Market Segmentation Date of Published: Dec 2020 Number of Pages: 120+ UAE Rent a Car Market Segmentation By Type of Car By Application By Drive Type By Region By Booking Type By Company • Economy • SUV • Multi Utility Vehicle • Luxury • Leisure • Commercial • Self-Driving • Chauffeur • Abu Dhabi & Al Ain • Dubai • Northern Emirates • Offline • Online • Thrifty • Hertz • Emirates Transport • MassarSolutions • SixtRent a Car • Fast rent a car • Kayak • Europcar • Avis Rent a Car • Dollar Rent a Car • Others By Rental Duration By Usage • Short Term • Long Term • Local • Airport • Outstation

  4. Historical Year: (2016-19) Base Year: 2020 Forecast Year: (2021-26) Table of Content (1/7)

  5. Historical Year: (2016-19) Base Year: 2020 Forecast Year: (2021-26) Table of Content (2/7)

  6. Historical Year: (2016-19) Base Year: 2020 Forecast Year: (2021-26) Table of Content (3/7)

  7. Historical Year: (2016-19) Base Year: 2020 Forecast Year: (2021-26) Table of Content (4/7)

  8. Historical Year: (2016-19) Base Year: 2020 Forecast Year: (2021-26) Table of Content (5/7)

  9. Historical Year: (2016-19) Base Year: 2020 Forecast Year: (2021-26) Table of Content (6/7)

  10. Historical Year: (2016-19) Base Year: 2020 Forecast Year: (2021-26) Table of Content (7/7)

  11. UAE Rent a Car Market Outlook, 2016-2026F

  12. UAE Rent a Car Market Analysis, 2016-2026F • Figure XX: UAE Rent a CarIndustry Revenues (USD Million) & Total Cars Available for Rental, 2016- 2026F Revenue:XX% Total Cars Available for Rental:XX% Revenue: XX% Total Cars Available for Rental: XX% Source: MarkNtel Advisors, E: Estimated, F: Forecast • UAE Rent a Car market is snowballing over the last couple of years at a CAGR of around XX% during 2016-2020. The factors such as shifting consumers' preference towards rent a car over purchase and surging interest regarding drive a branded cars are encouraging the individuals to rent the cars such as SUV, luxury cars, etc. in the emirate. The growing tourism in the country, particularly in Dubai due to events such as Dubai Shopping Festival, Dubai Tennis Championship, Grand Prix, among others, is contributing to generate additional demand for cars on rent over the last couple of years. • In 2020, COVID-19 impacted the growth of UAE rent a car market owing to lockdown, which leads to halt of individuals movement and discontinued entry of tourism for the particular months in the country. Therefore, the UAE rent a car market experienced a slow growth Market at a Glance

  13. UAE Rent a Car Market, By Type of Car • Figure XX: UAE Rent a CarMarket Revenue Share (%) 2020 & 2026, & Market Revenue (Million), By Type of Car, 2016- 2026F • Market Share, By Type of Car • Market Size, By Type of Car (USD Million) Inner Circle: 2020; Outer Circle: 2026 Source: MarkNtel Advisors • Economy Cars Dominated the UAE Market • UAE rent a car market is divided by type of car into the economy, SUV, multi-utility vehicle and luxury. The economy segment accounted for the highest revenue share in the UAE market. This type of car is mainly preferred by tourists in the country. The rising expat population and car affordability for millennials are among the major factors supporting the market revenue growth of the economy segment over the past few years. • SUV and Luxury segments together is expected to grow at a maximum CAGR during the forecast years 2021-26. The reasons that driving

  14. UAE Rent a Car Market,Growth Analysis By Type of Car • Figure XX: UAE Rent a Car Market Opportunity Metrix, By Revenue By Type of Car, 2021-26 XX Growth, XX Market Share High • 1. Economy Market Share Analysis • Dubai and Abu Dhabi are the major regions driving the market share of the economy segment over the past few years. The factors that propel the segment growth are: • The availability of several players in UAE offering economy cars on rent at competitive prices. • The government's focus to mitigate oil dependency has been expanding the business environment in the country. Which, in turn, attracting more business travelers. Hence, the demand for economy cars is mounting in the country. XXX XXX Market Share (%) XXX XXX Low High CAGR 2021-2026F Source: MarkNtel Advisors,

  15. UAE Rent a Car Market, By Application • Figure XX: UAE Rent a CarMarket Revenue Share (%) 2020 & 2026, & Market Revenue (Million), By Application, 2016- 2026F • Market Share, By Application • Market Size, By Application (USD Million) Inner Circle: 2020; Outer Circle: 2026 Source: MarkNtel Advisors • Rent a Car Service is Majorly Preferred by the Individuals for Commercial Purposes in UAE • Leisure and commercial are the type of applications in the UAE rent a car market. Commercial application accounted for a maximum share of the UAE market, and its domination is expected to continue in the forthcoming years. The factors comprise the low cost of travel, the burgeoning trend regarding rent electric cars, increasing demand from local individuals are mushrooming the demand for cars on rent for commercial purposes through 2016. • Leisure application is anticipated to surge at the highest CAGR during 2021-26. SUV is the most common type of car which is preferred

  16. UAE Rent a Car Market,Growth Analysis By Application • Figure XX: UAE Rent a Car Market Opportunity Metrix, By Revenue By Application, 2021-26 XX Growth, XX Market Share High • 1. Commercial Market Share Analysis • The convenience in managing the rental car, and the simplified process of rent a car compared to purchase are generating the demand for commercial purpose. • The growing awareness about rent a car service and the availability of several types of cars at different prices is affordable for every class of individuals living in the emirate. These are other main factors supporting the market growth of the commercial segment over the past few years. • The rising number of startups in the car rental industry is increasing the number of fleets in the market. Consequently, the demand for cars on rent XXX Market Share (%) XXX Low High CAGR 2021-2026F Source: MarkNtel Advisors,

  17. UAE Rent a Car Market, By Drive Type • Figure XX: UAE Rent a CarMarket Revenue Share (%) 2020 & 2026, & Market Revenue (Million), By Drive Type, 2016- 2026F • Market Share, By Drive Type • Market Size, By Drive Type (USD Million) Inner Circle: 2020; Outer Circle: 2026 Source: MarkNtel Advisors • Self-Driving Segment Grabbed a Considerable Revenue Share • The cars are available in self-driving and chauffeur format in the UAE rent a car market. The market share of the self-driving segment is large compared to the chauffeur in the emirates. The self-driving segment also experienced the highest CAGR during 2016-2020, and the highest growth rate would continue during the forecast years 2021-26. The independence and freedom provided by self-driving cars have been generating customer demand in the country. Furthermore, the changing customer lifestyle and availability of self-driving cars at less price compared to chauffeur soaring the market share of the segment over the last couple of years.

  18. UAE Rent a Car Market, By Booking Type • Figure XX: UAE Rent a CarMarket Revenue Share (%) 2020 & 2026, & Market Revenue (Million), By Booking Type, 2016- 2026F • Market Share, By Booking Type • Market Size, By Booking Type (USD Million) Inner Circle: 2020; Outer Circle: 2026 Source: MarkNtel Advisors • Online Booking Type Dominated the UAE Market • The UAE rent a car market is bifurcated by booking type into offline and online. Online booking is gaining traction among end-users owing to rising smartphone penetration with internet connectivity in the UAE. COVID-19 has also accelerated the requirement for online booking for cars due to safe, easy to use, and convenient platform. Online platforms assist to compare prices of various types of cars easily, hence, the demand for online booking is augmenting over the last couple of years. Therefore, the online booking type has experienced a maximum revenue share and highest CAGR during 2016-2020.

  19. UAE Rent a Car Market, By Usage • Figure XX: UAE Rent a CarMarket Revenue Share (%) 2020 & 2026, & Market Revenue (Million), By Usage, 2016- 2026F • Market Share, By Usage • Market Size, By Usage (USD Million) Inner Circle: 2020; Outer Circle: 2026 Source: MarkNtel Advisors • Market Overview • The UAE rent a car market is categorized by usage into local, airport and outstation. The airport and outstation segment together accounted for a maximum share from the UAE market in 2020 and the domination would continue in the coming years. The market growth of the airport segment is driving due to majority of end-users rent a car from airport. • Most of the rent a car service provider such as Hertz, Kayak, etc., have an airport branch in UAE. The easy availability of rent a car service at airport and more preference for cars on rent by tourism from right away from the airport for traveling in the UAE is driving the growth

  20. UAE Rent a Car Market,By Competition- Competition Characteristics • TableXX: UAE Rent a CarMarket Competition Characteristics Source: MarkNtel Advisors,

  21. UAE Rent a Car Market, By Competition- Competitor’s Market Share • Figure XX: UAE Rent a Car Market Share, By Competitors, 2020 • Others (USD XXXX Million) • XXXX • XXXX • XXXX • Massar Solutions (USD XXX Million) • The company offers rent a car service on a daily, weekly, and monthly basis for corporate purposes in the country. The company use promotional strategies such as a discount, etc., to maintain a position among leading players. • Kayak (USD XXXX Million) • XXXXX • XXXXX • XXXXX • Thrifty (USD XXX Million) • XXXXX • XXXXX • XXXXX USD XX Billion • Emirates Transport (USD XXX Million) • XXXXXX • XXXXXX • XXXXXX • Hertz (USD XXX Million) • XXXXX • XXXXX • XXXXX • Source: MarkNtel Advisors Primary Surveys, Annual Reports, Press Releases

  22. UAE Rent a Car Market, By Competition Capabilities

  23. UAE Rent a Car Market Outlook, 2016-2026F

  24. UAE Rental Luxury Car Market Analysis, 2016-2026F • Figure XX: UAE Rental Luxury CarIndustry Revenues (USD Million) & Total Luxury Cars Available for Rental, 2016- 2026F Revenue:XX% Total Cars Available for Rental:XX% Revenue: XX% Total Cars Available for Rental: XX% Source: MarkNtel Advisors, E: Estimated, F: Forecast • The market share for UAE Rental Luxury car has grown over years due to rising development in UAE withman-made Islands, iconic buildings and intriguing lavish travel metropolis and infrastructure have attracted tourists around the world in UAE. Therefore, the luxury car rental market has emerged in 2016-2020. • However, with the Covid-19 Pandemic, the market growth has fallen at a striking rate owing to the ban on international flights and lockdown around the world to reduce the spread of the Coronavirus. • Moreover, with emerging technology and the adoption of 200 Tesla electric cars and conversion of 50% of the fleet into the hybrid vehicle by 2021 would improve the market demand for luxury rental cars. It is mainly to enhance the luxurious experience to the customers while Market at a Glance

  25. UAE Rental Luxury Car Market, By Application • Figure XX: UAE Rental Luxury Car Market Revenue Share (%) 2020 & 2026, & Market Revenue (Million), By Application, 2016- 2026F • Market Share, By Application • Market Size, By Application (USD Million) Inner Circle: 2020; Outer Circle: 2026 Source: MarkNtel Advisors • Introduction • The factors that are mushrooming the growth for the luxury rental car market is for emerging luxury car brands on rental service that offers various benefits to the customers such as best rental rates, insurance, extend adventure along with comfortable seats and cost-effective that helps in enhancing the traveling experience. • Moreover, various luxury brands such as BMW, Mercedes, Audi offers various new models and ranges such as sports cars, luxury SUV, Exotic cars on rents. Therefore, market growth leisure and commercial would increase in the coming years owing to an increasing range

  26. Document Outline Table of Content Market Segmentation, Scope of Work 02 Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile 11 Sample Pages UAE Rent a Car Market Analysis, 2021 18 Commercials 60 Company Profile About the company 62 Contact Details 64

  27. +1 (613) 707-5086, +91 8719999009 sales@marknteladvisors.com

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