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UAE Used Car Market Forecast and Opportunities 2026

UAE used car market was valued at USD9,590.41 million in the year 2020 and it is expected to grow in the forecast period with a CAGR of 13.99% to reach USD20,630.41 million in 2026. Click : https://bit.ly/3vLrPBd

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UAE Used Car Market Forecast and Opportunities 2026

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  1. 2016 – 2026 UAE USED CAR MARKET FORECAST AND OPPORTUNITIES Published: October 2021 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

  2. Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Customer Profile, By Age Group 4.2. Customer Profile, By Gender 4.3. Customer Profile, By Nationality 4.4. Customer Profile, By Occupation 4.5. Customer Preference, By Body Type 4.6. Average Age of Used Car Purchased 4.7. Preferred Color of Used Car Purchased 4.8. Factors Influencing Purchase Decision 4.9. Brand Selection Criteria 4.10. Aided and Unaided Brand Awareness Level 4.11. Brand Satisfaction Level 4.12. Sources of Information 4.13. Challenges/Unmet Needs 5. UAE Used Car Market Outlook, 2016-2026 Market Size & Forecast 5.1. 2 2 © TechSci Research Automotive

  3. Table of Contents Ta b l e o f C o n te n t s S. No. Contents 5.1.1. By Value & Volume 5.2. Market Share & Forecast 5.2.1. By Vehicle Type (Small Cars, Mid Cars, Luxury Cars) 5.2.2 By Fuel Type (Petrol/Gasoline, Diesel, Others) 5.2.3. By End Use (Institutional, Individual) 5.2.4. By Region 5.2.5. By Company (2020) 5.3. Market Map (By Vehicle Type and By Region) 6. UAE Mid Used Car Market Outlook, 2016-2026 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Fuel Type 6.2.2. By End Use 6.2.3. By Region 6.3. Market Map (By Fuel Type and By Region) 7. UAE Luxury Used Car Market Outlook, 2016-2026 3 3 © TechSci Research Automotive

  4. Table of Contents Ta b l e o f C o n te n t s S. No. Contents 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Fuel Type 7.2.2. By End Use 7.2.3. By Region 7.3. Market Map (By Fuel Type and By Region) 8. UAE Small Used Car Market Outlook, 2016-2026 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Fuel Type 8.2.2. By End Use 8.2.3. By Region 8.3. Market Map (By Fuel Type and By Region) 9. Market Dynamics Drivers 9.1. Challenges 9.2. 4 4 © TechSci Research Automotive

  5. Table of Contents Ta b l e o f C o n te n t s S. No. Contents 10. Market Trends and Developments 11. Product Benchmarking and Pricing Analysis 12. UAE Economic Profile 13. Impact of COVID-19 on UAE Used Car Market 14. Competitive Landscape 14.1. CarSwitch DMCC 14.2. Abdul Latif Jameel IPR Company Limited 14.3. SellAnyCar.com 14.4. YallaMotor.com 14.5. Al-Futtaim Group 14.6. Global Cars Trading FZ LLC 14.7. Dubicars International FZ-LLC 14.8. Copart Inc. 14.9. Dubizzle Motors LLC. 14.10. Sun City Motors LLC 15. Strategic Recommendations 16. About Us & Disclaimer 5 5 © TechSci Research Automotive

  6. List of Figures Figure. No. Contents Figure 1: UAE Used Car Market Size, By Value (USD Million), By Volume (Thousand Units), 2016-2026F Figure 2: UAE Used Car Market Share, By Vehicle Type, By Volume, 2016-2026F Figure 3: UAE Used Car Market Share, By Fuel Type, By Volume, 2016-2026F Figure 4: UAE Used Car Market Share, By End Use, By Volume, 2016-2026F Figure 5: UAE Used Car Market Share, By Region, By Volume, 2016-2026F Figure 6: UAE Used Car Market Share, By Company, By Volume, 2020 Figure 7: UAE Used Car Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%) Figure 8: UAE Used Car Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%) Figure 9: UAE Mid Used Car Market Size, By Value (USD Million), By Volume (Thousand Units), 2016-2026F Figure 10: UAE Mid Used Car Market Share, By Fuel Type, By Volume, 2016-2026F Figure 11: UAE Mid Used Car Market Share, By End Use, By Volume, 2016-2026F Figure 12: UAE Mid Used Car Market Share, By Region, By Volume, 2016-2026F Figure 13: UAE Mid Used Car Market Map, By Fuel Type, Market Size (Thousand Units) & Growth Rate (%) Figure 14: UAE Mid Used Car Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%) Figure 15: UAE Luxury Used Car Market Size, By Value (USD Million), By Volume (Thousand Units), 2016-2026F Figure 16: UAE Luxury Used Car Market Share, By Fuel Type, By Volume, 2016-2026F Figure 17: UAE Luxury Used Car Market Share, By End Use, By Volume, 2016-2026F Figure 18: UAE Luxury Used Car Market Share, By Region, By Volume, 2016-2026F 6 6 © TechSci Research Automotive

  7. List of Figures and Tables Figure. No. Contents Figure 19: UAE Luxury Used Car Market Map, By Fuel Type, Market Size (Thousand Units) & Growth Rate (%) Figure 20: UAE Luxury Used Car Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%) Figure 21: UAE Small Used Car Market Size, By Value (USD Million), By Volume (Thousand Units), 2016-2026F Figure 22: UAE Small Used Car Market Share, By Fuel Type, By Volume, 2016-2026F Figure 23: UAE Small Used Car Market Share, By End Use, By Volume, 2016-2026F Figure 24: UAE Small Used Car Market Share, By Region, By Volume, 2016-2026F Figure 25: UAE Small Used Car Market Map, By Fuel Type, Market Size (Thousand Units) & Growth Rate (%) Figure 26: UAE Small Used Car Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%) Table No. Contents Table 1: Product Benchmarking and Pricing Analysis of UAE Used Cars, 2021 7 7 © TechSci Research Automotive

  8. PRODUCT OVERVIEW

  9. Scope of Report Product of Interest (POI): Used Car A used car is a second-hand or pre-owned car that is not being sold in the market for the first time. Used cars are sold via different channels or sources like Customer-to-Customer (C2C), garages, franchise and independent car dealers rental services, online platforms, private party sales and OEM dealers. UAE Used Car Market Year Range BY REGION BY VEHICLE TYPE Dubai Abu Dhabi Sharjah Rest of UAE • • • • Small Cars • Mid Cars • Review Period Luxury Cars • 2016 – 2019 Base Year BY END USE Institutional Individual • • 2020 Estimated Year BY FUEL TYPE Petrol/Gasoline Diesel Others 2021 • • • Forecast Period 2022 – 2026 9 9 © TechSci Research Automotive

  10. Scope of Report Product of Interest (POI): Used Car UAE Used Car Market is Segmented into following: By Vehicle Type: UAE Used Car Market, on the basis of Vehicle Type, is segmented into Small Cars, Mid Cars and Luxury Cars. Small Cars are compact in size and are suited for small families. Toyota Vitz, Kia Rio, Mitsubishi Attrage, Suzuki Dzire, Suzuki Alto, etc., are among the most used small cars in the UAE. Mid Cars and Luxury Cars are larger in size compared to small cars and are comprised of Sedans and Sports Utility Vehicles (SUV). The majority of used car demands in the UAE comes from Sedans and SUVs. Non-compact Sedans and SUVs manufactured by companies like Toyota, Nissan, Mitsubishi, Hyundai, etc. are among Mid Cars having high demand in the UAE. Luxury Cars comprise high-end cars, including cars sold by BMW, high-end cars of Toyota, Mercedes-Benz, etc. By Fuel Type: UAE Used Car Market on the basis of fuel type is segmented into Petrol/Gasoline, Diesel, and Others. The petrol segment includes passenger cars which are propelled by petroleum. The diesel segment includes passenger cars which are driven by diesel oil and the others segment includes passenger cars driven by alternate fuels like CNG, electricity, fuel cell, etc. By End Use: Based on End Use, the UAE Used Car Market is segmented into Institutional and Individual sales. Used cars which are owned by Institutions like cab services, offices, etc. come under the institutional segment, whereas the individual segment refers to the cars sold for personal use to an individual. 10 10 © TechSci Research Automotive

  11. RESEARCH METHODOLOGY

  12. Research Methodology Data Developing List of Respondents Formulating Questionnaire Data Market Profiling Data Analysis Collection Validation In-depth secondary research was conducted to determine top players in UAE Used Car Market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about UAE Used Car Market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 12 12 © TechSci Research Automotive

  13. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of UAE used car market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as the availability of passenger cars and the growing demand of used cars. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the UAE used car market. Methodology Followed for Calculation of Market Size: Market Size by Value and Volume: Market size, in terms of value and volume, for the year 2020 was calculated based on • information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as used car dealers, & end users, industry experts, and other industry participants. The team interviewed more than 10–12 UAE used car market players, 300 end users, and 15–20 industry experts and other • value chain stakeholders in the UAE used car market to obtain the overall market size from 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data from 2016-2020. Respondents were asked about the current and future market growth rates, market shares by vehicle type, by end use, by fuel • type, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. 13 13 © TechSci Research Automotive

  14. Research Methodology Methodology Followed for Calculation of Market Shares: Market shares by vehicle type, by end use, by fuel type, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various UAE used car market players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey • results in SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast • UAE used car market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 14 14 © TechSci Research Automotive

  15. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources CarSwitch DMCC World Bank ▪ ▪ Dubicars International FZ-LLC TechSci Research Proprietary Database & Knowledge ▪ ▪ Copart Inc. Repository ▪ Dubizzle Motors LLC. Company Annual Reports ▪ ▪ Sun City Motors LLC Industry Magazines ▪ ▪ Abdul Latif Jameel IPR Company Limited Industry Reports ▪ ▪ SellAnyCar.Com News Dailies ▪ ▪ YallaMotor.com Credible Paid Databases ▪ ▪ Al Futtaim Group ▪ Global Cars Trading FZ-LLC ▪ 15 15 © TechSci Research Automotive

  16. Industry Brief Lower price of used car and cheap fuel price in the country to drive the demand for UAE used car market for the forecast period. According to TechSci Research report, “UAE Used Car Market - By Region, By Company Forecast & Opportunities, 2026”, UAE used car market was valued at over USD9590 million in 2020 and is forecast to grow at a CAGR of 13% to reach USD20630 million by 2026. Increasing average age of vehicles and lower prices of used cars are propelling the growth of the market. Companies like Copart Inc., Dubizzle Motors LLC, Al-Futtaim Group, etc., have launched digital platforms for buying and selling used cars as well as provide servicing and warranty facilities along with easy, instant and paperless loan experience to their customers. This enables the potential buyers to simply enquire about their required car over the website in a few clicks, post which the dealer can check the buyer’s eligibility and generate transactions with minimum hustle. The online platform also allows the users to browse through multiple car models and compare different parameters like age of the car, price, color, etc., before arriving at a purchase decision. Another factor for the increasing demand for used cars is its growing demand from shared mobility companies. One of the major drivers for the UAE used car market is the rising demand for second-hand cars from shared mobility companies. Shared mobility services like ride-hailing, ride-sharing, car sharing, car rental, etc., are becoming increasingly popular among the UAE citizens as well as the tourist population because of the inherent convenience it provides. This makes it essential for fleet owners to develop a comprehensive fleet of cars for shared mobility purposes to meet user demand. In doing so, most of these fleet owners opt for second-hand cars instead of purchasing new cars as they are comparatively low priced. Thus, the growth of shared mobility services in the UAE is projected to significantly propel the market demand for used cars through the forecast period. UAE used car market is segmented into vehicle, end use, region, and company. Based on vehicle type, market can be divided into small cars, mid cars & luxury cars. The luxury car segment accounted for a market share of 28.64%, in volume terms, in 2020. Luxury cars comprise high-end sedans and high-profile sports utility vehicles (SUVs). High-end sedans are anticipated to aid the growth of the country’s used passenger car market over the course of the next five years due to higher status symbol, comfort, more passenger-carrying capacity, and easier finance options available. Moreover, the segment is also expected to hold a significant share in terms of value as these cars are much highly priced. Leading players operating in the UAE used car market include CarSwitch DMCC, Abdul Latif Jameel IPR Company Limited, SellAnyCar.com, YallaMotor.com, Al-Futtaim Group, Global Cars Trading FZ LLC, Dubicars International FZ-LLC, Copart Inc., Dubizzle Motors LLC, Sun City Motors LLC, Al-Futtaim Group is the leading player in the UAE used car market accounting for a market share of 10.45% in 2020 in terms of total used cars sold. The company has a robust portfolio of used cars including major automobile brands like Toyota, Nissan, Hyundai, Mitsubishi, Renault, Lexus, Mazda, Honda, etc. The company also has a strong dealer/distributor network ranging across various regions in the country, which further allows it to enjoy competitive edge over other companies. “Dubai works as a gateway for used car market in the UAE. In 2020, the region accounted for a major share of 47.14% in terms of units sold. Majority of the used car market in the UAE is import driven. Since the region has best-in-class port facilities like the Jebel Ali, Port Rashid and Al Hamriya, it is able to maintain efficient supply chain relationship with the world for the import of used passenger cars in the UAE. Moreover, the increasing operations of shared mobility companies like Uber Technologies, Inc., Didi Chuxing Technology Co., Lyft, Inc., Ekar, etc. have generated higher demand for used cars in the country, as they offer cost benefits to the fleet owners.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 16 16 © TechSci Research Automotive

  17. Sample Data - Snapshot UAE Used Car Market Size, By Value (USD Million), By Volume (Thousand Units), 2016-2026F CAGR 2021E-2026F By Value: xx% By Volume: xx% CAGR 2016-2020 By Value: xx% By Volume: xx% 25,000.00 1,200.00 1,000.00 20,000.00 800.00 15,000.00 600.00 10,000.00 400.00 5,000.00 200.00 0.00 0.00 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Million) UAE Used Car Market Share, By Vehicle Type, By Volume, 2016-2026F Volume (Thousand Units) 2016 30.00% 50.00% 20.00% 2017 30.00% 50.00% 20.00% 2018 30.00% 50.00% 20.00% 2019 30.00% 50.00% 20.00% 2020 30.00% 50.00% 20.00% 2021E 30.00% 50.00% 20.00% 2022F 30.00% 50.00% 20.00% 2023F 30.00% 50.00% 20.00% 2024F 30.00% 50.00% 20.00% 2025F 30.00% 50.00% 20.00% 2026F 30.00% 50.00% 20.00% Mid Cars Luxury Cars Small Cars UAE Mid Used Car Market Share, By Region, By Volume, 2016-2026F 2016 10.00% 20.00% 30.00% 40.00% 2017 10.00% 20.00% 30.00% 40.00% 2018 10.00% 20.00% 30.00% 40.00% 2019 10.00% 20.00% 30.00% 40.00% 2020 10.00% 20.00% 30.00% 40.00% 2021E 10.00% 20.00% 30.00% 40.00% 2022F 10.00% 20.00% 30.00% 40.00% 2023F 10.00% 20.00% 30.00% 40.00% 2024F 10.00% 20.00% 30.00% 40.00% 2025F 10.00% 20.00% 30.00% 40.00% 2026F 10.00% 20.00% 30.00% 40.00% Dubai Sharjah Abu Dhabi Others* 17 17 © TechSci Research Automotive

  18. Report Ordering Report Name: UAE USED CAR MARKET FORECAST AND OPPORTUNITIES 2016 – 2026 License Type Single User License Price $3500 Multi-User License Custom Research License $4500 $7500 To View Sample OR Purchase Report 18 18 © TechSci Research Automotive

  19. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports MENA Used Car Market, By Vehicle Type (Small Cars, Mid Cars and Luxury Cars), By End Use (Institutional Vs Individual), By Fuel Type (Petrol/Gasoline, Diesel and Others), By Country, Competition Forecast & Opportunities, 2016-2026F • India Used Car Market, By Vehicle Type (Hatchbacks, Sedans, SUV/MPV), By Sector (Organized Vs. Semi-Organized /Unorganized), By Sales Channel (Dealerships /Broker Vs. C2C), By Fuel Type (Petrol, Diesel & CNG), By Region (South, West, North, East), Competition Forecast & Opportunities, FY2027 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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