The UAE Rent a Car Market is projected to grow by around 8.9% CAGR during the forecast period, i.e., 2021-26, cites a recent research study conducted by MarkNtel Advisors. The key highlights of the research report include the industry growth drivers, restraints, opportunities, trends, & extensive insights into the market dynamics amidst the Covid-19 crisis. Besides, a thorough analysis of the UAE Rent a Car Market across various segments, countries, and leading competitors has also been added to the study.
The study provides a predictable market size for 2021 based on demand and price analysis. The report forecasts the UAE Rent a Car market size to 2026 in both the short and long term. The COVID-19 pandemic has had an unfavorable influence on various markets, where small and medium-sized firms are struggling to stay afloat in the short term.
Dubai and Abu Dhabi are the leading cities in the car rental industry due to strong presence of giant market player. The rising inclination of drivers toward opting to rent a car rather than purchase, burgeoning demand for rented luxury cars among tourist and corporate coupled with host of events such as Dubai Tennis Championship, Dubai Shopping Festival, and Grand Prix are some of the major factor projected to attract a huge visitor’s population which would further escalate the demand for rental car market over the forecast period.
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Key points covered in the report:
- UAE Rent a Car Market dynamics, market size, trend analysis, leading market players, opportunities, recent developments.
-Economy synopsis and forecast analysis for 2021-2026.
-The research on UAE Rent a Car Industry includes a detailed analysis of the key market participants.
-Market strategies that are increasingly being used by prominent UAE Rent a Car Companies.
-Assessment of market factors including market growth drivers, significant challengers, inhibitors, and opportunities.
-Strategic profiling of key market players and thorough evaluation of their growth tactics.
-PESTEL Analysis, Porter’s Five Forces Model, Competitors Analysis, Value Chain Analysis, Recommendations and Price Analysis.
The study is beneficial for industry stakeholders in justifying numerous key questions, such as which market segments should be targeted, marketing strategies to be applied, revenue generation techniques, in order to strategize investments and take advantage of market growth.
Key Companies & Market Share Insights:
Owing to the vast number of major and small-scale manufacturers, the market is extremely concentrated and competitive. Major corporations pursue numerous marketing tactics, such as geographic expansion, in order to boost sales and capitalize on new businesses and markets for new and existing products/services. Major industry players are: Thrifty, Hertz, Emirates Transport, Massar Solutions, Sixt Rent a Car, Fast rent a car, Kayak, Europcar, Avis Rent a Car, Dollar Rent a Car
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Market Segmentation includes:
The UAE Rent a Car Market is categorized. This section brings the segmentation statistics and provides insights regarding growing and dominating segments. The data has been represented using charts and graphs to make it reader friendly.
Market Segment, By Type of Car
Economy
SUV
Multi Utility Vehicle
Luxury
Market Segment, By Application
Leisure
Commercial
Market Segment, By Drive Type
Self-Driving
Chauffeur
Market Segment, By Booking Type
Offline
Online
Market Segment, By Usage
Local
Airport
Outstation
Market Segment, By Rental Duration
Short Term
Long Term
Market Segment, By Region
Dubai
Abu Dhabi & Al Ain
Sharjah & Northern Emirates
Lucrative Opportunities:
The study outlines all of the issues that are being faced by UAE Rent a Car Market. This enables the reader to gain a better understanding of the market and grab the lucrative opportunities. The analysts conducted a thorough examination of the current market scenario while concentrating on new business objectives. A comprehensive evaluation of evolving stakeholders’ needs and the entire environment study is included.
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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.
We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.
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