UAE Rent a Car Market Overview:
According to MarkNtel Advisors study the UAE Rent a Car Market is projected to register around 8.9% CAGR during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the growing focus of the UAE government on the economic diversification away from the oil & gas sector, i.e., portraying massive expenditure on the tourism sector to attract tourists, pilgrims, and migrants to the country. As a result, the demand for car rental services for local commute is increasing swiftly across the country and driving the UAE Rent a Car Market.
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Scope of the UAE Rent a Car Market Report Segmentation
-By Type of Car
- Economy
- SUV
- Multi Utility Vehicle
- Luxury
-By Application
- Leisure
- Commercial
-By Drive Type
- Self-Driving
- Chauffeur
-By Booking Type
- Offline
- Online
-By Usage
- Local
- Airport
- Outstation
-By Rental Duration
- Short Term
- Long Term
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Geographical analysis:
-By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
In the UAE, the Dubai Rent a Car Market is projected to be the largest during 2023-28. It attributes principally to the city being a prominent area of attraction with a massive influx of tourists, pilgrims, migrants, and corporates, among others, i.e., making a positive influence on the demand for rental cars for local commute. Additionally, favorable policies & opportunities are attracting numerous car rental companies to establish their corporate offices in the city. Hence, these aspects are demonstrating a burgeoning demand for car rental services in Dubai while generating growth prospects for the UAE Rent a Car Market through 2028.
Current Landscape of UAE Rent a Car Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the UAE Rent a Car market. The research report profiles major players, including
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- Thrifty
- Hertz
- Emirates Transport
- Massar Solutions
- Sixt Rent a Car
- Fast rent a car
- Kayak
- Europcar
- Avis Rent a Car
- Dollar Rent a Car
- Others
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