UAE Rent a Car Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of UAE Rent a Car market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report “UAE Rent a Car Market Analysis, 2020”, the UAE Rent a Car market is anticipated to grow at a CAGR of 8.9% during 2021-2026F. 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.
Market Segmentation
Online Segment Registers Fastest Growth
Based on Booking Type, Online booking segment is anticipated to register fastest growth in the UAE rent a car market in 2020. The growth is attribute to outbreak of COVID-19 has moved the customer preference toward online booking as it is easy and convenient and launch of various car rental application, new updates in the existing application and car subscription platform by the key players Moreover, rising partnership among companies to offer reliable car rental to SMEs and customers is also expected to surge the demand for online booking in the Rent a Car market in the near future as revealed by the MarkNtel Advisors’ research report “UAE Rent a Car Market Analysis, 2020”.
Impact of COVID-19
The UAE Rent a Car market are affected primarily by the COVID-19 pandemic owing to temporary closure of various car rental branches on account of reduction in booking and restriction on movement by the government due to lockdown imposition. However, the market has gained paced and the demand for rented car is projected to upsurge at an astronomical rate in the near future.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the UAE Rent a Car market include 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 etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on UAE Rent a Car Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of UAE Rent a Car Market during 2021-2026F?
A. The UAE Rent a Car Market is forecast to grow at a CAGR of 8.9% during 2021-2026F.
Q. Who are the key competitors or players operating in UAE Rent a Car Market?
A. 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 are few of the leading players in the UAE Rent a Car Market.
Q. Which application segment would emerge as an opportunity area for players in UAE Rent a Car Market?
A. Commercial segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in UAE Rent a Car Market?
A. Dubai continue to grow at a highest CAGR, presenting immense opportunities for market players of UAE Rent a Car Market.
