CAGR for Car Rental & Leasing Market in UAE Assessed at 9% (2017–2025) by Goldstein Research
According to Goldstein Research, UAE car rental & leasing market is anticipated to expand at a CAGR of more than9% during the forecast period, 2017–2025. Car rental & leasing market is expanding in UAE on the back of hiking international tourism in the region. Although the region accounts for high car ownership, leisure & business tourists are majorly driving the market. Moreover, a large number of travelers in the region are inclining towards renting/leasing a car rather than just owning one. The high investments from the market players in the UAE region is further anticipated to propel the growth of the market in near future. Further based on rental type segmentation, chauffeur drive or taxi services segment acquired the major share in UAE car rental & leasing market i.e. 45% in 2017. Whereas, a self-driving segment is growing at the fastest CAGR of 12.4% during the forecast period (2017–2025).
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On the basis of our in-depth analysis, UAECar Rental & Leasing Market can be segmented as follows:
By Rental Type
- Chauffeur Drive
- Special Events
- Business Rental
By Services Type
- Interstate Services
- Intrastate Services
- Airport Transfers
By Vehicles Type
- Luxury Cars
- Executive Cars
- Economy Cars
- Sports Utility Vehicles
- Multi Utility Vehicles
By Mode of Booking
- Online Bookings
- App-based car rental services
- Telephonic car rental services
- Web-Based Car Rental Services
- Offline Bookings
Analysis of Car Rental & Leasing Market in UAE by Goldstein Research contains a detailed overview of the UAE car rental & leasing market. The report highlights the competitive outlook of major UAE players that includes business strategies, product portfolio, revenue distribution, financial analysis, services innovations, and investments. The in-depth analysis of car rental & leasing market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the UAE car rental & leasing market discussed in the report are: Hertz Corporation, Sixt, Avis Corporation Regency, eKAr, Careem, Strong car rental, Auto rent, Market Rent- A- Car, Al- Mulla, Fast Rent A Car, City Car, Al-Sayer, Europcar,etc.
Further, the report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. It also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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