openPR Logo
Press release

UAE Car Rental & Leasing Market Is Anticipated To Become AED 4 Bn Market By 2024 Owing To Favorable Government Policies Such As Smart Dubai & Rising Investment Rate. Will The Projections Justify The Growth Rate? Ken Research

05-15-2023 12:02 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt .Ltd

UAE Car Rental & Leasing Market Is Anticipated To Become AED 4 Bn

Entry of new players & a developing startup infrastructure is expected to showcase a robust growth making the market grow at a CAGR of 9% by 2024, says a report by Ken Research

1. The UAE Government is focusing on improving the car rental & purchase infrastructure via several policies & promoting the use of clean technology.

To Know about Recent Trends in UAE Car Rental & Leasing Market, click on:- https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/uae-car-rental-leasing-and-limousine-market-outlook/335273-100.html

The government is currently focusing on making the ecosystem faster & smarter via the introduction of various initiatives such as, 'Smart Dubai 2021', the objective of which is to pioneer smart innovative mobility solutions for a seamless and safe transportation experience in the emirate. Electric Charging stations would be set up to boost the use of environment-friendly cars. Moreover, smart parking system would tell drivers the availability and location of parking spaces. A few other initiatives include, 'Ghadan 21' & 'Energy Strategy 2050.'

2. "Investment scenario getting a boost:' UAE's Car Rental & Leasing Market is getting massive investment boost & emergence of new startups

To Know More about this report, download a Free Sample Report https://www.kenresearch.com/sample-report.php?Frmdetails=MzM1Mjcz

Various companies operating in the UAE Car Rental & Leasing market are getting massive investment influx owing to government regulations & the infrastructure development. For instance, Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 Mn in its Series A funding led by MEVP as it works to scale its car rental service in the region while also updating the services they're offering to customers. Other such examples include Kyte which was able to raise over $10 Mn in investment. All in all, the market is currently growing at a robust rate with startups & companies updating their operating policies & services being offered to customers.

3. UAE Car Rental Market to witness a robust growth owing to favorable government policies & rising investment in the sector.

Visit This link:- Request for Custom Report @ https://www.kenresearch.com/ask-customization.php?Frmdetails=MzM1Mjcz

The UAE Car Rental Market is expected to showcase a robust growth in the upcoming years, growing at a CAGR of 9%. The rising growth rate can be attributed to favorable government policies & improving investment rate. Moreover, events like Dubai Expo will forecast the highest growth in rental services as 25 Mn visitor's footfall is expected to visit the UAE. Mobile based rental services, GPS technology, Online booking, Online payment will help the rental services to grow. Cab aggregators will soon be covering more than 60 % of rental services booking while Individual rental booking is expected to increase primarily from Airport.

For more insights on the market intelligence, refer to the link below:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/uae-car-rental-leasing-and-limousine-market-outlook/335273-100.html

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release UAE Car Rental & Leasing Market Is Anticipated To Become AED 4 Bn Market By 2024 Owing To Favorable Government Policies Such As Smart Dubai & Rising Investment Rate. Will The Projections Justify The Growth Rate? Ken Research here

News-ID: 3053317 • Views:

More Releases from Ken Research Pvt .Ltd

Ken Research Stated UAE Lubricants Market to Reached USD 1 Billion
Ken Research Stated UAE Lubricants Market to Reached USD 1 Billion
Comprehensive market analysis maps demand pockets, re-export corridors, and strategic imperatives across automotive, industrial, and marine end-use in the UAE's lubricant ecosystem. Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "UAE Lubricants Market Outlook to 2030," revealing that the current market size is valued at USD 1 billion, based on a five-year historical analysis. The comprehensive analysis details how the market is expected to
India Apparel Market Crosses USD 68 Billion Milestone - Latest Insights by Ken Research
India Apparel Market Crosses USD 68 Billion Milestone - Latest Insights by Ken R …
Comprehensive market analysis maps consumer evolution, retail transformation, and policy-led competitiveness shaping India's apparel ecosystem. Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "India Apparel Market Outlook to 2030," revealing that the current market size is valued at USD 68 billion, based on a five-year historical analysis. The detailed analysis outlines how the market is poised to expand, driven by rising disposable incomes, rapid
Philippines E-commerce Logistics Market - Ken Research Stated the Sector is Valued at USD 1700 million with Strong Growth Potential
Philippines E-commerce Logistics Market - Ken Research Stated the Sector is Valu …
Comprehensive market analysis maps exponential growth trajectory, investment opportunities, and strategic imperatives for industry leaders in the Philippines' rapidly evolving e-commerce logistics ecosystem. Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "Philippines E-commerce Logistics Market Outlook to 2028," revealing that the current market size is valued at over USD 1700 million, based on a five-year historical analysis. The comprehensive analysis details how the market
Budaun & Pilibhit Oncology Market - Ken Research Stated the Sector is Recorded at 8,870 Cases with Strong Growth Potential
Budaun & Pilibhit Oncology Market - Ken Research Stated the Sector is Recorded a …
Comprehensive analysis charts rising incidence, capacity build-out, and investment pathways across two high-potential Uttar Pradesh districts. Delhi, India - October 3, 2025 - Ken Research released its strategic market analysis titled "Budaun & Pilibhit Oncology Market Outlook to 2029," revealing that the current market size is recorded at 8,870 cases, based on a five-year historical analysis. The comprehensive analysis details how the market is expected to expand, driven by rising cancer

All 5 Releases


More Releases for UAE

Ashish Jain, a Renowned Fund Manager Expands into UAE Real Estate in UAE
Dubai - Ashish Jain, a world-renowned fund manager and CEO of Fortune Capital, Fortune Wealth, and the newly launched Alieus Hedge Fund, is stepping into the UAE real estate market as part of his latest strategic expansion. This move marks Jain's entry into the thriving property market, further cementing his reputation as a leader in global finance and innovation. Image: https://www.getnews.info/uploads/9b42e4a62bfaef7aaf02043c03240d75.jpg A Visionary Leader in Finance With over 15 years of experience in
Fitness Equipment Market UAE | UAE Fitness Market Revenue | Member Penetration U …
The fitness services means any service treatment, diagnosis, advice or instruction concerning to the physical fitness, comprising but not restricted to diet, body building, cardio-vascular fitness, or physical training programs and which you function as or on behalf of the named insured. The fitness services market is commonly propelled by the increasing concerns over the healthy lifestyles around the populace throughout the UAE. Growing health awareness concerning the advantages of
UAE Fitness Services Market, UAE Fitness Services Industry, Covid-19 Impact UAE …
A strong growth has been witnessed with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy. High Obese and Obesity Rate: Increase in membership rate in UAE fitness centers due to the prevalence of high obese population and obesity rate (Adult obesity in the UAE stood at 27.8% in 2019) has positively affected the market. Growth of Ladies Fitness Center: Opening up
wifi solution in uae
Welcome to MAK, Wifi solutions provider in UAE. We bring everything that you would expect from an internet service provider – a highly professional installation and setup, high internet speed, a reliable network, great technical support and customer service to create a remarkable experience for the users, thereby remaining the most trusted WiFi Solutions provider in Dubai and across UAE. Designing Efficient and Cost Effective Home Wifi Networks Keep the connections to
UAE Nuclear Power Sector UAE Nuclear Power Sales Report
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents 1. UAE Power Sector Scenario 1.1 Existing Power Generation Outlook 1.2 Current & Projected Power Demand 2. Why UAE Energy Policy beyond Oil & Gas? 3. UAE Nuclear Power Sector Overview 3.1 UAE Entering into Nuclear Power Sector 3.2 Nuclear Policy Overview 4. UAE Nuclear Power Sector Dynamics 4.1 Favorable Parameters 4.2 Nuclear Power Sector
UAE Power Sector Analysis
UAE is a rapidly growing economy whose electricity sector needs are anticipated to increase upto 50% in order to meet its growing demand for power, by the year 2020. UAE also has one of the highest levels of per capita power consumption across the globe. The electricity consumption in the UAE region is slated to cross 100 TWh by 2012, putting pressure on the supply side. In fact, the power