openPR Logo
Press release

UAE car rental and leasing industry is expected to flourish with a revenue of more than AED 3 Bn by 2025- will the development of business environment help the market to achieve its targeted growth?

05-29-2023 11:02 AM CET | Logistics & Transport

Press release from: Ken Research

UAE car rental and leasing industry is expected to flourish with

Entry of new domestic and global companies in the car leasing space to lead the growth of fleet size to meet the rising demand of the customers, as per a report by Ken Research

1. The UAE Car Rental and Leasing Industry is a highly unorganized industry that is home to several car rental and leasing companies- 60-70% are Small Fleet Operators.

Other Challenges in UAE Car Rental And Leasing Market:

• 100+ players with majority of the players around Dubai, Abu Dhabi, Sharjah and Fujariah.
• Includes companies such as Butterfly rental, 111 Rent a Car LLC, 24*7 Car Rental.
• Prefer non commercial locations for opening up rental space to cater especially to local demand.
• Has majorly On spot booking option only.
• Strong competition from aggregator based platforms which have been expanding rapidly. Customers are directly able to compare price of the SFOs with that of players on aggregators' portals, resulting in lower translation into sales.

2. Operating model of car rental companies in UAE- Cars are being majorly rented out on-airport locations by customers.

Interested to Know More about this Report, Request for the sample report :

• Car rental companies charge a premium price for on-airport locations as compared to off-airport locations. Consumers can Book a car via web or direct app/ aggregator app or call/ kiosk mostly for a period of 3-5 days.

• 80-90% of Fleet sourced on Financial Lease basis at approx. 1.5%.

• Used cars sold at an average of approx. 40% of the original car value after 3 years (depreciation considered as 40-45% in 3 years).

• Used Cars are auctioned offline or via online auto classified platforms.

3. Car Rental Demand in the UAE is driven by Economy Segment majorly being rented for 0-1 months.

Visit This link :- Request for custom report:

• Economy class segment are the most preferred rental option as they are more fuel efficient and cost effective.
• On an average, a rental car in the UAE costs AED 175 per day
• excluding fuel which is incurred by customer at unlimited mileage.
• SUV class segment are rented majorly by families as they have more seating space and luggage space.
• Luxury cars are rented by corporate majorly for business related travel.
• Rental services are hired for a short rental plan of hourly, daily and weekly duration from Airport as well as outside Airport locations.

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:

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 and leasing industry is expected to flourish with a revenue of more than AED 3 Bn by 2025- will the development of business environment help the market to achieve its targeted growth? here

News-ID: 3069282 • Views: 515

More Releases from Ken Research

US Loan Servicing Market Is Expected To Reach 450 Million US$ By 2028: Ken Research
US Loan Servicing Market Is Expected To Reach 450 Million US$ By 2028: Ken Resea …
The US Loan Service Market is poised for a steered growth due to constant increase in digital transformation practices, coupled with rapid growth of fintech startups, population growth and urbanization, and adoption of cloud computing model. Story Outline High internet penetration rate and increased digital transformation practices resulting in easy money lending practices and growth of loan service market. Fintech startups in US are playing a vital role in driving growth within the
What Is The Size Of Belgium Agriculture Machinery Industry?
What Is The Size Of Belgium Agriculture Machinery Industry?
Belgium Agriculture Machinery market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F. The Belgium Agriculture Machinery Market is largely driven by rising awareness for the advance equipments, increasing demand for agriculture equipment rental services, use of smart farming, integration of Agriculture 4.0 along with strong government support. The Government of Flanders (Belgium) has signed new agreement with the Food and Agriculture
التوقعات المستقبلية لسوق خدمات اللياقة البدنية في مصر
التوقعات المستقبلية لسوق خدمات اللياقة الب …
ما هو جهاز اللياقة البدنية الحالي في مصر؟ يبلغ عدد سكانها 99.8 مليون نسمة و 365.4 مليار دولار من الناتج المحلي الإجمالي اعتبارا من عام 2020 ، ينمو الاقتصاد المصري بنسبة 9.6٪ على مدى ثلاث سنوات من النمو السنوي المركب. يشارك السكان في مصر ، بغض النظر عن الفئات العمرية ، بنشاط في الأنشطة البدنية المنتظمة مثل المشي وركوب الدراجات وصالة الألعاب الرياضية في الحدائق العامة أو مراكز اللياقة البدنية أو

More Releases for UAE

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
AdWords agency in UAE
Google AdWords PPC is one of the most popular pay per click package in search platform. It is beneficial to your boosting traffic, clicks, and conversions. In additions, it is also an efficient way to tell people about your brand. NFINITY8 is one of the expert AdWords agency in UAE. We do in-depth keyword research for your brand to reach your target customers. From designing to bidding and implementation; Our
Instagram Marketing in UAE
Instagram Marketing is becoming more popular in growing brand awareness. Not only has millions of users, it has also high engagement rate for branded content. Instagram’s user base in the UAE is growing faster than most countries. It has risen by 60 percent from last year as against a worldwide increase of 40 percent.” As of January 2017, Instagram users in the Arab countries reaches 7.1 million where 17% of the users
Digital Marketing in UAE
NFINITY8 just published a blog Benefits of Digital Marketing Digital marketing is the most powerful and innovative form of marketing for the growth of your business. It is the best way to reach your potential customers. It could be from google search, social media marketing services, email and online advertising in short Digital Marketing is a term for all your online marketing efforts. Building a website with Search Engine authority, loyal