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:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/uae-car-rental-leasing-and-limousine-market-outlook-to-2025/473031-100.html

• 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 :
https://www.kenresearch.com/sample-report.php?Frmdetails=NDczMDMx

• 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:
https://www.kenresearch.com/ask-customization.php?Frmdetails=NDczMDMx

• 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.

India
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 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:

More Releases from Ken Research

Top Players Are Reshaping the India Telemedicine Market: Who's Leading and Why I …
In 2024, the India Telemedicine market was valued at USD 2.3 Bn, dominated by players such as Practo and Apollo TeleHealth due to their extensive doctor networks and full-stack digital infrastructure. From strategic acquisitions to AI-driven platforms, these leaders are setting new standards for virtual care delivery across India. New Delhi, April 14, 2025 Ken Research's latest Competitive Landscape Report 2025 on the India Telemedicine Market dissects how dominant players
Smart Parking for Smart Cities: Unveiling the Future of US Parking Management
Smart Parking for Smart Cities: Unveiling the Future of US Parking Management
What is the Size of US Parking Management Industry? US Parking Management industry is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028. The parking management in the United States is a substantial industry, driven by factors such as urbanization, increasing vehicle ownership & the need for efficient parking solutions. The market consists of various types of parking facilities: on-street parking, off-street parking lots,
The Transformative Growth of the US Acute Myeloid Leukemia Market
The Transformative Growth of the US Acute Myeloid Leukemia Market
What is the Size of US Acute Myeloid Leukemia Industry? US Acute Myeloid Leukemia Market is expected to grow at a CAGR of ~ % in 2022 and is expected to reach ~USD Mn by 2028. The US Acute Myeloid Leukemia market is the rapid advancement in precision medicine and targeted therapies. The emergence of innovative treatments tailored to the genetic and molecular characteristics of individual AML patients has transformed the
Shaping the Future of USA Solid Tumor Therapeutics Market
Shaping the Future of USA Solid Tumor Therapeutics Market
What is the Size of USA Solid Tumor Therapeutics Industry? USA Solid Tumor Therapeutics Market is expected to grow at a CAGR of ~% between 2022-2028 and is expected to reach ~USD Bn by 2028. The development of novel therapies like immunotherapies (checkpoint inhibitors, CAR-T cells), targeted therapies (kinase inhibitors, monoclonal antibodies), and precision medicine approaches has revolutionized solid tumor treatment, offering more effective and personalized options. Researchers are increasingly exploring

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