Market Share Avis Hala, Europcar Fleet Size UAE, Thrifty UAE Car Rental,

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UAE Car Rental and Leasing Market Report 2020
Ken Research
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• How the UAE Car Rental and Leasing Market Is
  Positioned?
• The share of car rental in UAE is the second
  largest within the entire car rental market in
  Middle East region with a contribution of around
  in overall revenues in 2015. Hertz
  Corporation, Thrifty, Europcar, Sixt and Avis
  Budget have been the leading players in the UAE
  car rental market with a combined market share of
  in 2015. UAE car rental market has grown at a
  CAGR of , over the period, 2010-2015 and
  increased to USD million in 2015 from USD
  million in 2010. Initially car rental market in
  UAE was driven by on-airport car rental services
  but with the rise in the number of business men
  and working Emiratis there has been a rise in the
  number of number of long term car rentals in the
  country. The major operators in the industry have
  reduced car rental expenses, enhanced their fleet
  size and looked for opportunities in off-airport
  markets

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• while others moved to enter into leisure segment
  of the market, which has been the possible growth
  driver of the industry. UAE car rental market is
  majorly dependent on the air travel industry as
  most of the revenue is generated from the airport
  travelers, so any unrest in the air travel
  industry has a major impact on the car rental
  market in UAE. In 2014, the airport travelers
  contributed a major portion in UAE car rental
  market and recorded value sales worth USD
  million in the overall car rental market worth
  USD million in 2014. During 2015, the
  phenomenal growth in travelers, coupled with
  rising demand from Dubai has driven the revenues
  of car rental industry to USD million. The
  growth in the number of tourists in the country
  has been majorly due to expansion of Emirates
  airlines and Flydubais fleet network. The
  growth in Dubais cruise industry has helped by
  the opening of a third cruise terminal and better
  accessibility to Dubai.

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• Which Segments have Driven Changes in UAE Car
  Rental and Leasing Market?
• A substantial portion of the revenues are
  generated by spending of consumers on long-term
  car rentals in the country. UAE car rental
  industry can also been further segmented on the
  basis of airport and off-airport renting of cars
  with a significant contribution of former in the
  industry over the past 5 years since 2010. UAE,
  being a major tourist destination witnesses a
  large number of travelers throughout the year,
  who rent cars from the airport premises in the
  country, which has strengthened the revenues of
  the on-airport segment in overall car rental
  market in the past few years. UAE car rental
  market has majorly been driven by Dubai car
  rental market. Dubai accounts for a share of
  in 2015 in UAE car rental market. During 2015, it
  has been witnessed that oil and gas has accounted
  for the largest share with in terms of
  revenues engendered by car leasing market. The
  leasing term for 1-2 years has accounted for
  share in the number of contracts during 2015.
  Primarily, the companies who work on specific
  projects go for leasing term for 1-2 years.

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• What is the Future Outlook for UAE Car Rental and
  Leasing Market?
• UAE car rental market over the past few years has
  witnessed series of activities such as influx of
  both inbound and outbound tourists, rise in the
  number of car rental firms in the country,
  increasing number of car variants for rental
  services and rise in the number of long term car
  rental as compared to short term car rentals and
  is expected to witness the same in future. On the
  front of car leasing the decline in economic
  activity due to continuous plunge in oil prices
  is anticipated to push local emirates to look for
  car leasing options for personal use.
  Additionally, the incumbents of enterprises in
  UAE will enhance the demand for car leasing as
  well. It is estimated that the industry will grow
  at a CAGR of in the next 5 years with an
  increase in the number of international visitors
  and growing preference towards self drive car
  rental market. The market is projected to reach
  USD million by 2017In the longer run the market
  is expected to reach USD million by 2020. The
  market is also expected to witness a rise in the
  number of Luxury cars since the market is largely
  driven by increasing levels of both business and
  leisure tourism.

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• What is the Competition Scenario in UAE Car
  Rental and Leasing Market?
• Burj Khalifa, Dubai Museum, Bastakia, Sheikh-
  Saeedu Al- Maktoum House, Dubai Creek and others
  are some of the prevalent tourist gathering
  places throughout the year. This has resulted in
  difficulties in getting a cab to tour the entire
  place. Car rental market in UAE is mature with
  majority of the firms operating on Competitive
  Pricing strategy. Firms such as Hertz, Avis
  Hala, Budget, Europcar and others are one of the
  major players in UAE car rental market. Thus, the
  car rental facilities are increasingly being
  availed by outstation tourists in UAE which has
  presented an easy, less priced option to relish
  the trip to the country. Additionally, to ensure
  best travelling facilities, a large number of car
  rental companies, operating in UAE provide
  reasonable prices of rents and various other
  facilities.

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• Hertz has captured the dominant share in the
  market for rented cars in UAE with a share of
  around in 2015. Avis Hala held a share of
  in UAE car rental market in terms of fleets owed
  to generation of revenues through leisure
  rentals, from corporate rentals and rest from
  insurance replacement services. The company has
  around fleets operating in UAE both for car
  leasing, and short term car rental purposes. The
  share of Thrifty was in 2015 in terms of
  overall car rental fleet in UAE. Europcar is
  another major player in the car rental market
  with a share of in 2015. Sixt has been
  consistently expanding its range of products and
  services with modern online and mobile solutions,
  in order to meet increasing demand due to which
  the firm held a share of in 2015. Other
  players such as Diamond Lease, Auto Rent, and
  Patriot Rent a Car and Super Price Rent a Car
  have commanded a share of in the overall
  market.

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• Source https//www.kenresearch.com/automotive-tra
  nsportation-and-warehousing/automotive-and-automot
  ive-components/uae-car-rental-leasing-market/42906
  -100.html
•  Contact Ken ResearchAnkur
  Gupta, Head Marketing CommunicationsAnkur_at_kenre
  search.com91-9015378249

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