UAE Rent a Car Market Analysis, 2016-2026F
CAGR
Revenue: XX% Total Cars Available for Rental: XX%
2016
2017
2018
2019 2020 Revenue (USD million)
CAGR
Figure XX: UAE Rent a Car Industry Revenues (USD Million) & Total Cars Available for Rental, 2016- 2026F Revenue: XX% Total Cars Available for Rental: XX%
2021F 2022F 2023F Total Cars Available for Rental
2024F
2025F
2026F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Market at a Glance • UAE Rent a Car market is snowballing over the last couple of years at a CAGR of around XX% during 2016-2020. The factors such as shifting consumers' preference towards rent a car over purchase and surging interest regarding drive a branded cars are encouraging the individuals to rent the cars such as SUV, luxury cars, etc. in the emirate. The growing tourism in the country, particularly in Dubai due to events such as Dubai Shopping Festival, Dubai Tennis Championship, Grand Prix, among others, is contributing to generate additional demand for cars on rent over the last couple of years. • In 2020, COVID-19 impacted the growth of UAE rent a car market owing to lockdown, which leads to halt of individuals movement and discontinued entry of tourism for the particular months in the country. Therefore, the UAE rent a car market experienced a slow growth Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.
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