8.2.5. By Rental Duration 8.2.6. By Region UAE Rental Luxury Car Market Outlook, 2016 2026F 9.1. Market Size & Analysis 9.1.1. Revenues

UAE Rent a Car Market Analysis, 2016-2026F

Figure XX: UAE Rent a CarIndustry Revenues (USD Million) & Total Cars Available for Rental, 2016-2026F

Revenue:XX% Total Cars Available for Rental:XX% CAGR Revenue: XX% Total Cars Availablefor Rental: XX%

2016 2017 2018 2019 2020

Revenue (USD million)

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 shiftingconsumers'preferencetowardsrentacaroverpurchaseandsurginginterestregardingdriveabrandedcarsareencouragingthe individualstorentthecarssuchasSUV,luxurycars,etc.intheemirate.Thegrowingtourisminthecountry,particularlyinDubaidueto events such as Dubai Shopping Festival, Dubai Tennis Championship, Grand Prix, among others, is contributing to generate additional demandforcarsonrentoverthelastcoupleofyears. In 2020, COVID-19 impacted the growth of UAE rent a car market owing to lockdown, which leads to halt of individuals movement and discontinuedentryoftourismfortheparticularmonthsinthecountry.Therefore,theUAErentacarmarketexperiencedaslowgrowth