Future of UAE Limousine Industry Outlook: Ken Research

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How the UAE Limousine Industry Is Positioned?

The limousine Car industry was observed to grow to a market size of AED ~ million in 2019 with a positive CAGR of ~% for 2014-2019. The leasing market is highly influenced by the number of international and national tourists, official clients and occasions, and party events in the UAE.

Limousine cars are segmented into two types, the stretched and the luxury type having a sitting capacity from 2-20 seating capacity of brands ranging from Rolls Royce, Ferrari to Hummer. The Limousine Company caters both airport and non-airport customers that can be booked easily via online website portal or via call ranging from a rental period of 1 hour to several days. It comes with both chauffeur services and without chauffeur services according to the demand. The market is majorly concentrated in Dubai and Abu Dhabi because of a high number of demands from corporate companies and clients. Booking is also highly influenced by wedding occasions, school parties, and other events.

The Limousine Car Industry was observed to grow to a market share of ~thousands in terms of Operational Fleet size and ~Thousands in terms of Total fleet.

Limousine market is majorly compromised of competitors such as Dubai Taxi Corporation, Emirates Transport, CityLink Limousine, Private Limousine, Avis Limousine, Transguard Limousine, National Transport, Sharjah Roads and Transport Authority, Hot Wheels Limousine, and several others.

New Entrants such as city link limousine and Onak are also entering the market against big brands such as Dubai Taxi Corporation and Emirates transport.

UAE Limousine Car Market Segmentation

By Type of Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain): Dubai has dominated the UAE limousine fleet with a market share of ~% during 2019Dubai and Abu Dhabi have the highest number of households and corporate offices. These lead to the highest demand for Limousine services by corporate and Individuals.

By Number of Airport Bookings (Airport and Off-Airport): Airport Bookings have dominated the UAE limousine revenue with a market share of ~% during 2019Limousine cars are booked from the airport as well as outside Airport. Airport bookings are done majorly by tourists and clients. Non-Airport bookings are generally done for occasional events.

By Types of Cars (Standard, Large, Luxury and Ultra Luxury): Standard limousine cars have dominated the UAE Leasing fleet with a market share of ~% during 2019. Standard and Large vehicles of car brands such as Lexus and Infiniti are most preferred by the customers followed by Luxury and Ultra-luxury vehicles.

By Source of Payment (Direct from customers and corporate payments): Direct payment source from customers have dominated the UAE Limousine Revenue with a market share of ~% during 2019. Limousine services are hired via website or offline means. The customers prefer paying directly to the companies instead of aggregate platforms.

By Business (Event and Non- Event Business): Limousine services are majorly booked for major events with a market share of ~% during 2019 for events such as weddings, parties, and other occasions.

By Number of Limousine companies in Emirates (Dubai, Abu Dhabi Ajman, Sharjah, Ras Al Khaimah, Fujairah, and Umm Al-Quwain):  Dubai and Abu Dhabi are population-dense emirates with the huge limousine cars demand Dubai and Abu Dhabi has the highest market share of ~% and ~% respectively for 2019 to cater to the demand.

By Purpose (Cab and Non-Cab Companies): Cab companies have dominated the UAE Limousine fleet with a market share of ~% during 2019 in terms of revenue. Limousine services majorly drive its revenue from Cab companies.

By Types of the limousine (Leisure and Corporate): Booking for Leisure purposes has dominated the UAE Limousine fleet with a market share of ~% during 2019. A limousine service is considered a luxury service.

What Is the Competition Scenario in UAE Limousine Car Market?

Limousine market is majorly compromised of competitors such as Dubai Taxi Corporation, Emirates Transport, CityLink Limousine, Private Limousine, Avis Limousine, Transguard Limousine, National Transport, Sharjah Roads and Transport Authority, Hot Wheels Limousine, and several others.

New Entrants such as city link limousine and Onak are also entering the market against big brands such as Dubai Taxi Corporation and Emirates transport.

UAE Car Rental, Leasing, And Limousine Industry Future Outlook and Projections

Over the forecast period 2019-2024F, the UAE car rental market is further anticipated to increase to by the year 2024F, thus showcasing a CAGR of ~%in terms of Fleet Size. UAE car leasing market is further anticipated to increase to AED ~ Million by the year 2024F, thus showcasing a CAGR of ~%in terms of revenue. Government initiatives, Low fuel costs, and upcoming annual events, and tourist influx are contributing to the growth of the Car rental, leasing, and Limousine industry in UAE.

The country is also expected to witness growth in the limousine market to AED ~ Million by a CAGR of ~% during the period 2019 to 2024F. More Tourist influx and corporate demand and occasions booking are contributing to the growth of the limousine sector in UEA. UAE Car Rental, Leasing, and Limousine market are anticipated to grow with a growth rate with new entrants’ business growth. UAE is a popular tourist destination and is anticipated to see a pull in Tourist footfall. New Government Initiatives are propelling the corporate demand and technological up-gradation of the market.

Key Segments Covered for Car Rental: –

By Emirates:

Dubai

Abu Dhabi

Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Types of Car:

Economy

SUV

Luxury

By End User:

Corporate

Individual

By Source of Booking:

On-Airport

Off- Airport

By Duration of Car Rental:

0-1 Month

1-6 Month

6-12 Month

Key Segments Covered for Car Leasing

By Emirates:

Dubai

Abu Dhabi

Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Types of Car:

Economy

SUV

Luxury

By Type of Car Leased:

Corporate

Individual

By Duration of Car Leasing:

1 Year

2 Year

3 Year

3+ Year

By End User:

Facility Management

Industrial Sector

Food Services

Logistics

Oil and Gas

Government and Associations

Others

Key Segments Covered for Limousine Car

By Emirates:

Dubai

Abu Dhabi

Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Limousine companies by Emirates:

Dubai

Abu Dhabi

Others (Ras Al Khamiah, Sharjah, Al-Ain, Ajman and Umm Al Quwain)

By Types of Car:

Standard

Large sized

Premium

Ultra-Luxury

By Business:

Event Business

Non- Event Business

By Source of Business:

Airport

Non-Airport

By Source of Payment:

Direct from Corporate

Corporate Payments

By Purpose of Limousine:

Leisure

Corporate

Key Target Audience

Car Rental companies

Car Leasing companies

Limousine Companies

Tourisms Industries

Tour and Travel Aggregator

Automobile companies

Cab taxi companies

Cab Aggregators

Technology Provides

Investors and Venture Capitalist

Government Associations

Logistics company

Time Period Captured in the Report:

Historical Period – 2014-2019

Forecast Period – 2020-2024

Companies Covered:

Car Rental and Leasing Companies:

Thrifty Rent a Car

Emirates Transport

Hertz

Diamondlease

Massar Car Rental

Leaseplan

Shift Rent a Car

National Car Rental

Avis Rent a Car

Europcar

Budget Rent a Car

Fast Rent a Car

Dollar

AutoRent

Paramount Car Rental and Leasing

EuroStar

Sixt Rent a Car

Limousine Companies:

Dubai Taxi Corporation

Emirates Transport

CityLink Limousine

Private Limousine

Avis Limousine

Transguard Limousine

National Transport

Sharjah Roads and Transport Authority

Hot Wheels Limo

Global Wings Limousine

Cityway Limousine

Royal Falcon Limousine

Patriot Limo

Niceway Limousine

Insaf Limousine

German Limousine

Onak Limousine

Dubai Exotic Limousine

Elite Class Limousine Services

Key Topics Covered in the Report: –

Chauffeur services in UAE

Companies in UAE Car Rental Market

Corporate Limousine Car Industry in UAE

Driver services in UAE

Dubai Exotic Limousine Market Future Outlook

Economy Cars Booking in UAE

Royal Falcon Limousine Market Competitors

For More Information on the research report, refer to below link: –

UAE Car Rental and Leasing Market Growth

Related Reports by Ken Research: –

India Self Drive Car Rental Market Outlook to 2024 – Rising Prominence of Shared Mobility Space with Growing Competencies of Self-Drive Companies due to the Growing Investments

Car Rentals (Self Drive) Market in Egypt to 2022: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others)

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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