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 2019. Dubai 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 2019. Limousine 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: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
