Newly released market study: Car Rental in the United Arab Emirates

Car rental is seeing strong technological innovation and attracting new entrants, due to strong and growing consumer demand for car rental. Domestic player Massar for example launched a PayPerKay app for Android and iOS smartphones in September 2015, with this enabling drivers to pay only for the number of km that they travel, buying "bundles" of km and subsequently topping them up. Instacar also offered an app for iOS and Android in 2015, with this enabling customers to lock or unlock cars using their smartphones, in addition to booking and 24hr road service for breakdowns and emergencies.

Industry Prospects

Business car rental will continue to dominate overall sales in the forecast period, accounting for 62% of value in 2019. This area is expected to see a strong 7% value CAGR at constant 2014 prices in the forecast period, despite seeing the slowest growth rate across car rental. Growth will be supported by ongoing economic growth in the country, particularly in the run up to Expo 2020. Insurance replacement will meanwhile see the strongest growth from a low base with a CAGR of 12%, benefiting from more insurance companies offering attractive replacement schemes as they seek to compete. Leisure car rental will also be dynamic, with 11% value CAGR, benefiting from ongoing growth in both domestic and inbound tourism.

Full Report Details at
- http://www.fastmr.com/prod/1098797_car_rental_united_arab.aspx?afid=301

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in United Arab Emirates with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Car Rental industry in United Arab Emirates, our research will save you time and money while empowering you to make informed, profitable decisions.

The Car Rental in United Arab Emirates market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Car Rental in United Arab Emirates?
* What are the major brands in United Arab Emirates?
* Is there a shift from airport car rental to non-airport?
* Is leisure car rental outpacing business car rental?
* Is insurance replacement recession-resistant?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats

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