Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1076105

Cover Image

PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1076105

UAE Used Car Market, By Vehicle Type, By Fuel Type, By Channel, By Category ; Trend Analysis, Competitive Market Share & Forecast, 2015-2028

PUBLISHED:
PAGES: 118 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Unprintable PDF (Single User License)
USD 2550
Unprintable PDF (Group License)
USD 3200
PDF (Enterprise License)
USD 4200

Add to Cart

UAE Used Car Market to Witness 10.9% CAGR until 2028

The UAE used car market is poised to grow two-fold by 2028, attributed to the growing preference of consumers for vehicle ownership, rising disposable income, and the surge in the number of the market players providing quality and affordable used cars…

A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the UAE used car market reached USD 20.60 billion in 2021 and is projected to reach USD 43.13 billion by 2028 at a CAGR of 10.9% during 2022-2028 (forecast period). UAE used car market growth can be attributed to the emergence of online and authorization platforms for used cars sale and purchase. Due to their affordable prices, used cars are gaining immense popularity in the UAE market. As an additional benefit, online used car platforms provide easy access to crucial information such as the price of a wide range of used cars, price comparisons from different vendors, mileage, appearance, and condition through pictures and visuals, etc. These factors go a long way in helping consumers make a final decision. However, the increasing price of used cars in the UAE due to the unavailability of new vehicles may act as a significant restraint for the growth of the market.

Improving Quality of Used Cars and Emerging Testing and Inspection Services is Expected to Boost the UAE Used Car Market

The condition and appearance of the used cars play a crucial role in determining their demand and price. With regular servicing and maintenance for less fuel consumption and better life, the first-hand car owners try to maintain top-tier quality of the cars. Thus, the car owners can retain the quality of the cars during resale, contributing to a smooth resale of used cars in the UAE Furthermore, the emerging testing and inspection services in UAE for used cars to make it safe for the rerun are also boosting its market growth.

The Growing Demand for Japanese Used Cars in the UAE is Driving the Market Growth

The demand for used Japanese cars is increasing at a high rate in the UAE, with Toyota being the most popular brand in the UAE used car market. Nissan also covers a substantial share of the market. Japanese used cars in the UAE are expected to increase due to favorable entry price points compared to their German or South Korean counterparts. Moreover, Japanese cars are also relatively affordable as far as service and maintenance are concerned, making them desirable for second-hand buyers.

C2C Segment is Expected to Grow at a 12.5% CAGR During the Forecast Period

The customer-to-customer or C2C sale in UAE has become much easier due to rise of the social media and the internet. Dubbizzle is the most popular website for selling and buying used cars from private owners. It was first launched as a Dubai-focused website but now covers all the seven emirates. Other similar websites include UAEclass, Kargal and Open Sooq. Used cars for private sale can also be found on expat forum websites such as ExpatWoman, Expat Forum, and ExpatExchange.

Moreover, a lot of people post about cars they are selling on their personal Facebook pages as well as in groups for buying and selling of used cars. Facebook's search function enables the buyer to easily find these groups. In terms of classifieds, previously, the ex-pats used to buy a newspaper, like Gulf News or Khaleej Times, for classified car sale advertisements. However, nowadays, the classified advertisements have also moved online. For instance- Khaleej Times now runs its classified ads for used cars through its Buzz On website.

Impact Of COVID-19 On the UAE Used Car market

The sudden outbreak of the COVID-19 pandemic significantly proliferated the UAE used car market, unlike the expectations. The use of public transport and private cabs declined because of the safety concerns during the virus spread, which resulted in a sharp surge in demand for used cars to fulfill their transportation needs. Affected by the COVID-19 situation, manufacturing and distribution difficulties negatively affected the new car market, causing a dramatic increase in used car demand. Several online platforms have appeared to facilitate the sale and purchase of used cars, leading to the growth of the market. Many auto manufacturing companies were forced to halt the production of new automobiles, resulting in a surge in used car sales in the market due to a scarcity of new cars from auto plants.

Competitive Landscape

The leading players in the UAE used car market include Al Tayer Group, Al-Naboodah, Al-Futtaim group, SellAnyCar.com, Elite Cars, Carswitch, Dubizzle.com, Arabian Automobiles, Yalla Motors and others prominent players. In particular, Al Fatta, Al-Naboodah, and Al Tayer held the largest share in 2021 owing to their continually expanding portfolio that includes some of the world's most recognized and respected automobile brands through addressing their customers' holistic B2C and B2B needs.

February 2022: Cars24 is a renowned online platform that has recently launched an AI-enabled software in U.AE. that allows vehicle enthusiasts to purchase and sell cars within 30 minutes of downloading the program. Customers can also calculate their monthly EMI and track other characteristics like as engine, steering, and tires. It is one of the most advanced platforms for consumers to obtain car financing, insurance, maintenance, and other important services.

November, 2021: SellAnyCar.com, based in Dubai, has announced a USD 122 million regional expansion strategy with Carnab.com. According to Founder Saygin Yalcin, the continuous success of the online car buying and selling service, which began selling to consumers two years ago, would put another nail in the coffin of traditional automobile merchants.

Don't miss the business opportunity of the UAE used car market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the UAE used car market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the UAE used car market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Product Code: BWC2183

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Primary & Secondary Research End-use Vendors
    • 2.3.2. Secondary Research
    • 2.3.3. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. U.A.E Used Car Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Market Driver
    • 4.2.2. Market Restraints
    • 4.2.3. Market Challenges
    • 4.2.4. Market Opportunity
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining End-use Industry of Suppliers
    • 4.3.2. Bargaining End-use Industry of Buyers
    • 4.3.3. Threat of New Entrants
    • 4.3.4. Threat of Substitutes
    • 4.3.5. Intensity of Rivalry
  • 4.4. Recent Development/ Technological Advancement

5. U.A.E Used Car Market Overview

  • 5.1. Market Size & Forecast by Value, 2015-2028
    • 5.1.1. By Value (USD Million)
    • 5.1.2. By Volume (Units)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Vehicle Type
      • 5.2.1.1. Hatchback
      • 5.2.1.2. Sedan
      • 5.2.1.3. SUV
      • 5.2.1.4. Others
    • 5.2.2. By Fuel Type
      • 5.2.2.1. Petrol
      • 5.2.2.2. Diesel
      • 5.2.2.3. Others
    • 5.2.3. By Channel
      • 5.2.3.1 Dealership
      • 5.2.3.2 C2C
      • 5.2.3.3 Classifieds
      • 5.2.3.4 Others
    • 5.2.4. By Category
      • 5.2.4.1 Exported
      • 5.2.4.2 Domestic Sales

6. Competitive Landscape

  • 6.1. List of Key Players and their Offerings
  • 6.2. Company Market Share Analysis, 2021
  • 6.3. Competitive Benchmarking, By Operating Parameters
  • 6.4. Key Developments & Growth Strategies

7. Impact of Covid-19 Across U.A.E Used Car Market

8. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

  • 8.1. CarSwitch DMCC
  • 8.2. Dubizzle
  • 8.3. SellAnyCar.com
  • 8.4. SellAnyCar.com
  • 8.5. Al Futtaim Group
  • 8.6. YallaMotor.com
  • 8.7. Dubi Cars International FZ LLC
  • 8.8. Arabian Automobiles
  • 8.9. Al Tayer Group
  • 8.9. Saeed & Mohammed Al Naboodah Holding LLC
  • 8.10. Sun City Motors LLC

9. Key Strategic Recommendations

Product Code: BWC2183

List of Figures

  • Fig 1: U.A.E. Used Car Market Segmentation
  • Fig 2: Direct Value Chain
  • Fig 3: Dealer Value Chain
  • Fig 4: Expat Population in UAE, (2022)
  • Fig 5: UAE Population Growth, 2015-2022 (in Million)
  • Fig 6: Change in Price since March 1, 2020
  • Fig 7: Porters Five Forces Analysis
  • Fig 8: UAE Used Car Market Size, By Value (USD Million), 2015-2028
  • Fig 9: UAE Used Car Market Size, By Volume (Units), 2015-2028
  • Fig 10: UAE Used Car Market Share (%), By Vehicle Type, By Volume (Units), 2015-2028
  • Fig 11: UAE Used Car Market Share (%), By Vehicle Type, By Value, 2015-2028
  • Fig 12: UAE Used Car Market Share (%), By Fuel Type, By Value, 2015-2028
  • Fig 13: UAE Used Car Market Share (%), By Fuel Type, By Volume (Units), 2015-2028
  • Fig 14: Specific Energy, Energy Density and Co2 Emitted Per Gallon
  • Fig 15: UAE Used Car Market Share (%), By Channel, By Value, 2015-2028
  • Fig 16: UAE Used Car Market Share (%), By Channel, By Volume (Units), 2015-2028
  • Fig 17: UAE Used Car Market Share (%), By Category, By Value, 2015-2028
  • Fig 18: UAE Used Car Market Share (%), By Category, By Volume (Units), 2015-2028
  • Fig 19: UAE Used Car Market Volume Share Analysis, 2021 (Estimated)

List of Tables

  • Table 1: UAE Used Car Market Size, By Vehicle Type, By Value (USD Million), 2015-2028
  • Table 2: UAE Used Car Market Size, By Vehicle Type, By Volume (Units), 2015-2028
  • Table 3: UAE Used Car Market Size, By Fuel Type, By Value (USD Million), 2015-2028
  • Table 4: UAE Used Car Market Size, By Fuel Type, By Volume (Units), 2015-2028
  • Table 5: UAE Used Car Market Size, By Channel, By Value (USD Million), 2015-2028
  • Table 6: UAE Used Car Market Size, By Channel, By Volume (Units), 2015-2028
  • Table 7: UAE Used Car Market Size, By Category, By Value (USD Million), 2015-2028
  • Table 8: UAE Used Car Market Size, By Category, By Volume (Units), 2015-2028
  • Table 9: List of Key Players and Their Offerings
  • Table 10: Competitive Benchmarking, By Operating Parameters
  • Table 11: Key Developments & Growth Strategies
  • Table 12: CarSwitch DMCC Overview
  • Table 13: Dubizzle Overview
  • Table 14: SellAnyCar.com Overview
  • Table 15: Al Futtaim Group Overview
  • Table 16: Al Futtaim Group Financial Analysis (Millions USD)
  • Table 17: YallaMotor.com Overview
  • Table 18: Dubi Cars International FZ LLC Overview
  • Table 19: Arabian Automobiles Company Overview
  • Table 20: Al Tayer Group Overview
  • Table 21: Saeed & Mohammed Al Naboodah Holding LLC Overview
  • Table 22: Sun City Motors LLC Overview
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!