UAE and Saudi Arabia Smart Valet App Market Research Report Information by User Type, by Application, and by Country Forecast till 2032

Description

List of Tables

The UAE and Saudi Arabia smart valet app market is anticipated to witness strong growth, reaching USD 19,026.40 thousand by 2032 at a CAGR of 12.6% by the end of 2032. The Smart Valet App is a high-tech mobile platform intended to make the valet parking process easy and digital. The app allows users to book, track, and retrieve their vehicles without hassle and also provides cashless payments and instant notifications, thereby giving speed, security, and convenience to both car owners and the valet staff.

As metropolises like Dubai and Riyadh are growing at a fast pace, the number of vehicles is increasing way beyond the parking spaces available, thereby necessitating the use of smart valet applications. These AI-powered platforms not only make parking hassle-free through the use of automation, cashless payments, and space optimization but also cater to the region's environmental objectives and smart infrastructure progress, such as NEOM and Masdar City.

Major Company Development

Valtrans Transportation Systems and Services (Parkonic) partnered with Salik in a strategic move to implement eWallet-enabled smart parking at 107 locations in November 2024. With this initiative, the company is going beyond Dubai in its journey and is providing a service that covers over 35,000 parking spaces. The partnership is a step forward in cashless mobility and a way to make the UAE's digital infrastructure more robust, with Parkonic playing a key role in the move.

Key Report Attributes

Market Size 2032: USD 19,026.40 Thousand
CAGR (2024-2032): 12.6%
Base Year: 2023
Market Forecast Period: 2025-2030

Industry Segmentations Growth

By User Type: Car Owner - 12.4%, Valet Operator/Manager - 12.8%.
By Application: Hotels - 10.4%, High-End Restaurants and Cafes - 10.7%.

Product Code: MRFR/AM/63817-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 URBANIZATION AND HIGH VEHICLE OWNERSHIP
- 4.2.2 GOVERNMENT SMART CITY INITIATIVES
- 4.2.3 HIGH SMARTPHONE PENETRATION DRIVING ADOPTION
- 4.2.4 TOURISM AND HIGH-PROFILE EVENTS BOOSTING DEMAND
- 4.2.5 SHIFT TOWARDS LUXURY AND CONVENIENCE
4.3 RESTRAINT
- 4.3.1 HIGH INITIAL INVESTMENT IN TECHNOLOGY AND INFRASTRUCTURE
- 4.3.2 DATA PRIVACY AND CYBERSECURITY CONCERNS
- 4.3.3 VEHICLE SAFETY AND DAMAGE RISKS
- 4.3.4 REGULATORY CHALLENGES AND LICENSING ISSUES
4.4 OPPORTUNITY
- 4.4.1 EXPANSION TO SECONDARY CITIES
- 4.4.2 PARTNERSHIPS WITH LUXURY HOTELS, MALLS, AND AIRPORTS
- 4.4.3 SUSTAINABILITY INITIATIVES: EV CHARGING AND GREEN PARKING
- 4.4.4 AI-POWERED PREDICTIVE ANALYTICS FOR SMART PARKING
- 4.4.5 SUBSCRIPTION-BASED LOYALTY PROGRAMS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 TECHNOLOGY AND SOFTWARE PROVIDERS
- 5.1.2 MOBILE APPLICATION DEVELOPMENT AND PAYMENT GATEWAY INTEGRATION
- 5.1.3 HARDWARE SUPPLIERS (PARKING EQUIPMENT AND IOT SENSORS)
- 5.1.4 VALET SERVICE OPERATORS
- 5.1.5 LUXURY HOTELS, MALLS, AND EVENT ORGANIZERS (SERVICE PROVIDERS AND CLIENTS)
- 5.1.6 CUSTOMER EXPERIENCE AND DIGITAL MARKETING
- 5.1.7 PARKING INFRASTRUCTURE PROVIDERS & SPACE ALLOCATION
- 5.1.8 VALET PARKING SERVICE PROVIDERS
- 5.1.9 CLIENTS
- 5.1.10 TICKETING AND VEHICLE TRACKING SYSTEMS
- 5.1.11 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS (MODERATE TO HIGH):
- 5.2.2 BARGAINING POWER OF SUPPLIERS (MODERATE TO HIGH):
- 5.2.3 BARGAINING POWER OF BUYERS (HIGH):
- 5.2.4 THREAT OF SUBSTITUTE PRODUCTS (MODERATE TO HIGH):
- 5.2.5 RIVALRY AMONG EXISTING COMPETITORS (HIGH):
5.3 TECHNOLOGY ADOPTION ANALYSIS
- 5.3.1 SMART VALET SOLUTIONS INCORPORATING AI FOR PREDICTIVE CAR RETRIEVAL
- 5.3.2 CONNECTING DEVICES FOR SECURE CAR TRACKING
- 5.3.3 INTEGRATED PAYMENT SOLUTIONS FOR SEAMLESS TRANSACTIONS
5.4 REGULATORY LANDSCAPE
5.5 MARKET SWOT ANALYSIS
5.6 MARKET PESTEL ANALYSIS
- 5.6.1 POLITICAL
- 5.6.2 ECONOMIC:
- 5.6.3 SOCIAL:
- 5.6.4 TECHNOLOGICAL:
- 5.6.5 ENVIRONMENTAL:
- 5.6.6 LEGAL
- 5.6.7 CONSUMER DEMOGRAPHICS OUTLOOK (17+)
- 5.6.8 TECH-SAVVY INDIVIDUALS FAMILIAR WITH SMARTPHONES AND APPS
- 5.6.9 HIGH-INCOME EARNERS FREQUENTING PREMIUM ESTABLISHMENTS
5.7 BEHAVIORAL INSIGHTS
- 5.7.1 PREFERENCE FOR CONVENIENCE AND PREMIUM EXPERIENCES
- 5.7.2 GROWING INTEREST IN ECO-FRIENDLY AND EFFICIENT SOLUTIONS
- 5.7.3 VEHICLE SAFETY AND DEMAND FOR AUTOMATIC PARKING SYSTEMS
- 5.7.4 PERSONALIZED AND LOYALTY-DRIVEN VALET EXPERIENCES
- 5.7.5 PREFERENCE FOR CASHLESS AND CONTACTLESS TRANSACTIONS
5.8 TECHNOLOGICAL INSIGHTS
- 5.8.1 FUTURE TRENDS: IOT-BASED PARKING SYSTEMS AND SELF-DRIVING CAR INTEGRATION WITH VALET APPS
5.9 CUSTOMER NEEDS AND PAIN POINTS
- 5.9.1 RISING CONCERNS OVER CAR SAFETY AND MISHANDLING
5.10 UAE/SAUDI ARABIA AVERAGE VALET PARKING EXPENDITURE BY HOTELS

6 UAE AND SAUDI ARABIA SMART VALET APP MARKET, BY USER TYPE

6.1 OVERVIEW
6.2 CAR OWNER
- 6.2.1 PREMIUM
- 6.2.2 FREEMIUM
6.3 VALET OPERATOR/MANAGER

7 UAE AND SAUDI ARABIA SMART VALET APP MARKET, BY APPLICATION

7.1 INTRODUCTION
7.2 HOTELS
- 7.2.1 LUXURY
- 7.2.2 MID-RANGE
7.3 HIGH-END RESTAURANTS AND CAFES
7.4 SHOPPING MALLS AND RETAIL CENTRES
7.5 LARGE-SCALE EVENTS
- 7.5.1 SPORTS
- 7.5.2 CONCERTS

8 UAE SMART VALET APP MARKET, BY COUNTRY

8.1 OVERVIEW
- 8.1.1 UAE SMART VALET APP MARKET, BY COUNTRY, 2019-2032 (USD THOUSAND)
8.2 DUBAI
8.3 ABU DHABI
8.4 SHARJAH
8.5 REST OF UAE

9 SAUDI ARABIA SMART VALET APP MARKET, BY COUNTRY

9.1 OVERVIEW
- 9.1.1 SAUDI ARABIA SMART VALET APP MARKET, BY COUNTRY, 2019-2032 (USD THOUSAND)
9.2 RIYADH
9.3 JEDDAH
9.4 MECCA
9.5 MEDINA
9.6 REST OF SAUDI ARABIA

10 UAE AND SAUDI ARABIA VALET PARKING MARKET, 2019-2032 (USD MILLION)

10.1 INTRODUCTION

11 UAE AND SAUDI ARABIA PARKING MANAGEMENT SOFTWARE MARKET, BY COUNTRY, 2019-2032 (USD MILLION)

11.1 INTRODUCTION

12 COMPETITIVE LANDSCAPE (SMART VALET APP MARKET)

12.1 INTRODUCTION
12.2 COMPETITOR DASHBOARD
12.3 COMPANY MARKET SHARE ANALYSIS, 2023
12.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 12.4.1 COLLABORATE

13 COMPANY PROFILE (SMART VALET APP MARKET)

13.1 SPARK
- 13.1.1 COMPANY OVERVIEW
- 13.1.2 FINANCIAL OVERVIEW
- 13.1.3 PRODUCTS OFFERED
- 13.1.4 KEY DEVELOPMENTS
- 13.1.5 SWOT ANALYSIS
- 13.1.6 KEY STRATEGIES
- 13.1.7 FEEDBACK ANALYSIS
13.2 TVP VALET PARKING
- 13.2.1 COMPANY OVERVIEW
- 13.2.2 FINANCIAL OVERVIEW
- 13.2.3 PRODUCTS OFFERED
- 13.2.4 KEY DEVELOPMENTS
- 13.2.5 SWOT ANALYSIS
- 13.2.6 KEY STRATEGIES
- 13.2.7 FEEDBACK ANALYSIS
13.3 XVALET
- 13.3.1 COMPANY OVERVIEW
- 13.3.2 FINANCIAL OVERVIEW
- 13.3.3 PRODUCTS OFFERED
- 13.3.4 KEY DEVELOPMENTS
- 13.3.5 SWOT ANALYSIS
- 13.3.6 KEY STRATEGIES
- 13.3.7 FEEDBACK ANALYSIS
13.4 JUST VALET
- 13.4.1 COMPANY OVERVIEW
- 13.4.2 FINANCIAL OVERVIEW
- 13.4.3 PRODUCTS OFFERED
- 13.4.4 KEY DEVELOPMENTS
- 13.4.5 SWOT ANALYSIS
- 13.4.6 KEY STRATEGIES
- 13.4.7 FEEDBACK ANALYSIS
13.5 VIP PARKING CONTROL
- 13.5.1 COMPANY OVERVIEW
- 13.5.2 FINANCIAL OVERVIEW
- 13.5.3 PRODUCTS OFFERED
- 13.5.4 KEY DEVELOPMENTS
- 13.5.5 SWOT ANALYSIS
- 13.5.6 KEY STRATEGIES
- 13.5.7 FEEDBACK ANALYSIS
13.6 VALTRANS TRANSPORTATION SYSTEMS AND SERVICES
- 13.6.1 COMPANY OVERVIEW
- 13.6.2 FINANCIAL OVERVIEW
- 13.6.3 PRODUCTS OFFERED
- 13.6.4 KEY DEVELOPMENTS
- 13.6.5 SWOT ANALYSIS
- 13.6.6 KEY STRATEGIES
- 13.6.7 FEEDBACK ANALYSIS
13.7 EVALETZ
- 13.7.1 COMPANY OVERVIEW
- 13.7.2 FINANCIAL OVERVIEW
- 13.7.3 PRODUCTS OFFERED
- 13.7.4 KEY DEVELOPMENTS
- 13.7.5 SWOT ANALYSIS
- 13.7.6 KEY STRATEGIES
- 13.7.7 FEEDBACK ANALYSIS
13.8 OSCAR ELITE VALET PARKING SERVICES LLC
- 13.8.1 COMPANY OVERVIEW
- 13.8.2 FINANCIAL OVERVIEW
- 13.8.3 PRODUCTS OFFERED
- 13.8.4 KEY DEVELOPMENTS
- 13.8.5 SWOT ANALYSIS
- 13.8.6 KEY STRATEGIES
- 13.8.7 FEEDBACK ANALYSIS
13.9 HC VALET PARKING
- 13.9.1 COMPANY OVERVIEW
- 13.9.2 FINANCIAL OVERVIEW
- 13.9.3 PRODUCTS OFFERED
- 13.9.4 KEY DEVELOPMENTS
- 13.9.5 SWOT ANALYSIS
- 13.9.6 KEY STRATEGIES
- 13.9.7 FEEDBACK ANALYSIS
13.10 PRESTIGE-VALET-PARKING
- 13.10.1 COMPANY OVERVIEW
- 13.10.2 FINANCIAL OVERVIEW
- 13.10.3 PRODUCTS OFFERED
- 13.10.4 KEY DEVELOPMENTS
- 13.10.5 SWOT ANALYSIS
- 13.10.6 KEY STRATEGIES
- 13.10.7 FEEDBACK ANALYSIS

14 COMPETITIVE LANDSCAPE (TRADITIONAL VALET PARKING SERVICES MARKET)

14.1 INTRODUCTION
14.2 COMPETITOR DASHBOARD
14.3 COMPANY MARKET SHARE ANALYSIS, 2023

15 COMPANY PROFILE (TRADITIONAL VALET PARKING SERVICES MARKET)

15.1 ROYAL ELITE VALET PARKING COMPANY
- 15.1.1 COMPANY OVERVIEW
- 15.1.2 FINANCIAL OVERVIEW
- 15.1.3 PRODUCTS OFFERED
- 15.1.4 KEY DEVELOPMENTS
- 15.1.5 SWOT ANALYSIS
- 15.1.6 KEY STRATEGIES
- 15.1.7 FEEDBACK ANALYSIS
15.2 THE VALET LLC
- 15.2.1 COMPANY OVERVIEW
- 15.2.2 FINANCIAL OVERVIEW
- 15.2.3 PRODUCTS OFFERED
- 15.2.4 KEY DEVELOPMENTS
- 15.2.5 SWOT ANALYSIS
- 15.2.6 KEY STRATEGIES
- 15.2.7 FEEDBACK ANALYSIS
15.3 AD ON VALET PARKING SERVICES LLC
- 15.3.1 COMPANY OVERVIEW
- 15.3.2 FINANCIAL OVERVIEW
- 15.3.3 PRODUCTS OFFERED
- 15.3.4 KEY DEVELOPMENTS
- 15.3.5 SWOT ANALYSIS
- 15.3.6 KEY STRATEGIES
- 15.3.7 FEEDBACK ANALYSIS
15.4 WAGIFLI
- 15.4.1 COMPANY OVERVIEW
- 15.4.2 FINANCIAL OVERVIEW
- 15.4.3 PRODUCTS OFFERED
- 15.4.4 KEY DEVELOPMENTS
- 15.4.5 SWOT ANALYSIS
- 15.4.6 KEY STRATEGIES
- 15.4.7 FEEDBACK ANALYSIS
15.5 ADVANCED PRESTIGE
- 15.5.1 COMPANY OVERVIEW
- 15.5.2 FINANCIAL OVERVIEW
- 15.5.3 PRODUCTS OFFERED
- 15.5.4 KEY DEVELOPMENTS
- 15.5.5 SWOT ANALYSIS
- 15.5.6 KEY STRATEGIES
- 15.5.7 FEEDBACK ANALYSIS
15.6 ZMH VALET PARKING
- 15.6.1 COMPANY OVERVIEW
- 15.6.2 FINANCIAL OVERVIEW
- 15.6.3 PRODUCTS OFFERED
- 15.6.4 KEY DEVELOPMENTS
- 15.6.5 SWOT ANALYSIS
- 15.6.6 KEY STRATEGIES
- 15.6.7 FEEDBACK ANALYSIS
15.7 EASY VALET COMPANY
- 15.7.1 COMPANY OVERVIEW
- 15.7.2 FINANCIAL OVERVIEW
- 15.7.3 PRODUCTS OFFERED
- 15.7.4 KEY DEVELOPMENTS
- 15.7.5 SWOT ANALYSIS
- 15.7.6 KEY STRATEGIES
- 15.7.7 FEEDBACK ANALYSIS
15.8 VPM
- 15.8.1 COMPANY OVERVIEW
- 15.8.2 FINANCIAL OVERVIEW
- 15.8.3 PRODUCTS OFFERED
- 15.8.4 KEY DEVELOPMENTS
- 15.8.5 SWOT ANALYSIS
- 15.8.6 KEY STRATEGIES
- 15.8.7 FEEDBACK ANALYSIS
15.9 ABSHER PARKING SERVICES
- 15.9.1 COMPANY OVERVIEW
- 15.9.2 FINANCIAL OVERVIEW
- 15.9.3 PRODUCTS OFFERED
- 15.9.4 KEY DEVELOPMENTS
- 15.9.5 SWOT ANALYSIS
- 15.9.6 KEY STRATEGIES
- 15.9.7 FEEDBACK ANALYSIS
15.10 INTEGRATED PARKING SYSTEM
- 15.10.1 COMPANY OVERVIEW
- 15.10.2 FINANCIAL OVERVIEW
- 15.10.3 PRODUCTS OFFERED
- 15.10.4 KEY DEVELOPMENTS
- 15.10.5 SWOT ANALYSIS
- 15.10.6 KEY STRATEGIES
- 15.10.7 FEEDBACK ANALYSIS

16 STRATEGIC RECOMMENDATION FOR SMART VALET APP MARKET

16.1 POSITIONING
- 16.1.1 HIGHLIGHT PREMIUM CONVENIENCE AND SECURE VALET SERVICES USING ADVANCED TECHNOLOGY
- 16.1.2 MARKET AS AN ECO-FRIENDLY SOLUTION BY OPTIMIZING PARKING EFFICIENCY AND REDUCING IDLE CAR EMISSIONS
- 16.1.3 CONCLUSION
16.2 PARTNERSHIPS
- 16.2.1 COLLABORATE WITH MAJOR HOTEL CHAINS (E.G., JUMEIRAH, EMAAR HOSPITALITY) AND MALLS (E.G., DUBAI MALL, MALL OF QATAR)
- 16.2.2 APPROACH EVENT ORGANIZERS FOR SPORTS AND ENTERTAINMENT VENUES
- 16.2.3 CONCLUSION
16.3 MONETIZATION MODELS
- 16.3.1 PAY-PER-USE MODEL
- 16.3.2 SUBSCRIPTION FOR REGULAR USERS
- 16.3.3 COMMISSION-BASED AGREEMENTS WITH PARTNERING ESTABLISHMENT
- 16.3.4 CONCLUSION
16.4 MARKETING STRATEGY
- 16.4.1 USE GEO-TARGETED ADS AND SOCIAL MEDIA CAMPAIGNS TO TARGET URBAN USERS
- 16.4.2 CONCLUSION
16.5 TOP PERFORMING MARKET SEGMENTS AND MARKET ENTRY OR EXPANSION EFFORTS
- 16.5.1 CONCLUSION
16.6 TECHNOLOGY REQUIREMENTS/DEMAND
- 16.6.1 CONCLUSION
16.7 MARKET POTENTIAL
- 16.7.1 CONCLUSION
16.8 MARKET COMPETITION
- 16.8.1 CONCLUSION
16.9 CHANNELS & PARTNERSHIPS
- 16.9.1 CONCLUSION
16.10 REGULATORY LANDSCAPE
- 16.10.1 CONCLUSION
16.11 ADJACENT MARKETS
- 16.11.1 CONCLUSION
16.12 PROFITABILITY
- 16.12.1 CONCLUSION
16.13 OTHERS