Mordor Intelligence has published a new report on the United Arab Emirates (UAE) used car market , offering a comprehensive analysis of trends, growth drivers, and future projections.
Market Overview:
The United Arab Emirates (UAE) used car market is projected to grow from USD 20.55 billion in 2025 to USD 35.78 billion by 2030, registering a compound annual growth rate (CAGR) of 11.73% during the forecast period, according to Mordor Intelligence. Factors such as affordability, availability, quality of used cars, a large expatriate population, and evolving consumer preferences contribute to this upward trend.
Key Trends
Several trends are shaping the UAE used car market:
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Digital Transformation: The increasing digitization of the purchasing process allows companies to offer immersive buying experiences remotely. This shift enhances customer convenience and broadens market reach.
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Value-Added Services: The rise in value-added service offerings and the availability of various financing options for used cars are making purchases more accessible and appealing to a broader customer base.
Market Segmentation
The UAE used car market is segmented based on vehicle type, fuel type, booking type, and vendor type:
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Vehicle Type:
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Hatchback
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Sedan
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Sports Utility Vehicle (SUV)
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Multi-Purpose Vehicles (MPVs)
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Fuel Type:
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Gasoline
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Diesel
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Others
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Booking Type:
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Online
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Offline
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Vendor Type:
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Organized
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Unorganized
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Notably, SUVs and MPVs are gaining popularity due to their spacious interiors, catering to both tourists and residents who require versatile vehicles for travel and daily use.
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Key Players
The UAE used car market is moderately fragmented, with several key players contributing to its growth:
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Al-Futtaim Group
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Al Nabooda Automobiles LLC
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Arabian Automobile Company
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Souq Al Haraj
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Al Tayer Motors
These companies are adopting strategies such as collaborative agreements, mergers, acquisitions, and fleet expansions to strengthen their market positions.
Conclusion
The UAE’s used car market is poised for significant growth, driven by digital advancements, changing consumer preferences, and strategic initiatives by key industry players. As the market evolves, stakeholders are expected to leverage these trends to meet the increasing demand and enhance customer experiences.
Industry Related Reports
GCC Used Car Market Source: The GCC used car market is categorized based on vehicle type (including hatchbacks, sedans, SUVs, and multi-purpose vehicles or MPVs), sales channel (online and offline), vendor type (organized and unorganized), and country (covering the United Arab Emirates, Saudi Arabia, Bahrain, Oman, Qatar, and Kuwait).
Middle-East and Africa Used Car Market: The Middle East and Africa used car market is segmented by vehicle type (hatchback, sedan, and sports utility vehicle or SUV), vendor type (organized and unorganized), and by country (including the United Arab Emirates, Saudi Arabia, Kenya, Egypt, and the rest of the Middle East & Africa).
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