UAE Leasing Market By Lease Type (Commercial Vehicle Lease, Heavy Equipment Lease, Plant and Machinery Lease, Real Estate Lease), By Provider Type (Financial Companies vs Non-Financial Companies), By Tenure Period (Less than 2 years, 2- 5 Years, More than 5 Years), By End Users (Logistics/Transport, FMCG, Ecommerce, Retail, Industries, Construction, Government Sector, Others), By Region, Competition, Opportunity, and Forecast, 2018-2028

Published Date: January - 2025 | Publisher: MIR | No of Pages: 320 | Industry: BFSI | Format: Report available in PDF / Excel Format

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UAE Leasing Market By Lease Type (Commercial Vehicle Lease, Heavy Equipment Lease, Plant and Machinery Lease, Real Estate Lease), By Provider Type (Financial Companies vs Non-Financial Companies), By Tenure Period (Less than 2 years, 2- 5 Years, More than 5 Years), By End Users (Logistics/Transport, FMCG, Ecommerce, Retail, Industries, Construction, Government Sector, Others), By Region, Competition, Opportunity, and Forecast, 2018-2028

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The UAE  leasing at USD 1,020.19 million in terms of value in 2023, and it is projected to advance with a CAGR of 9.44% in the forecast period to reach USD 1,727.48 million in the year 2029. 

UAE leasing market is anticipated to project robust growth in the forecast period on account of increasing demand for car leasing, rising number of commercial activities, government initiatives, etc.

However, in 2022, there has been a rapid increase in rent by around 25% in the majority of districts, making it unsustainable. This has been a huge impact on affordability and has made it harder for tenants to renew their lease. This factor could hamper the market growth.

On Demand Mobility

Companies are focusing on offering car leasing financial services where consumers can lease a brand-new car for a year. They could also exchange those vehicles for a new one each year. It is now simpler for customers to subscribe to vehicles since companies have acknowledged the viability of having on-demand services and have in many ways equated it to car ownership and its liabilities. For instance, in 2022, Self-Drive, the smart mobility application, announced a new “drive a new car every year” program under the name ‘Neos,’ which aims at offering UAE customers flexibility and the option to drive a new car every year. Local dealers will subsequently send the vehicle to their used car division. To provide this program, the company has teamed up with automobile manufacturers and car dealerships all around the nation. As all the services are included in a single monthly charge, there are no down payments. These financial leasing services claim to be a hassle-free alternative to car ownership. Such factors are anticipated to further expand the market growth of the leasing market in the forecast period.

Government Initiatives

The UAE government has been taking several initiatives to improve the leasing services, which is further encouraging consumers to opt for such services. This is significantly contributing to the overall growth of the market. For instance, in 2022, The Dubai Land Department confirmed its agreement with Emirates NBD to start the process of taking annual lease payments directly out of tenants' bank accounts. Previously, big developer-landlords charged an extra cost to tenants who requested direct debit. This change also offers support for the UAE's proposal to decriminalize most components of a bounced check. This factor is projected to fuel the market growth of leasing during the forecast period in UAE.

New Players Entering Market Fueling the Market Growth

The UAE leasing market has been observing an increase in the number of market players over the past couple of years. For instance, in 2022, a new fintech startup was launched in UAE and Saudi Arabia markets, named Five FS. The company aims to offer customers free access to five financial services, including loans, mortgages, deposits, insurance, and leasing. Hence, this factor is anticipated to further boost the market growth during the forecast period.

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Market Segmentation

The UAE leasing market is segmented based on lease type, provider type, tenure period, end users, region, and competitional landscape. Based on lease type, the market is fragmented into commercial vehicle lease, heavy equipment lease, plant and machinery lease, real estate lease. Based on provider type, the market is segmented into financial companies vs non-financial companies. Based on tenure period, the market is segmented into less than 2 years, 2- 5 years, and more than 5 years. Based on end users, the market is further segmented into logistics/transport, FMCG, ecommerce, retail, industries, construction, government sector, others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Dubai, Abu Dhabi, Sharjah, and the rest of UAE.

MIR Segment1

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Company Profiles

Amlak Finance PJSC, GC Leasing Middle East FZCO, First Abu Dhabi Bank PJSC, Link Lease Equipment Rental LLC, SAMAA Finance, Diamondlease LLC, AVIS UAE Rent A Car CO.(LLC), Al-Futtaim Transport and Rental LLC, AWR Mobility L.L.C., LeasePlan are

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Lease Type

·         Provider Type

·         Tenure Period

·         End Users

·         Region

Regional Scope

Dubai, Abu Dhabi, Sharjah, Rest of MEA

Key Companies Profiled

Amlak Finance PJSC, GC Leasing Middle East FZCO, First Abu Dhabi Bank PJSC, Link Lease Equipment Rental LLC, SAMAA Finance, Diamondlease LLC, AVIS UAE Rent A Car CO.(LLC), Al-Futtaim Transport and Rental LLC, AWR Mobility L.L.C., LeasePlan

Customization Scope

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PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Table of Content

Table of content
1.    Service Overview

1.1.  Service Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.     Research Methodology

2.1.  Methodology Landscape

2.2.  Objective of the Study

2.3.  Baseline Methodology

2.4.  Formulation of the Scope

2.5.  Assumptions and Limitations

2.6.  Sources of Research

2.7.  Approach for the Market Study

2.8.  Methodology Followed for Calculation of Market Size & Market Shares

2.9.  Forecasting Methodology

3.     Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.     Voice of Customer

4.1.  Factors Influencing Decision Making

4.2.  Customer Satisfaction

4.3.  Brand Recall

5.    UAE Truck Leasing & Rental Market Outlook, 2019-2029F

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Vehicle Type Market Share Analysis (Light Duty Truck, Heavy Duty Truck, Medium Duty Truck)

5.2.2.    By End Use Market Share Analysis (Oil & Gas, Construction, Wholesale/Retail, Logistics, Mining, Others)

5.2.3.    By Booking Market Share Analysis (Online, Offline)

5.2.4.    By Regional Market Share Analysis

5.2.4.1. Dubai Market Share Analysis

5.2.4.2. Abu Dhabi Market Share Analysis

5.2.4.3. Sharjah Market Share Analysis

5.2.4.4. Rest of UAE Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others – By Value, 2023)

5.3.  UAE Truck Leasing & Rental Market Mapping & Opportunity Assessment

5.3.1.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.    By End Use Market Mapping & Opportunity Assessment

5.3.3.    By Booking Market Mapping & Opportunity Assessment

5.3.4.    By Region Market Mapping & Opportunity Assessment

6.    UAE Heavy Duty Truck Leasing & Rental Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By End Use Market Share Analysis

6.2.2.    By Booking Market Share Analysis

7.    UAE Light Duty Truck Leasing & Rental Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By End Use Market Share Analysis

7.2.2.    By Booking Market Share Analysis

8.    UAE Medium Duty Truck Leasing & Rental Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By End Use Market Share Analysis

8.2.2.    By Booking Market Share Analysis

9.    Truck Lease/ Rental Pricing Analysis

10.  Market Dynamics

10.1.  Drivers

10.2.  Challenges

11.  Market Trends and Developments

12.  Impact of COVID-19 on UAE Truck Leasing & Rental Market

13.  Policy and Regulatory Landscape

14.  UAE Economic Profile

15.  Competitive Landscape

15.1.  Company Profiles

15.1.1.  Cactus General Transport

15.1.1.1.      Company Details

15.1.1.2.      Key Service Offered

15.1.1.3.      Recent Developments

15.1.1.4.      Key Management Personnel

15.1.2.  Great Movers General Transport

15.1.2.1.      Company Details

15.1.2.2.      Key Service Offered

15.1.2.3.      Recent Developments

15.1.2.4.      Key Management Personnel

15.1.3.  Noor Ahmed Transports LLC

15.1.3.1.      Company Details

15.1.3.2.      Key Service Offered

15.1.3.3.      Recent Developments

15.1.3.4.      Key Management Personnel

15.1.4.  Frontline Logistics LLC

15.1.4.1.      Company Details

15.1.4.2.      Key Service Offered

15.1.4.3.      Recent Developments

15.1.4.4.      Key Management Personnel

15.1.5.  Trukkin Middle East FZ-LLC

15.1.5.1.      Company Details

15.1.5.2.      Key Service Offered

15.1.5.3.      Recent Developments

15.1.5.4.      Key Management Personnel

15.1.6.  Sand Dunes Transport LLC

15.1.6.1.      Company Details

15.1.6.2.      Key Service Offered

15.1.6.3.      Recent Developments

15.1.6.4.      Key Management Personnel

15.1.7.  Ahmed Alameri Transportation LLC

15.1.7.1.      Company Details

15.1.7.2.      Key Service Offered

15.1.7.3.      Recent Developments

15.1.7.4.      Key Management Personnel

15.1.8.  Convoy Heavy Equipment Rental

15.1.8.1.      Company Details

15.1.8.2.      Key Service Offered

15.1.8.3.      Recent Developments

15.1.8.4.      Key Management Personnel

15.1.9.  Shanawaz Group

15.1.9.1.      Company Details

15.1.9.2.      Key Service Offered

15.1.9.3.      Recent Developments

15.1.9.4.      Key Management Personnel

15.1.10.  Autobahn Car Rental LLC

15.1.10.1.    Company Details

15.1.10.2.    Key Service Offered

15.1.10.3.    Recent Developments

15.1.10.4.    Key Management Personnel

16.  Strategic Recommendations     

17.  About Us & Disclaimer

 

 

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