Press Release

UAE Pickup Trucks Market Set to Grow at CAGR 9% by 2022

Rapidly growing logistics industry coupled with expansion in construction, infrastructure, mining and tourism sectors to propel UAE light commercial vehicle market through 2022

According to TechSci Research report, “UAE Light Commercial Vehicle Market By Vehicle Type, By Fuel Type, By End Use, Competition Forecast & Opportunities, 2012 – 2022”, light commercial vehicle market in the UAE is projected to cross $ 2 billion by 2022 out of which Pickup trucks will lead the market with CAGR 9%. Growing demand for buses and vans for school students and staff transportation coupled with increasing use of pickup trucks in oil fields and construction industry is expected to fuel demand for light commercial vehicles in the country during the forecast period. Moreover, expanding travel & tourism sector, increasing penetration of Chinese players, and government initiatives towards boosting the adoption of electric buses are anticipated to thrive the UAE light commercial vehicle market over the coming years. 

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With a volume share of over 70%, pickup truck segment dominated the UAE light commercial vehicle market in 2016, on account of growing demand from oil fields and construction industry. Over the last few years, major automotive giants such as Toyota, Mitsubishi and Hyundai have widened their product offerings so as to increase their customer base in the country. Also, various Chinese automobile manufacturers have been entering into collaborations with local distributors in order to broaden their market presence in the UAE light commercial vehicle market.

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“Expanding infrastructure & construction sector coupled with growing transportation requirements in the country’s travel & tourism sector, educational institutions, corporates, etc., would continue to fuel demand for light commercial vehicles in the UAE in the ensuing years. Moreover, easy availability of financing and free maintenance offered by various distributors is expected to positively impact the light commercial vehicle demand in the country over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

UAE Light Commercial Vehicle Market By Vehicle Type, By Fuel Type, By End Use, Competition Forecast & Opportunities, 2012 – 2022” has analyzed the potential of light commercial vehicle market in the UAE, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the UAE light commercial vehicle market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Rapidly growing logistics industry coupled with expansion in construction, infrastructure, mining and tourism sectors to propel UAE light commercial vehicle market through 2022

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