UAE Used Car Market to Grow with a CAGR of 6.05% through 2030
Rising demand for affordable mobility, increasing expatriate population,
and strong online vehicle trading platforms are the factors driving the market
in the forecast period 2026-2030.
According to TechSci Research report, “UAE Used Car Market – By Region, Competition, Opportunities and Forecast, 2020-2030F”,
The UAE Used Car Market was valued at USD 20.91 Billion in 2024 and is expected
to reach USD 29.75 Billion by 2030 with a CAGR of 6.05% during the forecast
period.
The UAE used car market is undergoing robust transformation driven by
shifting consumer preferences, technological advancements, and supportive
regulatory frameworks. With a population marked by high vehicle turnover rates
and a strong inclination toward quality mobility solutions, the market
continues to thrive. The appeal of used cars lies in their affordability,
availability of premium and luxury models at lower prices, and increasing trust
in certified pre-owned programs. A growing number of digital platforms and
marketplaces have revolutionized how consumers buy and sell used vehicles,
enabling convenient, transparent, and data-driven transactions.
Demand for used vehicles has also been supported by economic factors
such as population growth, particularly of expatriates who often prefer used
vehicles for short- to mid-term stays. Moreover, rising awareness of
depreciation in new car value has nudged many consumers toward the used car
segment. Environmental consciousness and the growing popularity of electric and
hybrid vehicles are reshaping inventory dynamics, with more listings for green
vehicles appearing on the market. This aligns with broader sustainability goals
and evolving buyer sentiments.
Looking ahead, the UAE used car market is expected to remain vibrant due
to continuous digital integration, flexible ownership options like leasing and
subscription models, and a strong re-export business that supports the movement
of vehicles across the region. Combined with Dubai’s and Abu Dhabi’s
infrastructure development and high-quality road networks, the market is set to
offer sustained growth opportunities across vehicle types, fuel categories, and
price segments.
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in-depth TOC on "UAE Used Car Market"
UAE Used Car Market Is Segmented by Vendor,
Vehicle Type, Sales Channel, and By Region.
In 2024, the UAE's used
car market witnessed a significant shift towards online sales channels,
emerging as the fastest-growing segment. This surge is attributed to the
increasing preference for digital platforms, offering consumers convenience,
transparency, and a broader selection of vehicles. The rise of online
marketplaces has been fueled by the country's high internet penetration rate,
which stood at over 95% by 2022 . These platforms have revolutionized the
car-buying experience, allowing users to browse extensive inventories, compare
prices, and complete transactions from the comfort of their homes. The
integration of advanced technologies, such as AI-driven recommendations and
virtual showrooms, has further enhanced user engagement and trust in online
purchases. Moreover, the availability of detailed vehicle histories, inspection
reports, and flexible financing options online has addressed traditional
concerns associated with used car buying, leading to increased consumer
confidence and a notable uptick in online sales.
Among the emirates, Sharjah
has emerged as the fastest-growing region in the used car market in 2024. This
growth is driven by Sharjah's strategic initiatives to improve business
infrastructure and its focus on becoming a hub for automotive trade. The
emirate's affordability compared to neighboring regions has attracted a
significant number of buyers seeking value-for-money deals. Additionally,
Sharjah's efforts to enhance its digital infrastructure have facilitated the
growth of online car sales, aligning with the broader national trend towards
digitalization in the automotive sector. The combination of these factors has
positioned Sharjah as a key player in the UAE's rapidly evolving used car
market.
Major Market Players
Operating in UAE Used Car Market Are:
- Al Nabooda Automobiles LLC
- Al-Futtaim group
- CARS 24
- Yalla Motors. com
- Alba Trading Fzc
- Arabian Automobiles Co Llc
- OpenSooq.com
- SellAnyCar.Com
- Al Tayer Motors
- Carswitch
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Environmental awareness is influencing purchase decisions in the used car market. Consumers are opting for fuel-efficient vehicles, hybrid models, or lower-emission engines. This shift is driving the resale value of eco-friendly vehicles and changing the demand structure. Dealers are responding by emphasizing emissions certifications and green vehicle labels. As sustainability becomes integral to lifestyle choices, this trend will continue shaping preferences, affecting both inventory planning and sales strategy across the used car ecosystem. As sustainability becomes integral to lifestyle choices, this trend will continue shaping preferences, affecting both inventory planning and sales strategy across the used car ecosystem. Demand for smaller, fuel-efficient engines is gradually reshaping inventory patterns. Green-conscious buyers are avoiding older, inefficient models despite lower prices. Resale of hybrid vehicles is gaining traction as buyers prioritize eco-credentials", said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“UAE Used Car Market By Vendor (Organized,
Unorganized), By Vehicle Type (Hatchback, Sedan, Sports Utility Vehicle (SUV),
Multi-Purpose Vehicles (MPVs)), By Sales Channel (Online, Offline), By Region, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the UAE Used Car Market.
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