UAE Truck Leasing & Rental Market to Grow with a CAGR of 9.44% Through 2030

The UAE truck market is poised for significant expansion, driven by economic growth, technological advancements, and evolving industry trends. By capitalizing on these drivers and addressing emerging opportunities, stakeholders in the truck market can look forward to sustained growth and development in the forecast period 2026-2030.

According to TechSci Research report, “UAE Truck Leasing & Rental Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”. The UAE truck leasing and rental market stood at USD 1116.50 million in terms of value in 2024, and it is projected to advance with a CAGR of 9.44% in the forecast period to reach USD 1918.29 million in the year 2030.

The UAE truck leasing and rental market is experiencing notable growth, driven by several key factors. The nation's focus on developing its infrastructure, particularly smart cities and expansive highways, has led to a surge in demand for heavy commercial vehicles. Government initiatives aimed at improving and expanding transportation networks continue to create an ideal environment for truck leasing services. This has a direct impact on the construction and logistics sectors, both of which are expanding rapidly in the country. As infrastructure projects increase, the need for leased and rented trucks to transport goods, materials, and machinery is expected to grow significantly in the coming years.

Economic diversification, a cornerstone of UAE's long-term strategy, has also spurred the growth of the truck leasing and rental market. As the country reduces its reliance on oil, industries such as logistics, manufacturing, and e-commerce have become vital contributors to economic activity. The e-commerce sector is experiencing rapid growth, driving the need for fast, efficient, and flexible delivery systems. This has led to increased demand for light-duty trucks and vans capable of supporting last-mile deliveries. Logistics companies are also expanding their fleets to meet growing transportation needs, further bolstering the truck leasing market. Additionally, businesses are adopting newer, more fuel-efficient trucks, ensuring that leased fleets meet the evolving demands of eco-conscious consumers and cost-effective operations.

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The UAE Truck Leasing & Rental Market is segmented into Vehicle, End Use, Booking, and Region.

In 2024, the logistics end-use segment recorded the fastest growth in the UAE truck leasing and rental market. The exponential rise in e-commerce and third‑party delivery demand led to a surge in leasing needs for short- and medium-haul transport. Urban delivery models and regional freight operations boosted utilization of light- and medium-duty trucks, valued for their maneuverability and cost-effectiveness. Commercial fleets increasingly leaned on flexible leasing arrangements to scale operations without high capital investment, enabling rapid seasonal or project-based expansion.

Strong growth in warehousing capacity and inter-emirate trade corridors fueled demand for rental vehicles tailored to cross-dock, parcel distribution, and cold-chain transport. Providers expanded medium- and heavy-duty offerings to support volume logistics, but leasing volumes remained highest in lighter vehicles suited to urban fulfillment models. Demand was particularly high for refrigerated and specialized logistics trucks serving retail and pharmaceutical sectors. Leasing firms responded with telematics-enabled and on-demand fleet services to meet tight service-level agreements.

Sharjah is emerged as the fastest-growing market in the UAE truck leasing and rental sector, driven by its strategic focus on industrial expansion and economic diversification. The emirate’s free zones, such as the Sharjah Airport International Free Zone and Hamriyah Free Zone, are attracting a growing number of small and medium-sized enterprises (SMEs). These businesses often prefer leasing trucks to reduce capital expenditure while maintaining operational efficiency. Sharjah's emphasis on fostering local manufacturing and exports is also increasing demand for trucks to facilitate the movement of goods between factories, ports, and distribution centers. Its well-connected transportation network, linking key industrial and residential areas, supports the need for efficient truck rental services, making the Emirates a hub for logistics-driven growth.

Major market players operating in the UAE Truck Leasing & Rental market are:

• Cactus General Transport
• Great Movers General Transport
• Noor Ahmed Transports LLC
• Frontline Logistics LLC
• Trukkin Middle East FZ-LLC
• Sand Dunes Transport LLC
• Ahmed Alameri Transportation LLC
• Convoy Heavy Equipment Rental
• Shanawaz Group
• Autobahn Car Rental LLC

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"The UAE truck leasing and rental market is growing rapidly, driven by the boom in e-commerce, smarter fleet technologies, and a strong push for greener transportation options. Leasing helps businesses stay flexible and manage costs by letting them scale up or down without owning a fleet. With big investments in infrastructure and trade, the truck rental industry is evolving fast," said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“UAE Truck Leasing & Rental Market –Segmented By Vehicle Type (Light Duty Truck, Heavy Duty Truck, Medium Duty Truck), By End Use (Oil & Gas, Construction, Wholesale/Retail, Logistics, Mining, Others), By Booking (Online, Offline), By Region, By Competition, 2020-2030F”, evaluates the future growth potential of UAE Truck Leasing & Rental market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the UAE Truck Leasing & Rental market.

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