The UAE luxury car market is
anticipated to grow at a robust CAGR in the forecast period, 2023-2027.
Changing consumer preferences from sedans to SUVs and the rise in the per
capita income of consumers are the primary driving factors for the UAE luxury
car market. Also, the expansion of the product portfolio by the market players
and the growing popularity of used luxury cars among consumers are expected to
create lucrative growth opportunities for the UAE luxury car market in the next
five years.
High Demand for Comfort and
Convenience Drives the Market Growth
Luxury vehicles can be defined
as passenger vehicles designed to provide passengers with improved comfort,
higher quality, advanced features, and a high level of equipment. 129.90
passenger cars were sold in UAE in 2020. They are available in different
categories, such as sports utility vehicles, minivans, sedans, and hatchbacks.
Luxury vehicles offer features like entertainment systems, integrated seat
massagers, and automatic safety features and are manufactured using
high-quality material to give an excellent finish to the interior and exterior
of the car. The increased demand for a comfortable riding experience among
consumers and the enhanced comfort offered to consumers are expected to bolster
the UAE luxury car market growth for the next five years.
Increasing Popularity of Used
Cars Fuel the Market Demand
Consumers have started to buy
used car luxury vehicles as they are affordable and are readily available. The
user can frequently change the luxury vehicles in search of better-performing
luxury vehicles. The availability of easy financing options in the market, low
entry costs, and annual maintenance costs accelerate the demand for used luxury
vehicles among consumers. Furthermore, the market players are adopting online
platforms the expansion of the consumer base and boost their sales. Due to high
internet penetration and the proliferation of smart devices, there is growing
popularity of e-commerce channels among consumers. The buyers can easily choose
between a number of options based on product specifications, price, color,
model, and brand and buy used luxury vehicles with ease. The high demand from
the online platforms for used luxury vehicles is expected to boost the UAE
luxury car market growth in the coming years.
Ongoing Advancements in
Technology Supports the High Market Demand
Market players are investing
hefty amounts in research and development activities to upgrade the existing
infrastructure and find innovative solutions to launch advanced versions of
luxury cars into the market. They are focusing on developing next-generation
technologies such as retina recognition, autonomous vehicles, and personal
vehicle recognition and integrating technologies like artificial intelligence,
machine learning, and internet of things technology to improve the performance
of electric luxury vehicles. The continuous evolution in technology enables
automobile manufacturers to introduce novel versions of luxury vehicles in the
market. The development of road infrastructure and growing consumer awareness
about the technology trends in the market are expected to propel the sales of
luxury vehicles equipped with attractive features for the forecast period.

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Market Segmentation
The UAE luxury car market is
segmented into vehicle
type, propulsion , price segment, regional distribution, and competitive landscape. Based on vehicle
type, the market is divided into hatchback, sedan, and SUV/MPV. Based on propulsion,
the market is bifurcated into ICE and electric. Based on price segment, the
market is divided into entry level, mid-range, and premium
range. To analyze the market based on the region, the UAE luxury
car market is studied in major regions namely Dubai, Abu Dhabi, Sharjah, and
Rest of the UAE.
Market Players
Rolls-Royce Motor Cars
Limited, BMW AG, Koenigsegg Automotive AB, Automobili Lamborghini S.p.A., W
Motors, Daimler AG, Volkswagen AG, Aston Martin Lagonda Limited, Ferrari
S.p.A., Automobiles Ettore Bugatti, are the major market players operating in
the UAE luxury car market.
Attribute
|
Details
|
Base Year
|
2021
|
Historic Data
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027
|
Report coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
Segments covered
|
·
Vehicle Type
·
Propulsion
·
Price
Segment
|
Regional scope
|
Dubai, Abu Dhabi, Sharjah, Rest of UAE
|
Key companies profiled
|
Rolls-Royce Motor Cars Limited, BMW AG, Koenigsegg
Automotive AB, Automobili Lamborghini S.p.A., W Motors, Daimler AG, Volkswagen
AG, Aston Martin Lagonda Limited, Ferrari S.p.A., Automobiles Ettore Bugatti
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, UAE luxury car
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- UAE Luxury Car
Market, By Vehicle Type:
- UAE Luxury Car Market, By Propulsion:
- UAE Luxury Car Market, By Price Segment:
- Entry Level
- Mid-Range
- Premium-Range
- UAE Luxury Car
Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE luxury car market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
UAE luxury car market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]