UAE Luxury Car Market By Vehicle Type (Hatchback, Sedan, SUV/MPV), By Propulsion (ICE, Electric), By Price Segment (Entry Level, Mid-Range, and Premium-Range), By Region, Competition Forecast & Opportunities, 2027

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.

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:
• Hatchback
• Sedan
• SUV/MPV
• UAE Luxury Car Market, By Propulsion:
• ICE
• Electric
• 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]