Home » UAE Used Cars Market

UAE Used Cars Market By Vehicle Types (Sedans, SUVs (Sport Utility Vehicles), Hatchbacks, Luxury Cars, Sports Cars, Pickup Trucks, Vans and Minivans) By Vehicle Age and Mileage (Newer Models, Older Models) By Price Ranges (Budget-Friendly, Mid-Range, High-End Luxury) By Fuel Type (Gasoline, Diesel, Hybrid and Electric) By Transmission Type (Automatic, Manual) By Ownership History (Single-Owner Cars, Multiple-Owner Cars, Certified Pre-Owned (CPO) Cars, As-Is Cars) By Ownership Status (Private Sellers, Dealer-Owned Cars, Online Platforms) By Financing and Payment Methods (Cash Transactions, Financed Transactions) By Specialty Vehicles (Classic and Vintage Cars, Off-Road and 4×4 Vehicles, Modified and Customized Cars) – Growth, Future Prospects & Competitive Analysis, 2022 – 2030

Price: $1999

Published: | Report ID: 30790 | Report Format : PDF

Market Insights

  • The UAE demand for used cars was valued at USD 20154.5 million in 2022 and is expected to reach USD 48147.19 million in 2030, growing at a CAGR of 11.50% between 2023 and 2030.
  • SUVs (sport utility vehicles) are the leading segment by vehicle type. Luxury cars, on the other hand, are expected to grow at a strong CAGR.
  • The leading vehicle age and mileage segment is older models.
  • The CAGR for budget-friendly used cars is expected to be the highest during the projection period.
  • During the forecast time frame, the diesel category will likely have the highest CAGR.
  • The automatic transmission segment is estimated to have the greatest CAGR during the forecast period.
  • The single-owner cars segment will likely have the highest CAGR during the prediction period.
  • The most common ownership status classification is private sellers.
  • The financed transactions segment’s CAGR will be the top during the projected period.
  • The best speciality vehicles are classic and vintage cars.
  • The UAE used car industry is expanding because consumers can afford more expensive used cars due to higher disposable income, and reduced interest rates can facilitate financing and increase car sales.
  • Positive consumer attitude stimulates discretionary spending on used cars, and economic growth positively correlates with increasing consumer spending on used cars. These variables generate potential for the used car market in the United Arab Emirates.

UAE Used Cars Market

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Executive Summary

Market Definition

The buying and selling pre-owned cars inside the United Arab Emirates (UAE) is referred to as the used car market. It includes a range of used car-related transactions and activities, such as sales through dealerships, auctions, and private sales. Because of its prominence as a major commercial and tourism hub in the Middle East, the United Arab Emirates, especially Dubai and Abu Dhabi, have a vibrant and diverse used car market.

Market Overview

The market for UAE used cars has been expanding steadily in recent years, and between 2023 and 2030, it is anticipated to rise at a CAGR of 11.50%. The market was estimated to be worth USD 20154.5 million in 2022, and it is anticipated to be worth USD 48147.19 million in 2030.

The advent of hybrid and electric vehicles, the growth of the internet, the usage of e-commerce sites and applications to increase company demand, and other technological improvements have altered the buying stance of consumers in the UAE used car market. Online technologies are helping consumers learn more about the car, including its residual value, third-party profit margin, and other details.

Furthermore, people now have much better access to information due to fast urbanisation, increased internet connectivity, and advancements in the telecom industry. Used car owners in the UAE quickly use these elements to publicise and disseminate information about their automobiles. Due to this internet platform, more parties can now buy and sell cars, which has also smoothly expanded the sales process.

The supply side is more important in this market than the demand side. Transparency and knowledge have altered the dynamics and allowed the supply side to take advantage of customer intelligence, which will increase the demand for used cars in the United Arab Emirates in the future.

Segmentation by Vehicle Types

  • SUVs (sport utility vehicles) are the market leader by vehicle type. When it comes to safety, SUVs are a popular choice for people who value safety above all else because they frequently have sophisticated safety systems.
  • The luxury cars category is anticipated to exhibit a sizable CAGR during the projected period. Modern features found in luxury vehicles frequently include cutting-edge infotainment systems, connectivity options, and driver-assistance technologies.
  • Other vehicle types, such as sedans, hatchbacks, sports cars, pickup trucks, vans and minivans, also contribute to the demand for UAE used cars.

Segmentation by Vehicle Age and Mileage

  • The main vehicle age and mileage category is older models. In general, used older cars are less expensive than newer ones. This makes them desirable options for consumers on a tight budget, especially those who want to own a car without taking on a big financial load.
  • The newer models category will likely register a significant CAGR during forecasting. The demand for newer used cars can be influenced by interest rates and financing alternatives. Newer models might become more affordable for a wider variety of consumers through aggressive financing rates or exclusive manufacturer offers.

Segmentation by Price Ranges

  • The budget-friendly category is anticipated to experience the highest CAGR during the projection period. Compact automobiles, midsize sedans, and even some older SUV models are among the many affordable options in the used car sector. Because of this variety, buyers can locate a car that meets their needs and preferences while staying within their budget.
  • Other price ranges, such as mid-range and high-end luxury, also contributes to the demand for UAE used car.

Segmentation by Fuel Type

  • During the projection period, the diesel category will likely have the highest CAGR. Passenger cars frequently have diesel engines, especially in some countries where these automobiles are well-liked. The demand for diesel cars is influenced by consumer preferences, which are influenced by variables like torque and fuel economy.
  • Other fuel types, such as gasoline, hybrid, and electric, also contribute to the demand for UAE-used cars.

Segmentation by Transmission Type

  • Automatic transmission will be expected to have the foremost CAGR during the prediction period. Many kinds of cars, including sedans, SUVs, crossovers, trucks, and even certain sports cars, come with automatic transmissions.
  • Another transmission type, such as manual, also contributes to the demand for UAE-used cars.

Segmentation by Ownership History

  • Throughout the forecast duration, the category for single-owner cars is anticipated to have the greatest CAGR. Cars with a single owner usually have a more thorough and trustworthy maintenance and service history. It is more likely that the initial owner kept track of repairs and adhered to the suggested maintenance plan.
  • Other ownership history, such as multiple-owner cars, certified pre-owned (CPO) cars, and As-Is cars, also contribute to the demand for UAE used cars.

Segmentation by Ownership Status

  • The highest CAGR is anticipated for private sellers throughout estimation. Private sellers offer a wide variety of used cars, including rarer and older models that might not be as easily found at dealerships. This variety may draw in customers with certain preferences.
  • Other ownership statuses, such as dealer-owned cars and online platforms, also contribute to the demand for UAE used cars.

Segmentation by Financing And Payment Methods

  • Over the estimation period, financed transactions are expected to have the greatest CAGR. The simplicity of getting a car without needing to save up the full purchase price is made possible by financing. This is especially helpful for people who use a car for employment, commuting, or other necessities.
  • Other financing and payment methods, such as cash transactions, also contribute to the demand for UAE-used cars.

Segmentation by Specialty Vehicles

  • Over the estimated timeframe, the classic and vintage cars are anticipated to experience the highest CAGR. Many people value classic and vintage cars for their distinctive and classic designs. The artistry and beauty of these cars may entice enthusiasts and collectors.
  • Other speciality vehicles, such as off-road and 4×4 vehicles and modified and customized cars, also contribute to the demand for UAE used cars.

As high-speed internet is readily available at a reasonable cost, the United Arab Emirates leads the GCC in the percentage of internet users. In January 2022, there were 9.94 million internet users in the United Arab Emirates, and at the beginning of 2022, the internet penetration rate was 99.0 per cent of the total population. To give their customers a simple and hassle-free experience, players have been incentivized to switch from offline businesses to online business models.

Many independent and multi-brand dealerships are anticipated to build their web presence to compete in the online used car industry. While some dealerships still advertise their used car inventory on online markets, others are investing in their websites and Instagram pages. Companies now operating online as used car dealers include AL-FUTTAIM UAE, ALBA CARS UAE, AUTO DEALS UAE, and Cars 24 UAE. Furthermore, platforms for used cars are probably going to concentrate on creating a transactional marketplace so that people can conduct end-to-end transactions entirely online from the comfort of their homes, eliminating the need to visit showrooms.

Key Highlights of the Report

The UAE used car market is segmented by vehicle types, vehicle age and mileage, price ranges, fuel type, transmission type, ownership history, ownership status, financing and payment methods, and specialty vehicles. Regarding the vehicle type, SUVs (sport utility vehicles) are the market spearhead. Older models are the top vehicle age and mileage segment. During the forecast period, the budget-friendly used car category is expected to grow at the highest CAGR. The diesel category is anticipated to experience the highest CAGR during the forecast period.

An increasing number of foreign and local authorised vehicle dealers are entering the market due to the nation’s youth’s growing car demand. Additionally, the country’s rising expat community and the active used car market, which has been boosted by the current technological advancements that have made internet tools easier to use, would likely further boost market growth over the forecast period. As of July 2021, for example, the population of the United Arab Emirates is anticipated to consist of 88.6% expats. Most foreigners residing in the United Arab Emirates do so for a set period until their work contract expires. Because of this, these foreigners would much rather purchase a pre-owned car than shell out astronomical sums of money for a brand-new one, leading to a rise in the demand for used cars.

Due to the abundance of readily available used car financing and loans, as well as the high population density of these provinces, Dubai, Sharjah, Abu Dhabi, and other areas are anticipated to play a significant role in the growth of the UAE used car market in the years to come.

Which Key Factors Are Driving The UAE Used Car Market?

The adoption of autonomous features may influence consumer decisions, and technological advances may increase the dependability of used cars, driving the expansion of the used car market in the United Arab Emirates.

What Are The Key Challenges In The UAE Market For Used Cars?

The growth of the UAE used car market is impeded by several challenges, including the limited availability of used cars and the high cost of insurance.

What Market Opportunities Exist For UAE Used Car?

The market is made more favourable by online platforms’ ability to expedite the purchasing and selling process, advancements in battery technology that affect the feasibility of electric vehicles, and potential demand for cars with sophisticated safety features. These factors create significant opportunities for the UAE used car market.

Market Drivers

Several factors influence the market for UAE-used cars. The main factors influencing the market for UAE used cars are as follows:

Increased Demand from Franchises, Leasing Companies, and Auto Dealers for Off-Lease Vehicles and Subscription Services

The factors driving the expansion of the used car dealership industry in the United Arab Emirates include the heightened rivalry in the market and the potential risk of new entrants. Customers’ perceptions of the used car industry have shifted due to the dependable and superior add-on services and quality. Moreover, franchised dealers stand to gain a great deal from the expansion of the used car market in the United Arab Emirates due to the assistance of OEM participation in marketing and certification initiatives, online inventory pooling, and access to high-quality contracts. In recent years, there has also been an increase in the demand for car subscription services, which let users use a car every month in exchange for payments that cover maintenance, insurance, and roadside assistance. Additionally, consumers can trade in or sell their old car for a new one due to the quick advancement of technology and the frequent release of new car models. The value-for-money advantage is driving the growth of the used car market in the United Arab Emirates in the upcoming years.

Market Restraints

Several challenges could prevent the expansion of the UAE market for used cars. Among them are the following:

High Price of Used Cars

The United Arab Emirates (UAE) used car market expansion may be significantly hindered by the high cost of used cars. The UAE’s used car market is rather tiny compared to certain other nations. There might be a shortage of high-quality used cars, which would raise costs. In the UAE, luxury cars are very common, and their value usually decreases more slowly than regular cars. Because of this, even old luxury vehicles may come with hefty price tags, rendering them unaffordable for a larger range of people. Used cars are subject to import taxes and charges in the United Arab Emirates. Customers may find a used car more expensive overall due to these extra expenses, which can mount up.

Opportunities

The UAE market for used cars presents significant potential opportunities. The following is an example of these:

Promotion of Sustainable and Fuel-Efficient Vehicles

Encouraging eco-friendly and fuel-efficient cars in the UAE’s used car industry might lead to big business prospects. Growing public knowledge of environmental issues is facilitated by the increased promotion of fuel-efficient and environmentally friendly automobiles. There might be an increase in demand for used cars that consider environmental factors as more people become aware of their environmental impact. The UAE government has demonstrated a desire to support eco-friendly transport and other sustainable practices. Demand in the used car market can be increased by incentivising buyers of used electric or hybrid cars, such as tax reductions or subsidies. Sustainable vehicle promotion can be facilitated by partnering with green projects, environmental organisations, and sustainability-focused events. In the UAE’s used car market, these collaborations may raise awareness as well as interest in electric and fuel-efficient cars.

Competitive Landscape

UAE Used Cars Market Report

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Key Players

The UAE market for used cars is very competitive, with many powerful players. Some of the leading market participants and their corresponding market shares are listed below:

  • 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
  • Others

These companies prioritise mergers and acquisitions, expanding their distribution network, and developing new products to remain competitive.

The leading competitors in the UAE market for used cars are constantly looking for ways to get an advantage by releasing new items and advancements.

In February 2022, Car enthusiasts in the United Arab Emirates may now buy and sell cars in as little as 30 minutes after downloading AI-enabled software introduced by the renowned online platform Cars24. Clients can monitor additional features, including the engine, steering, and tyres, and compute monthly instalments. This is one of the most sophisticated platforms available for customers to get auto financing, insurance, maintenance, and other essential services.

In November 2021, Dubai-based SellAnyCar.com plans to launch Carnab.com as part of an investment of USD 122 million to grow its consumer sector in the area. New funding for SellAnyCar.com came from Kuwait-based Gulf Investment Corp., Riyadh-based Olayan Financing Co., and Sanabil Investments, a wholly-owned subsidiary of Saudi Arabia’s Public Investment Fund. Along with product line expansion, SellAnyCar.com plans to use the cash to launch BuyAnyCar.com, which will enable customers to sell to customers in the United Arab Emirates.

Summary of Key Findings

  • The UAE used car market continues to grow due to cultural variables affecting vehicle types and brand preferences and urban lifestyle trends affecting the demand for particular vehicle types.
  • The market is segmented by vehicle types, vehicle age and mileage, price ranges, fuel type, transmission type, ownership history, ownership status, financing and payment methods, and specialty vehicles.
  • Sport utility vehicles, or SUVs, are the most preferred vehicles in the market.
  • Older models are the most common in terms of vehicle age and mileage.
  • Regarding CAGR, budget-friendly used car is expected to grow fastest during the forecast period.
  • The categories for classic and vintage cars will likely see the highest CAGR during the anticipated time frame.
  • The UAE used car market is highly competitive with key players including 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, and others.

Future Outlook

  • Optimistic viewpoint for the used car industry with noteworthy growth potential in the UAE.
  • The promotion of environmentally friendly and fuel-efficient cars is one of the main elements driving the expansion of the used car market in the United Arab Emirates.
  • The used car industry is governed by various strict laws put in place by the UAE government. The complexity and time required to comply with these requirements can challenge firms. This factor restrains the growth of the market.
  • Foremost companies must concentrate on product innovation, expanding their market reach, and maintaining competitive pricing to stay ahead.

Segmentation

  • By Vehicle Types
    • Sedans
    • SUVs (Sport Utility Vehicles)
    • Hatchbacks
    • Luxury Cars
    • Sports Cars
    • Pickup Trucks
    • Vans and Minivans
  • By Vehicle Age and Mileage
    • Newer Models
    • Older Models
  • By Price Ranges
    • Budget-Friendly
    • Mid-Range
    • High-End Luxury
  • By Fuel Type
    • Gasoline
    • Diesel
    • Hybrid and Electric
  • By Transmission Type
    • Automatic
    • Manual
  • By Ownership History
    • Single-Owner Cars
    • Multiple-Owner Cars
    • Certified Pre-Owned (CPO) Cars
    • As-Is Cars
  • By Ownership Status
    • Private Sellers
    • Dealer-Owned Cars
    • Online Platforms
  • By Financing and Payment Methods
    • Cash Transactions
    • Financed Transactions
  • By Specialty Vehicles
    • Classic and Vintage Cars
    • Off-Road and 4×4 Vehicles
    • Modified and Customized Cars

Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Market Introduction
2. Executive Summary
2.1. Market Snapshot: UAE Used Car Market
2.1.1. UAE Used Car Market, By Vehicle Types
2.1.2. UAE Used Car Market, By Vehicle Age and Mileage
2.1.3. UAE Used Car Market, By Price Ranges
2.1.4. UAE Used Car Market, By Fuel Type
2.1.5. UAE Used Car Market, By Transmission Type
2.1.6. UAE Used Car Market, By Ownership History
2.1.7. UAE Used Car Market, By Ownership Status
2.1.8. UAE Used Car Market, By Financing and Payment Methods
2.1.9. UAE Used Car Market, By Specialty Vehicles
2.2. Insights from Primary Respondents
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. UAE Used Car Market Value, 2017-2030, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Used Car Market Drivers
3.2.2. Used Car Market Restraints
3.2.3. Used Car Market Opportunities
3.2.4. Major Used Car Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Vehicle Types
3.5.2. Vehicle Age and Mileage
3.5.3. Price Ranges
3.5.4. Fuel Type
3.5.5. Transmission Type
3.5.6. Ownership History
3.5.7. Ownership Status
3.5.8. Financing and Payment Methods
3.5.9. Specialty Vehicles
4. Market Competitive Landscape Analysis
4.1. Company Market Share Analysis, 2022
4.1.1. UAE Used Car Market: Company Market Share, Value 2022
4.1.2. UAE Used Car Market: Top 6 Company Market Share, Value 2022
4.1.3. UAE Used Car Market: Top 3 Company Market Share, Value 2022
4.2. UAE Used Car Market: Company Revenue Share Analysis, 2022
4.3. Company Assessment Metrics, 2022
4.3.1. Stars
4.3.2. Emerging Leaders
4.3.3. Pervasive Players
4.3.4. Participants
4.4. Startups/ SMEs Assessment Metrics, 2022
4.4.1. Progressive Companies
4.4.2. Responsive Companies
4.4.3. Dynamic Companies
4.4.4. Starting Blocks
4.5. Strategic Development
4.5.1. Acquisition and Mergers
4.5.2. New Product Launch
4.5.3. Regional Expansion
4.5.4. Partnerships
4.6. Key Player Product Matrix
4.7. Potential for New Players in the UAE Used Car Market
5. Premium Insights
5.1. STAR (Situation, Task, Action, Results) Analysis
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Bargaining Power of Buyers/Consumers
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of Substitute Types
5.2.5. Intensity of Competitive Rivalry
5.3. PESTEL Analysis
5.3.1. Political Factors
5.3.2. Economic Factors
5.3.3. Social Factors
5.3.4. Technological Factors
5.3.5. Environmental Factors
5.3.6. Legal Factors
5.4. Key Market Trends
5.4.1. Demand Side Trends
5.4.2. Supply Side Trends
5.5. Value Chain Analysis
5.6. Technology Analysis
5.6.1. Research and development in the UAE market
5.6.2. Patent Analysis
5.6.3. Emerging technologies and their potential disruption to the market
5.7. Consumer Behaviour Analysis
5.7.1. Consumer Preferences and Expectations
5.7.2. Factors Influencing Consumer Buying Decisions
5.7.3. Consumer Pain Points
5.8. Analysis and Recommendations
5.9. Adjacent Market Analysis
6. Market Positioning of Key Players, 2022
6.1. Company market share of key players, 2022
6.2. Competitive Benchmarking
6.3. Market Positioning of Key Vendors
6.4. Geographical Presence Analysis
6.5. Major Strategies Adopted by Key Players
6.5.1. Key Strategies Analysis
6.5.2. Mergers and Acquisitions
6.5.3. Partnerships
6.5.4. Product Launch
6.5.5. Geographical Expansion
6.5.6. Others
7. Impact Analysis of COVID 19 and Russia – Ukraine War on UAE Used Car Market
7.1. Ukraine-Russia War Impact
7.1.1. Uncertainty and Economic Instability
7.1.2. Supply chain disruptions
7.1.3. Regional market shifts
7.1.4. Shift in government priorities
7.2. COVID-19 Impact Analysis
7.2.1. Supply Chain Disruptions
7.2.2. Demand Fluctuations
7.2.3. Shift in Product Mix
7.2.4. Reduced Industrial Activity
7.2.5. Impact Analysis
7.2.5.1. UAE
8. UAE Used Car Market, By Vehicle Types
8.1. UAE Used Car Market Overview, by Vehicle Types
8.1.1. UAE Used Car Market Revenue Share, By Vehicle Types, 2022 Vs 2030 (in %)
8.2. Sedans
8.2.1. UAE Used Car Market, By Sedans, 2017-2030 (US$ Mn)
8.2.2. Market Dynamics for Sedans
8.2.2.1. Drivers
8.2.2.2. Restraints
8.2.2.3. Opportunities
8.2.2.4. Trends
8.3. SUVs (Sport Utility Vehicles)
8.3.1. UAE Used Car Market, By SUVs (Sport Utility Vehicles), 2017-2030 (US$ Mn)
8.3.2. Market Dynamics for SUVs (Sport Utility Vehicles)
8.3.2.1. Drivers
8.3.2.2. Restraints
8.3.2.3. Opportunities
8.3.2.4. Trends
8.4. Hatchbacks
8.4.1. UAE Used Car Market, By Hatchbacks, 2017-2030 (US$ Mn)
8.4.2. Market Dynamics for Hatchbacks
8.4.2.1. Drivers
8.4.2.2. Restraints
8.4.2.3. Opportunities
8.4.2.4. Trends
8.5. Luxury Cars
8.5.1. UAE Used Car Market, By Luxury Cars, 2017-2030 (US$ Mn)
8.5.2. Market Dynamics for Luxury Cars
8.5.2.1. Drivers
8.5.2.2. Restraints
8.5.2.3. Opportunities
8.5.2.4. Trends
8.6. Sports Cars
8.6.1. UAE Used Car Market, By Sports Cars, 2017-2030 (US$ Mn)
8.6.2. Market Dynamics for Sports Cars
8.6.2.1. Drivers
8.6.2.2. Restraints
8.6.2.3. Opportunities
8.6.2.4. Trends
8.7. Pickup Trucks
8.7.1. UAE Used Car Market, By Pickup Trucks, 2017-2030 (US$ Mn)
8.7.2. Market Dynamics for Pickup Trucks
8.7.2.1. Drivers
8.7.2.2. Restraints
8.7.2.3. Opportunities
8.7.2.4. Trends
8.8. Vans and Minivans
8.8.1. UAE Used Car Market, By Vans and Minivans, 2017-2030 (US$ Mn)
8.8.2. Market Dynamics for Vans and Minivans
8.8.2.1. Drivers
8.8.2.2. Restraints
8.8.2.3. Opportunities
8.8.2.4. Trends
9. UAE Used Car Market, By Vehicle Age and Mileage
9.1. UAE Used Car Market Overview, by Vehicle Age and Mileage
9.1.1. UAE Used Car Market Revenue Share, By Vehicle Age and Mileage, 2022 Vs 2030 (in %)
9.2. Newer Models
9.2.1. UAE Used Car Market, By Newer Models, 2017-2030 (US$ Mn)
9.2.2. Market Dynamics for Newer Models
9.2.2.1. Drivers
9.2.2.2. Restraints
9.2.2.3. Opportunities
9.2.2.4. Trends
9.3. Older Models
9.3.1. UAE Used Car Market, By Older Models, 2017-2030 (US$ Mn)
9.3.2. Market Dynamics for Older Models
9.3.2.1. Drivers
9.3.2.2. Restraints
9.3.2.3. Opportunities
9.3.2.4. Trends
10. UAE Used Car Market, By Price Ranges
10.1. UAE Used Car Market Overview, by Price Ranges
10.1.1. UAE Used Car Market Revenue Share, By Price Ranges, 2022 Vs 2030 (in %)
10.2. Budget-Friendly
10.2.1. UAE Used Car Market, By Budget-Friendly, 2017-2030 (US$ Mn)
10.2.2. Market Dynamics for Budget-Friendly
10.2.2.1. Drivers
10.2.2.2. Restraints
10.2.2.3. Opportunities
10.2.2.4. Trends
10.3. Mid-Range
10.3.1. UAE Used Car Market, By Mid-Range, 2017-2030 (US$ Mn)
10.3.2. Market Dynamics for Mid-Range
10.3.2.1. Drivers
10.3.2.2. Restraints
10.3.2.3. Opportunities
10.3.2.4. Trends
10.4. High-End Luxury
10.4.1. UAE Used Car Market, By High-End Luxury, 2017-2030 (US$ Mn)
10.4.2. Market Dynamics for High-End Luxury
10.4.2.1. Drivers
10.4.2.2. Restraints
10.4.2.3. Opportunities
10.4.2.4. Trends
11. UAE Used Car Market, By Fuel Type
11.1. UAE Used Car Market Overview, by Fuel Type
11.1.1. UAE Used Car Market Revenue Share, By Fuel Type, 2022 Vs 2030 (in %)
11.2. Gasoline
11.2.1. UAE Used Car Market, By Gasoline, 2017-2030 (US$ Mn)
11.2.2. Market Dynamics for Gasoline
11.2.2.1. Drivers
11.2.2.2. Restraints
11.2.2.3. Opportunities
11.2.2.4. Trends
11.3. Diesel
11.3.1. UAE Used Car Market, By Diesel, 2017-2030 (US$ Mn)
11.3.2. Market Dynamics for Diesel
11.3.2.1. Drivers
11.3.2.2. Restraints
11.3.2.3. Opportunities
11.3.2.4. Trends
11.4. Hybrid and Electric
11.4.1. UAE Used Car Market, By Hybrid and Electric, 2017-2030 (US$ Mn)
11.4.2. Market Dynamics for Hybrid and Electric
11.4.2.1. Drivers
11.4.2.2. Restraints
11.4.2.3. Opportunities
11.4.2.4. Trends
12. UAE Used Car Market, By Transmission Type
12.1. UAE Used Car Market Overview, by Transmission Type
12.1.1. UAE Used Car Market Revenue Share, By Transmission Type, 2022 Vs 2030 (in %)
12.2. Automatic
12.2.1. UAE Used Car Market, By Automatic, 2017-2030 (US$ Mn)
12.2.2. Market Dynamics for Automatic
12.2.2.1. Drivers
12.2.2.2. Restraints
12.2.2.3. Opportunities
12.2.2.4. Trends
12.3. Manual
12.3.1. UAE Used Car Market, By Manual, 2017-2030 (US$ Mn)
12.3.2. Market Dynamics for Manual
12.3.2.1. Drivers
12.3.2.2. Restraints
12.3.2.3. Opportunities
12.3.2.4. Trends
13. UAE Used Car Market, By Ownership History
13.1. UAE Used Car Market Overview, by Ownership History
13.1.1. UAE Used Car Market Revenue Share, By Ownership History, 2022 Vs 2030 (in %)
13.2. Single-Owner Cars
13.2.1. UAE Used Car Market, By Single-Owner Cars, 2017-2030 (US$ Mn)
13.2.2. Market Dynamics for Single-Owner Cars
13.2.2.1. Drivers
13.2.2.2. Restraints
13.2.2.3. Opportunities
13.2.2.4. Trends
13.3. Multiple-Owner Cars
13.3.1. UAE Used Car Market, By Multiple-Owner Cars, 2017-2030 (US$ Mn)
13.3.2. Market Dynamics for Multiple-Owner Cars
13.3.2.1. Drivers
13.3.2.2. Restraints
13.3.2.3. Opportunities
13.3.2.4. Trends
13.4. Certified Pre-Owned (CPO) Cars
13.4.1. UAE Used Car Market, By Certified Pre-Owned (CPO) Cars, 2017-2030 (US$ Mn)
13.4.2. Market Dynamics for Certified Pre-Owned (CPO) Cars
13.4.2.1. Drivers
13.4.2.2. Restraints
13.4.2.3. Opportunities
13.4.2.4. Trends
13.5. As-Is Cars
13.5.1. UAE Used Car Market, By As-Is Cars, 2017-2030 (US$ Mn)
13.5.2. Market Dynamics for As-Is Cars
13.5.2.1. Drivers
13.5.2.2. Restraints
13.5.2.3. Opportunities
13.5.2.4. Trends
14. UAE Used Car Market, By Ownership Status
14.1. UAE Used Car Market Overview, by Ownership Status
14.1.1. UAE Used Car Market Revenue Share, By Ownership Status, 2022 Vs 2030 (in %)
14.2. Private Sellers
14.2.1. UAE Used Car Market, By Private Sellers, 2017-2030 (US$ Mn)
14.2.2. Market Dynamics for Private Sellers
14.2.2.1. Drivers
14.2.2.2. Restraints
14.2.2.3. Opportunities
14.2.2.4. Trends
14.3. Dealer-Owned Cars
14.3.1. UAE Used Car Market, By Dealer-Owned Cars, 2017-2030 (US$ Mn)
14.3.2. Market Dynamics for Dealer-Owned Cars
14.3.2.1. Drivers
14.3.2.2. Restraints
14.3.2.3. Opportunities
14.3.2.4. Trends
14.4. Online Platforms
14.4.1. UAE Used Car Market, By Online Platforms, 2017-2030 (US$ Mn)
14.4.2. Market Dynamics for Online Platforms
14.4.2.1. Drivers
14.4.2.2. Restraints
14.4.2.3. Opportunities
14.4.2.4. Trends
15. UAE Used Car Market, By Financing and Payment Methods
15.1. UAE Used Car Market Overview, by Financing and Payment Methods
15.1.1. UAE Used Car Market Revenue Share, By Financing and Payment Methods, 2022 Vs 2030 (in %)
15.2. Cash Transactions
15.2.1. UAE Used Car Market, By Cash Transactions, 2017-2030 (US$ Mn)
15.2.2. Market Dynamics for Cash Transactions
15.2.2.1. Drivers
15.2.2.2. Restraints
15.2.2.3. Opportunities
15.2.2.4. Trends
15.3. Financed Transactions
15.3.1. UAE Used Car Market, By Financed Transactions, 2017-2030 (US$ Mn)
15.3.2. Market Dynamics for Financed Transactions
15.3.2.1. Drivers
15.3.2.2. Restraints
15.3.2.3. Opportunities
15.3.2.4. Trends
16. UAE Used Car Market, By Specialty Vehicles
16.1. UAE Used Car Market Overview, by Specialty Vehicles
16.1.1. UAE Used Car Market Revenue Share, By Specialty Vehicles, 2022 Vs 2030 (in %)
16.2. Classic and Vintage Cars
16.2.1. UAE Used Car Market, By Classic and Vintage Cars, 2017-2030 (US$ Mn)
16.2.2. Market Dynamics for Classic and Vintage Cars
16.2.2.1. Drivers
16.2.2.2. Restraints
16.2.2.3. Opportunities
16.2.2.4. Trends
16.3. Off-Road and 4×4 Vehicles
16.3.1. UAE Used Car Market, By Off-Road and 4×4 Vehicles, 2017-2030 (US$ Mn)
16.3.2. Market Dynamics for Off-Road and 4×4 Vehicles
16.3.2.1. Drivers
16.3.2.2. Restraints
16.3.2.3. Opportunities
16.3.2.4. Trends
16.4. Modified and Customized Cars
16.4.1. UAE Used Car Market, By Modified and Customized Cars, 2017-2030 (US$ Mn)
16.4.2. Market Dynamics for Modified and Customized Cars
16.4.2.1. Drivers
16.4.2.2. Restraints
16.4.2.3. Opportunities
16.4.2.4. Trends
17. Company Profiles
17.1. Al Nabooda Automobiles LLC
17.1.1. Company Overview
17.1.2. Products/Services Portfolio
17.1.3. Geographical Presence
17.1.4. SWOT Analysis
17.1.5. Financial Summary
17.1.5.1. Market Revenue and Net Profit (2019-2022)
17.1.5.2. Business Segment Revenue Analysis
17.1.5.3. Geographical Revenue Analysis
17.2. Al-Futtaim group
17.3. CARS 24
17.4. Yalla Motors.Com
17.5. ALBA TRADING FZC
17.6. ARABIAN AUTOMOBILES CO LLC
17.7. OpenSooq.com
17.8. SellAnyCar.Com
17.9. Al Tayer Motors
17.10. Carswitch
17.11. Others
18. Research Methodology
18.1. Research Methodology
18.2. Phase I – Secondary Research
18.3. Phase II – Data Modelling
18.3.1. Company Share Analysis Model
18.3.2. Revenue Based Modelling
18.4. Phase III – Primary Research
18.5. Research Limitations
18.5.1. Assumptions

List of Figures
FIG. 1 UAE Used Car Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 UAE Used Car Market Segmentation
FIG. 4 UAE Used Car Market, by Vehicle Types, 2022 (US$ Mn)
FIG. 5 UAE Used Car Market, by Vehicle Age and Mileage, 2022 (US$ Mn)
FIG. 6 UAE Used Car Market, by Price Ranges, 2022 (US$ Mn)
FIG. 7 UAE Used Car Market, by Fuel Type, 2022 (US$ Mn)
FIG. 8 UAE Used Car Market, by Transmission Type, 2022 (US$ Mn)
FIG. 9 UAE Used Car Market, by Ownership History, 2022 (US$ Mn)
FIG. 10 UAE Used Car Market, by Ownership Status, 2022 (US$ Mn)
FIG. 11 UAE Used Car Market, by Financing and Payment Methods, 2022 (US$ Mn)
FIG. 12 UAE Used Car Market, by Specialty Vehicles, 2022 (US$ Mn)
FIG. 13 Attractive Investment Proposition, by Vehicle Types, 2022
FIG. 14 Attractive Investment Proposition, by Vehicle Age and Mileage, 2022
FIG. 15 Attractive Investment Proposition, by Price Ranges, 2022
FIG. 16 Attractive Investment Proposition, by Fuel Type, 2022
FIG. 17 Attractive Investment Proposition, by Transmission Type, 2022
FIG. 18 Attractive Investment Proposition, by Ownership History, 2022
FIG. 19 Attractive Investment Proposition, by Ownership Status, 2022
FIG. 20 Attractive Investment Proposition, by Financing and Payment Methods, 2022
FIG. 21 Attractive Investment Proposition, by Specialty Vehicles, 2022
FIG. 22 UAE Market Share Analysis of Key Used Car Market Manufacturers, 2022
FIG. 23 UAE Market Positioning of Key Used Car Market Manufacturers, 2022
FIG. 24 UAE Used Car Market Value Contribution, By Vehicle Types, 2022 & 2030 (Value %)
FIG. 25 UAE Used Car Market, by Sedans, Value, 2017-2030 (US$ Mn)
FIG. 26 UAE Used Car Market, by SUVs (Sport Utility Vehicles), Value, 2017-2030 (US$ Mn)
FIG. 27 UAE Used Car Market, by Hatchbacks, Value, 2017-2030 (US$ Mn)
FIG. 28 UAE Used Car Market, by Luxury Cars, Value, 2017-2030 (US$ Mn)
FIG. 29 UAE Used Car Market, by Sports Cars, Value, 2017-2030 (US$ Mn)
FIG. 30 UAE Used Car Market, by Pickup Trucks, Value, 2017-2030 (US$ Mn)
FIG. 31 UAE Used Car Market, by Vans and Minivans, Value, 2017-2030 (US$ Mn)
FIG. 32 UAE Used Car Market Value Contribution, By Vehicle Age and Mileage, 2022 & 2030 (Value %)
FIG. 33 UAE Used Car Market, by Newer Models, Value, 2017-2030 (US$ Mn)
FIG. 34 UAE Used Car Market, by Older Models, Value, 2017-2030 (US$ Mn)
FIG. 35 UAE Used Car Market Value Contribution, By Price Ranges, 2022 & 2030 (Value %)
FIG. 36 UAE Used Car Market, by Budget-Friendly, Value, 2017-2030 (US$ Mn)
FIG. 37 UAE Used Car Market, by Mid-Range, Value, 2017-2030 (US$ Mn)
FIG. 38 UAE Used Car Market, by High-End Luxury, Value, 2017-2030 (US$ Mn)
FIG. 39 UAE Used Car Market Value Contribution, By Fuel Type, 2022 & 2030 (Value %)
FIG. 40 UAE Used Car Market, by Gasoline, Value, 2017-2030 (US$ Mn)
FIG. 41 UAE Used Car Market, by Diesel, Value, 2017-2030 (US$ Mn)
FIG. 42 UAE Used Car Market, by Hybrid and Electric, Value, 2017-2030 (US$ Mn)
FIG. 43 UAE Used Car Market Value Contribution, By Transmission Type, 2022 & 2030 (Value %)
FIG. 44 UAE Used Car Market, by Automatic, Value, 2017-2030 (US$ Mn)
FIG. 45 UAE Used Car Market, by Manual, Value, 2017-2030 (US$ Mn)
FIG. 46 UAE Used Car Market Value Contribution, By Ownership History, 2022 & 2030 (Value %)
FIG. 47 UAE Used Car Market, by Single-Owner Cars, Value, 2017-2030 (US$ Mn)
FIG. 48 UAE Used Car Market, by Multiple-Owner Cars, Value, 2017-2030 (US$ Mn)
FIG. 49 UAE Used Car Market, by Certified Pre-Owned (CPO) Cars, Value, 2017-2030 (US$ Mn)
FIG. 50 UAE Used Car Market, by As-Is Cars, Value, 2017-2030 (US$ Mn)
FIG. 51 UAE Used Car Market Value Contribution, By Ownership Status, 2022 & 2030 (Value %)
FIG. 52 UAE Used Car Market, by Private Sellers, Value, 2017-2030 (US$ Mn)
FIG. 53 UAE Used Car Market, by Dealer-Owned Cars, Value, 2017-2030 (US$ Mn)
FIG. 54 UAE Used Car Market, by Online Platforms, Value, 2017-2030 (US$ Mn)
FIG. 55 UAE Used Car Market Value Contribution, By Financing and Payment Methods, 2022 & 2030 (Value %)
FIG. 56 UAE Used Car Market, by Cash Transactions, Value, 2017-2030 (US$ Mn)
FIG. 57 UAE Used Car Market, by Financed Transactions, Value, 2017-2030 (US$ Mn)
FIG. 58 UAE Used Car Market Value Contribution, By Specialty Vehicles, 2022 & 2030 (Value %)
FIG. 59 UAE Used Car Market, by Classic and Vintage Cars, Value, 2017-2030 (US$ Mn)
FIG. 60 UAE Used Car Market, by Off-Road and 4×4 Vehicles, Value, 2017-2030 (US$ Mn)
FIG. 61 UAE Used Car Market, by Modified and Customized Cars, Value, 2017-2030 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: UAE Used Car Market
TABLE 2 UAE Used Car Market: Market Drivers Impact Analysis
TABLE 3 UAE Used Car Market: Market Restraints Impact Analysis
TABLE 4 UAE Used Car Market, by Competitive Benchmarking, 2022
TABLE 5 UAE Used Car Market, by Geographical Presence Analysis, 2022
TABLE 6 UAE Used Car Market, by Key Strategies Analysis, 2022
TABLE 7 UAE Used Car Market, by Sedans, 2017-2022 (US$ Mn)
TABLE 8 UAE Used Car Market, by Sedans, 2023-2030 (US$ Mn)
TABLE 9 UAE Used Car Market, by SUVs (Sport Utility Vehicles), 2017-2022 (US$ Mn)
TABLE 10 UAE Used Car Market, by SUVs (Sport Utility Vehicles), 2023-2030 (US$ Mn)
TABLE 11 UAE Used Car Market, by Hatchbacks, 2017-2022 (US$ Mn)
TABLE 12 UAE Used Car Market, by Hatchbacks, 2023-2030 (US$ Mn)
TABLE 13 UAE Used Car Market, by Luxury Cars, 2017-2022 (US$ Mn)
TABLE 14 UAE Used Car Market, by Luxury Cars, 2023-2030 (US$ Mn)
TABLE 15 UAE Used Car Market, by Sports Cars, 2017-2022 (US$ Mn)
TABLE 16 UAE Used Car Market, by Sports Cars, 2023-2030 (US$ Mn)
TABLE 17 UAE Used Car Market, by Pickup Trucks, 2017-2022 (US$ Mn)
TABLE 18 UAE Used Car Market, by Pickup Trucks, 2023-2030 (US$ Mn)
TABLE 19 UAE Used Car Market, by Vans and Minivans, 2017-2022 (US$ Mn)
TABLE 20 UAE Used Car Market, by Vans and Minivans, 2023-2030 (US$ Mn)
TABLE 21 UAE Used Car Market, by Newer Models, 2017-2022 (US$ Mn)
TABLE 22 UAE Used Car Market, by Newer Models, 2023-2030 (US$ Mn)
TABLE 23 UAE Used Car Market, by Older Models, 2017-2022 (US$ Mn)
TABLE 24 UAE Used Car Market, by Older Models, 2023-2030 (US$ Mn)
TABLE 25 UAE Used Car Market, by Budget-Friendly, 2017-2022 (US$ Mn)
TABLE 26 UAE Used Car Market, by Budget-Friendly, 2023-2030 (US$ Mn)
TABLE 27 UAE Used Car Market, by Mid-Range, 2017-2022 (US$ Mn)
TABLE 28 UAE Used Car Market, by Mid-Range, 2023-2030 (US$ Mn)
TABLE 29 UAE Used Car Market, by High-End Luxury, 2017-2022 (US$ Mn)
TABLE 30 UAE Used Car Market, by High-End Luxury, 2023-2030 (US$ Mn)
TABLE 31 UAE Used Car Market, by Gasoline, 2017-2022 (US$ Mn)
TABLE 32 UAE Used Car Market, by Gasoline, 2023-2030 (US$ Mn)
TABLE 33 UAE Used Car Market, by Diesel, 2017-2022 (US$ Mn)
TABLE 34 UAE Used Car Market, by Diesel, 2023-2030 (US$ Mn)
TABLE 35 UAE Used Car Market, by Hybrid and Electric, 2017-2022 (US$ Mn)
TABLE 36 UAE Used Car Market, by Hybrid and Electric, 2023-2030 (US$ Mn)
TABLE 37 UAE Used Car Market, by Automatic, 2017-2022 (US$ Mn)
TABLE 38 UAE Used Car Market, by Automatic, 2023-2030 (US$ Mn)
TABLE 39 UAE Used Car Market, by Manual, 2017-2022 (US$ Mn)
TABLE 40 UAE Used Car Market, by Manual, 2023-2030 (US$ Mn)
TABLE 41 UAE Used Car Market, by Single-Owner Cars, 2017-2022 (US$ Mn)
TABLE 42 UAE Used Car Market, by Single-Owner Cars, 2023-2030 (US$ Mn)
TABLE 43 UAE Used Car Market, by Multiple-Owner Cars, 2017-2022 (US$ Mn)
TABLE 44 UAE Used Car Market, by Multiple-Owner Cars, 2023-2030 (US$ Mn)
TABLE 45 UAE Used Car Market, by Certified Pre-Owned (CPO) Cars, 2017-2022 (US$ Mn)
TABLE 46 UAE Used Car Market, by Certified Pre-Owned (CPO) Cars, 2023-2030 (US$ Mn)
TABLE 47 UAE Used Car Market, by As-Is Cars, 2017-2022 (US$ Mn)
TABLE 48 UAE Used Car Market, by As-Is Cars, 2023-2030 (US$ Mn)
TABLE 49 UAE Used Car Market, by Private Sellers, 2017-2022 (US$ Mn)
TABLE 50 UAE Used Car Market, by Private Sellers, 2023-2030 (US$ Mn)
TABLE 51 UAE Used Car Market, by Dealer-Owned Cars, 2017-2022 (US$ Mn)
TABLE 52 UAE Used Car Market, by Dealer-Owned Cars, 2023-2030 (US$ Mn)
TABLE 53 UAE Used Car Market, by Online Platforms, 2017-2022 (US$ Mn)
TABLE 54 UAE Used Car Market, by Online Platforms, 2023-2030 (US$ Mn)
TABLE 55 UAE Used Car Market, by Cash Transactions, 2017-2022 (US$ Mn)
TABLE 56 UAE Used Car Market, by Cash Transactions, 2023-2030 (US$ Mn)
TABLE 57 UAE Used Car Market, by Financed Transactions, 2017-2022 (US$ Mn)
TABLE 58 UAE Used Car Market, by Financed Transactions, 2023-2030 (US$ Mn)
TABLE 59 UAE Used Car Market, by Classic and Vintage Cars, 2017-2022 (US$ Mn)
TABLE 60 UAE Used Car Market, by Classic and Vintage Cars, 2023-2030 (US$ Mn)
TABLE 61 UAE Used Car Market, by Off-Road and 4×4 Vehicles, 2017-2022 (US$ Mn)
TABLE 62 UAE Used Car Market, by Off-Road and 4×4 Vehicles, 2023-2030 (US$ Mn)
TABLE 63 UAE Used Car Market, by Modified and Customized Cars, 2017-2022 (US$ Mn)
TABLE 64 UAE Used Car Market, by Modified and Customized Cars, 2023-2030 (US$ Mn)
TABLE 65 UAE Used Car Market, by Vehicle Types, 2017-2022 (US$ Mn)
TABLE 66 UAE Used Car Market, by Vehicle Types, 2023-2030 (US$ Mn)
TABLE 67 UAE Used Car Market, by Vehicle Age and Mileage, 2017-2022 (US$ Mn)
TABLE 68 UAE Used Car Market, by Vehicle Age and Mileage, 2023-2030 (US$ Mn)
TABLE 69 UAE Used Car Market, by Price Ranges, 2017-2022 (US$ Mn)
TABLE 70 UAE Used Car Market, by Price Ranges, 2023-2030 (US$ Mn)
TABLE 71 UAE Used Car Market, by Fuel Type, 2017-2022 (US$ Mn)
TABLE 72 UAE Used Car Market, by Fuel Type, 2023-2030 (US$ Mn)
TABLE 73 UAE Used Car Market, by Transmission Type, 2017-2022 (US$ Mn)
TABLE 74 UAE Used Car Market, by Transmission Type, 2023-2030 (US$ Mn)
TABLE 75 UAE Used Car Market, by Ownership History, 2017-2022 (US$ Mn)
TABLE 76 UAE Used Car Market, by Ownership History, 2023-2030 (US$ Mn)
TABLE 77 UAE Used Car Market, by Ownership Status, 2017-2022 (US$ Mn)
TABLE 78 UAE Used Car Market, by Ownership Status, 2023-2030 (US$ Mn)
TABLE 79 UAE Used Car Market, by Financing and Payment Methods, 2017-2022 (US$ Mn)
TABLE 80 UAE Used Car Market, by Financing and Payment Methods, 2023-2030 (US$ Mn)
TABLE 81 UAE Used Car Market, by Specialty Vehicles, 2017-2022 (US$ Mn)
TABLE 82 UAE Used Car Market, by Specialty Vehicles, 2023-2030 (US$ Mn)

How big is the UAE market for used cars right now?

In 2022, the market for UAE used cars was estimated to be worth USD 20154.5 million.

What is the UAE used car market’s anticipated growth rate from 2023 to 2030?

The market for UAE used cars is anticipated to increase at a CAGR of 11.50% from 2023 to 2030, reaching USD 48147.19 million in 2030.

Which market category is in the lead for the vehicle types?

SUVs (sport utility vehicles) are the most popular category of vehicle types.

Which segment is leading the market in terms of vehicle age and mileage?

The notable segment is older models by vehicle age and mileage.

Which financing and payment methods segment is estimated to have the highest CAGR throughout the forecast period?

The financed transactions category is anticipated to exhibit the highest CAGR during the projection period.

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