UAE Certified Pre-Owned Car Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “UAE certified pre-owned car market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the UAE certified pre-owned car market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The UAE certified pre-owned car market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.6% during 2023-2028.
A certified pre-owned (CPO) automobile is a previously owned vehicle that has undergone a comprehensive examination, rejuvenation, and certification procedure administered by either a manufacturer or a dealership. This rigorous process is implemented to guarantee that the vehicle adheres to specific quality benchmarks and is in superb condition prior to being made available for purchase by consumers. It also provides added advantages to the purchaser, including an extended warranty, roadside assistance, and occasionally, exclusive financing alternatives. The primary objective is to instill confidence in buyers regarding the quality and dependability of the pre-owned vehicle they are acquiring.
UAE Certified Pre-Owned Car Market Trends and Drivers:
The surge in consumer preferences for owning multiple vehicles, driven by the desire for enhanced mobility, convenience, and luxury, stands as a key factor propelling the demand for certified pre-owned cars in the UAE. Furthermore, the increasing use of certified pre-owned vehicles in shared services like ride-sharing, ride-hailing, and car rental is contributing to the market’s growth in the nation. Additionally, the mounting environmental concerns among the general populace and the growing emphasis on sustainable development are accelerating the adoption of certified pre-owned cars to reduce waste disposal and curb carbon emissions in the country. Alongside this, the ready availability of a diverse range of certified pre-owned vehicles is fostering a positive outlook for the market in the UAE.
UAE Certified Pre-Owned Car Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: AlbaCars, Al-Futtaim, Al Naboodah Group (Saeed Mohammed Al Naboodah Holding LLC), AL Tayer Group, AW Rostamani Group, Car Switch Dubai, Dubicars International FZ-LLC, Dubizzle Middle East FZ-LLC and The Elite Car.
The report segmented the market on the basis of region, car type, car age, fuel type, vendor type and distribution channel.
Breakup by Car Type:
- Hatchback
- Sedan
- Sports Utility Vehicle
- Others
Breakup by Car Age:
- 0-4 Years
- 4-8 Years
- More than 8 Years
Breakup by Fuel Type:
- Diesel
- Petrol
- Others
Breakup by Vendor Type:
- Organized
- Unorganized
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Emirates:
- Abu Dhabi
- Dubai
- Sharjah
- Ajman
- Others
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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