Summary
UAE Auto Finance Market Outlook to 2026F Driven by growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by the regulatory authorities
The report provides a comprehensive analysis of the potential of auto financing industry in UAE. The report covers an overview and genesis of the industry, market size in terms of Credit Disbursed.
Its market segmentations include by Category of Lenders, by type of vehicles, Type of Ownership, by Category of Vehicles, by Duration of Loan; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, that UAE Auto Finance Market has decreased from 2016 to 2021 at a CAGR of -6.3% owing to government regulations, lifestyle changes and the COVID-19 lockdown but in the upcoming period, the growth is expected to normalize owing to the emergence of new and improved technologies. UAE Auto Finance Market is estimated to grow at a positive CAGR of ~17% in between 2022E and 2026F.
The report provides a comprehensive analysis of the potential of auto financing industry in UAE. The report covers an overview and genesis of the industry, market size in terms of Credit Disbursed.
Its market segmentations include by Category of Lenders, by type of vehicles, Type of Ownership, by Category of Vehicles, by Duration of Loan; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
