UAE Certified Pre-Owned Car Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Rising consumer preference for affordable luxury vehicles is driving the growth of the UAE certified pre-owned car market. According to the latest report by IMARC Group, The UAE certified pre-owned car market size reached US$ 6.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.51% during 2024-2032.

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UAE Certified Pre-Owned Car Industry Trends and Drivers:

The UAE's certified pre-owned (CPO) car market has grown significantly in recent years. This growth is due to changing consumer preferences and economic factors. Buyers are attracted to CPO vehicles for their affordability, reliability, and benefits like extended warranties and detailed inspections. Luxury brands such as Mercedes-Benz, BMW, and Audi lead this market. They offer high-quality used cars that appeal to buyers who are cost-conscious but still aspire to own luxury vehicles.

The rise of online platforms and digital marketplaces has also helped consumers. They can easily compare prices, check vehicle histories, and complete transactions smoothly. This reflects a global trend where buyers prefer pre-owned cars. They seek value without sacrificing quality or prestige.

Another trend in the UAE’s CPO market is the focus on sustainability. As consumers become more aware of environmental issues, many choose pre-owned cars to reduce waste and lower carbon footprints from manufacturing new vehicles. Dealerships are promoting CPO programs that emphasize eco-friendly benefits along with financial savings.

Additionally, the influx of expatriates in the UAE has increased the demand for CPO cars. These vehicles provide a practical and cost-effective option for those needing temporary transportation. With better vehicle certification and increased transparency, the CPO market is set to remain a vital part of the UAE’s automotive industry.

IMARCs report provides a deep dive into the market analysis, outlining the current trends, underlying UAE certified pre-owned car market demand, and growth trajectories.

UAE Certified Pre-Owned Car Industry Segmentation:

The report has segmented the market into the following categories:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players- 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.

•  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
• The Elite Car.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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