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, 2028

Abstract
The UAE luxury car market is anticipated to grow at a robust CAGR in the forecast period, 2024-2028. 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 materials 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 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 their 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 several options based on product specifications, price, color, model, and brand and buy used luxury vehicles with ease. The high demand from online platforms for used luxury vehicles is expected to boost the UAE luxury car market growth in the coming years.
Ongoing Advancements in Technology Support 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.
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 hatchbacks, sedans, and SUV/MPV. Based on propulsion, the market is bifurcated into ICE and electric. Based on the price segment, the market is divided into entry-level, mid-range, and premium ranges. 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 the following categories, in addition to the industry trends which have also been detailed below:
•UAE Luxury Car Market, By Vehicle Type:
oHatchback
oSedan
oSUV/MPV
•UAE Luxury Car Market, By Propulsion:
oICE
oElectric
•UAE Luxury Car Market, By Price Segment:
oEntry Level
oMid-Range
oPremium-Range
•UAE Luxury Car Market, By Region:
oDubai
oAbu Dhabi
oSharjah
oRest 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).

Content
Table of Contents

1.Product Overview
2.Research Methodology
3.Executive Summary
4.Impact of COVID-19 on UAE Luxury Car Market
5.Voice of Customer
5.1.Factors Influencing Purchase Decision
5.2.Aided Brand Recall and Unaided Brand Recall
5.3.Brand Satisfaction Level
6.UAE Luxury Car Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value and Volume
6.2.Market Share & Forecast
6.2.1.By Vehicle Type (Hatchback, Sedan, SUV/MPV)
6.2.2.By Propulsion (ICE Electric)
6.2.3.By Price Segment (Entry Level, Mid-Range, and Premium-Range)
6.2.4.By Region
6.2.5.By Company (2022)
6.3.Product Market Map (By Vehicle Type, By Region)
7.UAE Luxury Hatchback Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value and Volume
7.2.Market Share & Forecast
7.2.1.By Propulsion
7.2.2.By Price Segment
8.UAE Luxury Sedan Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value and Volume
8.2.Market Share & Forecast
8.2.1.By Propulsion
8.2.2.By Price Segment
9.UAE Luxury SUV/MPV Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value and Volume
9.2.Market Share & Forecast
9.2.1.By Propulsion
9.2.2.By Price Segment
10.Market Dynamics
10.1.Drivers
10.2.Challenges
11.Market Trends and Developments
12.Policy and Regulatory Landscape
13.UAE Economic Profile
14.Competitive Landscape
14.1.Company Profiles (Partial List of Leading Companies)
14.1.1.Rolls-Royce Motor Cars Limited
14.1.2.BMW AG
14.1.3.Koenigsegg Automotive AB
14.1.4.Automobili Lamborghini S.p.A.
14.1.5.W Motors
14.1.6.Daimler AG
14.1.7.Volkswagen AG
14.1.8.Aston Martin Lagonda Limited
14.1.9.Ferrari S.p.A.
14.1.10.Automobiles Ettore Bugatti
15.Strategic Recommendations