Market forecast for the rental and leasing of commercial vehicles in the UAE until 2028, involving companies such as Diamondlease, Unisys Technologies, Belhasa, Pickup Rentals, and United Movers Dubai.

Market forecast for the rental and leasing of commercial vehicles in the UAE until 2028, involving companies such as Diamondlease, Unisys Technologies, Belhasa, Pickup Rentals, and United Movers Dubai.

Dublin, April 19, 2024 (GLOBE NEWSWIRE) - The report "Market Features of Truck Rental and Leasing in the UAE: Region, Competition, Forecast, and Opportunities, 2018-2028" has been added to the offerings of ResearchAndMarkets.com.

The truck rental and leasing market in the UAE

The truck rental and leasing market in the UAE was valued at $961.73 million in 2022 and is expected to show strong growth with a compound annual growth rate of 7.25% during the forecast period. The truck rental and leasing market in the UAE is a dynamic and developing sector in recent years. It has experienced significant expansion due to the country's strong logistics and transportation industry, as well as numerous construction projects and the growing demand for efficient goods movement.

Market characteristics

One of the distinctive features of this market is the variety of truck fleets offered by rental and leasing companies.

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They provide a wide range of options, from small vans and pickups to heavy commercial vehicles, to meet various transportation needs. This versatility is a key advantage, as it allows companies to find vehicles that match their specific requirements.

Demand factors

Logistics and construction:The demand for truck rental and leasing services in the UAE is primarily driven by two key sectors: logistics and construction.
Tourism:The prosperity of the tourism industry in the UAE also significantly impacts the truck rental market.

Pricing and rental models

When it comes to pricing and rental models, truck rental and leasing companies in the UAE offer a range of options. Clients can choose from daily, weekly, monthly, and long-term rental plans, making it accessible for companies with different needs and budgets.