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Middle East Pre-Owned (Used) Luxury Car Market: Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2025

Report ID: AU1119ME | Published Date: Nov-19 | Category: Automobile | Base Year: 2023 | Format: Report Formats

The Middle East pre-owned (used) luxury car is anticipated to register at a significant CAGR during the forecast period from 2019 to 2025. The Middle East is likely to be a huge market for pre-owned vehicles and possesses huge potential for used luxury cars as well. Whereas, the luxury car market penetration rate in the country is comparatively low the key luxury car manufacturers are expected to bet on the global market’s potential. Currently, the penetration rate of pre-owned luxury cars in the country is significantly high. As pre-owned luxury car sales in the Middle East have increased at a fast pace since the year 2012, with approximately a considerable rise in sales in 2017, with Mercedes-Benz which is expected to dominate the market.

Growth Factors:
As luxury car manufacturers are anticipated to launch several models with a range of prices, along with comprehensible financing proposals, hence the demand for pre-owned luxury cars in the Middle East is projected to increase in the country. In addition to this, the demand and popularity for pre-owned luxury SUVs have been increasing quickly in the country and are anticipated to maintain the growing rate in the forecast period, as they are expected to offer extra comfort and space. Primary luxury car manufacturers, like BMW, Audi, and Mercedes are projected to launch new and advanced models in the country at a viable price, this on the other hand will increase the demand for used luxury cars in the Middle East.

Luxury Car Rental Segment:
The luxury car rental segment is the use of a luxury car for a fixed phase of time at an assessed amount of money. Currently, the Luxury car rental segment is in high demand and very popular as it offers mobility solutions for both leisure travelers and businesses. Consumers can very easily arrange a car rental on a mobile phone or website. Geographically, The Middle East is a huge market player that represents around 55% of the market, which is likely to be followed by Europe and is expected to represent considerable market shares. The Luxury Car Rental segment is extremely concentrated in the world

The Middle East pre-owned (used) luxury car market can be classified into vehicle age, by cities, by type of cars, by brand, and by price range. In terms of brand, Korean as well as Japanese brands are comparatively very popular in the Middle East due to their strong brand fondness, longer life durability, consistency, and greater resale value of pre-owned cars. In terms of vehicle age, pre-owned luxury cars below the age range of 2-5 years are likely to account for maximum market share in the year 2018 owing to the average substitution rate of 3.8 years in the Middle East. The sale of pre-owned luxury cars is expected to be followed by 5 to 7 years of vehicle age because these used cars have better engine capacity, heavy body type, as well as have high resale value.

Regional Analysis:
The Middle East is projected to lead in the Pre-owned (used) Luxury Car market, owing to the availability of great infrastructure and high disposable incomes in the region. The increasing demand and popularity for stylish cars, advanced telemetries, and powerful engines at an affordable price is also anticipated to continue to boost the demand and growth for the Pre-owned (used) Luxury Car market. Furthermore, luxury car parts manufacturers are likely to focus on the development and advancement of next-generation smart technologies, such as personal voice assistance, autonomous driving, and retina recognition found in luxury cars, which are also projected to boost the Pre-owned (used) Luxury Car market.

Market Covered
The Middle East Pre-Owned Luxury Car Market report provides a detailed analysis of the following market segments:

By Type of Vehicle
• SUV (Sport Utility Vehicle)
• MPV (Multi-Purpose Vehicle)
• Sedan
• Hatchback
• Coupe
• Cross Type Vehicles (CTVs)
• Convertible
• Others

Fuel Type
• Diesel
• Petrol
• Hybrid
• Electric

By Countries
• Saudi Arabia
• Egypt
• Oman
• Kuwait
• Qatar
• Bahrain
• Others

By Vehicle Age
• 0-2 Years
• 2-4 Years
• 4-6 Years
• Above 6 Years

Kilometers Driven

By Price

By Brand
• Aston Martin
• Audi
• Bentley
• Mercedes-Benz
• Bugatti Veyron
• Ferrari
• Lamborghini
• Lexus
• McLaren
• Porsche
• Others

What Report Provides
The report provides a detailed analysis of the following market segments:
• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies to fortify their foothold in the market

1. Market Introduction
1.1 Introduction
1.1.1 Objectives of the Study
1.1.2 Market Definition
1.1.3 Market Scope Years Considered for the Study Market Covered
1.1.4 Currency
1.1.5 Limitations
1.1.6 Stakeholders

2. Research Methodology
2.1 Research Data
2.1.1 Secondary Data Key Data From Secondary Sources
2.1.2 Primary Data Key Data From Primary Sources
2.2 Market Propulsion Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for the Study

3. Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.3 Competitive Insights

4. Middle East Pre-Owned (Used) Luxury Car Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.2 Penetration and Growth Prospect Mapping
4.3 Propulsion Value Chain Analysis
4.4 Cost Analysis Breakdown
4.5 Technology Overview
4.6 Regulatory Framework
4.6.1 Reimbursement Framework
4.6.2 Standards And Compliances

5. Middle East Pre-Owned (Used) Luxury Car Market Overview
5.1 Market Dynamics
5.1.1 Market Driver Analysis Increased Focus of Pre-Owned (Used) Luxury Car Manufacturers on Brand Protection
5.1.2 Market Restraint Analysis High Cost Associated With the Implementation of Next-generation AOC
5.1.3 Propulsion Challenges Presence of Ambiguous Regulatory Framework

6. Middle East Pre-Owned (Used) Luxury Car Market Analysis Tools
6.1 Propulsion Analysis – Porter’s
6.1.1 Supplier Power
6.1.2 Buyer Power
6.1.3 Substitution Threat
6.1.4 Threat from New Entrants
6.1.5 Competitive Rivalry
6.2 Pestel Analysis
6.2.1 Political Landscape
6.2.2 Environmental Landscape
6.2.3 Social Landscape
6.2.4 Technology Landscape
6.2.5 Legal Landscape

6.3 Major Deals And Strategic Alliances Analysis
6.3.1 Joint Ventures
6.3.2 Mergers and Acquisitions
6.3.3 Licensing and Partnership
6.3.4 Technology Collaborations
6.3.5 Strategic Divestments

6.4 Market Entry Strategies

6.5 Case Studies

7. Middle East Pre-Owned (Used) Luxury Car Market, By Vehicle Type Historical Analysis and Forecast 2020-2027 (USD Million)
7.1 SUV (Sport Utility Vehicle)
7.2 MPV (Multi-Purpose Vehicle)
7.3 Sedan
7.4. Hatchback
7.5 Coupe
7.6 Cross Type Vehicles (CTVs)
7.7 Convertible
7.8. Others

8. Middle East Pre-Owned (Used) Luxury Car Market, By Fuel Type Historical Analysis and Forecast 2020-2027 (USD Million)
8.1 Diesel
8.2 Petrol
8.3 Hybrid
8.4 Electric

9. Middle East Pre-Owned (Used) Luxury Car Market, By Vehicle Age Historical Analysis and Forecast 2020-2027 (USD Million)
9.1 0-2 Years
9.2 2-4 Years
9.3 4-6 Years
9.4 Above 6 Years

10. Middle East Pre-Owned (Used) Luxury Car Market, By Brand Historical Analysis and Forecast 2020-2027 (USD Million)
10.1 Aston Martin
10.2 Audi
10.3. Bentley
10.4 BMW
10.5 Mercedes-Benz
10.6. Bugatti Veyron
10.7 Ferrari
10.8 Lamborghini
10.9. Lexus
10.10 McLaren
10.11 Porsche
10.12. Others

11. Market Share Analysis and Competitive Landscape
11.1 Middle East Landscape – Key Players, Revenue and Presence
11.2 Middle East Share Analysis – Key Players (Tier 1, Tier 2, Tier 3)
11.3 Middle East Emerging Companies
11.4 Middle East Key Player – Growth Matrix

12. Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
12.1 The Elite Cars
12.1.1 Company Overview
12.1.2 Product Portfolio
12.1.3 Financial Overview
12.1.4 Strategic Overview

12.2 AlbaCars
12.2.1 Company Overview
12.2.2 Product Portfolio
12.2.3 Financial Overview
12.2.4 Strategic Overview

12.3 Exotic Cars
12.3.1 Company Overview
12.3.2 Product Portfolio
12.3.3 Financial Overview
12.3.4 Strategic Overview

12.4 Dubi Cars
12.4.1 Company Overview
12.4.2 Product Portfolio
12.4.3 Financial Overview
12.4.4 Strategic Overview

12.5 Yalla Motors
12.5.1 Company Overview
12.5.2 Product Portfolio
12.5.3 Financial Overview
12.5.4 Strategic Overview

12.6.1 Company Overview
12.6.2 Product Portfolio
12.6.3 Financial Overview
12.6.4 Strategic Overview

12.7 Autozel
12.7.1 Company Overview
12.7.2 Product Portfolio
12.7.3 Financial Overview
12.7.4 Strategic Overview

12.8 Sun City Motors LLC
12.8.1 Company Overview
12.8.2 Product Portfolio
12.8.3 Financial Overview
12.8.4 Strategic Overview

12.9 Auto Deals
12.9.1 Company Overview
12.9.2 Product Portfolio
12.9.3 Financial Overview
12.9.4 Strategic Overview

12.10 Car 24
12.10.1 Company Overview
12.10.2 Product Portfolio
12.10.3 Financial Overview
12.10.4 Strategic Overview

12.11 Pearl Motors
12.11.1 Company Overview
12.11.2 Product Portfolio
12.11.3 Financial Overview
12.11.4 Strategic Overview

12.12 Saudi sale
12.12.1 Company Overview
12.12.2 Product Portfolio
12.12.3 Financial Overview
12.12.4 Strategic Overview
Note: The above list is tentative and may change with the latest market updates

13. Pre and Post COVID-12 Impact
13.1 Positive Influence on the Propulsion
13.2 The financial disruption of the manufacturing sector
13.3 Impact of COVID-12 on Emerging Companies
13.4 Significant mandates in the Propulsion regulations initiated by administrations
13.5 The overall economic slowdown of the developing and developed nations

14. Pheonix SME Key Takeaway Points for Client

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