UAE Light Commercial Market to be Led by pickup trucks through 2028

The key drivers for the UAE light commercial vehicle market are the country's economic growth and diversification, which create demand for efficient transportation solutions, and the increasing popularity of e-commerce and last-mile delivery services, driving the need for versatile and agile vehicles for logistics operations are factors driving the UAE Light Commercial Vehicle market in the forecast period 2023-2028.

According to TechSci Research report, “UAE Light Commercial Market– By Region, Competition, Forecast & Opportunities, 2028,” The UAE's light commercial vehicle market's expansion is primarily fueled by factors such as the nation's economic advancement and diversification. These factors result in a rising demand for effective transport systems. Simultaneously, the surge in e-commerce popularity and the growing requirement for last-mile delivery services necessitate the use of flexible and nimble vehicles for logistics tasks.

The light commercial vehicle market is anticipated to experience substantial growth during the forecast period. This growth can be attributed to various factors such as the increasing demand for efficient transportation solutions, expanding e-commerce industry, and the development of infrastructure projects across the region. Dubai and Abu Dhabi, with their well-established automotive sectors and strategic geographic locations, are expected to continue playing a crucial role in driving the market forward and maintaining a significant market share. With their robust economies and progressive business environments, these cities serve as key hubs for commercial activities and provide ample opportunities for growth and expansion in the light commercial vehicle segment.

In order to meet the growing demand for light commercial vehicles, manufacturers have been increasingly investing in production facilities as well as in research and development. For instance, in April 2021, Volvo opened a new plant in Dubai and announced plans to launch eight new models by the end of 2022. Similarly, Ford announced an investment of AED 4 billion for its light commercial vehicles segment in 2020, in the region.

The growth of the light commercial vehicle market in the UAE is strongly influenced by regulatory changes that specifically benefit commercial vehicles. In an effort to promote the use of these vehicles, the government has implemented a range of incentives, such as tax reductions and the provision of free parking permits. These measures have proven to be highly effective in attracting a multitude of manufacturers to introduce their products into the thriving UAE market, further contributing to the expansion of the light commercial vehicle sector.

In, technology advancements have greatly contributed to the exponential growth of this sector. For instance, the integration of advanced connectivity solutions into commercial vehicles has played a pivotal role. These solutions include telematics, which enable real-time vehicle tracking and remote diagnostics, as well as infotainment systems that provide passengers with enhanced entertainment options. Moreover, the incorporation of advanced driver assistance systems ensures improved safety and convenience for drivers. By leveraging these technologies, manufacturers are not only able to enhance the overall driving experience but also offer comprehensive fleet management solutions to their customers. This holistic approach empowers businesses to optimize operational efficiency, reduce costs, and provide a seamless customer experience.

The growth of the UAE light commercial vehicle market is also driven by an increase in e-commerce activities. Online shopping has surged significantly over the last year due to the COVID-19 pandemic, and this is expected to further drive the demand for commercial vehicles. This has led to a shift in focus from passenger cars to light commercial vehicles as manufacturers are investing in developing technologically advanced products with efficient engines and superior payload capacity.

In conclusion, the UAE light commercial vehicle market is witnessing steady growth due to increasing investments by global and local manufacturers, regulatory changes as well as technological advancements. This presents an attractive opportunity for investors to capitalize on the growing demand in this sector. Moreover, with the government’s focus on developing a sustainable transport system, the market is expected to continue its growth trajectory in the coming years.

Further, companies are also investing in launching new products such as electric light commercial vehicles, to meet the growing demand for eco-friendly and zero-emission transport solutions. This is expected to provide a further boost to the market in the future.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "UAE Light CommercialMarket Market."

The UAE Light Commercial Market is analyzed based on vehicle type, fuel type, by end-user and by region. Based on the vehicle type, the market is segmented into pickup trucks and vans. Based on the fuel the market is divided into ICE and electric type. Based on the end-user, the market is divided into individual and fleet owner. Based on the region, the market is segmented into Dubai, Abu Dhabi, Sharjah, and the rest of UAE.

Key market players in the UAE Light Commercial Market include:

·         Toyota Motor Corporation

·         Mitsubishi Motors Corporation

·         Nissan Motors Co. LTD

·         General Motors Company

·         Hyundai Motor Company

·         Ford Motor Company

·         Isuzu Motors Limited

·         Volkswagen AG

·         Tata Motors.

Download Free Sample Report

Customers can also request 10% free customization on this report.

“The UAE light commercial vehicle (LCV) market is growing due to key factors. Firstly, the country's strong economy and diversification across industries like construction, logistics, and tourism drive demand for efficient transportation solutions. Secondly, the rise of e-commerce and last-mile delivery services fuels the need for versatile and agile vehicles, leading to an increasing market for light commercial vehicles during the forecast period I UAE.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“UAE Light Commercial Vehicle Market By Vehicle Type (Pickup Truck, Van & Light Bus), By Fuel Type (Diesel, Gasoline & Alternate), By End Use (Individuals Vs Fleet Owner), and by Region, Competition Forecast & Opportunities, 2018 – 2028,” has evaluated the future growth potential of light commercial vehicle market in UAE and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in UAE Light Commercial Market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]