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Future Outlook of UAE Auto Finance Market: Ken Research

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  • Growing Digital Advancements and Increasing Number of Finance Aggregators are driving UAE Auto Finance Industry – expected to grow at a CAGR of ~17%.
  • UAE Auto Finance Market is fragmented in nature with around 8+ major lenders (Banks, NBFCs. Captives) holding major market share.
  • UAE Auto Finance Industry is expected to witness good growth in future owing to reasons such as Increasing Population, growing income levels, new and innovative business models and more.

Potential for Fintech Growth:  The Emirates has established fintech adoption and growth as its central national priority, shaping the path for digital financial services to become a profound innovation that would modernize the region’s financial status. Fintech in the UAE will be a phenomenal sector reflecting the nation’s regional progress.


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Growing Digital Advancements: Dealers wants to reach online-first car shoppers by investing in an all-encompassing digital marketing solution that leverages mobile, location, and social media. Automotive Financing Companies are increasingly moving towards higher technological advancements to improve operational profits as well as customer experience like, smartTRADE, a Shariah Compliant trade platform designed to facilitate fast and efficient Trade Finance transactions that reduce turnaround time, save operating costs and make international trade financing easy, efficient and secure. Furthermore, Most of the Business Banking active customer base have been on-boarded on “businessONLINE”- the all-new and state-of- the-art comprehensive online banking platform and mobile app, designed for SMEs & Corporate Clients.

Increase in Private Car Services: Large number of people in the UAE are now preferring privately hired cars, as the increase in the oil prices, traffic fines, unavailability of auto parts has resulted in the lower number of potential buyers, leading to a potential increase in the financing of private car services in future. Furthermore, there is also increase in the green car loans, Electric vehicles are an emerging segment in the UAE, as the leading the way for green loans in the country.

Analysts at Ken Research in their latest publication UAE Auto Finance Market Outlook to 2026F – Driven by growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by the regulatory authorities” by Ken Research observed that UAE Auto Finance Market is in the growing phase. The Potential for Fintech Growth, growing digital advancement, rising automobile demand, flexible model of financing and government initiatives, are some of the factors that will contributed to the UAE Auto Finance market growth over the period of 2021-2026F. It is expected that UAE Auto Finance Market will grow at a CAGR of ~17% for the above forecasted period.

Key Segments Covered:-

UAE Auto Finance Market

 By Category of Lenders (by Credit disbursed), 2021 & 2026F

  • Captive Financing Companies
  • Universal and Commercial Banks
  • NBFCs

By Type Of Vehicles (by Credit disbursed), 2021 & 2026F

  • Two Wheelers
  • Three Wheelers
  • Four Wheelers

By Type of Ownership (by Credit disbursed), 2021 & 2026F

  • Used Cars
  • New Cars

By Category of Vehicles (by Credit disbursed), 2021 & 2026F

  • Passenger Vehicles
  • Commercial Vehicles

By Duration of Loan (by Credit disbursed), 2021 & 2026F

  • 12 – 14 months
  • 25 – 48 months
  • 49 – 60 months

Key Target Audience:-

  • Banks and its Subsidiaries
  • NBFCs
  • Captive Finance Companies
  • Government and Institutions
  • Automobile Companies
  • Car Dealers
  • Government and Institutions
  • Existing Auto Finance Companies
  • OEM Dealerships
  • New Market Entrants
  • Investors
  • Auto mobile Associations

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Time Period Captured in the Report:-

  • Historical Period: 2016-2020
  • Base Year: 2021
  • Forecast Period: 2022 – 2026F

Companies Covered:-

  • Dubai Islamic Bank
  • Commercial Bank of Dubai
  • Emirates NBD
  • HSBC
  • Noor Bank
  • Abu Dhabi Islamic Bank
  • Al Hilal Bank
  • Ajman Bank
  • ADCB Islamic Bank
  • Arab Bank
  • RakBank
  • Sharjah Islamic Bank
  • Emirates Islamic Bank
  • First Abu Dhabi Bank
  • Mashreq Bank
  • Dunia Finance
  • Reem Finance
  • Siraj Finance
  • Finance House
  • Dubai First

Key Topics Covered in the Report:-

  • Executive Summary for UAE Auto Finance Market Outlook to 2026F
  • Country Overview of UAE
  • UAE Auto Finance Market Overview and Genesis
  • Ecosystem of Major Entities in UAE Auto Finance Market
  • UAE Automotive Market – Major OEM Brands basis Passenger Car Sales
  • Objectives of Captives
  • Types of Car Loans in UAE Auto Finance Industry
  • Value Chain of UAE Auto Finance Industry
  • UAE Auto Finance Market Size
  • UAE Auto Finance Market Segmentations
  • Industry Analysis of UAE Auto Finance Market
  • Decision Making Parameters for selecting Auto Finance Vendors
  • Trends and Developments in UAE Auto Finance Market
  • Challenges faced by End Users in UAE Auto Finance Market
  • SWOT Analysis of UAE Auto Finance Market
  • Government Regulations in the UAE Auto Finance Market
  • Customer Journey
  • COVID 19 Impact on UAE Auto Finance Industry
  • UAE Auto Finance Aggregator Market
  • Cross Comparison of Major Companies in UAE Auto Finance Market
  • Future Outlook and Market Size for UAE Auto Finance Market 2021-2026F
  • Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

UAE Auto Finance Market

Related Reports by Ken Research:-

Singapore Auto Finance Market Outlook to 2025

Egypt Auto Finance Market Outlook to 2027

Malaysia Automotive Finance Market Outlook to 2026



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