Car rental and rental firms rent or lease individual vehicles without drivers. The leasing of automobiles is governed by a lease agreement or contract. A lease is a contract for future services between the vehicle's owner and the lessee. Both the lessor and the lessee must sign a written lease agreement before it is enforceable. Either operating leasing or financial leasing may be used to carry out the lease agreement.

People are getting increasingly open to traveling light as a result of individual mindsets and cultural changes. When traveling, many choose to rent an automobile as opposed to buy one. This cultural change was a factor in the unusually high demand for rental cars. No longer is Indonesia visited by travelers coming by automobile. For their forthcoming trips, tourists are shopping for rental cars. 

In addition, a lot of travelers choose renting a car so they may go at their own pace and comfort. Additionally, business travelers regularly use rental cars for transportation when on business travels. You have more freedom, can save money, and can choose the best cars for your needs when you rent a car.

However, one barrier is the intense competition among car rental and leasing providers. They have to work extra hard to attract customers because there are so many companies selling the same goods and services. Thus, some businesses could find it difficult to stand out from the competition and survive. The expense of running a fleet of vehicles is an additional challenge. To keep up with demand from customers, car rental and leasing companies must purchase and maintain a significant number of vehicles. An automobile can be quite expensive to buy, maintain, and operate. To make sure that the automobiles for clients are secure, pristine, and well-maintained, a sizeable sum of money and labour is necessary.

The COVID-19 pandemic has had an impact on the UAE car rental and leasing sector, causing severe lockdowns and a reduction in mobility to stop the virus's spread. In contrast, demand for car rental services has picked up as a result of an increase in tourists to the UAE and is anticipated to remain strong during the forecast period.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Avis Budget Group Inc., Enterprise Holdings Inc., Europcar International, eZhire Technologies FZ LLC, SIXT SE, Speedy Drive Car Rental LLC, The Hertz Corporation, Uber Technologies Inc., and Udrive Car Sharing.

By Rental Duration: Based on the Rental Duration, UAE Car Rental and Leasing Market is segmented as; Short Term, Long Term.

By Booking Type: Based on the Booking Type, UAE Car Rental and Leasing Market is segmented as; Online, Offline.

By Driving Type: Based on the End Users, UAE Car Rental and Leasing Market is segmented as; Self-Driven, Chauffeur-Driven.

By Vehicle Type: Based on the Vehicle Type, UAE Car Rental and Leasing Market is segmented as; Budget/Economy, Premium/Luxury.

By Region: This research also includes data for Eastern Region, Southern Region, Western Region, Northern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.