Al Fujairah Taxi Service Market Zooms Ahead at 8.1% CAGR: Powered by 58% E-commerce Surge, Booming Tourism: Ken Research

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India, 12/02/2024 (informazione.it - comunicati stampa - trasporti)

 

 

 

 

 

 

Ken Research's in-depth report provides valuable insights for investors, taxi service providers, and stakeholders alike. It offers a comprehensive analysis of the market, including: 

Don't miss out on this exciting opportunity! Contact Ken Research today for a free sample of the report and unlock the immense potential of the Al Fujairah taxi service market.

20-30

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50+

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Acquisition of Ezhalha by Careem: This move strengthens Careem's presence in the on-demand carwash market and increases competition for established players. Waterless carwash and eco-friendly products are gaining traction due to increased environmental awareness. Companies like Chem-Dry and Clean Cloud are witnessing significant growth.

The market is expected to grow substantially during 2022-2027 owing to factors such as Increasing tourism, the need for mobility, technology integration and government initiatives to develop the economy. Under the Saudi Vision 2030, the demand for leasing would further increase as other sectors like imported goods have to be transported by trucks which will increase the demand for them to be leased trucks in country.

The market will grow at a CAGR of 9.8% during 2022-2027 due to increasing tourism industry & improvements in transportation. As the global automotive industry moves towards sustainability, there might be an increase in demand for electric vehicles. Car rental and leasing companies in Kuwait may explore adding electric or hybrid vehicles to their fleets to cater to environmentally conscious customers.

The GCC is emerging as a prominent automotive hub for various car types, poised to grow at a CAGR of 6.4% from 2023 to 2028. Key growth drivers include a growing population, influx of expatriates, rising income levels, and easy financing options. Rising incomes enable consumers to consider a broader range of vehicles, contributing to market expansion.

Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth

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