UAE Luxury Car Market Insights, Size and Growth Forecast To 2027
UAE luxury cars market estimated to bolster by favouring economic conditions and changing lifestyles of the population. The UAE luxury cars market projected to grow with a notable rate during the estimated period 2020-2027, owing to its economic favouring factors, such as a decrease in the oil prices and shifting consumer preference from SUVs to Sedan cars. Luxury car players such as Ferrari, BMW, Audi, and other prominent players operating across the region records the highest sales share of luxury cars from the UAE. Apart from it, other prominent factors that play an essential role in capturing the share of luxury cars in the UAE are the ultra-rich population and their demand for luxurious autonomous cars. As the autonomous cars involve high maintenance cost as it has to sense RADAR technology, artificial intelligence, light detection, and ranging features makes the car luxurious and comfortable for the consumers. Therefore, these factors will increase demand...