13 13 © TechSci Research Automotive Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of UAE used car market . The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as the availability of passenger cars and the growing demand of used cars . The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the UAE used car market . Methodology Followed for Calculation of Market Size : • Market Size by Value and Volume : Market size, in terms of value and volume, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as used car dealers , & end users, industry experts, and other industry participants . • The team interviewed more than 10 – 12 UAE used car market players, 300 end users, and 15 – 20 industry experts and other value chain stakeholders in the UAE used car market to obtain the overall market size from 2016 - 2020 , which was validated by the Delphi technique . Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data from 2016 - 2020 . • Respondents were asked about the current and future market growth rates, market shares by vehicle type, by end use, by fuel type, by company and by region . Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares . Revenue shares generated across various segments were further triangulated from other stakeholders . Research Methodology