Bahrain Automotive Fleet Market: Industry Outlook, Revenue Data, Demand, Trends, Revenue, Size, Share, Market Data Forecast 2017-2025

Bahrain Automotive Fleet Industry Outlook 2017-2025

Market Overview

Since departing the recession, service industries in Bahrain are benefitted from an arrival of emigrant workers to satisfy the building boom. Moreover, tourist arrivals in the GCC are estimated to grow at a CAGR of 5.7% during 2017-2025, thus augmenting the growth of car rental and travel firms business in the Bahrain. Further, by 2025, travel and tourism investment is expected to reach USD 950 million and business travel is probable to go further than USD 600 million in the country. The estimates and assurance in the worth generated in the tourism sector have led to ample progress in the hotel and luxury vehicle rental business. With the emergence of new technologies such as automotive telematics and connected cars concept the automotive fleet industry is also poised to develop new markets in the region especially in Bahrain. Additionally, government automotive fleets which are on rise owing to high government spending over law enforcement bodies, will also play an important role in growth of Bahrain automotive fleet industry. However, declines in automotive sales have been evident due to minor consumer sentiment and lower internal/national tourism positively impacting the Rent-A-Car (RAC) industry. Small- and medium-sized companies, alongside the large corporations contracting with the oil industry, are being affected owing to compact purchases and prolonged project accomplishment dates.         

Goldstein Research analyst forecast Bahrain automotive fleet industry is anticipated to grow at a CAGR of 6.4% over the forecast period as investments by the new and existing market players in the region is expected to upsurge in coming years to cater the huge demand for rented transportation in the region, compounded by the increasing logistic and construction activities in the region.

Bahrain Automotive Fleet Industry Segmentation

By Fleet Type

• Ownership
• Rental

Based on the fleet type rental automotive industry acquired the largest share of more than 66% share in Bahrain car rental and leasing market. On the other hand, rental automotive fleet segment is likely to be the fastest growing segment, which is expected to grow at a CAGR of 7.1% over the forecast period.

By Vehicles Type

• Passenger Vehicles
• Commercial Vehicles

Covered In This Bahrain Automotive Fleet Industry Report       

The report covers the present ground scenario and the future growth prospects of the car rental & leasing for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Bahrain automotive fleet industry is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players. Additionally, novel technological advancements and recent technological trends in the Bahrain automotive fleet market are also analyzed in this report.

Bahrain Automotive Fleet Industry Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Bahrain Automotive Fleet Industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Bahrain Automotive Fleet Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Bahrain Automotive fleet industry Report comprises of the following companies as the key players: Hertz Corporation, Fraikin, Sixt, Avis Corporation, Strong car rental, Auto rent, Market Rent- A- Car, Al- Mulla, Enterprise Rent A Car, City Car, Al Sayer and Europcar.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Bahrain automotive fleet industry report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for automotive fleet industry
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• Position yourself to gain the maximum advantage of the automotive fleet industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects