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2019-06-18
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Oman
Oman has a strong car rental market atmosphere for fleet sales to rent-a-car (RAC) companies and government fleet sales. 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 Oman. The car rental market has witnessed a significant growth in the number of car rental firms in the country along with the increase in international tourist arrivals particularly in city of Muscat. This has subsequently pushed the car rental market comapnies offering a wide range of services viz. short-term rental, long-term lease and chauffeur services. Companies are also offering guided tours of the city, trips to different parts of the domestic and international car hire reservations. Small to medium enterprises (SMEs) are still growing in the country. The philosophy of Uber and the likes have also transformed the way people look at owning a car. Rising population united with the affluence level has driven demand for vehicles and taxi business, mainly in the UAE and Saudi Arabia.
By Rental Type
By Services Type
By Vehicles Type
By Mode of Booking
Goldstein Research analyst forecast Oman car rental & leasing market is anticipated to grow at a CAGR of 5.9% 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.
Based on the rental type chauffeur drive or taxi services acquired the largest share of more than 45% share in Oman car rental and leasing market. On the other hand, self-driving segment is likely to be the fastest growing segment, which is expected to grow at a CAGR of 12.3% over the forecast period.
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. Oman car rental & leasing market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
Oman Car Rental & Leasing Market 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 Oman car rental & leasing market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Oman Car Rental & Leasing Market 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 Oman Car Rental & Leasing Market Report comprises of the following companies as the key players.
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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