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Market Research Report

Kuwait Car Rental & Leasing Market Report 2017-2025: Industry Statistics, Growth Analysis, Trends & Challenges, Overview, Segmentation, Size, Share and Demand Analysis

Published On : 2018-09-18 Report Page : 150 Category: Transportation

Kuwait Car Rental & Leasing Market Outlook 2017-2025

Market Overview

Car rental and leasing industry in Kuwait is secured close to commercial benefits. Service industries in the country benefitted from an arrival of emigrant workers to satisfy the building boom. Further, the booming hospitality sector with exponential growth in tourists has also paved the smooth path for the car rental industry growth. Kuwait has a strong fleet market atmosphere for fleet sales to rent-a-car (RAC) companies and government fleet sales. 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. 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 Kuwait. Al-Mullah, Al-Sayer and Safeena are some of the key car rental firms in the Kuwait car rental & leasing market apart from overseas players such as Hertz, Sixt, Europcar, Avis and others that have their rental locations across Kuwait. Rising population united with the affluence level has driven demand for vehicles and taxi business, mainly in the UAE and Saudi Arabia. 

Goldstein Research analyst forecast Kuwait 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.

Kuwait Car Rental & Leasing Market Segmentation

 By Rental Type

  • Chauffeur Drive
  • Special Events
  • Self-Driving
  • Business Rental

Based on the rental type chauffeur drive or taxi services acquired the largest share of more than 45% share in Kuwait 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 9.6% over the forecast period.

By Services Type

  • Interstate Services
  • Intrastate Services
  • Airport Transfers

By Vehicles Type

  • Luxury Cars
  • Executive Cars
  • Economy Cars
  • Sports Utility Vehicles
  • Multi Utility Vehicles

By Mode of Booking

  • Online Bookings
    • App-based car rental services
    • Telephonic car rental services
    • Web-Based Car Rental Services
  • Offline Bookings

Covered In This Kuwait Car Rental & Leasing Market 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. Kuwait car rental & leasing market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Kuwait 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 Kuwait 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. “Kuwait Car Rental & Leasing Market Study” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our report on Kuwait Car Rental & Leasing Market comprises of the following companies as the key players: Hertz Corporation, Sixt, Avis Corporation Regency, Auto rent, Market Rent- A- Car, Al- Mulla, Fast 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 Kuwait car rental & leasing market report

  • What is the total market size by 2025 and what would be the expected growth rate of the 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 car rental & leasing market
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the car rental & leasing market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

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Kuwait Car Rental & Leasing Market Report 2017-2025: Industry Statistics, Growth Analysis, Trends & Challenges, Overview, Segmentation, Size, Share and Demand Analysis

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

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