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2020-03-11
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Kuwait
The car rental and leasing industry in Kuwait is secured close to commercial benefits. Service industries in the country benefitted from the 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 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. The 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
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.
Our report on Kuwait Car Rental & Leasing Market comprises of the following companies as the key players.
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 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.
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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