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Saudi Arabia
Saudi Arabia Car Rental & Leasing Market Outlook, 2017-2030
Car rental and leasing industry in the Saudi Arab is secured closely to commercial benefits. Since departing the recession, service industries in the region benefitted from an arrival of emigrant workers to satisfy the building boom. In spite of high car ownership in Saudi Arabia, the car rental & leasing industry is majorly driven by leisure tourism, including religious (Hajj and Umrah) and business tourism. Saudi Arabia’s tourism sector has witnessed strong growth in the past few years. A number of buyers are also favoring renting/leasing a car rather than possessing one. As a result, more interest is expected from car rental companies to increase their fleet of vehicles. 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 the Saudi Arabia. Moreover, many Companies are offering a diverse range of services including long term leasing and investing significant amount of capitals in order to expand their business in the country.
By Rental Type
By Services Type
By Vehicles Type
By Mode of Booking
Goldstein Market Intelligence analyst forecast Saudi Arabia car rental & leasing market to grow at a CAGR of 5.5% 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 38% share in Saudi Arabia 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 8.6% over the forecast period.
The report covers the present ground scenario and the future growth prospects of the car rental & leasing market in Saudi Arabia for 2017-2030 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. Saudi Arabia car rental & leasing market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
Saudi Arabia Car Rental & Leasing Market Outlook 2017-2030, 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 Saudi Arabia car rental & leasing market space. The report also includes porter’s five force model, SWOT analysis, corporate profiling, business strategies of market players and their business models. “Saudi Arabia 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.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Saudi Arabia Car Leasing Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our Saudi Arabia 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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