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Car Rental & Leasing in Saudi Arabia- Increasing Tourist Arrival tends to Keep Market Growth Steady
The self-driving segment is growing at the fastest CAGR of 8.6% during the forecast period (2017-2025)- Goldstein Research
According to Goldstein Research, Saudi Arabia car rental & leasing market is anticipated to expand at a CAGR of 5.5% during the forecast period, 2017-2025. Saudi Arabia has huge tourism sector, with a large number of tourists arriving for religious affairs i.e. Hajj & Umrah. Also, the region has high ownership of cars, but the rental & leasing services are growing only among the leisure, religious & business tourists. The market still has a long way to capture the local population. Across the region, the market players are heavily investing for expansion and thus offering a wide range of services to penetrate into a larger segment of the population. Further based on rental type segmentation, chauffeur drive or taxi services segment acquired a major share in Saudi Arabia car rental & leasing market i.e. 38% in 2017.
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On the basis of our in-depth analysis, Saudi Arabia Car Rental & Leasing Marketcan be segmented as follows:
By Rental Type
- Chauffeur Drive
- Special Events
- Business Rental
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
“Saudi Arabia Car Rental & Leasing Market Report 2025” by Goldstein Research contains detailed overview of the Saudi Arabia car rental & leasing market. The report highlights the competitive outlook of major Saudi Arabia players that includes business strategies, product portfolio, revenue distribution, financial analysis, services innovations and investments. The in-depth analysis of car rental & leasing market report will help the clients to assess their business strategies as per the competitive environment in the market space.Major players of the Saudi Arabia car rental & leasing market discussed in the report are: Hertz Corporation, Sixt, Avis Corporation Regency, Strong car rental, Auto rent, Market Rent- A- Car, Al- Mulla, Fast Rent-A-Car, City Car, Al Sayer, Europcar, etc.
Further, the Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. It also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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