Reports
Reports
Sale
The Saudi Arabia car rental and leasing market size reached approximately USD 2.3 billion in 2022. The market is projected to grow at a CAGR of 9.40% between 2023 and 2028, reaching a value of around USD 3.9 billion by 2028.
Car rental or leasing refers to renting automobiles for a short period of time, ranging from a few hours to a few weeks. Car rental services were traditionally located near primary locations in cities like airports, railway stations, or other busy areas. However, now the services can be availed over the internet on a website or mobile application. Car rental services are essential for people without their own vehicles or tourists visiting a country.
Based on type, the market is segmented into car rental and car leasing. On the basis of propulsion, the market can be bifurcated into ICE and electric. Based on vehicle type, the market is categorised into hatchback, sedan, and multi-utility vehicle and sport utility vehicle. On the basis of mode, the market is divided into online and offline. Based on end use, the Saudi Arabia car rental and leasing market segmentation includes individual and corporation.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia car rental and leasing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
As per the Saudi Arabia car rental and leasing market analysis, sports utility vehicles, or SUVs, are expected to witness high demand in Saudi Arabia over the forecast period. SUVs offer more space and comfort as compared to hatchbacks and sedans, hence families usually prefer renting SUVs for family outings and trips. This also encourages automobile manufacturers to launch more price-sensitive SUVs with advanced features. Moreover, the rise in subscription-based car rental services in Saudi Arabia is also expected to aid the market growth in the forecast period.
Car leasing is expected to hold a significant portion of the Saudi Arabia car rental and leasing market share over the forecast period. Consumers usually prefer to lease a vehicle if it is needed for a longer period of time as it is cost-effective and offers greater flexibility in terms of duration, mileage and type and model of vehicle.
Consumers who require a car for daily commutes and other family requirements also prefer to lease cars instead of renting.
The Hertz Corporation is an American multinational car rental company that was started in 1918. Hertz is one of the largest worldwide vehicle rental companies by sales, locations, and fleet size. Hertz is currently operational in more than 160 countries around the globe.
Avis Budget Group, Inc., founded in 1946, is an American car rental agency holding company. Avis is headquartered in Parsippany, New Jersey, and is the parent company of various top car rental brands, including Avis car rental, Maggiore, MoriniRent, and Zipcar.
SIXT SE is an international mobility service-providing company that deals in the areas of vehicle rental, car sharing, ride-hailing, and subscription. SIXT IS headquartered in Pullach, Munich, Germany and is currently operational in more than 100 countries with offices at over 2000 locations around the globe.
Other market players included in the Saudi Arabia car rental and leasing market report are Hanco (Al Tala’a International Transportation Co. Limited), Key Car Rental Company, Enterprise Holdings, Inc. (National Car Rental), Yelo (Alwefaq Transportation Solutions), Bin Hadi, Europcar International SASU, and Samara (Alturki holding), among others.
REPORT FEATURES | DETAILS |
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Propulsion |
|
Breakup by Vehicle Type |
|
Breakup by Mode |
|
Breakup by End Use |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Car Rental and Leasing Market Overview
8.1 Key Industry Highlights
8.2 Global Car Rental and Leasing Historical Market (2018-2022)
8.3 Global Car Rental and Leasing Market Forecast (2023-2028)
8.4 Global Car Rental and Leasing Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Saudi Arabia Car Rental and Leasing Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia Car Rental and Leasing Historical Market (2018-2022)
9.3 Saudi Arabia Car Rental and Leasing Market Forecast (2023-2028)
9.4 Saudi Arabia Car Rental and Leasing Market by Type
9.4.1 Car Rental
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Car Leasing
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
9.5 Saudi Arabia Car Rental and Leasing Market by Propulsion
9.5.1 ICE
9.5.1.1 Historical Trend (2018-2022)
9.5.1.2 Forecast Trend (2023-2028)
9.5.2 Electric
9.5.2.1 Historical Trend (2018-2022)
9.5.2.2 Forecast Trend (2023-2028)
9.6 Saudi Arabia Car Rental and Leasing Market by Vehicle Type
9.6.1 Hatchback
9.6.1.1 Historical Trend (2018-2022)
9.6.1.2 Forecast Trend (2023-2028)
9.6.2 Sedan
9.6.2.1 Historical Trend (2018-2022)
9.6.2.2 Forecast Trend (2023-2028)
9.6.3 Multi-Utility Vehicle and Sports Utility Vehicle
9.6.3.1 Historical Trend (2018-2022)
9.6.3.2 Forecast Trend (2023-2028)
9.7 Saudi Arabia Car Rental and Leasing Market by Mode
9.7.1 Online
9.7.1.1 Historical Trend (2018-2022)
9.7.1.2 Forecast Trend (2023-2028)
9.7.2 Offline
9.7.2.1 Historical Trend (2018-2022)
9.7.2.2 Forecast Trend (2023-2028)
9.8 Saudi Arabia Car Rental and Leasing Market by End Use
9.8.1 Individual
9.8.1.1 Historical Trend (2018-2022)
9.8.1.2 Forecast Trend (2023-2028)
9.8.2 Corporation
9.8.2.1 Historical Trend (2018-2022)
9.8.2.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 The Hertz Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Avis Budget Group, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 SIXT SE
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Hanco (Al Tala’a International Transportation Co. Limited)
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Key Car Rental Company
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Enterprise Holdings, Inc. (National Car Rental)
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Yelo (Alwefaq Transportation Solutions)
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Bin Hadi
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Europcar International S.A.S.U
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 Samara (Alturki holding)
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio
11.2.10.3 Demographic Reach and Achievements
11.2.10.4 Certifications
11.2.11 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Car Rental and Leasing Market: Key Industry Highlights, 2018 and 2028
2. Saudi Arabia Car Rental and Leasing Market: Key Industry Highlights, 2018 and 2028
3. Saudi Arabia Car Rental and Leasing Historical Market: Breakup by Type (USD Billion), 2018-2022
4. Saudi Arabia Car Rental and Leasing Market Forecast: Breakup by Type (USD Billion), 2023-2028
5. Saudi Arabia Car Rental and Leasing Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
6. Saudi Arabia Car Rental and Leasing Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
7. Saudi Arabia Car Rental and Leasing Historical Market: Breakup by Vehicle Body Style Type (USD Billion), 2018-2022
8. Saudi Arabia Car Rental and Leasing Market Forecast: Breakup by Vehicle Body Style Type (USD Billion), 2023-2028
9. Saudi Arabia Car Rental and Leasing Historical Market: Breakup by Booking Type (USD Billion), 2018-2022
10. Saudi Arabia Car Rental and Leasing Market Forecast: Breakup by Booking Type (USD Billion), 2023-2028
11. Saudi Arabia Car Rental and Leasing Market Structure
In 2022, the market reached an approximate value of USD 2.3 billion.
The market is assessed to grow at a CAGR of 9.40% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach around USD 3.9 billion by 2028.
The major market drivers are the growing tourism sector and the rising penetration of smartphones and the internet in Saudi Arabia.
The key trends of the market are the rising working population in Saudi Arabia owing to the increasing foreign investment in this country and the growing inclination towards luxury vehicles.
The different modes to rent or lease a vehicle are online and offline.
The different types of vehicles that can be rented or leased are hatchback, sedan, and multi-utility vehicles and sport utility vehicles.
The key players included in the market report are The Hertz Corporation, Avis Budget Group, Inc., SIXT SE, Hanco (Al Tala’a International Transportation Co. Limited), Key Car Rental Company, Enterprise Holdings, Inc. (National Car Rental), Yelo (Alwefaq Transportation Solutions), Bin Hadi, Europcar International SASU, and Samara (Alturki holding), among others.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.