Middle East Vehicle Leasing Market (2020-2026) | Size, Share, Trends, Analysis, Growth, Revenue, Forecast, industry, Outlook & COVID-19 IMPACT

Latest Development (2022) in Middle East Vehicle Leasing Market

Middle East Vehicle Leasing Market is expected to register potential growth during the upcoming years on account of rising penetration towards travel and tourism. Rising penetration towards low maintenance and the initial cost is driving the Middle east Vehicle Leasing Market Growth. Moreover, surging disposable income along with improvement in the standard of living is driving the demand for premium vehicles. The growing quality and increasing level of comfort along with various benefits associated with leasing cars such as no money blockage are adding to the Middle East Vehicle Leasing Market Share. 

Middle East Vehicle Leasing Market Synopsis

The Middle East Vehicle Leasing market report is a part of the Global Vehicle Leasing Market report and thoroughly covers the market by lease type, vehicle type, and key countries including UAE, Turkey, Kuwait, Qatar, Saudi Arabia, Bahrain, Oman, and the Rest of the Middle East. The Middle East Vehicle Leasing market outlook report provides an unbiased and detailed analysis of the ongoing Middle East Vehicle Leasing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Middle East Vehicle Leasing Market is driven by the growing automotive industry, growing tourism sector coupled with increasing investment in travel infrastructure. The key aspects boosting the growth of the vehicle leasing market in the Middle East are improving the economic conditions of the region, stability, and a high percentage of the expatriate population. Moreover, low financial commitment, minimum repairing cost, and vehicle reliability would further fuel the demand for the vehicle leasing market in the Middle East.

According to 6wresearch, Middle East Vehicle Leasing Market size is expected to grow during 2020-2026. The growing awareness regarding the benefits associated with vehicle leasing is driving the growth of the market. The rising adoption of car rental management software is also adding to the development of the market. The low cost of maintenance services is also one of the major factors driving the growth of the market. 

COVID-19 Impact on Middle East Vehicle Leasing Market

The Middle East market is expected to register a decline in the automotive industry as well as in economic growth during the first quarter of 2020 on account of the outbreak of COVID-19 which has a worse impact on worldwide business. However, the market in the Middle East is anticipated to register a healthy growth and recovery in the economic condition during the second half of 2020-2026. In terms of lease type, the open-ended segment is expected to lead the vehicle leasing market revenue share in the Middle East as the open-ended leases provide superior control of asset utilization and disposal and also due to its major usage in commercial business leasing which holds the higher market revenue share in the industry.

Market Analysis By Country

In the region, UAE and Saudi Arabia are expected to dominate a major revenue share in the vehicle leasing market share during the forecast period in the Middle East owing to increasing demand for vehicle leasing, changing lifestyles, and social needs. In terms of vehicle types, the passenger car segment is anticipated to lead the vehicle leasing market revenue share in the Middle East owing to an increase in the production and sale of passenger cars coupled with the growing demand for passenger cars in the region.

Key Players in The Market

Some of the key players in the Middle East Vehicle Leasing market are:

• Theeb Rent a Car
• Hertz Corporation
• Budget Rent-A-Car
• Hanco Automotive

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of The Reports

• Middle East Vehicle Leasing Market Overview
• Middle East Vehicle Leasing Market Outlook
• Middle East Vehicle Leasing Market Forecast
• Historical Data of Middle East Vehicle Leasing Market Revenues and Volumes, for the Period 2016-2019.
• Market Size & Forecast of Middle East Vehicle Leasing Market Revenues and Volumes, until 2026.
• Historical Data of Middle East Vehicle Leasing Market Revenues and Volumes, by leasing type, for the Period 2016-2019.
• Market Size & Forecast of Middle East Vehicle Leasing Market Revenues and Volumes, by leasing type, until 2026.
• Historical Data of Middle East Vehicle Leasing Market Revenues and Volumes, by vehicle type, for the Period 2016-2019.
• Market Size & Forecast of Middle East Vehicle Leasing Market Revenues and Volumes, by vehicle type, until 2026.
• Historical Data of Kuwait Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Kuwait Vehicle Leasing Market Revenues and Volumes until 2026.
• Historical Data of Qatar Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Qatar Vehicle Leasing Market Revenues and Volumes until 2026.
• Historical Data of UAE Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of UAE Vehicle Leasing Market Revenues and Volumes until 2026.
• Historical Data of Turkey Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Turkey Vehicle Leasing Market Revenues and Volumes until 2026.
• Historical Data of Saudi Arabia Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Saudi Arabia Vehicle Leasing Market Revenues and Volumes until 2026. Historical Data of Oman Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Oman Vehicle Leasing Market Revenues and Volumes until 2026.
• Historical Data of Bahrain Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Bahrain Vehicle Leasing Market Revenues and Volumes until 2026.
• Historical Data of Qatar Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Qatar Vehicle Leasing Market Revenues and Volumes until 2026.
• Historical Data of Kuwait Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Kuwait Vehicle Leasing Market Revenues and Volumes until 2026.
• Historical Data of the rest of Middle East Vehicle Leasing Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of the rest of Middle East Vehicle Leasing Market Revenues and Volumes until 2026.
• Market Drivers and Restraints
• Middle East Vehicle Leasing Market Price Trends
• Middle East Vehicle Leasing Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East Vehicle Leasing Market Share, By Players
• Middle East Vehicle Leasing Market Share, By Regions
• Middle East Vehicle Leasing Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Middle East Vehicle Leasing Market report provides a detailed analysis of the following market segments:

By Lease Type:

• Open-Ended
• Close Ended

By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

By Countries

• Kuwait
• Qatar
• Turkey
• Bahrain
• Oman
• UAE
• Saudi Arabia
• Rest of the Middle East

Middle East Vehicle Leasing Market: FAQs