Saudi Arabia Vehicle Rental Market Outlook (2023-2029) | Size, Share, Trends, Growth, industry, Forecast, Outlook & COVID-19 IMPACT

Market Forecast By Type (Passenger Vehicle, Commercial Vehicle), By Service Type (Spot Rental, Operating Lease, Limo Services), By Rental Type (Long Term, Short Term), By Booking Type (Online, Offline), By Regions (Eastern, Central, Western, Southern) and competitive landscape

Product Code: ETC150140 Publication Date: Aug 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 219 No. of Figures: 63 No. of Tables: 23

Saudi Arabia Vehicle Rental Market Synopsis

The Saudi Arabia vehicle rental market is expected to witness growth, primarily backed by the rapidly growing investment in the tourism sector, robust development of the logistics sector, as well as the rising preference of corporate players towards leasing cars. Furthermore, the government’s initiatives for the diversification of the economy away from oil, led by Saudi Vision 2030, would lead to the establishment of several new commercial entities in the country, thereby propelling the demand for transportation services over the coming years. This, in turn, would also augment the revenues of the vehicle rental market in Saudi Arabia.

Saudi Arabia Vehicle Rental Market OverviewAccording to 6Wresearch, Saudi Arabia Vehicle Rental Market size is projected to grow at a CAGR of 4.7% during 2023-2029. The rapidly growing internet penetration in the country along with the growing inclination of customers, especially young users, to make travel bookings through online and mobile platforms, would bolster the market for online vehicle rental bookings. The airport and seaport expansion projects in the kingdom to strengthen the logistics industry would further drive the demand for commercial rental vehicles over the coming years. The coronavirus pandemic and oil price crash had a significant impact on the Saudi Arabia vehicle rental industry in 2020 on account of reduced mobility, temporary suspension of tourism and commercial activities, as well as reduced spending capacity of people. However, the resumption of tourism and commercial activities, combined with an increase in potential consumer base on account of the anticipated reduction in sales of new cars due to the imposition of 15% VAT from July 2020 and the projected shift of users of public transport to other means for commuting due to hygiene concerns, would help the vehicle rental market to gradually recover in the kingdom over the coming years.

Saudi Arabia Vehicle Rental Market Revenue ShareMarket by Type

Passenger vehicles are the leading contributors to the overall vehicle rental market in Saudi Arabia, owing to the preference of expats and tourists to rent or lease cars as a means to commute. The country’s expanding logistics sector due to growing trade and e-commerce in the country, along with airport and seaport expansion projects, would drive the demand for commercial rental vehicles in the kingdom over the coming years.

Market by Service Type

The spot rental segment held the major share in the overall vehicle rental market in Saudi Arabia in 2020, owing to medical and business travelers in the kingdom, who preferred renting cars for short durations.  Suspension or slowdown of tourism and business activities in 2020 on account of COVID-19 affected the spot rental and limo service market severely while the operating lease segment was relatively resilient as existing owners continued to renew their leases.

Market by Rental Type

The term vehicle rental type garnered a notable revenue share in Saudi Arabia vehicle rental market in 2020 owing to its higher demand from the logistics and industrial sector. In the coming years, the long-term rental type is expected to maintain its dominance on the back of rising hospitality and corporate infrastructure in the kingdom.

Market by Booking Type

The online booking type is expected to witness higher growth over the coming years, owing to additional services, a wider range of options, and promotional offers provided by the companies through online mode. Additionally, COVID-19 also shifted consumer preference to online bookings which minimizes social contact and the post-pandemic habit of booking through online sources is likely to sustain over the medium to long term.

Market by Regions

The central region secured the highest revenue share among all the regions of Saudi Arabia in the overall vehicle rental market during 2020. So, the central region should be a focus region. However, the western region is expected to witness the highest growth due to the growing investments and increasing number of tourists in the western region respectively.

Saudi Arabia Vehicle Rental Market Opportunity AssessmentKey Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Saudi Arabia Vehicle Rental Market Overview
  • Saudi Arabia Vehicle Rental Market Outlook
  • Saudi Arabia Vehicle Rental Market Forecast
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, for the Period 2019-2029F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Type, for the Period 2019-2029F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Service Type, for the Period 2019-2029F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Booking Type, for the Period 2019-2029F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Rental Type, for the Period 2019-2029F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Regions, for the Period 2019-2029F
  • Saudi Arabia Vehicle Rental Market Revenue Share, By Market Players
  • Saudi Arabia Vehicle Rental Market Value Chain
  • Covid-19 Impact on Saudi Arabia Vehicle Rental Market
  • Saudi Arabia Vehicle Rental Market Drivers and Restraints
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Type

  • Passenger Vehicle
  • Commercial Vehicle

By Service Type

  • Spot Rental
  • Operating Lease
  • Limo Services

By Rental Type

  • Long Term
  • Short Term

By Booking Type

  • Online
  • Offline

By Regions

  • Eastern
  • Central
  • Western
  • Southern
Saudi Arabia Vehicle Rental Market: FAQs
Saudi Arabia Vehicle Rental Market size is projected to grow at a CAGR of 4.7% during 2023-2029.
The government’s initiatives for the diversification of economy away from oil, led by Saudi’s Vision 2030, would lead to the establishment of several new commercial entities in the country, thereby propelling the demand for transportation services over the coming years.
Passenger vehicles are the leading contributors to the overall vehicle rental market in Saudi Arabia, owing to the preference of expats and tourists to rent or lease cars as a means to commute.
The online booking type is expected to witness higher growth over the coming years, owing to additional services, a wider range of options, and promotional offers provided by the companies through online mode.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Saudi Arabia Vehicle Rental Market Overview
3.1 Saudi Arabia Vehicle Rental Market Revenues, 2019-2029F
3.2 Saudi Arabia Vehicle Rental Market Revenue Share, By Type, 2022 & 2029F
3.3 Saudi Arabia Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
3.4 Saudi Arabia Vehicle Rental Market Revenue Share, By Booking Type, 2022 & 2029F
3.5 Saudi Arabia Vehicle Rental Market Revenue Share, By Rental Type, 2022 & 2029F
3.6 Saudi Arabia Vehicle Rental Market Revenue Share, By Regions, 2022 & 2029F
3.7 Saudi Arabia Vehicle Rental Market Industry Life Cycle
3.8 Saudi Arabia Vehicle Rental Market Porter’s Five Forces
4. Saudi Arabia Vehicle Rental Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Saudi Arabia Vehicle Rental Market Trends
6. Saudi Arabia Vehicle Rental Market: TAM Analysis
7. Saudi Arabia Vehicle Rental Market Overview, By Passenger Vehicle
7.1 Saudi Arabia Passenger Vehicle Rental Market Revenues, 2019-2029F
7.2 Saudi Arabia Passenger Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
7.3 Saudi Arabia Spot Passenger Vehicle Rental Market Overview
7.3.1 Saudi Arabia Spot Passenger Vehicle Rental Market Revenues, 2019-2029F
7.3.2 Saudi Arabia Spot Passenger Vehicle Rental Market Revenue Share, By Verticals, 2022 & 2029F
7.3.2.1 Saudi Arabia Spot Passenger Vehicle Rental Market Revenues, By Leisure Vertical, 2019-2029F
7.3.2.2 Saudi Arabia Spot Passenger Vehicle Rental Market Revenues, By Tourism Vertical, 2019-2029F
7.3.2.3 Saudi Arabia Spot Passenger Vehicle Rental Market Revenues, By Business Vertical, 2019-2029F
7.4 Saudi Arabia Operating Lease Passenger Vehicle Rental Market Overview
7.4.1 Saudi Arabia Operating Lease Passenger Vehicle Rental Market Revenues, 2019-2029F
7.4.2 Saudi Arabia Operating Lease Passenger Vehicle Rental Market Revenue Share, By Verticals, 2022 & 2029F
7.4.2.1 Saudi Arabia Operating Lease Passenger Vehicle Rental Market Revenues, By Leisure Vertical, 2019-2029F
7.4.2.2 Saudi Arabia Operating Lease Passenger Vehicle Rental Market Revenues, By Tourism Vertical, 2019-2029F
7.4.2.3 Saudi Arabia Operating Lease Passenger Vehicle Rental Market Revenues, By Business Vertical, 2019-2029F
7.5 Saudi Arabia Limo Passenger Vehicle Rental Market Overview
7.5.1 Saudi Arabia Limo Passenger Vehicle Rental Market Revenues, 2019-2029F
7.5.2 Saudi Arabia Limo Passenger Vehicle Rental Market Revenue Share, By Verticals, 2022 & 2029F
7.5.2.1 Saudi Arabia Limo Passenger Vehicle Rental Market Revenues, By Leisure Vertical, 2019-2029F
7.5.2.2 Saudi Arabia Limo Passenger Vehicle Rental Market Revenues, By Tourism Vertical, 2019-2029F
7.5.2.3 Saudi Arabia Limo Passenger Vehicle Rental Market Revenues, By Business Vertical, 2019-2029F
8. Saudi Arabia Vehicle Rental Market Overview, By Commercial Vehicle
8.1 Saudi Arabia Commercial Vehicle Rental Market Revenues, 2019-2029F
8.2 Saudi Arabia Commercial Vehicle Rental Market Revenues Share, By Type, 2022 & 2029F
8.3 Saudi Arabia Bus Rental Market Overview
8.3.1 Saudi Arabia Bus Rental Market Revenues, 2019-2029F
8.3.2 Saudi Arabia Bus Rental Market Revenue Share, By Service Type, 2022 & 2029F
8.3.2.1 Saudi Arabia Bus Rental Market Revenues, By Spot Rental, 2019-2029F
8.3.2.2 Saudi Arabia Bus Rental Market Revenues, By Operating Lease, 2019-2029F
8.3.3 Saudi Arabia Bus Rental Market Revenue Share, By Bus Types, 2019-2029F
8.3.3.1 Saudi Arabia Bus Rental Market Revenues, By VIP/ Luxury Buses, 2019-2029F
8.3.3.2 Saudi Arabia Bus Rental Market Revenues, By Other Buses, 2019-2029F
8.4 Saudi Arabia Truck Rental Market Overview
8.4.1 Saudi Arabia Truck Rental Market Revenues, 2019-2029F
8.4.2 Saudi Arabia Truck Rental Market Revenue Share, By Service Type, 2022 & 2029F
8.4.2.1 Saudi Arabia Truck Rental Market Revenues, By Spot Rental, 2019-2029F
8.4.2.2 Saudi Arabia Truck Rental Market Revenues, By Operating Lease, 2019-2029F
8.5 Saudi Arabia Other Commercial Vehicle Rental Market Overview
8.5.1 Saudi Arabia Other Commercial Vehicle Rental Market Revenues, 2019-2029F
8.5.2 Saudi Arabia Other Commercial Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
8.5.2.1 Saudi Arabia Other Commercial Vehicle Rental Market Revenues, By Spot Rental, 2019-2029F
8.5.2.2 Saudi Arabia Other Commercial Vehicle Rental Market Revenues, By Operating Lease, 2019-2029F
9. Saudi Arabia Vehicle Rental Market Overview, By Service Type
9.1 Saudi Arabia Spot Rental Market Overview
9.1.1 Saudi Arabia Vehicle Rental Market Revenues, By Spot Rental, 2019-2029F
9.1.2 Saudi Arabia Spot Rental Market Revenue Share, By Sectors, 2022 & 2029F
9.1.3 Saudi Arabia Spot Rental Market Revenues, By Sectors, 2019-2029F
9.2 Saudi Arabia Operating Lease Market Overview
9.2.1 Saudi Arabia Vehicle Rental Market Revenues, By Operating Lease, 2019-2029F
9.2.2 Saudi Arabia Operating Lease Market Revenue Share, By Sectors, 2022 & 2029F
9.2.3 Saudi Arabia Operating Lease Market Revenues, By Sectors, 2019-2029F
9.3 Saudi Arabia Limo Service Market Overview
9.3.1 Saudi Arabia Vehicle Rental Market Revenues, By Limo Service, 2019-2029F
9.3.2 Saudi Arabia Limo Service Market Revenue Share, By Sectors, 2022 & 2029F
9.3.3 Saudi Arabia Limo Service Market Revenues, By Sectors, 2019-2029F
10. Saudi Arabia Vehicle Rental Market Overview, By Booking Type
10.1 Saudi Arabia Vehicle Rental Market Revenues, By Online Booking Type, 2019-2029F
10.2 Saudi Arabia Vehicle Rental Market Revenues, By Offline Booking Type, 2019-2029F
11. Saudi Arabia Vehicle Rental Market Overview, By Rental Type
11.1 Saudi Arabia Vehicle Rental Market Revenues, By Long Term Rental Type, 2019-2029F
11.2 Saudi Arabia Vehicle Rental Market Revenues, By Short Term Rental Type, 2019-2029F
12. Saudi Arabia Vehicle Rental Market Overview, By Regions
12.1 Saudi Arabia Central Region Vehicle Rental Market Overview
12.1.1 Saudi Arabia Central Region Vehicle Rental Market Revenues, 2019-2029F
12.1.2 Saudi Arabia Central Region Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
12.1.2.1 Saudi Arabia Central Region Vehicle Rental Market Revenues, By Spot Rental, 2019-2029F
12.1.2.2 Saudi Arabia Central Region Vehicle Rental Market Revenues, By Operating Lease, 2019-2029F
12.1.2.3 Saudi Arabia Central Region Vehicle Rental Market Revenues, By Limo Service, 2019-2029F
12.2 Saudi Arabia Southern Region Vehicle Rental Market Overview
12.2.1 Saudi Arabia Southern Region Vehicle Rental Market Revenues, 2019-2029F
12.2.2 Saudi Arabia Southern Region Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
12.2.2.1 Saudi Arabia Southern Region Vehicle Rental Market Revenues, By Spot Rental, 2019-2029F
12.2.2.2 Saudi Arabia Southern Region Vehicle Rental Market Revenues, By Operating Lease, 2019-2029F
12.2.2.3 Saudi Arabia Southern Region Vehicle Rental Market Revenues, By Limo Service, 2019-2029F
12.3 Saudi Arabia Eastern Region Vehicle Rental Market Overview
12.3.1 Saudi Arabia Eastern Region Vehicle Rental Market Revenues, 2019-2029F
12.3.2 Saudi Arabia Eastern Region Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
12.3.2.1 Saudi Arabia Eastern Region Vehicle Rental Market Revenues, By Spot Rental, 2019-2029F
12.3.2.2 Saudi Arabia Eastern Region Vehicle Rental Market Revenues, By Operating Lease, 2019-2029F
12.3.2.3 Saudi Arabia Eastern Region Vehicle Rental Market Revenues, By Limo Service, 2019-2029F
12.4 Saudi Arabia Western Region Vehicle Rental Market Overview
12.4.1 Saudi Arabia Western Region Vehicle Rental Market Revenues, 2019-2029F
12.4.2 Saudi Arabia Western Region Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
12.4.2.1 Saudi Arabia Western Region Vehicle Rental Market Revenues, By Spot Rental, 2019-2029F
12.4.2.2 Saudi Arabia Western Region Vehicle Rental Market Revenues, By Operating Lease, 2019-2029F
12.4.2.3 Saudi Arabia Western Region Vehicle Rental Market Revenues, By Limo Service, 2019-2029F
13. Saudi Arabia Vehicle Rental Market Overview, By Fleet Size
13.1 Saudi Arabia Regional Vehicle Rental Fleet Share, By Service Type, 2022
13.2 Saudi Arabia Regional Vehicle Rental Fleet Size, By Service Type, 2022
13.2 Saudi Arabia Regional Vehicle Rental Fleet Size, By Vehicle Type, 2022
14. Saudi Arabia Vehicle Rental Market Key Performance Indicators
14.1 Saudi Arabia Travel and Tourism Industry Outlook
14.2 Saudi Arabia Hajj Outlook
14.3 Saudi Arabia Hospitality Sector Outlook
15. Saudi Arabia Government Regulations In Vehicle Rental Market
16. Saudi Arabia Vehicle Rental Market Opportunity Assessment
16.1 Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Type (2029F)
16.2 Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Service Type (2029F)
16.3 Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Booking Type (2029F)
16.4 Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Regions (2029F)
17. Saudi Arabia Vehicle Rental Market Competitive Landscape
17.1 Saudi Arabia Vehicle Rental Market Competitive Benchmarking, By Service Type
17.2 Saudi Arabia Vehicle Rental Market Competitive Benchmarking, By Ownership Type
17.3 Saudi Arabia Vehicle Rental Market Competitive Benchmarking, By Insurance Type
17.4 Saudi Arabia Vehicle Rental Market Competitive Benchmarking, By Operating Parameters
17.5 Saudi Arabia Vehicle Rental Market Revenue Ranking, By Brands, 2022
18. List Of Key Players In Vehicle Rental Business
18.1 List of Key Players in the Bus Rental Service Market
18.2 List Of Key Players (1000-2000 Fleet Size) in the Spot Rental Business 
18.3 List of Key Players in the Limo Service Market in Eastern Province 
19. Company Profiles
19.1 Theeb Rent a Car
19.2 Hanco (Al Tala’s International Transportation Co. Limited)
19.3 Seera Group
19.5 Arabian Hala Company (Avis Car Rental)
19.6 Al-Jazira Equipment Company
19.7 Al Jomaih Auto Rental (Ajar) (Enterprise Rent a Car)
19.8 Al Wasilah Rent a Car Co Ltd (The Hertz Corporation)
19.9 United International Transportation Company (Budget Rent a Car)
19.10 Samara-Sixt KSA
19.11 Al Wefaq Rent a Car
20. Key Strategic Recommendations
21. Disclaimer
List of Figures
1. Saudi Arabia Vehicle Rental Market Revenues, 2019 - 2029F ($ Million)
2. Saudi Arabia Vehicle Rental Market Revenue Share, By Type, 2022 & 2029F
3. Saudi Arabia Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
4. Saudi Arabia Vehicle Rental Market Revenue Share, By Booking Type, 2022 & 2029F
5. Saudi Arabia Vehicle Rental Market Revenue Share, By Rental Type, 2022 & 2029F
6. Saudi Arabia Vehicle Rental Market Revenue Share, By Regions, 2022 & 2029F
7. Saudi Arabia Office Supply Space Expected Deliveries, H2 2021 (000’ Sq.mt. GLA)
8. Total Electric Car Sales in Saudi Arabia, 2019 & 2025F (Units)
9. Saudi Arabia Vehicle Rental Total Addressable Market (TAM), 2022 & 2029F
10. Saudi Arabia Passenger Vehicle Rental Market Revenues, 2019 - 2029F ($ Million)
11. Saudi Arabia Passenger Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
12. Saudi Arabia Spot Passenger Vehicle Rental Market Revenues, 2019 - 2029F ($ Million)
13. Saudi Arabia Spot Passenger Vehicle Rental Market Revenue Share, By Verticals, 2022 & 2029F
14. Saudi Operating Lease Passenger Vehicle Rental Market Revenues, 2019 - 2029F ($ Million)
15. Saudi Arabia Operating Lease Passenger Vehicle Rental Market Revenue Share, By Verticals, 2022 & 2029F
16. Saudi Arabia Limo Passenger Vehicle Rental Market Revenues, 2019 - 2029F ($ Million)
17. Saudi Arabia Limo Passenger Vehicle Rental Market Revenue Share, By Verticals, 2022 & 2029F
18. Saudi Arabia Commercial Vehicle Rental Market Revenues, 2019 - 2029F ($ Million)
19. Saudi Arabia Commercial Vehicle Rental Market Revenue Share, By Type, 2022 & 2029F
20. Saudi Arabia Bus Rental Market Revenues, 2019 - 2029F ($ Million)
21. Saudi Arabia Bus Rental Market Revenue Share, By Service Type, 2022 & 2029F
22. Saudi Arabia Bus Rental Market Revenue Share, By Bus Types, 2022 & 2029F 
23. Saudi Arabia Truck Rental Market Revenues, 2019 - 2029F ($ Million)
24. Saudi Arabia Truck Rental Market Revenue Share, By Service Type, 2022 & 2029F
25. Saudi Arabia Other Commercial Vehicles Rental Market Revenues, 2019 - 2029F ($ Million)
26. Saudi Arabia Other Commercial Rental Vehicles Market Revenue Share, By Service Type 2022 & 2029F
27. Saudi Arabia Vehicle Rental Market Revenues, By Spot Rental, 2019-2029F ($ Million)
28. Saudi Arabia Spot Rental Market Revenue Share, By Sectors, 2022 & 2029F
29. Saudi Arabia Vehicle Rental Market Revenues, By Operating Lease, 2019-2029F ($ Million)
30. Saudi Arabia Operating Lease Market Revenue Share, By Sectors, 2022 & 2029F
31. Saudi Arabia Vehicle Rental Market Revenues, By Limo Service, 2019-2029F ($ Million)
32. Saudi Arabia Limo Services Market Revenue Share, By Sectors, 2022 & 2029F
33. Saudi Arabia Online Vehicle Rental Market Revenues, 2019-2029F ($ Million)
34. Saudi Arabia Bus Rental Market Revenues, 2019 - 2029F ($ Million)
35. Saudi Arabia Long Term Vehicle Rental Market Revenues, 2019-2029F ($ Million)
36. Saudi Arabia Short Term Vehicle Rental Market Revenues, 2019-2029F ($ Million)
37. Saudi Arabia Central Region Vehicle Rental Market Revenues, 2019-2029F ($ Million)
38. Saudi Arabia Central Region Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
39. Saudi Arabia Southern Region Vehicle Rental Market Revenues, 2019-2029F ($ Million)
40. Saudi Arabia Southern Region Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
41. Saudi Arabia Eastern Region Vehicle Rental Market Revenues, 2019-2029F ($ Million)
42. Saudi Arabia Eastern Region Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
43. Saudi Arabia Western Region Vehicle Rental Market Revenues, 2019-2029F ($ Million)
44. Saudi Arabia Western Region Vehicle Rental Market Revenue Share, By Service Type, 2022 & 2029F
45. Number of  small vehicles arriving to Makkah al-Mukarramah carrying pilgrims, 2017-2019
46. Number of minivans arriving to Makkah al-Mukarramah carrying pilgrims, 2017-2019
47. Number of pick-ups arriving to Makkah al-Mukarramah carrying pilgrims, 2017-2019
48. Number of  jeeps arriving to Makkah al-Mukarramah carrying pilgrims, 2017-2019
49. Number of minibuses arriving to Makkah al-Mukarramah carrying pilgrims, 2017-2019
50. Number of buses arriving to Makkah al-Mukarramah carrying pilgrims, 2017-2019
51. The Vehicles carrying domestic pilgrims to Makkah al-Mukarramah by way of arrival, 2019
52. Riyadh hotel performance, 2017 – 2020 (SAR)
53. Jeddah hotel performance, 2017 – 2020 (SAR)
54. Makkah hotel performance, 2017 – 2020 (SAR)
55. Dammam / Al Khobar  hotel performance, 2017 – 2020 (SAR)
56. Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Type, 2029F
57. Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Service Type, 2029F
58. Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Booking Type, 2029F
59. Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Regions, 2029F
60. Saudi Arabia Vehicle Rental Market Competitive Benchmarking, By Operating Parameters
61. Saudi Arabia Vehicle Rental Market Revenue Ranking, By Brands, 2022
62. Riyadh Warehouses & Logistics Demand Projections, 2020E– 2030F (M sqm) 
63. Saudi Arabia E-Commerce Market Cap and Projections , 2017-2024F ($ Million)
List of Tables
1. Saudi Araba Foreign Pilgrims, By Means of Transport (Number of Pilgrims), 2014-2019
2. Saudi Arabia Upcoming Gigaprojects
3. Saudi Arabia Upcoming Tourism, Recreation and Entertainment Projects 
4. Saudi Arabia Upcoming Projects
5. Saudi Arabia Spot Passenger Vehicle Rental Market Revenues, By Verticals, 2019 - 2029F ($ Million)
6. Saudi Arabia Operating Lease Passenger Vehicle Rental Market Revenues, By Verticals, 2019 - 2029F ($ Million)
7. Saudi Arabia Limo Passenger Vehicle Rental Market Revenues, By Verticals, 2017- 2027F ($ Million)
8. Saudi Arabia Bus Rental Market Revenues, By Service Type, 2019 - 2029F($ Million)
9. Saudi Arabia Bus Rental Market Revenues, By Bus Types, 2019 - 2029F ($ Million)
10. Saudi Arabia Truck Rental Market Revenues, By Service Type, 2019 - 2029F ($ Million)
11. Saudi Arabia Other Commercial Vehicles Rental Market Revenues, By Service Type, 2019 - 2029F($ Million)
12. Saudi Arabia Spot Rental Market Revenues, By Sectors, 2019 - 2029F($ Million)
13. Saudi Arabia Operating Lease Market Revenues, By Sectors, 2019 - 2029F($ Million)
14. Saudi Arabia Limo Services Market Revenues, By Sectors, 2019 - 2029F($ Million)
15. Saudi Arabia Central Region Vehicle Rental Market Revenues, By Service Type, 2019 - 2029F ($ Million)
16. Saudi Arabia Southern Region Vehicle Rental Market Revenues, By Service Type, 2019 - 2029F ($ Million)
17. Saudi Arabia Eastern Region Vehicle Rental Market Revenues, By Service Type, 2019 - 2029F ($ Million)
18. Saudi Arabia Western Region Vehicle Rental Market Revenues, By Service Type, 2019 - 2029F ($ Million)
19. Domestic Pilgrims in Saudi Arabia, 2019
20. Foreign Pilgrims in Saudi Arabia, 2019
21. Saudi Arabia Bus Rental Service Companies 
22. Saudi Arabia Vehicle Rental Companies (1,000-2,000 Fleet Size)
23. Saudi Arabia Limo Service Companies, Eastern Province 
 

Market Forecast By Types (Passenger Vehicle, Commercial Vehicle), By Service Type (Spot Rental, Operating Lease, Limo Services), By Rental Type (Long Term, Short Term), By Booking Type (Online, Offline), By Regions (Eastern, Central, Western, Southern) and competitive landscape

Product Code: ETC150140 Publication Date: Feb 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 228 No. of Figures: 63 No. of Tables: 24

The Saudi Arabia Vehicle Rental Market report thoroughly covers the market by type, service type, booking type and region. The Saudi Arabia vehicle rental market outlook report provides an unbiased and detailed analysis of the Saudi Arabia vehicle rental market trends, opportunities high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Latest 2023 Development of the Saudi Arabia Vehicle Rental Market

Saudi Arabia Vehicle Rental Market was growing rapidly and the market has undergone several new developments. The expansion of existing players as they are intensifying their fleets and adding new rental locations throughout the country is driven by the growing demand for rental vehicles from both tourists and locals. The market is also attracting new players, such as the car-sharing platform Careem. Additionally, several new start-ups are emerging in the market which aims to provide innovative solutions. Moreover, the vehicle rental market in Saudi Arabia is closely linked to the tourism sector, and many companies are partnering with hotels to provide bundled rental packages to tourists.

Many companies are introducing electric vehicles into their rental fleets to promote sustainable transport. The Vehicle Rental Industry is also undergoing a digital transformation as many companies are introducing various applications and online booking systems to streamline the rental process and enhance the customer experience. The vehicle rental market in Saudi Arabia is exhibited to grow strong growth and innovation. The major factors driving the growth of this industry include increasing demand from both tourists and locals, as well as the government's focus on sustainable transport

Saudi Arabia Vehicle Rental Market Synopsis

The Saudi Arabia vehicle rental market witnessed decent growth during the period 2017-2019 underpinned by rapid growth in tourism and rising urbanization in the country. However, the Covid-19 pandemic affected the revenues and fleet size of the vehicle rental market significantly due to the moratorium on tourism activities, downscaling of commercial activities, as well as public apprehension about the hygienic treatment of rental vehicles.

Saudi Arabia Vehicle Rental Market Overview

According to 6Wresearch, the Saudi Arabia Vehicle Rental Market size is projected to grow at a CAGR of 4.5% during 2021-2027F. The primary reason for the growth in the Saudi Arabia vehicle rental industry is the rapidly growing investment in the tourism sector, robust development of the logistics sector, as well as the rising preference of corporate players towards leasing cars. Furthermore, the government’s initiatives for the diversification of the economy away from oil, led by Saudi Vision 2030, would lead to the establishment of several new commercial entities in the country, thereby propelling the demand for transportation services over the coming years. This, in turn, would also augment the revenues of the vehicle rental market in Saudi Arabia.

Saudi Arabia Vehicle Rental Market segmentation

Market by Types Analysis

In terms of types, passenger vehicles contributed a 67.7% revenue share in the Saudi Arabia vehicle rental market in 2020 owing to the preference of expats and tourists to rent or lease cars as a means to commute. Moreover, in the coming years rapidly growing tourism sector due to government initiatives to develop recreational and luxury tourism, through projects such as Red Sea Development, as well as the introduction of e-visas for tourists from 49 countries beyond the auspices of religious and medical tourism and easing of tourist restrictions such as strict dress code for women would further bolster the demand for rental vehicles in the country.

Saudi Arabia Vehicle Rental Market Opportunity Assessment, By Types

Market by Distribution Channels Analysis

In 2020, offline distribution channels acquired a 70.0% revenue share in Saudi Arabia vehicle rental market owing to inadequate know-how among people and a high preference for offline modes of booking in logistics and commercial sectors. However, the online booking type is expected to witness higher growth over the coming years, owing to additional services, a wider range of options and promotional offers provided by the companies through online mode. Additionally, COVID-19 also shifted consumer preference to online bookings which minimises social contact and the post-pandemic habit of booking through online sources is likely to sustain over the medium to long term.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.

Key Highlights of the Report

  • Saudi Arabia Vehicle Rental Market Overview
  • Saudi Arabia Vehicle Rental Market Outlook
  • Saudi Arabia Vehicle Rental Market Forecast
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, for the Period 2017-2027F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Type, for the Period 2017-2027F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Service Type, for the Period 2017-2027F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Booking Type, for the Period 2017-2027F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Rental Type, for the Period 2017-2027F
  • Historical Data and Forecast of Saudi Arabia Vehicle Rental Market Revenues, By Regions, for the Period 2017-2027F
  • Saudi Arabia Vehicle Rental Market Revenue Share, By Market Players
  • Saudi Arabia Vehicle Rental Market Value Chain
  • Covid-19 Impact on Saudi Arabia Vehicle Rental Market
  • Saudi Arabia Vehicle Rental Market Drivers and Restraints
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

  • Passenger Vehicle
  • Commercial Vehicle

By Service Type

  • Spot Rental
  • Operating Lease
  • Limo Services

By Rental Type

  • Long Term
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