Saudi Arabia Car Rental Market Driven by Growth in End User Industries, Increase in Number of Establishments and Growing Working Force: Ken Research - PowerPoint PPT Presentation

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Saudi Arabia Car Rental Market Driven by Growth in End User Industries, Increase in Number of Establishments and Growing Working Force: Ken Research

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The leasing fleet provided by car rental and car dealer companies has been considered. The contract value has been computed on an accrual basis. For more information on the research report, refer to below link: – PowerPoint PPT presentation

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Title: Saudi Arabia Car Rental Market Driven by Growth in End User Industries, Increase in Number of Establishments and Growing Working Force: Ken Research


1
Saudi Arabia Car Rental Market Driven by Growth
in End User Industries, Increase in Number of
Establishments and Growing Working Force Ken
Research
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(No Transcript)
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Saudi Arabia long term car leasing market in
terms of transaction value, segmentation on the
basis of end users (Logistics, FMCG Home
Delivery, Construction, Oil Gas Sector,
Government sector and others), by regions
(Central, Western, Eastern, Northern and Southern
region), by players (car rental companies and car
dealers on the basis of fleet size). The report
also covers car rental/ leasing eco-system demand
side and supply side, trends and developments,
regulatory scenario and a case study on budget
car Rental Company and its success factors and
key operation metrics. Competitive landscape of
the industry and comprehensive profile of leading
players (Budget, Hanco, Best Rent A Car, Theeb
Rent A Car, shary
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Rent A Car, Avis, Auto World, Hertz, Key Rent A
Car and Samara) Market share of major car dealers
and car rental companies in the market, car
leasing fleet by car category, competition
success factors. Ken Research in its latest
study, Saudi Arabia Car Leasing Market Outlook
to 2022 By Car Rental and Car Dealers, By End
Users (Logistics, FMCG Home Delivery, Oil and
Gas, Construction, Government offices, Others),
suggests that demand for long term car
rental/leasing services in the country will grow
at a positive growth rate owing to growth in end
user industry, emergence of new establishment and
growing workforce, coupled with car leasing
service providers focusing on expanding their
service portfolio and increasing their fleet
size. Expected growth in logistics and
construction industries, advancement in
technology platforms for better fleet management
and client servicing, increasing number of
players in long term car leasing industry will
drive growth of Saudi Arabia long term car
leasing market in upcoming years.
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  • It is expected that logistics, FMCG and Home
    Delivery, Oil Gas sector will account for more
    than 75 of the total transaction value by 2022.
  • Saudi Arabia long term car leasing industry is
    expected to grow at a moderate growth rate during
    the forecasted period on the back of strong
    tourist flows, growth in end user industries such
    as FMCG, Construction, Oil Gas and other
    sectors. The car rental companies will dominate
    the long term car leasing service market by
    expansion of services to other regions, reducing
    service prices and increasing their fleet size to
    meet increasing demand. During the forecasted
    period, car rental companies are expected to
    upgrade their IT platform to deliver better
    service experience, flexibility and security to
    the customers for better fleet management.
  • With slump in Oil and Gas sector in the past few
    years, the car rental businesses have been
    increasingly focusing on non-oil sectors such as
    FMCG, Logistics, Construction to boost their
    revenue and expand market share, it will also
    help them to reduce dependence on the Oil Gas
    sectors growth. Under the National
    Transformation Program (NTP) 2020 and the Saudi
    Arabia Vision 2030, the government plans to
    develop sea

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ports, railway lines, airports and manufacturing
facilities, with an aim to reduce the country's
dependency on the oil sector and reduce
unemployment, which makes construction as an end
user segment, a promising market for car leasing
services players. The car rental companies are
also expected to increase the number of fleets as
to meet the increased demand from end users such
as travel companies, logistics, home delivery,
construction sector and to support their
expansion plans to regions which are still
undeveloped. With the presence of large number
of government offices, large MNCS and rising
capital inflows, Central Region seems to be a
promising region for car leasing companies in
future. Riyadh is the top spot for hotel
construction in the country with about 50
projects underway, which makes this province
quite promising for car leasing services,
according to the Analyst at Ken Research.
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  • Key Topics Covered in the Report
  • Car rental market in Saudi Arabia
  • Car leasing services in Saudi Arabia
  • Car Leasing Industry KSA
  • Long Term Car Leasing Market in Saudi Arabia
  • Long Term Car Leasing Fleet in KSA
  • Saudi Arabia Car Rental Market Size
  • Major Players in Saudi Arabia Car Leasing Market
  • Car Leasing Companies in Saudi Arabia
  • Competition in Saudi Arabia Car Leasing Market
  • Saudi Arabia Car Leasing Market Future Growth
  • Budget Saudi Arabia Car Leasing Market Share
  • Hanco Saudi Arabia Car Leasing Industry
  • Best Rent a Car Revenue from Car Leasing Saudi
    Arabia
  • Saudi Arabia Car Leasing Market Future
  • Car Leasing Industry Trends Saudi Arabia
  • Market Share Leading Car Leasing Saudi Arabia
  • Car Leasing Companies in Saudi Arabia

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  • Car Leasing Forecast Saudi Arabia
  • Car Broker Leasing Fleet Saudi Arabia
  • Logistics User Car Leasing Saudi Arabia
  • Car Leasing Business Saudi Arabia
  • Commercial Car Leasing Saudi Arabia
  • Car Leasing Revenue Saudi Arabia
  • Shary Car Leasing Business Saudi Arabia
  • Central Region Car Leasing Growth KSA
  • Riyadh Car Leasing Market
  • Dammam Car Leasing Industry
  • Makkah Car Leasing Market
  • Medina Car Leasing Business Growth
  • For more information on the research report,
    refer to below link
  • https//www.kenresearch.com/automotive-transportat
    ion-and-warehousing/automotive-and-automotive-comp
    onents/saudi-arabia-vehicle-leasing-market/143546-
    100.html

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  • Related Reports by Ken Research
  • https//www.kenresearch.com/automotive-transportat
    ion-and-warehousing/automotive-and-automotive-comp
    onents/uae-car-rental-leasing-market/42906-100.htm
    l
  • https//www.kenresearch.com/automotive-transportat
    ion-and-warehousing/automotive-and-automotive-comp
    onents/thailand-car-rental-market/137098-100.html
  • https//www.kenresearch.com/automotive-transportat
    ion-and-warehousing/automotive-and-automotive-comp
    onents/indonesia-car-rental-market/136319-100.html
  • Contact
  • Ken Research
  • Ankur Gupta, Head Marketing Communications
  • sales_at_kenresearch.com
  • 91-124-4230204

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