How big is the Saudi Arabia Car Rental And Leasing Market?

The Saudi Arabia Car Rental And Leasing Market size is expected to reach USD 2.30 billion in 2024 and grow at a CAGR of 9.21% to reach USD 3.57 billion by 2029. Read More

What is the current Saudi Arabia Car Rental And Leasing Market size?

In 2024, the Saudi Arabia Car Rental And Leasing Market size is expected to reach USD 2.30 billion. Read More

Who are the key players in Saudi Arabia Car Rental And Leasing Market?

Hertz Corporation, Hanco Automotive, Budget Rent a Car, Theeb Rent A Car and Lumi Car Rentals are the major companies operating in the Saudi Arabia Car Rental And Leasing Market. Read More

What years does this Saudi Arabia Car Rental And Leasing Market cover, and what was the market size in 2023?

In 2023, the Saudi Arabia Car Rental And Leasing Market size was estimated at USD 2.09 billion. The report covers the Saudi Arabia Car Rental And Leasing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Car Rental And Leasing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

How is technology impacting the Saudi Car Rental Market?

Key factors impacting technology in Saudi Car Rental Market are a) Include the use of telematics b) Mobile apps for better customer service c) Automated management systems for fleet optimization Read More

Saudi Arabia Car Rental And Leasing Market Share

Statistics for the 2023 & 2024 Saudi Arabia Car Rental And Leasing market share, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Car Rental And Leasing share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Saudi Arabia Car Rental And Leasing Industry

The Saudi Arabian car rental and leasing market is fragmented, with most of the market share held by multinational companies such as Lumi Car Rentals, SFL, Theeb Rent a Car, Hertz Corporation, Hanco Automotive, Sixt SE, and Key Car Rental.

The key players in the car leasing market are actively engaged in forming partnerships, mergers, acquisitions, and strategic collaboration to enhance their market presence and market share in Saudi Arabia. For instance,

• In November 2022, Samaco Automotive, the official Audi dealer in Saudi Arabia, signed a contract with mobility service provider Sixt Rent a Car to supply Audi e-tron vehicles beginning in 2022. The all-electric vehicles will be added to the company's fleet and made available to customers.