The
market research report by Ken Research titled “Middle
East Car Rental and Leasing Market Outlook to 2020 - Augmentation in Qatar
and Oman Coupled with Demand for Car Leasing to Shape Future”
provides a comprehensive analysis of the Car Rental and Vehicle Leasing market in
Middle East along with information on toll applications. The report covers
various aspects such as market size of Middle East Car Rental market on basis
of revenues and fleet size with in-depth analysis of UAE, Saudi Arabia, Kuwait,
Oman, Egypt, Qatar, Bahrain and Jordan car rental markets. The report provides
segmentation on the basis of Car Leasing, short term car rental and chauffeur
driven car rental, by on-airport and off-airport, by regions, by mode of
booking, by purpose of booking, and by organizational structure for car rental
market. The report offers insights on car leasing market size and segmentation
by industry verticals, term of contracts and vehicle type for car leasing
market in UAE, Saudi Arabia, Kuwait, Oman, Egypt, Qatar, Bahrain and Jordan and
segmentation of overall Middle east car rental market by geography and business
segments. The report is useful for industry consultants and analysts, car
rental companies and new players venturing in the market.
The Car Rental
Market in Middle East will continue to grow at a considerable rate in the
coming years. The market for car rental in Middle East has been driven by
countries such as Oman, Qatar, Bahrain and Kuwait. Countries such as Saudi
Arabia and UAE constitute for a major portion of car rental revenues across the
Middle East region. The market for car rental in the country has been driven by
the rise in demand for local players in Middle East although the market has
been dominated by players such as Hertz Corporation, Sixt, Avis Corporation and
Europcar. Local players predominant in the Middle East Car Rental Industry are
Regency, Strong car rental, Auto rent, Market Rent- A- Car, Al- Mulla, Al Sayer
and others.
Improving
economic conditions, high proportion of expatriate population, stability,
growth of tourism and investment in travel infrastructure has led to a growth
in Middle East car rental industry. Over the past five years from 2010-2015,
the car rental industry in Middle East has posted an average annual growth rate
of 2.8% in revenues.
According to the
research report, the revenues for the car rental market are expected to incline
at a CAGR of around 7% during the period 2016-2020, with the revenues expected
to be mounted to USD 1.7 billion by 2020. The fleet size of car rental market
in the region is expected to reach around 400K by 2020.
The decline in
expatriate population in various countries (majorly Kuwait) due to the
enunciation of government regulation is likely to defy the long term car rental
market in the region. FIFA world cup hosting by Qatar in 2022 and expansion of
petroleum projects by Kuwait National Petroleum Corporation is likely to be one
of the major drivers in the car rental market in the Middle East region.
“Larger and diversified fleet size with flexible
renting options would help the competitors in the market to grow and incline
their share in the market pie. This along with the presence of offices of
various car rental firms across various airport terminals and other important
locations in the region will help the augmentation of the revenues of car
rental companies”, according
to the
Research Analyst, Ken Research.
Key Topics
Covered in the Report:
Middle
East Car Rental Market
-
Market Size by Revenue and Fleet Size
-
Market Segmentation by
o
Geography
o
Business Segments
-
Trends and Development
-
Government Regulations
-
Competition and Market Share
-
Company Strategies of Major Players in the Market
-
Future Outlook
-
Key Opportunities in Market
Saudi
Arabia Car Rental Market
-
Market Size by Revenue and Fleet Size
-
Market Segmentation by
o
Business Segments
o
Chauffeur driven on airport or off airport
o
Booking method
o
Car trips
o
Major cities
o
Organized- unorganized
o
Car leasing by industry verticals, term of contract and car type
-
Trends and Development
-
Government Regulations
-
Traveler’s Profile by age and gender
-
Competition and Market Share
-
Future Outlook
-
Macro Economic Variables
UAE
Car Rental Market
-
Market Size by Revenue and Fleet Size
-
Market Segmentation by
o
Business Segments
o
Chauffeur driven on airport or off airport
o
Booking method
o
Car trips
o
Major cities
o
Organized- unorganized
o
Car leasing by industry verticals, term of contract and car type
-
Trends and Development
-
Government Regulations
-
Traveler’s Profile by age and gender
-
Competition and Market Share
-
Future Outlook
-
Macro Economic Variables
Kuwait
Car Rental Market
-
Market Size by Revenue and Fleet Size
-
Market Segmentation by
o
Business Segments
o
Chauffeur driven on airport or off airport
o
Booking method
o
Car trips
o
Major cities
o
Organized- unorganized
o
Car leasing by industry verticals, term of contract and car type
-
Trends and Development
-
Government Regulations
-
Traveler’s Profile by age and gender
-
Competition and Market Share
-
Future Outlook
-
Macro Economic Variables
Egypt
Car Rental Market
-
Market Size by Revenue and Fleet Size
-
Market Segmentation by
o
Business Segments
o
Chauffeur driven on airport or off airport
o
Booking method
o
Car trips
o
Major cities
o
Organized- unorganized
o
Car leasing by industry verticals, term of contract and car type
-
Trends and Development
-
Government Regulations
-
Traveler’s Profile by age and gender
-
Competition and Market Share
-
Future Outlook
-
Macro Economic Variables
Oman
Car Rental Market
-
Market Size by Revenue and Fleet Size
-
Market Segmentation by
o
Business Segments
o
Chauffeur driven on airport or off airport
o
Booking method
o
Car trips
o
Major cities
o
Organized- unorganized
o
Car leasing by industry verticals, term of contract and car type
-
Trends and Development
-
Government Regulations
-
Traveler’s Profile by age and gender
-
Competition and Market Share
-
Future Outlook
-
Macro Economic Variables
-
Snapshot of Qatar , Bahrain and Jordan car rental markets and
future outlook
Key Products
Mentioned in the Report
Car
Leasing
Short
Term Car Rental
Chauffeur
Driven Car Rental
Companies Covered
in the Report
Hertz
Avis
Hala
Thrifty
Europcar
Sixt
Budget
Hanco
Best
Autorent
Sixt
Al-Mullah
Al
Sayer
Sefeena
Ousol
Diamond
Lease
Patriot
Rent a Car
Super Price Rent a Car
National
Payless
Kayak
Mark
rent a car
For more
information on the report, refer to below link:
Related Reports:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
