Saudi Arabia Car Rental and Leasing Market Research Report to 2023: Ken Research

How Car Rental and Leasing Market Is Positioned in Saudi Arabia?

The Car Rental & Leasing Market in Saudi Arabia is currently at its growth stage. Increase in number of establishments and growing tourism industry has been complimenting the market size of this industry, coupled with increasing employment rate and GDP. The market has grown significantly during the period 2013 to 2018, though a drop has been registered in the market during 2015-2016 owing to recession period in Saudi Arabia. The Saudi Arabia car leasing segment is primarily dominated with corporate demand especially from the industries such as logistics, construction and oil and gas sector with considerable demand for transportation of equipment and employee mobility. The logistics industry has the biggest share in terms of demand followed by FMCG & E-commerce industry, while the demand from government & semi- government offices and others grew at a stable rate in 2018. The increasing market size of industries such as construction and e-commerce will directly impacts the growth rates of car rental industry in the country as with the increase in number of construction contracts, the demand for more rental car for transportation and corporate visitors will increase in the market

The increasing number of tourist arrivals especially during the festivals such as Eid Al- Fitr & Eid Al- Adha has helped the revenue to grow at a CAGR of ~% during the review period. Few of the car rental companies United International Transportation Company (Budget), Hanco rent a car, Theeb rent a car, Best rent a car, Key rent a car, Al Wefaq rent a car, Hertz rent a car, Avis rent a car, and Samara rent a car, Al Tayyar rent a car and others. These companies are providing services such as repair & maintenance, on road assistance, 24*7 customer support, comprehensive insurance package and service centre and mobile workshops etc. Nowadays, there are many rental companies that are providing limousine service to their clients to increase their client retention rate.

The market witnessed a growth at the rate of approximately ~% in terms of revenue and fleet during the review period of 2013 to 2018.

Which Type Of Vehicle Has Been More Successful In 2018?

The market is dominated by the SUV with or without luggage and pickup cargo cars based on the fleet size in 2018. This is due to the high usage of rental & leasing cars by corporate for transportation. SUV and pick cargo cars are comparatively big in size with luggage compartments and thus suitable for handling of equipments and tools. The major demand for these cars occurs from logistics, telecommunication and construction industries. In terms of rental cars, SUV is preferred as generally tourists arrive in group of 6-7 people. SUV with or without luggage and pickup cargo cars accounts for ~% share of the fleet size into car rental & leasing market in Saudi Arabia. The second most preferred vehicle in car leasing is medium category which includes cars such as Honda Accord. This is due to the increasing employment rate in the kingdom and people opt to lease cars compared to buy them as it is comparatively cheaper. The corporate demands for medium category cars for meeting the requirements for client visits and employee mobility. Medium category cars accounted for ~% share on the basis of fleet size in car rental & leasing market in Saudi Arabia.

Share of Different Regions in KSA Car Rental and Leasing Market

The central province is dominating the market in terms of fleet size in Saudi Arabia car rental and leasing market. This is due to the presence of large number of industries in this region particularly in Riyadh and Jeddah. Also, Riyadh is the most populous city in Saudi Arabia and thus, in order to capture the individual and corporate demand for leasing and rental, companies keep their maximum fleet in this region. The central region accounts for ~% share of the total fleet size in Saudi Arabia .The second ranked region in terms of fleet size is western province. This is due to the presence of institutions and universities in this region. Also, western region is the most popular tourist destination due to cities such as Mecca & Medina. These places are the major pilgrimage attractions in Saudi Arabia. Considering the demand from corporate and tourism industry, car rental companies maintain a significant number of cars in western region. Western province accounts for ~% share of the total fleet size in car rental & leasing market in Saudi Arabia.

What are the Major Challenges in the Saudi Arabia Car Rental & Leasing Market?

Saudization is posing as a major challenge for international car rental companies and car dealers. The saudization supports the employment of Saudi nationals into car rental companies and discourages foreign employees. This ban led to the shutdown of many small car rental companies in the market. This law results into low profit for the companies as they need to pay high salaries to Saudi’s workers. The car rental companies are also facing major challenge from the government initiative of developing public transport in Saudi Arabia. SAPTCO has been established in order to improve the public modes of transport. This creates a threat for car rental companies as individual would start shifting towards public mode of transport as they would be available at cheaper rates. Increased premium by insurance company on rental cars is also creating hindrance in the growth of Saudi Arabia car rental industry. Insurers hiked compulsory motor third party liability insurance premiums due to the risk and losses suffered during the period of recession. Many insurance companies now refuse to provide insurance coverage to rental companies due to which there is a situation of monopoly where the prices are in the hands of few insurance companies. As insurance is the pre-requisite demand from corporate and individuals, thus it is a big challenge for car rental companies in the market.

Key Segments Covered in Saudi Arabia Car Rental & Leasing Market

By Car Dealers & Car Rental Companies (On the basis of fleet size)

Car Dealers

Car Rental Companies

By Type of vehicle (On the basis of fleet size)

SUV with or without luggage and pickup & cargo cars

Medium category

Small category

Premium/ Luxury

By Duration (On the basis of fleet size)

1-2 years

More than 2 years but less than 4 years

4 years

More than 4 years

By Region (On the basis of fleet size)

Central

Western

Eastern

Southern

Northern

By End User (On the basis of fleet size)

Logistics

FMCG & e-commerce

Oil & Gas

Construction

Government& semi- government offices

Other Industries

By User (On the basis of fleet size)

Corporate

Individual

By On Airport & off Airport (On the basis of revenue)

On Airport

Off Airport

Time Period Captured in the Report:

Historical Period: 2013-2018

Forecast Period: 2019-2023

Key Target Audience

Car Rental Companies

Car Dealers

End User Industries

Individuals

Companies Covered:

United International Transportation Company (Budget)

Hanco rent a car

Best rent a car

Theeb rent a car

Al Wefaq rent a car

Hertz rent a car

Avis rent a car

Autoworld rent a car

Samara rent a car

Al Tayyar rent a car

Key rent a car

Ford Aljazerah

Al Jomaih

Universal Motors

Key Topics Covered in the Report

Executive Summary

Research Methodology

Saudi Arabia Car Rental & Leasing Market Size

Saudi Arabia Car Rental & Leasing Market Segmentation

SWOT Analysis of Saudi Arabia Car Rental & Leasing Market

Trends and Development in Saudi Arabia Car Rental & Leasing Market

Issues and Challenges in Saudi Arabia Car Rental & Leasing Market

Regulatory Scenario of Saudi Arabia Car Rental & Leasing Market

Recent Developments in Saudi Arabia Car Rental & Leasing Market

Emerging Technologies in Saudi Arabia Car Rental & Leasing Market

Competitive Scenario in Saudi Arabia Car Rental & Leasing Market

Company Profiles of Major Players in Saudi Arabia Car Rental & Leasing Market

Saudi Arabia Car Rental & Leasing Market Future Outlook and Projections, 2018-2023E

Analyst Recommendation in Saudi Arabia Car Rental & Leasing Market

For more information on the research report, refer to below link:

Saudi Arabia Car Rental and Leasing Market Outlook to 2023

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

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Egypt Logistics and Warehousing Market Analysis: Ken Research

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How Egypt Logistics And Warehousing Market Evolved?

Egypt Logistics and Warehousing Market consist of various activities such as freight forwarding, warehousing, e-commerce logistics, 3PL services, express delivery and more. The market also consist of value-added logistics services such as assembly, consolidation, co-packing, cross-docking, direct store delivery, fulfillment, import/export, inspection, inventory management, module/floors and displays, packaging, pallet exchange, pick and pack, pool distribution, record retention, reverse logistics, sorting, trans-loading, transportation management, and more.

Market size for Egypt Logistics and Warehousing has enhanced from USD ~ Billion in 2013 to USD ~ Billion in 2018, which is majorly due to the instability in the economy. Reduction in FDI along with weakening currency (Egyptian Pound) against the United States Dollar and Euros has influenced the market. Owing to the slump in oil prices across the world, the trade volumes took a severe dip in Egypt and the exports fell significantly in Additionally, Egypt faced a major fall in its import in the year 2016 in comparison to over 2015. However recently in 2017, the market situation has been improving which is expected to continue in the future as well. The growth of Egypt Logistics and Warehousing Market has been supported by development in major industries such as infrastructure and manufacturing. The growth in the food and non-alcoholic sector, retail sector, and increasing players in the e-commerce industry in the country has supported the growth of the Egyptian Logistics and Warehousing market in the country.

The companies in the Egypt Logistics and Warehousing Market usually provide a full range of services such as tracking inland transportation, preparation of shipping and export documents, booking cargo space, negotiating freight charges, freight consolidation, cargo insurance, and filing of insurance claims.

Egypt Freight Forwarding Market and Segmentation

Freight forwarders specialize in arranging storage and shipping of merchandise on behalf of its shippers. They usually provide a full range of services such as tracking inland transportation, preparation of shipping and export documents, booking cargo space, negotiating freight charges, freight consolidation, cargo insurance, and filing of insurance claims.

By Normal and Express Delivery: Normal shipping is considered as ground shipping which tends to move via truck, with a delivery time of 7 to 14 business days in Egypt. Freight Forwarding Segment in Egypt is dominated by Normal delivery as it shares about ~% of the market. On the contrary, express delivery shares a marginal share of ~% which is majorly due to the higher cost in the country.

By Freight Movement: Sea freight segment dominated the Egypt freight forwarding market with a revenue share of ~%, which is majorly due to the country’s geographical location. Egypt is surrounded by the Red sea and the Mediterranean Sea because of which logistics did through sea freight (Ocean freight) is the maximum. Sea Freight is followed by Air Freight and Road Freight with a revenue share of ~% and ~% respectively.

By International and Domestic Freight Forwarding: International freight forwarding has accounted for the majority of the revenues for the overall Egypt freight forwarding market by capturing a massive revenue share of ~% in the year 2018. Strengthening trading relations with the Middle East and European nations such as UAE, Turkey, and Italy has provided a significant boost to the international freight forwarding sector in Egypt. The domestic freight forwarding segment captured the remaining revenue share worth 9.0% in the Egypt freight forwarding a market in the year 2018. The rising number of E-commerce companies and Egyptian retail channel concept in the country has increased the number of shipments to the customers within the country.

By International and Domestic Company: International companies operating in the Egypt freight forwarding market have dominated the market with a revenue share of ~%, thus evaluated at USD ~   Billion in 2018. Targeted entities for international freight forwarding companies are the international MNCs as such they always seek to make alliances with international freight companies backed by extensive service network and brand image in the market. The domestic companies operating in the Egypt freight forwarding market captured the remaining ~% revenue share thus, evaluated at USD ~ Billion in 2018.

By Flow Corridors:

Asia flow corridor was observed as the largest contributor in terms of revenue in the Egypt freight forwarding market by capturing revenue share of ~% in the year 2018, followed by Europe with a market share of ~%. Europe has majorly imported Mineral fuels and oils, electrical machinery and equipment, Plastic and articles thereof, Edible fruits and nuts, Fertilizers and others from Egypt, whereas Egypt has imported Cereals, Mineral Fuels, and oils, machinery and mechanical appliances, Iron and Steel, Pharmaceutical products and others. Middle East, North America, and Other regions account for ~% in 2018.

By Owned and 3PL:

In Egypt Logistics and Warehousing Market 3PL Freight Forwarding Market accounted for ~% in terms of revenue in 2018. It was majorly due to 3PL Companies providing logistics operations to the e-commerce industry. On the contrary, Owned Freight Forwarding contributes about ~% in 2018.

Competitive Landscape in Egypt Freight Forwarding Market

The freight forwarding industry in Egypt was observed as highly fragmented with the presence of both domestic as well as international freight forwarders in the country. However, it is dominated by international players due to their capacities. On the basis of revenue, major freight forwarding companies includes – DHL, FedEx TNT, UPS, and others. Major companies that operate in Sea Freight are Kuehene + Nagel, Panalpina, Expeditors, and Agility, whereas in Air Freight there are majorly three companies that operate in the space which are DHL, UPS, and FedEx-TNT. In Land Freight segment companies that operate are Agility, DHL, Aramex, and Expeditors.

Key Segments Covered:-

Egypt Freight Forwarding Market

By Mode of Freight (Revenue)

Sea Freight

Air Freight

Road Freight

By Type of Freight (Revenue)

International Freight

Domestic Freight

By Flow Corridors (Revenue, Volume of Trade)

Asia

Europe

Middle East

North America

Others

By Integrated and Contract (Revenue)

Contract Freight Forwarding

Integrated Freight Forwarding

By Type of Company (Revenue)

International Companies

Domestic Companies

Warehousing Market

By Business Model (Revenue)

Industrial/Retail

ICD/CFS

Cold Storage

By Type of Storage Space (Area)

Open Yard

Closed Normal

Temperature Controlled

Cold Storage

By End Users (Revenue)

Consumer and Retail

Food and Beverages

Healthcare

Automotive

Others

By Contract and Integrated (Revenue)

Contract

Integrated

Courier, Express, and Parcel Market

By International and Domestic CEP (Revenue)

International CEP

Domestic CEP

By Business Model (Revenue)

B2B

B2C

C2C

By Air and Ground CEP (Revenue)

Air CEP

Ground CEP

E-Commerce Logistics Market

By Delivery Time (Orders)

2 Day Delivery

3 Day Delivery

More Than 3 Day Delivery

By Mode of Payment (Orders)

Cash on Delivery

Online Payment

By Location (Orders)

Intra City

InterCity

Third-Party Logistics (3PL) Market

By Type (Revenue)

Freight Forwarding

Warehousing

Companies Covered

DHL

Agility

Kuehne + Nagel

Aramex

DB Schenker

Customs Storage Company (CSC)

DSV Panalpina

FedEx-TNT

Expeditors

UPS

Nacita

Egypt Post

OCL Egypt

Logistica

Key Target Audience:-

Logistics Companies

Warehousing Companies

Freight Forwarding Companies

Express Logistics Companies

E-Commerce Logistics Companies

Consultancy Companies

E-Commerce Companies

Cold Chain Logistics Companies

Real Estate Companies/Industrial Developers

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2025

Key Topics Covered in the Report:-

Egypt E-Commerce Delivery Market

Egypt Freight Forwarding Companies

Egypt Express Delivery Companies

Egypt Outsourced Logistics Companies

Egypt Inland Container Depot Market

Egypt Container Freight Station Warehousing

Egypt Open Yard Warehousing Market

DHL CEP Market Revenue Egypt

Aramex Egypt Warehousing Space Share

Logistica Egypt Warehousing Space

Kuehne + Nagel Logistics Market Growth Egypt

FedEx-TNT Egypt courier delivery Market

For More Information On The Research Report, Refer To Below Link:-

Egypt Logistics and Warehousing Market Report

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Saudi Arabia Logistics and Warehousing Market Outlook to 2023 (Second Edition) - Expected Recovery in Demand Growth with Rising Infrastructure Spending, Government Reforms and Surge in Trade.

Kuwait Logistics and Warehousing Market Outlook to 2022 - By Freight Forwarding/ Transportation, Warehousing and Value Added Services, E-commerce Logistics, Express Delivery, Third Party Logistics

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com

+91-9015378249

Kuwait Education Market Research Report to 2022: Ken Research

What Was the Growth Story of Kuwait’s Education Sector during 2012-2017?

Kuwait Education Market has grown to KWD ~ million in 2017 from KWD ~ in 2012 at a CAGR of ~ during the same period. The primary reason for the robust market growth during 2012-2014 has been the shift in preference of Kuwaiti parents towards private K-12 players for educating their children. A growing number of private universities were established to cater to the demand for extending quality higher education. This has brought in higher enrollments and revenue, thereby supplementing the overall market. Kuwaiti government focused on digitizing all books from 2011. The increased usage of e-learning and m-learning has improved the caliber of Kuwaiti students in general.

During 2015-2017, expansion in expat population at an alarming rate has been the main driver of the market. With the opportunity to earn higher disposable income and the absence of personal income taxes, people from various countries have been settling in the country. Increasing number of privates schools have been constructed to cater to the growing demand. A trend of rising fee in private schools has also been witnessed due to rising operational costs. The government has continued to partner with elite colleges abroad in a bid to encourage students to enroll in these universities. This has encouraged students to further their studies outside Kuwait, increasing enrollment in test preparation centers.

How has the K-12 performed during the Review Period?

Kuwait’s K-12 education market has grown to KWD ~ million in 2017 from KWD ~ in 2012 at a CAGR of ~ during the same period. The government expenditure during 2012 to 2017 has also grown from KWD ~ to KWD ~. The major trends driving growth within the market have been:-

Shift to Private Schools due to Lack of Modern Technology: It has been analyzed that major public schools have not been equipped with latest technologies such as SMART board interactive displays, tablets, laser printers & strong, consistent Wi-Fi connection, resulting in less interactive ways of teaching hence, a lower quality of education extended. This combined with the higher prestige offered through western curriculums taught in private schools and a higher disposable income earned by citizens in Kuwait has led to higher enrolment in private schools.

Improvement in Standard of Education: In 2015, The Ministry of Education, together with the NCED (National Center for Education Department) and the World Bank launched a five-year technical cooperation agreement focusing on education reforms. The program launched focused on curriculum enhancement & development, effective teaching and school leadership. The program has improved the quality of the teaching & learning, thereby increasing government expenditure.

Growth in Low & High Skill Jobs Opportunities with Higher Pay: High disposable income and no private income taxes have resulted in a strong flow of expats coming to Kuwait. Increased willingness to pay has also expanded the private market.

What Are The Major Customer Decision Making Parameters In Private K-12 School?

Location: Customers are less likely to go to enroll their children in a school that is far away unless the quality of education is superior to closer institutions, to save on time and other resources. Hawalli Governorate is a popular area for good private schools and they cater to many of Kuwait’s populous.

Price: The public education is free of cost to all Kuwaitis. Expats have to enroll their children into private schools. Expats and Kuwaitis earn high disposable income and can afford to send their children to the expensive western schools. For those with limited resources, the options lie mostly in the Indian and Pakistani schools, which are some of the cheapest private schools in the country.

Services Offered: Schools compete on more than quality of education. Extracurricular activities are also an important parameter to focus on and schools cater to fulfill most requirements. Schools provide a Model UN team, music clubs, school trips, and community services. They also offer Olympic size swimming pools, theatre and arts, and sports clubs to get an edge over competitors.

Brand Image: The western schools are very popular due to high prestige attached. However, there is a large Indian and Pakistani population with schools catering specifically to their requirements. Parents place higher trust in a good brand school and are more willing to send their children to these institutions for mind-nurture and physically-development.

Segregation: Most public schools are segregation by gender in Kuwait. There are also schools catering just for girls in the private sector for parents uncomfortable with a co-ed education.

What are the Current Challenges Faced by Customers in K-12 Market?

Teaching/Curriculum Quality:  There is high attrition rate for teachers in this sector generating issues for students to adapt.  Many under-qualified teachers are accepted due to the lack of educators resulting in a substandard level of education. Teachers are sometimes encouraged not to hand-out failing grades, as it lowers the overall passing rate of the school. Many students pass without the required knowledge & skills for that class.

Cost of Education: Education is costly for Non-Kuwaitis. Western schools charge an enormous fee that is not affordable for all customers. Customers who cannot afford the western schools have to enroll in the cheaper Indian and Pakistani schools that may pose as a challenge to children not familiar with the cultural backgrounds.

Over Discipline: Abuse of children, verbal or physical is prohibited by law and yet it is a common occurrence in public schools. 

Availability: Stateless Children (Bidoon) are not guaranteed education for free in the public school and many cannot afford to study in the private schools.

Technology: Smart phones and other recreational gadgets allowed can become distractions from learning for some students. Prolonged exposure at a young age can lead to addiction, weak eyesight and have a negative impact on the psychological development of a child. These gadgets are also sometimes used to cheat but there have been measures put into place to dissuade such activity.

Time Period Captured in the Report

2012-2017 – Historical Period

2018-2022 – Future Forecast

Key Segments Covered

Market Segmentation for Kuwait K-12 Private Education

Market Segmentation by Level of Education (Kindergarten, Primary, Intermediate, Secondary)

Market Segmentation by Gender (Male & Female)

Market Segmentation by Nationality (Kuwaiti & Non-Kuwaiti)

Market Segmentation by School Type (Foreign & Arabic)

Market Segmentation for Kuwait Test Preparation

Market Segmentation by Revenue on the Basis of Type of Test Taken (IELTS, TOEFL, GMAT, GRE, SAT)

Key Target Audience

Private K-12 Schools

Government Organizations

Test Preparation Institutes

Private Vocational Training Institutes

International Schools

International Colleges/Universities

Global E-learning Companies

Investors

For more information on the research report, refer to below link:

Kuwait Education Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249

Landscape of the Worldwide Customer Relationship Management (Crm) Software Market Outlook: Ken Research

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The customer relationship management (CRM) is a tool effectively utilized as a strategy for maintaining the interactions with the patients and this technology aids in coordinating, maintaining and automating the business procedures. The acceptance of the information communication technology (ICT) in the healthcare is positively growing at a great pace and a number of healthcare benefactors have been implementing the CRM software solutions.

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According to the report analysis, ‘Global Healthcare CRM Software Market 2019 by Company, Regions, Type and Application, Forecast to 2024’ states that in the worldwide healthcare CRM software market there are numerous players which proficiently working for leading the fastest market growth and registering the great value of market share across the world during the short span of time while increasing the benefit and applications of the software, spreading the awareness related to the applications of this software, decrease the associated cost and employing young workforce includes amoCRM, Pipedrive, Bitrix24, HubSpot, Thryv, Zendesk, Oracle, Lucrativ, Salesforce.com, Claritysoft and several others.

With the strict government authorities around the globe accentuating the requirement for the higher attention towards advancement of the healthcare facilities and quality of care, the healthcare CRM market encourages just that! As mentioned around the several management books, a problem well understood, is a tricky half solved. Healthcare CRM positively enables for interaction the between patients and healthcare personnel’s, acting as a catalyst in the procedure of communication and care delivery.

Not only has this, the positive growth in the aim on patient engagement, growing requirement for the structured data and technological advanced in the field of communication and information technology are the some of the major aspects propelling the market growth more positively over the near years.

Nonetheless, the Case management is probable to increase at a proficient market share during the forecast period due to effective growth in the chronic disease and behavioral health problems. This management comprises the harmonization between primary healthcare providers, care managers and patients for treatment of a great collision disease.

Transformation in the business model towards the relationship based management, growth in the usage of technology by the healthcare facilities coupled with the increasing sizes of the database, proactive contribution of the patients in the care deliver models, and augmenting the number of infrastructure transitions and restructuring of healthcare databases are the few trends impelling the requirement for the healthcare CRM market. Therefore it can be determined that advancement and standardization of back office gatherings with front office abilities is predicted to make the patient observation more endearing thereby directing the market players to contribute in technological advancements.

Due to the effective existence of the numerous worldwide and local players with exhaustive pricing strategies in place, the corporates are expected to monitor the high switching by end-users. Therefore, over the upcoming years, the healthcare CRM system delivers may concentrate their consideration towards propelling the client loyalty in order to thwart revenue loss.

Hence, it is predicted that in the coming years, it is anticipated that the market of healthcare CRM software will increase around the globe more significantly over the coming decades.

To know more, click on the link below:-

Global Healthcare CRM Software Market Research Report

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Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249