Competition Scenario in Bahrain Car Rental Market
In Bahrain Car Rental Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. The major parameters on which these players complete includes increasing demand for car rental services from tourists, business travelers, and locals, introduction of new technologies such as AI and the increasing number of hotels and restaurants.
What is the Expected Future Outlook for the Overall Bahrain Car Rental Market Across the globe?
The Bahrain Car Rental market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Bahrain Car Rental market is driven by favorable government policies and rising tourism in the country. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. The Kingdom of Bahrain has seen a massive growth in population from 1.5Mn in 2017 to 1.52 Mn in 2022 which has led to a remarkable increase in the number of vehicles and expansion of road networks, according to WHO. BTEA has announced launch of special travel packages to welcome GCC tourists, in collaboration with tourist partners which will increase the requirement of rental cars.
The Bahrain Tourism and Exhibitions Authority (BTEA) has announced the launch of special travel packages to welcome GCC tourists, in collaboration with tourism partners. BTEA Chief Executive Officer said that the launch of the packages coincides with the Bahrain Festive Season this December, during which BTEA has prepared a program filled with festivals and events. The tourism packages will grant GCC nationals and residents the opportunity to visit Bahrain with special rates for hotel reservations, access to sightseeing activities tailored to their budget, and entry to various events.
Self-drive, a UAE car rental tech platform is expanding to Qatar and Bahrain due to increase adoption of digital car rental market. Seamless customer experience and range of product offerings will be required. The enhance infrastructure cooperation, Bahrain and Saudi are committed to cooperate in developing infrastructure, road services etc. All these factors are leading to rise in demand for rented cars in Bahrain.
Key Segments Covered in the report:-
Bahrain Car Rental Market
By Type of Market Structure
Organized Channel
Unorganized Channel
By Type Of Car
Sedan
Hatchback
SUV
Van
Crossover
Others
By Booking type
Online booking
Offline booking
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By End User Type
Self-driven
Chauffeur
By Vehicle Type
Economy cars
Luxury cars
Key Target Audience
Car Rental Dealers
Car Rental Equipment Manufacturers and Distributors
Auto Portals
Online Dealers
Car Booking offices
Unauthorized Dealers
Market Research and Consulting Firms
Automotive Companies
Car Renting Companies
Tourism Agencies
Government Bodies & Regulating Authorities
Time Period Captured in the Report:-
Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2022P-2027F
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Companies Covered:-
Leading companies
Montreal Motors Co.
SPC
National Car Rental Bahrain
Kanoo Daily Rental
Hanco
Avis Corporation Regency
Rent- A- Car
Fast Rent A Car
City Car
Budget Bahrain
Sixt SE
Al Sayer
Europcar
Key Topics Covered in the Report:-
Executive Summary
Overview for Vehicle Renting Industry in Bahrain
Ecosystem for Bahrain Vehicle Renting Market
Value Chain Analysis for Bahrain Vehicle Renting Market
Market Size of Bahrain Vehicle Renting Industry
Market size for Bahrain Vehicle Renting Industry on the basis of Value and Number of Fleet, 2017-2022
Bahrain Vehicle Renting Industry Segmentation, 2022
Porter’s Five Forces Analysis of Bahrain Vehicle Renting Market
Growth Enablers in Bahrain Vehicle Renting Market
Trends and Developments in Bahrain Vehicle Renting Market
Issues and Challenges in Bahrain Vehicle Renting Market
Government Regulations and Initiatives
End-User Analysis in Bahrain Vehicle Renting Industry, 2022
Cross Comparison between different End Users
Competitive Landscape in Bahrain Vehicle Renting Industry
Marketing Strategies by some Vehicle Renting Companies
Future Outlook and Projections of the Bahrain Vehicle Renting Industry, 2022-2027F
Analyst Recommendations
Industry Speaks
Research Methodology
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