Middle East Car Rental and Leasing Market is Expected to Reach USD 1.7 billion by 2020: Ken Research

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

-          Porter’s Model

-          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:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/middle-east-car-rental-leasing-market/42895-100.html

Related Reports:

India Self Drive Car Rental Market Outlook to 2020 - Rising Customer Aspirations and Easy Availability of Renting Options to Boost Future Growth

Europe Car Rental Industry Analysis to 2017 - Latvia, Belgium and Ukraine to Stimulate the Market Growth

India Car Rental Market Outlook to 2019 - Rising Online Booking to Drive the Future Growth

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

South Africa Lubricant Market Outlook to 2020 – Inclining Vehicle Sales and Growing Manufacturing and Mining Sector to Drive Future Growth

South Africa Lubricant Market Outlook to 2020 – Inclining Vehicle Sales and Growing Manufacturing and Mining Sector to Drive Future Growth” provides a comprehensive analysis of the automotive and industrial lubricant industry in South Africa. The report covers several aspects such as the market size on the basis of sales revenue and consumption of lubricants in South Africa. The segmentation for lubricants has been presented by major end users, by product type (engine oil, hydraulic oil, greases, industrial gear oils, automotive gear oils and metal working fluids), type of base oil used, distribution channel and organized and unorganized sectors. The report also covers the market share, competitive landscape, strengths and weaknesses of major manufacturers along with their future strategies and production capacities. In addition to this, the report also covers trends, developments, growth drivers, restraints and export import scenario of lubricants in South Africa. Regulatory policies, certification requirements and emission standard have also been covered. This report will help industry consultants, lubricant manufacturers and dealers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

South Africa Lubricant Market

South Africa lubricant market has witnessed considerable growth over the period 2010-2015 and has become a hub of operations for major players such as Shell, Engen, BP/Castrol, Total and Chevron. Consumption of lubricants in South Africa has been reported at ~ thousand tons in 2010. Factors such as inclining vehicle sales and enhancing manufacturing, construction and mining and quarrying sector has propelled the consumption of finished lubricants to ~ thousand tons in 2015.

Aligned to this, the revenues for the lubricants market in South Africa were evaluated at USD ~ million in 2015. On the other hand, the production of finished lubricants in South Africa was posted at ~ thousand tons in 2015. Automotive lubricants have contributed majority of the share in lubricants market in South Africa.

Automotive Lubricant Market

The share of automotive lubricants in the total consumption has inclined from ~% in 2010 to ~% in 2015. On the basis of revenues, they have gathered a share of ~% in 2015. The sales of vehicles in South Africa have augmented from ~ in 2010 to ~ in 2015. Such growth in vehicle sales have provided significant boost to the automotive lubricants market over the period 2010-2015. The growth in share of automotive segment has also been supported by growing use of high performance synthetic lubricants in South Africa which are majorly being demanded by the automotive sector of the country over the period 2010-2015. Within the automotive sector, passenger vehicles have been the largest segment in this category, accounting for a revenue share of ~% in 2015.

Industrial and Machinery Lubricant Market

The share of industrial lubricants has declined slightly relative to the automotive segment. Labor unrest and electricity disruptions in the mining and manufacturing sectors have been the major reasons behind the slight decrease in share of industrial lubricants relative to automotive. Falling revenues of the mining and quarrying sector over the period 2011-2014 has been the major reason behind falling share of industrial lubricants sector relative to the automotive sector. Gauteng is the largest market for lubricants in South Africa. Gauteng has accounted for ~% of total consumption of lubricants in South Africa as of 2015.

Key Topics Covered in the Report:

·         Market size of South Africa Lubricant Market by Revenue and by consumption

·         Market size of South Africa Automotive and Industrial and Machinery Lubricant Market

·         South Africa Lubricant Market Segmentation by Application

·         South Africa Lubricant Market Segmentation by Provinces

·         South Africa Automotive Lubricant Market Segmentation by Major end Users

·         South Africa Automotive Lubricant Market Segmentation by Type of Base Oil Used

·         South Africa Automotive Lubricant Market Segmentation by Distribution Channel

·         South Africa Automotive Lubricant Market Segmentation by Organized and Unorganized Sector

·         South Africa Industrial and Machinery Lubricant Market Segmentation by Major end Users

·         South Africa Industrial and Machinery Lubricant Market Lubricant Market Segmentation by Type of Base Oil Used

·         South Africa Industrial and Machinery Lubricant Market Segmentation by Distribution Channel

·         South Africa Industrial and Machinery Lubricant Market Segmentation by Organized and Unorganized Sector

·         South Africa Industrial and Machinery Lubricant Market Segmentation by Major Types of Lubricants

·         Market Share and competitive Landscape of Leading Manufacturers in South Africa Lubricant Market, 2015

·         Competitive Landscape of Leading Manufacturers in South Africa Lubricant Market, 2015

·         Export-Import of Lubricants in South Africa, 2011-2015

·         South Africa Lubricant Market Future Outlook and Projections, 2016-2020

·         Analyst Recommendations

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

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/south-africa-lubricant-market-report/42049-100.html

Related Reports:

Middle East and North Africa Lubricants Market Outlook to 2019 - Driven by Automotive Demand and Infrastructural Developments

India Lubricants Industry Outlook to 2017 - Focus on Automotive Lubricants and Transforming Channel from Retail PSUs to Bazaar Trade

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249