Focus on Embracing Digitization, Growing Tourism, New Government Initiatives and Entry of Online portals in the market are major factors contributing towards development of Car Rental Market in Bahrain.
- Bahrain and Saudi Arabia are committed to enhancing joint cooperation in developing infrastructure, road services, and city and region planning, by benefiting from experiences and exchanging engineering expertise.
- Self-drive, a UAE-based online car rental firm, has revealed its plan to expand its geographical footprint by launching in Qatar and Bahrain, following the app’s growing popularity and success that will now cater to the needs of individual customers, business executives, visitors and corporates.
Cybersecurity pillar for Bahrain progress: Bahrain’s keenness to develop the ICT infrastructure and adopt many initiatives and projects to improve the readiness and security of information, in a way that enhances its advanced world-standard digital infrastructure and contributes to protecting its cybersecurity. The Kingdom is one of the leading countries in the region in the field of cybersecurity. It has launched the necessary initiatives and set up the basic rules of cybersecurity to put in place a robust and sustainable electronic environment, capable of confronting the increasing cyber challenges.
Bahrain committed to resolving air pollution and improving traffic flow: The new infrastructure plans will work to improve air quality and reduce traffic in the Kingdom. According to a study conducted by Pub Med Central, Bahrain has a high annual concentration of PM 2.5, and now citizens are starting to become aware to the health risks associated with air quality. According to UN Environment, reducing emissions from transport is a critical factor in decreasing air pollution in the Kingdom of Bahrain. Transport in Bahrain relies heavily on roads, with private cars being the most dominant mode of transportation.
New Government Initiatives and Big boost for Bahrain: 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.
Analysts at Ken Research in their latest publication “Bahrain Car Rental Market Outlook to 2027F- Driven by Type of Market Structure (Organized and Unorganized), by Type of Car (Sedan, Hatchback, SUV, Van, Crossover, Others), By Booking Type (Online booking, Offline booking), By End User Type (Self-driven, Chauffeur) and By Vehicle Type (Economy cars, Luxury cars)” by Ken Research observed that Car rental market is an emerging automotive market in Bahrain at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for car rental industry, with rising tourism in Bahrain is expected to contribute to the market growth over the forecast period. The market is expected to grow at ~% CAGR during 2022-2027F owing to the factors mentioned above.
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
By End User Type
Self-driven
Chauffeur
By Vehicle Type
Economy cars
Luxury cars
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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
For more insights on the market intelligence, refer to below link:-
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