Car Rental Market-GCC
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 12.87% (2024-2032)
The GCC car rental market is expanding due to tourism growth, business travel, urbanization, and increasing preference for mobility solutions. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 12.87% from 2024 to 2032.
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GCC Car Rental Market Trends and Drivers
- Expanding tourism industry and increasing preference for rental vehicles over car ownership drive market growth.
- Rising demand for convenient and flexible transportation options, appealing to visitors in areas with limited public transport.
- Business travel and major international events further boost demand for short-term and long-term car rentals.
- Car leasing among expatriates and residents is growing, due to the high costs of car ownership and maintenance.
- Increasing digitalization of services, with online platforms and mobile apps, enhances customer convenience.
- Rising demand for luxury and premium vehicles, driven by affluent population seeking high-end experiences.
- Growing focus on sustainability leading to the introduction of electric and hybrid vehicles in rental fleets.
GCC Car Rental Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest GCC car rental market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Booking Type Insights:
- Offline Booking
- Online Booking
Rental Length Insights:
- Short Term
- Long Term
Vehicle Type Insights:
- Luxury
- Executive
- Economy
- SUVs
- Others
Application Insights:
- Leisure/Tourism
- Business
End-User Insights:
- Self-Driven
- Chauffeur-Driven
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Request for customization: https://www.imarcgroup.com/request?type=report&id=11487&flag=C
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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