1. Market Research
  2. > Travel and Tourism
  3. > Travel Services
  4. > Car Rental Market Trends
Saudi Arabia Car Rental and Leasing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Saudi Arabia Car Rental and Leasing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • February 2021
  • 83 pages
  • ID: 6030504
  • Format: PDF
  • Mordor Intelligence LLP


Table of Contents

Search Inside

The?Saudi Arabia Car Rental and Leasing Market?is projected to grow with a CAGR of more than?5?% during the forecast period.

- The market is primarily driven by the factors such as?growing tourism industry in the country including religious visits (Hajj and Umrah) and the growing businesses, which is propelling the demand for rental and leasing cars in the country.
- The leasing car segment in Saudi Arabia is primarily dominated by corporate demand especially from industries such as logistics, construction and the oil and gas sector with demand for transportation of employees.
- However, the norms imposed by the government to employ only locals in the company is hurting the market and has led to force closure of many small businesses in the car rental and leasing market in the Kingdom of Saudi Arabia. Also, the enhancement of public transport in the country by the government is a threat for the market.

Key Market Trends
Increase in Tourist Activity to Help Market Growth

The government of the Saudi Arabia is taking major steps by changing many rules for travelers in the country and making other big investments to build tourist destinations to attract more foreign nationals in the country, which would drive the growth for car rental and leasing market in the country. For instance,

- In September 2019, the country announced a new Visa plan with an aspect of economic reform plan to boost tourism industry and to lower the kingdom’s dependence on oil. The new e-visa plan will include 49 countries from different parts of the world. The government aims to increase the contribution of the tourism sector in the country from 3% to 10% and expect a footfall of around 100 million tourists annually.
- The country is investing in construction of new cities which are dedicated for tourist activities. Construction on new cities is underway, including the $500 billion futuristic city, NEOM, and Qiddiya, an “entertainment super-city,” which are around 25 miles outside the capital, Riyadh.
- The Saudi tourism commission also partnered with the World Travel and Tourism Council, the global organization that represents the private sector of the travel and tourism industry, to help make the kingdom a top five inbound destination with 100 million international and domestic visits, by 2030.

Business Rental has the Largest Market Share

Owing to the economical and infrastructural development in the country, and the rich oil reservoirs, business activities in the country are growing with a very rapid rate. The businesses want to please the arriving guests with luxury and comfort right from their arrival in the country. For this they are opting for renting luxury or premium cars.

In February 2020, Saudi Arabia has announced that there is a rise in number of international businesses in the country by more than 54 %, as compared to 2018. During 2019, 193 new construction, 190 manufacturing and 178 ICT companies were established, compared to 111, 113 and 111 established in the three sectors in 2018 respectively.

Major players in the Global Luxury vehicle rental market are entering into partnership with the existing players in the country to capture the market. For instance, in June 2020, SIXT, the German based international provider of high-end mobility services, has appointed Samara Rent a Car, the car rental, leasing and limousine subsidiary of Alturki Holding as its franchise partner in The Kingdom of Saudi Arabia.

Competitive Landscape
The?Saudi Arabia Car Rental and Leasing Market?is?fragmented, with?many players accounting for a small market share. Some of the prominent companies in the?Saudi Arabia Car Rental and Leasing Market?are Hertz Corporation, Sixt, Avis Corporation?and?others.?There are many startups in the country who are getting money from investors all around the world as the growth prospects in the market are very high.

For instance, in November 2019, Dubai-based pay-per-minute car rental startup Ekar has raised $17.5 million in a Series B round of funding,

In May 2020, Riyadh-based car rental platform Telgani has raised six-figure investment (USD) in a seed round from 500 Startups, Saudi Venture Capital Company, Impact46, and a group of angel investors

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Vehicle Rental in the US - Procurement Research Report

  • $ 1645
  • December 2020
  • 31 pages

Abstract Vehicle Rental Procurement in the US This report is intended to assist buyers of vehicle rental services. Vehicle rental service providers offer passenger cars, trucks and SUVs temporarily in ...

  • United States
  • World
  • Car Rental
  • Industry analysis
  • Crude Oil Price
  • Tourist Arrivals


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on