Kuwait Vehicle Leasing Market is Estimated to Grow at a Positive CAGR of 11% in between 2022E and 2026F: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven by burgeoning youth population, government projects and innovative products in the market Millennials Preferring Leasing Vehicles: The Kuwait Car Leasing Market has witnessed that almost half of the people in the country specially millennials aging between 20 – 40 years prefer to change their vehicle in every few years so to drive a newer model. Hence, they prefer to take a vehicle on lease. Once the lease is complete, they take a new vehicle on lease. Furthermore, with the emergence of new big players in the market like the Automak, Aayan Auto etc, a variety of option is available for the people to choose from at a high discounted price making leasing an attractive option will lead to the growth of leasing vehicle in Kuwait. Increased inflow of Expatriates: The inflow of expatriates has rose continuously over the years, and now, the number of expats in the country is more than two times the population of locals, which usually prefer to lease a car and change their cars on a frequent basis due to the culture of Kuwaiti society which encourages people to recurrently change their vehicles so they will always be driving a new car of the newest model which leas to the rise in the demand for the leasing vehicles. Advantages of Vehicle Leasing: Kuwait is one of the most promising and fastest growing automobile markets in the region mainly because of the lower monthly payments compared to buying a new vehicle, low cash requirement at drive off as lease car requires often little to nothing as down payment, lease vehicle also has a lower repair cost as people use them only for short period of time and most of the repair cost is covered by the manufacturers (bumper to bumper warranty), leasing the vehicle also gave an option to the people of trying out a variety of cars in every few years with the minimal maintenance cost and the procedure for leasing a vehicle is also easy and fast taking only a day. Increase in demand for SUV and Pickups: The vehicle leasing market in Kuwait has experienced an increase in demand for SUVs and Pickups over the past 5 years. The demand for SUVs is rising mainly due to their functionality and road capabilities. Furthermore, the infrastructure development activities in Kuwait, which needs transportation of cargo has also increased the demand of Pickups vehicles which have powerful engines to transport heavy cargo. Analysts at Ken Research in their latest publication “Kuwait Vehicle Leasing Industry Outlook to 2026F- Driven by burgeoning youth population, government projects and innovative products in the market” by Ken Research observed that Kuwait Vehicle Leasing market is in the growing phase. The Preference of the millennials, Increased Inflow of Expatriates, Lower buying and maintenance cost and increase in demand for SUV and pickups, are some of the factors that will contributed to the Kuwait Vehicle Leasing Market growth over the period of 2021-2026F with a growth rate of CAGR ~11%. Key Segments Covered Kuwait Vehicle Leasing Market: By Business Line (By Fleet Size), 2021 & 2026F: Leasing Spot Rental and Limousine Services By Type of Vehicle (By Fleet Size), 2021 & 2026F: Sedan/ Small Cars SUV/MUV Luxury Pickup Truck By Type of Vendor (By Fleet Size), 2021 & 2026F: Vehicle Leaser Vehicle Dealer Request a Free Sample to learn more about the report: Click here By End User (By Fleet Size), 2021 & 2026F: Oil and Gas Government militaries and ministries Construction Logistics and Transportation Individuals Others By Duration (By Fleet Size), 2021 & 2026F: 1 Year 2 Year 3 Year 4 Year & Above Key Target Audience Individuals Online Cab Aggregators Car rental Companies Taxi Companies End User Industries Vehicle Leasers Car Dealers Financial Institution Government Vehicle Manufacturer & Distributors Time Period Captured in the Report: Historical Period: 2016-2020 Base Year: 2021 Forecast Period: 2022 – 2026F Companies Covered: Al Babtain Co Mustafa Karam Co Al Zayani Automotive KGL Car Rental Mutawa Alkazi Al Sayer Leasing Value Plus Al Mulla KFH Auto Autolease Ali Alghanim Sons & MAKFM Automotive Safeena Hertz Apatchi Aayan Auto Osoulhouse Automak Behbehani Motors Automall Car Rental Priority Automobiles Al Mishraq Wakalah Auto Auto Capital Smart Auto Nissan Kuwait Key Topics Covered in the Report: Executive Summary of Kuwait Vehicle Leasing Market Kuwait Country Overview Ecosystem for Kuwait Vehicle Leasing Market Business Cycle and Genesis of Kuwait Vehicle Leasing Market Value Chain Analysis for Kuwait Vehicle Leasing Market Buying vs Renting Vs Leasing in Kuwait Market size for Kuwait Vehicle Leasing Industry Kuwait Vehicle leasing Industry Segmentation Porter’s Five Forces Analysis of Kuwait Vehicle Leasing Market Growth Enablers in Kuwait Vehicle Leasing Market Trends and Developments in Kuwait Vehicle Leasing Market Issues and Challenges in Kuwait Vehicle Leasing Market Government Regulations and Initiatives Lease Financing by Banks in Kuwait Cross Comparison between different End Users End User Analysis Decision Making Parameters to Shortlist Car Leasing Company Competition Scenario in Vehicle Leasing Market in Kuwait, 2021 Marketing Strategies by some Vehicle Leasing Companies Cross Comparison between Major Vehicle Leasing Companies Future Market size for Kuwait Vehicle Leasing Market Future Market Segmentation Analyst Recommendations For more information on the research reports, refer to below link: Kuwait Vehicle Leasing Market Outlook to 2026F: Ken Research Related Reports: Saudi Arabia Car Rental and Leasing Market Outlook to 2023 South Africa Car Rental and Leasing Market Projections to 2023 Global Car Rental and Leasing Services Market 2019 by Company, Regions, Type and Application, Forecast to 2024 Tags: Al Babtain Co Kuwait Vehicle market, al mulla car leasing Market Share in kuwait, Al Zayani Automotive Kuwait Vehicle market, Cab Booking online Business in Kuwait, Car Dealers in Kuwait Leasing Market, Car hire companies in Kuwait, Car Leasing Industry In Kuwait, Car Leasing Kuwait, Car rental Companies in Kuwait, Car Rental Dealers in Kuwait, Car Rental in Kuwait, Car rental service in Kuwait, Challenges in Kuwait Vehicle Leasing Market, chauffeur drive car rental service provider Kuwait, Competitors In Kuwait Car Leasing Market, Corporate Vehicle Rental Companies in Kuwait, Economical Car Rentals Company Kuwait, Emerging Players in Kuwait Vehicle Leasing Market, Future Outlook Of Car Leasing Market In Kuwait, Hire Self Drive Cars on Rental Services in Kuwait, Inverstors in Car Leasing Companies Kuwait, KGL Car Rental Kuwait Vehicle market, KGL Kuwait Car Leasing Market Share, Kuwait Car Leasing Business, Kuwait car leasing firm, Kuwait Car Rental Industry, Kuwait leading investment banks in Vehicle Leasing Market, Kuwait Taxi Market, Kuwait vehicle Leasing Industry, Kuwait Vehicle Leasing Market, Kuwait Vehicle Leasing Market End User, Kuwait vehicle Leasing Sector, Kuwait vehicle Rental Market, Leading Vechile Leasing Service in Kuwait, Lease Financing by Banks in Kuwait, Limousine Services in Kuwait, luxury car rental kuwait, Major Companies In Car Leasing Market In Kuwait, Major Players in Kuwait vehicle Leasing Market, Major Vehicle Leasing Companies in Kuwait, Mustafa Karam Co Kuwait Vehicle market, Number of Vehicle Leasing Companies in Kuwiat, Online Cab Aggregators in Kuwait, Pre-Owned car Lease Companies in Kuwait, short-term Car rentals Companies in Kuwait, Taxi Companies in Kuwait, Top Vehicle Leasing Companies in Kuwiat, Used Car Leasing Companies in Kuwait, Vehicle Dealer in Kuwait, Vehicle Leaser in Kuwait, Vehicle Leasing Business in Kuwait, Vehicle Leasing Industry In Kuwait, Vehicle Leasing Startus in Kuwait, تجار تأجير السيارات في الكويت ،, خدمة تأجير المركبات الرائدة في الكويت, شركات تأجير السيارات الكبرى في الكويت ،, وكيل تأجير المركبات في الكويت ،