Investment, Introduction of EVs and infrastructure projects under Vision 2030 are driving KSA Car Rental and Leasing Market 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 KSA car rental and leasing market generated revenue of SAR ~15 Bn in 2022 and grew at a CAGR of only ~3% over 2017-2022 due to Covid-19 and sluggish economy. Slow growth in the market during 2016-2017 can be attributed to sluggish economic growth owing to cheap oil which led to fiscal consolidation, weakening investor and consumer sentiment. Also, shortage of liquidity and capital crunch forced companies to cut costs, with even leasing companies were reducing their lease price to be competitive and to stay in business. With introduction of COVID-19 restrictions caused a huge dip in the market demand. On the supply side this led to a large sell off of fleet by major companies. Ask for Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MjIx The market players were also faced with difficulties due to the increase in fuel prices, booking and pricing management, rising marketing costs, and fierce competition. KSA experienced the largest increase in gasoline/fuel prices, with prices for octane 91 and 95 standing at SAR 2.2 and SAR 2.3 per litre, respectively. As a result, maintaining and monitoring booking data can be difficult, especially when there are price changes or special offers. In the meantime, the introduction of ride-hailing programs and the increasing popularity of online reservations may further split the industry, increasing competition. As the need for digitization has grown over time, so have the marketing expenses associated with creating and maintaining websites and mobile applications. Because of their low consumer conversion rates, new players struggle. For market players, the risk of stealing data, user, and payment information, as well as other things, is a significant concern, particularly for those without an internet presence. Request for Free Sample Report @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MjIx The market will be driven in the future by the growth of tourism, infrastructure developments under Vision 2030, and economic diversification in non-oil sectors. Growing tourism in the kingdom’s western region, supported by new hospitality and tourism initiatives like red sea development and the introduction of e-visas for visitors from 49 countries for reasons other than religious and medical tourism will give a boost to KSA Car Rental and Leasing Market. Apart from this Vision 2030 is also encouraging new commercial entities to set up in the country which has increased demand for fleet management, leasing and last mile delivery during the recent period. Technology isn’t just evolving the way people rent cars, it is completely transforming the experience, with rental vehicle’s operation, performance, and maintenance being made available in real time. Such features are tremendous assets for drivers and fleet managers, enabling them to more efficiently identify risks and implement timely improvements of their rental services. Car Rental and Leasing Companies are increasingly moving towards digitization to improve operational profits as well as customer experience. Online car rental booking services in the form of mobile applications and websites has been gaining popularity in KSA, which has enhanced user experience by making the process quicker and more convenient by showing the customer the range of cars at a one stop shop. For more information on the research report, refer to below link: KSA Car Rental and Leasing Market Outlook to 2027F: Ken Research Tags: AL Jabr KSA Car Rental Market Revenue, Avis Fleet in KSA, Best Rent a car KSA Car Rental Market, Biggest Car Leasing Companies in KSA, Budget Rent a Car Leasing Revenue in KSA, Car Leasing Companies in Saudi Arabia, car Leasing Dealers in Saudi Arabia, Car Rental and Leasing industry in KSA, Car Rental Companies in Saudi Arabia, Car Rental in Saudi Arabia, Car Rental Service Providers in Saudi Arabia, Challenges in KSA Car Rental Market, Commercial Car Rental Market In KSA, Competitors in Vehicle Renting Market KSA, Demand for Car Leasing Market in Saudi Arabia, Emerging Companies in Saudi Arabia Car Leasing Market, Hanco Leasing revenue in KSA, Key Car Rental Leasing Market Capture in KSA, KSA Automobile Rental Market, KSA Car Leasing Industry, KSA Car Leasing Market, KSA Car Rental and Leasing Market, KSA Car Rental End User Industry, KSA Car Rental Industry, KSA Car Rental Market, KSA Luxury Car Leasing Market, KSA Pickup Truck Leasing Market, KSA Rented Vehicles Market Revenue, KSA Sedans Cars Leasing Market, KSA Small Cars Rental Market, KSA SUVs and MUVs Cars Rental Market, KSA Top Car Leasing Companies, KSA Vehicle Leasing Industry Outlook, KSA Vehicle Leasing Market, Leading Companies in KSA Car Rental Market, Major Players in KSA Car Leading Market, Number Of Vehicles Leased in KSA, Opportunities in Vehicle Leasing Business KSA, Organized Car Rental Market in KSA, Private Rental Cars Users Market in KSA, Samara/SIXT KSA Car Rental Market Revenue, Saudi Arabia Car Rental and Leasing Market, Saudi Arabia Fleet Leasing market, Saudi Arabia Vehicle Leasing Market, Saudi Arabia Vehicle Rental Market, Theeb Rental Fleet in KSA, Unorganized Car Rental Market in KSA, VC Firms Targeting Car Rental Market in KSA, Vehicle Leasing Industry Challenges in KSA