How rising tourism in KSA will help the Rental and Leasing Car market to double its growth in the next five years?: 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 The KSA car and rental market has witnessed consistent growth in the last few years. However, the pandemic negatively impacted the market in 2020 with lockdown and subsequent restrictive measures that included a travel ban and suspension of Hajj and Umrah pilgrims which resulted in low demand. But as the fear of the pandemic is going down, the rental and leasing car industry in KSA is ready to rebound. In this edition, we’ll uncover the major factors that will help the KSA car rental and leasing sector to double its growth rate in the next five years. 1. Kingdom of Saudi Arabia is the largest Oil-exporter of the World and Asia’s 5th Largest Country by Land Area with a GDP per capita $ 28,287.00 2. Apart from oil, the Tourism sector in KSA is also one of the key revenue contributors to the country’s economy; generated revenue of ~3000.0 Mn USD in 2022 from travel attractions 3. Rising Tourism has also fueled the growth of the car rental and leasing market in KSA which is in the growing stage with multinational companies dominating the market 4. KSA attracts peak number of tourists between March and July, during festivals such as Jenadriyah and Hajj which can send occupancy rates to anywhere between 90-100% Request a Call with Expert to know more about the business model 5. Increasing digitization and rising investments, mergers and acquisitions are some of the key trends of the KSA car rental and leasing market 6. Booming tourism, infrastructure projects, and diversification of the economy in non-oil sectors under Vision 2030 will help the KSA car and rental industry to double its growth in the next five years To Know more about this Whitepaper, Visit this link:- KSA Car Rental and Leasing Market Related Reports By Ken Research:- UAE Car Rental, Leasing and Limousine Market Outlook to 2025 (Second Edition) Australia Car Leasing and Rental Market Outlook to 2023 Post Views: 6 Tags: Biggest Car Leasing Companies 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, Emerging Companies KSA Car Leasing Market, 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 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, Leading Companies in KSA Car Rental Market, Leading Companies Saudi Arabia 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, Saudi Arabia Fleet Leasing market, Startups Car Rental & Leasing Market, Top Car Leasing Companies in Saudi Arabia, Unorganized Car Rental Market in KSA, VC Firms Targeting Car Rental Market in KSA, Vehicle Leasing Industry Challenges in KSA