# Ksa Taxi, Ride Sharing and Truck Leasing Equipment Market (2022-2029) --- ## Report Summary Explore the KSA Taxi, Ride Sharing and Truck Leasing Equipment Market size, forecast, growth drivers and industry outlook across 2020-2031. --- ## KSA Car sharing, Taxi and Truck Leasing Market Table of Contents Table of Contents - 1. KSA Car Sharing Market - 1.1. Executive Summary: KSA Car Sharing Market - 1.2. Ecosystem of KSA Car Sharing Market - 1.3. KSA Car Sharing Market Sizing and Segmentation, 2019-2022 - 1.4. Growth Drivers - 1.5. Trends and Developments - 1.6. Market Shares of Major Car Sharing Companies in KSA by Fleet Size and Revenue, 2022 - 1.7. KSA Car Sharing Market Future Sizing, 2023-2028 - 2. KSA Taxi Market - 2.1. Executive Summary: KSA Taxi Market - 2.2. Ecosystem of KSA Taxi Market - 2.3. KSA Taxi Market Sizing, 2018-2022 - 2.4. KSA Taxi Market Segmentation by Type of Taxi, 2022 - 2.5. Recent Developments and Government Regulations - 2.6. Growth Drivers - 2.7. Market Shares of Major Taxi Companies in KSA, 2022 - 2.8. KSA Taxi Market Future Sizing, 2023-2028 - 3. KSA Truck Leasing Market - 3.1. Ecosystem of KSA Truck Leasing Market - 3.2. KSA Truck Leasing Market Sizing and Segmentation, 2022-2027 - 3.3. Trends and Growth Drivers - 3.4. Market Shares of Major Truck Leasing Companies in KSA, 2022 - 4. Research Methodology - 4.1. Market Definitions and Assumptions - 4.2. Abbreviations Used - 4.3. Market Sizing Approach - 4.4. Consolidated Research Approach - 4.5. Sample Size Inclusion - 4.6. Research Limitations and Conclusion - 5. Disclaimer - 6. Contact Us --- ## Ksa Taxi, Ride Sharing and Truck Leasing Market Overview KSA TAXI, RIDE SHARING AND TRUCK LEASING Market Highlights The KSA Taxi, Ride Sharing, and Truck Leasing market was valued at SAR 12,491.1 Mn in 2022. Within this, the KSA car sharing market was valued at SAR 2.8 Mn in 2022 and reached SAR 17.6 Mn in the same year, reflecting rapid expansion in shared mobility services. Major players operating in the KSA car sharing, taxi, and truck leasing market include U Drive, ekar, Rahaal, and Fraikin, among others. The market’s growth is primarily driven by supportive government regulations, sustainability initiatives, and increasing demand for customized mobility and leasing services. Key trends shaping the market include a strong focus on achieving greener mobility, boosting the local economy, and forming technology partnerships to enhance service efficiency and customer experience. *KSA Taxi, Ride Sharing and Truck Leasing market is valued at The KSA Car sharing, Taxi and Truck Leasing market is valued at SAR 12,491.1 Mn in 2022.* --- ## Taxonomy | ID | Parent ID | Label | | --- | --- | --- | | 1 | | KSA Taxi, Ride Sharing and Truck Leasing Market | | 2 | 1 | Traditional Car sharing | | 3 | 2 | Peer-to-Peer car sharing | | 4 | 2 | Station Car sharing | | 5 | 2 | Corporate Car Sharing | | 6 | 2 | Free-Floating Car sharing | | 7 | 2 | One-way car sharing | | 8 | 1 | KSA Car sharing: Type of Fleet | | 9 | 8 | SUV | | 10 | 8 | Sedan | | 11 | 1 | Truck Leasing Market | | 12 | 11 | Sort Term Truck Rental | | 13 | 11 | Long term Truck rental | | 14 | 11 | Commercial truck leasing | | 15 | 11 | Specialized Truck Leasing | | 16 | 1 | KSA Taxi Market | | 17 | 16 | Small Taxi | | 18 | 16 | Medium Taxi | | 19 | 16 | Large Taxi | | 20 | 16 | Coaster | | 21 | 1 | Taxi leasing market | | 22 | 21 | Traditional Taxi Leasing | | 23 | 21 | Ride-sharing Vehicle Leasing | | 24 | 21 | Electric Taxi Leasing | | 25 | 21 | Luxury Taxi Leasing | | 26 | 21 | Autonomous taxi Leasing | --- ## KSA Car Sharing, Truck and Taxi Leasing Market Ecosystem ### Market Ecosystem **Ecosystem of KSA Car Sharing, Truck and Taxi** In the Kingdom of Saudi Arabia (KSA), the car sharing and truck leasing market is witnessing significant growth driven by a combination of factors. Major players in the car sharing sector, including Careem, UDrive, ekar, and Hala, are leveraging technological advancements and changing consumer preferences to expand their presence. Similarly, the truck leasing market sees participation from key players like TruckX, Tatweer Transport, and United Gulf Equipment Rentals, capitalizing on the increasing demand for efficient logistics solutions. Government regulations promoting shared mobility and smart transportation systems provide a favorable environment for market expansion. Infrastructure development, such as the creation of dedicated lanes and parking spaces, further supports the growth of car sharing and truck leasing services. Additionally, the integration of mobile apps for booking and payment, along with the adoption of telematics and GPS tracking systems, enhances operational efficiency. --- ## KSA Car Sharing, Taxi and Truck Leasing Market Size: 2019 – 2022 KSA Car Sharing Market size: 2019-2022 The KSA car sharing market was valued at SAR 2.8 Mn in 2019 and expanded rapidly to SAR 17.6 Mn by 2022, registering an exceptional CAGR of 83.7% during 2019–2022. Between 2021 and 2022, the market witnessed a sharp acceleration, with year-on-year growth surging to 203.4%, compared to 61.1% growth recorded in 2019. The year 2022 marked a breakthrough phase, recording 203% revenue growth over 2021 and a 187% increase in fleet size, largely driven by the entry of new players such as ekar and Udrive, both of which rolled out large vehicle fleets to capitalize on rising demand. The car sharing market in KSA began gaining momentum in 2018 with the launch of iDrive, the country’s first car sharing application. Since then, the market has grown at an unprecedented pace, supported by sustained promotion of the car sharing concept, increasing consumer acceptance, and rising competition with traditional car rental players, positioning car sharing as a viable and scalable mobility alternative in Saudi Arabia. --- ## KSA Car Sharing, Taxi and Truck Leasing Market Segmentation: 2022 ### KSA Car Sharing Market Segmentation: By Type of Fleet, 2022 The KSA car sharing market is segmented by fleet type into sedans and SUVs. In 2022, sedans dominated the market with an 81% share, while SUVs accounted for the remaining 19% of the total market. The dominance of sedans is primarily due to their affordability, wider availability, and suitability for frequent short-term usage, making them ideal for car sharing operations. In contrast, SUVs are relatively more expensive and positioned as premium vehicles, which limits their deployment in car sharing fleets compared to sedans, resulting in a smaller contribution to overall market share. ### KSA Truck Leasing Market Segmentation by type of vehicle The KSA taxi market is segmented by vehicle type into small taxis, medium taxis, large taxis, and coasters, with small taxis dominating the market at a 57% share. Medium taxis account for around 30% of the market, with sales of approximately 33,150 units, and typically cater to 1–7 passengers, making them suitable for everyday urban and intercity travel. Large taxis contribute about 9% of the total market, while coasters hold the remaining 4% share. Nearly 55% of taxis operating in KSA are sedans, primarily Hyundai Sonata limousines and Toyota Camry, which are preferred for their comfort and premium ride experience. SUVs and vans are mainly used by families for intercity travel, offering seating capacities ranging from 7 to 11 passengers or more. Coaster buses are predominantly used by large groups, especially for Hajj and Umrah ????????, and for passenger movement from Jeddah Airport, highlighting the diverse usage patterns within the KSA taxi market. ### KSA Truck leasing market segmentation by type of truck 2022 The KSA truck leasing market is segmented by type of truck based on fleet size in units in 2022, comprising medium-duty trucks and heavy-duty trucks. The market is dominated by medium-duty trucks, which account for 70% of the total market share, with approximately 7,700 units leased in 2022. Heavy-duty trucks contribute the remaining 30% share, with around 3,300 units leased during the same year. Growth in the truck leasing market is primarily driven by government initiatives to diversify and develop non-oil sectors of the economy, an increasing preference for leasing over ownership, and the integration of technology to improve fleet management, operational efficiency, and cost optimization across logistics and transportation operations in Saudi Arabia. --- ## KSA Car Sharing, taxi, and truck leasing market: influencing factors ### KSA Car sharing, Taxi and Truck Leasing market: Growth Drivers **Increasing Demand for Mobility** There is an increasing demand among residents, tourists and startups for better choice and convenience in mobility at affordable prices. KSA also has plans to attract more tourists into the country. Hence, car sharing companies are helping to meet the needs of all the stakeholders involved **Generational Shift** KSA with a car ownership rate of 92% presents different challenges to car sharing companies. They are betting on a generational shift in car consumption habits wherein a huge market will move to car-sharing and ownership would become obsolete. This movement to usership will lead to growth in future. **Untapped Market Needs** Riyadh is a strong market for short-term car rentals. However, the average ratio of car sharing to passenger cars in Riyadh is just 0.02% compared to a global average of 0.5% presenting a significant opportunity **Government Regulations** The Saudi government has now allowed visitors to drive rented cars by giving them authorization eliminating the need to visit the traffic office. Hence, this will increase the demand for car rental services. **Expansion Plans** The existing car sharing companies in KSA have plans to expand their fleet size with UDrive aiming to take it up to 1500 by end of this year. Such expansion plans along with entry of more players will act as a catalyst in growth of the market to fulfill the mobility needs. ### KSA Car sharing, Taxi, and truck leasing market Trends and developments **Achieving Greener Mobility** The car sharing model supports the Saudi’s Vision 2030 for greener mobility as currently around 9 out of 10 people use their private vehicle to go to work which reduces air quality and cause traffic congestion leading to reduced livability. **Boosting Local Economy** The car sharing companies will continue to provide a boost to local economy by creating jobs and help mobilize a large community of people who would find it expensive or even risky to rent a car with deposits leading to ease of access. **Technology Partnerships** IDrive partnered with Sentiance to offer motion intelligence technology in their fleet to improve driver safety and reduce accidents to improve user experience. Such partnerships enable companies to integrate modern technology in their fleet **Convenience Offered** Car sharing eliminates the stress that comes with car ownership and enables to save 25 to 50% on commuting costs. By digitalizing the model, companies eliminated all hindrances like paperwork, deposits etc. for smooth experience **Target Customers** The companies are initially targeting local and expat millennial and GenZ consumers who are in KSA on full-time basis. Another target group is of tourists and job seekers to ultimately serve to the mobility needs of majorly the low-income segments. **Peer-to-Peer Models** Ekar launched peer-to-peer car sharing in Saudi Arabia wherein people can host their personal vehicles on platform. The target consumers are more than 2 million Saudi-owned cars which are less than 5 years old amid a unstable new car market. ### KSA Car sharing, Taxi and Truck Market Challenges **Regulatory Framework** Limited Car Sharing Regulations: Unclear regulations regarding insurance, parking, and safety standards impede car sharing growth. Stringent licensing processes and high fees discourage individual taxi ownership, limiting fleet size. Restrictions on foreign truck ownership and complex import procedures hinder competition and fleet modernization. Only 3 licensed car sharing companies operate in KSA, compared to dozens in neighbouring UAE. Taxi licensing fees can reach $13,000, discouraging new entrants. 70% of trucks in KSA are over 10 years old, highlighting the need for fleet modernization. **Technological Adoption** Limited Digital Infrastructure: Uneven internet access and low smartphone penetration in rural areas hinder app-based services. Cultural preference for cash payments slows down cashless transactions essential for digital platforms. Insufficient public awareness about the benefits and safety of alternative mobility solutions. Only 60% of Saudi households have internet access, with lower rates in rural areas. Cash accounts for 70% of all retail transactions in KSA. A 2022 survey found that 40% of Saudis were unfamiliar with car sharing concepts **Competition & Pricing** Established taxi and truck leasing companies with large fleets pose challenges for new entrants. Consumers prioritize affordability, creating pressure on operators to keep prices low, impacting profitability. Concerns exist about unfair pricing practices by some traditional players, hindering market competition. Two traditional taxi companies control over 70% of the KSA taxi market. Price wars between car sharing companies have led to unsustainable business models for some. A 2023 study found evidence of potential price manipulation by some truck leasing companies --- ## KSA Car sharing Market Leasing Market: Company Profiles | Year | Company | Description | | --- | --- | --- | | 2016 | U-Drive | App-based self-drive car-rental platform. Users can find, locate & book their cars through the platform. Once users book the car & OTP will be shared with the user & they can unlock the vehicle by entering the OTP before the ride. Users can drive to the destination location & they can leave the vehicle anywhere in the legal parking spot. Their mobile app is available for both Android & iOS devices. | | 2016 | Ekar | A mobile application-based platform provides car-sharing services, allowing users to discover, locate, and unlock vehicles using their smartphones. The platform offers various features, including online payment options, rides with insurance coverage, rides that include fuel costs, and more. Additionally, it caters to corporate clients. Users have the flexibility to leave the vehicle at any authorized parking space at the conclusion of their journey. The mobile application is accessible on both Android and iOS devices. Ekar serves in the B2C, B2B space in the Travel and Hospitality Tech, Auto Tech, Transportation and Logistics Tech market segments | | 2010 | Al Safwa Taxi | Msader Al-Safwa Taxi Operations Company has a fleet of luxury cars that works to provide transportation services for passengers within cities and between cities, in accordance with the regulations for operating licensed private taxis, and never roaming around to search for passengers and waiting in public parking until a request is received, working with licensed applications, And sending service data in an instant, while maintaining the mechanism of adherence to the necessary health precautions, and Msader Al-Safwa Company provides a special taxi service in all cities of the Kingdom with applications for delivery of orders as determined by the authorities supervising the activity in the Ministry of Transport | | 2018 | Umrah Taxi | The fleet of vehicles includes a variety of models and sizes to accommodate different group sizes, preferences, and budgets. vehicles are well-maintained, air-conditioned, and equipped with safety features to ensure a smooth and secure ride. | | 2011 | Rahaal | Rahaal provides complete operating lease solutions in the commercial vehicles leasing services. The facilities offered by Rahaal is unparalleled in this industry. Rahaal caters to FMCG, Courier, Manufacturing, Engineering, Oil & Gas, Mining, Cement, TurnKey Projects, Container Movement etc. | | 2015 | Fraikin Dayum | Fraikin Dayim was launched in 2015 as a partnership between the Dayim and the European Truck leasing leader Fraikin. Fraikin DAYIM has now risen to become the only independent specialist truck rental company in Saudi Arabia. The company currently offers trucks on a long-term operational lease basis. We also offer short-term truck rental services as well as other material handling equipment. | --- ## KSA Car Sharing, Taxi and Truck Future Market size: 2023-2028 ### KSA Car Sharing Future Market Size (Revenue in SAR Mn), 2023-2028 The KSA car sharing market generated SAR 41.5 Mn in revenue in 2023 and is projected to reach SAR 121.3 Mn by 2028, growing at a strong CAGR of 23.9% during 2023–2028. Rising tourism inflows and a growing resident population seeking affordable and flexible mobility solutions are expected to drive higher demand for car sharing and rental services, encouraging operators to expand fleet sizes and geographic coverage. Additionally, Saudi Vision 2030’s focus on greener mobility is likely to accelerate market entry by new and foreign players, with increased emphasis on sustainable and environmentally friendly fleets. The ongoing shift in consumer behavior—from vehicle ownership to usership—is also reshaping mobility preferences, as individuals increasingly opt to rent or share vehicles instead of owning them, further supporting long-term growth of the car sharing segment in KSA. ### KSA Taxi Market Size (Revenue in SAR Mn), 2023-2028 The KSA taxi market was valued at SAR 13,197.1 Mn in 2023 and is projected to reach SAR 21,271 Mn by 2028, growing at a CAGR of 10.10% during 2023–2028. Growth is supported by government initiatives aimed at promoting fair fare practices and aligning the sector with Vision 2030, which are strengthening an already large and diversified market. Increasing digital penetration is further enhancing convenience by enabling taxi bookings through online and app-based platforms. In addition, tourism growth, a rising population, and sustained demand for mobility are expected to continue driving expansion of the taxi market across Saudi Arabia over the forecast period. --- ## KSA Car sharing, Taxi and Truck Leasing Market Macroeconomic Indicators ### KSA Population by Gender, 2022 (in Mn) In 2022, the Total population of Malaysia is 36.3 million out of which 20.9 Mn are male and 15.4 are female. ### KSA Population by Region, 2022 (in Mn) Across all the regions Riyadh is the most populated region of KSA with a population of 7.7 Mn followed by Jeddah (4.9 Mn) and Mecca (2.2 Mn). ### KSA GDP by Main Economic Activity at Current Prices, 2017-2022 (in SAR Bn) In 2022, KSA GDP stands at SAR 4155.0 Bn at a growth rate of 3.1%. compared to SAR 3275.0 Bn in 2021 and SAR 2753 Bn in 2020. ### Rural-Urban Population, 2022 (in %) Out of the total population of KSA, 85% of the population lives in urban areas and 15% out of the total population lives in rural areas. ### KSA Export-Import In 2020, KSA witnessed 9.9% growth in imports and exports grew by 32.4% --- ## Frequently asked Questions Find quick answers to common questions about the KSA Car Sharing, Taxi and Truck Leasing Market **Q: How big is the KSA Car sharing, Taxi and Truck Leasing market?** A: The KSA Car sharing, Taxi and Truck Leasing market is valued at SAR 12,491.1 Mn in 2022 **Q: Who are the major players in KSA Car sharing, Taxi and Truck Leasing market?** A: The major players in KSA Car sharing, Taxi and Truck Leasing market in U drive, ekar, Rahaal and fraikin etc. **Q: What is the future of KSA Car sharing market?** A: The KSA Car sharing market is expected to reach SAR 121.3 Mn in 2028. **Q: What is the growth rate of KSA Car sharing market?** A: The KSA Car sharing is growing with the growth rate of 10% during 2023-2028 **Q: What is the market size of KSA Taxi Market?** A: The KSA Taxi market is valued at SAR 21,271.0 Mn in 2028.