Saudi Arabia Car Leasing Future Growth will be led by Compelling Potential Anticipated from Logistics, Construction and other Non-Oil Sector after last 2 years of Subdued Growth: Ken Research

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Rising corporate travel activity, growth in end user industries and increasing importance of workforce mobility will be the major growth drivers of Saudi Arabia long term car rental/leasing market in upcoming years.

The report titled “Saudi Arabia Car Leasing Market Outlook to 2022 – By Car Rental and Car Dealers, By End Users (Logistics, FMCG & Home Delivery, Oil and Gas, Construction, Government offices, Others)” by Ken Research suggested that lower annual payments, wide variety of cars, insignificant maintenance costs, lower upfront cash outlay, comprehensive insurance coverage, negligible registration cost and better technology interface for customers will majorly contribute to the overall revenue growth of Saudi Arabia long term car rental market in next 5 years till 2022

Car Rental and Leasing Ecosystem Supply

Saudi Arabia long term car leasing industry is relatively concentrated among the top ten players in the industry. In terms of transaction value, the Saudi Arabia long term car leasing market grew from the previous year majorly owing to growth in logistics and FMCG sector. The long term cab rental/leasing market has grown over the years with the growth in the number of players in the industry backed up with increasing preference of renting/leasing a car rather than owing the fleet by companies. The growing number of small and large businesses in the tourism sector in the country has also surged the demand for long term car rental services in Saudi Arabia.

Increasing competition in the market has raised the quality of services offered by car rental/leasing companies in the country, which has attracted more number of customers. The long term car rental market has witnessed increasing presence of multinational companies growing their presence in untapped markets and consistently focusing on increasing their fleet size. Over the years, industry has witnessed intense competition owing to low profit margins which has resulted in the companies to improve their service portfolios. Car dealers which operate into long term leasing, manage to provide lease contracts at a relatively lower price compared to car rental companies. Major target end users for car dealers are government sector which are highly price conscious. Car rental companies, on the other hand charges a higher price but offer specialized services to their customers such as On-road assistance, Insurance coverage and other services which car dealers fails to offer. Companies focus to have few government clients in their portfolio. Growth in religious tourism and leisure holidays has also led to greater demand from travel companies to extend their car leasing agreements with increase in number and type of fleet.

Key Topics Covered in the Report

Best Rent Car Revenue from Car Leasing Saudi Arabia

Commercial Car Leasing Saudi Arabia

Saudi Arabia Car Leasing Market Future

Car Leasing Industry KSA

Makkah Car Leasing Market

Car Leasing Companies in Saudi Arabia

Logistics User Car Leasing Saudi Arabia

Car Leasing Forecast Saudi Arabia

Riyadh Car Leasing Market

Car leasing services in Saudi Arabia

Long Term Car Leasing Fleet in KSA

Saudi Arabia Car Rental Market Size

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/saudi-arabia-vehicle-leasing-market/143546-100.html

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/thailand-car-rental-market/137098-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-car-rental-market/136319-100.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-124-4230204

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