Saudi Arabia Car Leasing Market Outlook to 2022

1. Saudi Arabia Car Leasing Market Outlook to 2022: Ken Research Saudi Arabia Car Leasing market include the sum total of contract value generated from the LCVs (including light trucks upto 10 ton) and passenger vehicle leasing to retail and corporate customers for a period of more than 1 year. The leasing fleet provided by car rental and car dealer companies has been considered. The contract value has been computed on an accrual basis. For instance, if a contract is signed for a period of three years, then in a particular year only the one-year contract value has been considered. 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)" provides a comprehensive analysis of the long-term car leasing market in Saudi Arabia. The report covers various aspects such as overall market size of Saudi Arabia long term car leasing market in terms of fleet and revenue, average contract value segmentation on the basis of end users (logistics, FMCG & Home Delivery, Construction, Oil & Gas Sector, Government sector and others), by regions (Central, Western, Eastern, Northern and Southern region), by category (Premium/Luxury, Pickup and Cargo Cars, Medium Category, Small Category Cars), by players (car rental companies and car dealers on the basis of fleet size). The report also covers car rental and leasing eco-system basis demand side and supply side, trends and developments, regulatory scenario, competitive landscape of leading players (Budget, Hanco, Best Rent a Car, Theeb Rent A Car, Shary Rent A Car, Avis, Auto World, Hertz, Key Rent A Car and Samara). The report provides market share of major car dealers, car leasing fleet by car category, competition success factor, market leader case study and key operation metrics along with future outlook and projections. Saudi Long Term Car Leasing Market During the period 2012-2017, Saudi Arabia car leasing market grew at a CAGR of ~% in terms of transaction value and ~% in terms of fleet size. Several factors which influenced the growth of long-term car leasing market in the country include growth of end user industries, rate of tourist arrivals, number of business travelers, and other factors. In terms of transaction value, the long-term car leasing market augmented positively from SAR ~ million during 2012 to SAR ~ million during 2015. The tourist arrivals to the country positively influenced the long-term car leasing market to a large extent. Saudi Arabia witnessed an increase in inbound arrival, growing from ~ million trips to the country during 2012 to ~ million during 2017 to the holy city of Makkah & Madinah and for business travel to cities like Riyadh and Jeddah. The industry witnessed overall increase in fleet size owing to growing competition, increasing demand and increasing market penetration across various cities/provinces in the country. Increasing competition in the market has raised the quality of services offered by Long Term Car leasing companies in the country which has attracted a greater number of customers. The gradual upgradation of technology in the country has increased the accessibility to service. Saudi Arabia Long Term Car Leasing Market Segmentation By Market Players: In terms of revenues, the long-term car leasing market is dominated by car rental companies which accounted for a share of ~% (SAR ~ million) during 2017. The car rental companies in the Saudi Arabia long term car leasing market dominate in terms of fleet size as they are abundant in the most demanded rental locations namely, Riyadh, Jeddah, Dammam Eastern regions and others. The major factors that supported the domination of car rental companies are accessibility, reliability, quality of services, popularity, online booking and similar other factors. The car dealers accounted for a share of ~% (SAR ~ million) during 2017. By Regions: In terms of transaction value, central region has the highest share in the market as it is the most developed in terms of infrastructure and has presence of large number of establishments of varied sectors, it accounted for ~% (on the basis of fleet size) during 2017. Western region holds its importance

2. due to holy city of Makkah, Medina and commercial hub in Jeddah with tourism and hospitality sector becoming major industries present in these regions. Eastern region is the largest region by area in the Kingdom of Saudi Arabia and holds a prominent position as it has the second largest oil and gas reservoir in the world. Its share fell slightly due to slump in Oil & Gas sector in Saudi Arabia and it accounted for ~% (on the basis of fleet size) during 2017. Southern and Northern region has the lowest share as cities in these regions are still under-developed and there are a smaller number of establishments present in these regions By End Users: The demand for car leasing services is highly dependent upon the growth of end user industries. Majority of the end users preferred to avail car leasing services usually for an average of ~ months. Logistics accounted for the largest share ~% on the basis of fleet size during 2017 followed by FMCG and Oil and Gas sector. Construction sector also had a significant share and accounted for ~%. Request for Sample Report: report.php?Frmdetails=MTQzNTQ2 Future Outlook of Saudi Arabia Long Term Car Leasing Market The Saudi Arabia car leasing market is projected to grow between 2018-22 at a CAGR of ~% owing to growing number of inbound tourists, increasing fleet size, growing competition in the market, rise in number of working population and establishments and growth in end user industries. During the forecasted period, car rental companies are expected to increasingly upgrade their IT platforms to handle information more accurately and faster, to deliver better service experience, flexibility and security to the end users and for better fleet management. Expansion of operations to smaller cities by car leasing companies will also play a pivotal role in the revenue growth of the industry. Under the National Transformation Program (NTP) 2020 and the Saudi Arabia Vision 2030, the government plans to develop sea ports, railway lines, airports and manufacturing facilities, with an aim to reduce the country's dependency on the oil sector and reduce unemployment, which makes, construction as an end user segment a promising market for car leasing services players. Growth in car leasing market in the country is most likely to be influenced by lower annual payments, wide variety of cars, insignificant maintenance costs, lower upfront cash outlay, comprehensive insurance coverage and negligible registration cost. Key Topics/Keywords Covered in the Report Car rental market in Saudi Arabia Car leasing services in Saudi Arabia Long Term Car Leasing Market in Saudi Arabia Long Term Car Leasing Market in Saudi Arabia by Fleet Size Saudi Arabia Car Rental Market Size Major Players in Saudi Arabia Car Rental/Leasing Market Car Rental Companies in Saudi Arabia Competition in Saudi Arabia Car Rental/Leasing Market Saudi Arabia Car Rental/Leasing Market Future Growth Avis Car Rental/Leasing Market Share in Saudi Arabia Budget Car Rental/Leasing Market Share in Saudi Arabia Hanco Car Rental/Leasing Market Share in Saudi Arabia Best Rent A Car Revenue from Car Rental/Leasing Market Share in Saudi Arabia Future of Saudi Arabia Car Rental/Leasing Market Trends in Car Rental/Leasing Market in Saudi Arabia Market share of leading car rental companies in Saudi Arabia - https://www.kenresearch.com/sample-

3. Major companies in car leasing market in Saudi Arabia Why budget has the highest share in car rental/leasing market in Saudi Arabia Future outlook of car leasing market in Saudi Arabia For More Information, Click on the Following Link: - Saudi Arabia Car Leasing Market Analysis Related Report: - UAE Car Rental, Leasing and Limousine Market Outlook to 2025 (Second Edition) - Driven by Reviving Tourism, altered Customer Preference from Public Transport to Personal Cars owing to Covid-19 Contact Us: - Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249