Saudi Arabia Car Rental and Leasing Market Overview

Base Year: 2024

Historical Years: 2019–2024

Forecast Years: 2025–2033

Market Growth Rate: 2.90% (2025–2033)

The Saudi Arabia car rental and leasing market is witnessing growth through tourism, urbanization, and corporate demand. Online platforms and flexible options enhance consumer appeal. Saudi Arabia car rental and leasing market size reached USD 2.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.6 Billion by 2033, exhibiting a growth rate (CAGR) of 2.90% during 2025-2033.

Saudi Arabia Car Rental and Leasing Industry Trends and Drive:

Saudi Arabia Car Rental And Leasing Market has witnessed robust growth due to rise in tourism and urban mobility needs. Car rental and lease services have expanded in both Riyadh and Mecca. There is growth in luxury and zero-emissions vehicles supported by the national sustainability agenda, while car rental app For the advantage of above all, Saudi Arabia Car Rental And Leasing Market is benefiting from regulatory best practice reforms for foreign investors, as there is competition to attract tourism. Digital platforms provide easy rental, while social media campaigns have made flexible mobility options available. The urban tourists and businesses are more likely to rent premium, while the rural areas utilize more budget friendly lease options. The challenges exist in the regulatory burden of high insurance and limited infrastructure; optimization of fleets is needed in face of challenges.

Demand for corporate and expatriate mobility will grow demand in Saudi Arabia Car Rental And Leasing Market, with long-term leases providing businesses with transport solutions, while pilgrims need short-term rentals. Subscription models are increasing, alongside an uptake in telematics to manage fleet vehicles, resulting from regulatory programs and incentives for green transport. While Saudi Arabia Car Rental And Leasing Market has had growth in online platforms and bookings in the rentals market, rural areas are further hard hit with more limited service points while continuing to accelerate recent trends. Saudi Arabia car rental industry marketing with campaigns on social media have been successful in engaging youth, including rental flexibly options. Urban mobility hubs continue to grow with multiple vehicle types in their fleets, while rural service markets remain challenged. Disruption related to taxi ridesharing competitors and economic uncertainty will generate further challenge and require cost management strategies. Use of consistent incremental improvement work and collaboration with EV vehicle manufacturers could build transition and growth opportunities for electric and carbon-neutral fleets.

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Saudi Arabia Car Rental and Leasing Industry Report Segmentation:

The report has segmented the market into the following categories:

Type Insights:

  • Car Rental
  • Car Leasing

Vehicle Type Insights:

  • Economy/Budget
  • Premium/Luxury

Vehicle Body Style Type Insights:

  • Hatchback
  • Sedan
  • Multi-Utility Vehicle and Sports
  • Utility Vehicle

Booking Type Insights:

  • Online
  • Offline

Regional Insights:

  • Northern and Central Region
  • Western Region
  • Eastern Region
  • Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

  • Market Performance (2019-2024)
  • Market Outlook (2025-2033)
  • COVID-19 Impact on the Market
  • Porter's Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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