Saudi Arabia Car Rental Market Analysis (2025-2032)

Saudi Arabia Car Rental Market

Source: The Report Cube

CAGR

9.5%

Major Markets Players

Theeb, Hertz, Sixt Rent a Car, Europcar, LUMI and Others

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Saudi Arabia Car Rental Market Insights & Analysis

The Saudi Arabia Car Rental Market is expected to grow at a CAGR of around 9.5% during the forecast period 2025-32. The growth of the industry can be accredited to the country's expanding tourism sector. Tourists and travelers who want ease, freedom, and comfort when visiting another nation commonly choose to rent a car. The Saudi Arabian government's growing investments in public & private infrastructure, such as roads, highways, and bridges, have also played a substantial role in the market's growth. Recently, individuals have shown a fondness for private transportation while they are commuting to institutions, places of employment, and other areas. In response to this trend, Saudi Arabian industry participants have added more amenities for consumers.

Also, local car rental companies offer a wide range of vehicles, including SUVs, sports cars, luxury cars, and economy cars, to meet the wide range of customer needs. The sector has always been very active, and the most popular modes of transportation are local & airport. In this well-established industry, there are numerous service providers that offer consumers pickup and drop-off services at reasonable prices, like Theeb, Udrive, and Europcar.

Moreover, the upsurge in inbound tourism in Saudi Arabia, where tourists do a lot of expebditure on leisure, business, and related activities, has elevated demand for both self-driving & chauffeur-driven car rental services. Additionally, the rising population of the country's major cities, like Riyadh, Jeddah, Mecca, and Dammam, as well as the influx of foreigners are presumed to boost need for car rentals, further contributing in infusing the Saudi Arabia Car Rental Market in the years to come.

Saudi Arabia Car Rental Market Dynamics

Expansion of the Tourism Industry to Fuel Market Growth

Saudi Arabia's tourism industry has expanded quickly in recent years as a result of the government's growing focus on this market. Due to significant infrastructure development and investments, including the building of hotels, theme parks, art galleries, metro lines, and more, Saudi Arabia's tourism sector has thrived. Therefore, the number of tourists traveling to various parts of Saudi Arabia has increased considerably.

Also, tourists who rent automobiles enjoy a high degree of luxury and frequently have the chance to take advantage of alluring deals that are included in hotel and travel packages. As a result, these elements benefit the Saudi Arabia Car Rental Industry.

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Saudi Arabia Car Rental Market Report and Forecast 2032

Increasing Efforts to Improve Public Transportation to Limit the Market Growth

The Saudi Arabian government is making substantial investments in developing a robust public transportation infrastructure in the nation. This initiative strives to improve the quality of life in urban areas & establish the country as a global logistics hub. These infrastructure projects include the building of trains, metro lines, and public transport buses, which will enhance road connectivity across various regions such as Jazan, Sabya, Abu Arish, and more.

Moreover, the government is keenly engaging in public-private partnerships & contracts to develop the public transport network. For example, in 2021, the Ministry of Transport and Logistics Services introduced the National Transport and Logistics Strategy, which incorporates several initiatives to lessen road traffic accidents, implement global best practices, ensure efficient connectivity, and promote public transport development in Saudi cities.

Thus, the expansion of this public transport infrastructure has led a substantial portion of consumers, especially those looking for inexpensive transportation options, to shift from car rental to public transportation services, hence impacting the growth of the Saudi Arabia Car Rental Market.

Saudi Arabia Car Rental Market Segment-wise Analysis

By Application:

Leisure
Commercial

In the Saudi Arabia Car Rental Market, the Commercial Sector upholds sizable market share and would flourish during 2025-32. The Saudi government's initiatives to promote foreign direct investment (FDI) and the rapid growth of the nation's service sector have considerably impacted the demand for rental cars for getting to & from several business locations.

Moreover, there will probably be an uptick in inbound & regular business travel in Saudi Arabia as more companies expand their operations there, which would boost demand for vehicle rental services in the coming years.

By Drive Type:

Self-driving
Chauffeur

Self-driving cars are foreseen to become the most popular driving type in the upcoming years, by gaining a significant share of the Saudi Arabian Car Rental Market. Augmented privacy, cost-effective solutions, and flexibility are the primary factors driving the market growth. Also, without being constrained by chauffeur-based services, customers can travel to any location at their convenience. They can arrange their travels around their schedules and take their time visiting different places.

When compared to chauffeur-based services, self-driving rental cars are frequently more affordable and offer greater privacy, particularly during longer rental durations. Consumers can avoid the costs of employing a professional driver, which results in further transportation cost savings.

What Does Our Saudi Arabia Car Rental Market Research Study Entail?

Saudi Arabia Car Rental Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
Saudi Arabia Car Rental Market Research Report entails details about the most critical shifts in market share in the prominent regions.
Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.

Table of Contents

Introduction
1. Objective of the study
2. Product Definition
3. Market Segmentation
4. Study Variables
Research Methodology
1. Secondary Data Points
  1. Companies Interviewed
2. Primary Data Points
  1. Break Down of Primary Interviews
Executive Summary
Market Dynamics
1. Drivers
2. Challenges
3. Opportunity Assessment
Recent Trends and Developments
Policy and Regulatory Landscape
Saudi Arabia Car Rental Market Overview (2020-2032)
1. Market Size, By Value (in USD Billions)
2. Market Share, By Type of Car
  1. Economy
  2. SUV
  3. Multi Utility Vehicle
  4. Luxury
3. Market Share, By Application
  1. Leisure
  2. Commercial
4. Market Share, By Drive Type
  1. Self-Driving
  2. Chauffeur
5. Market Share, By Booking Type
  1. Offline
  2. Online
6. Market Share, By Usage
  1. Local
  2. Airport
  3. Outstation
7. Market Share, By Rental Duration
  1. Short Term
  2. Long Term
8. Market Share, By Region
  1. North
  2. East
  3. West
  4. South
  5. Central
9. Market Share, By Competitors
  1. Competition Characteristics
  2. Revenue Shares
Saudi Arabia Economy Car Rental Market Overview, 2020-2032F
1. By Value (USD Million)
2. By Application- Market Size & Forecast 2019-2030, USD Million
3. By Drive Type- Market Size & Forecast 2019-2030, USD Million
4. By Booking Type- Market Size & Forecast 2019-2030, USD Million
5. By Usage- Market Size & Forecast 2019-2030, USD Million
6. By Rental Duration- Market Size & Forecast 2019-2030, USD Million
Saudi Arabia SUV Car Rental Market Overview, 2020-2032F
1. By Value (USD Million)
2. By Application- Market Size & Forecast 2019-2030, USD Million
3. By Drive Type- Market Size & Forecast 2019-2030, USD Million
4. By Booking Type- Market Size & Forecast 2019-2030, USD Million
5. By Usage- Market Size & Forecast 2019-2030, USD Million
6. By Rental Duration- Market Size & Forecast 2019-2030, USD Million
Saudi Arabia Multi Utility Vehicle Car Rental Market Overview, 2020-2032F
1. By Value (USD Million)
2. By Application- Market Size & Forecast 2019-2030, USD Million
3. By Drive Type- Market Size & Forecast 2019-2030, USD Million
4. By Booking Type- Market Size & Forecast 2019-2030, USD Million
5. By Usage- Market Size & Forecast 2019-2030, USD Million
6. By Rental Duration- Market Size & Forecast 2019-2030, USD Million
Saudi Arabia Luxury Car Rental Market Overview, 2020-2032F
1. By Value (USD Million)
2. By Application- Market Size & Forecast 2019-2030, USD Million
3. By Drive Type- Market Size & Forecast 2019-2030, USD Million
4. By Booking Type- Market Size & Forecast 2019-2030, USD Million
5. By Usage- Market Size & Forecast 2019-2030, USD Million
6. By Rental Duration- Market Size & Forecast 2019-2030, USD Million
Competitive Outlook (Company Profile - Partila List)
1. Theeb
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
2. Hertz
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
3. Sixt Rent a Car
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
4. Europcar
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
5. LUMI
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
6. Avis Budget Group
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
7. FinalRentals KSA
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
8. Enterprise Holdings, Inc.
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
9. Alwefaq Transportation Solutions (Yelo)
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
10. Hanco (Al Tala’a International Transportation Co. Limited)
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
Contact Us & Disclaimer

List of Figure

Figure 1: Market Segmentation Overview
Figure 2: Study Variables Framework
Figure 3: Research Methodology Flowchart
Figure 4: Secondary Data Points Summary
Figure 5: Companies Interviewed for Primary Research
Figure 6: Breakdown of Primary Interviews by Stakeholder Type
Figure 7: Saudi Arabia Car Rental Market Size (2020-2032) in USD Billions
Figure 8: Market Share by Type of Car (Economy, SUV, MUV, Luxury)
Figure 9: Market Share by Application (Leisure vs Commercial)
Figure 10: Market Share by Drive Type (Self-Driving vs Chauffeur)
Figure 11: Market Share by Booking Type (Offline vs Online)
Figure 12: Market Share by Usage (Local, Airport, Outstation)
Figure 13: Market Share by Rental Duration (Short Term vs Long Term)
Figure 14: Market Share by Region (North, East, West, South, Central)
Figure 15: Competitive Market Share by Leading Competitors
Figure 16: Revenue Shares of Key Competitors
Figure 17: Economy Car Rental Market Size and Forecast (2019-2030)
Figure 18: Economy Car Rental Market Size by Application (2019-2030)
Figure 19: Economy Car Rental Market Size by Drive Type (2019-2030)
Figure 20: Economy Car Rental Market Size by Booking Type (2019-2030)
Figure 21: Economy Car Rental Market Size by Usage (2019-2030)
Figure 22: Economy Car Rental Market Size by Rental Duration (2019-2030)
Figure 23: SUV Car Rental Market Size and Forecast (2019-2030)
Figure 24: SUV Car Rental Market Size by Application (2019-2030)
Figure 25: SUV Car Rental Market Size by Drive Type (2019-2030)
Figure 26: SUV Car Rental Market Size by Booking Type (2019-2030)
Figure 27: SUV Car Rental Market Size by Usage (2019-2030)
Figure 28: SUV Car Rental Market Size by Rental Duration (2019-2030)
Figure 29: Multi Utility Vehicle Car Rental Market Size and Forecast (2019-2030)
Figure 30: Multi Utility Vehicle Car Rental Market Size by Application (2019-2030)
Figure 31: Multi Utility Vehicle Car Rental Market Size by Drive Type (2019-2030)
Figure 32: Multi Utility Vehicle Car Rental Market Size by Booking Type (2019-2030)
Figure 33: Multi Utility Vehicle Car Rental Market Size by Usage (2019-2030)
Figure 34: Multi Utility Vehicle Car Rental Market Size by Rental Duration (2019-2030)
Figure 35: Luxury Car Rental Market Size and Forecast (2019-2030)
Figure 36: Luxury Car Rental Market Size by Application (2019-2030)
Figure 37: Luxury Car Rental Market Size by Drive Type (2019-2030)
Figure 38: Luxury Car Rental Market Size by Booking Type (2019-2030)
Figure 39: Luxury Car Rental Market Size by Usage (2019-2030)
Figure 40: Luxury Car Rental Market Size by Rental Duration (2019-2030)
Figure 41: Competitive Landscape – Theeb Company Overview
Figure 42: Theeb Strategic Alliances and Partnerships
Figure 43: Theeb Recent Developments
Figure 44: Hertz Company Overview
Figure 45: Hertz Strategic Alliances and Partnerships
Figure 46: Hertz Recent Developments
Figure 47: Sixt Rent a Car Company Overview
Figure 48: Sixt Rent a Car Strategic Alliances and Partnerships
Figure 49: Sixt Rent a Car Recent Developments
Figure 50: Europcar Company Overview
Figure 51: Europcar Strategic Alliances and Partnerships
Figure 52: Europcar Recent Developments
Figure 53: LUMI Company Overview
Figure 54: LUMI Strategic Alliances and Partnerships
Figure 55: LUMI Recent Developments
Figure 56: Avis Budget Group Company Overview
Figure 57: Avis Budget Group Strategic Alliances and Partnerships
Figure 58: Avis Budget Group Recent Developments
Figure 59: FinalRentals KSA Company Overview
Figure 60: FinalRentals KSA Strategic Alliances and Partnerships
Figure 61: FinalRentals KSA Recent Developments
Figure 62: Enterprise Holdings, Inc. Company Overview
Figure 63: Enterprise Holdings, Inc. Strategic Alliances and Partnerships
Figure 64: Enterprise Holdings, Inc. Recent Developments
Figure 65: Alwefaq Transportation Solutions (Yelo) Company Overview
Figure 66: Alwefaq Transportation Solutions (Yelo) Strategic Alliances and Partnerships
Figure 67: Alwefaq Transportation Solutions (Yelo) Recent Developments
Figure 68: Hanco (Al Tala’a International Transportation Co. Limited) Company Overview
Figure 69: Hanco Strategic Alliances and Partnerships
Figure 70: Hanco Recent Developments

List of Table

Table 1: Objective of the Study
Table 2: Product Definition and Scope
Table 3: Market Segmentation Details
Table 4: Study Variables Description
Table 5: Research Methodology Summary
Table 6: Secondary Data Sources
Table 7: List of Companies Interviewed
Table 8: Primary Data Points Collected
Table 9: Breakdown of Primary Interviews by Type
Table 10: Executive Summary - Key Market Highlights
Table 11: Market Drivers Overview
Table 12: Market Challenges Overview
Table 13: Opportunity Assessment Summary
Table 14: Recent Trends and Developments in Saudi Arabia Car Rental Market
Table 15: Policy and Regulatory Framework Summary
Table 16: Saudi Arabia Car Rental Market Overview (2020-2032) - Summary Statistics
Table 17: Market Size by Value (USD Billions) - Yearwise
Table 18: Market Share by Type of Car (Economy, SUV, MUV, Luxury)
Table 19: Market Share by Application (Leisure, Commercial)
Table 20: Market Share by Drive Type (Self-Driving, Chauffeur)
Table 21: Market Share by Booking Type (Offline, Online)
Table 22: Market Share by Usage (Local, Airport, Outstation)
Table 23: Market Share by Rental Duration (Short Term, Long Term)
Table 24: Market Share by Region (North, East, West, South, Central)
Table 25: Market Share by Competitors - Summary
Table 26: Competition Characteristics Overview
Table 27: Revenue Shares of Major Players
Table 28: Economy Car Rental Market Forecast by Value (2019-2030)
Table 29: Economy Car Rental Market Forecast by Application
Table 30: Economy Car Rental Market Forecast by Drive Type
Table 31: Economy Car Rental Market Forecast by Booking Type
Table 32: Economy Car Rental Market Forecast by Usage
Table 33: Economy Car Rental Market Forecast by Rental Duration
Table 34: SUV Car Rental Market Forecast by Value (2019-2030)
Table 35: SUV Car Rental Market Forecast by Application
Table 36: SUV Car Rental Market Forecast by Drive Type
Table 37: SUV Car Rental Market Forecast by Booking Type
Table 38: SUV Car Rental Market Forecast by Usage
Table 39: SUV Car Rental Market Forecast by Rental Duration
Table 40: Multi Utility Vehicle Car Rental Market Forecast by Value (2019-2030)
Table 41: Multi Utility Vehicle Car Rental Market Forecast by Application
Table 42: Multi Utility Vehicle Car Rental Market Forecast by Drive Type
Table 43: Multi Utility Vehicle Car Rental Market Forecast by Booking Type
Table 44: Multi Utility Vehicle Car Rental Market Forecast by Usage
Table 45: Multi Utility Vehicle Car Rental Market Forecast by Rental Duration
Table 46: Luxury Car Rental Market Forecast by Value (2019-2030)
Table 47: Luxury Car Rental Market Forecast by Application
Table 48: Luxury Car Rental Market Forecast by Drive Type
Table 49: Luxury Car Rental Market Forecast by Booking Type
Table 50: Luxury Car Rental Market Forecast by Usage
Table 51: Luxury Car Rental Market Forecast by Rental Duration
Table 52: Company Profile Summary - Theeb
Table 53: Company Profile Summary - Hertz
Table 54: Company Profile Summary - Sixt Rent a Car
Table 55: Company Profile Summary - Europcar
Table 56: Company Profile Summary - LUMI
Table 57: Company Profile Summary - Avis Budget Group
Table 58: Company Profile Summary - FinalRentals KSA
Table 59: Company Profile Summary - Enterprise Holdings, Inc.
Table 60: Company Profile Summary - Alwefaq Transportation Solutions (Yelo)
Table 61: Company Profile Summary - Hanco (Al Tala’a International Transportation Co. Limited)

Top Key Players & Market Share Outlook

Theeb
Hertz
Sixt Rent a Car
Europcar
LUMI
Avis Budget Group
FinalRentals KSA
Enterprise Holdings, Inc.
Alwefaq Transportation Solutions (Yelo)
Hanco (Al Tala’a International Transportation Co. Limited)
Others

Frequently Asked Questions

A. The Saudi Arabia Car Rental Market is predicted to grow at a CAGR of around 9.5% during the forecast period, i.e., 2025-32.

A. The expansion of the tourism industry to drive the Saudi Arabia Car Rental Market growth during 2025-32.

A. Self-driving is expected to lead the Saudi Arabia Car Rental Market during the forecast period.

A. The increasing efforts to improve public transportation to limit the growth of the Saudi Arabia Car Rental Market through 2032.

A. Hertz, Sixt Rent a Car, Europcar, LUMI, Avis Budget Group, FinalRentals KSA, Enterprise Holdings, Inc., Alwefaq Transportation Solutions (Yelo), Hanco (Al Tala’a International Transportation Co. Limited), Others are the major competitors in the Saudi Arabia Car Rental Market.