Saudi Arabia Car Rental Market Report and Forecast 2032

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.

Philippines Apparel and Footwear Market FY32

• Study Period: 2020- 2032


• Base Year: 2024


• CAGR(2025-2032): 9.5%


• Market Value 2024: USD XX Billion/Million


• Major Players: Hertz, Sixt Rent a Car, Europcar, LUMI, Avis Budget Group, FinalRentals KSA, Enterprise Holdings, Inc., Alwefaq Transportation Solutions (Yelo), and Others

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.