Global 6Wresearch Market Reports

Market Forecast By Types (Passenger Vehicle, Commercial Vehicle), By Service Type (Spot Rental, Operating Lease, Limo Services), By Rental Type (Long Term, Short Term), By Booking Type (Online, Offline), By Regions (Eastern, Central, Western, Southern) And Competitive Landscape According to 6Wresearch, the Saudi Arabia Vehicle Rental Market size is projected to grow at a CAGR of 4.5% during 2021-2027F. The primary reason for growth in the Saudi Arabia vehicle rental industry is the rapidly growing investment in the tourism sector, robust development of the logistics sector, as well as the rising preference of corporate players towards leasing of cars. Furthermore, the government’s initiatives for the diversification of economy away from oil, led by Saudi’s Vision 2030, would lead to establishment of several new commercial entities in the country, thereby propelling the demand for transportation services over the coming years. This, in turn, would also augment the revenues of the ve...