Saudi Arabia Car Rental and Leasing Market Size and Forecast 2025-2033

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:

With the demand for urban mobility multiplying and tourism in Saudi Arabia increasing, the Saudi Arabia Car Rental and Leasing Market is responding well with demand for flexible rentals and long-term leases, especially in the more populous cities of Saudi Arabia such as Riyadh and Jeddah. The company executives tell of the growing demand for electric vehicles appealing to tourists, while luxury cars demand is primarily being driven by corporate bookings. Rental location companies such as Rent-a-Car KSA with mobile and digital platforms, are driving fast and available bookings. The Car Rental and Leasing Market in Saudi Arabia is benefitting from government strategies to promote tourism, while social media promoting the product types differentiating vehicles and services has helped raise consumer awareness and interest. Urban areas focus on premium vehicle rentals dealing with business travel, while rural areas’ leasing activities focus on providing affordable leases to support logistics operations. Stakeholders provide transparency and regulatory standards help to promote vehicle safety, although high fuel prices and limited service stations in rural areas suggest a lack of growth opportunities and promote investment into regional infrastructure.

GPS enabled fleets to improve consumer experience positioning the Saudi Arabia Car Rental and Leasing Market as an important and feasible transport solution in the region. Corporate demand and e-commerce logistics are the drivers for organisations leasing vehicles for short-term or long-term usage within the Saudi Arabia Car Rental and Leasing Market; leasing vehicles also support SMEs (Small and Medium-Sized Enterprises) and expatriates too. A growing trend for contactless vehicle rentals and subscriptions is expected to be have a positive impact based upon consumer habits moving towards digital first. The Saudi Arabian Car Rental and Leasing Market is also benefitting from online renting via aggregator sites on the internet, but is restricted in rural areas because of a poor service network. Social media influencers are interesting times and generating engagement of younger people renting vehicles. Urban centres or hubs.

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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

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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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