(MENAFN- GlobeNewsWire - Nasdaq) Saudi Arabia's car rental and leasing market is thriving due to surging tourism and urban development. The rise in online bookings and luxury car demand, coupled with tax incentives for businesses, fuels growth. SUVs and leasing options dominate, driven by a tech-savvy population and subscription models.

Dublin, Oct. 14, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Car Rental and Leasing Market Growth Analysis - Forecast Trends and Outlook (2025-2034)" has been added to ResearchAndMarkets's offering.

The Saudi Arabia car rental and leasing market is poised for remarkable growth, with its value anticipated to increase from approximately USD 2.52 billion in 2024 to about USD 6.08 billion by 2034, at a CAGR of 9.20% from 2025 to 2034.

The industry's expansion is largely driven by a burgeoning tourism sector. Tourists seeking flexibility and comfort often rely on car rental or leasing services. The Saudi government's focus on enhancing infrastructure further fuels market growth. Increasing internet and smartphone penetration facilitates online service access, adding momentum to the market's expansion. The trend towards luxury car rentals is on the rise, reflecting evolving consumer preferences.

Religious and Economic Impact

With Mecca and Medina drawing numerous visitors, especially during Eid Al-Fitr and Eid Al-Adha, demand for rental vehicles soars during these times. Tax incentives and a surge in foreign investment, facilitated by the Saudi government, encourage global companies to establish a presence in Saudi Arabia, boosting the working population's reliance on leased vehicles.

Market Segmentation Insights:

• By Type: Car Rental, Car Leasing
• By Propulsion: Internal Combustion Engine (ICE), Electric
• By Vehicle Type: Hatchback, Sedan, Multi-Utility Vehicle, Sports Utility Vehicle (SUV)
• By Mode: Online, Offline
• By End Use: Individual, Corporation

Sports Utility Vehicles (SUVs) are expected to witness high demand due to their spaciousness and comfort, appealing to families for outings. Subscription-based rental services and price-sensitive, feature-rich SUVs are pivotal in driving market growth.

Car Leasing Dominance

Car leasing is forecasted to command a substantial market share, favored by consumers needing vehicles for extended periods due to its cost-effectiveness and flexibility in vehicle choice. Daily commuters and families are increasingly opting for leasing over short-term rentals.

Competitive Landscape

The report provides a comprehensive analysis based on Porter's five forces model and offers a SWOT analysis of leading firms within the market. Key players include:

• The Hertz Corporation: An industry leader, operational in over 160 countries.
• Avis Budget Group, Inc.: Renowned for its global reach as a parent company to several premium brands.
• SIXT SE: A major player in mobility services, boasting a presence in over 100 countries.

Other notable companies featured in the report are Hanco, Key Car Rental Company, Enterprise Holdings, Inc., Yelo, Bin Hadi, Europcar International SASU, and Samara, among others.

Key Topics Covered:

Executive Summary

Market Size 2024-2025

Market Growth 2025(F)-2034(F)

Key Demand Drivers

Key Players and Competitive Structure

Industry Best Practices

Recent Trends and Developments

Industry Outlook

Market Overview and Stakeholder Insights

Market Trends

Key Verticals

Key Regions

Supplier Power

Buyer Power

Key Market Opportunities and Risks

Key Initiatives by Stakeholders

Economic Summary

GDP Outlook

GDP Per Capita Growth

Inflation Trends

Democracy Index

Gross Public Debt Ratios

Balance of Payment (BoP) Position

Population Outlook

Urbanisation Trends

Country Risk Profiles

Country Risk

Business Climate

Global Car Rental and Leasing Market Overview

Key Industry Highlights

Global Car Rental and Leasing Historical Market (2018-2024)

Global Car Rental and Leasing Market Forecast (2025-2034)

Global Car Rental and Leasing Market Share by Region

Saudi Arabia Car Rental and Leasing Market Analysis

Key Industry Highlights

Saudi Arabia Car Rental and Leasing Historical Market (2018-2024)

Saudi Arabia Car Rental and Leasing Market Forecast (2025-2034)

Saudi Arabia Car Rental and Leasing Market by Type

Saudi Arabia Car Rental and Leasing Market by Propulsion

Saudi Arabia Car Rental and Leasing Market by Vehicle Type

Saudi Arabia Car Rental and Leasing Market by Mode

Saudi Arabia Car Rental and Leasing Market by End Use

Market Dynamics

SWOT Analysis

Porter's Five Forces Analysis

Key Indicators for Demand

Key Indicators for Price

Competitive Landscape

Supplier Selection

Key Global Players

Key Regional Players

Key Player Strategies

Company Profiles

For more information about this report visit

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