Bahrain Car Rental Industry, By End User Type, By Vehicle Type and By Type of Market Structure: Ken Research

Competition Scenario in Bahrain Car Rental Market

In Bahrain Car Rental Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. The major parameters on which these players complete includes increasing demand for car rental services from tourists, business travelers, and locals, introduction of new technologies such as AI and the increasing number of hotels and restaurants.

What is the Expected Future Outlook for the Overall Bahrain Car Rental Market Across the globe?

The Bahrain Car Rental market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Bahrain Car Rental market is driven by favorable government policies and rising tourism in the country. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. The Kingdom of Bahrain has seen a massive growth in population from 1.5Mn in 2017 to 1.52 Mn in 2022 which has led to a remarkable increase in the number of vehicles and expansion of road networks, according to WHO. BTEA has announced launch of special travel packages to welcome GCC tourists, in collaboration with tourist partners which will increase the requirement of rental cars.

The Bahrain Tourism and Exhibitions Authority (BTEA) has announced the launch of special travel packages to welcome GCC tourists, in collaboration with tourism partners. BTEA Chief Executive Officer said that the launch of the packages coincides with the Bahrain Festive Season this December, during which BTEA has prepared a program filled with festivals and events. The tourism packages will grant GCC nationals and residents the opportunity to visit Bahrain with special rates for hotel reservations, access to sightseeing activities tailored to their budget, and entry to various events.

Self-drive, a UAE car rental tech platform is expanding to Qatar and Bahrain due to increase adoption of digital car rental market. Seamless customer experience and range of product offerings will be required. The enhance infrastructure cooperation, Bahrain and Saudi are committed to cooperate in developing infrastructure, road services etc. All these factors are leading to rise in demand for rented cars in Bahrain.

Key Segments Covered in the report:-

Bahrain Car Rental Market

By Type of Market Structure  

Organized Channel

Unorganized Channel

By Type Of Car

Sedan

Hatchback

SUV

Van

Crossover

Others

By Booking type

Online booking

Offline booking

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By End User Type

Self-driven

Chauffeur

By Vehicle Type

Economy cars

Luxury cars

Key Target Audience

Car Rental Dealers

Car Rental Equipment Manufacturers and Distributors

Auto Portals

Online Dealers

Car Booking offices

Unauthorized Dealers

Market Research and Consulting Firms

Automotive Companies

Car Renting Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Period: 2022P

Forecast Period: 2022P-2027F

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Companies Covered:-

Leading companies

Montreal Motors Co.

SPC

National Car Rental Bahrain

Kanoo Daily Rental

Hanco

Avis Corporation Regency

Rent- A- Car

Fast Rent A Car

City Car

Budget Bahrain

Sixt SE

Al Sayer

Europcar

Key Topics Covered in the Report:-

Executive Summary

Overview for Vehicle Renting Industry in Bahrain

Ecosystem for Bahrain Vehicle Renting Market

Value Chain Analysis for Bahrain Vehicle Renting Market

Market Size of Bahrain Vehicle Renting Industry

Market size for Bahrain Vehicle Renting Industry on the basis of Value and Number of Fleet, 2017-2022

Bahrain Vehicle Renting Industry Segmentation, 2022

Porter's Five Forces Analysis of Bahrain Vehicle Renting Market

Growth Enablers in Bahrain Vehicle Renting Market

Trends and Developments in Bahrain Vehicle Renting Market

Issues and Challenges in Bahrain Vehicle Renting Market

Government Regulations and Initiatives

End-User Analysis in Bahrain Vehicle Renting Industry, 2022

Cross Comparison between different End Users

Competitive Landscape in Bahrain Vehicle Renting Industry

Marketing Strategies by some Vehicle Renting Companies

Future Outlook and Projections of the Bahrain Vehicle Renting Industry, 2022-2027F

Analyst Recommendations

Industry Speaks

Research Methodology

For more insights on the market intelligence, refer to below link:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/bahrain-car-rental-market-outlook-to-2027/596252-100.html

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/italy-car-rental-market-outlook-to-2027/596217-100.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.