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GCC Car Rental Market Size in 2024, Outlook, Trends, Share, Growth and Forecast till 2032

03-05-2024 12:50 PM CET | Logistics & Transport

Press release from: IMARC Group

GCC Car Rental Market Size in 2024, Outlook, Trends, Share,

IMARC Group has published a market research report titled "GCC Car Rental Market Report by Booking Type (Offline Booking, Online Booking), Rental Length (Short Term, Long Term), Vehicle Type (Luxury, Executive, Economy, SUVs, and Others), Application (Leisure/Tourism, Business), End-User (Self-Driven, Chauffeur-Driven), and Country 2024-2032", The GCC car rental market size is projected to exhibit a growth rate (CAGR) of 12.87% during 2024-2032.

Car rental, also known as car hire, is a service that allows individuals to temporarily use a vehicle for a set period in exchange for a fee. It is a popular option for travelers, tourists, and those in need of temporary transportation. Car rental companies typically maintain a fleet of vehicles ranging from economy cars to luxury vehicles, SUVs, vans, and even trucks, offering consumers a wide variety of options to suit their needs. Consumers can rent vehicles for various purposes, including vacations, business trips, special events, or simply as a temporary replacement while their own vehicle is being serviced. Car rental agreements typically include terms such as the duration of the rental, mileage restrictions, insurance coverage, and any additional fees or charges. Many car rental companies also offer additional services such as GPS navigation systems, child car seats, and roadside assistance for added convenience and peace of mind. With the flexibility and convenience it provides, car rental has become an integral part of modern transportation infrastructure, offering individuals the freedom to explore new destinations and travel comfortably wherever their journey may take them. Whether for leisure or business, car rental services cater to a wide range of needs, making it a convenient and practical solution for travelers worldwide.

Grab a sample PDF of this report: https://www.imarcgroup.com/gcc-car-rental-market/requestsample

● GCC Car Rental Market and Drivers

The GCC region is a popular destination for tourists and business travelers alike, with countries, such as the UAE (United Arab Emirates), Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait attracting millions of visitors annually. The increasing influx of tourists and business travelers has created a significant demand for rental cars to facilitate transportation during their stay. Additionally, the strategic location of the region as a transit hub between Asia, Europe, and Africa further fuels the need for rental cars among transit passengers. Additionally, the GCC countries have experienced rapid economic growth and urbanization over the past few decades, leading to the development of modern infrastructure and the expansion of cities. This growth has resulted in higher disposable incomes among the population, increased employment opportunities, and a growing middle class with a propensity for travel and leisure activities. As a result, there is a greater demand for rental cars, both for local residents and expatriates, who require transportation for daily commuting, weekend getaways, and other purposes. Other than this, the GCC region has a large expatriate population, comprising individuals from diverse nationalities who reside in the region for employment, business, or educational purposes. Expatriates often rely on rental cars as a convenient and flexible mode of transportation, especially since they may not own a vehicle or prefer not to purchase one due to short-term stays or visa restrictions. This demographic segment constitutes a significant portion of the consumer base of car rental market.

Report Segmentation:

The report has segmented the market into the following categories:

Booking Type Insights:

● Offline Booking
● Online Booking 

Rental Length Insights:

● Short Term
● Long Term 

Vehicle Type Insights:

● Luxury
● Executive
● Economy
● SUVs
● Others 

Application Insights:

● Leisure/Tourism
● Business 

End-User Insights:

● Self-Driven
● Chauffeur-Driven 

Country Insights:

● Saudi Arabia
● UAE
● Qatar
● Bahrain
● Kuwait
● Oman

Explore Full Report With TOC: https://www.imarcgroup.com/gcc-car-rental-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

GCC Security Market: https://www.imarcgroup.com/gcc-security-market
GCC Used Car Market: https://www.imarcgroup.com/gcc-used-car-market
GCC Rice Market: https://www.imarcgroup.com/gcc-rice-market
GCC Tuna Market: https://www.imarcgroup.com/gcc-tuna-market
GCC Fintech Market: https://www.imarcgroup.com/gcc-fintech-market
GCC Gypsum Board Market: https://www.imarcgroup.com/gcc-gypsum-board-market
GCC Silica Sand Market : https://www.imarcgroup.com/gcc-silica-sand-market
GCC Dark Chocolate Market: https://www.imarcgroup.com/gcc-dark-chocolate-market
GCC Handicrafts Market: https://www.imarcgroup.com/gcc-handicrafts-market

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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