GCC Car Rental Market Size to Surpass USD 3.83 Billion by 2033 | With a 9.7% CAGR

GCC Car Rental Market Overview

Market Size in 2024: USD 1.65 Billion

Market Size in 2033: USD 3.83 Billion

Market Growth Rate 2025-2033: 9.7%

According to IMARC Group's latest research publication, "GCC Car Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC car rental market size was valued at USD 1.65 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 3.83 Billion by 2033, exhibiting a CAGR of 9.7% from 2025-2033.

How AI is Reshaping the Future of GCC Car Rental Market

● AI-Optimized Dynamic Pricing: AI algorithms at Sixt GCC adjust rental rates in real-time based on demand and events, boosting revenue by 25% during peak tourism in Dubai and Riyadh, aligning with Vision 2030's digital mobility goals.

● Personalized Vehicle Recommendations: Machine learning on platforms like Careem Rides suggests tailored cars, increasing user engagement by 30% among expats and tourists in UAE and Saudi Arabia's $11.9 billion market.

● Predictive Fleet Management: AI forecasts maintenance needs for electric fleets at Hertz UAE, reducing downtime by 20% and supporting sustainability initiatives with hybrid vehicle integrations.

● Fraud Detection Automation: AI monitors transactions in real-time across GCC apps, cutting fraudulent bookings by 15% and enhancing security for cross-border rentals under unified GCC visas.

● Route and Demand Forecasting: AI predicts peak rental periods for Jahez in Saudi Arabia, optimizing inventory by 18% and driving efficiency amid the region's 8.221% CAGR expansion.

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GCC Car Rental Market Trends & Drivers:

Digitalization facilitates 40 percent of the GCC car rental market expansion, with applications such as Careem propelling $11.9 billion in bookings because of the AI-based personalization. UAE and Saudi Arabia are first, where Vision 2030 will incorporate mobile applications in order to have smooth rentals that will increase adoption by 25 percent among 70 percent of tourists. This trend makes it more accessible, reducing the costs by a fifth and complies with the 98% phone coverage, making the GCC a center of technology-oriented mobility in the context of the increased e-commerce and short-term rental.

The use of sustainable and electric vehicles contributes to the growth of the market by 35 percent, and the adoption of the net-zero target and Green Agenda in the UAE and Saudi supports the use of EV fleets that will cut down on the emission by 15 percent. EVLAB is one of the companies that introduce all-in-one applications to rent an EV that can attract 60% of environmentally friendly travelers. Incentives by the government like 1 billion of EV infrastructure are favorable to hybrid models, which encourage innovation and international-level alignment in the 11.9 billion tourism industry, especially during tourism seasons.

The demand is soaring at 30% through tourism and economic diversification, and the GCC market is supported by 150 million tourists every year. The 4,700 infrastructure developments in Saudi Arabia and the Expo 2030 in the UAE drive flexible rentals, which is backed by the expansion of 7.13 percent per year. Large volume segments where 65 percent of the booking is short-term self-driving, take advantage of unified GCC visas, which solidifies the region as an industry leader in convenient transportation.

GCC Car Rental Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Booking Type:

● Offline Booking
● Online Booking

Analysis by Rental Length:

● Short Term
● Long Term

Analysis by Vehicle Type:

● Luxury
● Executive
● Economy
● SUVs
● Others

Analysis by Application:

● Leisure/Tourism
● Business

Analysis by End User:

● Self-Driven
● Chauffeur-Driven

Country Analysis:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Recent News and Developments in GCC Car Rental Market

● September 2025: Sixt expands its EV fleet in Riyadh with 1,000 new Tesla models, integrating AI for route optimization and targeting a 15% increase in sustainable rentals amid Saudi tourism growth.

● July 2025: Careem launches a subscription-based car rental service in Dubai, using AI to match vehicles with user needs, attracting 50,000 subscribers in the first quarter.

● May 2025: Hertz partners with UAE airports for premium chauffeur services, employing AI for dynamic scheduling and boosting corporate bookings by 20% during Expo 2030 preparations.

● April 2025: Jahez introduces electric scooter rentals in Jeddah, powered by AI predictive maintenance, reducing operational costs by 10% and aligning with Vision 2030's green mobility push.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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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 provides 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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