MENA car rental market size was valued at USD 88.2 billion in 2018 and is expected to register a CAGR of 5.1% over the forecast period.
the MENA car rental services market is segmented into North Africa, Saudi Arabia, UAE, and the Rest of MENA. UAE led the MENA car rental services market in 2018 with a significant market share, as, Dubai is one of the most rapidly emerging business centers across the globe, as well as the attractive infrastructure of the city, is attracting huge tourists to visit the city. Thus, the demand for car rental services in the country is growing at a faster pace. Some of the prominent car rental service provider in the UAE market are Hertz, Europcar, SIXT, Thrifty, and Avis Hala. UAE is followed by Saudi Arabia and the growth is mainly driven by the country’s tourism industry.
Moreover, the strong economic support has facilitated the consistent development in the car rental services Market resulting in significant sources of business for intelligent transportation-related services such as rate comparing tools, 24*7 customer service, and many more. The North African car rental service market is a combination of both leisure and the European customer base of leading car rental brands, which offers enhance the demand for short-term inbound rentals services. The Rest of the MENA market includes countries such as Tunisia, Mauritania, Oman, Qatar, Palestine, Morocco, Egypt, and Libya among others. The growth rate in the countries present in the rest of MENA for the car rental service market is growing at a sluggish rate.
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North Zone is expected to lead the market in the India owing to the reasons such as highest number of population in the country, and various government initiatives have been taken to control the population growth. Therefore, considering the above mentioned factors, the growth of the market in the north zone is likely to contribute the largest share in the India during the forecast period.
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MENA CAR RENTAL SERVICES MARKET SEGMENTATION
MENA Car Rental Services Market – By Rental Location
On Airport & Train Station
MENA Car Rental Services Market – By Cab Category
Mini & Economy
Compact & Intermediate
MENA Car Rental Services Market – By Customer Type
MENA Car Rental Services Market – By Country
Rest of MENA
MENA Car Rental Services Market – Company Profiles
ALAMO (Al Tayer Motors LLC)
Avis Budget Group, Inc.
Europcar Mobility Group S.A.
Budget Rent a Car System, Inc.
Enterprise Holdings Inc.
The Hertz Corporation
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