MENA Car Rental Services Market to 2027 - Regional Analysis and Forecasts By Rental Location (Non Airport, and On Airport & Train Station); Cab Category (Mini & Economy, Compact & Intermediate, Standard, Full Size, Premium, Luxury, and Special); Customer Type (B2B and B2C)

TIPRE00008090 | Pages: 138 | Automotive and Transportation | Jan 2020 | Type: Regional | Status: Published

The MENA car rental services market accounted to US$ 1.7 Bn in 2018 and is expected to grow at a CAGR of 5.5% during the forecast period 2019 – 2027, to account to US$ 2.8 Bn by 2027.

 

Geographically, 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 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.

Market Insights

The high cost of car ownership as compared to car rental

The car rental industry has been experiencing noteworthy changes pertaining to technological advances along with the significant changes in customer behavior and preference. Technological advancements allow car rental service providers to introduce innovative products and services to meet the continuously evolving customer needs. The consumer behavior toward the use of cars has been shifting over the past few years through car rental and car-sharing services. This transformation has accompanied the supply as well as the expansion of several services conventionally offered by companies that focus all their activities on the mobility market, including car rental companies.

 

Integration of technology-driven solutions to offer better customer services

Several car rental companies are focusing on offering advanced technology-driven solutions to their customers with intent to offer improved customer service as well as to distinguish their services from those offered by their competitors. In October 2019, Enterprise Holdings introduced Entegral, an integrated software solution capable of simplifying the post-accident process; this product enabled service providers to get customers on their way, back into their cars.

Rental Location  Insights

The non-airport segment led the MENA car rental services market, by rental location, with a share of 62.42% in 2018; it is anticipated to continue its dominance during the forecast period, growing at a CAGR of  5.7% of the MENA car rental services market during the forecast period. The non-airport rental location provides various types of advantages such as it offers customers a suitable and geographically wide-ranging network of car rental locations, and it contributes to higher vehicle use as a result of the longer average rental periods related to non-airport business.

 

Car Category  Insights

The car rental services market by car category was led by a compact & intermediate segment which held a market share of 21.95% in 2018. . A compact car offers much more interior space for passengers, along with trunk space. Small compact cars are an appropriate choice for extra storage space as well as ease of travel. Moreover, the intermediate car category can accommodate four adults and one child, along with space for two checked size baggage and one cabin size baggage.

 

Customer Type Insights

B2B segment led the MENA car rental services market with a market share of 51.14% in 2018. As B2B Companies across the region provide unique opportunities with the innovative technology in car rental services for executives and corporate travelers. Several companies have gained substantial share in the car rental services market by gaining large corporate contracts that could considerably impact the margins of the rental players.

 

Rest of MENA Car Rental Services Market by Car Category

Rest of MENA Car Rental Services Market by Car Category

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Strategic Insights

Some of the market Initiatives were observed to be the most adopted strategy in the MENA car rental services market. Few of the recent market initiatives are listed below:

 

MENA CAR RENTAL SERVICES MARKET SEGMENTATION

MENA Car Rental Services Market - By Rental Location

  • Non-Airport
  • On Airport & Train Station

MENA Car Rental Services Market - By Cab Category

  • Mini & Economy
  • Compact & Intermediate
  • Standard
  • Full Size
  • Premium
  • Luxury
  • Special

MENA Car Rental Services Market - By Customer Type

  • B2B
  • B2C

MENA Car Rental Services Market - By Country

  • North Africa
  • Saudi Arabia
  • UAE
  • Rest of MENA

MENA Car Rental Services Market - Company Profiles

  • ALAMO (Al Tayer Motors LLC)
  • Avis Budget Group, Inc.
  • Europcar Mobility Group S.A.
  • Auto Europe
  • Budget Rent a Car System, Inc.
  • Enterprise Holdings Inc.
  • Expedia Group
  • The Hertz Corporation
  • SIXT SE
  • Rhino Car Hire

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

3.4         Market Segmentation

3.4.1        MENA Car Rental Services Market, By Rental Location

3.4.2        MENA Car Rental Services Market, By Cab Category

3.4.3        MENA Car Rental Services Market, By Customer Type

3.4.4        MENA Car Rental Services Market, By Country

4.           Car Rental Services Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        MENA PEST Analysis

4.3         Ecosystem Analysis

5.           Car Rental Services Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        High cost of car ownership as compared to car rental

5.1.2        Increasing air-passenger traffic propelling demand for on-airport car rental services

5.1.3        Integration of technology-driven solutions to offer better customer services

5.2         Key Market Restraints

5.2.1        Introduction of car sharing or ride hailing service

5.3         Key Market Opportunities

5.3.1        Emergence of low-cost car rental services

5.4         Future Trends

5.4.1        Rental companies turning to new business models—car sharing schemes and corporate mobility

5.5         Impact Analysis of Drivers and Restraints

6.           Car Rental Services Market – Market Analysis

6.1         Car Rental Services Market Overview

6.2         MENA Car Rental Services Market Forecast and Analysis

7.           Car Rental Services Market Analysis – By Rental Location

7.1         Overview

7.2         Car Rental Services Market Breakdown, By Rental Location, 2018 & 2027

7.3         Non-Airport

7.3.1        Overview

7.3.2        Non-Airport Market Revenue and Forecast to 2027 (US$ Mn)

7.4         On-Airport & Train Station

7.4.1        Overview

7.4.2        On-Airport & Train Station Market Revenue and Forecast to 2027 (US$ Mn)

8.           Car Rental Services Market Analysis – By Car Category

8.1         Overview

8.2         Car Rental Services Market Breakdown, By Car Category, 2018 & 2027

8.3         Mini & Economy

8.3.1        Overview

8.3.2        Mini & Economy Market Revenue and Forecast to 2027 (US$ Mn)

8.4         Compact & Intermediate

8.4.1        Overview

8.4.2        Compact & Intermediate Market Revenue and Forecast to 2027 (US$ Mn)

8.5         Standard

8.5.1        Overview

8.5.2        Standard Market Revenue and Forecast to 2027 (US$ Mn)

8.6         Full Size

8.6.1        Overview

8.6.2        Full Size Market Revenue and Forecast to 2027 (US$ Mn)

8.7         Premium

8.7.1        Overview

8.7.2        Premium Market Revenue and Forecast to 2027 (US$ Mn)

8.8         Luxury

8.8.1        Overview

8.8.2        Luxury Market Revenue and Forecast to 2027 (US$ Mn)

8.9         Special

8.9.1        Overview

8.9.2        Special Market Revenue and Forecast to 2027 (US$ Mn)

9.           Car Rental Services Market Analysis – By Customer Type

9.1         Overview

9.2         MENA Car Rental Services Market Breakdown, by Customer Type, 2018 & 2027

9.3         B2B

9.3.1        Overview

9.3.2        MENA B2B Market Revenue and Forecast to 2027 (US$ Mn)

9.4         B2C

9.4.1        Overview

9.4.2        MENA B2C Market Revenue and Forecast to 2027 (US$ Mn)

10.        MENA Car Rental Services Market Revenue and Forecast to 2027

10.1.1     Overview

10.1.1.1       North Africa Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

10.1.1.1.1       North Africa Car Rental Services Market Breakdown, by Rental location

10.1.1.1.2       North Africa Car Rental Services Market Breakdown, by Car category

10.1.1.1.3       North Africa Car Rental Services Market Breakdown, by Customer type

10.1.1.2       Saudi Arabia Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

10.1.1.2.1       Saudi Arabia Car Rental Services Market Breakdown, by Rental location

10.1.1.2.2       Saudi Arabia Car Rental Services Market Breakdown, by Car category

10.1.1.2.3       Saudi Arabia Car Rental Services Market Breakdown, by Customer type

10.1.1.3       UAE Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

10.1.1.3.1       UAE Car Rental Services Market Breakdown, by Rental location

10.1.1.3.2       UAE Car Rental Services Market Breakdown, by Car category

10.1.1.3.3       UAE Car Rental Services Market Breakdown, by Customer type

10.1.1.4       Rest of MENA Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

10.1.1.4.1       Rest of MENA Car Rental Services Market Breakdown, by Rental location

10.1.1.4.2       Rest of MENA Car Rental Services Market Breakdown, by Car category

10.1.1.4.3       Rest of MENA Car Rental Services Market Breakdown, by Customer type

11.        Car Rental Services Market Analysis – Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Merger and Acquisition

12.        Car Rental Services Market Analysis – Key Company Profiles

12.1      ALAMO (Al Tayer Motors LLC)

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Avis Budget Group, Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview- Avis Budget Group, Inc.

12.2.5     Financial Overview- Avis Brand

12.2.6     Financial Overview- Budget Brand

12.2.7     SWOT Analysis

12.2.8     Key Developments

12.3      Europcar Mobility Group S.A.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Auto Europe

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Budget Rent a Car System, Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Enterprise Holdings Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Expedia Group

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      The Hertz Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      SIXT SE

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Rhino Car Hire

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary

LIST OF TABLES

Table 1.          MENA Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

Table 2.          MENA Car Rental Services Market Revenue and Forecast To 2027, By Country (US$ Mn)

Table 3.          North Africa Car Rental Services Market Revenue and Forecast to 2027 – By Rental location (US$ Mn)

Table 4.          North Africa Car Rental Services Market Revenue and Forecast to 2027 – By Car category (US$ Mn)

Table 5.          North Africa Car Rental Services Market Revenue and Forecast to 2027 – By Customer type (US$ Mn)

Table 6.          Saudi Arabia Car Rental Services Market Revenue and Forecast to 2027 – By Rental location (US$ Mn)

Table 7.          Saudi Arabia Car Rental Services Market Revenue and Forecast to 2027 – By Car category (US$ Mn)

Table 8.          Saudi Arabia Car Rental Services Market Revenue and Forecast to 2027 – By Customer type (US$ Mn)

Table 9.          UAE Car Rental Services Market Revenue and Forecast to 2027 – By Rental location (US$ Mn)

Table 10.         UAE Car Rental Services Market Revenue and Forecast to 2027 – By Car category (US$ Mn)

Table 11.         UAE Car Rental Services Market Revenue and Forecast to 2027 – By Customer type (US$ Mn)

Table 12.         Rest of MENA Car Rental Services Market Revenue and Forecast to 2027 – By Rental location (US$ Mn)

Table 13.         Rest of MENA Car Rental Services Market Revenue and Forecast to 2027 – By Car category (US$ Mn)

Table 14.         Rest of MENA Car Rental Services Market Revenue and Forecast to 2027 – By Customer type (US$ Mn)

Table 15.         Glossary of Terms, MENA Car Rental Services Market

LIST OF FIGURES

Figure 1.        Car Rental Services Market, Country

Figure 2.        Car Rental Services Market, By Rental Location

Figure 3.        Car Rental Services Market, by Customer Type

Figure 4.        Car Rental Services Market Overview

Figure 5.        Car Rental Services Market Segmentation

Figure 6.        Car Rental Services Market Segmentation – Country

Figure 7.        MENA PEST Analysis

Figure 8.        Car Rental Services Market Ecosystem Analysis

Figure 9.        Car Rental Services Market Impact Analysis of Drivers and Restraints

Figure 10.       MENA Car Rental Services Market Forecast And Analysis (US$ Mn)

Figure 11.       Car Rental Services Market Breakdown, By Rental Location, 2018 & 2027 (%)

Figure 12.       MENA Non-Airport Market Revenue and Forecast to 2027 (US$ Mn)

Figure 13.       MENA On-Airport & Train Station Market Revenue and Forecast to 2027 (US$ Mn)

Figure 14.       Car Rental Services Market Breakdown, By Car Category, 2018 & 2027 (%)

Figure 15.       MENA Mini & Economy Market Revenue and Forecast to 2027 (US$ Mn)

Figure 16.       MENA Compact & Intermediate Market Revenue and Forecast to 2027 (US$ Mn)

Figure 17.       MENA Standard Market Revenue and Forecast to 2027 (US$ Mn)

Figure 18.       MENA Full Size Market Revenue and Forecast to 2027 (US$ Mn)

Figure 19.       MENA Premium Market Revenue and Forecast to 2027 (US$ Mn)

Figure 20.       MENA Luxury Market Revenue and Forecast to 2027 (US$ Mn)

Figure 21.       MENA Special Market Revenue and Forecast to 2027 (US$ Mn)

Figure 22.       MENA Car Rental Services Market Breakdown, by Customer Type, 2018 & 2027 (%)

Figure 23.       MENA B2B Market Revenue and Forecast to 2027 (US$ Mn)

Figure 24.       MENA B2C Market Revenue and Forecast to 2027 (US$ Mn)

Figure 25.       MENA Car Rental Services Market Breakdown, By Country, 2018 & 2027 (%)

Figure 26.       North Africa Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

Figure 27.       Saudi Arabia Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

Figure 28.       UAE Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

Figure 29.       Rest of MENA Car Rental Services Market Revenue and Forecast to 2027 (US$ Mn)

Figure 30.       MENA Car Rental Services Market, Industry Landscape (2016-2019) %

The List of Companies - MENA Car Rental Services Market

  1. ALAMO (Al Tayer Motors LLC)
  2. Avis Budget Group, Inc.
  3. Europcar Mobility Group S.A.
  4. Auto Europe
  5. Budget Rent a Car System, Inc.
  6. Enterprise Holdings Inc.
  7. Expedia Group
  8. The Hertz Corporation
  9. SIXT SE
  10. Rhino Car Hire
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MENA car rental services.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the MENA car rental services, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth MENA market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

 

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