Saudi Arabia Car Rental Market 2025-2033: Analysis Trends, Opportunity and Forecast

Saudi Arabia Car Rental Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 2.4% (2025-2033)

The Saudi Arabia car rental market is witnessing steady growth, fueled by rising tourism, increasing business travel, and a growing preference for flexible and convenient transportation options. According to the latest report by IMARC Group, the Saudi Arabia car rental market size reached USD 778.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 964.0 Million by 2033, exhibiting a growth rate (CAGR) of 2.4% during 2025-2033. 

Saudi Arabia Car Rental Industry Trends and Drivers:

The role of car rental in Saudi Arabia is changing rapidly, as mobility needs and preferences evolve, tourism grows, and new mobility options emerge. The rising number of expatriates, tourists, and business trips has made car rent an increasingly popular service in busy cities and transportation hubs. Moreover, the government of Saudi Arabia has announced commitments to greatly promote tourism and travel under Vision 2030, leaving short-term travelers to explore what's available for their convenience and comfort, which potentially added to the growth of the car rental industry. While each local and international company has focused on differentiating its rentals and expanding its fleet, they are also continually updating digital booking to ensure quality customer experience and seamless interaction when renting a vehicle. Flexible rental time (e.g., hourly, daily, multiple weeks) will typically appeal to younger drivers and businesses looking for flexibility.

Technology is having a substantial impact on the car rental process in Saudi Arabia. More companies now have mobile apps with user-friendly systems to reserve a car or vehicle, show available options, manage their rental bookings, offer roadside assistance, etc. Many companies are including GPS tracking, contactless payments, and smart vehicle features to meet the demands and needs of today's tech-savvy consumers. The addition of electric and hybrid cars to rental car fleets indicates the country's own commitment to embracing righteous and responsible options. With existing laws lifting restrictions around female drivers, and rising demand for short-term mobility solutions in both the personal and commercial sectors, the car rental market increasingly distinguishes itself from the traditional rental market. These trends provide a promising outlook, with varied services and customer convenience at the center of competition.

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Saudi Arabia Car Rental Industry 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

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

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

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

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

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide 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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