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Saudi Arabia Car Rental and Leasing Market 2026-2031 Featuring Profiles of Hertz Corp., Sixt SE, Avis Budget Group, Strong Rent a Car, Auto Rent and Other Key Competitors

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HRI Hertz Corp. is mentioned as a key competitor in the Saudi Arabia Car Rental and Leasing Market report, which forecasts significant market growth. The article does not provide specific sentiment towards Hertz's performance but lists it among major players. ABG

Dublin, Jan. 20, 2026 (GLOBE NEWSWIRE) -- The "Saudi Arabia Car Rental and Leasing - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.

The Saudi Arabia Car Rental and Leasing Market is projected to reach a size of USD 3.07 billion in 2026, expanding from USD 2.87 billion in 2025. By 2031, the market could grow to USD 4.33 billion with a CAGR of 7.09% from 2026-2031.

As Saudi Arabia advances towards a diversified service economy, the industry demonstrates steady growth, driven by rising tourism, corporate fleet outsourcing, and infrastructure advancements under Vision 2030. Online booking platforms enhance transaction convenience and consumer reach. While short-term rentals lead in volume, the demand for long-term leasing is growing due to corporate cost optimization. Major industry players focus on integrating technology for enhanced digital convenience, predictive maintenance, and fleet electrification readiness.

Saudi Arabia Car Rental and Leasing Market Trends and Insights:

Other Market Drivers and Restraints:

Segment Analysis

In 2025, short-term rentals captured 50.68% of the market by addressing tourism and business travel demands. The size attributable to long-term contracts is expected to double by 2025. Digital portals enhance customer flexibility between daily and extended plans. Long-term contracts provide a significant CAGR, aligning with broader market growth as corporations and government agencies seek predictable expenses.

The focus on low-emission vehicles aligns with corporate sustainability goals, fitting well with long-term leases. Economy vehicles hold a dominant market share, while the premium category grows at 7.34% CAGR, meeting the demand for luxurious travel experiences.

Digital booking platforms showcase premium options, encouraging upgrades. Rising incomes and growth in luxury accommodations further bolster demand for high-end vehicles. By 2031, the market for premium vehicles is expected to expand, driven by brand-specific fleet growth.

Market Segmentation includes Duration, Vehicle Type, Body Type, Booking Type, Customer Type, and Rental Mode. The market forecasts are detailed in USD terms.

Companies Covered in the Report:

Key Topics Covered

1 Introduction

1.1 Study Assumptions & Market Definition

1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Value / Supply-Chain Analysis

4.5 Regulatory Landscape

4.6 Technological Outlook

4.7 Porter's Five Forces

5 Market Size & Growth Forecasts (Value (USD))

5.1 By Duration

5.2 By Vehicle Type

5.3 By Body Type

5.4 By Booking Type

5.5 By Customer Type

5.6 By Rental Mode

6 Competitive Landscape

6.1 Market Concentration

6.2 Strategic Moves

6.3 Market Share Analysis

6.4 Company Profiles

7 Market Opportunities & Future Outlook

7.1 White-space & Unmet-need Assessment

For more information about this report visit https://www.researchandmarkets.com/r/gepljl

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