Car rental in 2017 registered a good performance, increasing by 4% in value sales, reaching SAR2.2 billion. Car rental recorded better value growth in 2017 than in 2016. The summer educational break usually favours the industry as it is when most Saudi Arabian families prefer to go on holiday. The performance of car rental has been influenced mostly by economy car rental, considering that a large number of residents has shifted to economical and budget cars from luxury cars.
Car rental is expected to continue its positive trend over 2017-2022. In fact, over the forecast period car rental is set to generate a value CAGR of 2% at constant 2017 prices and reach SAR2.4 billion value sales in 2022.
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Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Saudi Arabia with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.