Middle East & Africa Car Rental Market Size & Outlook
Middle East & Africa car rental market, 2018-2030 (US$M)
Related Markets
MEA car rental market highlights
- The MEA car rental market generated a revenue of USD 6,716.8 million in 2023.
- The market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, economy cars was the largest revenue generating vehicle type in 2023.
- Executive cars is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 6,716.8 million |
| Market revenue in 2030 | USD 15,653.3 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Economy cars |
| Fastest growing segment | Executive cars |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Luxury cars, Executive cars, Economy cars, SUVs, MUVs |
| Key market players worldwide | Avis Budget Group Inc, Carzonrent India Pvt. Ltd., Eco Rent A Car, Eurazeo SE, Localiza Rent A Car SA ADR, Hertz Global Holdings Inc Ordinary Shares (New), Sixt SE, AVR Van Rental, Enterprise Holdings |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.1% of the global car rental market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 87,997.4 million by 2030.
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Car Rental Market Scope
Car Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa car rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to car rental market will help companies and investors design strategic landscapes.
Economy cars was the largest segment with a revenue share of 28.45% in 2023. Horizon Databook has segmented the Middle East & Africa car rental market based on luxury cars, executive cars, economy cars, suvs, muvs covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Car Rental Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Luxury cars
- Executive cars
- Economy cars
- SUVs
- MUVs
- Middle East & Africa Car Rental Application Outlook (Revenue, USD Million, 2018-2030)
- Local usage
- Airport transport
- Outstation
- Others
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Target buyers of Middle East & Africa car rental market databook
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Our clientele includes a mix of car rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa car rental market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa car rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa car rental market
Middle East & Africa Car Rental Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa car rental market
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