Automotive Leasing Market Share in Saudi Arabia
The automotive leasing market in Saudi Arabia is fragmented in nature. It is home to diverse players, such as dedicated leasing firms, car rental companies, and financial institutions. Each of them offers different leasing packages for long and short durations, depending on the requirement.
Customers are also diverse and consist of corporate clients, residents, and expatriates. Further, the lower barriers to entry allow new entrants into the market, further diversifying the landscape. Government initiatives and regulatory policies further contribute to the competitive landscape.
Key Automotive Leasing Service Providers in Saudi Arabia:
- Lumi Rental Company
- Theeb Rent a Car Company
- United International Transportation Company/ Budget
- The Hertz Corporation
- Sixt SE
- Arabian Hala Company
- Al Jazirah Vehicle Agency Co.
- AJAR Enterprise Rent-A-Car/ Al Jomaih auto rental
- Autorent