| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 2,717.5 Million |
| 2025 Market Size | USD 2,902.3 Million |
| 2030 Forecast | USD 4,605.4 Million |
| Growth Rate (CAGR) | 9.2% |
| Largest Province | Al-Riyadh |
| Fastest Growing Province | Eastern Region |
| Nature of the Market | Fragmented |
| Largest End User Category | Personal |
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The Saudi Arabian vehicle renting market will generate an estimated revenue of USD 2,717.5 million in 2024 and witness a CAGR of 9.2% during 2024–2030, reaching USD 4,605.4 million by 2030. This is due to the rising income levels in Saudi Arabia, continuously growing populations, and increasing interest in tourism.
The increasing population drives investment in renting vehicles for vacations and business trips. Customers prefer to rent vehicles instead of owning one due to the high expense and maintenance of owning a car. Renting provides a more-convenient way to travel across the kingdom. Most often, these rental cars are sought out by tourists who intend to visit several provinces.
In addition, renting vehicles enables businesses to offer shuttle/pickup and drop facility to employees, as well as transport goods as per demand.
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