Car Leasing & Rental Market in Oman Tends to Grow at a CAGR of 5.9% During 2017-2025-Goldstein Research

Posted April 29, 2019 by Steveblade

Rising population coupled with affluence level has increased demand for vehicle and taxi business.

According to Goldstein Research, Oman car rental & leasing market is anticipated to expand at a CAGR of 5.9% during the forecast period, 2017-2025. Oman is experiencing rising investments from automotive industry which is thus expected to propel huge demand for car rental & leasing in near future. Moreover, the hiking growth in a number of international tourism in Oman and increasing number of car rental & leasing companies in the region is further positively impacting the growth of the market. The growing market has thus intimidated the local dwellers to adopt the services of car rental & leasing. Further based on rental type segmentation, chauffeur drive or taxi services segment accounted for the largest market share of 45.0% in 2017. Whereas, the self-driving segment is growing at fastest CAGR of 12.3% during the forecast period 2017-2025.
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Market Segmentation
On the basis of our in-depth analysis, OmanCar Rental & Leasing Market can be segmented as follows:
By Rental Type
• Chauffeur Drive
• Special Events
• Self-Driving
• Business Rental
By Services Type
• Interstate Services
• Intrastate Services
• Airport Transfers
By Vehicles Type
• Luxury Cars
• Executive Cars
• Economy Cars
• Sports Utility Vehicles
• Multi Utility Vehicles
By Mode of Booking
• Online Bookings
o App-based car rental services
o Telephonic car rental services
o Web-Based Car Rental Services
• Offline Bookings
Analysis of Car Rental & Leasing Market in Oman by Goldstein Research contains a detailed overview of the Oman car rental & leasing market. The report highlights the competitive outlook of major Oman players that includes business strategies, product portfolio, revenue distribution, financial analysis, services innovations and investments. The in-depth analysis of car rental & leasing market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the Oman car rental & leasing market discussed in the report are: Hertz Corporation, Sixt, Avis Corporation Regency, Auto rent, Market Rent- A- Car, Al- Mulla, Fast Rent-A-Car, City Car, Al Sayer, Europcar,etc.
Further, the report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The report also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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Categories Automotive , Business , Research
Tags #oman_car_rental_market
Last Updated April 29, 2019