Qatar Car Rental and Leasing Market Introduction and Overview
According to SPER Market Research, the Qatar Car Rental and Leasing Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Qatar Car Rental and Leasing Market, including market size and trends, product mix, applications, and supplier analysis. The industry that provides cars to consumers for either long-term or short-term leases is known as car rental and leasing. While rentals fluctuate from one day to several months, leases normally have terms of two to four years. When someone needs a car for a short time, like when travelling for work or vacation, they frequently hire a car. On the other hand, those who wish to drive a new car but are unable to afford the hefty upfront costs associated with car ownership sometimes turn to car leasing.
- May 2022: Surprice Car Rentals declared that starting in May 2022, it will have locations at the airports in Qatar's Hamad International Airport and Croatia's Dubrovnik International Airport.
- May 2021: Qatar Airways and Points, a pioneer in incentive commerce worldwide, have announced an update to the Qatar Privilege Club. The most recent member benefit from the Toronto-based company that provides best-in-class solutions to the largest loyalty programmes globally will give members of the Qatar Airways Privilege Club even more value and flexibility when it comes to making travel plans in the future. With the first-ever addition of Hotel & Car Rewards to the Qatar Airways Privilege Club, members now have even more choices.
Market Opportunities and Challenges
Qatar boasts a robust automobile rental industry, catering to both government and rent-a-car (RAC) companies. Furthermore, it is anticipated that the number of tourists visiting the GCC would increase, supporting the expansion of travel agencies and automobile rentals in Qatar. The nation's small-to medium-sized businesses (SMEs) are still expanding. People's perceptions about car ownership have also changed as a result of Uber and similar businesses' philosophies. Furthermore, carpooling is a viable option for most commuters in Qatar's industrial regions, costing about QR5 per passenger—cheaper and quicker than waiting for the bus or a conventional cab. Another one of the main drivers propelling the market's expansion is the nation's travel and tourism sector, which has seen significant growth. To make their travels easier, many visitors and tourists decide to rent a car for the duration of their trip. The primary factor propelling the regional vehicle rental market is the increase in foreign visitors to the nation.
The organised car rental and leasing industry faces a significant challenge as regular taxi franchises based in Qatar strive to expand their cab units and meet the growing demand for additional public transportation. Consequently, the number of illegal taxis operating in the country has increased. The number of people who own vehicles has decreased as a result of the growth of ride-sharing services. Consumer preferences changed as a result, with more people choosing on-demand transportation over owning or renting a car. Modern technology frequently supports ride-sharing services, making it simple for customers to schedule and pay for journeys. This has slowed the expansion of the market by forcing auto leasing and rental companies to embrace comparable technologies in order to stay competitive.
Market Competitive Landscape
The major players in the Qatar Car Rental and Leasing market include: Al- Mulla, Al Saad Rent A Car Co.W.L.L, Al Sayer, Auto rent, Avis Corporation Regency, City Car, Europcar, Fast Rent A Car, Hertz Corporation, Market Rent- A- Car, Q motor, Sixt, Uber, Others. Many small players are developing cutting-edge solutions to increase their market share in the car rental and leasing industry as a result of growing investments in cutting-edge design and innovation. In the upcoming years, the nation's market demand will also be driven by significant developments made by important businesses.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Rental Type, By Services Type, By Mode of Booking, By Vehicle Type
|
| Regions covered | Eastern Region, Southern Region, Western Region, Northern Region
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| Companies Covered | Al- Mulla, Al Saad Rent A Car Co.W.L.L, Al Sayer, Auto rent, Avis Corporation Regency, City Car, Europcar, Fast Rent A Car, Hertz Corporation, Market Rent- A- Car, Q motor, Sixt, Uber, Others
|
COVID-19 Impact on Qatar Car Rental and Leasing Market
The demand for rental automobiles and leasing series fell precipitously as a result of the extensive travel restrictions and lockdown measures. A large portion of rental companies' fleets were sold, which hurt the market. Many people cancelled or postponed their trip plans as a result of the epidemic, which had a significant negative influence on the leisure travel market. Because of this, the demand for long-term leasing services has significantly decreased for many car rental companies, and a move towards short-term rental options has resulted. Nevertheless, in order to remain competitive and safeguard both staff and clients, businesses adopted new cleaning and safety procedures in spite of the pandemic's difficulties. Additionally, businesses invested in contactless payment methods and online booking, concentrating on embracing digital technologies. This supported market expansion both during and after the COVID-19 pandemic.
Key Target Audience
- Airport Car Rental Services
- Business Travelers
- Delivery Services
- Event Management Companies
- Fleet Management Companies
- Hotels and Hospitality
- Temporary Transportation Needs
- Tourists and Travelers
- Transportation and Logistics Industry
- Others
Our in-depth analysis of the Qatar Car Rental and Leasing Market includes the following segments:
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By Rental Type: |
Business Rental
Chauffeur Drive
Self-Driving
Special Events
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By Services Type: |
Airport Transfers
Interstate Services
Intrastate Services
|
|
By Mode of Booking: |
Offline Bookings
Online Bookings
App-based car rental services
Telephonic car rental services
Web-Based Car Rental Services
|
|
By Vehicle Type: |
Luxury Cars
Executive Cars
Economy Cars
Sports Utility Vehicles
Multi Utility Vehicles
|
Key Topics Covered in the Report
- Qatar Car Rental and Leasing Market Size (FY’2023-FY’2033)
- Overview of Qatar Car Rental and Leasing Market
- Segmentation of Qatar Car Rental and Leasing Market By Rental Type (Business Rental, Chauffeur Drive, Self-Driving, Special Events)
- Segmentation of Qatar Car Rental and Leasing Market By Services Type (Airport Transfers, Interstate Services, Intrastate Services)
- Segmentation of Qatar Car Rental and Leasing Market By Mode of Booking (Offline Bookings, Online Bookings)
- Segmentation of Qatar Car Rental and Leasing Market By Vehicle Type (Luxury Cars, Executive Cars, Economy Cars, Sports Utility Vehicles, Multi Utility Vehicles)
- Statistical Snap of Qatar Car Rental and Leasing Market
- Expansion Analysis of Qatar Car Rental and Leasing Market
- Problems and Obstacles in Qatar Car Rental and Leasing Market
- Competitive Landscape in the Qatar Car Rental and Leasing Market
- Impact of COVID-19 and Demonetization on Qatar Car Rental and Leasing Market
- Details on Current Investment in Qatar Car Rental and Leasing Market
- Competitive Analysis of Qatar Car Rental and Leasing Market
- Prominent Players in the Qatar Car Rental and Leasing Market
- SWOT Analysis of Qatar Car Rental and Leasing Market
- Qatar Car Rental and Leasing Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Qatar Car Rental and Leasing Market
5. Market variable and outlook5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape6.1. Qatar Car Rental and Leasing Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Qatar Car Rental and Leasing Market
7. Qatar Car Rental and Leasing Market, By Rental Type (USD Million)7.1. Qatar Car Rental and Leasing Market Value Share and Forecast, By Rental Type, 2023-2033
7.2. Business Rental
7.3. Chauffeur Drive
7.4. Self-Driving
7.5. Special Events
8. Qatar Car Rental and Leasing Market, By Services Type (USD Million)8.1. Qatar Car Rental and Leasing Market Value Share and Forecast, By Services Type, 2023-2033
8.2. Airport Transfers
8.3. Interstate Services
8.4. Intrastate Services
9. Qatar Car Rental and Leasing Market, By Mode of Booking (USD Million)9.1. Qatar Car Rental and Leasing Market Value Share and Forecast, By Mode of Booking, 2023-2033
9.2. Offline Bookings
9.3. Online Bookings
9.3.1. App-based car rental services
9.3.2. Telephonic car rental services
9.3.3. Web-Based Car Rental Services
10. Qatar Car Rental and Leasing Market, By Vehicle Type (USD Million)10.1. Qatar Car Rental and Leasing Market Value Share and Forecast, By Vehicle Type, 2023-2033
10.2. Luxury Cars
10.3. Executive Cars
10.4. Economy Cars
10.5. Sports Utility Vehicles
10.6. Multi Utility Vehicles
11. Qatar Car Rental and Leasing Market Forecast, 2019-2033 (USD Million)11.1. Qatar Car Rental and Leasing Market Size and Market Share
12. Qatar Car Rental and Leasing Market, By Rental Type, 2019-2033 (USD Million)12.1. Qatar Car Rental and Leasing Market Size and Market Share By Rental Type (2019-2026)
12.2. Qatar Car Rental and Leasing Market Size and Market Share By Rental Type (2027-2033)
13. Qatar Car Rental and Leasing Market, By Services Type, 2019-2033 (USD Million)13.1. Qatar Car Rental and Leasing Market Size and Market Share By Services Type (2019-2026)
13.2. Qatar Car Rental and Leasing Market Size and Market Share By Services Type (2027-2033)
14. Qatar Car Rental and Leasing Market, By Mode of Booking, 2019-2033 (USD Million)14.1. Qatar Car Rental and Leasing Market Size and Market Share By Mode of Booking (2019-2026)
14.2. Qatar Car Rental and Leasing Market Size and Market Share By Mode of Booking (2027-2033)
15. Qatar Car Rental and Leasing Market, By Vehicle Type, 2019-2033 (USD Million)15.1. Qatar Car Rental and Leasing Market Size and Market Share By Vehicle Type (2019-2026)
15.2. Qatar Car Rental and Leasing Market Size and Market Share By Vehicle Type (2027-2033)
16. Qatar Car Rental and Leasing Market, By Region, 2019-2033 (USD Million)16.1. Qatar Car Rental and Leasing Market Size and Market Share By Region (2019-2026)
16.2. Qatar Car Rental and Leasing Market Size and Market Share By Region (2027-2033)
16.3. Eastern Region
16.4. Southern Region
16.5. Western Region
16.6. Northern Region
17. Company Profile17.1. Al- Mulla
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Al Saad Rent A Car Co.W.L.L
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Al Sayer
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Auto rent
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Avis Corporation Regency
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. City Car
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Europcar
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Fast Rent A Car
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Hertz Corporation
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Market Rent- A- Car
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Q motor
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Sixt
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. Uber
17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments
17.14. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
