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Report Title

Kuwait Car Rental and Leasing Market Forecast to 2020 - High Per Capita Income and Demand for Car Leasing to Drive Growth

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Kuwait Car Rental and Leasing Market Forecast to 2020 - High Per Capita Income and Demand for Car Leasing to Drive Growth


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Kuwait Car Rental and Leasing Market Forecast to 2020 - High Per Capita Income and Demand for Car Leasing to Drive Growth

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Kuwait Car Rental and Leasing Market Forecast to 2020 - High Per Capita Income and Demand for Car Leasing to Drive Growth



Executive Summary

The report titled "Kuwait Car Rental and Leasing Market Forecast to 2020 - High Per Capita Income and Demand for Car Leasing to Drive Growth" provides a comprehensive analysis of the Car Rental and Leasing Market in Kuwait. The report covers various aspects such as market size of Kuwait car rental and leasing market on basis of revenues and fleet size, segmentation on the basis of Car Leasing, short term car rental and chauffeur driven car rental, on airport and off airport, regions, mode of booking, purpose of booking, and organizational structure. The report provides insights on vehicle leasing Market in Kuwait, car leasing market size and segmentation by industry verticals, term of contracts and vehicle type for car leasing market in Kuwait. The report also entails the market share and strategies of the major players in the Kuwait car rental and leasing market along with the Government rules and regulations governing the market. An analysis of the future Car Rental Market of Kuwait is provided on the basis of revenue and fleet size over next five years.

Kuwait is an open economy and has one of the highest valued currencies in the world. The country is home to nearly 10% of the world's oil reserves and petroleum accounts for nearly half of GDP and 95% of export revenues and government income in the country. This has been one of the major growth drivers for car rental companies in the country. Al-Mullah, Al Sayer and Safeena are some of the major car rental companies in the Kuwait car rental market apart from foreign players such as Hertz, Sixt, Europcar, Avis and others that have their rental stations across the country. Inclination in the price levels, lower oil prices, increased government investment on tourism and increasing competition among vehicle rental companies have been some of the rationales for rise in car rental business in the country. The car rental fleets in the country recorded a compound annual growth rate of 5.7% and passenger car sales in Kuwait has grown at a CAGR of 5.6% over the years 2010-2015. 

Most of the off-airport car rental is dominated by the long term car leasing and hence only a limited revenue of chauffeur driven cars is obtained through the off airport car rental. On the other hand, Chauffeur driven car rental market has been dominated by the on-airport car rental since most of the people who arrive at the airport opt for the chauffeur driven cars.
Kuwait has one of the best road systems among the Middle East countries with widely available car rental facilities in the country. In 2015, around ~% of the revenues of the car rental companies have been generated through the rental of luxury cars that comprises of limousine services along with large sized cars such as Ford Lincoln, Lexus ES 350 and others. Around ~% of the revenues were generated from medium sized cars in the country in 2015. Expats and tourist that prefer to rent cars for duration of 3 months-6 months usually prefer to rent small sized cars such as Hyundai Veloster, Mitsubishi Mirage, Nissan Micra and others.

A major part of the population in Kuwait comprises of work expatriates that usually prefer to rent and change their cars on a frequent basis due to the culture of Kuwaiti society that encourages people to recurrently change their vehicles so they will always be driving a new car of the newest model. 
The car rental market in Kuwait is expected to reach USD 292.2 million by 2020 in terms of revenues and ~ in terms of the fleet size. It is also expected that the growth would be led by the car leasing market covering more than ~% of the market.

Key Topics Covered in the Report

  • The market size of the Kuwait Car Rental Market on the basis of Revenue and by fleet size, 2010-2015
  • Market segmentation of Kuwait Car Rental Market by Business Segment, 2010-2015
  • Market segmentation of Kuwait Car Rental Market by Chauffeur driven on airport or off airport, 2015
  • Market segmentation of Kuwait Car Rental Market by booking method, 2015
  • Market segmentation of Kuwait Car Rental Market by Car Trips, 2015
  • Market segmentation of Kuwait Car Rental Market by Major Cities, 2015
  • Market segmentation of Kuwait Car Rental Market by Organized/Unorganized, 2015
  • Market segmentation of Kuwait Car Leasing Market by Industry Verticals, 2015
  • Market segmentation of Kuwait Car Leasing Market by Contract Term, 2015
  • Market segmentation of Kuwait Car Leasing Market by Car Type, 2015
  • Trends and Developments in Kuwait Car Rental Market
  • Government Regulations in Kuwait Car Rental Market
  • Traveler's Profile by age and gender in Kuwait Car Rental Market
  • Competitive Landscape of Major Players in Kuwait Car Rental Market
  • Market Share of Major Players in Kuwait Car Rental Market, 2015
  • Future Outlook of Kuwait Car Rental Market, 2016-2020
  • Macro Economic Variables affecting Kuwait Car Rental Market, 2010-2020

1. Executive Summary
Kuwait Car Rental Market
How is Kuwait Car Rental Market Segmented?
How Competition is Evolving?
What are the Future Prospects and Opportunities?
2. Appendix
2.1. Market Definitions
2.2. Research Methodology
2.3. Approach and Data Collection Sources
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Limitations
Final Conclusion
3. Kuwait Car Rental Market Introduction
4. Kuwait Car Rental Market Size
4.1. By Revenue, 2010-2015
4.2. By Rental Fleet Size, 2010-2015
5. Kuwait Car Rental Market Segmentation
5.1. By Chauffeur Driven Market (On Airport- Off Airport)
5.2. By Chauffeur Driven - Online and Physical Booking, 2015
5.3. By Types of Trips, 2015
5.4. By Major Cities, 2015
5.5. By Type of Car Demand, 2015
5.6. By Types of Clients, 2015
5.7. By Organized and Unorganized Market, 2015
5.8. By Mode of Business, 2015
6. Snapshot on Kuwait Car Leasing Market
6.1. Kuwait Car Leasing Market
6.2. Kuwait Car Leasing Market Segmentation
6.2.1. By Industry Verticals (Oil and Gas, Construction, IT/ITeS/BPOs, Trading Companies, Medical Companies and Others), 2015
6.2.2. By Term of Contract(6 month, 1 year, 2 year, 3 Year, 4 Year and 5 Year), 2015
6.2.3. By Vehicle Type (Commercial Vehicle and Passenger Vehicles), FY'2015
7. Traveler's Profile in Kuwait Car Rental Market, 2015
Gender-Wise Split, 2015
Age-Wise Split, 2015
8. Government Regulations in Kuwait Car Rental Market
9. Competitive Landscape of Major Players in Kuwait Car Rental Market, 2015
9.1. Market Share of Major Players in Kuwait Car Rental Market, 2015
9.2. Competitive Landscape of Kuwait Car Rental Market, 2015
10. Kuwait Car Rental Market Future Outlook and Projections, 2016-2020
11. Macro Economic Factors
11.1. International Tourist Arrival, 2010-2020
11.2. Number of Cars Sold, 2010-2020
11.3. Population of Kuwait, 2010-2020
11.4. Tourism Industry Contribution to GDP, 2010-2020
Disclaimer
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Figure 4-1: Kuwait Car Rental Market Size on the basis of Revenue in USD Million, 2010-2015
Figure 4-2: Kuwait Car Rental Market Size on the Basis of Fleet Size in Numbers, 2010-2015
Figure 5-1: Kuwait Chauffeur Driven Car Rental Market Segmentation by On-Airport and Off-Airport Market in Percentages (%), 2015
Figure 5-2: Kuwait Chauffeur Driven Car Rental Market Segmentation by Online and Physical Booking Market in Percentages (%), 2015
Figure 5-3: Kuwait Car Rental Market Segmentation by Types of Trips on the basis of Revenue in Percentages (%), 2015
Figure 5-4: Kuwait Car Rental Market Segmentation by Major Cities on the basis of Revenue in Percentages (%), 2015
Figure 5-5: Kuwait Car Rental Market Segmentation by Type of Car Demand on the basis of Revenue in Percentage (%), 2015
Figure 5-6: Kuwait Car Rental Market Segmentation by Type of Clients on the basis of Revenue in Percentages (%), 2015
Figure 5-7: Kuwait Car Rental Market Segmentation by Organized and Unorganized Market in terms of Revenue in Percentage (%), 2015
Figure 5-8: Kuwait Car Rental Market Segmentation by Mode of Business in terms of Revenue in Percentage (%), 2015
Figure 6-1: Kuwait Corporate Car Leasing Market Segmentation by Industry Verticals (Oil and Gas, Construction, Trading Companies and Others) on the Basis of Revenues in Percentage (%), 2015
Figure 6-2: Kuwait Car Leasing Market Segmentation by Term of Contract (1 Year, 2 Year, 3 Year, 4 Year and Above) on the Basis of Total Contracts in Percentage (%), 2015
Figure 6-3: Kuwait Car Leasing Market Segmentation by Vehicle Type (Passenger Vehicle and Commercial Vehicle) on the Basis of Revenues in Percentage (%), 2015
Figure 9-1: Market Share of Major Players (Al-Mulla, Al Sayer, Sefeena, Hertz, Sixt, Ousol and Others) in Kuwait Car Rental Market on the basis of Fleet Size in Percentages (%), 2015
Figure 10-1: Kuwait Car Rental Market Future Outlook and Projections on the basis of Revenues in USD Million, 2016-2020
Figure 10-2: Kuwait Car Rental Market Future Outlook and Projections by Rental Fleet Size in Numbers, 2016-2020
Figure 11-1: International Tourists Arrival in Kuwait in Thousand, 2010-2020
Figure 11-2: Number of Cars Sold in Kuwait in Thousand, 2010-2020
Figure 11-3: Population of Kuwait in Million, 2010-2020
Figure 11-4: Travel and Tourism Total Contribution to GDP in Kuwait in KWD Million, 2010-2020

Table 2-1: Correlation Matrix of Kuwait Car Rental Market
Table 2-2: Regression Coefficient Output
Table 5-1: Kuwait Chauffeur Driven Car Rental Market Segmentation by On-Airport and Off-Airport Market in USD Million, 2015
Table 5-2: Kuwait Chauffeur Driven Car Rental Market Segmentation by Online and Physical Booking Market in USD Million, 2015
Table 5-3: Kuwait Car Rental Market Segmentation by Types of Trips on the basis of Revenue in USD Million, 2015
Table 5-4: Kuwait Car Rental Market Segmentation by Major Cities on the basis of Revenue in USD Million, 2015
Table 5-5: Kuwait Car Rental Market Segmentation by Type of Car Demand on the basis of Revenue in USD Million, 2015
Table 5-6: Kuwait Car Rental Market Segmentation by Type of Clients on the basis of Revenue in USD Million, 2015
Table 5-7: List of Non-Population/ Expats Population in Kuwait from Different Countries, 2012
Table 5-8: Kuwait Car Rental Market Segmentation by Organized and Unorganized Market in terms of Revenue in USD Million, 2015
Table 5-9: Kuwait Car Rental Market Segmentation by Mode of Business in terms of Revenue in USD Million, 2015
Table 6-1: Kuwait Corporate Car Leasing Corporate Market Segmentation by Industry Verticals (Oil and Gas, Construction, Trading Companies, Medical Companies and Others) on the Basis of Revenues in USD Million, 2015
Table 6-2: Kuwait Car Leasing Market Segmentation by Vehicle Type (Passenger Vehicle and Commercial Vehicle) on the Basis of Revenues in USD Million, 2015
Table 7-1: Kuwait Population Demographic Profile, 2015
Table 7-2: Traveler's Profile for Kuwait Car Rental Market in Percentages (%), 2015
Table 9-1: Market Share of Major Players (Al-Mulla, Al Sayer, Sefeena, Hertz, Sixt, Ousol and Others) in Kuwait Car Rental Market on the basis of Fleet Size in Numbers, 2015
Table 9-2: Competitive Landscape of Major Players (Al-Mulla, Al Sayer, Sefeena, Hertz, Sixt, Ousol and Others) in Kuwait Car Rental Market, 2015

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The license provides the access to hard copy/ printed copy of the report to the Authorized User. The report will be delivered to the user on the address provided during making the purchase. The Authorized User may store, display, or archive the information but will not use any information in the report for circulation or citation purpose. The individual user will treat the information in the report as confidential and will not only use this for internal purpose.

Corporate User License:
Access to the content will be granted to multiple users within the organization. The users are authorized to store, display, duplicate, archive, print and distribute the information within the organization either electronically or in paper. The users are not authorized to use any information in the report for citation and circulation externally. The users will treat the information in the report as confidential and will only use this for internal purpose.

Al-Mullah, Al Sayer, Sefeena, Hertz, Sixt, Ousol, National, Payless, Budget

Car Leasing, Short Term Car Rental, Chauffeur Driven Car Rental, Contract Term, Booking Method


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