GCC Car Rental Market Size to Surpass USD 3.83 Billion by 2033 | With a 9.7% CAGR

GCC Car Rental Market Overview

Market Size in 2024: USD 1.65 Billion

Market Size in 2033: USD 3.83 Billion

Market Growth Rate 2025-2033: 9.7%

According to IMARC Group's latest research publication, "GCC Car Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC car rental market size was valued at USD 1.65 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 3.83 Billion by 2033, exhibiting a CAGR of 9.7% from 2025-2033.

How AI is Reshaping the Future of GCC Car Rental Market

• AI-Powered Dynamic Pricing: AI algorithms at Sixt GCC adjust rental rates in real-time based on demand and events, boosting revenue by 25% during peak tourism in Dubai and Riyadh, aligning with Vision 2030's digital mobility goals.
• Personalized Booking Recommendations: Machine learning on platforms like Careem Rides suggests tailored vehicles, increasing user engagement by 30% among expats and tourists in UAE and Saudi Arabia's $1.82 billion market.
• Predictive Fleet Management: AI forecasts maintenance needs for electric fleets at Hertz UAE, reducing downtime by 20% and supporting sustainability initiatives with hybrid vehicle integrations.
• Fraud Detection Automation: AI monitors transactions in real-time across GCC apps, cutting fraudulent bookings by 15% and enhancing security for cross-border rentals under unified GCC visas.

Grab a sample PDF of this report: https://www.imarcgroup.com/gcc-car-rental-market/requestsample

GCC Car Rental Market Trends & Drivers:

Digital platforms propel 40% of GCC car rental market growth, with super-apps like Careem driving $1.82 billion in bookings through AI-personalized recommendations. UAE and Saudi Arabia lead, as Vision 2030 integrates mobile apps for seamless rentals, boosting adoption by 25% among 70% of tourists. This trend enhances accessibility, cutting costs by 20% and aligning with 98% mobile penetration, positioning the GCC as a hub for tech-driven mobility amid rising e-commerce and short-term rentals.

Sustainable and electric vehicle adoption fuels 35% market expansion, with UAE’s Green Agenda and Saudi’s net-zero goals promoting EV fleets that reduce emissions by 15%. Companies like EVLAB launch all-in-one apps for EV rentals, appealing to 60% of eco-conscious travelers. Government incentives, including $1 billion for EV infrastructure, support hybrid models, fostering innovation and alignment with global standards in the $1.82 billion sector, particularly during tourism peaks.

Tourism and economic diversification drive 30% demand surge, with the GCC market backed by 150 million annual visitors. Saudi Arabia’s 4,700 infrastructure projects and UAE’s Expo 2030 fuel flexible rentals, supported by 7.13% annual growth. High-volume segments, with 65% of bookings for short-term self-drive, leverage unified GCC visas, cementing the region’s role as a leader in convenient transportation solutions.

Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=11487&flag=E

GCC Car Rental Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Booking Type:

• Offline Booking
• Online Booking

Analysis by Rental Length:

• Short Term
• Long Term

Analysis by Vehicle Type:

• Luxury
• Executive
• Economy
• SUVs
• Others

Analysis by Application:

• Leisure/Tourism
• Business

Analysis by End User:

• Self-Driven
• Chauffeur-Driven
• Country Analysis:
• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in GCC Car Rental Market

• January 2025: Hertz UAE expands its EV fleet with over 100 Tesla and Polestar models, partnering with ride-hailing apps to offer sustainable rentals, targeting a 10% increase in eco-friendly bookings.
• June 2025: Sixt launches AI-integrated chauffeur services in Riyadh, allowing seamless switches between self-drive and driver options, enhancing corporate travel amid Saudi's tourism diversification efforts.
• March 2025: Yelo introduces subscription-based long-term rentals in Dubai, bundling maintenance and insurance, which sees 20% uptake from expats seeking flexible mobility solutions.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St., Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302