Self-driving segment set to grow fastest in Oman car rental market with 12.3% CAGR through 2025

The latest study on car rental & leasing industry from Goldstein Research, a leading market intelligence & consulting firm, indicates this market will continue to expand in Oman to the tune of 5.9% annually between now and 2025 on back of rising urbanization coupled with growth in affluence level. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.


Per Goldstein Research, 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 total number of tourists in the GCC region is growing at a CAGR of 5.7% during the 2017-2025. The growing market has thus intimidated the local dwellers to adopt the services of car rental & leasing.



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Market Segmentation


Oman Car Rental & Leasing Market has been 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


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.


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.


For any enquiry about the report and for specific requests, contact us @ www.goldsteinresearch.com/contact-us





For more reports related to Automotive Industry, visit: www.goldsteinresearch.com/industries/automotive


About Goldstein Research


Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.


Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.





Our analysts are working on automotive industry trends helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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