What Is the Size of Bahrain Car Rental Industry?
Bahrain Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F. The Bahrain Car Rental Market is largely driven by favorable government policies and rising tourism in the country. Bahrain’s keenness to develop the ICT infrastructure and adopt many initiatives and projects to improve the readiness and security of information, in a way that enhances its advanced world-standard digital infrastructure and contributes to protecting its cybersecurity. The Kingdom is one of the leading countries in the region in the field of cybersecurity. It has launched the necessary initiatives and set up the basic rules of cybersecurity to put in place a robust and sustainable electronic environment.
The new infrastructure plans by government, will work to improve air quality and reduce traffic in the Kingdom. According to a study conducted by Pub Med Central, Bahrain has a high annual concentration of PM 2.5, and now citizens are starting to become aware to the health risks associated with air quality. According to UN Environment, reducing emissions from transport is a critical factor in decreasing air pollution in the Kingdom of Bahrain. Transport in Bahrain relies heavily on roads, with private cars being the most dominant mode of transportation, which is expected to fuel the car rental market in Bahrain.
Bahrain Car rental Market by Market Structure
The Bahrain Car Rental market is segmented by market structure into organized and unorganized market. There is a preference towards the organized sector as most of the tourists look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.
Bahrain Car rental Market by Type of Vehicles
The Bahrain Car Rental market is segmented by type of vehicles into small cars/ hatchbacks, sedans, SUVs and others. The SUV has the highest market share among other types of vehicles in the Bahrain Car Rental Market in 2022.
Bahrain Car rental Market by End-user type
The Bahrain Car Rental market is segmented by End-User into Self-Driven and Chauffeur. There is a preference towards the Self-Driven vehicles as they getting popular and still chauffeur still hold the most of the market share.
Bahrain Car rental Market by Vehicle type
The Bahrain Car Rental market is segmented by Vehicle type into Economy Cars and Luxury Cars. Economy cars segment dominates the Bahrain Car rental market in 2022.
Bahrain Car rental Market by mode of booking
The Bahrain Car Rental market is segmented by mode of booking into online and offline. Online mode of booking is more as compare to offline as it is quick and have more options. Also, tourist from other countries who don’t know to location can also easily book their cars online.
Key Segments Covered in the report:-
Bahrain Car Rental Market
By Type of Market Structure
Organized Channel
Unorganized Channel
By Type Of Car
Sedan
Hatchback
SUV
Van
Crossover
Others
By Booking type
Online booking
Offline booking
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By End User Type
Self-driven
Chauffeur
By Vehicle Type
Economy cars
Luxury cars
Key Target Audience
Car Rental Dealers
Car Rental Equipment Manufacturers and Distributors
Auto Portals
Online Dealers
Car Booking offices
Unauthorized Dealers
Market Research and Consulting Firms
Automotive Companies
Car Renting Companies
Tourism Agencies
Government Bodies & Regulating Authorities
Time Period Captured in the Report:-
Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2022P-2027F
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Companies Covered:-
Leading companies
Montreal Motors Co.
SPC
National Car Rental Bahrain
Kanoo Daily Rental
Hanco
Avis Corporation Regency
Rent- A- Car
Fast Rent A Car
City Car
Budget Bahrain
Sixt SE
Al Sayer
Europcar
Key Topics Covered in the Report:-
Executive Summary
Overview for Vehicle Renting Industry in Bahrain
Ecosystem for Bahrain Vehicle Renting Market
Value Chain Analysis for Bahrain Vehicle Renting Market
Market Size of Bahrain Vehicle Renting Industry
Market size for Bahrain Vehicle Renting Industry on the basis of Value and Number of Fleet, 2017-2022
Bahrain Vehicle Renting Industry Segmentation, 2022
Porter’s Five Forces Analysis of Bahrain Vehicle Renting Market
Growth Enablers in Bahrain Vehicle Renting Market
Trends and Developments in Bahrain Vehicle Renting Market
Issues and Challenges in Bahrain Vehicle Renting Market
Government Regulations and Initiatives
End-User Analysis in Bahrain Vehicle Renting Industry, 2022
Cross Comparison between different End Users
Competitive Landscape in Bahrain Vehicle Renting Industry
Marketing Strategies by some Vehicle Renting Companies
Future Outlook and Projections of the Bahrain Vehicle Renting Industry, 2022-2027F
Analyst Recommendations
Industry Speaks
Research Methodology
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