Jan 8, 2019   SOURCE: PR NewsWire

Kuwait Vehicle Leasing Market is Expected to Grow at a CAGR of More Than 9% From 2018-2023: Ken Research

GURUGRAM, India, January 8, 2019 /PRNewswire/ --

        
        - Growth in end user industries, advancement in technology platforms for better
          fleet management and client servicing through value added services, increasing number
          of players in long term vehicle leasing industry and revival of oil prices will
          majorly account for the growth of Kuwait vehicle leasing market in upcoming years.
        - It is anticipated that Oil & Gas sector and Government sector will account for
          majority of the share in revenue by 2023.
        - Private sector investments and introduction of incentives for foreign investor to
          start their businesses in the country is expected to increase the demand for vehicle
          leasing in the country.

Kuwait vehicle leasing industry is expected to grow at a moderate growth rate during the forecasted period on the back of strong economic activity, growth in end user industries such as Construction, Oil & Gas and other sectors. During the forecasted period, vehicle leasing companies are expected to upgrade their IT platform to deliver better customer service experience, flexibility and security to the customer and for better fleet management. Focus on value added services such as 24*7 repairs and maintenance, comprehensive insurance coverage, shorter delivery time and other services is expected to increase the market revenue in forecasted period.

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With slump in Oil and Gas sector in the past few years, the vehicle leasing industry have been increasingly focusing on non-oil sectors such as FMCG, Telecom, Healthcare, Logistics, Construction to boost their revenue and expand market share. It will also help them to reduce dependence on the Oil & Gas sector's growth. Under the Kuwait National Development Plan's, positioning Kuwait as a global hub for the petrochemical industry and increasing direct foreign investment by 300% will induce further growth in the economy and will increase the demand for vehicle leasing in the country.

The vehicle leasing companies are also expected to increase the number of fleets as to meet the increased demand from end users such as travel companies, logistics and construction sector and to support their expansion plans to regions which are still undeveloped specifically northern region.

With the presence of large number of government offices, large MNC'S and rising capital inflows in South and Central Region seems to be a promising region for car leasing companies in future. However, owing to government plans to boost infrastructure and economic activity in Northern region, the region becomes quite promising and is anticipated to have higher CAGR during the forecasted period for vehicle leasing companies to focus upon, according to the Analyst at Ken Research.

Analysts at Ken Research in their latest publication "Kuwait Vehicle Leasing Market Outlook to 2023 - By Type of Vehicle (SUV/MUV, Sedan, Pickups and Luxury Segment) and By End Users (Oil & Gas, Government, Construction, Logistics and Transportation and Others) [https://www.kenresearch.com/kuwait-vehicle-leasing-market.html ] suggests that demand for long term leasing services in the country will grow at a positive growth rate owing to growth in end user industry, emergence of new establishments and growing workforce, coupled with car leasing service providers focusing on expanding their service portfolio and increasing their fleet size.

For more information on the research report, please refer to below link:

https://www.kenresearch.com/kuwait-vehicle-leasing-market.html

Keywords  

        
        - Car leasing market in Kuwait
        - Vehicle leasing Market in Kuwait
        - Car Rental Industry Kuwait
        - Pricing Vehicle leasing in Kuwait
        - Vehicle Leasing Industry Revenue Kuwait
        - Long Term Car Leasing Market in Kuwait
        - Long Term Car Leasing Fleet Size in Kuwait
        - Kuwait Vehicle Leasing Market Size
        - Major Players in Kuwait Car Leasing Market
        - Car Rental/Leasing Companies in Kuwait
        - Competition in Kuwait Car Rental/Leasing Market
        - Kuwait Car Rental Leasing Future Growth
        - Automak Car Rental Leasing Market Share in Kuwait
        - Al Mullah Group Kuwait Car Rentals, Leasing Market Share
        - KGL Kuwait Car Rentals/Leasing Market Share
        - Sefeena Revenue Car Leasing in Kuwait
        - Future Kuwait Car Rental/Leasing
        - Trends in Car Rental/Leasing Market in Kuwait
        - Market share of car rental/vehicle leasing companies Kuwait
        - Major companies in car leasing market in Kuwait
        - Automak highest share car rental/leasing Kuwait
        - Future outlook of car leasing market in Kuwait

Key Segments Covered 

By Type of Fleet:  

        
        - SUV/MUV
        - Sedan
        - Luxury Segment
        - Pickups

By End User Sectors:  

        
        - Oil and Gas
        - Government
        - Construction
        - Logistics and Transportation
        - Others (FMCG, ITES, Telecom, Financial Institutions, Healthcare, Individuals and
          related industries)

By Type of Vendors: 

        
        - Vehicle Dealer
        - Vehicle Leaser

By Type of Regions  

        
        - Southern Region
        - Northern Region
        - Central Region

Key Target Audience  

        
        - Vehicle Leasing Companies
        - Vehicle Dealers
        - Car Rental Companies
        - Government Bodies
        - Industry Associations
        - Venture Capitalist/Investors

Related Reports 

Saudi Arabia Car Leasing Market Outlook to 2022 - By Car Rental and Car Dealers, By End Users (Logistics, FMCG & Home Delivery, Oil and Gas, Construction, Government offices, Others) [https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/saudi-arabia-vehicle-leasing-market/143546-100.html ]  

The report provides a comprehensive analysis of the long term car leasing market in Saudi Arabia. The report covers various aspects such as overall market size of Saudi Arabia long term car leasing market in terms of fleet and revenue, average contract value segmentation on the basis of end users (logistics, FMCG & Home Delivery, Construction, Oil & Gas Sector, Government sector and others), by regions (Central, Western, Eastern, Northern and Southern region), by category (Premium/Luxury, Pickup and Cargo Cars, Medium Category, Small Category Cars), by players (car rental companies and car dealers on the basis of fleet size). The report also covers car rental and leasing eco-system basis demand side and supply side, trends and developments, regulatory scenario, competitive landscape of leading players (Budget, Hanco, Best Rent A Car, Theeb Rent A Car, Shary Rent A Car, Avis, Auto World, Hertz, Key Rent A Car and Samara). The report provides market share of major car dealers, car leasing fleet by car category, competition success factor, market leader case study and key operation metrics along with future outlook and projections.

UAE Car Rental and Leasing Market Forecast to 2020 - Demand from Work Expats and E-Bookings to Drive Growth [https://www.kenresearch.com/uae-car-rental-leasing-market.html ]

The report provides a comprehensive analysis of the Car Rental and Leasing Market in UAE. The report covers various aspects such as market size of UAE 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 for Car Rental. The report also provides insight vehicle leasing market in UAE, Dubai, Abu Dhabi and Northern Emirates including car leasing market size and segmentation by industry verticals, term of contracts and vehicle type for car leasing market. The report also entails the market share and strategies of the major players in the UAE car rental and leasing market along with the Government rules and regulations governing the market. An analysis of the future Car Rental Market of UAE is provided on the basis of revenue and fleet size over next five years.

Egypt Car Rental and Leasing Market Forecast to 2020 - Recovering Economy and Improved Transport Infrastructure to Drive Growth [https://www.kenresearch.com/egypt-vehicle-leasing-market.html ]

The report provides a comprehensive analysis of the Car Rental and Leasing Market in Egypt. The report covers various aspects such as market size of Egypt 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 Egypt, car leasing market size and segmentation by industry verticals, term of contracts and vehicle type for car leasing market in Egypt. The report also entails the market share and strategies of the major players in the Egypt car rental and leasing market along with the Government rules and regulations governing the market. An analysis of the future Car Rental Market of Egypt is provided on the basis of revenue and fleet size over next five years. 

            Contact Us: 
        Ankur Gupta 
        Ken Research Pvt Ltd, Head Marketing 
        Ankur@kenresearch.com 
        +91-9015378249

  


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SOURCE Ken Research