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CAGR for Car Rental & Leasing Market in Qatar Assessed at 8.1% (2017-2025) by Goldstein Research

According to Goldstein Research, Qatar car rental & leasing market is anticipated to expand at a CAGR of 8.1% during the forecast period, 2017-2025. Qatar is experiencing a strong market for car rental & leasing due to high fleet sales & rent-a-car to the increasing number of tourists in the region. The total number of tourists in the GCC region is growing at a CAGR of 5.7% during the 2017-2025 forecast period. Qatar majorly accounts for small to medium enterprises (SMEs) in the car rental market. Moreover, the low cost of carpooling in Qatar i.e. QR5 per passenger and faster commutation has increased the demand of car rental services. Further based on rental type segmentation, chauffeur drive or taxi services segment acquired major market share i.e. 53% in 2017. Whereas, the self-driving segment is growing at fastest CAGR of 10.2% during the forecast period (2017-2025). For market research on car rental & leasing in Qatar, visit- https://www.goldsteinresearch.c...