Long Term Car Rental VS Short Term Car Rental in Saudi Arabia Renting cars across the globe has become a booming option because of its affordability and convenience. But for anyone who is not familiar with car rentals, and trying to determine which sort of rental package is opted for you (long-term rental or short-term rental. So, if you have going back & forth trying to decide between short-term and long-term rental, this blog will be helpful to choose between these rental options. Before heading to know more about long-term and short-term rental options, let’s have a look at the global car rental market insights.
Long-term and Short-term Car Rental Market Insights According to Fortune Business Market Research, the global car rental market size was reported USB 85.79 billion in 2019. The market is projected to grow from USD 58.34 billion to 144.21 billion in the 2020-2027 period. Several commercial rental vehicle companies offer long-term and short-term car rental. The short-term rental segment has dominated the market in 2019 & anticipated to continue over the forecast period. Whereas, long-term car rental is expected to grow at the scorching CARG of 6.7% between 2020 & 2027. The demand for long-term rental cars is growing exponentially for corporate leasing and outstation travelling. Read more: https://fraikindayim.com/Blog/Long-Term-Car-Rental-VS-Short-Term-Car-Rental-in-Saudi-Arabia