Saudi Arabia Truck Leasing and Rental Market Size, Share, Analysis, Growth, Trends and Forecast
Various ongoing construction projects in the country are raising the demand for trucks, by which many corporate companies take trucks on a lease, thus driving the Saudi Arabia truck leasing and rental market in the forecast period. According to TechSci Research report, “ Saudi Arabia Truck Leasing and Rental Market -By Region, By Company, Forecast & Opportunities, 2017- 2027F ” , the Saudi Arabia truck leasing and rental market stood at USD3,334.48 million in 2021 and is expected to register a CAGR of 6.51% to reach USD5,357.20 million by 2027. Important Factors of Saudi Arabia Truck Leasing and Rental Market The rise in demand for trucks for the transportation, construction, and logistics industry and the introduction of connected and smart trucks are expected to drive the demand for the Saudi Arabia truck leasing and rental market. Rapid urbanization and increasing demand for construction activities are bolstering the demand for trucks to carry heavy mater...