The Growing Trend of Car-Sharing: Saudi Arabia Poised to Lead the GCC Region
The shared mobility industry is growing globally, with the number of car-sharing users expected to reach 62.11 million by 2027.
Companies such as Udrive and ekar dominate the market in the Gulf Cooperation Council (GCC) region, providing customers with an alternative to traditional rental options.
Car-sharing platforms offer a fully digital experience with no human interaction, which can streamline access to vehicles, reduce emissions, and remove barriers for those who cannot afford traditional car rental services.
The car-sharing segment in Saudi Arabia is projected to grow by 7.54% in the next five years, with the market volume expected to reach $148.60 million in 2027.
The car-sharing industry is growing globally as people shift from traditional car ownership to longer-term rentals.
The Middle East is an ideal market for car-sharing due to high population density and vertical infrastructure.
Companies are adapting their business models to leverage the sharing economy, and the number of car-sharing users worldwide is expected to grow to 62.11 million by 2027.
Car subscription programs are particularly attractive to expatriates in the Gulf countries, and the future of mobility in the region lies in on-demand services that provide a car-ownership experience without purchasing a car.
The car-sharing industry promotes a shift toward a more sustainable and environmentally conscious lifestyle.