Saudi Arabia Vehicle Leasing Market Report 2025 | Size, Share, and Demand by 2033

Author: Stanley Huds

Saudi Arabia Vehicle Leasing Market Overview

Market Size in 2024: USD 4.52 Billion

Market Size in 2033: USD 9.05 Billion

Market Growth Rate 2025-2033: 7.20%

According to IMARC Group's latest research publication, "Saudi Arabia Vehicle Leasing Market Size, Share, Trends and Forecast by Type, Mode of Booking, and Region, 2025-2033", The Saudi Arabia vehicle leasing market size reached USD 4.52 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.05 Billion by 2033, exhibiting a growth rate (CAGR) of 7.20% during 2025-2033.

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How AI is Reshaping the Future of Saudi Arabia Vehicle Leasing Market

  • AI-powered fleet management systems in Saudi Arabia are enhancing operational efficiency by providing real-time vehicle tracking, predictive maintenance, and optimized routing, significantly reducing downtime and costs.
  • Government initiatives like Project Transcendence and NEOM are heavily investing in AI-driven smart urban mobility solutions, pushing forward intelligent transport systems and autonomous vehicle integration.
  • AI-driven predictive maintenance reduces fleet maintenance costs by up to 25%, extending vehicle lifespan and preventing unexpected breakdowns, which is crucial for leasing companies managing large fleets.
  • Companies such as Airtel Money and local startups are integrating AI chatbots and digital platforms to streamline customer interactions and leasing service accessibility, boosting user satisfaction.
  • Saudi Arabia's $40 billion AI fund fuels R&D in automotive and mobility tech, accelerating innovations in electric vehicle leasing, traffic management, and driver behavior analytics.

How Vision 2030 is Transforming Saudi Arabia Vehicle Leasing Industry

Under Saudi Vision 2030, the vehicle-leasing market in Saudi Arabia is undergoing a structural transformation, with corporate and government fleets increasingly shifting from ownership to flexible leasing arrangements. The influx of multinational headquarters and logistics hubs raises demand for leased vehicles, while the proliferation of digital platforms and the push for sustainability drive consumer leasing uptake. Regulatory reforms promoting fleet modernisation and local-fleet content further boost the leasing ecosystem.

Saudi Arabia Vehicle Leasing Market Trends & Drivers:

The Saudi Arabia vehicle leasing market is gaining traction largely due to government policies promoting operational leasing over ownership. Cabinet Decision No. 545, effective in mid-2025, sets a unified regulatory framework that encourages leasing for government fleet procurement. This regulation prioritizes lifecycle efficiency, standardization, and compliance with fuel and maintenance rules, pushing government entities to favor leasing models. This structured approach drives demand for leasing providers able to meet technical and financial standards, fueling growth especially in public sector fleets while advancing Vision 2030's goals for economic diversification and efficient asset management.

Corporate adoption is another key factor boosting market growth. Many Saudi businesses in logistics, construction, hospitality, and oil sectors are shifting from owning fleets to leasing to reduce capital expenditure and management burden. Leasing contracts increasingly include bundled services like insurance, maintenance, and GPS tracking, enabling firms to focus resources elsewhere. Large companies such as Seera Group’s Lumi are expanding their fleets with institutional leasing deals, highlighting growing corporate reliance on flexible, asset-light models that align well with rising demand for operational agility and cost predictability.

Technological advancements and market innovation are further shaping the Saudi leasing landscape. Companies are integrating AI-driven telematics and digital dashboards to optimize fleet utilization and reduce downtime, lowering operating costs. Additionally, there's growing interest in electric vehicle (EV) fleets, supported by government incentives promoting green mobility. Subscription-based leasing models targeting SMEs and individual professionals are emerging, offering flexible, fixed monthly payments without long-term commitments. This blend of tech, sustainability focus, and flexible offerings is expanding market reach and appealing to a wider, tech-savvy customer base in Saudi Arabia.

Saudi Arabia Vehicle Leasing Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

  • Passenger Cars
  • Commercial Vehicles

Mode of Booking Insights:

  • Online
  • Offline

Regional Insights:

  • Northern and Central Region
  • Western Region
  • Eastern Region
  • Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Vehicle Leasing Market

  • Oct 2025: The Saudi vehicle leasing market saw a 31% rise in digital vehicle registrations, boosted by tech-driven fleets and government fleet modernization programs.
  • Sep 2025: Lucid Motors launched an electric vehicle fleet pilot in Riyadh, aligning with Saudi’s green mobility goals and expanding EV leasing options significantly.
  • Aug 2025: Telematics and AI-powered fleet analytics gained traction in leasing, enabling real-time vehicle monitoring and predictive maintenance, cutting costs and downtime.

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