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Saudi Arabia Mobility Landscape Shifts Gears: Car-Sharing, Taxis, and Truck Leasing Drive Market Growth to $18.5 Billion by 2027: Ken Research

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GURUGRAM, India, Feb. 20, 2024 /PRNewswire/ — Buckle up, Saudi Arabia. The Kingdom’s mobility landscape is undergoing a dynamic transformation, fueled by rising urbanization, changing consumer preferences, and government initiatives. Ken Research’s latest report, KSA Car-Sharing, Taxi & Truck Leasing Market Outlook to 2027: Driven by Vision 2030 and Tech-Savvy Consumers, dives deep into this evolving market, offering valuable insights for investors, car rental companies, technology providers, and government agencies.

Market Overview: 

The Saudi Arabian car-sharing, taxi, and truck leasing market is projected to witness tremendous growth, reaching a staggering $18.5 billion by 2027, indicating a CAGR of 12.2% during the 2022-2027 period. This remarkable expansion is driven by several key factors: 

Vision 2030’s Focus on Mobility: The Kingdom’s ambitious Vision 2030 roadmap prioritizes improving transportation infrastructure and promoting alternative mobility solutions, creating a favorable environment for market growth. Urbanization Surge: Rapid urbanization is leading to higher population density and a growing demand for flexible and convenient transportation options. Tech-Savvy Population: A young and tech-savvy population readily embraces digital platforms and on-demand services, accelerating the adoption of car-sharing and ride-hailing services. Rising Car Ownership Costs: Increasing vehicle prices and fuel costs make car ownership less attractive, pushing individuals towards shared mobility solutions. 

Interested to Know More about this Report, Request a Free Sample Report

Segment Spotlight: 

Ken Research provides a comprehensive segmentation of the market based on: 

Service type: Car-sharing, ride-hailing taxis, limousine services, truck leasing (long-term, short-term) Vehicle type: Economy, mid-range, luxury, trucks of various capacities Target user: Individuals, businesses, government agencies 

Competitive Landscape: 

The market features a mix of established players and innovative startups, creating a dynamic environment: 

Established players: Uber, Careem, Hertz, Budget, Saudi National Leasing New entrants: Siwar Car, Jahez, Swvl, Saha, and other local startups Technology providers: Offering app development, data management, and payment processing solutions 

Future Outlook: 

The future of the Saudi Arabian car-sharing, taxi, and truck leasing market is brimming with exciting opportunities: 

Technological advancements: Integration of artificial intelligence, big data, and automation to optimize route planning, pricing models, and fleet management. E-mobility push: Growing adoption of electric and hybrid vehicles for a sustainable and environmentally friendly transportation ecosystem. Focus on user experience: Personalized services, loyalty programs, and enhanced safety features to attract and retain customers. Expansion into new segments: Targeting specialized truck leasing solutions for niche industries and exploring micro mobility options like e-scooters and e-bikes. 

Visit this Link :- Request for custom report

Challenges to Address: 

However, some hurdles require attention: 

Regulatory framework: Clarifying regulations for new mobility models and ensuring fair competition are crucial for fostering innovation. Infrastructure development: Expanding dedicated lanes for car-sharing vehicles and improving public transportation integration are essential. Public perception: Addressing concerns about safety, data privacy, and affordability is key to wider adoption. 

Why This Report Matters: 

This report empowers various stakeholders in the Saudi Arabian mobility market: 

Investors: Identify lucrative investment opportunities across different segments and service types. Car rental companies: Adapt their business models to capitalize on emerging trends and technologies. Technology providers: Develop innovative solutions tailored to the evolving needs of the market. Government agencies: Design and implement effective policies to regulate and facilitate the growth of the sector.

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Taxonomy

KSA Car Sharing, Taxi and Truck Leasing Market

By Type of Fleet

SUVSedan

By Type of Taxi

Small TaxiMedium TaxiLarge TaxiCoaster

By Type of Truck

Heavy Duty TrucksMedium Duty Trucks

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA Car Sharing, Taxi and Truck Leasing Market

Related Reports by Ken Research: –

KSA Car Wash Market Outlook to 2030 Driven by Increased Car Ownership and Growing Understanding of the Significance of Vehicle Maintenance

KSA Carwash Market is expected to reach 1379.7 SAR Mn in 2030 which is valued at 494.1 SAR Mn in 2022. The market is expected to grow with a CAGR of 13.7% during 2022-2030. The market is growing due to various factors like rising vehicle ownership, urbanization and lifestyle changes and helpful expansion of consumers offerings.

Kuwait Car Rental & Leasing Market Outlook to 2027 How a leading regional player in rental and leasing industry allocated resources to increase its presence and overall market share

The market will grow at a CAGR of 9.8% during 2022-2027 due to increasing tourism industry & improvements in transportation. As the global automotive industry moves towards sustainability, there might be an increase in demand for electric vehicles. Car rental and leasing companies in Kuwait may explore adding electric or hybrid vehicles to their fleets to cater to environmentally conscious customers.

Al Fujairah Taxi Service Market Outlook to 2028 Driven by the regions growing economic activities and the demand for convenient transportation

The market will grow at a CAGR of 8.1% during 2022-2027 due to Fleet modernization, economic growth and business tourism. Fleet modernization, incorporating fuel-efficient or electric vehicles, acts as a catalyst for taxi companies in Fujairah. It addresses the environmental concerns and become appealing to the environmentally conscious consumer base.

GCC New and Used Car Market Outlook to 2028 Driven by Investments in transportation infrastructure are improving accessibility and convenience, encouraging car ownership

The GCC is emerging as a prominent automotive hub for various car types, poised to grow at a CAGR of 6.4% from 2023 to 2028. Key growth drivers include a growing population, influx of expatriates, rising income levels, and easy financing options. Rising incomes enable consumers to consider a broader range of vehicles, contributing to market expansion.

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Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

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TVCMALL Leads Wholesale Innovation for Simplified Online Retail Business Success at CES 2025

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LAS VEGAS, Jan. 11, 2025 /PRNewswire/ — CES 2025, one of the largest tech events globally, concluded with over 4,000 exhibitors showcasing breakthroughs in AI, digital health, and mobility. TVCMALL, a leading one-stop B2B wholesaler, made its second consecutive appearance at the event, delivering comprehensive solutions and introducing a new brand, LEMONDA. With a focus on eco-friendly products and AI-driven accessories, TVCMALL is redefining the wholesale experience for global entrepreneurs.

Revolutionizing Wholesale with AI and Sustainability
TVCMALL is a one-stop platform offering over 1 million SKUs, including mobile accessories, smart tech, and consumer electronics. At CES 2025, the company presented a range of cutting-edge products, from biodegradable phone cases to AI-driven gadgets like Meta Quest 3 headbands, wireless chargers, power banks, and gaming accessories. As part of its innovative approach, TVCMALL launched LEMONDA, a lifestyle brand focused on sustainability. Featuring lightweight, corrosion-resistant resin smartwatch straps and eco-friendly packaging, LEMONDA aligns with the growing demand for green solutions in tech, further cementing TVCMALL’s commitment to a sustainable future.

Comprehensive Solutions for Retailers
TVCMALL simplifies sourcing with an extensive catalog and AI-powered ordering systems, allowing businesses to streamline purchasing and make data-driven decisions. With no minimum order quantity (MOQ) on most products and a flexible dropshipping service, TVCMALL supports businesses with customized solutions tailored to their needs. Whether through personalized packaging or exclusive designs, TVCMALL helps entrepreneurs enhance their brand visibility and stay competitive. The platform also integrates with Amazon and custom APIs for a seamless experience.

Commitment to Quality and Global Growth
TVCMALL is dedicated to helping entrepreneurs succeed in both established and emerging markets. By offering competitive prices, fast delivery, and in-depth market insights, TVCMALL empowers businesses to expand into regions like Europe, Southeast Asia, and Brazil. The company works with trusted partners like Dux Ducis, CaseMe, and Nillkin, ensuring the reliability and quality of its offerings. Additionally, TVCMALL provides value-added services like product photography, factory inspections, and certifications (CE, RoHS), assisting clients with smooth market entry.

“At TVCMALL, our vision is to build a more generous and thriving world,” said Leo Chen, Founder and Chairman of TVCMALL. “CES 2025 is not just an exhibition for us; it’s an opportunity to collaborate, innovate, and inspire a new era of retail and technology.”

For more information, please visit www.tvcmall.com or contact sales@tvcmall.com.

Photo – https://mma.prnewswire.com/media/2593486/TVCMALL_booth_layout_at_CES_2025.jpg

View original content:https://www.prnewswire.co.uk/news-releases/tvcmall-leads-wholesale-innovation-for-simplified-online-retail-business-success-at-ces-2025-302345615.html

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The green power trading electricity volume in Turfan has surged significantly in 2024

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TURFAN, China, Jan. 11, 2025 /PRNewswire/ — On January 9, 2024, data released by Xinjiang Power Trading Centre Co., Ltd. indicated that the green power trading electricity volume in the Turfan region reached 0.97 billion kWh, representing a remarkable year-on-year increase of up to 14 times. This substantial growth underscores the region’s successful transition towards green energy.

State Grid Turfan Power Supply Company has taken proactive measures to expedite the development of the green power market. The company has facilitated the government’s introduction of a renewable energy consumption action plan, specifying new energy consumption ratios for key energy-consuming entities and establishing a market mechanism with a high proportion of new energy. These efforts have effectively promoted the “new energy participation in all trading varieties of the 24-hour curve” trading model and ensured continuous market opening on working days, thereby better accommodating the fluctuating characteristics of new energy output.

Furthermore, State Grid Turfan Power Supply Company established a green power certificate service station in Gaochang District, providing customers with convenient green power trading services and fostering a green consumption atmosphere throughout society. During the Autonomous Region Tourism Development Conference and the Turfan Grape Festival, the company achieved 100% green power supply and assisted three export-oriented enterprises in achieving low-carbon transformation, thereby enhancing the international influence of their brands.

Looking ahead, State Grid Turfan Power Supply Company will continue to implement measures to expand its “Power Supply + Energy Efficiency Bill” service, guiding society towards more efficient, economical, and environmentally friendly electricity usage, and contributing to the clean and low-carbon transformation of local energy resources.

View original content:https://www.prnewswire.com/apac/news-releases/the-green-power-trading-electricity-volume-in-turfan-has-surged-significantly-in-2024-302348525.html

SOURCE State Grid Turfan Power Supply Company

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Equipboard Unveils Sleek Redesign to Enhance Music Gear Discovery for Musicians Worldwide

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Redesign Introduces Modern Features, Streamlined Navigation, and Richer Content to Inspire and Support Music Makers Globally

AUSTIN, Texas, Jan. 11, 2025 /PRNewswire-PRWeb/ — Equipboard, the leading online community for musicians and gear enthusiasts, announces the launch of its newly redesigned website. With a modern look, streamlined navigation, and powerful new features, the redesign sets a new standard for connecting artists, producers, and hobbyists with the tools they need to create music.

Since its inception in 2013, Equipboard has grown into the world’s largest database of music gear used by professionals and amateurs alike. The redesign reflects the platform’s commitment to fostering creativity, offering transparent information, and making gear discovery and purchasing easier and more enjoyable for its global user base.

What’s New?

Equipboard’s redesign is more than just a fresh coat of paint. It introduces a host of improvements aimed at elevating the way users explore, share, and connect over their favorite gear:

    Modernized Design: A sleek, responsive layout ensures a seamless experience across all devices, with improved readability and accessibility.    Enhanced Navigation: Faster, more intuitive browsing helps users discover gear, artists, and inspiration effortlessly. Whether searching for a guitarist’s pedalboard or a producer’s go-to synth, the information is now at their fingertips.    Richer Content: Equipboard now features in-depth guides, expert-curated collections, and a revamped artist gear section to inspire and inform users at all levels of their musical journey.    Personalized Experience: Registered users can now enjoy a more tailored interface, saving their favorite gear and creating wishlists for their next creative adventure.    Price Comparisons Across Leading Retailers: Equipboard helps musicians make informed decisions by comparing prices on music gear from top retailers, ensuring they get the best value for their investment.    Community-Focused Features: New tools make it easier for users to contribute to Equipboard’s ever-growing database, ensuring the platform remains the most trusted source for music gear information.

“Equipboard has always been about empowering musicians by connecting them with the tools and insights they need,” said Michael Pierce, Co-Founder. “This redesign reflects our commitment to innovation and community, creating an experience that’s as inspiring as the gear our users discover. From in-depth artist insights to real-time price comparisons, we’re excited to see how these improvements help musicians worldwide make better gear choices and create amazing music.”

About Equipboard

Equipboard is the ultimate online resource for musicians and gear enthusiasts. With a mission to provide transparent, community-driven information about the gear used by artists and professionals, Equipboard has become a trusted destination for millions of music creators. The platform also simplifies the buying process with its innovative price comparison tool, helping users find the best deals from leading retailers. From electric guitars to studio monitors, Equipboard’s extensive database helps users make informed decisions about their music-making journey.

The redesigned Equipboard is now live at https://equipboard.com, offering a fresh look and enhanced tools to support music creators in exploring the gear behind their favorite artists’ sound.

Media Contact

Michael Pierce, Equipboard, 888-888-8888, contact@equipboard.com, https://equipboard.com/

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SOURCE Equipboard

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