logo

India Car Rental Market Outlook to 2019

Rising Online Booking to Drive the Future Growth

Region:Asia

Product Code:KR267

Download Sample Report
Published On

November 2014

Total pages

115

About the Report

Click Here for an Updated Report on India Self Drive Car Rental Market Outlook to 2024
The report titled “India Car Rental Market Outlook to 2019 - Rising Online Booking to Drive the Future Growth” provides a comprehensive analysis of the various aspects such as the market size of the Car rental industry, online car rental industry and Car sharing industry in India. The segmentation on the basis of organizational structure, by On and Off airport, by type of trips, by booking channels, by type of clients, by car sizes and by cities have been covered in the report. The report also includes the market shares and revenues of major car rental companies in India. The future outlook of the car rental industry, major growth drivers and challenges, porter’s five forces, SWOT analysis and macroeconomic variables are presented in the report.

Indian car rental market is broadly segmented into organized and unorganized sectors. The car rental industry in India is mainly dominated by the unorganized sector which constitutes the maximum market share with about ~ as of FY’2014 whereas the organized market only captured the rest ~ of the market share. However, the trend has been shifting drastically in the favor of organized sector. The CAGR for the organized market for FY’2009-FY’2014 was valued at ~% which was much better than the unorganized sector of which the CAGR was calculated at 22.9%. The primary factor responsible for a small share of the organized sector is the lack of well-tarred roads, seasonality of demand, depreciation costs and the changing loyalty of the customers as well as a lesser availability of skilled drivers. Only a few numbers of car rental companies in India have a deep penetration in the tier 2 and tier 3 cities. 
The off airport segment dominated the on-airport segment by a huge margin because of the limited scope of the on airport segment. Also, the on airport rental service usually charges high rates as compared to the off airport segment. When customers book a rental car from the airport, they are subject to various daily fees and taxes that are not applied to car rentals which are not on airport property. In FY’2014, the on-airport segment constituted of ~% and generated revenues of INR ~ billion while the off airport segment constituted the market share of ~% and yielded revenues worth INR ~ billion.

One of the most interesting points in the on airport segment is that ~% of its revenues is generated from the business class segment. The reason for the high charges of on airport car rental services is due to the superior quality service, while the off airport thrives on a cheaper and comfortable ride for travellers The CAGR (2009-14) of the on airport segment of the car rental industry was valued at 26% bettering the off airport segment of which the CAGR was calculated at 24%.

The Car rental industry in India is comprised of various car rental companies that follow different business model such as the Aggregator and the ownership model. Aggregators do not own cars but instead they link with private taxi owners for business whereas under the ownership model, the companies do own the cabs and are in direct contact with the customers. Market revenues of Olacabs were valued at INR ~ million in FY’2014, making it the largest player in the car rental industry in India. Meru cab was the second largest car rental in terms of revenue in FY’2014. Meru cabs generated revenues of INR ~ million through cab service and cabvertising.

The online car rental service has really aided the growth of various car rental companies in India such as Ola cabs, Meru cabs, Carzonrent and Savaari car rentals. Majority of the cab bookings are expected to be done through online as compared to the physical booking where a person needs to go physically and make the booking.
The online car rental industry is an emerging concept and has already gained a lot of popularity in a lot of states in India. It has marked its presence majorly in the metropolitan cities of India. Delhi has the maximum market share with ~% in the revenue of the online car rental industry, followed by Bangalore with ~% as of FY’2014. Mumbai, Chennai, Pune together constitute a total of ~% of the market share, and the rest of the cities in which online car rental is present constitutes about ~% of the market share.

The market for car rentals in India is changing at a brisk rate. Technological advancements and rising tourists’ arrivals in the country as well as the competitive pressures have been significantly changing the market. Revenues from the car rental industry in India are expected to expand to INR ~ million in FY’2019, growing with a CAGR of 24.6% from FY’2015 to FY’2019.

Key Topics Covered in the Report
  • The market size of the Car rental industry.
  • Market segmentation of the car rental market on the basis of organized and unorganized market, type of trips, on and off airport, by cities, by type of booking channels, by type of car sizes, by type of driving and by type of clients.
  • The market size of the online car rental market.
  • Market segmentation of the online car rental market on the basis of on and off airport, by type of trips, by type of clients and by cities.
  • Trends and Development in the Indian car rental industry.
  • Growth drivers of the car rental industry in India
  • Major challenges faced by the car rental industry in India
  • Porter’s Five Forces Analysis of Car Rental Industry In India
  • Competitive landscape and detailed company profiles of the major car rental companies in the car rental industry of India.
  • Future outlook and projections of the Indian car rental industry 
  • Major macroeconomic factors in Indian car rental industry 

Products

India Car Rental, Online Car Rental, On Airport, Off Airport, Car Sharing

Companies

Olacabs, Meru cab, Carzonrent, Avis, Savaari car rentals, Taxiforsure, Travel House, Orix, Uber India

Table of Contents

1. India Car Rental Industry Introduction

1.1. Comparative Analysis of India, the US and European Car Rental Market

1.2. Customer Profile in Car Rental Industry in India

2. Value Chain Analysis of Car Rental Industry In India

3. India Car Rental Market Size, FY"2009- FY"2014

3.1. By Revenue, FY"2009-FY"2014

3.2. By Car Fleet Size, FY"2009-FY"2014

4. India Car Rental Market Segmentation

4.1. By Unorganized and Organized Markets, FY"2009-FY"2014

Major Service Issues in the Unorganized Car Rental market in India

4.2. By On Airport And Off Airport Market, FY"2009-FY"2014

4.3. By Type of Trips (Business And Leisure), FY"2014

4.4. By Type of Cities, FY"2014

4.5. By Type Of Driving (Chauffer And Self Driven), FY"2014

4.6. By Type Of Booking Channels (Online, Mobile And Physical), FY"2014

4.7. By Car Sizes (Small, Medium And Luxury), FY"2014

4.8. By Type Of Clients (Corporate And Retail), FY"2014

5. India Car Sharing Industry Overview

How Car Sharing Works?

Barriers and Opportunities

Market Interest - Users and Types

6. Trends And Developments In Car Rental Industry In India

Emerging Car Sharing Concept

Decline in Business Travels by Leveraging on New Technologies

Introduction of New Technologies in Cars

Car Leasing- Booming in Indian Market

Demand for Literate Staff

Mobile Apps- Uber and other companies Emerging in Indian Market with this Concept

Increasing advertising on cabs

7. Growth Drivers in India Car Rental Industry

Rising foreign and domestic tourist arrivals

Surging Income Levels

Desire To Travel in Luxurious Vehicles

Improving Road Infrastructure

Growth of BPO"s

Increasing Investments in Car Rental Industry

8. Major Challenges Faced By The Car Rental Industry

Tightening of Emission Standards

Volatility In Petroleum Product Prices

Seasonality of Demand

Maintaining Loyalty of the Customers

Depreciation Costs

9. SWOT Analysis Of Car Rental Industry In India

10. Porter"s Five Forces Analysis Of Car Rental Industry In India

Measures to Overcome Porter"s Five Forces

11. Market Share of Major Players in The Organized Car Rental Market In India

12. Competitive Landscape of Major Players in Car Rental Industry in India

13. India Car Rental Market Future Outlook And Projections, FY"2015"FY"2019

Future Potential of Car Rental in Major Cities

Expected Trends and Opportunities in the Near Term

13.1. Cause And Effect Relationship Between Dependent And Independent Factors of the Car Rental Market In India

14. India Online Car Rental Market Introduction

14.1. India Online Car Rental Market Size, FY"2012 "FY" 2014

14.2. India Online Car Rental Market Segmentation by Types of Online Car Rental, FY"2014

14.2.1. By On and Off Airport, FY"2014

14.2.2. By Business and Leisure, FY"2014

14.2.3. By Corporate and Retail Clients, FY"2014

14.2.4. By City Wise Cluster, FY"2014

14.3. Trends and Developments in Online Car Rental Industry in India

14.4. Competitive Scenario of Major Players in Online Car Rental Industry in India

14.4.1. Ranking of Major Players in Online Car Rental Market in India

14.4.2. Competitive Landscape Of Major Players in Online Car Rental Market in india

14.5. India Online Car Rental Market Future Outlook and Projections, FY"2015" FY"2019

15. Macroeconomic and Industry Factors in India Car Rental Industry

15.1. GDP of India, FY"2009 " FY"2019

15.2. Personal Disposable Income in India, FY"2009 " FY"2019

15.3. Internet Penetration in India, CY"2008-CY"2018

15.4. Growth in Tourism Industry in India, CY" 2009 " CY"2014

15.5. Inflation Rate in India, CY"2009 -CY"2014

15.6. BPO Industry in India, FY"2009-FY"2019

15.7. Population in India, CY"2009 " CY"2019

16. Appendix

16.1. Market Definitions

16.2. Abbreviations

16.3. Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion

16.4. Disclaimer

 

Why Buy From US?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022