Insights

DISCOVER

COMPANY

Survey

SURVEY

Consulting

COUNSULTING

Create New Account

Book discovery call

India Self Drive Car Rental Market Outlook to 2024

Rising Prominence of Shared Mobility Space with Growing Competencies of Self Drive Companies due to the Growing Investments

Region:Asia

Author(s):Aditya

Product Code:KR914

Download Sample Report

Published On

November 2019

Total pages

Download Sample Report

About the Report

The report titled publication "India Self Drive Car Rental Market Outlook to 2024 - Rising Prominence of Shared Mobility Space with Growing Competencies of Self Drive Companies due to the Growing Investments" provides a comprehensive analysis on self drive car rental industry of India and other major countries. The report focuses on the overall market size both in terms of Gross Transaction Value (GTV) & fleet size; market segmentation by market structure (Organized and Unorganized Market); By Cities of India (Bangalore, Delhi, Mumbai and Others); By Type of Booking Channels (Mobile, Online and Physical); By Type of Booking Package (Hourly, Weekly, Daily and Monthly); By Type of usage (Intercity or Intracity), By Type of Booking Period (Weekends and Weekdays); By Car Type (Hatchbacks, Sedans and SUV and MUV); By Segments of Cars (Standard and Luxury); By Status of Ownership (Owned or Leased). The report also includes trends and developments and issues and challenges in the market. Completion analysis including cross comparison on the basis of key performance indicators of the players, company profiles of major organized sector players and their market share in terms of sales volume. The report concludes with market projections and analyst recommendations highlighting the major opportunities and cautions.

Market Overview and Size

The self drive car rental Industry in India is in its early stages of growth with only 10-15 major organized players operating in the market. The market showcased a double digit CAGR in terms of both GTV and fleet size during the review period FY’2013-FY’2019. The increase in demand for privacy coupled with development of local tourist destinations and convenient places for quick getaways has helped the market to grow.

Market Segmentation

By Market Structure (Organized and Unorganized Market): Organized market dominated both in terms of Gross Transaction Value (GTV) and Fleet Size during the year FY’2019. The organized market space is able to provide a structured and transparent fee structure along with extra and complimentary customer services such as on road assistance, GPS, cleaning and maintenance which the unorganized sector fails to do so.

By Cities (Bangalore, Delhi, Mumbai, Pune Chandigarh and others): Bangalore leads in this segment as it is the home to every major startup in this industry and provides growth opportunities for tech savvy people and a good place for on ground testing and research.

By Booking Channel (Mobile Application, Online Portals and Physical Bookings): Mobile application booking is the most favorable method as it provide the user with added convenience and the ease of booking a car from anywhere.

By Booking Package (Hourly, Daily, Weekly and Monthly): Majority of customers prefer to book car on the basis of daily package as they provide them with the most economical packages and durations. The Daily basis package amounted to the highest proportion out of the total number of bookings done in FY’2019.

By Usage (Intercity and Intracity): The development of roads and highways all across India provides a well-connected network which in turn allows the people to easily travel from one city to another. Inter-city trips hold a significant part of total trips done by the users, in comparison to Intracity trips made by them during FY’2019.

By Booking Period (Weekends and Weekdays): Demand from the weekend segment was observed to be high during FY’2019 as majority of the quick getaways and short trips are planned on weekends. The other section of this segment comprises of bookings made for the weekdays are usually done by Corporate Clients or Students.

By Types of Cars (Hatchbacks, Sedans and SUV+MUV): The overall industry holds a similar number of Hatchbacks and SUV and MUV in their fleet as the demand for them is very high. Sedan cars are the least used cars and amounts to a small share in the market.

By Segments of Cars (Standard and Luxury): Luxury cars are the high end cars provided by a rental company, and are mostly based on style and performance. These types of cars provide maximum comfort and style.

By Status of Ownership (Owned and Lease Contract): The companies who were initially working in this segment used to expand their fleet by purchasing cars from manufacturers or owners of the cars. As a result, owned segment dominated during FY’2019.

Comparative Landscape

The Self Drive Car Rental market in India is in its Growth stage. The market is currently less than 6 years old as first operations which were established by companies such as Myles in FY’2014 provided limited growth in the market. Entry of players such as Zoomcar, JustRideIt, Avis and Revv helped the market to grow and helped to shape the industry up. These companies were followed by other players such as Jiffy Cars, Zip Cars, Eco Rent a car and international expansion of a Japanese firm ORIX called MyChoize. These market players compete on the basis of Fleet Size, Number of Pick up Points, Car Portfolio, Custom services provided, after sale services, Complementary services, Area of Operations.

Future Outlook and Projections

In future, it is anticipated that India Self Drive Car Rental Market in terms of GTV and Fleet size will increase at a positive CAGR during FY’2019–FY’2024 due to increased number of organized players and high value of fresh investments acquired by the companies. Also, increase in the personal disposable income and the development of tourism sector of India provides a positive outlook. The implementation of the government actions such as making India a Zero emission zone by 2030 will also help the market to grow and the government will also be looking forward to make amendments in already existing laws to provide a separate legal status to the Industry. All the above mentioned factors coupled with the rising demand for self drive cars from corporate offices and service professionals will maintain the growing trend of the self drive cars in India.

Key Topics Covered in the Report

Market Overview and Genesis for India Self Drive Car Rental Market
Share of Self Drive Car Rental Expenses in Total Domestic Road Trip Cost, FY’19
Global Performance of Self Drive Companies (USA, China, Brazil, India), FY’2019
Working Model for Indian Self Drive Car Rental Company
India Self Drive Car Rental Market Size, FY’2014-FY’2019
By Gross Transaction Value
By Fleet size
Market Segmentation of India Self Drive Car Rental Market
By Market Structure: Organized and Unorganized
By Cities of India: Bangalore, Delhi Mumbai and Others
By Booking Channels: Mobile, Online and Physical
By Booking Package: Hourly, Daily, Weekly, Monthly
By Usage: Intercity and Intracity
By Booking Period: Weekends or Weekdays
By Types of Car: Hatchback, Sedan, SUV+MUV
By Segments of Cars: Standard and Luxury
By Ownership Status: Owned and Leased
Consumer Profiles of the User Base on the basis of Age, Occupation and Gender
Trends and Developments of Indian Self Drive Car Rental Market
Issus and Challenges of Indian Self Drive Car Rental Market
Government Regulations In India Self Drive Car Market
Security Mechanism and Movement Tracking Devices In India Self Drive Car Rental Market
SWOT Analysis Of The India Self Drive Car Rental Market
Market Analysis Of India Self Drive Car Rental Market
Competition Analysis Of Major Organized Players In India Self Drive Car Market
Strength and Weakness of Major Companies
Cross Comparison on the basis of Key Parameters
Heat Maps
Analysis of Cancellation Charges of the Major Players
Company Profiles of Major Companies in India Self Drive Car Rental Market
Future Outlook of India Self Drive Car Rental Market in India
Analyst Recommendations

Products

Key Target Audience

Startups and Private car Owners
Offline Dealers
Online Self Driving Car Rental Portals
Organized Multi Brands Dealers
OEM Certified Dealerships
Corporate Clients
Private Equity and Venture Capitalist Firms
Industry Associations
OEM Manufacturers
Automotive Manufacturers
EV Service Provides
Hotel Chains
Airport Authorities
Car Auction Companies

Time Period Captured in the Report:

Historical Period – FY’2014-FY’2019
Forecast Period - FY’2019-FY’2024

Companies

Key Segments Covered

GTV

Organized Sector

By Cities of India (Bangalore, Delhi Mumbai and Others)

Unorganized Sector

Number of Bookings

By Booking Channel (Mobile, Online and Physical)
By Booking Package (Hourly, Daily, Weekly and Monthly)
By Usage (Intercity and Intracity)
By Booking Period (Weekends and Weekdays)

Fleet Size

Organized Sector

By Types of Cars (Hatchback, Sedan, SUV+MUV)
By Segment of Cars (Standard and Luxury)
By Status of Ownership (Owned and Leased)

Unorganized Sector

Major Companies Covered:

Zoomcar
Drivezy
Revv
Myles
Avis India
MyChoize (ORIX)
Eco Rent a Car
Zip Cars
Jiffy Cars
Voler Cars

1. Executive Summary

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Size and Modeling

Consolidated Research approach

Variables Dependent And Independent

Multi Factor based sensitivity model

Regression Matrix

Final Conclusion

3. Market Introduction

3.1. Market Overview and Genesis (Historical Evolution, Market Stage, Trends and Challenges and
Nature of Competition)

3.2. Share of Self Drive Car Rental Expenses in Total Domestic Road Trip Cost, FY’2019

Business Travel

Leisure Travel

3.3. Global Performance of Self Drive Companies

How Indian Self Drive Car Rental Market is Evolving compared to China, Brazil and U.S.?

Comparative Analysis of Major Players in Brazil Self Driving Car Rental Industry (Business
Overview, USP, Fleet Size, Fees and Car Portfolio)

Comparative Analysis of Major Players in US Self Driving Car Rental Industry (Business
Overview, Key Facts, Fleet Size and Car Portfolio)

4. Working Model (Flow Chart, Rationale and Pricing Mechanism)

5. Market Size, FY’2014-FY’2019

5.1. By Gross Transaction Value (GTV), FY’2014-FY’2019

5.2. By Fleet Size, FY’2014-FY’2019

6. Market Segmentation, FY’2019

6.1. By Market Structure - Organized and Unorganized Players, FY’2019

6.2. By Cities - Delhi, Bangalore, Mumbai, Pune, Chandigarh, Kolkata, Goa, Hyderabad and
Others, FY’2019

6.3. By Booking Channels - Mobile, Online Portal, Physical Stores, FY’2019

6.4. By Booking Package - Hourly, Daily, Weekly, Monthly, FY’2019

6.5. By Usage - Intercity, Intracity, FY’2019

6.6. By Booking Period - Weekdays, Weekends, FY’2019

6.7. By Types of Cars - Hatchbacks, Sedans, SUV+ MUV, FY’2019

6.8. By Segment of Cars - Standard and Luxury, as of March 31st 2019

6.9. By Status of Ownership - Owned or Lease Contracts, FY’2019

7. Consumer Profile

7.1. By Gender – Male and Female, FY’2019

7.2. By Age Group - 18-25 Years, 25-40 Years, 40 Years and above, FY’2019

7.3. By Occupation - Businessman, Service Professional And Students, FY’2019

8. Trends and Developments

8.1Preference for Vehicle Without Chauffeur

8.2Technological Advancements in the space of Internet of Moving Things

8.3Convenience for Middle CLass Population

8.4Shared Mobility Space

8.5Growing Presence of Organized Players

8.6Less Financial Burden

8.7Provisions for reducing Accidents

9. Issues and Challenges

9.1High Cancellation Charges

9.2Seasonality of Demand

9.3Optimization of Fleet

9.4Tightening of Emission Standards

9.5Legal Challenges

9.6Low Penetration rate in Tier 2 and Tier 3 cities

9.7 Driving Challenges with Overseas Travelers

10. Government Regulations (The Motor Vehicles Act, 1988 And Rent a Cab Scheme, 1989)

Government’s Role (Overview, Technological Advancements, Organized Space, Need for
Standardization, Ambiguity surrounding Rules and Regulations and Amendments in the Existing
Law)

11. Security Mechanism and Movement Tracking Devices (Insurance Covers, Movement tracking Mechanisms and Key Takeaways)

12. SWOT Analysis

13. Market Analysis

13.1. Porter Five Forces Analysis

14. Competition Analysis of Major Organized Self Drive Car Rental Companies

14.1. Competition Analysis (Market Stage, Nature of Market and Competitive Scenario)

14.2. Strength & Weakness of Major Self Drive Car Rental Companies (ZoomCar, Drivezy, Avis,
MyChoize and Vroom)

14.3. Market Share of Major Self Drive Car Rental Companies (ZoomCar, Drivezy, Avis, MyChoize
and Vroom), FY’2019

14.3.1. By Gross Transactional Value (GTV), FY’2019

14.3.2. By Fleet size (Units), as of March 31st 2019

14.4. Comparative Landscape of Major Self Drive Car Rental Companies (ZoomCar, Drivezy, Revv,

Avis, MyChoize, Myles and Vroom) in India (Fleet Size, Business Model, Areas of Operation,

Pickup Points, Total Number of Employees, Car Portfolio, Major Revenue generating Cities, Major

Consumer Base on the Basis of Age, Average Number of Bookings in a Month, Global Website

Ranking, Refundable Deposit, Cancellation Charges and Number of Application Downloads)

14.5. Heat Map (Car Subscription, Pick Up and Drop- Off, Self Check In, Without Fuel
Subscription and Flexible Distance Charges)

14.6. Cancellation Charges (Before 24 Hours of Booking Time, Within the 24 Hours of Booking
Time, Before 4 Hours, After Booking Time and Late Return)

15. Company Profiles of Major Self Drive Car Rental Companies (Company Overview, Business

Strategies, USP, Key Indicators, Investments Acquired Recent Developments, Future Strategies,

Financials and Product Portfolios)

15.1. Zoomcar

15.2. Drivezy

15.3. Revv

15.4. Myles

15.5. MyChoize

15.6. Avis India

15.7. Other Self Drive Car Rental Companies (Eco Rent a Car, Zip Cars, Jiffy Cars, Voler cars)

16. Eligibility Criteria for taking Rental car in India (Terms for Renting out a Self Driven Car)

17. Future Outlook and Projections, FY'2019-FY'2024E

17.1. By GTV and Fleet Size, FY’2019-FY’2024E

17.2. Future Market Segmentation of India Self Drive Car Rental Market, FY’2024E

By Market Structure - Organized and Unorganized, FY'2024E

By Cities - Delhi, Bangalore, Mumbai, Pune, Chandigarh, Kolkata, Goa, Hyderabad and Others,
FY'2024E

By Booking Channels - Mobile, Online Portal and Physical Stores, FY'2024E

By Booking Package - Hourly, Daily, Weekly and Monthly, FY'2024E

By Usage – Intercity and Intracity, FY'2024E

By Booking Period - Weekdays and Weekends, FY'2024E

By Types of Cars - Hatchbacks, Sedans and SUV+ MUV, FY'2024E

By Segment of Cars - Standard and Luxury, FY'2024E

By Status of Ownership - Owned and Lease Contracts, FY'2024E

18. Analyst Recommendations

18.1. For Existing Players

Strategic Partnerships with Service Centeres

Shared Economy SPace

Optimization of Fleet by implementing a Chauffer Driven Segment

Technological Advancements

Focus on Convenience of Customers
Airport Pickup Points

18.2. For New Entrants

Focus on Electric Vehicles

Focus on Infrastructural development

18.3. For Government

Standardisation in the Market

Amendments in the Law

Disclaimer

Contact Us

Why Buy From Us?

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

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.

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.

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.

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.

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