India Self Drive Car Rental Market Outlook to 2020 - Rising Customer Aspirations and Easy Availability of Renting Options to Boost Future Growth
Region:Asia
Product Code:KR372
February 2016
130
About the Report
The report titled "India Self Drive Car Rental Market Outlook to 2020 – Rising Customer Aspirations and Easy Availability of Renting Options to Boost Future Growth" provides a comprehensive analysis of various aspects such as the market size of India Self Drive Car Rental Market. The report also covers various segmentations by market structure, Cities, by type of cars, by type of booking channels, packages, by Intracity and intercity usage. Major players in India's self-drive car rental used two-wheeler market have been identified and their competitive landscapes have also been covered in the report. The India self-drive car rental market has displayed strong growth over the five-year period from FY’2010-FY’2015 on account of the increasing income of households, increasing number of players in the market, rising leisure travel and others.
The self-drive car rental market in India has perceived growth of ~% in terms of revenues over the period FY’2010- FY’2015. The self-drive car rental industry in India is mainly dominated by the unorganized sector accounting for ~% of revenues in FY’2015 whereas the organized market captured ~% of the market share. However, the trend has been shifting drastically in favour organized sector. The hatchback car segment dominated the other spectrum of cars because of the comfortable and smooth ride offered to the people within their affordable pricing packages. In FY’2015, the hatchback car segment constituted ~% of the overall car fleet of the market. During FY’2015, the online booking platform captured the major proportion among other modes of booking channels. It constituted ~% in contrast to other modes of booking channels. The majority of car bookings were done online as compared to physical bookings where a person needs to go physically and make the booking.
The self-drive car rental segment in car rental industry is an emerging concept and has already gained a lot of popularity in metropolitans in India. It has marked its presence majorly in the metropolitan cities of India. Bangalore has the maximum market share with ~% in the revenue of the online car rental industry, followed by Delhi with ~% as of FY’2015. Mumbai, Chandigarh, Pune, Kolkata, Hyderabad and Goa together constitute a total of ~% of the market share.
The Self Car rental industry in India is comprised of various car rental companies that follow the Pay per Use Model. In terms of revenues, Myles emerged as the leading player in the market, contributing ~% of the overall market revenues in FY2015. Zoom Car has recently emerged in the Indian self-drive car rental market and has posted remarkable growth in this market. In terms of car fleet size, Zoom Car owned a car fleet of ~ cars in FY’2015 as against ~ cars being owned by Myles during the same period.
An emerging economy such as that of India offers huge potential for self-drive car rental market. The players in the self-drive car rental market can utilize the current economic situation to provide valuable services and excellent quality cars to improve their individual sales. In the coming few years, it is expected that the self-drive car rental market will continue to flourish as more buyers will congregate in the self-drive car rental market seeking great deals as it is an excellent buying decision for an individual. Projections for the future suggest that this market is expected to showcase vibrant growth, with revenues to reach INR ~ million by FY’2020, growing at a CAGR of ~% during the period FY’2016- FY’2020. Additionally, it is expected that by FY’2020, the fleet size would grow at a rapid pace due to the emergence of new market players, and growing demand for cars, especially during weekends for leisure trips by Indian families as well as inbound tourists in India. There exist more opportunities and a scope of innovations from budding startups in this space.
Key Topics Covered in the Report:
- The market size of the India Self Drive Car Rental Market
- Global Performance of Self Drive Car Companies-China, Brazil and The US
- Market Structure of Organized and Unorganized Market Players in Self-Drive Segment
- Market segmentation of India self drive car market on the basis fleet size, different geographies, booking channels,
- different segments of fleet, pricing packages, usage of self drive car rental services, age group, working class and
- gender.
- Government Regulations in India Self-Drive Car Rental Market
- Security Mechanism in India Self Drive Car Rental Market
- Market Share of India Self Drive Car Rental Companies on the basis of Revenues and Fleet size
- Business strategies of India Self Drive Car Rental Companies
- Trends and Growth drivers of India Self Drive Car Rental Market
- Issues and Challenges of India Self Drive Car Rental Market
- Future Projections of India Self Drive Car Rental Market
- Macro Economic Variables in India Self Drive Car Rental Industry
Products
Companies
Table of Contents
1. Executive Summary
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach
Top Down Analysis
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
3. India Self Drive Car Rental Market
3.1. India Self Drive Car Rental Market Introduction
3.2. Share of Self Drive Car Rental Expenses in Total Domestic Road Trip Cost, FY’2015
3.2.1. Leisure Travel
3.2.2. Business Travel
3.3. Global Performance of Self Drive Companies
3.3.1. How Indian Self Drive Car Rental Market is Evolving Relative to China, Brazil and US?
3.3.2. How Self Drive Car Rental Companies are Operating in Brazil?
3.3.3. How Self Drive Car Rental Companies are Operating in the US?
3.4. Operating Model of India Self Drive car Rental Market
4. India Self Drive Car Rental Market Size
4.1. By Revenues, FY'2010-FY'2015
4.2. By Car Fleet Size, FY’2010-FY’2015
5. India Self Drive Car Rental Market Segmentation
5.1. By Market Structure- Organized and Unorganized Players, FY’2015
By Revenues, FY’2015
By Car Fleet Size, FY’2015
5.2. By Type of Cities- Bangalore, Delhi, Mumbai, Chandigarh, Pune, Kolkata, Hyderabad and Goa, FY’2015
5.3. By Type of Booking Channels- Online, Mobile And Physical, FY’2015
5.4. By Type of Cars- Hatchback, Sedan, SUVs and Luxury, FY’2015
5.5. By Packages- Hourly, Daily, Weekly and Monthly, FY’2015
5.6. By Usage- Intercity and Intra-city, FY’2015
6. Consumer Profile in India Self Drive Car Rental Market
6.1. By Gender- Male and Female, FY’2015
6.2. By Age Group- 18-25 years, 25-40 years, 40 years and above, FY’2015
6.3. By Occupation- Businessman, Professional and Students, FY’2015
7. Trends and Growth Drivers in India Self Drive Car Rental Market
Attractive Campaigns and Packages
Technological Advancements
Economic Viability
Increasing Usage of Mobile Apps
Growing Presence of Organized Players
8. Issues and Challenges in India Self Drive Car Rental Market
Tightening of Emission Standards
Fluctuations in Petrol/ Diesel Prices
Higher Cancellation Charges
Seasonality of Demand
Depreciation Costs
9. Role of Government in India Self Drive Car Rental Market
9.1. Government Regulations in India Self Drive car Rental Market
9.2. Security Mechanism in India Self Drive Car Rental Market
10. Market Analysis of India Self Drive Car Rental Market
10.1. Porter Five Forces Analysis of India Self Drive Car Rental Market
Threats to Entrants: Low
Competitive Rivalry: High
Supplier Power: Low
Buyer Power: High
Threat of Substitution: High
11. Major Players in the Organized Self drive Car Rental Market in India
11.1. Market Share of Major Players in India Organized Self Drive Car Rental Market
11.1.1. By Revenues, FY’2015
11.1.2. By Car Fleet, FY’2015
11.2. Competitive Landscape of Major Players in India Self Drive car Rental Market
11.3. Company Profiles of Major Players in India Self Driven Car Rental industry
11.3.1. Zoom Car
Business Overview
Future Plans
Pricing Packages
11.3.2. Let Me Drive
Business Overview
Future Plans
11.3.3. Myles
Business Overview
Pricing Packages
Future Plans
11.3.4. Self Drive
Business Overview
Pricing Packages
11.3.5. Avis India
Business Profile
USP
11.3.6. Hertz
Business Overview
Pricing Packages
USP
11.4. Eligibility Criteria for Taking Rental car for Self Drive In India
11.4.1. Zoomcar
11.4.2. Let me Drive
11.4.3. Self Drive
11.4.4. Revv
11.4.5. Voler
11.4.6. Just Ride
12. India Self Drive Car Rental Market Future Outlook and Projections
12.1. By Revenues, FY’2016-FY’2020
12.2. By Car Fleet Size, FY’2016-FY’2020
Key Opportunities for Future
12.3. Cause and Effect Relationship between Dependent and Independent Factors of the Self Drive Car Rental Market in India
12.4. Analyst Recommendations
For Existing Players
For New Startups
Value Added Services
12.5. Industry Experts Take on Market
Rajiv Vij- CEO, Carzonrent
Greg Mohan- Cofounder & CEO, Zoomcar
Aishwary Singh-CEO, Just Ride
Brahma Chauhan- CTO, Voler
Navendu Saxena-Co Founder, Letme Drive
13. Macro Economic Factors Affecting India Self Drive Car Rental Market
13.1. Personal Disposable Income, FY’2010-FY’2020
13.2. Passenger Car Sales, FY’2010-FY’2020
13.3. Middle Income Population, FY’2010-FY’2020
13.4. Working Class Professionals, FY’2010-FY’2020
13.5. Smart Phone Users In India, FY’2010-FY’2020
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