Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023
Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector
Region:Asia
Product Code:KR781
April 2019
101
About the Report
Market Overview
In the future, it is expected that the demand for rented cars will be augmented largely due to the growth in the tourism industry, supported by the government initiatives and improvement in infrastructure, construction and real estate sector in the country.
The market faces challenges such as slow speed of internet, less coverage in the non metropolitan regions and a monopolistic environment for the new companies to establish. Grab has a monopoly in the Cab Aggregator Market. The maximum number of cabs is mainly in the metro cities due to the better access to the internet facility and high demand from the daily commuters as the public transportation is weak in the region.
Philippines Car Leasing Market: Philippines Car Leasing market is at the growing stage supported by the rise in demand by legal entities, and influx of Chinese immigrants following the Pro China Policy of Philippines. The market faces challenges such as companies engaging in price wars, absence of a regulatory body and car leasing companies facing problems while reselling the used vehicles. The car rental market is concentrated with a few players such as Nissan Rent- A- Car, Europcar and Hertz. Sedans dominated the market of car leasing in Philippines in the year 2018. The segment is driven by the factors such as corporate leasing for employee commute and rise in business activities where Sedans are preferred due to affordability. Three year lease period contributed the most to the overall market of car leasing market in Philippines in the year 2018. The segment is majorly preferred as after the duration of three years, the additional cost (maintenance, insurance and repairs) rises, also, the client does not have to bear the cost of finding a new vendor each year and upgrade to newer models. In future, it is anticipated that Philippines car leasing industry revenue will increase at a positive CAGR during the period 2018–2023E. In Philippines, it is expected that the demand for leased cars will be further augmented largely due to the cultural habit of local people of the country to experience newer car models, higher expat ratio and introduction of electric vehicles in the country.
Products
Key Target Audience
- Car Rental Companies
- Cab Aggregator Companies
- Car Leasing Companies
- Automobile Companies
- Tourism Companies
- Corporate Sector
- Hospitality Sector
Time Period Captured in the Report:
- Historical Period: 2013-2018
- Forecast Period: 2018-2023E
Companies
Companies Covered:
- Avis
- Budget
- Nissan
- Europcar
- Hertz
- Orix
- Diamond Rental
- Grab
- Owto
- Hirna
- Go Lag
- U Hope
- Micab
Table of Contents
1. Executive Summary
2. Research Methodology
2.1 Market Definitions
2.2 Abbreviations
2.3 Research Approach
2.4 Variables – Independent and Dependent
2.5 Correlation Matrix
2.6 Regression Matrix
2.7 Limitations and Conclusions
3. Car Rental Market
3.1 Business Model: Revenue Streams and Operating Model
3.2 Industry Revenue and Fleet Size, 2013-2018
3.3 Market Growth Drivers
3.4 By Purpose of Hire (Leisure, Business and Insurance Replacement), 2018
3.5 By Region (Luzon, Visayas and Mindanao), 2018
3.6 By Car Type (Economy, SUV/AUV and Premium), 2018
3.7 By Type of Booking (Offline and Online), 2018
3.8 Competitive Landscape (Overview, Cross Comparison by Rates and Type of Vehicles), 2018
3.9 Company Profiles (Company Overview, Business Strategy, USP, Revenue, Service Portfolio, Product Portfolio, Fleet Size, Employee Base, Rental Requirement), 2018
3.10 Issues and Challenges
3.11 Regulatory Environment
3.12 Car Rental Industry Revenue Future Outlook, 2019-2023E
3.13 By Purpose of Hire (Leisure, Business and Insurance Replacement) - Future Projection 2019-2023E
3.14 By Region (Luzon, Visayas and Mindanao) – Future Projection, 2019-2023E
3.15 By Car Type (Economy, SUV/AUV and Premium), Future Projection- 2019-2023E
3.16 By Type of Booking (Offline and Online) - Future Projection 2019-2023E
3.17 Analyst Recommendations
4. Car Leasing Market
4.1 Business Model (Operating Flow and Role of Entity)
4.2 Industry Revenue and Fleet Size, 2013-2018
4.3 Growth Drivers
4.4 By Lease Duration (One Year, Second Year, Third Year and Four Years above), 2018
4.5 By Region (Luzon, Visayas and Mindanao), 2018
4.6 By Car Type (Sedans, SUV/MUV and Premium), 2018
4.7 Competitive Scenario (Cross comparison of Services offered by Companies)
4.8 Issues and Challenges
4.9 Car Leasing Industry Revenue- Future Outlook and Projections, 2019 - 2023E
4.10 By Duration (One Year, Second Year, Third Year and Four Years above) - Future Projection, 2019- 2023E
4.11 By Region (Luzon, Visayas and Mindanao) – Future Projection, 2019-2023E
4.12 By Car Type (Sedans, SUV/MUV and Premium) – Future Projection, 2019-2023E
4.13 Analyst Recommendations
5. Cab Aggregator Market
5.1 Business Model (Operating Flow and Role of Entity)
5.2 Cab Aggregator Industry Revenue and Fleet Size, 2013-2018
5.3 Growth Drivers
5.4 By Region (Luzon, Visayas and Mindanao), 2018
5.5 Competitive Landscape
5.6 Company Profiles
5.7 Case Study: Grab and Uber
5.8 Issues and Challenges
5.9 Regulatory Environment
5.10 Cab Aggregator Industry Revenue- Future Projections 2019- 2023E
5.11 By Region (Luzon, Visayas and Mindanao) –Future Projection, 2019-2023E
5.12 Analyst Recommendations
6. Snapshot on Yellow Taxi (Key Parameters and Fleet Size)
Disclaimer
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