Vietnam Car Rental Market Outlook to 2021
Rising Tourism and Trend of Mobile Booking for Rental Cars to Drive Market
Region:Asia
Product Code:KR532
September 2017
130
About the Report
The report titled "Vietnam Car Rental Market Outlook to 2021 - Rising Tourism and Trend of Mobile Booking for Rental Cars to Drive Market" focuses on the organized and unorganized, chauffer driven and non-chauffer driven car rental segments. The report covers aspects such as car rental market by its key segments including off-airport and on-airport demand, corporate and retail clients, and demand by major regions. The publication also includes competitive landscape, which discusses the major market players along with the detailed discussion about the organizations and their respective market share. The reports also provides in depth analysis of the cab aggregator market including detailed company profiles of the stakeholders. Furthermore, the report includes snapshots on carpooling market, bike, bus, van and coach rental market in Vietnam. The future analysis of overall Vietnam Car Rental Market has also been discussed along with recommendations from analyst view.
The report is useful for car rental and cab aggregator companies, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Vietnam Car Rental market has increased from USD ~ million in 2011 to USD ~ million in 2016 growing at a CAGR of ~% owing to the rising tourism industry, surge in public awareness about car rental services and increasing number of internet users. The inbound tourists have been preferring car rental instead of public transport which has had a positive impact on the car rental market revenues in the country. Additionally, players such as Hertz entered the market making a positive impact by creating a competitive environment while simultaneously providing more choices to customers.
Vietnam Cab Aggregator market has witnessed a robust growth in past few years. The market has grown at a five year CAGR of ~% during the period 2011-2016 owing to the cab aggregator players entering the market. Cab aggregator market increased during the period 2013-2016 owing to the cab aggregators entering the market. In 2013, EasyTaxi entered into the country followed by GrabTaxi and Uber in 2014, creating a positive impact on the cab aggregator market in the Vietnam.
The cab aggregator segment was dominated by the on airport location pickups and drop offs with ~% revenue share. This segment is driven by tourists and people travelling for professional purposes to and from airport.
Vietnam cab aggregator market currently has three major players including Grab Taxi, Uber and Easy Taxi operating in two cities namely Ho Chi Minh and Hanoi. Positioning of Major Players in Vietnam Car Rental Industry
Vietnam car rental market is fragmented market with various organized and unorganized players operating in the space including Vina rent a Car, Budget, Avis, Vinasun, Mai Linh and VN Rent a Car. The car rental market was dominated by domestic players until the entry of international players started with Budget entering the Vietnam car rental industry in 2008. From then international car rental giants including Hertz and Avis have also entered the Vietnam car rental market and are competing with the domestic giants including Vinasun and Mai Linh. The car rental companies compete on the parameters such as price, promotions and discounts.
Car rental market is projected to grow at a tremendous rate from USD ~ million in 2016 to USD ~ million in 2021. The revenues generated from car rental services is estimated to increase at a CAGR of ~% during 2016-2021 owing to the increase in use of car rental services by people due to increasing traffic, lack of parking place, convenience, increase in tourism, entry of players in the market and promotions and discounts offered to attract the customers. The car rental companies are predicted to utilize eco-friendly technology by introducing electric cars in its fleet. Cab aggregator market is projected to grow at a tremendous rate from USD ~ million in 2016 to USD ~ million in 2021.
- Vietnam Car Rental Market and Vietnam Cab Aggregator Introduction
- Vietnam Car Rental Market Value Chain
- Vietnam Car Rental Market and Vietnam Cab Aggregator Market Size
- Vietnam Car Rental Market Segmentation – By Market Structure (Organized and Unorganized Players), By Non- Chauffeur and Chauffeur driven Cars, Chauffeur Driven Car Segmentation by on Airport and off airport, Chauffeur Driven Car Market Segmentation by Corporate and Retail Clients, Non-Chauffeur Car Market Segmentation by Retail & Corporate Clients, By Type of Trips (Leisure and Business), By Car Type (Luxury, Medium and Small), By Region (Ho Chi Minh, Hanoi, Da Nang, Hue and Others) and By Online and Offline Booking
- Vietnam Cab Aggregator Market Segmentation – By Online and Offline Clients, By on Airport and off airport, By Leisure and Business Trips and By Car Type (Small, Medium and Luxury)
- Regulatory Landscape for Car Rental Market in Vietnam
- Trends and Developments in Vietnam Car Rental Market
- SWOT Analysis for Vietnam Car Rental Market
- Decision Making Process Before Choosing a Rental Car Company in Vietnam
- How the Contract Works in Vietnam Car Rental Company
- Competitive Landscape of Vietnam Car Rental and Cab Aggregator Market
- Company Profiles of Major Players of Vietnam Car Rental and Cab Aggregator Market
- Future Analysis of the Vietnam Car Rental and Cab Aggregator Market by Segments
- Snapshot on Vietnam Carpooling and Other Vehicle Rental Market in Vietnam
- Analyst Recommendations for Vietnam Car Rental Market
- Macroeconomic Indicators Impacting Vietnam Car Rental Market
Products
On-Airport, Off-Airport, Self Drive, Chauffer Driven Car Rental, Cab Aggregator, Long Distance Car Rental, Car Leasing, Car Pooling, Ride Sharing Apps, Bike Rental, Short Term Car Rental, Organized Car Rental Market, Online and Physical Car Rental
Companies
Vinasun, Mai Linh, Avis, Vina Rent A Car, VN Rent A Car Co. Ltd, Budget, Uber, Grab
Table of Contents
1. Executive Summary
Present Market Dynamics
Market Segmentation of Vietnam Car Rental Industry
Market Segmentation of Vietnam Cab Aggregator Industry
Trends and Developments
Positioning of Major Players in Vietnam Car Rental Industry
Future Potential of Vietnam Car Rental Industry
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach – Market Sizing
Market Sizing – Vietnam Car Rental Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
Limitations
3. Value Chain Analysis of Vietnam Car Rental Market
3.1. Car Rental Market
Entities involved
Rent and Rates Involved
Challenges Involved
3.2. Cab Aggregators
Entities and Rates Involved
Challenges Involved
4. Vietnam Car Rental Market
4.1. Introduction
4.1.1. Genesis and Overview of Car Rental Market
4.1.2. Evolution of Vietnam Car Rental Market
4.1.3. Present Scenario of Car Rental Market in Vietnam
4.2. Vietnam Car Rental Market Size (By Revenue/Fleet Size)
4.3. Vietnam Car Rental Market Segmentation, 2016
4.3.1. By Market Structure (Organized and Unorganized)
4.3.2. By Non- Chauffeurs and Chauffeur Driven Cars
Chauffeur Driven Car Segmentation by on Airport and off airport
Chauffeur Driven Car Market Segmentation by Corporate and Retail Clients
Non-Chauffeur Car Market Segmentation by Retail & Corporate Clients
4.3.3. By Type of Trips (Leisure and Business)
4.3.4. By Car Type (Luxury, Medium and Small)
4.3.5. By Region (Ho Chi Minh, Hanoi, Da Nang, Hue and Others)
4.3.6. By Online and Offline Booking
4.4. Regulatory Landscape for Car Rental Market in Vietnam
4.5. Trends and Developments in Vietnam Car Rental Market
4.5.1. Promotions and Discounts to Attract Customers
4.5.2. Car Rental Companies Shifting to Mobile Apps
4.5.3. Consolidation of Vietnam Car Rental Market
4.5.4. Rising Demand of Car Rental Services by Increase in Number of Tourists
4.6. SWOT Analysis for Vietnam Car Rental Market
4.7. Decision Making Process Before Choosing A Rental Car Company in Vietnam
4.8. How the Contract Works in Vietnam Car Rental Market
4.9. Competitive Landscape of Vietnam Car Rental Market
4.9.1. Company Profiles
Vinasun
Mai Linh
Avis
Vina Rent a Car
VN Rent a Car Co. Ltd.
Budget
4.10. Future Analysis of Vietnam Car Rental Market
5. Vietnam Cab Aggregator Market
5.1. Introduction
5.2. Cab Aggregator Market Size By Revenue
5.3. Vietnam Cab Aggregator Segmentation, 2016
5.3.1. By Online and Offline Clients
5.3.2. By on Airport and off Airport
5.3.3. By Leisure and Business Trips
5.3.4. By Car Type (Small, Medium and Luxury)
5.4. Competitive Landscape
5.4.1. Company Profiles
GrabTaxi
Uber
5.5. Future Analysis of Vietnam Cab Aggregator Market
6. Snapshot on Vietnam Carpooling Market
Competition
7. Snapshot on Vietnam Other Vehicle Rental Market
7.1. Bike Rental in Vietnam
7.2. Bus, Van and Coach Rentals
8. Analyst Recommendations
9. Macroeconomic Factors Impacting Vietnam Car Rental Market
9.1. Vietnam Internet Population, 2011-2021
9.2. Number of International Tourists Arriving Vietnam, 2011-2021
9.3. Urban Population in Vietnam, 2011-2021
9.4. Employed Population in Vietnam, 2011-2021
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