South Africa Car Rental and Leasing Market Projections to 2023
By Business Model (Self Drive, Cab Aggregator, Car Leasing, Minibus Taxi, Metered Taxi and Airport Transfers) and By End User (Mining, Logistic & Courier and Others)
Region:Africa
Product Code:KR752
January 2019
107
About the Report
The report is useful for car rental and leasing companies and cab aggregator companies along with venture capital funds and investors in automobile and transportation sector to align their market centric strategies according to ongoing and expected trends in the future.
In 2018, Cape Town and Port Elizabeth are the major markets for car rental and leasing in the southern part of the country, being a major destination for business tourism and an employment hub in the country. Offline booking was the major source of bookings as compared to online bookings in South Africa car rental and leasing market. Direct booking through company website had the major market share within the online booking market for car rental and leasing while booking through intermediaries mainly including booking through third party websites such as CarFlexi, Economy Car Rentals, Kayak or by other travel agencies had a smaller share in the online booking market. In 2018, Logistics and Courier companies continued to be the largest end user for car rental and leasing market followed by Mining Company Executives. Other end users included Financial Institutions, Consultancy, Hospitality Industry and other industries.
South Africa Car Rental and Leasing market is highly concentrated with the presence of 5 big players constituting majority of the market. Avis Budget Group Inc, Europcar Groupe SA, Hertz Corp, First Car Rental SA and Imperial Holdings Ltd are the major players in the market. Utilization of rental and leased vehicles for executing jobs in app based taxi market, increase in tourism in the country due to the roll-out programme for eVisas in South Africa and the low valuation of Rand, rising number of middle income families and the improving economic scenario are some key factors that are expected to drive the market.
In 2018, the major markets in Northern region in South Africa for online cab aggregators are Johannesburg and Pretoria. This is majorly due to the large populations in these cities.
South Africa Cab Aggregator market is highly concentrated with the presence of two big players constituting majority of the market. Uber was the market leader followed by Taxify. The major players are competing in the market on the basis of price, commission charged, ease of availability, waiting time for customers, training of drivers, value added services offered, app design and user interface and promotional activities and offers.
The market size of the online cab aggregator market is expected to augment at a positive CAGR for the period 2018- 2023. The huge drop in the growth rate is expected as even though the online cabs have been expanding at a tremendous rate till now, they are expected to reach a saturation point in the near future. Their growth will also be restricted by the low paying capacity of most of the people in the country. In the long run, it is expected that market will be largely dominated by two or three players only. The number of rides is expected to register constant growth as companies expand their presence to more cities. The online cab aggregator companies may also introduce the concept of share rides in the country, which is already functional in more developed markets around the globe.
Key Topics Covered in the Report
- Introduction on South Africa Car Rental and Leasing Market
- Business Model of Car Rental and Leasing Companies
- South Africa Car Rental and Leasing Market Size by Revenue (2013-2018)
- South Africa Car Rental and Leasing Market Segmentation on the Basis of Region, Type of
Booking, Type of End User - Competitive Landscape in the South Africa Car Rental and Leasing Industry
- Shares and Company Profiles of Major Players in the South Africa Car Rental and Leasing Market
- South Africa Car Rental and Leasing Market Future Outlook (2018-2023) Including Estimated
Market Size in Terms of Revenue, Market Segmentation on the Basis of Region and Type of Booking - Introduction on South Africa Cab Aggregator Market
- Business Model of Cab Aggregator Companies
- South Africa Cab Aggregator Market Size by Revenue (2014-2018)
- South Africa Cab Aggregator Market Segmentation on the Basis of Region
- Competitive Landscape in the South Africa Cab Aggregator Industry
- Shares and Company Profiles of Major Players in the South Africa Cab Aggregator Market
- Future Outlook for the South Africa Cab Aggregator Market (2018-2023) Including Estimated
- Market Size in Terms of Revenue
- Regulatory Norms in South Africa Taxi Market
- Issues and Challenges
- Growth Drivers
- Snapshot on the Minibus Taxi Market in South Africa
- Snapshot on the Metered Taxi Market in South Africa
- Snapshot on the Airport Transfers in South Africa.
Products
Key Target Audience
- Car Rental Companies
- Car Leasing Companies
- Online Cab Aggregators
- Taxi Companies
- Private Equity Ventures
Time Period Captured in the Report:
- Historical Period - 2013-2018
- Future Forecast - 2019-2023
Companies
Avis Budget Group Inc, Europcar Groupe SA, Hertz Corp, First Car Rental SA and Imperial Holdings Ltd, Uber and Taxify
Table of Contents
1. Executive Summary
1.1. Market Size and Overview
1.2. Market Segmentation
1.3. Competition Analysis
1.4. Future Outlook
2. Appendix
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size And Modeling
Consolidated Approach
Market Sizing – South Africa Car Rental Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model – Car Rental Market
Limitations
Final Conclusion
3. Introduction to South Africa Car Rental and Taxi Market
4. South Africa Car Rental and Leasing Market
4.1. Business Model
Tour Operators
Long Term Rental
4.2. Market Size, 2013-2018
4.3. South Africa Car Rental and Leasing Market Segmentation, 2018
4.3.1. By Region, 2018
4.3.2. By Type of Booking (Online and Offline), 2018
4.3.3. By End Users, 2018
4.4. Competition Scenario in South Africa Car Rental and Leasing Market, 2018
4.4.1. Company Profiles of Major Players
Avis Rent a Car
First car rental
Europcar
Hertz Rent A Car
4.5. South Africa Car Rental and Leasing Market Future Outlook and Projections, 2018-2023
4.5.1. South Africa Car Rental and Leasing Market Future Segmentation, 2018-2023
By Region, 2018- 2023
By Type of Booking, 2018- 2023
5. South Africa Cab Aggregator Market (Online Taxi Apps)
5.1. Market Overview and Genesis
5.2. Business Model
5.3. South Africa Cab Aggregator Market Size by Revenue, 2014-2018
5.4. South Africa Cab Aggregator Market Segmentation, 2018
5.4.1. By Region, 2018
5.5. Competition Scenario in South Africa Cab Aggregator Market, 2018
5.5.1. Company Profiles of Major Players
Uber South Africa
Taxify
5.6. South Africa Cab Aggregator Market Future Projections, 2018-2023
6. Regulatory Norms in South Africa Taxi Market
6.1. How to Enter the Taxi Market
6.1.1. Legal Documents Required
6.1.2. Route License
6.1.3. Grading of Metered Taxis
6.2. E-Hailing Taxi Regulations
7. Issues and Challenges in South Africa Car Rental Market
7.1. Cost and Affordability of New Taxi Vehicles
7.2. High Fuel Prices
7.3. Turbulent Political Environment and Lack of Government Regulations
7.4. Safety Issues
7.5. Rising Competition
8. Growth Drivers for South Africa Car Rental Market
8.1. Increasing Tourism
8.2. Improved Internet and Smart Phone Penetration
8.3. Complementary to Transport Structure
9. Snapshot on Minibus Taxi Market in South Africa
10. Snapshot on Metered Taxis Market in South Africa
11. Snapshot on Airport Transfers in South Africa
12. Snapshot on Car and Ride Sharing
13. Analyst Recommendations
Disclaimer
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