India Car Rental & Leasing Market Analysis 2017-2025: Industry Trends, Overview, Research Report, Market Size, Share, Opportunities & Forecast

Market Overview

The car rental and leasing industry is one of the fastest-growing segments in the transportation industry of India. More importantly, the organized car rental and leasing market are still miniature as compared to the rest of the car rental market in India, which constitutes only 4-5% of the market in terms of an absolute number of vehicles. The rest of the market is acquired by independent market players who own fleets of 2-50 cars and typically have a presence in 1 or 2 cities. Further, growth in the number of foreign and domestic travelers in the country and rising consumer base for the car rental industry owing to rapid urbanization has significantly strengthened the growth of the car rental industry. Moreover, the poor public transport system in the country with widespread smartphone usage offers great potential for the development of car rental services in India. However, the lower cost of public transport as compared to taxi rental is one of the major factors restraining market growth.

India Car Rental & Leasing Market Segmentation

By Rental Type

• Chauffeur Drive

• Special Events
• Self-Driving
• Business Rental

Based on the rental type chauffeur drive or taxi services acquired the largest share of more than 70% share in India car rental and leasing market. On the other hand, a self-driving segment is likely to be the fastest-growing segment, which is expected to grow at a CAGR of +19% over the forecast period. Business car rental and leisure car rental are predicted to record a similar CAGR.

By Services Type

• Interstate Services
• Intrastate Services
• Airport Transfers

By Vehicles Type

• Luxury Cars
• Executive Cars
• Economy Cars
• Sports Utility Vehicles
• Multi Utility Vehicles

By Mode of Booking

• Online Bookings
  • App-based car rental services
  • Telephonic car rental services
  • Web-Based Car Rental Services
• Offline Bookings

Key Players

Our India Car Rental & Leasing Market Report comprises of the following companies as the key players:

Uber Ola,

Avis Budget Group,

Zoom Car 

Meru Cabs,

Savaari,

and Easy Cabs.

Hertz Global Holdings,

Covered In This India Car Rental & Leasing Market Report        

The report covers the present ground scenario and the future growth prospects of the car rental & leasing for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. India car rental & leasing market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

India Car Rental & Leasing Market Outlook 2017-2025, has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the India car rental & leasing market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “India Car Rental & Leasing Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players. 

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this India car rental & leasing market report

• What is the total market size by 2025 and what would be the expected growth rate of the market?

• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?

• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategies of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for car rental & leasing market
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• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy, and prospects