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2020-09-01
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India
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
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
By Vehicles Type
By Mode of Booking
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,
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.
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "India Car Rental & Leasing Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
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