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Market Research Report

India Self-Drive Car Rental & Leasing Industry Outlook 2019-2035: Growth Opportunities | Trends | Size-Share | COVID-19 Impact Analysis

Published Date :

2021-02-15

Report Pages :

329

Format :

PDF

Region Covered :

India

India Self-Drive Car Rental & Leasing Industry Overview

The India Self Drive Car Rental Market is heavily concentrated in Tier 1 and the entire major cities in India; however, the market has not reached stagnancy in these areas as there is a huge gap in demand and supply.Self-drive car rental was unheard of In India until 2001 when Hertz launched its licensed operations called Carzonrent, creating a niche. The segment remained a niche until 2013 when Zoomcar launched its operations in Bangalore with a fleet of more than 10 vehicles, which has now gone past 4,000 as of May 2019. Self Drive car Fleet in India is expected to increase in the future, thus growing at a positive CAGR of approximately 12.6%, due to increased level of Investments and Strategic Partnerships of the players with other Service Providers.Last couple of years saw the establishment of various start-ups and small private companies due to heavy investments by Private equity and VC firms.India is expected to emerge as the world’s third-largest passenger-vehicle market by 2021 in terms of sales.Entry of new start ups such as OLA and others who already are functioning in the rental industry pose big threat as their competencies would be a major differentiator for the market.It is expected that more people will join the workforce of India. Participation level could reach 67% in 2020, as more women and youth enter the job market, raising the demand for mobility.

India Self-Drive Car Rental & Leasing Industry Segmentation

Organized Sector

  • By Cities of India (Bangalore, Delhi Mumbai and Others)

Unorganized Sector

Number of Bookings

  • By Booking Channel (Mobile, Online and Physical)
  • By Booking Package (Hourly, Daily, Weekly and Monthly)
  • By Usage (Intercity and Intracity)
  • By Booking Period (Weekends and Weekdays)

Fleet Size

Organized Sector

  • By Types of Cars (Hatchback, Sedan, SUV+MUV)
  • By Segment of Cars (Standard and Luxury)
  • By Status of Ownership (Owned and Leased)

Unorganized Sector

Key Target Audience:-

  • Startups and Private car Owners
  • Offline Dealers
  • Online Self Driving Car Rental Portals
  • Organized Multi Brands Dealers
  • OEM Certified Dealerships
  • Corporate Clients
  • Private Equity and Venture Capitalist Firms
  • Industry Associations
  • OEM Manufacturers
  • Automotive Manufacturers
  • EV Service Provides
  • Hotel Chains
  • Airport Authorities
  • Car Auction Companies

Market Dynamics (Market Drivers and Restraints, Consumer Trends)

Selfdrive vehicle rental market in India is significantly determined by the hole in driving permit holders(127 Million) and vehicle proprietors( 22 vehicles/1000 individuals in 2019).There is additionally the situation of conservative car(more than 3.6m long and fueled by greater than 1L gas motor) proprietors who like to lease a greater, more secure and amazing vehicle for intercity trips. About 28% of new vehicles sold in India have a place with this portion. 

Over recent months there has been a developing pattern of interest in self-drive vehicle rental administrators via vehicle makers. Portage began it in Zoom vehicles back in 2016, trailed by Mahindra in Zoom vehicles in 2018, Hyundai in Revv in 2018 and now Mahindra again in Zoom vehicles in 2019.

Key Market Players

  • Zoomcar India Private Ltd.
  • Revv(M/s PrimeMover Mobility Technologies Private Limited)
  • Mychoize(ORIX Auto Infrastructure Services Limited.)
  • Drivezy India Travels Private Limited
  • Vroom Drive India Private Limited
  • Myles Automotive Technologies Private Limited
  • ZipCaars
  • Avis India
  • Jiffy Cars
  • Eco Rent a Car

COVID-19 impact on "India Self-Drive Car Rental & Leasing Industry"

The report analyses 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 Self-Drive Car Rental & Leasing Industry" 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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Key questions answered in this India Self-Drive Car Rental & Leasing Industry Report

  • What is the total market size by 2035 and what would be the expected growth rate of the market?
  • What is the total revenue per segment and region in 2018-19 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 strategy of the key players?

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for India Self-Drive Car Rental & Leasing Industry
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the India Self-Drive Car Rental & Leasing Industry’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects



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India Self-Drive Car Rental & Leasing Industry Outlook 2019-2035: Growth Opportunities | Trends | Size-Share | COVID-19 Impact Analysis

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