Future Growth of Indian car rental market is expected to be led by online and mobile bookings alongside the business and leisure segments which showcased tremendous performance in the year on year growth.
Market leaders are expected to maintain focus on Emerging Markets and expansion in tier 2 and tier 3 cities to expand their network and competitive standing
Ken Research announced its latest publication on “India Car Rental Market Outlook to 2019 – Rising Online Booking to Drive the Future Growth” which provides a comprehensive analysis of the rental cars and services in India. The report covers various aspects such as market size of Indian car rental market, segmentation on the basis of On and Off airport, by organizational structure and by type of trips such as Business and Leisure trips. This report will help industry consultants, car rental startup companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
The car rental market in India has witnessed a growth in recent years on account of rising demand for business trips fueled by expansion in online and mobile bookings. The surge in growth of the industry has majorly originated from growth in the organized sector and the scaling business trips. The growth in this segment has been largely led by the increase in foreign and domestic tourist visits and the desire to travel in a luxury car. The Indian car rental market is comprised of large companies such as Carzonrent, Ola cabs and Meru cabs which posses the maximum market share in the organized sector. The Indian car rental market revenues have grown at a CAGR of over 20% from 2009-2014.
According to the research report, the car rental market in India will grow at a considerable CAGR rate thus exceeding INR 800 billion by 2019 due to the increasing number of bookings done online and through mobile phone apps.
“While rising disposable incomes, increase in tourist arrivals and the growth of the BPO sector will result in tightening of emission standards, volatility in petroleum products and maintaining the loyalty of customers which are some of the major challenges, will affect the growth of this industry in the future”, according to the Research Associate, Ken Research.
Key Topics Covered in the Report:
Car Rental Industry
Market Size by Revenue and Fleet size
Market Segmentation by
On and Off airports
Organized and Unorganized Market
Business and Leisure Trips
Corporate and Retail Clients
Small, Medium and Luxury Cars
Chauffeur and Self Driven
Major Cities
Trends and Development
SWOT
Major Challenges
Competitive Landscape
Porter’s Five Forces
Competition and Market Share
Growth Drivers
Future Outlook
Macro Economic Parameters
Key Services Mentioned in the Report
Car Rental
Car Sharing
Car Leasing
Companies Covered in the Report
Carzonrent
Olacabs
Meru Cabs
Avis India
Savaari Car Rental
Taxi for sure
Taxiguide
Getmecab
Related Reports:
Europe Car Rental Industry Analysis to 2017 – Latvia, Belgium and Ukraine to Stimulate the Market Growth
North America Car Rental Industry Outlook to 2017 – Off-Airport Segment and Car Sharing Driving the Future Growth
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Query@kenresearch.com
+91-11-47017199
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Via:: PNW
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