Summary
Car Rental in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is made up of car rentals for business, leisure purposes and Insurance replacement. Market volumes represent the size of the rental car fleet within the respective countries. The calculation excludes leasing and long term rentals. Taxis/cabs or any other passenger vehicles driven by drivers are excluded from the calculation. The distribution channels are represented by airport and non airport locations calculated for leisure and business segments only. Other distribution channel represents the value of the fleet rented for insurance purpose. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Indian car rental market had total revenues of $100.6 million in 2021, representing a compound annual growth rate (CAGR) of -2.7% between 2016 and 2021.
- The size of the rental fleet increased with a CAGR of 0.6% between 2016 and 2021, to reach a total of 13.4 thousand vehicles in 2021.
- In 2021, the total tourism contribution increased by 6.1% owing to ease in restriction and rollout of vaccines. However, it could not reach to pre-pandemic level of 2019.The major sector affected was travel and tourism which accounted to 10.3% of total GDP contribution in 2019 and it fell to 5.3% in the year 2020.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in India
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India car rental market with five year forecasts
Reasons to Buy
- What was the size of the India car rental market by value in 2021?
- What will be the size of the India car rental market in 2026?
- What factors are affecting the strength of competition in the India car rental market?
- How has the market performed over the last five years?
- What are the main segments that make up India's car rental market?
'
Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. Which players have been most successful in the past few years?
7.3. How are companies using technology to gain market share?
7.4. How have leading players been impacted by the COVID-19 pandemic?
8 Company Profiles
8.1. Carzonrent (India) Pvt Ltd
8.2. Zoomcar India Pvt Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: India car rental market value: $ million, 2016–21
Table 2: India car rental market volume: thousand vehicles, 2016–21
Table 3: India car rental market category segmentation: % share, by value, 2016–2021
Table 4: India car rental market category segmentation: $ million, 2016-2021
Table 5: India car rental market geography segmentation: $ million, 2021
Table 6: India car rental market distribution: % share, by value, 2021
Table 7: India car rental market value forecast: $ million, 2021–26
Table 8: India car rental market volume forecast: thousand vehicles, 2021–26
Table 9: Carzonrent (India) Pvt Ltd: key facts
Table 10: Carzonrent (India) Pvt Ltd: Key Employees
Table 11: Zoomcar India Pvt Ltd: key facts
Table 12: Zoomcar India Pvt Ltd: Key Employees
Table 13: India size of population (million), 2017–21
Table 14: India gdp (constant 2005 prices, $ billion), 2017–21
Table 15: India gdp (current prices, $ billion), 2017–21
Table 16: India inflation, 2017–21
Table 17: India consumer price index (absolute), 2017–21
Table 18: India exchange rate, 2017–21
List of Figures
Figure 1: India car rental market value: $ million, 2016–21
Figure 2: India car rental market volume: thousand vehicles, 2016–21
Figure 3: India car rental market category segmentation: $ million, 2016-2021
Figure 4: India car rental market geography segmentation: % share, by value, 2021
Figure 5: India car rental market distribution: % share, by value, 2021
Figure 6: India car rental market value forecast: $ million, 2021–26
Figure 7: India car rental market volume forecast: thousand vehicles, 2021–26
Figure 8: Forces driving competition in the car rental market in India, 2021
Figure 9: Drivers of buyer power in the car rental market in India, 2021
Figure 10: Drivers of supplier power in the car rental market in India, 2021
Figure 11: Factors influencing the likelihood of new entrants in the car rental market in India, 2021
Figure 12: Factors influencing the threat of substitutes in the car rental market in India, 2021
Figure 13: Drivers of degree of rivalry in the car rental market in India, 2021
