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Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector

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The report titled "Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector" provides a comprehensive analysis on the car rental market of the Philippines. The report covers various aspects including Business Models, Company Profiles, Competition Scenario, Cross Comparisons, Segmentation, Regulatory Environment, Growth Drivers, Issues and Challenges of Car Rental, Car Leasing and Cab Aggregator along with a Snapshot on Yellow Taxi. The report concludes with market projections and analyst recommendations, highlighting the major opportunities and cautions.

Philippines Car Rental Market

Market Overview
Philippines Car Rental Market
Philippines Car Rental Industry Revenue has grown at a positive CAGR during the period 2013-2018. This growth was supported by the increase in the number of tourist arrivals in the country, government initiatives to promote tourism and rise in fleet size along with general economy and business trip growth. The market faces challenges such as the inconsistent local transportation, highly congested roads and unsafe driving practices. The car rental market is concentrated with a few players. Major global players such as Avis, Hertz, Nissan Rent-A-Car and Europcar are well established in the market. Economy cars dominated the market of car rentals in Philippines in the year 2018. The segment has grown due to its affordability, more compact cars on the roads due to increasing traffic problems and increasing business related trips to the country. Car rental for leisure purpose contributed a major share for the industry in 2018. Rented cars are majorly demanded by tourists who visit the country for holidays or recreational purposes. Luzon contributed the highest revenue share in the overall car rental market in Philippines in the year 2018. Luzon provides the maximum business to car rental industry owing to its high population, diverse tourist attractions and business establishments.
In the future, it is expected that the demand for rented cars will be augmented largely due to the growth in the tourism industry, supported by the government initiatives and improvement in infrastructure, construction and real estate sector in the country.

Philippines Cab Aggregator Market
Philippines Cab Aggregator market is at the growing stage supported by the factors such as, mobile phone and internet penetration, affordability offered by ride sharing service, consistent means of transportation, professional service offered by the cab drivers, convenience experienced by customers while booking cabs through internet based applications.
The market faces challenges such as slow speed of internet, less coverage in the non metropolitan regions and a monopolistic environment for the new companies to establish. Grab has a monopoly in the Cab Aggregator Market. The maximum number of cabs is mainly in the metro cities due to the better access to the internet facility and high demand from the daily commuters as the public transportation is weak in the region.

Philippines Car Leasing Market
Philippines Car Leasing market is at the growing stage supported by the rise in demand by legal entities, and influx of Chinese immigrants following the Pro China Policy of Philippines. The market faces challenges such as companies engaging in price wars, absence of a regulatory body and car leasing companies facing problems while reselling the used vehicles. The car rental market is concentrated with a few players such as Nissan Rent- A- Car, Europcar and Hertz. Sedans dominated the market of car leasing in Philippines in the year 2018. The segment is driven by the factors such as corporate leasing for employee commute and rise in business activities where Sedans are preferred due to affordability. Three year lease period contributed the most to the overall market of car leasing market in Philippines in the year 2018. The segment is majorly preferred as after the duration of three years, the additional cost (maintenance, insurance and repairs) rises, also, the client does not have to bear the cost of finding a new vendor each year and upgrade to newer models. In future, it is anticipated that Philippines car leasing industry revenue will increase at a positive CAGR during the period 2018–2023E. In Philippines, it is expected that the demand for leased cars will be further augmented largely due to the cultural habit of local people of the country to experience newer car models, higher expat ratio and introduction of electric vehicles in the country.

Key Segments Covered
Car Rental Market By
Purpose of Hire
Leisure
Business
Insurance Replacement
Region
Luzon
Visayas
Mindanao
Type of Car
Economy
SUV/AUV
Premium
Booking Type
Offline
Online and App Booking
Car Leasing Market
Duration of Lease
First Year
Second Year
Third Year
Four Year or More
By Region
Luzon
Visayas
Mindanao
Sedans
Type of Car
Sedans
SUV/AUV
Premium
Cab Aggregator Market
Region
Metropolitan
Non Metropolitan
Yellow Taxi (Key Parameters and Fleet Size)

Key Target Audience
Car Rental Companies
Cab Aggregator Companies
Car Leasing Companies
Automobile Companies
Tourism Companies
Corporate Sector
Hospitality Sector

Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2018-2023E

Companies Covered:
Avis
Budget
Nissan
Europcar
Hertz
Orix
Diamond Rental
Grab
Owto
Hirna
Go Lag
U Hope
Micab

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Table Of Content

Scope

1. Executive Summary

2. Research Methodology

2.1 Market Definitions
2.2 Abbreviations
2.3 Research Approach
2.4 Variables – Independent and Dependent
2.5 Correlation Matrix
2.6 Regression Matrix
2.7 Limitations and Conclusions

3. Car Rental Market

3.1 Business Model: Revenue Streams and Operating Model
3.2 Industry Revenue and Fleet Size, 2013-2018
3.3 Market Growth Drivers
3.4 By Purpose of Hire (Leisure, Business and Insurance Replacement), 2018
3.5 By Region (Luzon, Visayas and Mindanao), 2018
3.6 By Car Type (Economy, SUV/AUV and Premium), 2018
3.7 By Type of Booking (Offline and Online), 2018
3.8 Competitive Landscape (Overview, Cross Comparison by Rates and Type of Vehicles), 2018
3.9 Company Profiles (Company Overview, Business Strategy, USP, Revenue, Service Portfolio, Product Portfolio, Fleet Size, Employee Base, Rental Requirement), 2018
3.10 Issues and Challenges
3.11 Regulatory Environment
3.12 Car Rental Industry Revenue Future Outlook, 2019-2023E
3.13 By Purpose of Hire (Leisure, Business and Insurance Replacement) - Future Projection 2019-2023E
3.14 By Region (Luzon, Visayas and Mindanao) – Future Projection, 2019-2023E
3.15 By Car Type (Economy, SUV/AUV and Premium), Future Projection- 2019-2023E
3.16 By Type of Booking (Offline and Online) - Future Projection 2019-2023E
3.17 Analyst Recommendations

4. Car Leasing Market

4.1 Business Model (Operating Flow and Role of Entity)
4.2 Industry Revenue and Fleet Size, 2013-2018
4.3 Growth Drivers
4.4 By Lease Duration (One Year, Second Year, Third Year and Four Years above), 2018
4.5 By Region (Luzon, Visayas and Mindanao), 2018
4.6 By Car Type (Sedans, SUV/MUV and Premium), 2018
4.7 Competitive Scenario (Cross comparison of Services offered by Companies)
4.8 Issues and Challenges
4.9 Car Leasing Industry Revenue- Future Outlook and Projections, 2019 - 2023E
4.10 By Duration (One Year, Second Year, Third Year and Four Years above) - Future Projection, 2019- 2023E
4.11 By Region (Luzon, Visayas and Mindanao) – Future Projection, 2019-2023E
4.12 By Car Type (Sedans, SUV/MUV and Premium) – Future Projection, 2019-2023E
4.13 Analyst Recommendations

5. Cab Aggregator Market

5.1 Business Model (Operating Flow and Role of Entity)
5.2 Cab Aggregator Industry Revenue and Fleet Size, 2013-2018
5.3 Growth Drivers
5.4 By Region (Luzon, Visayas and Mindanao), 2018
5.5 Competitive Landscape
5.6 Company Profiles
5.7 Case Study: Grab and Uber
5.8 Issues and Challenges
5.9 Regulatory Environment
5.10 Cab Aggregator Industry Revenue- Future Projections 2019- 2023E
5.11 By Region (Luzon, Visayas and Mindanao) –Future Projection, 2019-2023E
5.12 Analyst Recommendations

6. Snapshot on Yellow Taxi (Key Parameters and Fleet Size)

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Products and Companies

Products

Car Rental Market By Purpose of Hire (Leisure , Business and Insurance Replacement), Region (Luzon, Visayas and Mindanao), Type of Car (Economy, SUV/AUV and Premium), Booking Type (Offline and Online and App Booking), Car Leasing Market: Duration of Lease (First Year , Second Year, Third Year and Four Year or More), By Region (Luzon, Visayas, Mindanao and Sedans), Type of Car (Sedans, SUV/AUV and Premium), Cab Aggregator Market: Region (Metropolitan and Non Metropolitan) and Yellow Taxi (Key Parameters and Fleet Size)


Companies

Avis, Budget, Nissan, Europcar, Hertz, Orix, Diamond Rental, Grab, Owto, Hirna, Go Lag, U Hope and Micab