Northern South Africa Taxi Market - Ken Research

South Africa Car Rental and Leasing Market Research Report & Forecast: Ken Research

How South Africa Car Rental, Leasing and Aggregator Market is Positioned?

South Africa Car Rental and Leasing Market

South Africa Car Rental And Leasing Market augmented positively from 2013 to 2018 at a positive CAGR during the review period 2013-2018. The car rental and leasing market was largely dominated by foreign companies operating in the country including Avis, Hertz, Budget and Europcar. Car rental and leasing market in South Africa was driven by business car rental due to consistent bookings from corporate customers to attend events such as exhibitions, conferences, workshops and meetings. Industry players also formed strategic partnerships with each other to boost sales.

South Africa Cab Aggregator Market

In 2013, online cab aggregators entered the South African transportation industry with the launch of Uber in Johannesburg. Uber and Taxify are the major players in the market. Online cab aggregators have expanded the market beyond the existing market of traditional metered taxis. At numerous occasions violence has erupted between metered taxi operators and online cab aggregator drivers in the country as the metered taxi operators accused the online cab aggregators of stealing business and competing unfairly due to low fares which could not be matched.

South Africa Car Rental and Leasing Market Segmentation

By Region

In 2018, Southern South Africa had the largest share of the car rental and leasing market in terms of revenue followed by Northern South Africa, Eastern South Africa and Western South Africa. Cape Town and Port Elizabeth are the major markets for car rental and leasing in the southern part of the country. This is because not only is Cape Town a major destination for business tourism in Africa, it is also an employment hub in the country and thus attract many migrants.

By Type of Booking

Offline booking was the major source of bookings as compared to online bookings in South Africa car rental and leasing market. Direct booking through company website had the major market share within the online booking market for car rental and leasing while booking through intermediaries mainly including booking through third party websites such as CarFlexi, Economy Car Rentals, and Kayak or by other travel agencies had a smaller share in the online booking market.

By Type of End Users

In 2018, Logistics and Courier companies continued to be the largest end user for car rental and leasing market followed by Mining Company Executives. Other end users included Financial Institutions, Consultancy, Hospitality Industry and other industries. This is because a large number of businesses rely on logistics and courier companies for urgent, secure and efficient procurement and distribution solutions in South Africa thus fuelling growth in the country’s car rental and leasing market too.

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Key Segments Covered:-

South Africa Car Rental and Leasing Market:

By Region:

Northern South Africa

Southern South Africa

Eastern South Africa

Western South Africa

By Type of Booking:

Online Booking

Offline Booking

By Type of End Users:

Mining Company Executives

Logistic and Courier Companies

Financial Institutions, Consultancy, Hospitality Industry and Others

South Africa Cab Aggregator Market:-

By Region:

Northern South Africa

Southern South Africa

Eastern South Africa

Western South Africa

Key Target Audience:-

Car Rental Companies

Car Leasing Companies

Online Cab Aggregators

Taxi Companies

Private Equity Ventures

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Time Period Captured in the Report:-

2013-2018 – Historical Period

2019-2023 – Future Forecast

Companies Covered:-

Car Rental and Leasing Companies:-

Avis Budget Group Inc, Europcar Groupe SA, Hertz Corp, First Car Rental SA and Imperial Holdings Ltd, Uber and Taxify

To know more, click on the link below:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/south-africa-car-rental-leasing-market/181686-100.html

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