India Self Drive Car Rental Market is Driven by high levels of fresh investments and increased participation of the Organized players in the Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Augmented penetration of the Organized Dealers coupled with huge investments coming from VC and PE firms have further led to the development of various competencies in India Self Drive Car Rental Space. 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 Fleet in India is expected to increase in the future, thus growing at a positive CAGR of approximately 14.6%, 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. Analysts at Ken Research in their latest publication “India Self Drive Car Rental Market Outlook to 2024 – Rising Prominence of Shared Mobility Space with Growing Competencies of Self Drive Companies due to Growing Investments” believed that the Self Drive Car Rental industry in India will augment owing to the rising Tourist population arriving in India year after year, coupled with increase in personal disposable income and a proper establishment of government regulations and amendments of law in the coming years. This rise is expected to result in the increased availability of various pickup points along with the entry of new players across the nation. The market is expected to register positive double digit CAGR of 13.6% in terms of Gross Transaction Value and similarly the market will grow in terms of Fleet size, showcasing a positive CAGR of 14.6% during the forecast period FY’2019-FY’2024. Growing Presence of Organized Players: The market for self drive in India has witnessed a drastic change from dominance of unorganized players towards an inclination towards organized players in the market. With rising awareness among people about self drive car rental and increasing preference of well equipped and better quality cars has led to rise in number of organized players in the market. Similarly in the future, Fresh investments and new opportunities in the market will also lead to entry of new players in the market, where they can explore the unexplored areas of the Indian Market. Growing Concern of the Government: The Government of India is keen on making India a Zero Emission zone by 20130 and for that, Self Drive Car Rental will play a major role as it will help in reducing the number of Private cars on the road, Hence there will be a push from the government in terms of rules, guidelines and regulatory framework. Less Financial Burden: A majority of population in India tends to buy a car by taking loans for various financial institutions. This adds up to their living costs as the burden of paying EMI and Premium for Insurance of cars, does not come in cheap and needs to be in line with what the person is earning. To tackle this problem, the self drive car rental market works on an asset light model where the person is not focused on tackling these problems, rather he or she can avail services of a car, as and when they may require it. The decline in financial burden and the pay per use model is supposed to provide momentum to the market and help it grow. Penetrating the unexplored market of India: The India self drive car rental market amounts to almost 1% of the total Population in India and the Marketing prospects in Tier 1 cities as of now also have reached a Stalemate where a stagnant growth has been noticed. Hence, low amount of penetration in Tier 2 and Tier 3 cities majorly acts as a hindering factor to the growth of this market. This problem of penetration still prevails in certain cities due to the dogmatic mindset of people regarding owning their own vehicle instead of sharing vehicles with their peers and colleagues. Hence the market would be focusing on expanding their services and products to the unexplored markets of India. Key Segments Covered:- GTV 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 Time Period Captured in the Report:- Historical Period – FY’2014-FY’2019 Forecast Period – FY’2019-FY’2024 Major Companies Covered:- Zoomcar Drivezy Revv Myles Avis India MyChoize (ORIX) Eco Rent a Car Zip Cars Jiffy Cars Voler Cars For information click on the below mentioned link:- India Self Drive Car Rental Market Related Reports:- UK Used Car Market Outlook To 2023 – Market Structure (Organized And Unorganized Market); Type Of Used Cars (MPVs / Sedan, Economy / Hatchbacks And SUVs); Kilometers Driven(Less Than 5,000 Km; 5,000-20,000 Km; 20,000-50,000 Km; 50,000-80,000 Km; 80,000-120,000 Km And Above 120,000 Km); By Year Of Manufacture (< 2000, 2000-2002, 2003-2005, 2006-2008, 2009-2012 And 2013-2018); And By Car Make (Toyota, Ford, Nissan, Volkswagen, Vauxhall, BMW, Honda, Kia, Lexus, Renault And Others). Malaysia Used Vehicle Market Outlook to 2025 – By Type of Distribution Channel (Organized and Unorganized Dealers), By Mode of Selling (Online and Dealership Walk-Ins), By Type of Vehicle (Sedans, Hatchback, SUVs, MPVs, LCV and others), By Vehicle Age(0-3 years, 3-5 Years, 5-8 Years and More than 8 years), By Brand (Perodua, Toyota, Honda, Proton, Nissan and Others) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Avis Self Drive Car Rental Market Size, Bangalore Self Drive Car Rental Market, Chandigarh Self Drive Car Rental Market, Daily Packages Car Rental Market India, Delhi Self Drive Car Rental Market, Drivezy Self Drive Car Rental Market Size, Eco Rent a Car Self Drive Car Rental Market Shares, Goa Self Drive Car Rental Market, GTV India Self Drive Car Rental Market, Hatchbacks India Self Drive Car Rental Market, Hyderabad Self Drive Car Rental Market, India Car Rental Industry, India Car Rental Market, India Leased Self Drive Car Rental Market, India Luxury Self Drive Car Rental Market, India Owned Self Drive Car Rental Market, India Self Drive Car Rental Fleet Size, India Self Drive Car Rental Industry, India Self Drive Car Rental Industry Research Report, India Self Drive Car Rental Market, India Self Drive Car Rental Market Analysis, India Self Drive Car Rental Market Competition, India Self Drive Car Rental Market Forecast, India Self Drive Car Rental Market Future Outlook, India Self Drive Car Rental Market Growth, India Self Drive Car Rental Market Major Players, India Self Drive Car Rental Market Research Report, India Self Drive Car Rental Market Revenue, India Self Drive Car Rental Market Shares, India Self Drive Car Rental Market Size, India Self Drive Car Rental Market Trends, India Self Driving Car Rental Industry, India Self Driving Car Rental Market, India Standard Self Drive Car Rental Market, Industry Research Report Of India Self Drive Car Rental, Intercity Travel Car Rental Market India, Intracity Travel Car Rental Market India, Jiffy Self Drive Car Rental Market Size, Kolkata Self Drive Car Rental Market, Leisure Travel Expenses Self Drive India, Major Cab Aggregators In India, Major Dealers India Self Drive Car Rental, Market Research Report Of India Self Drive Car Rental, Mobile Booking India Self Drive Car Rental Market, Monthly Package Car Rental Market India, Motor Vehicles Act India Self Drive Car Rental Market, Mumbai Self Drive Car Rental Market, MUV India Self Drive Car Rental Market, MyChoize (ORIX) Self Drive Car Rental Market Size, Myles Self Drive Car Rental Market Revenue, OEM Certified Dealerships In India, Offline Dealers Self Drive Car Rental Market India, Online Booking India Self Drive Car Rental Market, Online Self Driving Car Rental Portals India, Organized India Self Drive Car Rental Market, Physical Stores India Self Drive Car Rental Market, Pricing Mechanism Indian Self Drive Companies, Pune Self Drive Car Rental Market, Rent A Cab Scheme India, Revv Self Drive Car Rental Market Shares, Sedans India Self Drive Car Rental Market, Self Drive Car Rental Industry In India, Self Drive Car Rental Market In India, SUV India Self Drive Car Rental Market, Types Of Cars In India Self Drive Car Rental Market, Unorganized Players India Self Drive Car Rental Market, Voler Self Drive Car Rental Market Revenue, Working Model India Self Drive Car Rental, Zip Self Drive Car Rental Market Revenue, Zoomcar Self Drive Car Rental Market Revenue