The Rising Number of Foreign Tourists in the country and various Government Initiatives are the major driver of the Indonesian car rental 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 Driven by the various initiatives by the government for increasing the travel and tourism industry and increasing internet penetration, the car rental market in Indonesia has ample growth potential in the coming years. Significant growth in travel and tourism: The Indonesian car rental market is currently expanding. The pandemic has caused a precipitous drop, which has had a negative impact, particularly on fleet size, as most players’ fleets have shrunk many folds from their previous size. Significant growth in the country’s travel and tourism industry is one of the key factors driving the market growth. Furthermore, the growing number of foreign tourists in the country drives the Indonesian car rental market. Furthermore, the rise in consumer disposable income, combined with the influence of a high standard of living and increased spending on luxury travel, is propelling the Indonesian car rental industry. The growing trend of on-demand transportation services: In recent years, the impact of technological advancements have revolutionized the industry. The increasing use of smartphone-based online rental car booking apps is significantly contributing to market growth. With the help of online booking mobile applications for the convenience of customers, companies in the market have been able to capture a large customer base. Improved customer and corporate information management, as well as simple internet booking applications, are two prominent ways to help car rental service operators provide better services. Furthermore, factors such as the growing trend of on-demand transportation services and the low rate of car ownership among millennials have fueled the growth of the Indonesian car rental market. To Know More about this report, download a Free Sample Report Shift to Experience Economy: There has been a paradigm shift away from products and toward experiences in recent years. Consumer durables and clothing spending have slowed, while experiential spending on recreation, travel and eating has skyrocketed. As a result, the demand for commodities outnumbers the demand for travel. Now, the growth has coincided with an increase in both domestic and international outbound tourists. The aforementioned factors are key drivers for the Indonesian leisure activity market, which will further boost the growth of the Indonesian car rental service market. Furthermore, because Jakarta is a popular convention destination, the leisure activity segment has significant market potential throughout the forecast period. Covid-19 Impact on Car Rentals: The pandemic had a negative impact on market growth due to a halt in activities as a result of the lockdowns and travel and transportation restrictions imposed by the Indonesian government to combat the spread of the coronavirus. Furthermore, as the tourism industry, both international and domestic, suffered a significant blow as a result of the pandemic, demand for car rentals decreased, as car rental services are widely used by tourists. Furthermore, WFH policies implemented by companies throughout Indonesia further reduced corporate demand for car rental services. Analysts at Ken Research in their latest publication “Indonesia Car Rental Market Outlook to 2027F – Segmented by Market Structure (Organized Market and Unorganized Market), By Type of Vehicles (Small Cars/Hatchbacks, Sedans, SUV and Others, By Ice/EV (Ice (Internal Combustion Engine) And Electric Vehicles, By Cities (Jakarta, Surabaya, Bali, Yogyakarta), By Mode of Booking (Online and Offline), By Client (Business and Leisure and By Pick-Up (On-Airport and Off-Airport)” observed the potential of the Car Rental Market in Indonesia. The expansion of the tourism industry with rising foreign tourists in Indonesia and On- Demand for transportation, the rising internet population in the country, and increasing demand from customers along with government incentives on electric vehicles are expected to contribute to the market growth over the forecast period. The Indonesian Car Rental Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F. Key Segments Covered: – Indonesia Car Rental Market: By Market Structure: Organized market Unorganized market By Type of Vehicles: Small Cars/ Hatchbacks Sedans SUVs Others To more about industry trends, Request a free Expert call By ICE/EV: ICE (Internal Combustion Engine Electric Vehicles By Cities: Jakarta Surabaya Bali Yogyakarta Others By Mode of Booking: Online Offline By Client: Business Leisure By Pick-up: Off-Airport On-Airport Key Target Audience Car Rental Service Providers Car Rental Companies aiming to establish in Indonesia Indonesia’s automotive industries Government Bodies & Regulating Authorities Venture Capitalist targeting the car rental market Automotive industry association Car Manufacturers Existing Car Rental Companies OEM Dealerships New Market Entrants Investors Car Rental Associations Time Period Captured in the Report: Historical Year: 2017-2022 Base Year: 2022 Forecast Period: 2022– 2027F Companies Covered: Car Rental Company The Hertz Corporation Blue Bird Group TRAC Mitra Pinasthika Mustika Rent Adi Sarana Armada Tbk Avis Europcar Indonesia Globe Rent a Car Visit this Link Request for a custom report Key Topics Covered in the Report Overview, Operating Models and Company Profile of the Automotive Industry in the Indonesia, 2022 Overview and Genesis of Car Rental Market in Indonesia, 2022 Ecosystem of Indonesia Car Rental Market Business Cycle, Timeline, and Value Chain Analysis of Car Rental Market in Indonesia Indonesia Car Rental Market Sizing, 2017- 2022P Market Segmentations of Car Rental Market in Indonesia (by Market Structure, by Type of Vehicle, by ICE/ EV, by Mode of Booking, by Pick-up, by Client, by cities), 2022 Indonesia E-Commerce Warehousing Overview, 2021 SWOT Analysis of Indonesia Car Rental Market Growth Drivers of Indonesia Car Rental Market Government regulations of Indonesia Car Rental Market Government Incentives and Policies on Electrification in Indonesia Trends and Developments of Indonesia Car Rental Market Challenges of Indonesia Car Rental Market Competitive Analysis of Car Rental Market in Indonesia End User Analysis of Car Rental Market in Indonesia Future Outlook and Projections of Car Rental Market in Indonesia, 2022-2027F Market Opportunities and Analyst Recommendations For more insights on the market intelligence, refer to the link below: – Future Outlook of Indonesia Car Rental Market Related Reports by Ken Research: – Netherlands Car Rental Market Outlook to 2027F Saudi Arabia Car Rental and Leasing Market Outlook to 2023 South Africa Car Rental and Leasing Market Projections to 2023 Tags: Adi Sarana Armada Tbk Car Rental Market Revenue, Airport Car Rental Market Indonesia, Avis Car Rental Market Analysis Revenue, Bali Car Rental Market, Best lease company in the Indonesia, Blue Bird Group Car Rental Market, Car Rantal market Indonesia, Car Rantal Service Providers in Indonesia, Car Rental & Leasing in Indonesia, Car rental agency in Indonesia, Car Rental Business Market 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