The Rising Online Bookings Driving the Growth of the Car Rental Industry in India: Ken Research

November 2014  

Car rental industry is one of the most developing sectors in India. The industry has witnessed tremendous growth over the years and is not expected to decline any time soon as a lot of new players are emerging and capitalizing on the untapped market of car rental in the country. The revenue of the industry has been growing mainly due to the availability of cheap car rentals and the availability of more options such as car sharing where people hire cars for short period attracting consumers who only have limited use of vehicles. The market can be broadly segmented in the form of organized and unorganized market in which the majority of the market is dominated by the players in the unorganized segment of the industry.

 
Many car rental companies in India are relying on latest technology to attract more customers and generate more revenues for their organization. One of such moves from the car rental companies is the introduction of GPS also known as Global Positioning System which enables the company to track the movement and whereabouts of their cabs. Also, it helps in calculating the route and find the best possible route for travelling. One other example of introduction of new technology in car rental industry is the development of mobile application through which one can book cabs online. 
 
The online car rental industry has seen showcasing considerable growth over the years and is expected to surge further, with no signs of slowing down any time soon. The online car rental market is a relatively new concept in the car rental industry as it only constitutes around 5% of the overall car rental market in India. The online car rental is a new concept and it would take some time before it actually generates the majority of sales for the car rental companies.
 
The report titled “India Car Rental Market Outlook to 2019 - Rising Online Booking to Drive the Future Growth” provides a detailed overview of the car rental industry and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, car rental aggregators and owners and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
 
Key Topics Covered in the Report:
Car Rental Industry
- Market Size by Revenue and Fleet size
- Market Segmentation by 
o On and Off airports 
o Organized and Unorganized Market
o Business and Leisure Trips
o Corporate and Retail Clients
o Small, Medium and Luxury Cars
o Chauffeur and Self Driven
o Major Cities
 
- Trends and Development
- SWOT
- Major Challenges
- Competitive Landscape
- Porter’s Five Forces
- Competition and Market Share
- Growth Drivers
- Future Outlook
- Macro Economic Parameters
 
Key Services Mentioned in the Report
Car Rental
Car Sharing
Car Leasing
 
Companies Covered in the Report
Carzonrent
Olacabs 
Meru Cabs
Avis India
Savaari Car Rental
Taxi for sure
Taxiguide
Getmecab
 
Related Reports:
Europe Car Rental Industry Analysis to 2017 - Latvia, Belgium and Ukraine to Stimulate the Market Growth
North America Car Rental Industry Outlook to 2017 - Off-Airport Segment and Car Sharing Driving the Future Growth
 
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Query@kenresearch.com
+91-11-47017199