Showing posts with label Car Rental Companies in Indonesia. Show all posts
Showing posts with label Car Rental Companies in Indonesia. Show all posts

Monday, March 27, 2023

Indonesia Car Rental Market Outlook to 2027F: Ken Research

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What Is the Size of Indonesia Car Rental Industry?

Indonesia’s Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach $ ~ Bn by 2027F. The Indonesia Car Rental Market is largely driven by 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 for electric vehicles.

But, the rapid spread of coronavirus across the country and enforced lockdown in country have had a negative impact on the car rental market. Manufacturers operating in the car rental market are recovering from the losses caused due to disturbed services due to halt on transportation activities and travel restrictions. Following the successful recovery of enterprises, automobile rental industry producers are establishing their position in the market. To meet increased consumer demand, major participants in the automobile rental sector are investing and extending their offerings. Also, 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.

Indonesia Car rental Market by Market Structure

The Indonesia Car Rental market is segmented by market structure into organized and unorganized market. There is a preference towards the organized sector as most of the tourists look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.

Indonesia Car rental Market by Type of Vehicles

The Indonesia Car Rental market is segmented by type of vehicles into Small Cars/ Hatchbacks, sedans, SUVs, and others. The demand for economy cars has been steadily growing in the country on account of improving employment opportunities, leading to the growing individual’s ability to spend.

Indonesia Car rental Market by ICE/EV

The Indonesia Car Rental market is segmented by ICE (internal combustion engine) and electric vehicles. There is a preference towards the ICE vehicles as they have been very common and EVs are a new concept and they are expensive also.

Indonesia Car rental Market by Cities

The Indonesia Car Rental market is segmented by cities into Jakarta, Surabaya, Bali, Yogyakarta, and others. with Jakarta being one of the top convention destinations, hence, car rental services offer great market potential in the forecast period.

Indonesia Car rental Market by mode of booking

The Indonesia Car Rental market is segmented by mode of booking into online and offline. With the growing trend of cashless online payments worldwide, Indonesia lacks a cashless mode of payment. Hence, the market growth of the offline mode of booking holds a significant share followed by the online mode of booking.

Indonesia Car rental Market by Client

The Indonesia Car Rental market is segmented by the client into business and leisure. Leisure trips are projected to hold a significant market share with the increasing number of tourist arrivals contributing to increasing the country’s GDP as well.

Indonesia Car rental Market by Pick-Up

The Indonesia Car Rental market is segmented by pick-up into on-airport and off-airport. On-airport holds the market share in Indonesia’s Car Rental Market as people wants to get picked from the airport.

Indonesia-Car-Rental-Industry-Share

Key Segments Covered: –

Indonesia Car Rental Market:

By Market Structure

Organized market

Unorganized market

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By Type of Vehicles

Small Cars/ Hatchbacks

Sedans

SUVs

Others

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

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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

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