·
India Used Car Market is estimated to record around
INR 1.5 billion revenues by FY’2020.
·
Future Growth of Used Car Market is expected to
be led by emergence of web aggregators and rise in preferences towards used car
·
In the Used Car Market, the market has been
dominated by Maruti True Value, while in the online used car market; Car Dekho
has subjugated the online used car market.
Ken
Research announced its latest publication on “India Used Car Market Outlook
to 2020” which provides a comprehensive analysis of the used car sales in India
through online and offline means. The report first analyzes the market of used
car in detail, with major segmentation of distribution channels, marketing
channels and by demand from major cities. On the competition front, market
share of major players in the used car market with detailed company profile has
been presented. On the other side, online used car market has been presented
with a focus on the positioning of major online web aggregators in the market,
with detailed company profile. The report also shed light on the market size of
online used car market. The report also includes Macroeconomic factors which
have been analyzed to determine the future prospects of the Industry. The report
will help car dealers as well as online car web aggregators, car manufacturers,
retailers, and other stakeholders to align their market centric strategies.
 |
| Used Car Market India |
India’s used car market has been subject to
several changes over the years due to the entrance of new players and as a
result, there has been a shift in the way this market has been functioning. In
other words, the used car market at present is more customer-oriented than it
was a decade ago. Being more customer-oriented is also working in favor of the
sellers which can be seen in the form of higher sales by volume and revenue
generated in the recent years. The used cars market has also penetrated to the
tier 2 and tier 3 cities and the market size in terms of revenue was INR ~
billion in FY’2015 and this value is expected to grow further in the next few
years with the online players increasing their presence in the market and the
changing outlook of the people towards second hand cars.
The online used car market has emerged as a result of the
popularity of e-commerce not only in India but in almost every East Asian and
South East Asian country. Electronic or e-commerce consists of all those
commercial activities which are conducted by the use of computer network and
that of information technology such as Electronic Data Interchange (EDI) and it
basically involves the buying and selling of goods and services over the World
Wide Web (www).
According to the
research report, the used car market will grow at a considerable CAGR rate to
reach INR 1.5 billion by 2020 due to the increasing number of car dealers and
preferences for used cars in India.
“Easy access to high-speed internet and therefore, availability of
nearly perfect information about the used cars has also led to a decline in the
‘search costs’ for the buyer, which is the main reason why people are
increasingly willing to buy or sell cars on the web”, according to the Research
Associate, Ken Research.
Key
Topics Covered in the Report:
Used Car Market
-
Market Size by Value, Volume
-
Market Segmentation by
o
Organizational Structure
o
Types of Cars
o
Distribution Channels
o
Marketing Channels
o
Major Cities
-
Trends and Development
-
SWOT
-
Competition and Market Share
-
Growth Drivers
-
Future Outlook
-
Macro Economic Parameters
Online Used Car Market
-
Market Size by Value
-
Business Model
-
Consumer Profiles
-
Market Share of Online Used Car Web
Aggregators (Carwale.com, Cartrade.com, Cardekho.com, Zigwheels.com, Olx,
Quikr)
-
Future Outlook
Key
Products Mentioned in the Report
Used Car
Online Auto Portals
Companies
Covered in the Report
Used Car Players:
·
Maruti True Value
·
Tata Motors
·
Mahindra First Choice
·
Hyundai Advantage
·
Honda Auto Terrace
Online Used Car Players:
·
Car Wale.com
·
Car Trade.com
·
Car Dekho.com
·
Zig wheels. Com
·
Olx
·
Quikr
Related Reports:
The US Used Car Market Outlook 2016 -
Driven by Late Model Used Cars
India Car Rental Market Outlook to
2019 - Rising Online Booking to Drive the Future Growth
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
