By Market Structure (Organized and
Unorganized Market): Organized India
Self Drive Car Rental Market dominated both in terms of Gross
Transaction Value (GTV) and Fleet Size during FY’2019. The organized market
space is also supposed to further expand in the future as they are able to
provide a structured and transparent fee structure along with extra and
complimentary customer services such as on road assistance, GPS, cleaning and maintenance
which the unorganized sector fails to do so. Organized space of the market
overall amounted to ~ in terms of GTV and ~ in terms of Fleet size. While
unorganized space lacked far behind.
By Cities of India (Bangalore, Delhi,
Mumbai, Pune Chandigarh and others): This segmentation focuses on the
larger part of the GTV earned in every major city of India. Bangalore leads in
this segment by amounting to ~ as it is the home to every major startup in this
Industry and provides growth opportunities for tech savvy people and a good
place for on ground testing and research. Moreover, corporate offices and youth
population of Delhi and Mumbai makes them the second and third largest
contributors of GTV for this market respectively. Delhi amounted to ~ in terms
of GTV while Mumbai amounted to ~ in FY’2019. Other cities are also developing
terms of GTV and are supposed to grow further in the Future.
By Booking Channel (Mobile
Application, Online Portals and Physical Bookings): There
are majorly 3 forms of booking a self drive car out of which, Mobile
application booking is the most favorable one and amounts to ~ in FY’2019, as
it provide the user with the ease of booking a car from anywhere with just a
small application. Increase in number of smartphone users and Internet users is
further supposed to increase the share of this segment. The second most
preferable mode is via an online portal, which is the website of the company
and holds ~ share in FY’2019. There is also a third option of making a physical
booking by calling or by visiting the centers which holds a very low share of
~.
By Booking Package (Hourly, Daily,
Weekly and Monthly): Majority of customers prefer to book car on
the basis of daily package as they provide them with the most economical
packages and durations. Hence, that segment amounts to ~ in the India self
drive car rental market. The Daily basis package amounted to the ~ of the total
number of Bookings done in FY’2019. However, there has also been an increase in
the week long trips that are taken during the week, due to family getaways and
corporate bookings, which amounts to ~ in FY’2019. Hourly package is also
chosen by individuals who prefer to use the car for a stipulated period of
time, amounting to ~ and monthly packages amounts to ~ of the total number of
bookings.
By usage (Intercity and Intracity): The
development of roads and Highways all across India provides a well connected
network of roads and highways which in turn allows the people to easily travel
from one city to another, this is a major reason as Intercity trips holds a ~
part of total trips done by the users, in comparison to Intracity trips made by
them which amounts to ~ in this segment.
By Booking Period (Weekends and
Weekdays): The weekend segment dominated throughout the year. Since majority
of quick getaways and short trips can also be planned during this time and
provides a large population of India with a chance of getting away from the
city life for a while. This is the main
reason as to why Weekend trips amounts to ~ in FY’19. The other section of this
segment comprises of bookings made for the weekdays, which are usually done by
Corporate Clients or Students and amounts to ~ of the total Bookings done.
By Types of cars (Hatchbacks, Sedans,
SUV+MUV): This segmentation focuses on providing a clear idea about the
dynamicity of a company and what is their car portfolio like. The industry
overall holds a similar number of Hatchbacks and SUV and MUV in their
fleet which amounts to ~ of the total
fleet size of the organized sector as the demand for them is very high and
these cars are the one that provides the company with most of their revenues.
Sedan cars are the least used cars and amounts to ~ in the market.
By Segments of Cars (Standard and
Luxury): Luxury cars are the high end cars provided by a rental company,
and are mostly based on style and performance. These types of cars provide
maximum comfort and style. It provides the customers with elegance, unperturbed
hassle free ride while arriving in style. However, they do not hold a major
share in the industry as they are very costly to procure and then optimize as
well. Standard cars provide the company with economical value and amounts to ~
of the total Fleet size of the Industry.
By Status of Ownership (Owned or Leased):
This
segment studies about the ownership status of each organized players in the
market and gives the analysis that all the players are now hesitant by
operating at a heavy asset model and does not want to increase the size of
their balance sheet. However a large amount of company’s fleet are owned by
them and amounts to ~ of this segment, but the outlook for the future decrease
the percentage change and provides an opportunity for growth in terms of leased
cars from third party and other car manufacturers.
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 Topics Covered in This
Report:-
India
Self Drive Car Rental Market
India
Self Drive Car Rental Industry
India
Self Drive Car Rental Industry Research Report
Self Drive
Car Rental Market In India
Self Drive
Car Rental Industry In India
Market
Research Report Of India Self Drive Car Rental
Industry
Research Report Of India Self Drive Car Rental
India
Self Drive Car Rental Market Analysis
India
Self Drive Car Rental Market Revenue
India
Self Drive Car Rental Market Growth
India
Self Drive Car Rental Market Trends
India
Self Drive Car Rental Market Major Players
India
Self Drive Car Rental Market Competition
India Self
Drive Car Rental Market Size
India
Self Drive Car Rental Market Shares
India Car
Rental Market
India Car
Rental Industry
India
Self Driving Car Rental Market
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:-
Related Reports:-
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249