South Africa
Cab Aggregator Market Segmentation
By Region
In 2018, Northern South Africa had the largest share
in the cab aggregator market in terms of revenue followed by Southern South
Africa, Eastern South Africa and Western South Africa. The major markets in
Northern region in South Africa for online cab aggregators are Johannesburg and
Pretoria. This is majorly due to the large populations in these cities.
Growth Drivers
The roll-out programme for eVisas in South Africa
along with the low exchange rate for rand is expected to make South Africa a
thriving tourist destination for foreign travelers in the future, thus
expanding the car rental industry too.
The country’s population, number of smart phone users
and internet usage penetration are on a constant rise. All these factors are
expected to improve demand for app based taxi. The need to integrate Bus Rapid
Transit (BRT) systems better with other public transport systems, including
municipal buses, minibus-taxis, metered taxis and e-hail services presents a
huge growth opportunity for the car rental and taxi industry in the country as
it would help to greatly expand the number of people benefiting from investment
in public transport.
Issues and Challenges
The high prices of vehicle installments, vehicle
parts and maintenance costs have cut the profit margins for the taxi operators
and made it difficult to sustain business especially as they get no operational
subsidy from government.
High competition among existing companies has cut the
margins to below sustainable level. Metered taxi drivers face fierce
competition from e-hailing taxi services which are severely affecting the
formers business due to the low prices they offer. High cost of fuel and its
continuous escalating price is a key issue for the car rental business and has
passed on to the commuters in the form of high prices. Both driver and rider
safety are major concerns in South Africa and illegal operators in the industry
have contributed to violence in the industry.
Competitive Landscape
South Africa
Car Rental and Leasing Market
South
Africa Car Rental and Leasing market is
highly concentrated with the presence of 5 big players constituting majority of
the market. Avis Budget Group Inc, Europcar Groupe SA, Hertz Corp, First Car
Rental SA and Imperial Holdings Ltd are the major players in the market. The
major competition parameters are price, fleet variations, value added services
offered, age of the car and ease of availability.
South Africa
Cab Aggregator Market
South Africa Cab Aggregator market is highly
concentrated with the presence of two big players constituting majority of the
market. Uber was the market leader followed by Taxify. The major players
competed in the market on the basis of price, commission charged, ease of
availability, waiting time for customers, training of drivers, value added
services offered, app design and user interface and promotional activities and
offers.
South Africa
Car Rental and Leasing Market
The future outlook of the car rental and leasing
industry is positive. Utilization of rental and leased vehicles for executing
jobs in app based taxi market, increase in tourism in the country due to the
roll-out programme for eVisas in South Africa and the low valuation of Rand,
rising number of middle income families and the improving economic scenario are
some key factors that are expected to drive the market. The percentage share of
offline bookings in the car rental and leasing market will constantly decline
and by 2023, online bookings are expected to have the major share in the
market. In the long run, logistics and courier companies are expected to
continue to be the major end user, followed by the mining company executives.
South Africa
Cab Aggregator Market
The market size of the online cab aggregator market
is expected to augment at a positive CAGR for the period 2018- 2023. The huge
drop in the growth rate is expected as even though the online cabs have been
expanding at a tremendous rate till now, they are expected to reach a
saturation point in the near future. Their growth will also be restricted by
the low paying capacity of most of the people in the country. In the long run,
it is expected that market will be largely dominated by two or three players
only. The number of rides is expected to register constant growth as companies
expand their presence to more cities. The online cab aggregator companies may
also introduce the concept of share rides in the country, which is already
functional in more developed markets around the globe.
Key Segments
Covered:-
South Africa Car Rental and Leasing Market:
By Region:
Northern South Africa
Southern South Africa
Eastern South Africa
Western South Africa
By Type of
Booking:
Online Booking
Offline Booking
By Type of End
Users:
Mining Company Executives
Logistic and Courier Companies
Financial Institutions, Consultancy, Hospitality
Industry and Others
South Africa Cab
Aggregator Market:-
By Region:
Northern South Africa
Southern South Africa
Eastern South Africa
Western South Africa
Key Target
Audience:-
Car Rental Companies
Car Leasing Companies
Online Cab Aggregators
Taxi Companies
Private Equity Ventures
Time Period
Captured in the Report:-
2013-2018 – Historical Period
2019-2023 – Future Forecast
Companies
Covered:-
Car Rental and Leasing Companies:-
Avis Budget Group Inc, Europcar
Groupe SA, Hertz Corp, First Car Rental SA and Imperial Holdings Ltd, Uber and
Taxify
Related Reports By Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
