The report titled “South Africa Car Rental and Leasing Market Projections
to 2023 - By Business Model (Self Drive, Cab Aggregator, Car Leasing, Minibus
Taxi, Metered Taxi and Airport Transfers) and By End User (Mining, Logistic &
Courier and Others)” provides a comprehensive analysis on the Car
Rental and Leasing and Cab Aggregator industry of South Africa. The report
covers introduction on South Africa Car Rental and Leasing market, business
model of car rental and leasing companies, market size by revenue (2013-2018),
market segmentation on the basis of region, type of booking, type of end user,
competitive landscape in the industry, shares and company profiles of major
players in the market, future outlook for the market (2018-2023) including
estimated market size in terms of revenue, market segmentation on the basis of
region and type of booking, issues and challenges and growth drivers for the
market. The report also includes an introduction on South Africa Cab Aggregator
market, business model, market size by revenue (2014-2018), market segmentation
on the basis of region, competitive landscape in the industry, shares and
company profiles of major players in the market, future outlook for the market
(2018-2023) including estimated market size in terms of revenue and regulatory
norms in South Africa taxi market. There are snapshots on the Minibus Taxi
Market, Metered Taxi Market and Airport Transfers in South Africa.
The report is useful for car rental and leasing companies and
cab aggregator companies along with venture capital funds and investors in
automobile and transportation sector to align their market centric strategies
according to ongoing and expected trends in the future.
South Africa Car Rental and Leasing
Market
South Africa Car Rental and Leasing market augmented
positively from 2013 to 2018 at a positive CAGR during the review period
2013-2018. The car rental and leasing market was largely dominated by foreign
companies operating in the country including Avis, Hertz, Budget and Europcar.
Car rental and leasing market in South Africa was driven by business car rental
due to consistent bookings from corporate customers to attend events such as
exhibitions, conferences, workshops and meetings. Industry players also formed
strategic partnerships with each other to boost sales.
In 2018, Cape Town and Port Elizabeth are the major markets
for car rental and leasing in the southern part of the country, being a major destination
for business tourism and an employment hub in the country. Offline booking was
the major source of bookings as compared to online bookings in South Africa car
rental and leasing market. Direct booking through company website had the major
market share within the online booking market for car rental and leasing while
booking through intermediaries mainly including booking through third party
websites such as CarFlexi, Economy Car Rentals, Kayak or by other travel
agencies had a smaller share in the online booking market. In 2018, Logistics
and Courier companies continued to be the largest end user for car rental and
leasing market followed by Mining Company Executives. Other end users included
Financial Institutions, Consultancy, Hospitality Industry and other industries.
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. 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.
South Africa Cab Aggregator Market
In 2013, online cab aggregators entered the South African
transportation industry with the launch of Uber in Johannesburg. Thus, Uber
became the first app-based online cab aggregator to operate in South Africa.
Uber and Taxify are the major players in the market. Online cab aggregators
have expanded the market beyond the existing market of traditional metered taxis.
At numerous occasions, violence has erupted between metered taxi operators and
online cab aggregator drivers in the country as the metered taxi operators
accused the online cab aggregators of stealing business and competing unfairly
due to low fares which could not be matched.
In 2018, 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.
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 are competing 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.
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
Key Topics Covered in the Report:-
Introduction on South Africa Car Rental and Leasing Market
Business Model of Car Rental and Leasing Companies
South Africa Car Rental and Leasing Market Size by Revenue
(2013-2018)
South Africa Car Rental and Leasing Market Segmentation on
the Basis of Region, Type of Booking, Type of End User
Competitive Landscape in the South Africa Car Rental and
Leasing Industry
Shares and Company Profiles of Major Players in the South
Africa Car Rental and Leasing Market
South Africa Car Rental and Leasing Market Future Outlook
(2018-2023) Including Estimated Market Size in Terms of Revenue, Market
Segmentation on the Basis of Region and Type of Booking.
Introduction on South Africa Cab Aggregator Market
Business Model of Cab Aggregator Companies
South Africa Cab Aggregator Market Size by Revenue
(2014-2018)
South Africa Cab Aggregator Market Segmentation on the Basis
of Region
Competitive Landscape in the South Africa Cab Aggregator
Industry
Shares and Company Profiles of Major Players in the South
Africa Cab Aggregator Market
Future Outlook for the South Africa Cab Aggregator Market
(2018-2023) Including Estimated Market Size in Terms of Revenue
Regulatory Norms in South Africa Taxi Market
Issues and Challenges
Growth Drivers
Snapshot on the Minibus Taxi Market in South Africa
Snapshot on the Metered Taxi Market in South Africa
Snapshot on the Airport Transfers in South Africa
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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
