India Car Rental Market Summary, Competitive Analysis and Forecast to 2027
Summary
Car Rental in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value includes car rentals for business, leisure purposes, and insurance replacement. Market volumes represent the size of the rental car fleet (absolute unit) within the respective countries. The calculation excludes leasing and long-term rentals. Taxis/cabs or other passenger vehicles driven by drivers are excluded from the calculation. Distribution channels are divided into airport and non-airport locations, with a focus on leisure and business segments. Other distribution channel represents the value of the fleet rented for insurance purpose.
- The Indian car rentals market had total revenues of $139.3 million in 2022, representing a compound annual growth rate (CAGR) of 0.2% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 4.2% between 2017 and 2022, to reach a total of 19,282.0 cars in 2022.
- In 2022, the capital investment in travel and tourism in India reached $856 billion increased from 11.1% compared to the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in India
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India car rental market with five year forecasts
- What was the size of the India car rental market by value in 2022?
- What will be the size of the India car rental market in 2027?
- What factors are affecting the strength of competition in the India car rental market?
- How has the market performed over the last five years?
- What are the main segments that make up India's car rental market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the latest developments of the leading players?
- 8 Company Profiles
- 8.1. Avis Budget Group Inc
- 8.2. Carzonrent (India) Pvt Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: India car rental market value: $ billion, 2017–22
- Table 2: India car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Table 3: India car rental market category segmentation: % share, by value, 2017–2022
- Table 4: India car rental market category segmentation: $ billion, 2017-2022
- Table 5: India car rental market geography segmentation: $ billion, 2022
- Table 6: India car rental market value forecast: $ billion, 2022–27
- Table 7: India car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Table 8: Avis Budget Group Inc: key facts
- Table 9: Avis Budget Group Inc: Annual Financial Ratios
- Table 10: Avis Budget Group Inc: Key Employees
- Table 11: Carzonrent (India) Pvt Ltd: key facts
- Table 12: Carzonrent (India) Pvt Ltd: Key Employees
- Table 13: India size of population (million), 2018–22
- Table 14: India gdp (constant 2005 prices, $ billion), 2018–22
- Table 15: India gdp (current prices, $ billion), 2018–22
- Table 16: India inflation, 2018–22
- Table 17: India consumer price index (absolute), 2018–22
- Table 18: India exchange rate, 2018–22
- List of Figures
- Figure 1: India car rental market value: $ billion, 2017–22
- Figure 2: India car rental market volume: billion Car Fleet – Absolute Unit, 2017–22
- Figure 3: India car rental market category segmentation: $ billion, 2017-2022
- Figure 4: India car rental market geography segmentation: % share, by value, 2022
- Figure 5: India car rental market value forecast: $ billion, 2022–27
- Figure 6: India car rental market volume forecast: billion Car Fleet – Absolute Unit, 2022–27
- Figure 7: Forces driving competition in the car rental market in India, 2022
- Figure 8: Drivers of buyer power in the car rental market in India, 2022
- Figure 9: Drivers of supplier power in the car rental market in India, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the car rental market in India, 2022
- Figure 11: Factors influencing the threat of substitutes in the car rental market in India, 2022
- Figure 12: Drivers of degree of rivalry in the car rental market in India, 2022
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