Executive Summary

Sep 2017
TRENDS

Car rental in India registered further strong retail current value sales growth in 2017. This was primarily driven by the increasing number of millennials in the country. The average age of the population is below 30-year-old, and most young adults do not want to invest in a car, preferring to rent a car to drive intercity for weekend getaways. This consumer base stimulated demand for car rental services in India. However, this represented primarily leisure non-airport car rental demand, mostly for short duration trips or weddings.

PROSPECTS

Car rental is projected to see a 2% retail value CAGR at constant 2017 prices over the forecast period. Growth is expected to be driven by the increasing number of travellers. Travelling was not a part of the everyday life of most Indians even at the start of the review period. However, with growing disposable incomes, more consumers have started to travel, especially on short weekend trips, for which car rental is a highly suitable travel mode.

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Car Rental in India

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Overview

Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Car Rental industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Car Rental in India market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth  
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Car Rental in India?
  • What are the major brands in India?
  • Is there a shift from airport car rental to non-airport?
  • Is leisure car rental outpacing business car rental?
  • Is insurance replacement recession-resistant?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Travel And Tourism market research database.