Inquire Before Buying
Speak to an Analyst 
Request Brochure 
Request CustomizationIMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More
India Car Rental Market Report by Booking Type (Offline Booking, Online Booking), Rental Length (Short Term, Long Term), Vehicle Type (Luxury, Executive, Economy, SUVs, and Others), Application (Leisure/Tourism, Business), End-User (Self-Driven, Chauffeur-Driven), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A11681
Buy Now
Market Overview:
The India car rental market size is projected to exhibit a growth rate (CAGR) of 15.12% during 2024-2032 The growing traffic congestion and the challenges associated with vehicle ownership, the emergence of mobile applications and online platforms, and the rapid expansion of services to tier-2 and tier-3 cities represent some of the key factors driving the market.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023
|
|
Forecast Years
|
2024-2032
|
|
Historical Years
|
2018-2023
|
| Market Growth Rate (2024-2032) | 15.12% |
Car rental refers to a service that allows individuals to rent automobiles for a short period, ranging from a few hours to several weeks. This service is primarily used by people who require a vehicle for temporary use, such as tourists or those whose own cars are unavailable due to repairs. Car rental agencies maintain a fleet of various types of vehicles to cater to different customer needs, including economy, luxury, or specialized vehicles. Rentals are typically charged per day or per week, and the cost may include insurance and other additional fees. Customers must meet specific age, licensing, and insurance requirements and are responsible for returning the vehicle in the same condition in which it was rented. Car rental offers flexibility and convenience, enabling individuals to select a vehicle that fits their budget and needs. It also plays an important role in reducing the demand for private car ownership, thus contributing to reduced traffic congestion and environmental pollution. The service is available in many urban areas and airports worldwide, making it an accessible and practical option for both local residents and travelers.
India Car Rental Market Trends:
The India car rental industry is experiencing robust growth, driven by a favorable environment for its expansion. One of the primary drivers is the rapid urbanization in the country, which has led to increased traffic congestion and the challenges associated with vehicle ownership, such as parking and maintenance. This circumstance has persuaded many city inhabitants to choose automobile rental services as a more practical and affordable substitute for owning a car. A significant boost to the car rental industry in India comes from the flourishing tourism sector. The increase in both domestic and international tourists has created a higher demand for rental cars, especially in tourist hotspots. The emergence of mobile applications and online platforms that allow for simple booking and payment has improved the procedure and helped the sector develop. Along with this, the corporate sector is another essential contributor to the car rental industry's expansion in India. Several businesses prefer to utilize rental cars for their employees rather than maintain a fleet of company-owned vehicles, as it can be more economical and flexible. In addition, government initiatives that promote investments in infrastructure, such as improved road networks, also enhance the appeal of car rental services by making road travel more convenient and efficient. Moreover, changing societal attitudes and the growing middle class in India are shifting preferences towards comfort and convenience, leading to a preference for car rentals over public transportation in some cases. The expansion of services to tier-2 and tier-3 cities is further widening the reach of the car rental industry. Furthermore, the introduction of innovative business models, including self-drive rentals and ride-sharing, is creating a positive market outlook.
India Car Rental Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the India car rental market report, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on booking type, rental length, vehicle type, application, and end-user.
Breakup by Booking Type:
- Offline Booking
- Online Booking
The report has provided a detailed breakup and analysis of the market based on the booking type. This includes offline booking and online booking.
Breakup by Rental Length:
- Short Term
- Long Term
A detailed breakup and analysis of the market based on the rental length have also been provided in the report. This includes short term and long term.
Breakup by Vehicle Type:
- Luxury
- Executive
- Economy
- SUVs
- Others
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes luxury, executive, economy, SUVs, and others.
Breakup by Application:
- Leisure/Tourism
- Business
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes leisure/tourism and business.
Breakup by End-User:
- Self-Driven
- Chauffeur-Driven
The report has provided a detailed breakup and analysis of the market based on the end-user. This includes self-driven and chauffeur-driven.
Breakup by Region:
- South India
- North India
- West & Central India
- East India
The report has also provided a comprehensive analysis of all the major regional markets, which include South India, North India, West & Central India, and East India.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
India Car Rental Market Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
| Booking Types Covered | Offline Booking, Online Booking |
| Rental Lengths Covered | Short Term, Long Term |
| Vehicle Types Covered | Luxury, Executive, Economy, SUVs, Others |
| Applications Covered | Leisure/Tourism, Business |
| End-Users Covered | Self-Driven, Chauffeur-Driven |
| Regions Covered | South India, North India, West & Central India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request |
Key Questions Answered in This Report:
- How has the India car rental market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India car rental market?
- What is the breakup of the India car rental market on the basis of booking type?
- What is the breakup of the India car rental market on the basis of rental length?
- What is the breakup of the India car rental market on the basis of vehicle type?
- What is the breakup of the India car rental market on the basis of application?
- What is the breakup of the India car rental market on the basis of end-user?
- What are the various stages in the value chain of the India car rental market?
- What are the key driving factors and challenges in the India car rental?
- What is the structure of the India car rental market and who are the key players?
- What is the degree of competition in the India car rental market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India car rental market from 2018-2032
- The research study provides the latest information on the market drivers, challenges, and opportunities in the India car rental market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India car rental industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase Options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.
Read More
I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested
Read More
Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.
Read More
The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.
Read More
I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you
Read More
The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.
Read More
One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.
Read More
We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.
Read More
The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.
Read More
The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.
Read More
The report is excellent and has good amount of data and our team is extremely happy with the information provided.
Read More
Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.
Read More