The India Car Rental Market is driven by two major segments namely organized and unorganized market. The major market is being dominated by the unorganized sector which includes sector taxi services operated by local operators

Date: 11 March 2016

The India Car Rental Market is driven by two major segments namely organized and unorganized market. The major market is being dominated by the unorganized sector which includes sector taxi services operated by local operators as well as individuals whereas the organized sector is driven by the self-driven cars, aggregators and affiliators .However the organized sector (Radio Taxi ) has grown successfully for the last five years and is anticipated to acquire a market share of 25% by 2021.   

The “India Car Rental Market : Trends, Opportunities  and Forecasts (2016E-2021F)” is a comprehensive report published by Azoth Analytics suggests that the market grew at 7.50 % in 2011-2015 and is further expected to grow at a CAGR of 5.29 % in the forecast period of 2016E-2021F. The market is boosted by the impetuous investments in the market owing to which the companies are able to invest a considerable amount towards the improvement of the technical infrastructure, addition of cars to the fleet, etc. Besides the major investments the factors which amplify the growth in this market are steady increase in urbanization rate, growth in the smartphone penetration rate, rampant increase in the internet penetration & continuous spree of investments in the aggregator model.

The report contains insights from extensive research with statistical validation of data collected through primary data collection techniques. Also, business strategies of major players and their major investments and funding from financial institutions are presented in the report. A highly reliable business intelligence report, “India Car Rental Market: Trends, Opportunities and Forecasts (2016E-2021F)” intends to facilitate sound decision making amongst the investors.
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