Indonesia Car Rental Market Trends and Development - Ken Research
by Ashish Kumar Market ResearcherThe report titled "Indonesia Car
Rental Market Outlook to 2021 - Rising Tourism and Growing Middle Class
Population to Foster Future Growth" provides a comprehensive analysis of the organized and
unorganized, chauffer driven and non-chauffeur driven car rental segments. The report
includes snapshots on ride sharing / carpooling market, self-driven car market
and bike rental market in Indonesia and covers aspects such as off-airport and
on-airport bookings, corporate and retail clients, and demand by major regions.
The publication also includes competitive landscape which discusses the major
market players along with the detailed discussion about the organizations and
their respective market share. The report also provides in depth analysis of
the cab aggregator market including detailed company profiles of the
stakeholders. The future analysis of overall Indonesia Car Rental Market has
also been discussed along with recommendations from analyst view.
Market Potential
Indonesia car rental market has showcased a consistent growth trend
during the review period, 2011-2016 at a CAGR of 8.7% in terms of revenue
generated from the trips. The major factors that augmented market growth are
the arrival of international and domestic tourists, traffic congestion and
inclining consumer spending on transportation. Indonesia had always been an
affordable destination for international tourists. The increasing demand for
car rental services in the country has increased competition in the market. The
fleet size of car rental industry has grown at an impressive CAGR of 15.3%.
Inclining demand and availability of cheaper second hand cars have led to the
growth in the fleet size.
In terms of revenue generation, Indonesia car rental market has been
dominated by the organized players. Fixed rental tariffs, ease of
accessibility, reliability and security are some of the factors which led to
the dominance of organized sector over the unorganized sector in the country.
In 2016, the non-chauffeur driven segment has dominated the market over
chauffeur driven services. This was primarily due to preference of
international and domestic tourists to rent cars and drive it themselves across
the country.
Indonesia car rental market is very fragmented and highly competitive
one, with over ~ companies operating in this space. The top 10 players in car
rental industry together comprised for about ~ of market share in terms of
fleet size in Indonesia, as of 2016. These companies compete against each other
on the basis of providing better consumer experience, rental tariffs, type and
size of fleets, maximum rental period, timely maintenance, immediate backup in
case of breakdown and several other parameters. The major players in the market
included Blue Bird, TRAC, Express Taxi, Tunas Rental, MPM Rent, Assa Rent and
several others.
Future Outlook
The growth in the car rental market shall be driven by the increasing
number of international tourists, increased focus of car rental on corporate
clients, increasing fleet size, incline in number of both on-airport and
off-airport locations by the car rental companies. The existing players in the
car rental market are in the process of launching new services and enhancing
entertainment options including the addition of LED screen for customers so
that they do not get exhausted in traffic jams of Indonesian cities and GPS
tracking of the trip. Since the companies providing car rental services are
increasing in number every year, the type and quality of these services is
improving in the market to withstand the competition. All these factors would
result in greater demand for car rental services and the market is expected to
grow at a CAGR of ~% during the period 2016-2021.
Key Topics Covered in
the Report:
Indonesia Car Rental Market, 2011-2016
Indonesia Car Rental Market Segmentation By Organized and Unorganized
Sector, By Chauffer and Non-Chauffer Driven, By Off-Airport and On-Airport, By
Corporate and Retail Clients, By Small, Medium and Luxury Car, By Online and
Offline Booking, Demand by Regions, 2016
Trends and Development in Indonesia Car Rental Market
Regulatory Landscape in Indonesia Car Rental Market
Contract Structure in Indonesia Car Rental Market
SWOT Analysis of Indonesia Car Rental Market
Competitive Landscape of Major Players
Market Share of Major Players
Company Profile of Major Players
Indonesia Car Rental Market Future Outlook and Projections, 2017-2021
Indonesia Cab Aggregator Market, 2014-2016
Indonesia Cab Aggregator Market Segmentation By Off-Airport and
On-Airport, By Leisure and Business Trips, By Online and Offline Booking, 2016
Snapshot on Indonesia Ride Sharing / Carpooling Market
Snapshot on Indonesia Self-Driven Car Rental Market
Snapshot on Indonesia Bike Rental Market
For more information on
the research report, refer to below link:
Related Reports
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Created on Nov 20th 2017 03:37. Viewed 288 times.