Competition Scenario in Indonesia Car Rental Market
Indonesia’s Car Rental Market is at a growing stage and has a highly fragmented market, with the top 8 players accounting for a little over one-fourth of the market. Major players operating in the market are TRAC, Indorent, Bluebird, Adi Sarana Armada Tbk, and others. The companies rely on considerable research and development operations to stay competitive.
What is the Expected Future Outlook for the Overall Indonesia Car Rental Market Across the globe?
The Indonesia Car Rental market was valued at $ ~billion in 2022 and is anticipated to reach $ ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Indonesia Car Rental market is driven by new car rental companies along with increasing tourism in the country and more internet penetration in rural areas of the country. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. Also, online tourist vehicle bookings are increasing in the country due to the rising usage of smartphones, and the growth in the number of users preferring online channels. In the impending years, the Indonesia Car Rental Market will grow because of the increased focus of car rental firms on corporate clients, the increase in foreign travelers, etc.
The current car rental market participants in Indonesia are in the process of introducing new services and improving entertainment alternatives, such as adding an LED screen for clients to avoid exhausting them in their city’s traffic jams and GPS tracking of the journey. Since there are more businesses offering car rental services every year, the kind and caliber of these services are advancing in the market to compete. All of these elements would increase demand for car rental services in Indonesia.
There has been a paradigm shift away from products and toward experiences in recent years. Consumer durables and clothing spending have slowed, while experiential spending on recreation, travel and eating has skyrocketed. As a result, the demand for commodities outnumbers the demand for travel. Now, the growth has coincided with an increase in both domestic and international outbound tourists. The aforementioned factors are key drivers for the Indonesian leisure activity market, which will further boost the growth of the Indonesian car rental service market. Furthermore, because Jakarta is a popular convention destination, the leisure activity segment has significant market potential throughout the forecast period.
Key Segments Covered: –
Indonesia Car Rental Market:
By Market Structure
Organized market
Unorganized market
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By Type of Vehicles
Small Cars/ Hatchbacks
Sedans
SUVs
Others
By ICE/EV
ICE (Internal Combustion Engine
Electric Vehicles
By Cities
Jakarta
Surabaya
Bali
Yogyakarta
Others
By Mode of Booking
Online
Offline
By Client
Business
Leisure
By Pick-up
Off-Airport
On-Airport
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Key Target Audience
Car Rental Service Providers
Car Rental Companies aiming to establish in Indonesia
Indonesia’s automotive industries
Government Bodies & Regulating Authorities
Venture Capitalist targeting the car rental market
Automotive industry association
Car Manufacturers
Existing Car Rental Companies
OEM Dealerships
New Market Entrants
Investors
Car Rental Associations
Time Period Captured in the Report
Historical Year: 2017-2022
Base Year: 2022
Forecast Period: 2022– 2027F
Companies Covered
Car Rental Company
The Hertz Corporation
Blue Bird Group
TRAC
Mitra Pinasthika Mustika Rent
Adi Sarana Armada Tbk
Avis
Europcar Indonesia
Globe Rent a Car
Key Topics Covered in the Report
Overview, Operating Models and Company Profile of the Automotive Industry in the Indonesia, 2022
Overview and Genesis of Car Rental Market in Indonesia, 2022
Ecosystem of Indonesia Car Rental Market
Business Cycle, Timeline, and Value Chain Analysis of Car Rental Market in Indonesia
Indonesia Car Rental Market Sizing, 2017- 2022P
Market Segmentations of Car Rental Market in Indonesia (by Market Structure, by Type of Vehicle, by ICE/ EV, by Mode of Booking, by Pick-up, by Client, by cities), 2022
Indonesia E-Commerce Warehousing Overview, 2021
SWOT Analysis of Indonesia Car Rental Market
Growth Drivers of Indonesia Car Rental Market
Government regulations of Indonesia Car Rental Market
Government Incentives and Policies on Electrification in Indonesia
Trends and Developments of Indonesia Car Rental Market
Challenges of Indonesia Car Rental Market
Competitive Analysis of Car Rental Market in Indonesia
End User Analysis of Car Rental Market in Indonesia
Future Outlook and Projections of Car Rental Market in Indonesia, 2022-2027F
Market Opportunities and Analyst Recommendations
For more insights on the market intelligence, refer to the link below: –
Future Outlook of Indonesia Car Rental Market
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