India Car Rental Market Size & Outlook, 2023-2030
India car rental market, 2018-2030 (US$M)
Related Markets
India car rental market highlights
- The India car rental market generated a revenue of USD 3,433.1 million in 2023 and is expected to reach USD 13,182.0 million by 2030.
- The India market is expected to grow at a CAGR of 21.2% from 2024 to 2030.
- In terms of segment, economy cars was the largest revenue generating vehicle type in 2023.
- Luxury cars is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Car rental market data book summary
| Market revenue in 2023 | USD 3,433.1 million |
| Market revenue in 2030 | USD 13,182.0 million |
| Growth rate | 21.2% (CAGR from 2023 to 2030) |
| Largest segment | Economy cars |
| Fastest growing segment | Luxury cars |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Luxury cars, Executive cars, Economy cars, SUVs, MUVs |
| Key market players worldwide | Avis Budget Group Inc, Carzonrent India Pvt. Ltd., Eco Rent A Car, Eurazeo SE, Localiza Rent A Car SA ADR, Hertz Global Holdings Inc Ordinary Shares (New), Sixt SE, AVR Van Rental, Enterprise Holdings |
Other key industry trends
- In terms of revenue, India accounted for 2.6% of the global car rental market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China car rental market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,182.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Car Rental Market Scope
Car Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India car rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to car rental market will help companies and investors design strategic landscapes.
Economy cars was the largest segment with a revenue share of 40.98% in 2023. Horizon Databook has segmented the India car rental market based on luxury cars, executive cars, economy cars, suvs, muvs covering the revenue growth of each sub-segment from 2018 to 2030.
India has minimal federal regulation, with states establishing policies for ridesharing. Karnataka’s aggregator guidelines require licensees to ensure minimum driver standards and safety features. Delhi caps surge pricing and sets safety guidelines for TNCs under the City Taxi Scheme.
The Motor Vehicles Act provides basic federal standards for operating electric vehicles. Cities such as Bangalore and New Delhi have launched pilot programs to regulate fleets and parking for electric vehicles.
Several states have drafted EV policies to encourage car rental services. There is no overarching federal regulation for car sharing in India. However, the National Urban Transport Policy Framework promotes car sharing and parking quotas to incentivize car rental.
Reasons to subscribe to India car rental market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India car rental market databook
-
Our clientele includes a mix of car rental market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India car rental market , including forecasts for subscribers. This country databook contains high-level insights into India car rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India car rental market size, by vehicle type, 2018-2030 (US$M)
India Car Rental Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
