GURUGRAM, India, Feb. 7, 2019
GURUGRAM, India, Feb. 7, 2019 /PRNewswire/ --
Utilization of rental and leased vehicles for executing jobs in app based taxi market, increase in tourism in the country due to the roll-out programme for eVisas in South Africa and the low valuation of Rand, rising number of middle income families and the improving economic scenario are some key factors that are expected to drive South Africa car rental and leasing market. The percentage share of offline bookings in the car rental and leasing market will constantly decline and by 2023, online bookings are expected to have the major share in the market. In the long run, logistics and courier companies are expected to continue to be the major end user, followed by the mining company executives.
A huge drop in the growth rate is expected as even though the online cabs have been expanding at a tremendous rate till now, they are expected to reach a saturation point in the near future. Their growth will also be restricted by the low paying capacity of most of the people in the country. The number of rides is expected to register constant growth as companies expand their presence to more cities. The online cab aggregator companies may also introduce the concept of share rides in the country, which is already functional in more developed markets around the globe.
Analysts at Ken Research in their latest publication "South Africa Car Rental and Leasing Market Projections to 2023 - By Business Model (Self Drive, Cab Aggregator, Car Leasing, Minibus Taxi, Metered Taxi and Airport Transfers) and By End User (Mining, Logistic & Courier and Others)" believe that greater flexibility in car hiring system by corporate booking and long term leasing services companies, strict implementation of rules for governing taxi market, better access to internet services at reasonable rate, promotion of ride sharing, provision of more value added services, improvement in driver and rider safety and tie- ups and collaborations between different companies will aid the car rental and leasing companies and cab aggregators to grow and achieve higher profits.
Key Segments Covered
South Africa Car Rental and Leasing Market
By Business Model
By Type of Booking
By Type of End Users
South Africa Cab Aggregator Market
Car Rental and Leasing Companies:
For more information on the market research report please refer to the link below:
The report titled provides a comprehensive analysis of car rental market introduction and genesis, market size by revenue and by fleet, chauffer driven car rental market, App based cab aggregator market, self drive car rental market.
The report also provides data points on Russia Car Rental market by type (Chauffer driven car rental and taxi service, app based cab aggregator and self driven car rental), by region (Moscow Region, St. Petersburg Region, Cities with Population more than 1 million, Cities with Population Between 0.5-1 Million and Others), by on air port and off airport, App based taxi aggregator by type of car (budget, comfort and executive), Self drive car rental by type of booking (online and offline), by type of demand (business, leisure and insurance replacement) along with company profile of major players in Chauffer driven car rental (Lingotaxi, Logitaxi, Kiwitaxi, Maxim, Vezyot, Citymobil), Self drive car rental company (Hertz, Avis, Europcar, Sixt, EleksPolys, Delimobil, Belka car and Other), App Based Cab aggregator (Yandex, Gett, Altocar, Indrive, and Wheely). The report also covers SWOT analysis, Rules and regulation, snapshot on Karshering and Illegal taxi (Gypsy cabs) along with analyst recommendation and macroeconomic variables.
Kuwait Vehicle Leasing Market Outlook To 2023 - By Vehicle Type (SUV/MUV, Sedan, Pickups and Luxury Segment) and By End Users (Oil & Gas, Government, Construction, Logistics and Transportation, Telecom and Electrical and Others)
The report provides a comprehensive analysis of the long term vehicle leasing market in Kuwait. The report covers market size of Kuwait long term vehicle leasing market in terms of revenue and fleet size, segmentation on the basis of end users (Oil & Gas sector, Government sector, Construction, Logistics and Transportation and others), by regions (Southern, Central, Northern region), by type of vendor (Vehicle dealer and Vehicle leaser), by Duration of lease (One year, two years, three years and four year and above) on the basis of fleet size. The report also covers car leasing eco-system from demand side and supply side, trends and developments, regulatory scenario and a case study on 'Automak' company and its success factors and key operation metrics. Competitive landscape of the industry and comprehensive profile of leading players (Automak, Aayan Auto, Al Sayer, Al Mulla, Sefeena, KGL, Autolease and others), Market share of major players in the market, competition success factor have been covered in the report. The report also cover future outlook by revenue, fleet size and weighted average pricing of vehicle leasing services annually, future segmentation by regions and by end user along with vendor type and analyst recommendations.
Saudi Arabia Car Leasing market include the sum total of contract value generated from the LCVs (including light trucks upto 10 ton) and passenger vehicle leasing to retail and corporate customers for a period of more than 1 year. The leasing fleet provided by car rental and car dealer companies has been considered. The contract value has been computed on an accrual basis. For instance, if a contract is signed for a period of three years, then in a particular year only the one year contract value has been considered.
The report provides a comprehensive analysis of the organized and unorganized, chauffer driven and non-chauffer 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.
The report titled "Vietnam Car Rental Market Outlook to 2021 - Rising Tourism and Trend of Mobile Booking for Rental Cars to Drive Market" focuses on the organized and unorganized, chauffer driven and non-chauffer driven car rental segments. The report covers aspects such as car rental market by its key segments including off-airport and on-airport demand, 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 reports also provides in depth analysis of the cab aggregator market including detailed company profiles of the stakeholders. Furthermore, the report includes snapshots on carpooling market, bike, bus, van and coach rental market in Vietnam. The future analysis of overall Vietnam Car Rental Market has also been discussed along with recommendations from analyst view.
Head Marketing, Ken Research Private Limited