What Is the Size of Indonesia Car Rental Industry?
Indonesia’s Car Rental market is growing at a CAGR of ~% in 2017-2022 and is expected to reach $ ~ Bn by 2027F. The Indonesia Car Rental Market is largely driven by the expansion of the tourism industry with rising foreign tourists in Indonesia and on-demand for transportation, the rising internet population in the country, and increasing demand from customers along with government incentives for electric vehicles.
But, the rapid spread of coronavirus across the country and enforced lockdown in country have had a negative impact on the car rental market. Manufacturers operating in the car rental market are recovering from the losses caused due to disturbed services due to halt on transportation activities and travel restrictions. Following the successful recovery of enterprises, automobile rental industry producers are establishing their position in the market. To meet increased consumer demand, major participants in the automobile rental sector are investing and extending their offerings. Also, the rise in consumer disposable income, combined with the influence of a high standard of living and increased spending on luxury travel, is propelling the Indonesian car rental industry.
Indonesia Car rental Market by Market Structure
The Indonesia Car Rental market is segmented by market structure into organized and unorganized market. There is a preference towards the organized sector as most of the tourists look for legal documents and certifications of the vehicle to avoid security patrolling for safety measures.
Indonesia Car rental Market by Type of Vehicles
The Indonesia Car Rental market is segmented by type of vehicles into Small Cars/ Hatchbacks, sedans, SUVs, and others. The demand for economy cars has been steadily growing in the country on account of improving employment opportunities, leading to the growing individual’s ability to spend.
Indonesia Car rental Market by ICE/EV
The Indonesia Car Rental market is segmented by ICE (internal combustion engine) and electric vehicles. There is a preference towards the ICE vehicles as they have been very common and EVs are a new concept and they are expensive also.
Indonesia Car rental Market by Cities
The Indonesia Car Rental market is segmented by cities into Jakarta, Surabaya, Bali, Yogyakarta, and others. with Jakarta being one of the top convention destinations, hence, car rental services offer great market potential in the forecast period.
Indonesia Car rental Market by mode of booking
The Indonesia Car Rental market is segmented by mode of booking into online and offline. With the growing trend of cashless online payments worldwide, Indonesia lacks a cashless mode of payment. Hence, the market growth of the offline mode of booking holds a significant share followed by the online mode of booking.
Indonesia Car rental Market by Client
The Indonesia Car Rental market is segmented by the client into business and leisure. Leisure trips are projected to hold a significant market share with the increasing number of tourist arrivals contributing to increasing the country’s GDP as well.
Indonesia Car rental Market by Pick-Up
The Indonesia Car Rental market is segmented by pick-up into on-airport and off-airport. On-airport holds the market share in Indonesia’s Car Rental Market as people wants to get picked from the airport.
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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