Thursday, February 9, 2023

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Automotive, Transportation and Warehousing Automotive and Automotive Components Russia Car Rental Market Future Outlook: Ken Research

Russia Car Rental Market Future Outlook: Ken Research

The report titled “Russia Car Rental Market by Type (App Based Taxi Aggregator, Self-Drive Rental Car, Chauffer Driven Rental and Taxi Services), and by Off-Airport On-Airport Outlook To 2022″ 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 airport 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.

The report is useful for car manufacturing companies, taxi companies, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Russia Car Rental Market Size and Overview

Market Size: Taxi business in Russia is moving towards the organized sector with increasing participation of drivers opting for registered taxis and permits. Post 2014, using a taxi in Moscow has become ~% cheaper and the estimated average waiting time is reduced to ~ minutes in 2017. The car rental market size has increased from USD ~billion in 2012 to USD ~ billion in 2017. Growth was highest in 2016 when the three major companies Yandex Uber and Gett were competing with each other to gain more market share. The estimated number of taxis during the same period increased from ~ thousand to ~ thousand. Growth in App based market was highest.

Request for Sample Report: – https://www.kenresearch.com/sample-report.php?Frmdetails=MTQyNzk5

Market Segmentation: Car rental in Moscow generated estimated revenue of USD ~ million in 2017. St.Petersburg was second largest market with more than ~ taxis generating revenue of USD ~ million. Cities with more than a million-population generated USD ~ million in 2017. Medium sized cities with population between ~ million generated USD ~ million and had more than ~ thousand legal taxis plying on the road. Cities with less than ~ million people had very little demand for taxis generating estimated revenue of ~ million with approximately ~ thousand registered commercial cars. On-airport demand for taxis was among the largest business segment generating estimated revenue of USD ~ million through ~ million taxi bookings.

Russia Chauffer Driven Car Rental and Taxi Services Market

Market Size: The market size increased from USD ~ billion in 2012 to USD ~ billion 2017 registering a five-year CAGR of ~%. Growth was mainly on account of legalization of taxi business in Moscow and other major cities. Citymobil and Vezyot were leading dispatcher taxi service providers in the country. Airport transports contributed the major part of high value taxis transports. Corporate booking for transporting company officials contributed the majority of long-term chauffer driven rental.

Market Segmentation: Tour operator services generally cater the domestic and international tourists. Large Corporation especially those associated with manufacturing, surveying and project-based work engage the services of transport companies to provide long term rental. Dispatcher taxi companies mainly serve the purpose of connecting cars of many taxi services with the customer. Vezyot, which is Russia’s largest taxi firm, carried out ~ million rides across 120 cities in October 2017. Ride sharing market in Russia is on rise.

Future Outlook: It is expected that market for chauffer driven car rental and dispatcher taxi service will decline from USD ~ billion in 2018 to USD ~ billion in 2022. Long term and short term rental car market will largely be able to retain their market. However it is expected that majority of the transactions will move online. Majority of the dispatcher service business will be converted into app-based cab booking service. Demand for domestic tourism is on rise in Russia and it is expected to maintain the momentum in future as well. Fifa world cup 2018 is expected to boost both domestic and international tourist movement in 2018.

Russia App Based Taxi Aggregator Market

Cab aggregators provide the technology platform for the users to book cabs via app and charge the drivers/ car owners a commission fee (~%) of the ride amount on every ride taken through their application. The market size for app based taxi aggregator increased by more than 1,100 times from USD ~ million in 2012 to USD ~ million 2017 and registered a five year CAGR of ~%. Yandex Taxi (Combined Entity with Uber), Gett were major players in this market.

Economy cars allow upto 4 passengers make it ideal for both individuals as well as families its low cost of travel and much better facilities make it command a staggering ~% market share by revenue. Comfort class was second most popular segment followed by executive. Yandex was the largest player in Russia online cab aggregator market. In 2017, it commanded an estimated market share of ~% in Russia cab aggregator business. Gett share was estimated at ~% of the total market on the basis of gross value for booking cabs through app. Other car companies contributed ~% of the revenue which mainly included Wheely, Indrive, and Altocar.

The app-based cab aggregator market is expected to grow from USD ~million in 2018 to USD ~ million in 2022 registering a five-year CAGR of ~%.

Russia Self Drive Car Rental Market

An estimated ~ are available for rent in self-drive car rental format. The number of cars declined from ~ in 2012 to ~in 2017. Stiff competition, price war and improving substitute services were the main reason for decline.

Revenue from online booking in self-drive car rental market has increased from USD ~ million in 2012 to USD ~ million in 2017). Decline in share of offline booking was mainly on account of increased penetration of internet, ease of payment through online mode and exciting offers which can be availed by online booking. Demand from business segment was highest and accounted for ~% of the business it was followed by leisure and insurance replacement.

Hertz was the largest self-drive international car rental company in Russia in 2016. Other major car rental companies include delimobile, Naprokat, Easyride, Belka, Sixt, Europcar, EleksPolyus and others

The market for self-drive car is expected to remain near constant with revenue generation increasing from USD ~ million in 2018 to USD ~ million in 2022. Revenue generation may increase drastically if karshering becomes a popular trend in Russia which offers car on per minute rental.

Future Outlook to Russia Car Rental Market

Market for car rental in Russia is expected to grow from USD ~ billion in 2018 to USD ~ billion in 2022 registering a five-year CAGR of ~%. Technology is expected to have very deep impact on the car rental market and it is expected that car rental services will undergo a major overhaul in next few years. Share of illegal taxis will decline to minimum, regulations governing the taxi market will become clearer and the market will become more user friendly due to improvement in technology and connectivity. Online and app-based car rental will gain significant market whether it is in cab aggregator business or in self-drive car rental market. Development and use of driverless cars are another concept on which work is in progress with significant developments.

Key Topics Covered in the Report

  • Russia car rental market introduction
  • Russia car rental market size
  • Russia car rental market segmentation by region
  • Russia car rental market segmentation by on-airport and off-airport.
  • Russia chauffer driven car rental market size by revenue.
  • Russia chauffer driven car rental market segmentation by type (Tour Operator, Log term company leasing, dispatcher service and Ride sharing services).
  • Russia chauffer driven car rental market future outlook.
  • Russia App based Taxi Aggregator Market Size
  • Russia App based Taxi Aggregator market segmentation by type (Economy, comfort and executive) of car booking.
  • Market share of major player (Yandex, Gett and others) in Russia App based Taxi Aggregator market
  • Russia self-drive car rental Market Size
  • Russia self-drive car rental market segmentation by type of booking (online and offline) and type of demand (Business, Leisure, and insurance replacement).
  • Market share of major player (Hertz, Europcar, Avis, Sixt, Elekspolyus and other) in Russia self-drive car rental market.
  • Rules and regulations in Russia car rental market
  • Growth drivers in Russia car rental market
  • SWOT analysis
  • Snapshot on Illegal taxi market
  • Future Outlook to Russia Car rental Market
  • Analyst Recommendation
  • Macro economic factors affecting Russia car rental Market

For More Information, Click on the Following Link: –

Russia Car Rental market Revenue

Related Report: –

Indonesia Car Rental Market Outlook to 2021 – Rising Tourism and Growing Middle Class Population to Foster Future Growth

Contact Us: –

 Ankur Gupta, Head Marketing & Communications

Support@kenresearch.com

+91-9015378249

RELATED ARTICLES

The EV Charging equipment market is growing rapidly, owing to New Manufacturing Plants in the Kingdom and the Entry of new market players: Ken...

Buy Now Driven by an increased focus on sustainability, and government initiatives, the EV Charging equipment market in KSA has ample growth potential in the...

India EV Charging Equipment Market Revenue is expected to grow at a CAGR of 25.2% from 2021 to 2026: Ken Research

Buy Now 1. Charging infrastructure in India is currently quite underdeveloped but has huge potential in the near future owing to increasing EV deployment in...

The Market Shares Of Automotive Lubricants And Industrial Lubricants In Nigeria Lubricants Market Is Expected To Remain Fairly Stagnant And The Market Size For...

Buy Now Nigeria Lubricants Market Ecosystem The Nigeria Lubricants market is moderately fragmented with major global and national players occupying almost half of the market. The...

Most Popular

Morocco is witnessing the growth in the adoption of digital services such as cloud, big data, and IoT, which are driving the demand for...

Buy Now Driven by digital transformation and increasing reliance on technology, the data center market in Morocco has ample growth potential in the coming years. The...

Oman Car Finance Market Is Expected To Grow At A Robust CAGR, Owing To The Growing Digital Advancements And Increasing Number Of Finance Aggregators:...

Buy Now Oman Car Finance Market Oman Car Finance Market is in the growing stage, owing to the increasing interest of people towards owning a vehicle,...

Emerging Green Car Loans and Growing Digital Advancements are driving Singapore’s Auto Finance Industry: Ken Research

Buy Now More than half of all sales in the Singapore Automotive Industry are of used vehicles, owing to the country's high cost...

Oman Mattress Market is expected to grow at a robust CAGR, owing to the increasing disposable income and rising awareness about healthy lifestyles: Ken...

Buy Now Oman Mattress Market is in the growing stage, owing to the increasing disposable income, increasing urbanization and a rise in awareness about healthy...