Indonesia Car Rental Market, Industry Growth, Analysis and Future Outlook: Ken Research

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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