Thailand Ride Sharing App Downloaded, Research Report Car Rental Market, Car on Rent - PowerPoint PPT Presentation

Loading...

PPT – Thailand Ride Sharing App Downloaded, Research Report Car Rental Market, Car on Rent PowerPoint presentation | free to download - id: 87e7d9-MTQ2Z



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Thailand Ride Sharing App Downloaded, Research Report Car Rental Market, Car on Rent

Description:

Thailand Car Rental Market Outlook to 2021 - Increasing Traffic Congestion and Rising Number of Corporate Clients to Amplify the Market Growth.. Source: Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com – PowerPoint PPT presentation

Number of Views:8
Slides: 13
Provided by: kenrsearch12
Category: Other

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Thailand Ride Sharing App Downloaded, Research Report Car Rental Market, Car on Rent


1
Thailand Car Rental Market Outlook to 2021
  • Ken Research

2
Thailand Car Rental Market Outlook to 2021
Thailand Car Rental Market Outlook to 2021 -
Increasing Traffic Congestion and Rising Number
of Corporate Clients to Amplify the Market
Growth" covers car rental market size on the
basis of revenues and fleet size, segmentation on
the basis of organized and unorganized market,
chauffeur and non-chauffeur driven market,
business and leisure trips, online and offline
booking, corporate and retail clients and
on-airport and off-airport clients. It includes
the cab aggregator market analysis, its
segmentation on the basis of revenues by business
and leisure trips, on-airport and off-airport
clients and online and offline booking.
3
Thailand Car Rental Market Outlook to 2021
The report also includes the rules and
regulations implied by the government on the car
rental companies, how a rental contract works in
the market and competitive landscape and company
profiles for major players in the car rental and
cab aggregator market. The report provides a
snapshot on the car sharing, carpooling and other
vehicle rental market in the country. It also
gives a detailed overview on the future outlook
and projections with future strategies of the
players in the market. The report is useful for
prospective customers, car rental companies, cab
aggregators, carpooling and car sharing companies
and other stakeholders to plan their market
centric strategies in accordance with the ongoing
and expected trends in the future.
4
Thailand Car Rental Market Outlook to 2021
Industry OverviewThailand car rental market has
showcased a consistent growth trend during the
review period, 2011-2016 at a CAGR of in terms
of revenue generated from the trips. Major
factors that augmented growth in the market are
the increasing rate of international and domestic
tourist arrivals, increasing traffic congestion,
rising working population and similar other
factors.
5
Thailand Car Rental Market Outlook to 2021
Market SegmentationIn terms of revenue
generation, Thailand car rental market has been
dominated by the organized players that held a
share of in 2016, followed by the unorganized
players with a share of . In 2016, the
non-chauffeur driven market has dominated the car
rental market with a share of as against the
chauffeur driven services with a larger
preference from the major retail clients that are
tourists. In terms of revenue, leisure trips
dominated the car rental market in 2016 that held
a share of in 2016. With a share of in
terms of revenue Bangkok leads the market in
comparison to the regions such as Pattaya, Phuket
and others as of 2016 that held a share of ,
and respectively in 2016. In the chauffeur
driven services, off-airport trips dominate the
market with a share of as of 2016.
6
Thailand Car Rental Market Outlook to 2021
Competitive Landscape of Thailand Car Rental
MarketThailand car rental market is highly
fragmented with the presence of number of players
in the market. There are nearly organized car
rental companies including both domestic and
international players and there are few other
small car rental companies with less than 20
fleets in Thailand. These companies are competing
against each other on the basis of price per day,
business and retail customers, deposit amount,
type of fleets, maximum rental period and such
other parameters. The major players in the market
are Thai rent A Car, Avis, Hertz, Sixt, Budget,
Europcar, Chic Car Rent and others.
7
Thailand Car Rental Market Outlook to 2021
Future PotentialCar Rental market in Thailand
is expected to grow at a CAGR of 10.72 in terms
of revenue during the forecast period, 2017-2021.
The growth in the market shall be triggered by
the increasing number of tourists, increased
focus of car rental on corporate clients,
increasing fleet size, raising the number of both
on-airport and off-airport locations by the car
rental companies and similar other factors.
Government initiatives to reduce the carbon
emissions are expected to include more of
hybrid-electric vehicles (HEVs), plug-in hybrid
vehicles (PHEVs) and battery electric vehicles in
the car rental fleets. The rental rates for the
electric vehicles shall be higher than the
gasoline based vehicles as its retail price is
high.
8
Thailand Car Rental Market Outlook to 2021
Thailand Cab Aggregator MarketIn Thailand, cab
aggregator market was established in 2013. The
cab aggregator services are commonly known as
ride sharing services. The players in the market
have faced several regulatory challenges when
they have entered the market, but they have
managed to gain popularity among Thai public and
tourists in the major tourist centers of
Thailand. The market grew at an average growth
rate of from 2013-2016. In terms of revenue
generation the market is dominated by off airport
clients that held a share of followed by the
on-airport clients with a share of in 2016.
The market is expected to grow on the basis of
factors such as increased demand from the
tourists as well as corporate clients, increasing
traffic, cheaper rides than car rental companies
and similar factors at a CAGR of during the
forecast period 2017-2021.
9
Thailand Car Rental Market Outlook to 2021
Carpooling MarketCarpooling has started to
become an organized market in recent years.
Bangkok is the second-most congested city in the
world, with almost million private passenger
cars on the road. This has developed an
opportunity for the existing car rental and cab
aggregator companies in the country to experiment
a car pooling or ride sharing segment to their
business model for the country.
10
Thailand Car Rental Market Outlook to 2021
Car Sharing MarketIn Thailand, major reasons
which have augmented the growth in car sharing
market are its cost saving aspect for the renter,
convenience of location and use and a guaranteed
parking. Car sharing has been introduced in the
country in 2016. In August 2016, a company called
Haupcar has pioneered B2C car sharing services in
Thailand. Car sharing services are available in
the major cities of Thailand such as Bangkok.
Bangkok's traffic, disconnected transport modes
and rapid urbanization have triggered the
establishment of various smartphone-based taxi
service providers in recent years.
11
Thailand Car Rental Market Outlook to 2021
Source https//www.kenresearch.com/automotive-tra
nsportation-and-warehousing/automotive-and-automot
ive-components/thailand-car-rental-market/137098-1
00.htmlContact UsKen ResearchAnkur Gupta,
Head Marketing Communicationsankur _at_
kenresearch.com91-9015378249www.kenresearch.com
 
12
Thank You
About PowerShow.com