Indian Car Rental Aggregator Market 2012 - Challenges and Growth Opportunities
BRIEF SUMMARY
The car rental aggregator industry took off in 2010 when a large number of startup companies ventured into this business with a goal to alleviate the outstation and within the city commuting problem of people and corporates. It is a sunrise industry that has grabbed the attention of venture capital and PE firms with many startups attracting Angel and Series A funding. The car rental industry is a highly unorganized and fragmented market in India. It is a ubiquitous problem in India for the people to get a good quality car at affordable rates for their outstation or full day city travel plans and for the car operators to ensure that the cars are well utilized to get good returns on their investment on the vehicle. Currently the car utilization rate in the industry is around xx%-xx%. It is this twin problem that this industry is trying to solve.
Since the aggregators follow an asset light model, as they do not own the car, the entry barriers in this market are low. Hence, this industry is expected to witness many new entrants and face intense competition in the future. However, the companies which are early entrants in the industry and successful in establishing their brand value would have an edge over the companies that enter later and are more likely to be successful in this industry. Quality of service and scale of operations are imperative for the success of the companies.
KEY HIGHLIGHTS AND UNIQUENESS OF THE REPORT
PLEASE READ OUR SAMPLE PRESENTATION AND TABLE OF CONTENTS FOR FURTHER INFORMATION
METHODOLOGY
This report is prepared from in-depth primary and secondary research. We have met all the stakeholders including the top management of car rental aggregator companies, drivers, company staff, customers and government authorities for the purpose of our report.
The car rental aggregator industry took off in 2010 when a large number of startup companies ventured into this business with a goal to alleviate the outstation and within the city commuting problem of people and corporates. It is a sunrise industry that has grabbed the attention of venture capital and PE firms with many startups attracting Angel and Series A funding. The car rental industry is a highly unorganized and fragmented market in India. It is a ubiquitous problem in India for the people to get a good quality car at affordable rates for their outstation or full day city travel plans and for the car operators to ensure that the cars are well utilized to get good returns on their investment on the vehicle. Currently the car utilization rate in the industry is around xx%-xx%. It is this twin problem that this industry is trying to solve.
Since the aggregators follow an asset light model, as they do not own the car, the entry barriers in this market are low. Hence, this industry is expected to witness many new entrants and face intense competition in the future. However, the companies which are early entrants in the industry and successful in establishing their brand value would have an edge over the companies that enter later and are more likely to be successful in this industry. Quality of service and scale of operations are imperative for the success of the companies.
KEY HIGHLIGHTS AND UNIQUENESS OF THE REPORT
- This report is the first report on this industry that has in-depth focus on the growth, challenges and potential risks.
- The report provides in-depth analysis of the business model and the revenue model of these companies.
- In order to aid investors, after in-depth analysis we have built the future industry financial estimates and growth in fleet size.
- We have also rated the companies on their popularity to judge the standings of the companies vis-a-vis peers.
- The report also contains our key suggestions to the industry.
- This is a comprehensive 55 pages research report which aims at detailing the revenues models, competition, companies and highlighting the challenges and growth opportunities in detail.
- This report provides information about the current size of the industry in volume and value terms and our future estimates of the same till 2018.
- The report also focuses on potential risks that the industry and companies may encounter in the future.
- If needed by the buyer we can have a one-to-one meeting or a telephonic conversation with them to provide any further clarifications and any update/information required.
- The authors of this report have strong credentials in the field of equity research and industry research and have prepared this research product keeping the mindset of investors in view.
PLEASE READ OUR SAMPLE PRESENTATION AND TABLE OF CONTENTS FOR FURTHER INFORMATION
METHODOLOGY
This report is prepared from in-depth primary and secondary research. We have met all the stakeholders including the top management of car rental aggregator companies, drivers, company staff, customers and government authorities for the purpose of our report.
EXECUTIVE SUMMARY
1.0 OVERVIEW
1.1 Car rental industry is a large unorganized market in India
1.2 Business model
1.3 Revenue model
1.4 Car rental aggregator market –Industry estimates
1.5 Overview of major car rental aggregator companies
1.6 xx and xx are the most popular sites on the internet
2.0 DEMAND DRIVERS & GROWTH OPPORTUNITIES
2.1 Favourable factors for growth
2.2 Rise in foreign tourist arrivals & rise in domestic tourist visits will spur demand
2.3 Airport passengers are major customers for car rental companies
3.0 CURRENT AND POTENTIAL CHALLENGES
3.1 Scalability is the major challenge
3.2 Radio cabs operators Vs Car rental aggregators
3.3 xxx could assist in driving efficiency
4.0 COMPANY PROFILES
4.1 Ola Cabs
4.1.1 Background
4.1.2 Management
4.1.3 Operations
4.1.4 Key strength: Strong focus on xx
4.1.5 Revenue model
4.1.6 Growth strategy
4.1.7 Challenges and potential risks
4.2 Savaari Car Rentals
4.2.1 Background
4.2.2 Car fleet
4.2.3 Management & Directors
4.2.4 Operations
4.2.5 Growth strategy
4.2.6 Challenges and potential risks
4.3 TaxiForSure
4.3.1 Background
4.3.2 Management
4.3.3 Operations
4.3.4 Revenue model
4.3.5 Growth strategy
4.3.6 Challenges and potential risks
4.4 TaxiGuide.in
4.4.1 Background
4.4.2 Management & Directors
4.4.3 Operations
4.4.4 Growth strategy
4.4.5 Challenges and potential risks
4.5 YourCabs
4.5.1 Background
4.5.2 Management & Directors
4.5.3 Operations and revenue model
4.5.4 Growth strategy
4.5.5 Challenges and potential risks
4.6 Bookmycab.com
4.6.1 Background
4.6.2 Management & Directors
4.6.3 Operations
4.6.4 Growth strategy
4.6.5 Challenges and potential risks
4.7 GetMeCab
4.7.1 Overview
4.7.2 Geographical presence
4.7.3 Management
4.7.4 Operations
1.0 OVERVIEW
1.1 Car rental industry is a large unorganized market in India
1.2 Business model
1.3 Revenue model
1.4 Car rental aggregator market –Industry estimates
1.5 Overview of major car rental aggregator companies
1.6 xx and xx are the most popular sites on the internet
2.0 DEMAND DRIVERS & GROWTH OPPORTUNITIES
2.1 Favourable factors for growth
2.2 Rise in foreign tourist arrivals & rise in domestic tourist visits will spur demand
2.3 Airport passengers are major customers for car rental companies
3.0 CURRENT AND POTENTIAL CHALLENGES
3.1 Scalability is the major challenge
3.2 Radio cabs operators Vs Car rental aggregators
3.3 xxx could assist in driving efficiency
4.0 COMPANY PROFILES
4.1 Ola Cabs
4.1.1 Background
4.1.2 Management
4.1.3 Operations
4.1.4 Key strength: Strong focus on xx
4.1.5 Revenue model
4.1.6 Growth strategy
4.1.7 Challenges and potential risks
4.2 Savaari Car Rentals
4.2.1 Background
4.2.2 Car fleet
4.2.3 Management & Directors
4.2.4 Operations
4.2.5 Growth strategy
4.2.6 Challenges and potential risks
4.3 TaxiForSure
4.3.1 Background
4.3.2 Management
4.3.3 Operations
4.3.4 Revenue model
4.3.5 Growth strategy
4.3.6 Challenges and potential risks
4.4 TaxiGuide.in
4.4.1 Background
4.4.2 Management & Directors
4.4.3 Operations
4.4.4 Growth strategy
4.4.5 Challenges and potential risks
4.5 YourCabs
4.5.1 Background
4.5.2 Management & Directors
4.5.3 Operations and revenue model
4.5.4 Growth strategy
4.5.5 Challenges and potential risks
4.6 Bookmycab.com
4.6.1 Background
4.6.2 Management & Directors
4.6.3 Operations
4.6.4 Growth strategy
4.6.5 Challenges and potential risks
4.7 GetMeCab
4.7.1 Overview
4.7.2 Geographical presence
4.7.3 Management
4.7.4 Operations
LIST OF FIGURES
Figure 01: New taxi registrations in India (2006-11)
Figure 02: Business model
Figure 03: Favourable economic indicators —per capita income and GDP growth rate
Figure 04: Foreign tourist arrivals (FTAs) in India (2001-2012P)
Figure 05: Domestic tourist visits to all States/UTs in India (2001-2011P)
Figure 06: Domestic passenger throughput forecasts
Figure 07: International passenger throughput forecasts
Figure 08: Ola cabs –Share capital
Figure 09: Ola Cabs Mobile Application
Figure 10: Savaari –Issued share capital
Figure 11: Savaari –Share holding
Figure 12: TaxiForSure –Share capital
Figure 13: TaxiGuide –Share holding
Figure 14: YourCabs –Share holding
Figure 15: Bookmycab –Issued share capital
Figure 16: Bookmycab –Major Shareholders
Figure 01: New taxi registrations in India (2006-11)
Figure 02: Business model
Figure 03: Favourable economic indicators —per capita income and GDP growth rate
Figure 04: Foreign tourist arrivals (FTAs) in India (2001-2012P)
Figure 05: Domestic tourist visits to all States/UTs in India (2001-2011P)
Figure 06: Domestic passenger throughput forecasts
Figure 07: International passenger throughput forecasts
Figure 08: Ola cabs –Share capital
Figure 09: Ola Cabs Mobile Application
Figure 10: Savaari –Issued share capital
Figure 11: Savaari –Share holding
Figure 12: TaxiForSure –Share capital
Figure 13: TaxiGuide –Share holding
Figure 14: YourCabs –Share holding
Figure 15: Bookmycab –Issued share capital
Figure 16: Bookmycab –Major Shareholders
LIST OF TABLES
Table 01: Leased car revenue model
Table 02: Scenario Analysis of the industry size (Rs billion) based on the utilization rate
Table 03: Comparative analysis of major car rental aggregator companies
Table 04: Popularity of major aggregators on the internet
Table 05: Rise in population in major cities (2001-11)
Table 06: Tiger Global Six India II Holding in Ola Cabs
Table 07: Inventus Capital –Investment
Table 08: TaxiForSure –Major investors
Table 09: TaxiForSure –Fare meter (Bangalore)
Table 10: TaxiGuide –Share capital
Table 11: YourCabs –Major shareholders
Table 12: YourCabs –Fare meter (Bangalore)
Table 13: Bookmycab.com –Preference shareholders
Table 01: Leased car revenue model
Table 02: Scenario Analysis of the industry size (Rs billion) based on the utilization rate
Table 03: Comparative analysis of major car rental aggregator companies
Table 04: Popularity of major aggregators on the internet
Table 05: Rise in population in major cities (2001-11)
Table 06: Tiger Global Six India II Holding in Ola Cabs
Table 07: Inventus Capital –Investment
Table 08: TaxiForSure –Major investors
Table 09: TaxiForSure –Fare meter (Bangalore)
Table 10: TaxiGuide –Share capital
Table 11: YourCabs –Major shareholders
Table 12: YourCabs –Fare meter (Bangalore)
Table 13: Bookmycab.com –Preference shareholders
