Indonesia Car Rental and Leasing Market Growth, Size, Trends, Scope, Revenue and Future Outlook
Indonesia Car Rental and Leasing Market Size- By Type, By Rental Duration Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: AMIN23153 | Pages: 1 - 102 | Formats*: |
| Category : Automotive & Transportation | |||
Indonesia Car Rental and Leasing Market Introduction and Overview
According to SPER Market Research, the Indonesia Car Rental and Leasing Market is estimated to reach USD 2.60 billion by 2033 with a CAGR of 16.31%.
The report includes an in-depth analysis of the Indonesia Car Rental and Leasing Market, including market size and trends, product mix, distribution channels, and supplier analysis.The automobile rental and leasing sector includes businesses that rent or lease individual cars, without drivers. A lease agreement or contract governs the leasing of vehicles/automobiles. A leasing agreement is a contract between the lessor and the lessee for future performance. A leasing agreement must be in written and signed by both the lessor and lessee. The lease contract can be signed as either operating or financing leasing.
- CARRO and PT Mitra Pinasthika MustikaTBK inked a contractual agreement in June 2022 to form a strategic alliance. CARRO's SGD 75 million (about USD 55.7 million) investment will result in the firm controlling 50% of PT Mitra Pinasthika MustikaTBK.
- PT Blue Bird Tbk and PT AngkasaPura I officially established a partnership to provide pleasant transportation from JenderalAhmad Yani International Airport to their destinations in Semarang. It is also aligned with Bluebird's objective to materialize mobility as a service that supports the airport's transportation ecology.
Market Opportunities and Challenges
Indonesia Car Rental and Leasing market offers a variety of opportunities and difficulties. On the opportunity side, Due to individual mindsets and societal changes, people are becoming more receptive to traveling light. When traveling, they prefer to rent a car to possess one. This shift in social perception was a factor in the abnormally high demand for rental automobiles. Visitors who arrive in their cars no longer travel to Indonesia. For their travels, tourists are looking for rental automobiles.
Furthermore, Travelers frequently choose to rent a car so they may explore their locations at their own leisure and convenience. Additionally, rental cars are frequently used by business travelers for their transportation requirements while on business travels. Renting a car offers convenience, affordability, and the freedom to select the best vehicles for your needs.
The country's poor infrastructure, notably in terms of road condition and traffic congestion, is a big challenge. Poor road conditions in some areas can cause higher wear and tear on rental vehicles, affecting operators' maintenance expenses. Furthermore, traffic congestion in major cities can cause delays and decreased vehicle use, reducing rental and leasing companies' earning potential.
Another difficulty is the regulatory environment. The Indonesian government has enacted a number of laws and levies pertaining to the car rental and leasing business, which may raise operations costs.
Market Competitive Landscape
Adi Sarana Armada Tbk, Avis Budget Group, Blue Bird Group, Europcar Indonesia, Globe Rent a Car, Indorent (PT Indomobil Multi Jasa), Mitra Pinasthika Mustika Rent, and The Hertz Corporation. These are the major key players for car rental market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Rental Duration Type, By Application |
| Regions covered | Eastern Region, Southern Region, Western Region, Northern Region |
| Companies Covered | Adi Sarana Armada Tbk, Avis Budget Group, Blue Bird Group, Europcar Indonesia, Globe Rent a Car, Indorent (PT Indomobil Multi Jasa), Mitra Pinasthika Mustika Rent, and The Hertz Corporation. |
COVID-19 Impact on Indonesia Car Rental and Leasing Market
The COVID-19 pandemic had an impact on the market examined because of its reliance on Indonesian tourism. Due to the spread of the virus, the sector saw a gradual decline in passenger and tourist traffic, which impacted the demand for automobile rental services. However, after 2021, the tourism sector resumed its development phase, with considerable demand for vehicle rental services.
Key Target Audience:
- Middle Class People
- Budget-Conscious Consumers
- Young Professionals & Students
Our in-depth analysis of the Indonesia Car Rental and Leasing Market includes the following segments:
| By Booking Type: |
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| By Rental Duration Type: |
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| By Application Type: |
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Key Topics Covered in the Report:
- Indonesia Car Rental and Leasing Market Size (FY’2023-FY’2033)
- Overview of Indonesia Car Rental and Leasing Market
- Segmentation of Indonesia Car Rental and Leasing Market By Booking Type (Online, Offline)
- Segmentation of Indonesia Car Rental and Leasing Market By Rental Duration Type (Short, Long Term)
- Segmentation of Indonesia Car Rental and Leasing Market By Application Type (Tourism, Commuting)
- Statistical Snap of Indonesia Car Rental and Leasing Market
- Expansion Analysis of Indonesia Car Rental and Leasing Market
- Problems and Obstacles in Indonesia Car Rental and Leasing Market
- Competitive Landscape in the Indonesia Car Rental and Leasing Market
- Impact of COVID-19 and Demonetization on Indonesia Car Rental and Leasing Market
- Details on Current Investment in Indonesia Car Rental and Leasing Market
- Competitive Analysis of Indonesia Car Rental and Leasing Market
- Prominent Players in the Indonesia Car Rental and Leasing Market
- SWOT Analysis of Indonesia Car Rental and Leasing Market
- Indonesia Car Rental and Leasing Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Indonesia Car Rental and Leasing Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Indonesia Car Rental and Leasing Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Indonesia Car Rental and Leasing Market
7. Indonesia Car Rental and Leasing Market, By Booking Type (USD Million)
7.1. Indonesia Car Rental and Leasing Market Value Share and Forecast, By Booking Type, 2023-20337.2. Online7.3. Offline
8. Indonesia Car Rental and Leasing Market , By Rental Duration Type, (USD Million)
8.1. Indonesia Car Rental and Leasing Market Value Share and Forecast, By Rental Duration Type, 2023-20338.2. Short8.3. Long-term
9. Indonesia Car Rental and Leasing Market , By Application Type (USD Million)
9.1. Indonesia Car Rental and Leasing Market Value Share and Forecast, By Application Type, 2023-20339.2. Tourism9.3. Commuting
10. Indonesia Car Rental and Leasing Market Forecast, 2019-2033 (USD Million)
10.1. Indonesia Car Rental and Leasing Market Size and Market Share
11. Indonesia Car Rental and Leasing Market, By Booking Type, 2019-2033 (USD Million)
11.1. Indonesia Car Rental and Leasing Market Size and Market Share By Booking Type (2019-2026)11.2. Indonesia Car Rental and Leasing Market Size and Market Share By Booking Type (2027-2033)
12. Indonesia Car Rental and Leasing Market, By Application Type, 2019-2033 (USD Million)
12.1. Indonesia Car Rental and Leasing Market Size and Market Share By Application Type (2019-2026)12.2. Indonesia Car Rental and Leasing Market Size and Market Share By Application Type (2027-2033)
13. Indonesia Car Rental and Leasing Market, By Application Type, 2019-2033 (USD Million)
13.1. Indonesia Car Rental and Leasing Market Size and Market Share By Application Type (2019-2026)13.2. Indonesia Car Rental and Leasing Market Size and Market Share By Application Type (2027-2033)
14. Indonesia Car Rental and Leasing Market, By Region, 2019-2033 (USD Million)
14.1. Indonesia Car Rental and Leasing Market Size and Market Share By Region (2019-2026)14.2. Indonesia Car Rental and Leasing Market Size and Market Share By Region (2027-2033)14.3. Eastern Region14.4. Southern Region14.5. Western Region14.6. Norther Region
15. Company Profile
15.1. Adi Sarana Armada Tbk15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Avis Budget Group15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Blue Bird Group15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Europcar Indonesia15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Globe Rent a Car15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Indorent (PT Indomobil Multi Jasa)15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Mitra Pinasthika Mustika Rent15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. The Hertz Corporation15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Indonesia Car Rental and Leasing Market is projected to reach USD 2.60 billion by 2033, growing at a CAGR of 16.31% during the forecast period.
Indonesia Car Rental and Leasing Market grew in market size from 2023. The Market is expected to reach USD 2.60 billion by 2033, at a CAGR of 16.31% during the forecast period.
Indonesia Car Rental and Leasing Market CAGR of 16.31% during the forecast period.
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Indonesia Car Rental and Leasing Market size is USD 2.60 billion from 2023 to 2033.
Indonesia Car Rental and Leasing Market Segment is Covered By Type, By Rental Duration Type, By Application
The Asia-Pacific region is anticipated to have the highest market share in Indonesia Car Rental and Leasing Market.
The key players in the market include Companies Covered Adi Sarana Armada Tbk, Avis Budget Group, Blue Bird Group, Europcar Indonesia, Globe Rent a Car, Indorent (PT Indomobil Multi Jasa), Mitra Pinasthika Mustika Rent, and The Hertz Corporation.
The automobile rental and leasing sector includes businesses that rent or lease individual cars, without drivers.
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