India Car Rental Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 14.5% (2025-2033)

India diverse geographical landscape and growing tourism industry are driving the growth of the car rental market. According to the latest report by IMARC Group, The India car rental market size reached USD 2,742 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 9,287 Million by 2033, exhibiting a growth rate (CAGR) of 14.5% during 2025-2033. 

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India Car Rental Industry Trends and Drivers:

The car rental market in India is growing rapidly. This growth comes from changing travel habits and a need for easy transportation. One major trend is the rise of online car rental platforms. These platforms provide a smooth booking process, competitive prices, and many vehicle choices. This shift to digital services has made car rentals more accessible and affordable, attracting more customers. Urbanization and traffic jams in big cities are pushing more people and businesses to rent cars instead of owning them. The growing middle class has higher disposable incomes and is spending more on travel and leisure. This trend boosts demand for car rental services.

Several factors are driving the growth of the car rental market. The booming tourism sector, both domestic and international, is a major contributor. Travelers often prefer renting cars to explore destinations at their own pace. Also, the corporate sector plays a big role. Businesses now depend more on car rentals for employee transport, client meetings, and travel needs. Government efforts to enhance road infrastructure and connectivity are vital for industry growth. Also, the range of rental options, like self-drive and chauffeur services, caters to different customer preferences and budgets. This variety helps the market expand.

India Car Rental Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India car rental market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

The report has segmented the market into the following categories:

Breakup by Booking Type:

• Offline Booking
• Online Booking

Breakup by Rental Length:

• Short Term
• Long Term

Breakup by Vehicle Type:

• Luxury
• Executive
• Economy
• SUVs
• Others

Breakup by Application:

• Leisure/Tourism
• Business

Breakup by End-User:

• Self-Driven
• Chauffeur-Driven 

Breakup by Region:

• South India
• North India
• West & Central India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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