Business

“Introduction of government policies (Scrappage Programme) coupled with shift in customer preference towards Captive Dealers for purchasing used vehicles have driven the Taiwan Used Vehicle Market”.

The report titled “Taiwan Used Vehicle Market Outlook to 2025 – By Type (Sedans, SUV’s, Hatchbacks, MPVs, LCVs and Others), By Vehicle Age, By Cities, By Organized and Unorganized, By Brand (Toyota, Mitsubishi, Honda, Nissan, Mercedes Benz, Mazda and Others), By Distance Driven and By Price Range” by Ken Research suggested that the Taiwan Used Vehicle Market has been increasing due to surge in average disposable income per capita coupled with faster car replacement rate and introduction of government policies to offer subsidy on purchase of new vehicles. The market is expected to register a positive CAGR of 4.8% in terms of sales volume during the forecast period 2018-2025.

Government’s Scrappage Program: Taiwanese Government has initiated a scrappage programme in the year 2016 to promote the sale of new cars by providing subsidy of NTD 50,000 on purchase of new car and discarding/exporting vehicles older than 6 years has given rise to the sales volume of used cars in Taiwan. The scrappage program has been quite successful, as it has led to around 30% of new vehicle purchases in the year 2016, which shows it was an effective strategy. The sale of new vehicles in the country has positively impacted the used vehicle market in Taiwan as it has led to faster replacement period of a vehicle.

Faster Replacement Age of Vehicles: The average replacement rate of used vehicle in Taiwan is growing over the years from 3.5 years in 2013 to 3.4 years in 2018, largely due to the high resale value a seller gets on replacing a vehicle between 2-4 years of vehicle age. The dealership outlets keep replacing the cars with the fast moving models so as to ensure higher margins on the sale of such cars. The value of a new car depreciates 20% in the first year followed by a depreciation of 5% each year henceforth.

Strong Presence of Online Platform and Emergence of Captive Dealers: Strong reach of online platforms and the facility to provide inspection check and certificate of original cars by captive dealers has instill a sense of security in the mind of consumers and  has largely helped organized dealers to gain traction in the market.  Moreover, additional services provided by online platforms and captive dealers includes financial consultation and transfer of registration certificate on buying a used car has lessen the burden of consumers and has positively impacted the used vehicle market in the country.

Key Segments Covered:-

By Distribution Channel

Organized Players

Unorganized Players

By Organized Players

Multi-Brand Dealers

Captive Dealers

Auction Dealers

By Type of Vehicle

Sedans

SUV’s

Hatchbacks

MPVs

LCV’s

Others

By Vehicle Age

0-2 Years

2-4 Years

4-6 Years

More than 6 Years

By Cities

Taichung City

New Taipei City

Taoyuan City

Koahsiung City

Taipei

Tainan

Hsinchu

Others

By Price

Less Than NTD 150,000

NTD 150,000- NTD 250,000

NTD 250,000- NTD 550,000

NTD 550,000- NTD 750,000

More Than NTD 750,000

By Distance Driven

Less than 5,000 kms

5,000- 20,000 kms

20,000-50,000 kms

50,000- 80,000 kms

80,000- 120,000 kms

Above 120,000 kms

By Brand

Toyota (Lexus)

Mitsubishi

Honda

Nissan

Mercedes Benz

Mazda

Others

Key Target Audience:-

OEM’S Companies

Multi Brand Dealers

Captive Dealers

Venture Capitalist Firms

Government/ Regulatory Authorities

Online Auto-Classifieds

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019F-2025F

Companies Covered:-

Major Online Players in Taiwan

8891.com

All Best Choice

Major Captive Dealers

Lexus Toyota

Jaguar Approved

Mitsubishi MPO

Ford Assured

Audi Approved Plus

Das Welt Auto

Land Rover

Porsche Approved

Multi-Brand Dealers

SUM

SAVE

Hot Car

Car OK

For more information, refer to below link:-

Taiwan Used Vehicle Market

Related Reports:-

Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales

China Used Vehicle Market Outlook to 2022 – by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

The report titled “South Korea Cold Chain Market Outlook to 2023 – By Cold Storage (Ambient, Chilled and Frozen Warehousing) and Cold Transport (Land, Sea, and Air), By Application (Dairy Products, Fruits and Vegetables, Meat and Seafood, Pharmaceuticals and Others) and By Ownership (Integrated and Third Party Logistics)” provides a comprehensive analysis of the cold chain market in South Korea. The report covers various aspects including overview and market size, market segmentation, stakeholders, value chain analysis, major players, competitive landscape, end-user potential in the cold chain industry and more. It also covers growth drivers, trends and developments, issues and challenges in the cold chain market along with the regulatory framework of the industry and SWOT. The report concludes with market projection for the various segments and analyst recommendations highlighting the major opportunities and cautions for the cold chain market.

South Korea Cold Chain Market Overview and Size

The market was observed to be at a growing stage owing to the increasing dependence of the country on imports of fruits and vegetables to meet its food requirements coupled with the rise of 3PL’s and active participation by the pharmaceutical industry in the country. The growing the prominence of e-commerce coupled with the rise in consumer demand for perishable foods and expansion of food retail chains by multinationals have augmented the growth of the cold chain industry over the years. Increasing government investments in logistics infrastructure and warehouse management systems along with technological advancements in packaging, processing, and storage of seafood products are anticipated to drive future growth.

South Korea Cold Chain Market Segmentation

By Type of Market (Cold Storage and Cold Transport): The rising consumption of refrigerated products such as meat, seafood, fruits, and vegetables, dairy among others in the country are the major users of cold storage facilities which require cold transport facilities in order to be transported to the storage warehouses and then finally to the end-users, thus augmenting the growth of the cold chain industry in the country.

By End-User Application (Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, Dairy Products, Bakery and Confectionery, and Others): Meat and seafood industry was analyzed to account for the majority share in terms of revenue in 2018. Active participation by the pharmaceuticals industry in recent years has positively impacted the cold chain industry in South Korea and contributed the second-highest revenue share followed by other categories such as Fruits and Vegetables, Dairy products, Bakery and Confectionery and Other products.

By Ownership (Owned and Third Party Logistics (3PL) Warehouses):

The Third Party Logistics (3PL) facilities dominated the Cold Chain market in South Korea, due to the increasing number of 3PL operators providing a wide variety of integrated services which are opted by cold chain operators as the cost of establishing cold storage warehouses and maintaining the fleet for refrigerated transportation is significantly high in the country.

South Korea Cold Storage Market Segmentation

By Temperature Range (Ambient, Chilled and Frozen): Out of the three temperature ranges, chilled storage was observed to be the leading contributor to the revenue of the cold storage industry owing to the huge demand for meat and seafood, pharmaceuticals and other processed foods in the country. The remaining revenue was contributed by ambient and frozen storages.

By Region (North, Central, and South): The northern region comprising of cities such as Seoul and Incheon was analyzed to account for the highest share in the revenue of the cold storage the market as it acts as a hub due to the developed infrastructure and highest population in the region. The central region contributed the second-highest share which was followed by the Southern region including Busan and more.

South Korea Cold Transport Market Segmentation

By Mode of Transport (Land, Sea and Air): Cold transport through the land contributed the highest revenue to the cold transport industry due to the excellent road infrastructure and connectivity in the country. Sea and air transport accounted for the remaining share in the industry.

By Mode of Land Transport (40 Footer Reefers, 20 Footer Reefers, and Others): Among the land transport facilities available in the country, the 40 footer reefers are the most commonly used ones because of cold transport business except the last mile delivery is usually done in bulk and the capacity of the truck in metric tons is much higher as compared to other reefers. The remaining share was captured by 20 Footer Reefers and others including 6 wheelers, 8 wheelers, and 10 wheelers.

By Location (Domestic and International): Cold transportation to domestic markets accounted for the majority of the revenue of the cold transport industry due to the reliance of the country on imports for its food requirements. International cold transport contributed a meager share to the revenue of the industry as very few products such as seafood and pharmaceuticals are exported.

Competitive Landscape in South Korea Cold Chain Market

The South Korea cold chain market is fragmented in nature with the presence of multiple domestic and international players, organized 3PLs and unorganized small players operating in the market. Companies were observed to compete with each other on the basis of parameters such as warehousing space, temperature range, price, location and the provision of another value-added service. Major players in the cold chain market include Lotte Logistics, CJ Logistics, Dongwon Industrial, Borim Logistics, Dongbu Express, Hansol Logistics, DB Schenker, Daelim Corporation, GS Global, DHL, Ottogi Logistics, Pantos Logistics, and Others.

South Korea Cold Chain Market Future Outlook and Projections

In the future, it is anticipated that South Korea Cold Chain market in terms of revenue will increase at a double-digit CAGR of 13.6% during the period 2018-2023E. The constantly rising demand for products such as meat and seafood, dairy products, fruits and vegetables and other frozen and processed foods in the country coupled with the active participation of the pharmaceutical the sector, increase in government initiatives to develop the logistics infrastructure is expected to propel the growth of the cold chain industry in the country. Additionally, increasing adoption of warehouse automation technologies such as EDI, RFID, AS/AR and others are expected to improve operational efficiency of South Korea cold chain market over the forecast period 2018-2023E.

Key Segments Covered:-

By Type of Market

Cold Storage

By Temperature

Frozen

Chilled

Ambient

By Region

North

Central

South

Cold Transport

By Mode of Transport

Land

Sea

Air

By Location

Domestic

International

By Mode of Land Transport

40 Footer reefers

20 Footer reefers

Others (6, 8, 10 wheelers and more)

By Vicinity

Inter-city

Intra-city

By End-User Application

Meat and Seafood

Fruits and Vegetables

Pharmaceuticals/Healthcare

Dairy Products

Bakery and Confectionary

Others

By Ownership

Owned/Integrated

Third Party Logistics (3PL)

Key Target Audience

Cold Chain Companies

Logistics Companies

Private Equity Investors

Government Associations

Construction Companies

Dairy Companies

Meat and Seafood Companies

Fruits and Vegetables Companies

Pharmaceutical Companies

Ice-Cream Companies

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2018-2023E

Companies Covered:-

Lotte Logistics

CJ Logistics

Dongwon Industrial

Borim Logistics

Dongbu Express

Hansol Logistics

DB Schenker

Daelim Corporation

GS Global

DHL

Ottogi Logistics Service Co., Ltd.

Pantos Logistics

Key Topics Covered in the Report:-

South Korea Cold Chain Market Overview and Genesis

Stakeholders in South Korea Cold Chain Market

Value Chain Analysis of South Korea Cold Chain Market

Infrastructural Analysis of South Korea

Regional Analysis of Major Cities in South Korea (Seoul and Busan)

Comparative Analysis of South Korea Cold Chain Market with other countries

South Korea Cold Chain Market Size, 2013-2018

South Korea Cold Chain Market Segmentation, 2013-2018

South Korea Cold Chain Market Future Outlook and Projections, 2019E-2023E

South Korea Cold Storage Market, 2013-2018

South Korea Cold Storage Market Segmentation, 2013-2018

South Korea Cold Storage Market Future Outlook and Projections, 2019E-2023E

South Korea Cold Transport Market Size, 2013-2018

South Korea Cold Transport Market Segmentation, 2013-2018

South Korea Cold Transport Market Future Outlook and Projections, 2019E-2023E

End- User Potential in South Korea Cold Chain Market

Competitive Advantage for Setting up Cold Chain Facilities in South Korea

Government Regulations in South Korea Cold Chain Market

Growth Drivers and Trends in South Korea Cold Chain Market

Issues and Challenges in South Korea Cold Chain Market

Decision Making Process for Clients in South Korea Cold Chain Market

SWOT Analysis of South Korea Cold Chain Market

Competitive Landscape in South Korea Cold Chain Market

Analyst Recommendations for South Korea Cold Chain Market

For More Information, Refer To Below Link:-

South Korea Cold Chain Market

Related Reports by Ken Research:-

Philippines Cold Chain Market Outlook To 2023 – By Service Mix (Cold Storage Market And Cold Transportation)

Indonesia Cold Chain (Cold Transport And Storage) Market Outlook To 2021 – By End Users (Meat And Seafood, Vaccines And Other Pharma Products, Bakery And Confectionary, Fruits And Vegetables And Others)

Thailand Cold Chain Market Forecast To 2022 – By Type (Cold Storage And Cold Transport), By 3PL, By Temperature Range, By Region, By International And Domestic Cold Transport And By Modes Of Transport (Ground, Air And Sea)

Contact Us:-

Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

The report titled “Taiwan Used Vehicle Market Outlook to 2025 – By Type (Sedans, SUV’s, Hatchbacks, MPVs, LCVs and Others), By Vehicle Age, By Cities, By Organized and Unorganized, By Brand (Toyota, Mitsubishi, Honda, Nissan, Mercedes Benz, Mazda and Others), By Distance Driven and By Price Range” provides a comprehensive analysis of the Used Vehicle market in Taiwan. The report also covers the overview and genesis, market size in terms of gross transaction value and sales volume, business models, trends and developments, issues and challenges, regulations in Taiwan. The report provides value chain and SWOT analysis, buying decision parameters, competitive scenario and company profiles. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.

Taiwan Used Vehicle Market Overview and Size

Taiwan Used Vehicle market in terms of sales volume increased at a single digit CAGR over the review period 2013-2018. The market was observed to be at the late growth stage owing to increasing competition in the market which allows offering of varied models of vehicles at lower prices, faster vehicle replacement rate, easy import procedures, and relatively stable average ticket prices. In Taiwan, people prefer buying used vehicles due to its increased affordability and a wide range of offerings at an affordable price point.

Taiwanese government has also adopted certain strategies such as the “Scrappage Program” to promote discard of vehicles which are older than 6 years. The Government awarded a rebate of NTD 50,000 against purchase of new vehicle against discarding of used vehicle. This has led to intensive competition in the used car market as new car sales are growing at a faster pace vis a viz used car.

Taiwan Used Vehicle Market Segmentation

By Distribution Channel: In Taiwan, used vehicles are largely being sold through organized and unorganized market. Organized market dominates in terms of sales volume largely due to rising demand of multi-brand and captive dealers in the market. There are approximately 4000 organized dealers in Taiwan. On the other hand, unorganized dealers are slowly losing market share due to lack of trust in consumers’ mind while purchasing through an unorganized dealership.

By Type of Vehicle: Sedans accounted for highest market share in 2018. Sedans remained the most popular car type as they are perceived as conferring a higher social status. SUV’s accounted the second highest market share followed by Hatchbacks and Multi-Purpose Vehicle (MPV’s), Light Commercial Vehicles (LCVs) and others.

By Vehicle Age: Used cars under the age bracket of 2-4 years accounted for highest market share in 2018 due to the average ownership period of 3.4 years in Taiwan. The sale of used cars is followed by 0-2 years of vehicle age as these cars have heavy body type, better engine capacity (high horse power) and have high re-sale value.

By Cities: High population and developed infrastructure, Taichung City, New Taipei City and Taoyuan City accounted for the highest share in terms of sales volume in 2018. Kaohsiung City, Taipei and Tainan along with other cities contributed the remaining share in total sales volume of used Vehicles in the country.

By Price Range: The average ticket size of used cars in Taiwan is growing over the years. The price range of NTD 250,000– NTD 550,000 accounted for highest percentage share due the faster replacement rate along with the depreciation charged over the years on new vehicles.

By Distance Driven: The preferred mileage of the used car in Taiwan is 45,000 kilometers. Vehicles with the mileage in the range of 20,000-50,000 Kilometers accounted highest market share followed by the range of 50,000-80,000 Kilometers, 80,000 – 120,000 Kilometers and others in the year 2018.

By Brand: Japanese brands are the most preferred brands in Vietnam due to their strong brand preference, reliability, longer life span, and higher re-sale value of the used cars. Toyota dominated the market by accounting highest market share followed by Mitsubishi, Honda and Nissan in terms of sales volume. Other brands such as Mercedes Benz, Mazda and Ford captured the remaining market share of used cars sales volume in 2018.

Competitive Landscape

Used Vehicle market in Taiwan is fragmented with presence of more than 7,000 organized and unorganized dealers across all the cities in Taiwan. Organized dealers include Multi Brand Dealership Outlets (SUM, SAVE, Car OK, Easy Car) and captive dealers such as Lexus CPO, Jaguar Approved, Ford Assured, Mitsubishi MPO and Honda. Online Auto-Classifieds Market has recognized the presence of 2 major players in the market such as 8891.com and All Best Choice.

Taiwan Used Car Market Future Outlook

In future, it is anticipated that used Vehicle sales volume will be fuelled by the initiatives taken up by the government such as scrapping or export of old vehicles, growing middle class population, increasing disposable income, faster car replacement rate and growing customer confidence coupled with increasing alliances between organized dealers of a used vehicles and rising average ticket size of a used vehicle over the years.

Key Segments Covered:-

By Distribution Channel

Organized Players

Unorganized Players

By Organized Players

Multi-Brand Dealers

Captive Dealers

Auction Dealers

By Type of Vehicle

Sedans

SUV’s

Hatchbacks

MPVs

LCV’s

Others

By Vehicle Age

0-2 Years

2-4 Years

4-6 Years

More than 6 Years

By Cities

Taichung City

New Taipei City

Taoyuan City

Koahsiung City

Taipei

Tainan

Hsinchu

Others

By Price

Less Than NTD 150,000

NTD 150,000- NTD 250,000

NTD 250,000- NTD 550,000

NTD 550,000- NTD 750,000

More Than NTD 750,000

By Distance Driven

Less than 5,000 kms

5,000- 20,000 kms

20,000-50,000 kms

50,000- 80,000 kms

80,000- 120,000 kms

Above 120,000 kms

By Brand

Toyota (Lexus)

Mitsubishi

Honda

Nissan

Mercedes Benz

Mazda

Others

Key Target Audience:-

OEM’S Companies

Multi Brand Dealers

Captive Dealers

Venture Capitalist Firms

Government/ Regulatory Authorities

Online Auto-Classifieds

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019F-2025F

Companies Covered:-

Major Online Players in Taiwan

8891.com

All Best Choice

Major Captive Dealers

Lexus Toyota

Jaguar Approved

Mitsubishi MPO

Ford Assured

Audi Approved Plus

Das Welt Auto

Land Rover

Porsche Approved

Multi-Brand Dealers

SUM

SAVE

Hot Car

Car OK

Key Topics Covered in the Report:-

Taiwan Used Vehicle Market Overview and Genesis (Overview and Genesis, Business Cycle Graph)

Taiwan Used Vehicle Market Value Chain Analysis

Taiwan Used Vehicle Market Business Model

Used Vehicle Market Size Taiwan

Taiwan Used Vehicle Market Segmentation

Ownership Transfer of Registration Certificate

Buying Decision Parameters in Taiwan Used Vehicle Market

Trends and Developments in Taiwan Used Vehicle Market

Issues and Challenges in Taiwan Used Vehicle Market

Taiwan Used Vehicle Market Regulations

SWOT Analysis Taiwan Used Vehicle

Taiwan Used Vehicle Market Competition Scenario

Taiwan Used Vehicle Market Future Projection, 2018-2025F

Future Outlook of Taiwan Used Vehicle Market Segmentations, 2018-2025F

Analyst Recommendations

For more information, refer to below link:-

Taiwan Used Vehicle Market

Related Reports:-

China Used Vehicle Market Outlook to 2022 – by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle

Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales

UAE Used Car and Auto Classified Market Outlook to 2022 – By Revenue Streams (Commission, Paid Listings, Banner Advertisement), By Export and Domestic Sales

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com
+91-9015378249

Special fire truck is a special category of fire engine, designed mainly for firefighting operations. Special fire truck is used by fire departments in various rescue operations & medical emergency services. It is fitted with communication equipment which uses mobile computer technology, two-way radios and visual & audible warnings. It is also used to transport firefighters to the sites, for offering necessary equipment & water to fight the fire and to bring it under control. The key properties include enhance performance, safety and capability of the fire truck.

According to study, “World Special Fire Truck Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world special fire truck market are Rosenbauer International AG, Magirus GmbH (CNH Industrial Group), Oshkosh Corp., KME Corp., E-ONE, Albert Ziegler Firefighting, Gimaex International, CFE, Ferrara Fire Apparatus, Bronto Skylift Oy, Xuzhou Handler Special Vehicle Co. Ltd., Weihai Guangtai, Beijing Zhongzhuo, Morita Holdings Corp., Boise Mobil Equipment Inc., Tianhe, Zoomlion Heavy Industry Science & Technology Co., Ltd., Spartan Motors, W. S. Darley & Co., Alexis Fire Equipment Company, Danko Emergency Equipment, Co., Emergency One Inc., Smeal Fire Apparatus, HME Incorporated. The key manufacturers are implementing novel innovation practices to gain maximum benefits in the competitive universe. Manufacturers are also expanding their fire truck portfolio to address the rising challenges faced during firefighting & rescue events.

Based on product type, special fire truck market is segmented into forest fire engines, smoke car, ARFF, dangerous goods fire engines and others. Based on tools type, market is segmented into ladders, self-contained breathing apparatus, hydraulic rescue tools, ventilating equipment, and first aid kits. In addition, based on application, market is segmented into city fire fighting, firefighting in the wild, industrial firefighting, airport firefighting and others.

The special fire truck industry is driven by growth in industrialization, followed by increase in congestion & overcrowding, rise in number of commercial spaces in developing countries, growth in awareness regarding fire safety, rise in product innovation, strict regulations by the government, increase in budgets for the development of fire & safety departments, rise in number of fire stations, acceptance of new & advanced technology, increase in use of advanced digital tools & modern electronics, and rise in government norms towards fire safety compliances. However, lack of standard protocols for the development of fire truck, high initial cost of the truck and low rate of replacements of fire trucks may impact the market. Moreover, growth in product innovations, increase in demand for electric firefighting truck, growth in technological advancements and improvement in economy are key opportunities for market.

Based on geography, USA country holds major share in special fire truck market owing to stable economy, advanced technology, and presence of major key manufacturers in the country. China and Japan countries are expected to witness higher growth rate due to growth in awareness about the importance of fire-fighting apparatus and increase in population over the forecast period. It is estimated that future of the market will be bright on account of rise in incidence of wildfire in forests and growth in number of fire hazards during the forecast period.

For more information on the research report, refer to below link:-

Global Special Fire Truck Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

How Car Leasing Market Is Positioned In Australia?

The Australia car leasing market was observed at its late growth stage, and the competition in the market was concentrated with ~ fleet management organizations within Australia. The market experienced growth during the review period 2013-2018, driven by the high fleet requirements of end-user industries such as mining, construction, telecommunications, and the government. Growth was also driven by the increase in the setting up of SMEs in the country, with New South Wales, Victoria and Queensland being popular business and commercial hubs.

Australia Car Leasing Market Segmentation

By Type of Car (Ute, Sedan, SUV and Luxury): The leasing segment of the market has been dominated by the utility vehicle, which is a tool of the trade vehicle used primarily by mining, construction, engineering and logistics industries in Australia. The Ute serves the dual purposes of raw material transportation as well as carrying people for company site visits.

By End-User (Mining, Construction & Engineering, Government, Tele-communications and others): Demand for Leases was primarily driven by the Mining Industry in Australia, which requires company cars for raw material transportation and site visits. Additionally, the government has outsourced its leasing contract to a fleet management organization.

By Region (New South Wales, Victoria, Queensland, Western Australia and Other States): New South Wales, Victoria and Queensland is the most populous states in Australia ensuring a high demand for car leasing in the states. Business hubs of Australia include New South Wales, Victoria and Queensland primarily, with these states attracting a high demand for corporate car leases and vehicles. New South Wales in particular, is densely populated with small and medium enterprises with as many as ~ enterprises registered as of the year-end 2018.

How Car Rental Market Is Positioned In Australia?

The car rental market in Australia saw slow growth over the period, 2013-2018, as it faces competition from car-sharing and rides sharing as alternate services. The market was majorly driven by inbound tourist arrivals in Australia which were encouraged by the weak state of the Australian Dollar. Major Tourists were from China, Europe, the US and the subcontinent with tourists preferring the country over Europe due to the uncertainty related to Brexit and the political scenario in Europe.

The industry was witnessed as a seasonal one, with the majority of the demand for rental incoming during the summer months and the Chinese New Year. The winter months were low demand periods with rental operators encouraging corporate demand through heavy discounts and value-added services? Car rental companies in Australia dealt with competition from alternate forms of mobility such as Ride-Sharing and Car Sharing, which targeted flexibility and quickness as customer pain points in car rental. Apart from Inbound Tourists, domestic tourists formed a chunk of the demand for rental as rental cars were used for inter-state trips and family outings. Other rental users included corporate state users which grew as the number of enterprises in Australia rose.

Australia Car Rental Market Segmentation

By Type of Car (SUV, Sedan, and Ute): The rental segment of the Australia market has been dominated by SUVs and sedans which are primarily rented out by tourists, both inbound and domestic. Tourists prefer small cars as they are uncomfortable with driving high size vehicles. Utes are rented out less frequently and are rented out by businesses for transportation or week-long company trips.

By Rental Purpose (Leisure and Business): Car Rental in Australia was majorly used for leisure purposes and primarily driven by tourist demand, including both inbound and domestic tourists. This was in particular driven by the Tourism 2020 plan by Australia Tourism, which aimed at enhancing the overnight spend of international and domestic tourists in the country. The other major category formed was business use wherein corporate rental and business rental were included. The corporate rental was driven by short company trips and site visits wherein companies were provided with discounts and additional options on rental.

By Booking Mode (Online and Offline)

Car Rental in Australia was primarily booked online, with users preferring to make online bookings before-hand instead of accessing a rental car at the rental outlet. Users accessed certain car rental comparison and aggregator sites which listed the services provided by various car rental operators, specially catered to the requirements of the user. Users preferred online booking over offline and call-based booking due to the inherent convenience in online bookings and the quickness of the transaction and the booking process. Moreover, with the stress of Personal Information Disclosure in the industry, rental operators encouraged their users and customers to book online to ensure complete transparency and complete knowledge for both the company and the user.

Key Segments Covered in Australia Car Rental and Leasing Market

Australia Car Leasing Market

By Type of Car

Ute

Sedan

SUV

Luxury

By Region

New South Wales

Victoria

Queensland

Western Australia

Other States (Tasmania and South Australia)

By End User

Mining

Construction and Engineering

Government

Telecommunications

Others (Logistics and Utility Industry)

Australia Car Rental Market

By Type of Car

SUV

Ute and LCVs

Sedans

By Rental Purpose

Leisure

Business

By Booking Mode

Online

Offline

Australia Ride Hailing Market

By Type of Ride

Sedan / Economy / Mini

SUV and Ute

Luxury

By Hailing Purpose

Airport

Leisure

Office

By State

New South Wales

Victoria

Queensland

Western Australia

Other States (Tasmania and South Australia)

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023

Key Target Audience

Car Rental Companies

Fleet Management Organizations

Cab Aggregators or Ride Sharing Companies

Car Sharing Companies

Car Dealers

Consumer Finance Organizations

Automobile and Mobility Organizations

End User Industries

Companies Covered:-

Car Leasing Companies

LeasePlan Australia

Eclipx Group

SG Fleet

Custom Fleet

Toyota Fleet Management

ORIX

Summit Fleet

Car Rental Companies

Avis Australia

Hertz Australia

Budget Australia

Thrifty Australia

Europcar Australia

Cab Aggregators

Uber

Ola

DiDi

GoCatch

Taxify (Bolt)

Key Topics Covered in the Report:-

Australia Car Leasing Market Share

Australia Cab Aggregator Market

Fleet Vehicle Leasing Market Australia

Vehicle Procurement in Australia

Rented Vehicles Market in Australia

Australia City Car Rental Market

Australia Car Rental Market

Australia Car Rental Market Revenue

Car Rental Market in Australia

SUV Rental Market in Australia

Australian Cab Aggregator Revenue

Car Rental Space in Australia

Uber Operations in Australia

Owned Vehicle Market Australia

Growth of Car Sales in Australia

Car Sharing Market in Australia

To Know More, Click On The Link Below:-

Australia Car Leasing and Rental Industry

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Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others)

Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249