LONDON, Jan. 20, 2016 /PRNewswire/ --
The report titled "India Used Car Market Outlook to 2020 – Growing Preferences and Emergence of Web Aggregators" provides a comprehensive analysis of the used car sales in India through online and offline means. The report first analyzes the market of used car in detail, with major segmentation of distribution channels, marketing channels and by demand from major cities. On the competition front, market share of major players in the used car market with detailed company profile has been presented. On the other side, online used car market has been presented with a focus on the positioning of major online web aggregators in the market, with detailed company profile. The report also shed light on the market size of online used car market, market share, company profiles of major portals along with the business model and customer profiles of online used car buyers. The report also includes macroeconomic factors which have been analyzed to determine the future prospects of the Industry.
The number of Maruti True Value showrooms which sell used cars in India at present is the highest as compared to that for other organized players in the market such as Mahindra First Choice, TATA Motors Assured, Hyundai, Honda and Toyota. In FY'2013, Maruti True Value had a market share of ~% in the entire market. In terms of value, the industry is expected to grow at a rate of ~% over the period FY'2016-FY'2020 with the revenue reaching to INR ~ billion by FY'2020 from INR ~ billion in FY'2016. Over the historical years, FY'2010-FY'2015, the economic slowdown and a decline in the value of rupee have also helped the second hand car market to develop at a considerable rate in the past.
The online used car market in India generates a large portion of its revenue through advertisements. The revenue generated by the online used car market in India witnessed a consistent increase from FY'2010 to FY'2015, recording a CAGR of ~% during the period. With rising disposable income of the households, the buyers spending capacity on used cars is also expected to spur in the future. At present, majority of the buyers purchasing online have a maximum budget of INR ~, however, with rising incomes, the budget might increase, thereby leading to greater revenue for the market
CarWale.com had a market share of ~% in terms of the volume of online used cars sold in FY'2013, which has reduced to ~% in FY'2015. Car Dekho.com acquired ~% market share during the year. This was followed by Gaadi.com (now a part of Cardekho only) which held a market share of ~% in terms of the total volume of online used car sold in FY'2015.
Key Topics Covered in the Report:
- The market size of the Used Car Market
- Market segmentation of the used car market on the basis of organizational structure, types of used car, types of distribution channels, types of marketing channels and major cities
- Trends and Development in the used car Market.
- Market share and detailed company profiles of the major used car Players in India.
- Future Outlook and Projections of Used Car Market in India
- The Market Size of Online Used Car Market
- Business Model of Online Used Car Market
- Market Share and Detailed Company Profiles of Major Players in Online Used car Market
- Future Outlook and Projections of Online Used Car Market
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