Russian Commercial Vehicle Market, Car Leasing Company

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Russia Car Rental Market by Type (App Based Taxi
Aggregator, Self Drive Rental Car, Chauffer
Driven Rental and Taxi Services), and by
Off-Airport On-Airport Outlook To 2022
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Russia Car Rental Market by Type (App Based Taxi
Aggregator, Self Drive Rental Car, Chauffer
Driven Rental and Taxi Services), and by
Off-Airport On-Airport Outlook To 2022" provides
a comprehensive analysis of car rental market
introduction and genesis, market size by revenue
and by fleet, chauffer driven car rental market,
App based cab aggregator market, self drive car
rental market.
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The report also provides data points on Russia
Car Rental market by type (Chauffer driven car
rental and taxi service, app based cab aggregator
and self driven car rental), by region (Moscow
Region, St. Petersburg Region, Cities with
Population more than 1 million, Cities with
Population Between 0.5-1 Million and Others), by
on air port and off airport, App based taxi
aggregator by type of car (budget, comfort and
executive), Self drive car rental by type of
booking (online and offline), by type of demand
(business, leisure and insurance replacement)
along with company profile of major players in
Chauffer driven car rental (Lingotaxi, Logitaxi,
Kiwitaxi, Maxim, Vezyot, Citymobil), Self drive
car rental company (Hertz, Avis, Europcar, Sixt,
EleksPolys, Delimobil, Belka car and Other), App
Based Cab aggregator (Yandex, Gett, Altocar,
Indrive, and Wheely). The report also covers SWOT
analysis, Rules and regulation, snapshot on
Karshering and Illegal taxi (Gypsy cabs) along
with analyst recommendation and macroeconomic
variables.
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The report is useful for car manufacturing
companies, taxi companies, potential entrants and
other stakeholders to align their market centric
strategies according to ongoing and expected
trends in the future. Russia Car Rental Market
Size and OverviewMarket Size Taxi business in
Russia is moving towards the organized sector
with increasing participation of drivers opting
for registered taxis and permits. Post 2014,
using a taxi in Moscow has become cheaper and
the estimated average waiting time is reduced to
minutes in 2017. The car rental market size has
increased from USD billion in 2012 to USD
billion in 2017. Growth was highest in 2016 when
the three major companies Yandex Uber and Gett
were competing with each other to gain more
market share. The estimated number of taxis
during the same period increased from thousand
to thousand. Growth in App based market was
highest.
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Market Segmentation Car rental in Moscow
generated estimated revenue of USD million in
2017. St.Petersburg was second largest market
with more than taxis generating revenue of USD
million. Cities with more than a million
population generated USD million in 2017.
Medium sized cities with population between
million generated USD million and had more than
thousand legal taxis plying on the road. Cities
with less than million people had very little
demand for taxis generating estimated revenue of
million with approximately thousand
registered commercial cars. On-airport demand for
taxis was among the largest business segment
generating estimated revenue of USD million
through million taxi bookings.
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Russia Chauffer Driven Car Rental and Taxi
Services MarketMarket Size The market size
increased from USD billion in 2012 to USD
billion 2017 registering a five year CAGR of .
Growth was mainly on account of legalization of
taxi business in Moscow and other major cities.
Citymobil and Vezyot were leading dispatcher taxi
service providers in the country. Airport
transports contributed the major part of high
value taxis transports. Corporate booking for
transporting company officials contributed the
majority of long term chauffer driven rental.
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Market Segmentation Tour operator services
generally cater the domestic and international
tourists. Large Corporation especially those
associated with manufacturing, surveying and
project based work engage the services of
transport companies to provide long term rental.
Dispatcher taxi companies mainly serve the
purpose of connecting cars of many taxi services
with the customer. Vezyot, which is Russias
largest taxi firm, carried out million rides
across 120 cities in October 2017. Ride sharing
market in Russia is on rise.
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Future Outlook It is expected that market for
chauffer driven car rental and dispatcher taxi
service will decline from USD billion in 2018
to USD billion in 2022. Long term and short
term rental car market will largely be able to
retain their market. However it is expected that
majority of the transactions will move online.
Majority of the dispatcher service business will
be converted into app based cab booking service.
Demand for domestic tourism is on rise in Russia
and it is expected to maintain the momentum in
future as well. Fifa world cup 2018 is expected
to boost both domestic and international tourist
movement in 2018.
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Russia App Based Taxi Aggregator MarketCab
aggregators provide the technology platform for
the users to book cabs via app and charge the
drivers/ car owners a commission fee () of the
ride amount on every ride taken through their
application. The market size for app based taxi
aggregator increased by more than 1,100 times
from USD million in 2012 to USD million 2017
and registered a five year CAGR of . Yandex
Taxi (Combined Entity with Uber), Gett were major
players in this market.
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Economy cars allow upto 4 passengers make it
ideal for both individuals as well as families
its low cost of travel and much better facilities
make it command a staggering market share by
revenue. Comfort class was second most popular
segment followed by executive. Yandex was the
largest player in Russia online cab aggregator
market. In 2017, it commanded an estimated market
share of in Russia cab aggregator business.
Gett share was estimated at of the total
market on the basis of gross value for booking
cabs through app. Other car companies contributed
of the revenue which mainly included Wheely,
Indrive, and Altocar.The app based cab
aggregator market is expected to grow from USD
million in 2018 to USD million in 2022
registering a five year CAGR of .
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Russia Self Drive Car Rental MarketAn estimated
are available for rent in self drive car rental
format. The number of cars declined from in
2012 to in 2017. Stiff competition, price war
and improving substitute services were the main
reason for decline. Revenue from online booking
in self drive car rental market has increased
from USD million in 2012 to USD million in
2017). Decline in share of offline booking was
mainly on account of increased penetration of
internet, ease of payment through online mode and
exciting offers which can be availed by online
booking. Demand from business segment was highest
and accounted for of the business it was
followed by leisure and insurance replacement.
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Hertz was the largest self drive international
car rental company in Russia in 2016. Other major
car rental companies include delimobile,
Naprokat, Easyride, Belka, Sixt, Europcar,
EleksPolyus and others The market for self drive
car is expected to remain near constant with
revenue generation increasing from USD million
in 2018 to USD million in 2022. Revenue
generation may increase drastically if karshering
becomes a popular trend in Russia which offers
car on per minute rental.
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Future Outlook to Russia Car Rental
MarketMarket for car rental in Russia is
expected to grow from USD billion in 2018 to
USD billion in 2022 registering a five year
CAGR of . Technology is expected to have very
deep impact on the car rental market and it is
expected that car rental services will undergo a
major overhaul in next few years. Share of
illegal taxis will decline to minimum,
regulations governing the taxi market will become
clearer and the market will become more user
friendly due to improvement in technology and
connectivity. Online and app based car rental
will gain significant market whether it is in cab
aggregator business or in self drive car rental
market. Development and use of driverless cars is
another concept on which work is in progress with
significant developments.
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Key Topics Covered in the Report Russia car
rental market introduction Russia car rental
market size Russia car rental market segmentation
by region Russia car rental market segmentation
by on-airport and off-airport. Russia chauffer
driven car rental market size by revenue. Russia
chauffer driven car rental market segmentation by
type (Tour Operator, Log term company leasing,
dispatcher service and Ride sharing
services). Russia chauffer driven car rental
market future outlook. Russia App based Taxi
Aggregator Market Size Russia App based Taxi
Aggregator market segmentation by type (Economy,
comfort and executive) of car booking. Market
share of major player (Yandex, Gett and others)
in Russia App based Taxi Aggregator market Russia
self drive car rental Market Size
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Russia self drive car rental market segmentation
by type of booking (online and offline) and type
of demand (Business, Leisure, and insurance
replacement). Market share of major player
(Hertz, Europcar, Avis, Sixt, Elekspolyus and
other) in Russia self drive car rental
market. Rules and regulations in Russia car
rental market Growth drivers in Russia car rental
market SWOT analysis Snapshot on Illegal taxi
market Future Outlook to Russia Car rental
Market Analyst Recommendation Macro economic
factors affecting Russia car rental Market
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Source https//www.kenresearch.com/automotive-tra
nsportation-and-warehousing/automotive-and-automot
ive-components/russia-car-rental-market/142799-100
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Marketing Communicationsankur _at_
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