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Online Business Models are an Important Growth Driver
24-Aug-2023
South Asia, Middle East & North Africa
Market Research
PE10-01-00-00-00
MX_2023_96
The availability of digital pricing engines, the growth of online platforms, and the shift to organized platforms play a key role in market growth. Several companies, including Cars24, CarWale, CarDekho, Maruti Suzuki True Value, and Mahindra First Choice, offer various value-added services, such as vehicle inspection, free servicing, and easy finance, to attract customers. They also provide 360-degree exterior/interior views, detailed specifications, and expert reviews to maintain a high level of transparency and enhance the customer experience.
As the COVID-19 pandemic eased, demand for personal mobility increased significantly in India. Customers want to avoid public transportation and evade contact with strangers; they prefer to use personal vehicles to eliminate the risk of catching an infection. However, new car prices rose significantly between FY21 and FY23, pushing customers toward used cars. This led to drastic demand for used cars during this period. In FY23, sales of pre-owned vehicles is anticipated to increase by about 28% more than the previous year.
This Frost & Sullivan study provides an in-depth analysis of growth opportunities for the Indian used cars market, and it also offers valuable insight for companies looking to participate in this rapidly growing market.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Indian Used Cars Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Market Segmentation
Key Channel Analysis
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Used Car Sales versus New Car Sales
Used Car Sales Forecast (Units)
Used Car Sales Forecast (Value)
Used Car Sales Forecast by Vehicle Type (Units)
Used Car Sales Forecast by Vehicle Type (Value)
Used Car Sales Forecast by Sales Channel (Units)
Used Car Sales Forecast by Sales Channel (Value)
Pricing Trends and Forecast Analysis
Competitive Environment
Used Cars—Market Trends
Macroeconomic Indicators
Used Car Value Chain Analysis
Used Car eRetailing Trends
Used Car Rules and Legislation
Used Electric Vehicle Industry Overview
Distribution Structure Analysis
Value Proposition Analysis
Used Cars Online Business Model
Key Competitor Benchmarking
Key Dealers/Online Platforms—Cars24
Key Dealers/Online Platforms—CarDekho
Key Dealers/Online Platforms—Spinny
Key Dealers/Online Platforms—CarTrade
Key Dealers/Online Platforms—Droom
Key OEM CPO Program—Maruti Suzuki True Value
Key OEM CPO Program—Mahindra First Choice
Key OEM CPO Program—H–Promise
Key OEM CPO Program—Honda AutoTerrace
Key OEM CPO Program—Toyota U Trust
Growth Metrics
Revenue Forecast
Unit Forecast
Forecast Analysis
Growth Metrics
Revenue Forecast
Unit Forecast
Forecast Analysis
Growth Metrics
Revenue Forecast
Unit Forecast
Forecast Analysis
Growth Opportunity 1—Online Presence through Websites
Growth Opportunity 1—Online Presence through Websites (continued)
Growth Opportunity 2—Online eCommerce Business Models
Growth Opportunity 2—Online eCommerce Business Models (continued)
Growth Opportunity 3—Refurbishment Services to Meet the Rising Used Car Demand
Growth Opportunity 3—Refurbishment Services to Meet the Rising Used Car Demand (continued)
Growth Opportunity 4—Used Cars for Mobility as a Service
Growth Opportunity 4—Used Cars for Mobility as a Service (continued)
Your Next Steps
Why Frost, Why Now?
Partial List of Abbreviations and Acronyms Used
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Used Cars: Growth Metrics, India, FY2022
- Used Cars: Growth Drivers, India, FY2023-FY2027
- Used Cars: Growth Restraints, India, FY2023-FY2027
- Used Car Sales versus New Car Sales, India, FY2017-FY2027
- Used Cars: Sales Forecast by Units, India, FY2017-FY2027
- Used Cars: Sales Forecast by Value, India, FY2017 - FY2027
- Used Cars: Sales Forecast by Vehicle Type (Units), India, FY2017-FY2027
- Used Cars: Sales Forecast by Vehicle Type (Value), India, FY2017-FY2027
- Used Cars: Sales Forecast by Sales Channel (Units), India, FY2017-FY2027
- Used Cars: Sales Forecast by Sales Channel (Value), India, FY2017-FY2027
- Used Cars: Value Chain Analysis, India, FY2022
- Used Cars: Value Proposition Analysis, India, FY2022
- Franchised Dealer CPO: Growth Metrics, India, FY2022
- Franchised Dealer CPO: Revenue Forecast, India, FY2017-FY2027
- Franchised Dealer CPO: Unit Forecast, India, FY2017-FY2027
- Independent Dealers: Growth Metrics, India, FY2022
- Independent Dealers: Revenue Forecast, India, FY2017-FY2027
- Independent Dealers: Unit Forecast, India, FY2017-FY2027
- Customer to Customer: Growth Metrics, India, FY2022
- Customer to Customer: Revenue Forecast, India, FY2017-FY2027
- Customer to Customer: Unit Forecast, India, FY2017-FY2027
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| Deliverable Type | Market Research |
|---|---|
| Author | Shantanu Khambekar |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Used Car Market Trends |
| Keyword 2 | Used Car Market Forecast |
| Keyword 3 | India Used Car Market Size |
| List of Charts and Figures | Used Cars: Growth Metrics, India, FY2022~ Used Cars: Growth Drivers, India, FY2023-FY2027~ Used Cars: Growth Restraints, India, FY2023-FY2027~ Used Car Sales versus New Car Sales, India, FY2017-FY2027~ Used Cars: Sales Forecast by Units, India, FY2017-FY2027~ Used Cars: Sales Forecast by Value, India, FY2017 - FY2027~ Used Cars: Sales Forecast by Vehicle Type (Units), India, FY2017-FY2027~ Used Cars: Sales Forecast by Vehicle Type (Value), India, FY2017-FY2027~ Used Cars: Sales Forecast by Sales Channel (Units), India, FY2017-FY2027~ Used Cars: Sales Forecast by Sales Channel (Value), India, FY2017-FY2027~ Used Cars: Value Chain Analysis, India, FY2022~ Used Cars: Value Proposition Analysis, India, FY2022~ Franchised Dealer CPO: Growth Metrics, India, FY2022~ Franchised Dealer CPO: Revenue Forecast, India, FY2017-FY2027~ Franchised Dealer CPO: Unit Forecast, India, FY2017-FY2027~ Independent Dealers: Growth Metrics, India, FY2022~ Independent Dealers: Revenue Forecast, India, FY2017-FY2027~ Independent Dealers: Unit Forecast, India, FY2017-FY2027~ Customer to Customer: Growth Metrics, India, FY2022~ Customer to Customer: Revenue Forecast, India, FY2017-FY2027~ Customer to Customer: Unit Forecast, India, FY2017-FY2027~ |
| Podcast | No |
| WIP Number | PE10-01-00-00-00 |