Report Synopsis
Industry Overview
The used car market in India is in its infancy stage, with plenty of room for growth. Buying a used car in the country was considered as a taboo before the COVID pandemic, but after the pandemic affected savings and spending power, people began to shift to used cars as a first buyer or to purchase a second-hand car. In the coming years, the used car market in India is expected to outnumber the new car market by 1.4 times.
According to our study, India used car industry turnover is expected to increase from USD ~ billion in 2021 to USD ~ billion in 2025. The Covid-19 has also resulted in a decrease in dealership footfall, which has prompted the use of cutting-edge digital tools. It is estimated that the used car market in India will grow at a CAGR of 10.9% between 2020 and 2027. The market for used cars in India is benefitting in recent years and after the virus outburst the country is witnessing double digit growth in demand.
Scope of the Study
Report titled “India Used Car Industry Performance – Impact of COVID-19 and Outlook to 2027” published by Makreo Research and Consulting Firm gives detailed analysis of the industry performance considering the past, present and future trends with a detailed discussion of the economic factors that plays a major role. The report provides a comprehensive analysis of the industry covering market drivers and challenges that are accountable for influencing the market performance.
The report helps to gain insights on country’s economy, its political environment, technological overview and demographic profile. Impact of government measures, macro economic factors, measures taken by market players and others have been considered while assessing the future outlook of the industry.
Market Coverage: The report helps to gain insights on India’s positioning in the Used car Market along with a detailed discussion on the performance of country’s economy and markets growth. India Used Car Market Research Report covers the market for used cars in India and future outlook and it also deep dives into various parameters including Used car demand by vehicle type (hatchbacks, SUV, and Sedan), by vendor type (organized and unorganized) and by Geography. We have studied the used car market size in India by industry segmentations using bottom up approach.
COVID-19 Impact Assessment: It is important to understand the COVID-19 impact over the used car industry in India. The industry assessment has been done basis COVID-19 impact in 2020 and in coming years over trade
Competitive Landscape: This section discuss performance of the key players, mergers and acquisitions happened in recent past, and Funding received by the key players. Players discussed in the section are:
Cars24 Service Pvt. Ltd, Maruti True Value, Mahindra First Choice Wheels, Big Boy Toyz, CraTrade, Quikr Car, OLX Auto, Hyundai H Promise, Toyota U Trust,
Key Questions Answered
We have covered the below mentioned areas in India used car market report:
Table of Content
Report Synopsis
India Used Car Market – An Overview
1. Research Methodology
Objective of the Study
Research Process
Data Collection Methods
Analytical Framework
2. Country Overview - EPTD Analysis
India - EPTD Analysis
Economic Overview – India Economy Performance
Political Overview
Technological, and Demographic Overview
3. COVID-19 & Impact over Used Car Market
COVID-19 Spread in India
Number of Active cases of coronavirus (COVID-19) in India
Impact of COVID-19 Over Indian Economy
Impact of COVID-19 Over India Used Cars Market
India Used Car Market: Pre Covid Scenario
India Used Car Market: Post Covid Scenario
4. India Used Car Market- Trade Analysis
Imports of Used Cars
India Used Car Market – Used Cars Export from India
India Used Car Market – Trade by Major Ports
5. India Used Car Market Assessment
India Used car Market – An Overview
India Used car Market Performance
India Used car Market – Post COVID-19
India Used car Market Revenue and Future Outlook
6. India Used Car Market Segmentation
India Used car Market by Vendor Type – Organized Player Vs Unorganized Player
India Used car Market Segmentation by Geography
India Used car Market Segmentation by Vehicle Type
7. India Used Car Market- Acquisitions
8. India Used Car Market- Company Profiles
Company Profile – Cars24 Service Pvt Limited
Company Profile – Maruti True Value
Company Profile – Mahindra First Choice Wheels
Company Profile – Big Boy Toyz
Company Profile – CarTrade
Company Profile – Other Players
9. India Used Car Market-Market Dynamics
India Used Car Market – Market Opportunities
Market Drivers
Market Challenges
Limitations of the Study