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The used cars market in India is forecasted to grow by USD 24.7 billion during 2022-2027, accelerating at a CAGR of 11.9% during the forecast period. The report on the used cars market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by excellent value for money proposition of used cars, reducing ownership cycle of cars, and increasing technological innovations in passenger cars.
The used cars market in India is segmented as below:
By Channel
- Offline
- Online
By Vehicle Type
- Compact car
- Mid size
- SUV
By Type
- Petrol
- Diesel
- Others
The report on the used cars market in India covers the following areas:
- Used cars market in India sizing
- Used cars market in India forecast
- Used cars market in India industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Channel
7 Market Segmentation by Vehicle Type
8 Market Segmentation by Type
9 Customer Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the used cars market in India: ALD SA, Auto Best, Bayerische Motoren Werke AG, Big Boy Toysz Pvt. Ltd., CarWale India, Classic Automotives, Droom Technology Pvt. Ltd., Girnar software Pvt Ltd., Honda Motor Co. Ltd., Hyundai Motor Co., Khivraj Motors, Mahindra and Mahindra Ltd., Quikr India Pvt. Ltd., Suzuki Motor Corp., The VAISHNO MOTOR CO., Toqfactor Technologies Pvt Ltd., Toyota Motor Corp., Valuedrive Technologies Pvt Ltd., Cars24 Services Pvt. Ltd., and NASPERS Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is improved touchpoint management."
According to the report, one of the major drivers for this market is the excellent value for money proposition of used cars.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ALD SA
- Auto Best
- Bayerische Motoren Werke AG
- Big Boy Toysz Pvt. Ltd.
- Cars24 Services Pvt. Ltd.
- CarWale India
- Classic Automotives
- Droom Technology Pvt. Ltd.
- Girnar software Pvt Ltd.
- Honda Motor Co. Ltd.
- Hyundai Motor Co.
- Khivraj Motors
- Mahindra and Mahindra Ltd.
- NASPERS Ltd.
- Quikr India Pvt. Ltd.
- Suzuki Motor Corp.
- The VAISHNO MOTOR CO.
- Toqfactor Technologies Pvt Ltd.
- Toyota Motor Corp.
- Valuedrive Technologies Pvt Ltd.
