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India Used Car Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India used car market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A used car refers to a second-hand vehicle that is available for resale. These cars are generally repaired and refurbished to working conditions, following which they are listed for sale. They are usually sold through independent automobile dealerships, walk-in used-car showrooms, and online platforms using organized or unorganized channels. Sedans, hatchbacks, and sports utility vehicles are some of the commonly preferred used cars. The process of purchasing an old vehicle involves checking tire conditions, upholstery, mileage, test drive, and mechanical inspection. Used cars assist in minimizing the depreciation of the vehicle, improving cost-effectiveness, maximizing savings, and providing full assurance and warranty of the car and facilities. 

India Used Car Market Trends:

The increasing consumer demand for cost-effective and affordable vehicles with enhanced mobility, convenience, and safety is primarily driving the used car market in India. In line with this, the lower rate of personal car ownership by millennials due to the high cost of maintenance is positively impacting the market growth. Moreover, the constant model upgrades and the electrification of vehicles are acting as other growth-inducing factors. Manufacturers are increasingly incorporating advanced technologies and features, such as power steering systems, climate control systems, and anti-lock braking systems in the latest models, which, in turn, is facilitating their demand in the country. Apart front this, the utilization of e-commerce sites and applications to purchase and sell used cars with complete transparency and ease of operations is providing an impetus to the market growth. Additionally, the increasing number of organized and semi-organized sales across the country and the shifting consumer preference towards private cars to maintain social distancing amidst the COVID-19 pandemic is supporting the market growth. Other factors, including rising expenditure capacities of consumers, large-scale integration of blockchain technologies, and growing environmental consciousness, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India used car market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on vehicle type, vendor type, fuel type and sales channel.

Breakup by Vehicle Type:

  • Hatchbacks
  • Sedan
  • Sports Utility Vehicle
  • Others
     

Breakup by Vendor Type:

  • Organized
  • Unorganized
     

Breakup by Fuel Type:

  • Gasoline
  • Diesel
  • Others
     

Breakup by Sales Channel:

  • Online
  • Offline
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Vehicle Type, Vendor Type, Fuel Type, Sales Channel, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the India used car market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India used car market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the vendor type?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the sales channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India used car market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Used Car Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Hatchbacks
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Sedan
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Sports Utility Vehicle
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Vendor Type
    7.1    Organized
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Unorganized
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Fuel Type
    8.1    Gasoline
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Diesel
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Sales Channel
    9.1    Online
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Offline
        9.2.1 Market Trends
        9.2.2 Market Forecast 
10    Market Breakup by Region
    10.1    North India
        10.1.1 Market Trends
        10.1.2 Market Breakup by State
        10.1.3 Market Forecast
    10.2    West and Central India
        10.2.1 Market Trends
        10.2.2 Market Breakup by State
        10.2.3 Market Forecast
    10.3    South India
        10.3.1 Market Trends
        10.3.2 Market Breakup by State
        10.3.3 Market Forecast
    10.4    East India 
        10.4.1 Market Trends
        10.4.2 Market Breakup by State
        10.4.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: India: Used Car Market: Major Drivers and Challenges
Figure 2: India: Used Car Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Used Car Market: Breakup by Vehicle Type (in %), 2021
Figure 5: India: Used Car Market: Breakup by Vendor Type (in %), 2021
Figure 6: India: Used Car Market: Breakup by Fuel Type (in %), 2021
Figure 7: India: Used Car Market: Breakup by Sales Channel (in %), 2021
Figure 8: India: Used Car Market: Breakup by Region (in %), 2021
Figure 9: India: Used Car (Hatchbacks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Used Car (Hatchbacks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Used Car (Sedan) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Used Car (Sedan) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Used Car (Sports Utility Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Used Car (Sports Utility Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Used Car (Other Vehicle Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Used Car (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Used Car (Organized) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Used Car (Organized) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Used Car (Unorganized) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Used Car (Unorganized) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Used Car (Gasoline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Used Car (Gasoline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Used Car (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Used Car (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Used Car (Other Fuel Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Used Car (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Used Car (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Used Car (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Used Car (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Used Car (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North India: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North India: Used Car Market: Breakup by State (in %), 2021
Figure 33: North India: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: West and Central India: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: West and Central India: Used Car Market: Breakup by State (in %), 2021
Figure 36: West and Central India: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South India: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South India: Used Car Market: Breakup by State (in %), 2021
Figure 39: South India: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: East India: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: East India: Used Car Market: Breakup by State (in %), 2021
Figure 42: East India: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Used Car Industry: SWOT Analysis
Figure 44: India: Used Car Industry: Value Chain Analysis
Figure 45: India: Used Car Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Used Car Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Used Car Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: India: Used Car Market Forecast: Breakup by Vendor Type (in Million US$), 2022-2027
Table 4: India: Used Car Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 5: India: Used Car Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 6: India: Used Car Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Used Car Market: Competitive Structure
Table 8: India: Used Car Market: Key Players


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