India Used Car Market will be Valued at US$ 75 Billion by 2023 | CAGR: 15.2% | Top Key Players – Toyota, Maruti Suzuki, CarWale, CarDekho, Quikr Cars

Marketprognosis.com Publish a New Market Research Report On “India Used Car Market - Segmented by Vehicle, Vendor, and Fuel - Growth, Trends, and Forecast (2018 - 2023)” which contains India key player’s survey information and forecast to 2023.

Overview of the India Used Car Market:

The report spread across 80 pages is an overview of the India Used Car Market - Segmented by Vehicle, Vendor, and Fuel - Growth, Trends, and Forecast (2018 - 2023). These report study based on the Used Car Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

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The market for used car in India is expected to reach a market size of USD 75 Billion by 2023, recording a CAGR of 15.2% during the forecast period (2018 - 2023).

The India Used Car Market has grown at a tremendous pace since the beginning of the 20th century. The main reason for the same has been the emergence of organized players in the market, as these players have taken care of the trust deficit and the plaguing India used car market since ages. Even a decade back, almost all sales in the India used car market took place in the unorganized sector. Sellers would palm off substandard products to buyers, which made a large number of prefer to buy cars in the circle of family, friends, and acquaintances. The used car market in India accounts for nearly 3.4 million vehicles per year. But only minorities of used car sales originate from businesses to consumers and are processed by organized dealers, around 400,000 unit per annum or about 13%.

According to the estimates in India, for every new car purchased, one used car is sold. In other parts of the world, like Europe, the number of wished-for new car buyers is increasing, whereas the number of intended used car buyers is falling. In India, however, there is a reverse trend, which can be attributed to the rising cost of fuel and increasing disposable income. Though the general economic slowdown has hit the sales rate of new cars, the used car market has seen an uptrend, which clearly indicates that the sales rate of used cars will continue moving forward. There are various reasons for the evolution and growth of the used car market in India, which include enhanced quality, better maintenance because of latest technological services, and less usage because many urban families having more than one car, due to which the second car is less driven and well maintained. During 2005-2007, the used car market was dominated by unorganized players, and C2C with more than 95% of the market share. The number of organized players was just 4% in 2005 - 2007, the share increased around 15% in 2010-2012. In future, the role of these organized players is likely to increase substantially.

Purchase this report online with 80 Pages, Top Key Players Analysis and List of Tables & Figure @ https://www.marketprognosis.com/buyReport/15979 .

Major Key Players:

1 Toyota

2 Mahindra & Mahindra

3 Carnation

4 Maruti Suzuki

5 Volkswagen

6 CarWale

7 CarDekho

8 Quikr Cars and More……………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Used Car Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview and Trends

5 Market Dynamics

6 India Used Car Market, by Vehicle Type

7 India Used Car Market, by Vendor Type

8 India Used Car Market, by Fuel Type

9 Competitive Landscape

10 Key Players Analysis (Overview, Products & Services, and Strategies)

11 Future of the Market

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This release was published on openPR.