This report presents a detailed view of India’s used car market within 6 tier 1 cities. Comprehensive analyses of market value and car sales by fuel type, transmission, organisational structure and distribution channel are given. The report also incorporates the market share analysis and company profiles of major players along with trends and projected developments. Analysis providing insights on consumer preference and behaviour, especially in the online segment of the market, is also discussed.

The used car market in India is growing at xxx percent per year and is expected to double within five years. The total market size was approximately xxx million units in 2015, with xxx% sold through the organised market. Overall, the pre-owned car market is dominated by the unorganised sector with about xxxx % of the share. However, it is expected the organised market will increase its share in the coming years, especially in the luxury segment. In addition to organised players, a large number of deals are completed through agents, car fairs, online portals and owner-to-owner transactions.

This report covers detailed analysis of the market in terms of segment, region and powertrain classification. While the small car segment shows significant growth compared to other car segments, the other areas do show potential. Each section in the report provides a brief explanation of current and future market trends and developments in the Indian used car market. Our research foresees immense opportunities for various domestic and international players, such as: Maruthi True Value, Mahindra First Choice, and Hyundai Advantage.

Indian car owners are maturing and now want to upgrade their vehicles much faster. The average period of car ownership has fallen to about five years from seven in the past decade and will likely edge towards three years as seen in developed markets, such as the U.S. and Europe.

Traditionally in India people preferred to buy and sell used cars through unorganised channels, i.e. via local dealerships and local mechanics. This market slowly started moving online 4 – 5 years ago and now the market has shifted to mobile, which has become the most preferred way to buy, sell and find used cars.
India has 14,000 used car dealers, of which approximately 1,300 are organised. This used car space will continue to grow at a very healthy CAGR; where Maruthi true value market share is almost 70% in the organised used car business and 10% of the entire used car business.

The growing interest in the used car business is primarily driven by first-time car buyers, usually young people in their first or second jobs of less than 30 years of age. The reason for such interest in used cars among this cohort is economy growth and job security concerns of young people towards hefty purchase investments.

This report aims to estimate the used car market in India for 2016 and to project demand by 2021. It also provides detailed analysis of the top 6 tier 1 cities which contribute to approximately 40% of the total used car market.

To See Complete Report Link: http://www.jsbmarketresearch.com/automotive-parts/r-indian-used-car-market-outlook-present-day-to-2021-252901

To see latest related Market Report: http://www.jsbmarketresearch.com/automotive-parts

About JSB Market Research -
JSB Market Research is one of the most significant databases of online market researches and intelligence reports and services. We specialize in providing market research reports for various industries. The online portal for marketing research deals with access to global market data and assists in providing expert insights and exposure on global companies, industries, products and trends

Contact Details:
JSB Market Research
Phone: 91 - 998 729 5242
Email - [email protected]
Blog: http://www.jsbmarketresearch.com/blog/
Website: www.jsbmarketresearch.com