According to MarkNtel Advisors study the "India Second-Hand Car Market Analysis, 2021," the market is expected to grow at a CAGR of around 15.6% during 2021-26.
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Key Findings of the Study: India Second Hand Car market
An Increasing Number of Online Platforms Drives the Market Growth
The digital revolution is disrupting the second-hand car market for the better. The new wave of online platforms emphasizes the importance of customer experiences in the second-hand car buying process to retain customers for a longer time and facilitate positive word of mouth in the market. Due to the surging competition and the availability of numerous options, and lower risks of purchasing the car through online platforms, there is a rise in the number of consumers preferring online platforms, thereby propelling the growth of the Second-Hand car market.
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Scope of the Report and India Second Hand Car Market Segmentation:
By Vehicle Type
- Hatchbacks
- Sedans
- Hybrid
- Electric
- Others (Sports Utility Vehicles, Multi Utility Vehicles)
By Vendor Type/ Sector
- Organized
- Unorganized
By Fuel Type
- Petrol
- Diesel
- Others
By Car Size
- Compact car
- Mid-sized car
- Large-size car (SUV)
By Sales channel
- Online
- Offline
India Second Hand Car Market Competitive Landscape
- SAVOLA Group
- Cargill Incorporated
- Wilmar International
- Delta Oils
- Alexandria Company for Seed Processing & Derivatives
- Bunge
- Astra Food Products
- Fayrouz Foods
- Argo Egypt
- Heba Food Industries
Geographical Analysis:
By Region
- North
- East
- West
- South
- North-East
Note: If you require specific information not covered in the current report, we can provide it through customized option
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