Automotive Finance Market Size, Share & Trends Report

Automotive Finance Market Size, Share & Trends Analysis Report By Provider Type, By Finance Type, By Purpose Type, By Vehicle Type, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-3-68038-861-9
  • Number of Pages: 160
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2021
  • Industry: Technology

Market Segmentation

  • Automotive Finance Provider Type Outlook (Revenue, USD Billion, 2017 - 2030)
    • Banks
    • OEMs
    • Other Financial Institutions
  • Automotive Finance Type Outlook (Revenue, USD Billion, 2017 - 2030)
    • Direct
    • Indirect
  • Automotive Finance Purpose Type Outlook (Revenue, USD Billion, 2017 - 2030)
    • Loan
    • Leasing
    • Others
  • Automotive Finance Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
    • Commercial Vehicles
    • Passenger Vehicles
  • Automotive Finance Regional Outlook (Revenue, USD Billion, 2017 - 2030)
    • North America
      • North America Automotive Finance Market, By Provider Type
        • Banks
        • OEMs
        • Other Financial Institutions
      • North America Automotive Finance Market, By Finance Type
        • Direct
        • Indirect
      • North America Automotive Finance Market, By Purpose Type
        • Loan
        • Leasing
        • Others
      • North America Automotive Finance Market, By Vehicle Type
        • Commercial Vehicles
        • Passenger Vehicles
      • U.S.
        • U.S. Automotive Finance Market, By Provider Type
          • Banks
          • OEMs
          • Other Financial Institutions
        • U.S. Automotive Finance Market, By Finance Type
          • Direct
          • Indirect
        • U.S. Automotive Finance Market, By Purpose Type
          • Loan
          • Leasing
          • Others
        • U.S. Automotive Finance Market, By Vehicle Type
          • Commercial Vehicles
          • Passenger Vehicles
      • Canada
        • Canada Automotive Finance Market, By Provider Type
          • Banks
          • OEMs
          • Other Financial Institutions
        • Canada Automotive Finance Market, By Finance Type
          • Direct
          • Indirect
        • Canada Automotive Finance Market, By Purpose Type
          • Loan
          • Leasing
          • Others
        • Canada Automotive Finance Market, By Vehicle Type
          • Commercial Vehicles
          • Passenger Vehicles
    • Europe
      • Europe Automotive Finance Market, By Provider Type
        • Banks
        • OEMs
        • Other Financial Institutions
      • Europe Automotive Finance Market, By Finance Type
        • Direct
        • Indirect
      • Europe Automotive Finance Market, By Purpose Type
        • Loan
        • Leasing
        • Others
      • Europe Automotive Finance Market, By Vehicle Type
        • Commercial Vehicles
        • Passenger Vehicles
      • Germany
        • Germany Automotive Finance Market, By Provider Type
          • Banks
          • OEMs
          • Other Financial Institutions
        • Germany Automotive Finance Market, By Finance Type
          • Direct
          • Indirect
        • Germany Automotive Finance Market, By Purpose Type
          • Loan
          • Leasing
          • Others
        • Germany Automotive Finance Market, By Vehicle Type
          • Commercial Vehicles
          • Passenger Vehicles
      • U.K.
        • U.K. Automotive Finance Market, By Provider Type
          • Banks
          • OEMs
          • Other Financial Institutions
        • U.K. Automotive Finance Market, By Finance Type
          • Direct
          • Indirect
        • U.K. Automotive Finance Market, By Purpose Type
          • Loan
          • Leasing
          • Others
        • U.K. Automotive Finance Market, By Vehicle Type
          • Commercial Vehicles
          • Passenger Vehicles
    • Asia Pacific
      • Asia Pacific Automotive Finance Market, By Provider Type
        • Banks
        • OEMs
        • Other Financial Institutions
      • Asia Pacific Automotive Finance Market, By Finance Type
        • Direct
        • Indirect
      • Asia Pacific Automotive Finance Market, By Purpose Type
        • Loan
        • Leasing
        • Others
      • Asia Pacific Automotive Finance Market, By Vehicle Type
        • Commercial Vehicles
        • Passenger Vehicles
      • China
        • China Automotive Finance Market, By Provider Type
          • Banks
          • OEMs
          • Other Financial Institutions
        • China Automotive Finance Market, By Finance Type
          • Direct
          • Indirect
        • China Automotive Finance Market, By Purpose Type
          • Loan
          • Leasing
          • Others
        • China Automotive Finance Market, By Vehicle Type
          • Commercial Vehicles
          • Passenger Vehicles
      • India
        • India Automotive Finance Market, By Provider Type
          • Banks
          • OEMs
          • Other Financial Institutions
        • India Automotive Finance Market, By Finance Type
          • Direct
          • Indirect
        • India Automotive Finance Market, By Purpose Type
          • Loan
          • Leasing
          • Others
        • India Automotive Finance Market, By Vehicle Type
          • Commercial Vehicles
          • Passenger Vehicles
      • Japan
        • Japan Automotive Finance Market, By Provider Type
          • Banks
          • OEMs
          • Other Financial Institutions
        • Japan Automotive Finance Market, By Finance Type
          • Direct
          • Indirect
        • Japan Automotive Finance Market, By Purpose Type
          • Loan
          • Leasing
          • Others
        • Japan Automotive Finance Market, By Vehicle Type
          • Commercial Vehicles
          • Passenger Vehicles
    • Latin America
      • Latin America Automotive Finance Market, By Provider Type
        • Banks
        • OEMs
        • Other Financial Institutions
      • Latin America Automotive Finance Market, By Finance Type
        • Direct
        • Indirect
      • Latin America Automotive Finance Market, By Purpose Type
        • Loan
        • Leasing
        • Others
      • Latin America Automotive Finance Market, By Vehicle Type
        • Commercial Vehicles
        • Passenger Vehicles
      • Brazil
        • Brazil Automotive Finance Market, By Provider Type
          • Banks
          • OEMs
          • Other Financial Institutions
        • Brazil Automotive Finance Market, By Finance Type
          • Direct
          • Indirect
        • Brazil Automotive Finance Market, By Purpose Type
          • Loan
          • Leasing
          • Others
        • Brazil Automotive Finance Market, By Vehicle Type
          • Commercial Vehicles
          • Passenger Vehicles
    • MEA
      • MEA Automotive Finance Market, By Provider Type
        • Banks
        • OEMs
        • Other Financial Institutions
      • MEA Automotive Finance Market, By Finance Type
        • Direct
        • Indirect
      • MEA Automotive Finance Market, By Purpose Type
        • Loan
        • Leasing
        • Others
      • MEA Automotive Finance Market, By Vehicle Type
        • Commercial Vehicles
        • Passenger Vehicles

Automotive Finance Market Dynamics

Driver: Increasing Launch Of Advance Vehicles With High Tech And Enhanced Safety Features

The automotive sector is witnessing launch of several innovative technology products over the past few years having improved safety features. Continuous evaluation of automotive industry and emergence of new technologies, market players, and customer demands. Customers today are looking for a financial company can offer them simple and rapid auto financing. Automotive finance companies assist consumers in emerging economies in leasing and buying vehicles that would otherwise be expensive, which is driving the market's growth. In developed economies, a high proportion of households possess an automobile, vehicle registrations are growing at a steady rate, and the average price of cars is rising. With increasing number of customers looking for cost effective and reliable medium to finance their vehicle, the demand for automotive financial services is increasing. These factors are anticipated to drive market growth over the forecast period.

Driver: Rising Adoption Of Digital Services By Customers To Find Suitable Financing Product

The rapid growth in digital services is affecting the automotive market by changing customers’ behavior during the purchasing process. Huge adoption of Internet in most of the vehicles. Today buyers are do research before purchasing.  The potential buyers make use of internet for their secondary research, usually determining the vehicle model to meet their needs, analyzing based on customer reviews and finding the best deals available for their budget. Thus, numerous digital micro-moments control the buying process. Automotive finance market players are positioning themselves online so as to offer new and innovative channels of communication to the customer. Thus, evolving preference of buyers to adopt on-site financing makes the buying process more organized and also increases the significance of automotive finance companies, thereby, fueling market growth.

Restraint: Government Regulations Regarding Credit Provision & Pollution Control And Global Economic Fluctuations

Automotive finance companies need to obey regulatory requirements and focus on customer life cycle, and decreasing defaulter debts.There are certain government regulations on credit provision that are forcing financiers to reframe their strategies for products, modify their operations, systems, business processes, and controls.

What Does This Report Include?

This section will provide insights into the contents included in this automotive finance market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Automotive finance market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Automotive finance market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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