Automotive Finance - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Automotive Finance Market is accounted for $204.06 billion in 2018 and is expected to reach $404.53 billion by 2027 growing at a CAGR of 7.9% during the forecast period. Some of the key factors propelling the market growth include increasing investments in autonomous vehicles prompt financing from credit unions, dealers, and banks, increase in the use of online services, advancements in blockchain technology, and growing innovation in e-commerce. However, the dependence of vehicle buying on the future outlook of the economy and the practical consumer buying confidence are restraining the market growth.
Automotive financing or auto financing are services that offer financial products and support to further allow people to purchase vehicles without having to make the complete payment in cash. Such an arrangement includes the borrowing of money from financial institutions such as banks, credit unions, and dealers or other informal money lenders. Auto financing is widely used by both members of the public and businesses, and there are several financial aid services available through them.
By loan provider, the original equipment manufacturers (OEMs) segment is projected to witness significant growth over the forecast period. Automotive OEMs offer better after-sales services owing to the availability of identical vehicle parts, as that of the vehicle financed, for the purpose of replacement or repair. Furthermore, OEMs are now focusing on ensuring the delivery of superior products at competitive pricing.
On the basis of geography, Asia Pacific is expected to have considerable market growth during the forecast period, due to the increasing number of favourable government initiatives, especially in India, China, and Japan, to maintain consumer interest and promote growth in the automotive industry. Furthermore, the automotive financing market in Asia Pacific has become highly competitive with an increase in the number of used-car outlets and vehicle showrooms. Moreover, a decline in automotive loan rates in the region is further expected to propel the regional growth.
Some of the key players in automotive finance market include Bank of America Corporation, Ford Credit, Ally Financial Inc, Honda Financial Services, Hitachi Capital Asia Pacific Pte. Ltd., BMW Financial, HSBC Holdings plc, Maruti Finance, HDFC Bank Limited, TATA Motor Finance. ICBC (Industrial and Commercial Bank of India), Volkswagen AG, Bank of China, BNP Paribas SA, Capital One Financial Corporation, Standard Bank Group Ltd, Wells Fargo & Co, Mercedes-Benz Financial Services (Daimler AG), Toyota Financial Services, and Banco Bradesco SA.
Service Types Covered:
• Used Vehicles
• New Vehicles
Types Covered:
• Finance Lease
• Operating Lease
• Chattel Mortgage
• Standard Loan
• Novated Lease
• Commercial Hire Purchase
Duration Covered:
• 24 Months
• 36 Months
• 48 Months
• 60 Months
• 72 Months
Loan Providers Covered:
• Banks
• Original Equipment Manufacturers (OEMs)
• Financing Institutions
• Credit Unions
End Users Covered:
• Commercial Use
• Residential Use
• Government Use
Finance Types Covered:
• Indirect
• Direct
Purpose Types Covered:
• Leasing
• Loan
Vehicle Types Covered:
• Passenger Vehicles
• Commercial Vehicles
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Finance Market, By Service Type
5.1 Introduction
5.2 Used Vehicles
5.3 New Vehicles
6 Global Automotive Finance Market, By Type
6.1 Introduction
6.2 Finance Lease
6.3 Operating Lease
6.4 Chattel Mortgage
6.5 Standard Loan
6.6 Novated Lease
6.7 Commercial Hire Purchase
7 Global Automotive Finance Market, By Duration
7.1 Introduction
7.2 24 Months
7.3 36 Months
7.4 48 Months
7.5 60 Months
7.6 72 Months
8 Global Automotive Finance Market, By Loan Provider
8.1 Introduction
8.2 Banks
8.3 Original Equipment Manufacturers (OEMs)
8.4 Financing Institutions
8.5 Credit Unions
9 Global Automotive Finance Market, By End User
9.1 Introduction
9.2 Commercial Use
9.3 Residential Use
9.4 Government Use
10 Global Automotive Finance Market, By Finance Type
10.1 Introduction
10.2 Indirect
10.3 Direct
11 Global Automotive Finance Market, By Purpose Type
11.1 Introduction
11.2 Leasing
11.3 Loan
12 Global Automotive Finance Market, By Vehicle Type
12.1 Introduction
12.2 Passenger Vehicles
12.3 Commercial Vehicles
13 Global Automotive Finance Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 Bank of America Corporation
15.2 Ford Credit
15.3 Ally Financial Inc
15.4 Honda Financial Services
15.5 Hitachi Capital Asia Pacific Pte. Ltd.
15.6 BMW Financial
15.7 HSBC Holdings plc
15.8 Maruti Finance
15.9 HDFC Bank Limited
15.10 TATA Motor Finance.
15.11 ICBC (Industrial and Commercial Bank of India)
15.12 Volkswagen AG
15.13 Bank of China
15.14 BNP Paribas SA
15.15 Capital One Financial Corporation
15.16 Standard Bank Group Ltd
15.17 Wells Fargo & Co
15.18 Mercedes-Benz Financial Services (Daimler AG)
15.19 Toyota Financial Services
15.20 Banco Bradesco SA
List of Tables
1 Global Automotive Finance Market Outlook, By Region (2017-2027) ($MN)
2 Global Automotive Finance Market Outlook, By Service Type (2017-2027) ($MN)
3 Global Automotive Finance Market Outlook, By Used Vehicles (2017-2027) ($MN)
4 Global Automotive Finance Market Outlook, By New Vehicles (2017-2027) ($MN)
5 Global Automotive Finance Market Outlook, By Type (2017-2027) ($MN)
6 Global Automotive Finance Market Outlook, By Finance Lease (2017-2027) ($MN)
7 Global Automotive Finance Market Outlook, By Operating Lease (2017-2027) ($MN)
8 Global Automotive Finance Market Outlook, By Chattel Mortgage (2017-2027) ($MN)
9 Global Automotive Finance Market Outlook, By Standard Loan (2017-2027) ($MN)
10 Global Automotive Finance Market Outlook, By Novated Lease (2017-2027) ($MN)
11 Global Automotive Finance Market Outlook, By Commercial Hire Purchase (2017-2027) ($MN)
12 Global Automotive Finance Market Outlook, By Duration (2017-2027) ($MN)
13 Global Automotive Finance Market Outlook, By 24 Months (2017-2027) ($MN)
14 Global Automotive Finance Market Outlook, By 36 Months (2017-2027) ($MN)
15 Global Automotive Finance Market Outlook, By 48 Months (2017-2027) ($MN)
16 Global Automotive Finance Market Outlook, By 60 Months (2017-2027) ($MN)
17 Global Automotive Finance Market Outlook, By 72 Months (2017-2027) ($MN)
18 Global Automotive Finance Market Outlook, By Loan Provider (2017-2027) ($MN)
19 Global Automotive Finance Market Outlook, By Banks (2017-2027) ($MN)
20 Global Automotive Finance Market Outlook, By Original Equipment Manufacturers (OEMs) (2017-2027) ($MN)
21 Global Automotive Finance Market Outlook, By Financing Institutions (2017-2027) ($MN)
22 Global Automotive Finance Market Outlook, By Credit Unions (2017-2027) ($MN)
23 Global Automotive Finance Market Outlook, By End User (2017-2027) ($MN)
24 Global Automotive Finance Market Outlook, By Commercial Use (2017-2027) ($MN)
25 Global Automotive Finance Market Outlook, By Residential Use (2017-2027) ($MN)
26 Global Automotive Finance Market Outlook, By Government Use (2017-2027) ($MN)
27 Global Automotive Finance Market Outlook, By Finance Type (2017-2027) ($MN)
28 Global Automotive Finance Market Outlook, By Indirect (2017-2027) ($MN)
29 Global Automotive Finance Market Outlook, By Direct (2017-2027) ($MN)
30 Global Automotive Finance Market Outlook, By Purpose Type (2017-2027) ($MN)
31 Global Automotive Finance Market Outlook, By Leasing (2017-2027) ($MN)
32 Global Automotive Finance Market Outlook, By Loan (2017-2027) ($MN)
33 Global Automotive Finance Market Outlook, By Vehicle Type (2017-2027) ($MN)
34 Global Automotive Finance Market Outlook, By Passenger Vehicles (2017-2027) ($MN)
35 Global Automotive Finance Market Outlook, By Commercial Vehicles (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.