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Automotive Finance Market

Automotive Finance - Global Market Outlook (2018-2027)

5.0 (55 reviews)
Published: May 2020 ID: SMRC19189
5.0 (55 reviews)
Published: May 2020 ID: SMRC19189

This report covers the impact of COVID-19 on this global market

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

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.    

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