Car Financing Market
Car Financing - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Car Financing Market is accounted for $1.95 trillion in 2019 and is expected to reach $3.11 trillion by 2027 growing at a CAGR of 6.0% during the forecast period. Some of the key factors propelling the growth of the market are rise in the global average price of the vehicle, increasing car production by various manufacturers, and rise in disposable income. However, the increase in debts from various borrowers is the restraining factor for the growth of the market.
Car financing includes a wide range of financial products that provide funds to customers to own a car without full payment. There are various financial services available in the car loan categories which are provided by financing companies or specialist car manufacturers.
By vehicle, the commercial vehicles segment is expected to grow at a significant market share during the forecast period as these are expensive as compared to other vehicles and therefore various financial institutions and banks have introduced affordable loan schemes with simple terms and conditions. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period as the middle-class households in developing economies have a high demand for car financing.
Some of the key players in Car Financing Market include Bank of America, Toyota Financial Services, Standard Bank, HSBC, Ford Motor Credit, Capital One, BNP Paribas, Hitachi Capital Asia Pacific, and Ally Financial.
Loan Providers Covered:
• Original Equipment Manufacturer (OEM)/Captives
• Non-Banking Financial Companies (NBFC)
• Financing Institutions/Banking Institutions
• Commercial Banks
Finance Types Covered:
• Lease
• Loan
Sales Networks Covered:
• Direct Finance Approach
• Dealership Walk In’s
Service Types Covered:
• Used Vehicles
• New Vehicles
Vehicles 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 2018, 2019, 2020, 2024 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 Emerging Markets
3.7 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 Car Financing Market, By Loan Provider
5.1 Introduction
5.2 Original Equipment Manufacturer (OEM)/Captives
5.3 Non-Banking Financial Companies (NBFC)
5.4 Financing Institutions/Banking Institutions
5.5 Commercial Banks
6 Global Car Financing Market, By Finance Type
6.1 Introduction
6.2 Lease
6.3 Loan
7 Global Car Financing Market, By Sales Network
7.1 Introduction
7.2 Direct Finance Approach
7.3 Dealership Walk In’s
8 Global Car Financing Market, By Service Type
8.1 Introduction
8.2 Used Vehicles
8.3 New Vehicles
9 Global Car Financing Market, By Vehicle
9.1 Introduction
9.2 Passenger Vehicles
9.3 Commercial Vehicles
10 Global Car Financing Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Bank of America
12.2 Toyota Financial Services
12.3 Standard Bank
12.4 HSBC
12.5 Ford Motor Credit
12.6 Capital One
12.7 BNP Paribas
12.8 Hitachi Capital Asia Pacific
12.9 Ally Financial
List of Tables
1 Global Car Financing Market Outlook, By Region (2018-2027) ($MN)
2 Global Car Financing Market Outlook, By Loan Provider (2018-2027) ($MN)
3 Global Car Financing Market Outlook, By Original Equipment Manufacturer (OEM)/Captives (2018-2027) ($MN)
4 Global Car Financing Market Outlook, By Non-Banking Financial Companies (NBFC) (2018-2027) ($MN)
5 Global Car Financing Market Outlook, By Financing Institutions/Banking Institutions (2018-2027) ($MN)
6 Global Car Financing Market Outlook, By Commercial Banks (2018-2027) ($MN)
7 Global Car Financing Market Outlook, By Finance Type (2018-2027) ($MN)
8 Global Car Financing Market Outlook, By Lease (2018-2027) ($MN)
9 Global Car Financing Market Outlook, By Loan (2018-2027) ($MN)
10 Global Car Financing Market Outlook, By Sales Network (2018-2027) ($MN)
11 Global Car Financing Market Outlook, By Direct Finance Approach (2018-2027) ($MN)
12 Global Car Financing Market Outlook, By Dealership Walk In’s (2018-2027) ($MN)
13 Global Car Financing Market Outlook, By Service Type (2018-2027) ($MN)
14 Global Car Financing Market Outlook, By Used Vehicles (2018-2027) ($MN)
15 Global Car Financing Market Outlook, By New Vehicles (2018-2027) ($MN)
16 Global Car Financing Market Outlook, By Vehicle (2018-2027) ($MN)
17 Global Car Financing Market Outlook, By Passenger Vehicles (2018-2027) ($MN)
18 Global Car Financing Market Outlook, By Commercial Vehicles (2018-2027) ($MN)
19 North America Car Financing Market Outlook, By Country (2018-2027) ($MN)
20 North America Car Financing Market Outlook, By Loan Provider (2018-2027) ($MN)
21 North America Car Financing Market Outlook, By Original Equipment Manufacturer (OEM)/Captives (2018-2027) ($MN)
22 North America Car Financing Market Outlook, By Non-Banking Financial Companies (NBFC) (2018-2027) ($MN)
23 North America Car Financing Market Outlook, By Financing Institutions/Banking Institutions (2018-2027) ($MN)
24 North America Car Financing Market Outlook, By Commercial Banks (2018-2027) ($MN)
25 North America Car Financing Market Outlook, By Finance Type (2018-2027) ($MN)
26 North America Car Financing Market Outlook, By Lease (2018-2027) ($MN)
27 North America Car Financing Market Outlook, By Loan (2018-2027) ($MN)
28 North America Car Financing Market Outlook, By Sales Network (2018-2027) ($MN)
29 North America Car Financing Market Outlook, By Direct Finance Approach (2018-2027) ($MN)
30 North America Car Financing Market Outlook, By Dealership Walk In’s (2018-2027) ($MN)
31 North America Car Financing Market Outlook, By Service Type (2018-2027) ($MN)
32 North America Car Financing Market Outlook, By Used Vehicles (2018-2027) ($MN)
33 North America Car Financing Market Outlook, By New Vehicles (2018-2027) ($MN)
34 North America Car Financing Market Outlook, By Vehicle (2018-2027) ($MN)
35 North America Car Financing Market Outlook, By Passenger Vehicles (2018-2027) ($MN)
36 North America Car Financing Market Outlook, By Commercial Vehicles (2018-2027) ($MN)
37 Europe Car Financing Market Outlook, By Country (2018-2027) ($MN)
38 Europe Car Financing Market Outlook, By Loan Provider (2018-2027) ($MN)
39 Europe Car Financing Market Outlook, By Original Equipment Manufacturer (OEM)/Captives (2018-2027) ($MN)
40 Europe Car Financing Market Outlook, By Non-Banking Financial Companies (NBFC) (2018-2027) ($MN)
41 Europe Car Financing Market Outlook, By Financing Institutions/Banking Institutions (2018-2027) ($MN)
42 Europe Car Financing Market Outlook, By Commercial Banks (2018-2027) ($MN)
43 Europe Car Financing Market Outlook, By Finance Type (2018-2027) ($MN)
44 Europe Car Financing Market Outlook, By Lease (2018-2027) ($MN)
45 Europe Car Financing Market Outlook, By Loan (2018-2027) ($MN)
46 Europe Car Financing Market Outlook, By Sales Network (2018-2027) ($MN)
47 Europe Car Financing Market Outlook, By Direct Finance Approach (2018-2027) ($MN)
48 Europe Car Financing Market Outlook, By Dealership Walk In’s (2018-2027) ($MN)
49 Europe Car Financing Market Outlook, By Service Type (2018-2027) ($MN)
50 Europe Car Financing Market Outlook, By Used Vehicles (2018-2027) ($MN)
51 Europe Car Financing Market Outlook, By New Vehicles (2018-2027) ($MN)
52 Europe Car Financing Market Outlook, By Vehicle (2018-2027) ($MN)
53 Europe Car Financing Market Outlook, By Passenger Vehicles (2018-2027) ($MN)
54 Europe Car Financing Market Outlook, By Commercial Vehicles (2018-2027) ($MN)
55 Asia Pacific Car Financing Market Outlook, By Country (2018-2027) ($MN)
56 Asia Pacific Car Financing Market Outlook, By Loan Provider (2018-2027) ($MN)
57 Asia Pacific Car Financing Market Outlook, By Original Equipment Manufacturer (OEM)/Captives (2018-2027) ($MN)
58 Asia Pacific Car Financing Market Outlook, By Non-Banking Financial Companies (NBFC) (2018-2027) ($MN)
59 Asia Pacific Car Financing Market Outlook, By Financing Institutions/Banking Institutions (2018-2027) ($MN)
60 Asia Pacific Car Financing Market Outlook, By Commercial Banks (2018-2027) ($MN)
61 Asia Pacific Car Financing Market Outlook, By Finance Type (2018-2027) ($MN)
62 Asia Pacific Car Financing Market Outlook, By Lease (2018-2027) ($MN)
63 Asia Pacific Car Financing Market Outlook, By Loan (2018-2027) ($MN)
64 Asia Pacific Car Financing Market Outlook, By Sales Network (2018-2027) ($MN)
65 Asia Pacific Car Financing Market Outlook, By Direct Finance Approach (2018-2027) ($MN)
66 Asia Pacific Car Financing Market Outlook, By Dealership Walk In’s (2018-2027) ($MN)
67 Asia Pacific Car Financing Market Outlook, By Service Type (2018-2027) ($MN)
68 Asia Pacific Car Financing Market Outlook, By Used Vehicles (2018-2027) ($MN)
69 Asia Pacific Car Financing Market Outlook, By New Vehicles (2018-2027) ($MN)
70 Asia Pacific Car Financing Market Outlook, By Vehicle (2018-2027) ($MN)
71 Asia Pacific Car Financing Market Outlook, By Passenger Vehicles (2018-2027) ($MN)
72 Asia Pacific Car Financing Market Outlook, By Commercial Vehicles (2018-2027) ($MN)
73 South America Car Financing Market Outlook, By Country (2018-2027) ($MN)
74 South America Car Financing Market Outlook, By Loan Provider (2018-2027) ($MN)
75 South America Car Financing Market Outlook, By Original Equipment Manufacturer (OEM)/Captives (2018-2027) ($MN)
76 South America Car Financing Market Outlook, By Non-Banking Financial Companies (NBFC) (2018-2027) ($MN)
77 South America Car Financing Market Outlook, By Financing Institutions/Banking Institutions (2018-2027) ($MN)
78 South America Car Financing Market Outlook, By Commercial Banks (2018-2027) ($MN)
79 South America Car Financing Market Outlook, By Finance Type (2018-2027) ($MN)
80 South America Car Financing Market Outlook, By Lease (2018-2027) ($MN)
81 South America Car Financing Market Outlook, By Loan (2018-2027) ($MN)
82 South America Car Financing Market Outlook, By Sales Network (2018-2027) ($MN)
83 South America Car Financing Market Outlook, By Direct Finance Approach (2018-2027) ($MN)
84 South America Car Financing Market Outlook, By Dealership Walk In’s (2018-2027) ($MN)
85 South America Car Financing Market Outlook, By Service Type (2018-2027) ($MN)
86 South America Car Financing Market Outlook, By Used Vehicles (2018-2027) ($MN)
87 South America Car Financing Market Outlook, By New Vehicles (2018-2027) ($MN)
88 South America Car Financing Market Outlook, By Vehicle (2018-2027) ($MN)
89 South America Car Financing Market Outlook, By Passenger Vehicles (2018-2027) ($MN)
90 South America Car Financing Market Outlook, By Commercial Vehicles (2018-2027) ($MN)
91 Middle East & Africa Car Financing Market Outlook, By Country (2018-2027) ($MN)
92 Middle East & Africa Car Financing Market Outlook, By Loan Provider (2018-2027) ($MN)
93 Middle East & Africa Car Financing Market Outlook, By Original Equipment Manufacturer (OEM)/Captives (2018-2027) ($MN)
94 Middle East & Africa Car Financing Market Outlook, By Non-Banking Financial Companies (NBFC) (2018-2027) ($MN)
95 Middle East & Africa Car Financing Market Outlook, By Financing Institutions/Banking Institutions (2018-2027) ($MN)
96 Middle East & Africa Car Financing Market Outlook, By Commercial Banks (2018-2027) ($MN)
97 Middle East & Africa Car Financing Market Outlook, By Finance Type (2018-2027) ($MN)
98 Middle East & Africa Car Financing Market Outlook, By Lease (2018-2027) ($MN)
99 Middle East & Africa Car Financing Market Outlook, By Loan (2018-2027) ($MN)
100 Middle East & Africa Car Financing Market Outlook, By Sales Network (2018-2027) ($MN)
101 Middle East & Africa Car Financing Market Outlook, By Direct Finance Approach (2018-2027) ($MN)
102 Middle East & Africa Car Financing Market Outlook, By Dealership Walk In’s (2018-2027) ($MN)
103 Middle East & Africa Car Financing Market Outlook, By Service Type (2018-2027) ($MN)
104 Middle East & Africa Car Financing Market Outlook, By Used Vehicles (2018-2027) ($MN)
105 Middle East & Africa Car Financing Market Outlook, By New Vehicles (2018-2027) ($MN)
106 Middle East & Africa Car Financing Market Outlook, By Vehicle (2018-2027) ($MN)
107 Middle East & Africa Car Financing Market Outlook, By Passenger Vehicles (2018-2027) ($MN)
108 Middle East & Africa Car Financing Market Outlook, By Commercial Vehicles (2018-2027) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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