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Global Automotive Finance Market Forecast to 2030 - COVID-19 Impact and Analysis by Provider Type (Banks OEMs, Others); Finance Type (Direct, Indirect); Vehicle Type (Passenger Vehicles, Commercial Vehicle) and Geography

  • Industry : Automotive & Transportation
  • No. of Pages : 195
  • Report Code : YVAT10241

Global Automotive Finance Market Introduction

The automotive finance market growth is growing due to the rise in investments in autonomous vehicle globally. The autonomous vehicle provides safety and convenience to the drivers, inspiring heavy R&D investments from numerous end users. Also, the investments in autonomous vehicles includes financing from credit unions, dealers, and banks, which in turn increasing the demand for automotive financing as well. Growing new customer registrations integrated with a rise in the sale of the automobile is further expected to drive the automotive finance market. 

The rise in cab service financing is likely to drive the market growth over the forecast period. Cab service financing is widely used to form a financing program. This program offers weekly rentals, flexible leases, and discounts for the procurement of new cars to potential drivers. Also, the rise in cab service financing is fueling the growth of automotive financing, thereby driving the growth of automotive finance market.

Global Automotive Finance Market Overview

The global automotive finance market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The automotive finance market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global automotive finance market over the long as well as short period of time. Furthermore, the global automotive finance market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porter’s five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.


Global Automotive Finance Market Insights

The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global automotive finance market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.

Market Mapping

Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the automotive finance market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.


COVID-19 Impact on Global Automotive Finance Market

The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global automotive finance market.

With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:

·        Rapid shifts in top 100 companies across each sector

·        Growth and decline in each sector due to the COVID-19 pandemic

Global Automotive Finance Market Segmentation


Global Automotive Finance Market – by Provider Type

·       Banks

·       OEMs

·       Others

Global Automotive Finance Market – by Finance Type

·       Direct

·       Indirect

Global Automotive Finance Market – by Vehicle Type

·        Passenger Vehicles

·        Commercial Vehicles

Global Automotive Finance Market – by Geography

·        North America

o   US

o   Canada

o   Mexico

·        Europe

o   Germany

o   France

o   Italy

o   UK

o   Russia

o   Spain

o   Netherlands

o   Rest of Europe

·        Asia-Pacific (APAC)

o   China

o   India

o   South Korea

o   Japan

o   Australia

o   Singapore

o   Rest of APAC

·        LAMEA

o   Latin America

o   Middle East

o   Africa

Key Players

1.      Ally Financial

2.      Bank of America

3.      BNP Paribas 

4.      Capital One

5.      Chase Auto Finance

6.      Daimler Financial Service

7.      Ford Motor Credit Company

8.      GM Financial Inc

9.      HDFC Bank Limited

10.   Hitachi Capital

11.   HSBC Holdings plc

12.   Standard Bank Group Ltd

13.   Toyota Financial Servicess

14.   Toyota Financial Services

15.   Volkswagen Financial Services

Brand Recall

Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the automotive finance market.


Key Questions Answered

·        Which region provides more business opportunities for the global automotive finance market in the upcoming years?

·        Who is the leading overall automotive finance market, and what strategies have been adopted by them?

·        Which segment accounted for the largest automotive finance market share?

·        What are the upcoming trends in the global automotive finance market? What impact would these trends make in the coming years for the automotive finance market?

·        Which player offering the best product range for the global automotive finance market?

Key Benefits for Stakeholders

·        This study presents the analytical description of the automotive finance market analysis along with the current trends and future estimations to describe coming up investment pockets

·        The complete automotive finance market opportunity is resolute by knowing profitable trends to gain a stronger foothold

·        The report describes insights associated with key drivers, restraints, opportunities, and trends of the global automotive finance market with thorough impact analysis

·        The global automotive finance market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability

·        PEST analysis defines the potency of the consumers and suppliers in the global automotive finance market

·        Porter’s five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global automotive finance market

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