DUBLIN--(BUSINESS WIRE)--The "Automotive Finance - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Finance market 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.
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.
What the 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
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of COVID-19
4 Porters Five Force Analysis
5 Global Automotive Finance Market, By Service Type
5.2 Used Vehicles
5.3 New Vehicles
6 Global Automotive Finance Market, By Type
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
7.2 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
8.3 Original Equipment Manufacturers (OEMs)
8.4 Financing Institutions
8.5 Credit Unions
9 Global Automotive Finance Market, By End User
9.2 Commercial Use
9.3 Residential Use
9.4 Government Use
10 Global Automotive Finance Market, By Finance Type
11 Global Automotive Finance Market, By Purpose Type
12 Global Automotive Finance Market, By Vehicle Type
12.2 Passenger Vehicles
12.3 Commercial Vehicles
13 Global Automotive Finance Market, By Geography
13.2 North America
13.5 South America
13.6 Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
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 S.A.
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 S.A.
For more information about this report visit https://www.researchandmarkets.com/r/5b9zs1