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Car Finance Market Size : Research Consumption, Companies , Industry Report Analysis and Future Demand 2022-2031

“The report on Car Finance Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter’s five forces.

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Car Finance Market: Overview

  • The global car finance market is anticipated to expand at a CAGR of ~4% during the forecast period, owing to increase in car sales and rise in penetration of car finance in developing countries
  • Car finance is a mature market in developed nations and it is expanding rapidly in developing countries such as China, India, Brazil, and Mexico. Car finance has become an effective means to avail car ownership/usage without paying outright capital, which in turn is helping boost mobility demand among low-income communities.

Car Finance Market: Key Drivers

  • The millennial generation has entered the workforce and is gaining economic stability and purchasing power. Millennials are first-time buyers and exhibit higher preference for auto loans and lease as compared to that for direct cash purchase. Rise in the number of car consumers among millennials and generation Z is projected to boost the car finance market.
  • Developing countries such as China, India, Mexico, and Brazil are recording high sales of new cars, and rising penetration of financed new cars among total cars sold are anticipated to drive the global car finance market
  • Increase in awareness among consumers regarding car finance options in developing countries and lucrative offers such as low interest rate EMIs and zero down payment are anticipated to drive the car finance market. Diversification of automakers into financial services and aggressive marketing through dealership have been pivotal in driving the global car finance market.

Car Finance Market: Major Challenges

  • The coronavirus pandemic is likely to cause a global recession with a high impact on the auto sector
  • Lower credit bearing capacity of banks and financial institutions is expected to negatively impact the roll out of newer lease contracts and thereby, restrain the car leasing market globally.

Car Finance: Market Segmentation

  • Based on car type, the new car type held a leading share of the global car leasing market. The penetration of car finance is higher in new car sales, and there is high preference for loan/lease among consumers. Used car financing is gaining popularity and its share is expected to rise during the forecast period.
  • Based on product type, the loan segment held a major share of the global car finance market. Car loans are the traditional method of car finance and is a widely preferred means of car ownership. Car leasing is expanding rapidly in Europe and North America and has gained a significant share of the car finance market in these regions. Car leasing is gaining popularity in China, India, and other countries in Asia. The market is anticipated to expand significantly during the period, owing to changing consumer preference from car ownership to car-as-a-service.
  • Based on provider, the car leasing market has been split into OEM/captives, commercial banks, and NBFCs. The commercial banks segment accounted for a notable share of the global car finance market, as commercial banks have traditionally been loan providers and key industry participants. The OEM Captives segment is projected to expand considerably in the near future, as automakers penetrate the car finance and service industry with a vision on diversification.

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Car Leasing Market: Regional Analysis

  • Based on region, the global car finance market has been segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • North America led the global car finance market during 2018 as a majority of consumers availed car financing solutions. The U.S. and Canada are mature markets for car finance. Furthermore, car purchases in these regions are majorly financed by car loans. North America is followed by Europe with U.K., Germany, France, and Russia holding notable share of the market in Europe. The market in Asia Pacific is estimated to expand at a significant pace, owing to expansion of economies in the region, increase in consumer purchase parity, and entry of captives in car finance in the region.
  • Latin America and Middle East & Africa held a relatively minor share of the global market; however, the market in these regions is projected to expand considerably during the period, owing to significant expansion of the market in Mexico and Brazil

Car Finance Market: Competition Landscape

  • Key players operating in the global car finance market include 
  • BNP Paribas
  • Bank of China
  • Alley Financial Inc.
  • Bank of America
  • ALD Automotive
  • Hitachi Capital Asia Pacific
  • LeasePlan,
  • Ford Motor Credit,
  • Standard Bank Group Ltd, 
  • Volkswagen Financial Services

Car Finance Market – Scope of the Report

The recent report on the car finance market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the car finance market analyzes the scenario for the period of 2018 to 2030, wherein 2019 is the base year and 2018 and before is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

This study on the car finance market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the car finance market gives readers an individual understanding of the market.

This study also discusses the underlying trends and impact of various factors that are driving the car finance market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the car finance market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

Key Questions Answered in This Report on Car Finance Market

  • How much value will the car finance market generate by the end of the forecast period?
  • Which segment of the market is likely to have the maximum market share by 2030?
  • What are the impact factors and there effects on the market for car finance?
  • What regions currently contribute the maximum share to the overall car finance market?
  • What are the indicators expected to drive the car finance market?
  • What region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies by key stakeholders in the car finance market to expand their geographic presence?
  • What are the major advancements witnessed in the car finance market?
  • How regulatory norms affected the market for car finance market?

This report answers these questions and more about the car finance market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Car Finance Market: Research Methodology

This report on the car finance market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competitive scenario of the car finance market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the car finance market arrive at predictions and estimations, and calculate the forecast for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the car finance market, with both a bottom-up and top-down approach.

This detailed assessment of the car finance market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the car finance market is estimated to expand are based on carefully vetted primary and secondary sources.

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Table of Content
1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

2.1. Research Methodology

2.1.1. Primary Research and List of Primary Sources

2.1.2. Secondary Research and Sources

2.2. Key assumptions for Data Modelling

3. Executive Summary : Global Car Finance Market

3.1. Global Car Finance Market Value (US$ Bn) Forecast, 2018?2030

4. Market Overview

4.1. Introduction

4.2. Global Market – Macro Economic Factors

4.3. Industry Dynamics

4.4. Market Dynamics

4.4.1. Drivers

4.4.2. Restraints

4.4.3. Opportunity

4.4.4. Impact Analysis of Drivers and Restraints

4.5. Market Factor Analysis

4.5.1. Porter’s Five Force Analysis

4.5.2. PESTEL Analysis

4.5.3. Value Chain Analysis

4.5.3.1. List of Key Manufacturers

4.5.3.2. List of Customers

4.5.3.3. Level of Integration

4.5.4. SWOT Analysis

5. Global Car Finance Market Analysis and Forecast, by Car Type

5.1. Definition

5.2. Market Snapshot

5.3. Global Car Finance Market Value (US$ Bn) Forecast, by Car Type, 2018?2030

5.3.1. Used Car

5.3.2. New Car

For more information about this report visit: Car Finance Market

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