市場調查報告書
商品編碼
1257308
汽車金融的全球市場:未來展望(到2027年)Global Auto Finance Market Outlook to 2027 |
本報告提供全球汽車金融市場成長可能性相關整體分析,產業概要和來源,市場規模(貸款額)等資訊。
The report provides a comprehensive analysis of the potential of the Auto Finance industry Globally. The report covers an overview and genesis of the industry, and market size in terms of credit disbursed.
Its market segmentations include by types of vehicles financed, distribution channel, tenure for new and used vehicles, purpose type, types of commercial and passenger vehicles, Geography; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
According to Ken Research estimates, the demand for automobiles has increased significantly since the latter part of the year, which has propelled the automotive finance industry and is likely to continue to fuel the market over the projection period. The global auto finance market was valued at USD ~250 billion in 2022 and is projected to grow to USD 400 Billion by 2027, growing at a robust CAGR from 2022 to 2027.
The Asia-Pacific region is expected to lead the Auto Finance market, followed by North America and Europe. The region is expected to provide several growth opportunities for market vendors during the forecast period.
Banks have been the dominant players as they have a huge pre-built database that they leverage for their own advantage.
The market for automotive financing for passenger cars is projected to rise as spending power rises, the number of female drivers increases, customers' lifestyles change, the level of automotive manufacturing grows, and the market for fuel-efficient vehicles increases.
By Distribution Channel: In terms of Distribution Channels, the banks hold the maximum auto finance market size, increasingly adopting digital automotive finance in order to meet the changing customer needs across the globe. However, the OEM segment is expected to grow at the highest rate during the forecast period as it provides better after-sales services due to the availability of identical automobile parts.
By Type of Financing: The commercial vehicles segment is anticipated to witness significant growth during the forecast period. Since, commercial vehicles are expensive in comparison to other vehicles, numerous banks, and financial institutions have introduced reasonable loan schemes, which include simple terms and conditions. Moreover, the processing time needed to approve commercial vehicle loans is less in comparison to passenger vehicles.
The Global Auto Finance Market will witness significant growth during the period 2022-2027, owing to increasing investments in autonomous vehicles, growing demand for EVs, and Government investment. Over the forecast period, Asia-Pacific is expected to be the fastest-growing regional market. The increasing number of favourable government initiatives in economies such as India, Japan, and China to promote the automotive industry's growth and maintain consumer interest is expected to create opportunities for the growth of the regional market.
Moreover, advanced technologies like blockchain, AI, digital payment systems, and online mobile banking systems, will be the most prominent technologies used by financial industries, to provide the best auto loan services to clients. Heavy investments in the automobile industry, robust R&D programs, rising penetration of electric cars, and the implementation of autonomous vehicles are just a few of the factors that will drive the Auto Finance industry forward.