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汽車市場

市場調查報告書

商品編碼

1521009

汽車金融市場－2024年至2029年預測

Automotive Finance Market - Forecasts from 2024 to 2029

出版日期: 2024年06月17日 | 出版商:

Knowledge Sourcing Intelligence | 英文 140 Pages | 商品交期: 最快1-2個工作天內

價格

簡介目錄

汽車金融市場預計將從2024年的2,970.09億美元成長到2029年的3,864.42億美元，複合年成長率為5.41%。

汽車金融利用汽車貸款等各種金融產品和服務，為一般消費者和各類公司、企業提供購買或租賃汽車的經濟援助，並收取一定比例的利息作為回報。因此，汽車金融在允許客戶和企業購買或租賃車輛而無需支付全額購買金額發揮著重要作用。汽車金融業技術的進步也讓客戶更容易在線上申請貸款和租賃。

汽車融資有多種類型，包括汽車貸款。汽車貸款是銀行和金融公司向包括企業在內的客戶提供的購買汽車的貸款，必須在一定期限內償還貸款金額和利息。市場上的一些貸款人會考慮您的信用評分和年收入等因素來確定貸款條款和利率，並據此確定合格。

介紹

汽車金融市場受到經濟狀況改善和全球汽車銷售和需求增加的推動。一般人可支配收入的增加和幾個發展中經濟體的 GDP 成長意味著，如果消費者能夠以穩定和高收入還清汽車貸款和租賃，他們就會變得更有信心。央行設定的可承受利率會影響消費者和企業的借貸成本。

政府有關消費者保護法和金融法規的規定增強了客戶對汽車貸款的信心，並鼓勵線上貸款申請、數位付款管道和自動化承保流程等創新。這促進了消費者的汽車融資流程，並有助於汽車金融市場在預測期內的成長。

此外，汽車負擔能力和價格的上漲使消費者更容易透過汽車融資購買汽車，而信貸可用性和風險評估有助於評估借款人的信用度，這是汽車金融市場的關鍵因素，正在推動市場成長。消費者偏好的變化，包括對車輛類型和所有權模式的偏好、汽車金融提供者之間的競爭、全球經濟趨勢、貿易政策、市場整合工作等，預計將在預測期內推動汽車金融市場的發展。

市場促進因素：

全球經濟成長和汽車銷售預計將推動市場。

世界各國快速工業化和都市化帶來的經濟成長正在推動汽車金融市場。此外，GDP成長和就業率上升提供了就業保障，增強了消費者購買汽車的信心，而可負擔的利率對汽車金融市場產生了積極影響。當地強勁的經濟狀況鼓勵消費者增加汽車支出，更容易從銀行和汽車貸款服務提供者獲得融資，從而促進汽車金融市場的成長。

汽車需求對汽車金融市場有直接影響，因為汽車銷售的成長與汽車貸款和購車租賃需求的成長成正比。電動車在世界各地的日益普及也是汽車銷售成長的因素。多個政府正在推動電動車的採用並提供補貼，使消費者更容易獲得汽車貸款，預計這將在預測期內推動汽車金融市場的成長。例如，日本政府在 2021 年為 CEV（清潔能源汽車）提供高達 80 萬日圓（即每輛車 7,200 美元）的補貼。

信貸供應的擴大、車輛的可負擔性和行業競爭格局的擴大預計將推動市場的發展。

由於消費者對經濟型汽車和汽車貸款的需求不斷成長，幾家主要汽車製造商正在與汽車金融公司合作，以合適的利率提供經濟型汽車和汽車貸款，以滿足消費者的需求。因此，汽車價格的變化，包括獎勵、折扣和租賃條款，會影響消費者的購買決策和融資偏好。實惠的定價和有吸引力的融資刺激了汽車需求並對汽車金融市場產生積極影響。

此外，信貸可用性、借款人信用評估標準和技術的進步正在改變汽車金融業，帶來線上貸款申請、數位支付平台和自動化核保流程等創新。這些是預測期內推動汽車金融市場成長的關鍵因素。

市場限制因素：

儘管汽車金融在使消費者更容易購買或租賃汽車方面發揮著重要作用，並且技術進步使申請汽車貸款變得更加方便，但汽車金融市場在預測期內仍將繼續成長，您可能會面臨各種挑戰。例如，全球經濟的不確定性導致世界各地人們的收入差距，再加上不斷變化的貸款利率，阻礙了汽車融資市場。

此外，有關貸款和租賃的政府法規和合規性的變化可能與市場政策不同，汽車金融服務供應商可能難以遵守這些不斷變化的法規。因此，預計在預測期內將阻礙汽車金融市場的成長。

預計北美地區的成長將顯著。

預計北美地區汽車金融市場將顯著成長。汽車金融服務供應商在美國、加拿大和墨西哥等多個國家激增，使消費者更容易以合理的利率購買汽車。

此外，全部區域汽車銷售的成長促進了一般消費者汽車貸款需求的增加，從而對預測期內北美地區的汽車金融市場產生了積極影響。汽車產業快速發展的亞太地區，汽車金融市場也可望大幅成長。

主要企業提供的產品

HDB 金融服務：為購買新車、購買二手車和二手車再融資提供汽車貸款，利率低。
Muthoot Fincorp：汽車貸款提供靈活的還款選擇、有吸引力的利率以及快速簡便的文件記錄。

主要進展：

2023 年 11 月，美國銀行公司將推出新的創新數位工具，幫助客戶預先獲得汽車貸款資格，了解他們可以藉多少錢並估算條款，無論信用評分如何。

介紹
北美洲
- 按提供者類型
- 按目標類型
- 按車型分類
- 按國家/地區
南美洲
- 按提供者類型
- 按目標類型
- 按車型分類
- 按國家/地區
歐洲
- 按提供者類型
- 按目標類型
- 按車型分類
- 按國家/地區
中東/非洲
- 按提供者類型
- 按目標類型
- 按車型分類
- 按國家/地區
亞太地區
- 按提供者類型
- 按目標類型
- 按車型分類
- 按國家/地區

第9章競爭環境及分析

主要企業及策略分析
市場佔有率分析
合併、收購、協議和合作
競爭對手儀表板

第10章公司簡介

Tata Motors Finance
Genpact
Solifi
Bajaj Auto Finance
Muthoot FinCorp
Accenture
Sopra Banking Software
SAIC Motor
Alfa Financial Software
Lincoln

簡介目錄

Product Code: KSI061616933

Automotive Finance Market is projected to grow at a CAGR of 5.41% from estimated value of US$297.009 billion in 2024 to US$386.442 billion in 2029.

Automotive finance provides the general public and different businesses or enterprises with financial help in purchasing an automobile or leasing it by using various financial products and services like auto loans and charging some percentage of interest in return. Therefore, automotive finance plays an important role in providing customers and businesses to purchase or lease vehicles without having to pay the full purchase amount. They can also easily apply online now with the technological advancements in the automotive finance industry that make it convenient for customers to get a loan or lease.

Automotive finance has several types, including auto loans, which are loans provided by banks or any finance companies to customers, including businesses, to purchase vehicles, and over a fixed amount of time, they have to return the total loan amount plus the interest on that loan. Some of the money lenders in the market determine the loan terms and interest rates by considering factors such as credit score or annual income and, based on that, decide whether they are eligible or not.

INTRODUCTION:

The automotive finance market is driven by the improving economic conditions and increasing sales and demand for vehicles across the globe. The growth in disposable income among the general public and the GDP of several growing economies are contributing to consumers being confident in taking loans or leases for vehicles when they can pay it off with a stable and good income. The affordable interest rates set by central banks influence borrowing costs for consumers and businesses as they get interested in buying vehicles when they get good interest rates on automotive loans and leases.

The government regulations for consumer protection laws and financial regulations build trust among customers for taking auto loans and innovations such as online loan applications, digital payment platforms, and automated underwriting processes. This makes auto finance processes easier for the consumer, all contributing to automotive finance market growth over the forecast period.

Moreover, the increase in vehicle affordability and pricing makes it easy for consumers to purchase automobiles using automotive finance and the credit availability and risk assessment that helps assess borrower creditworthiness are crucial factors in the auto finance market and are driving the market growth. The shifts in consumer preferences that include preferences for vehicle types and ownership models, competition among auto finance providers, global economic trends, trade policies, and market integration efforts are all anticipated to boost the automotive finance market over the forecast period.

MARKET DRIVERS:

Growth in economies and vehicle sales across the globe is predicted to propel the market:

The growth in economies with rapid industrialization and urbanization in several countries across the globe drives the automotive finance market. This is further leading to GDP growth, rising employment rates which are giving job security to people that grow consumer confidence to spend money on vehicles, and affordable interest rates that positively impact the automotive finance market. The stronger economic conditions of a region lead to customers spending high amounts on vehicles and getting easier access to credit from banks or auto loan service providers, which helps in the automotive finance market growth.

The demand for automobiles directly affects the automotive finance market because the growth in vehicle sales is directly proportional to the growing need for auto loans or leases for purchasing vehicles. The global rise in the popularity of EVs is also a contributing factor in the rising sales of vehicles as several governments are promoting and providing subsidies on EVs, which is making it easy for consumers to take auto loans, which in turn is predicted to propel the automotive finance market growth over the forecast period. For instance, the Japanese government provided a maximum of 800,000 Japanese Yen or 7,200 US Dollars for CEV or clean energy vehicles subsidies given per vehicle in 2021.

The growing credit availability, vehicle affordability, and competitive landscape in the automotive finance industry are projected to drive the market.

The growing consumer demand for affordable vehicles and auto loans among the general public is driving several key automobile manufacturers to work together with auto finance companies to deliver a product range that is affordable with suitable interest rates according to the consumer's need. Therefore, changes in vehicle prices, including incentives, discounts, and leasing terms, influence consumers' purchasing decisions and financing preferences. Affordable pricing and attractive financing offers can stimulate demand for vehicles, which positively affects the automotive finance market.

Additionally, the availability of credit, the criteria used for assessing borrower creditworthiness, and advancements in technology have transformed the automotive finance industry, leading to innovations such as online loan applications, digital payment platforms, and automated underwriting processes. These are critical factors that drive the automotive finance market's growth over the forecast period.

MARKET RESTRAINT:

Automotive finance, despite having an important role in making it easy for consumers to purchase or lease vehicles and convenient to apply for automotive loans with technological advancements, can face various constraints that can impact the automotive finance market negatively in the forecast period. For instance, the uncertainties in the global economy leading to varying incomes of people across the globe, coupled with constantly changing interest rates for loans, are hindering the automotive finance market.

Furthermore, the changing government regulations and compliances for loans or leases may differ with the policies in the market and several automotive finance service providers can find it difficult to comply with these changing regulations. Thus, anticipated to hinder the automotive finance market growth over the forecast period.

The growth is projected to be prominent in the North American region.

The North American region is expected to show major growth in the automotive finance market. A growing number of automotive finance service providers in several countries, such as the USA, Canada, and Mexico, are making it easy for consumers to purchase vehicles with suitable interest rates.

Additionally, the growth in automobile sales across the region is contributing to the rise in the need for auto loans among the general public and, therefore, is positively impacting the automotive finance market in the North American region over the forecast period. The Asia-Pacific region, with rapid growth in the automotive industry region, is expected to show significant growth in the automotive finance market.

Products Offered by Key Companies:

HDB Financial Services: Auto loan is provided for new car purchases, used car purchases, and used car re-finance coupled with the advantages of low car loan interest rates.
Muthoot Fincorp: Auto loan has flexible repayment options, attractive interest rates with schemes, and quick and easy documentation.

Key Developments:

In November 2023, Bank of America Corporation announced the launch of new and innovative digital tools so that clients can get pre-qualified for auto financing, learn how much they may be able to borrow, and estimate their terms without any impact on credit scores.

Segmentation:

By Provider Type

Bank
OEMs
Others

By Purpose Type

Loan
Lease

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Geography

North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
Japan
China
India
South Korea
Taiwan
Thailand
Indonesia
Others

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers
- 4.3.2. Bargaining Power of Buyers
- 4.3.3. Threat of New Entrants
- 4.3.4. Threat of Substitutes
- 4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View

5. AUTOMOTIVE FINANCE MARKET BY PROVIDER TYPE

5.1. Introduction
5.2. Bank
- 5.2.1. Market Trends and Opportunities
- 5.2.2. Growth Prospects
- 5.2.3. Geographic Lucrativeness
5.3. OEMs
- 5.3.1. Market Trends and Opportunities
- 5.3.2. Growth Prospects
- 5.3.3. Geographic Lucrativeness
5.4. Others
- 5.4.1. Market Trends and Opportunities
- 5.4.2. Growth Prospects
- 5.4.3. Geographic Lucrativeness

6. AUTOMOTIVE FINANCE MARKET BY PURPOSE TYPE

6.1. Introduction
6.2. Loan
- 6.2.1. Market Trends and Opportunities
- 6.2.2. Growth Prospects
- 6.2.3. Geographic Lucrativeness
6.3. Lease
- 6.3.1. Market Trends and Opportunities
- 6.3.2. Growth Prospects
- 6.3.3. Geographic Lucrativeness

7. AUTOMOTIVE FINANCE MARKET BY VEHICLE TYPE

7.1. Introduction
7.2. Passenger Cars
- 7.2.1. Market Trends and Opportunities
- 7.2.2. Growth Prospects
- 7.2.3. Geographic Lucrativeness
7.3. Commercial Vehicles
- 7.3.1. Market Trends and Opportunities
- 7.3.2. Growth Prospects
- 7.3.3. Geographic Lucrativeness

8. AUTOMOTIVE FINANCE MARKET BY GEOGRAPHY

8.1. Introduction
8.2. North America
- 8.2.1. By Provider Type
- 8.2.2. By Purpose Type
- 8.2.3. By Vehicle Type
- 8.2.4. By Country
  - 8.2.4.1. United States
    - 8.2.4.1.1. Market Trends and Opportunities
    - 8.2.4.1.2. Growth Prospects
  - 8.2.4.2. Canada
    - 8.2.4.2.1. Market Trends and Opportunities
    - 8.2.4.2.2. Growth Prospects
  - 8.2.4.3. Mexico
    - 8.2.4.3.1. Market Trends and Opportunities
    - 8.2.4.3.2. Growth Prospects
8.3. South America
- 8.3.1. By Provider Type
- 8.3.2. By Purpose Type
- 8.3.3. By Vehicle Type
- 8.3.4. By Country
  - 8.3.4.1. Brazil
    - 8.3.4.1.1. Market Trends and Opportunities
    - 8.3.4.1.2. Growth Prospects
  - 8.3.4.2. Argentina
    - 8.3.4.2.1. Market Trends and Opportunities
    - 8.3.4.2.2. Growth Prospects
  - 8.3.4.3. Others
    - 8.3.4.3.1. Market Trends and Opportunities
    - 8.3.4.3.2. Growth Prospects
8.4. Europe
- 8.4.1. By Provider Type
- 8.4.2. By Purpose Type
- 8.4.3. By Vehicle Type
- 8.4.4. By Country
  - 8.4.4.1. United Kingdom
    - 8.4.4.1.1. Market Trends and Opportunities
    - 8.4.4.1.2. Growth Prospects
  - 8.4.4.2. Germany
    - 8.4.4.2.1. Market Trends and Opportunities
    - 8.4.4.2.2. Growth Prospects
  - 8.4.4.3. France
    - 8.4.4.3.1. Market Trends and Opportunities
    - 8.4.4.3.2. Growth Prospects
  - 8.4.4.4. Italy
    - 8.4.4.4.1. Market Trends and Opportunities
    - 8.4.4.4.2. Growth Prospects
  - 8.4.4.5. Spain
    - 8.4.4.5.1. Market Trends and Opportunities
    - 8.4.4.5.2. Growth Prospects
  - 8.4.4.6. Others
    - 8.4.4.6.1. Market Trends and Opportunities
    - 8.4.4.6.2. Growth Prospects
8.5. Middle East and Africa
- 8.5.1. By Provider Type
- 8.5.2. By Purpose Type
- 8.5.3. By Vehicle Type
- 8.5.4. By Country
  - 8.5.4.1. Saudi Arabia
    - 8.5.4.1.1. Market Trends and Opportunities
    - 8.5.4.1.2. Growth Prospects
  - 8.5.4.2. UAE
    - 8.5.4.2.1. Market Trends and Opportunities
    - 8.5.4.2.2. Growth Prospects
  - 8.5.4.3. Others
    - 8.5.4.3.1. Market Trends and Opportunities
    - 8.5.4.3.2. Growth Prospects
8.6. Asia Pacific
- 8.6.1. By Provider Type
- 8.6.2. By Purpose Type
- 8.6.3. By Vehicle Type
- 8.6.4. By Country
  - 8.6.4.1. Japan
    - 8.6.4.1.1. Market Trends and Opportunities
    - 8.6.4.1.2. Growth Prospects
  - 8.6.4.2. China
    - 8.6.4.2.1. Market Trends and Opportunities
    - 8.6.4.2.2. Growth Prospects
  - 8.6.4.3. India
    - 8.6.4.3.1. Market Trends and Opportunities
    - 8.6.4.3.2. Growth Prospects
  - 8.6.4.4. South Korea
    - 8.6.4.4.1. Market Trends and Opportunities
    - 8.6.4.4.2. Growth Prospects
  - 8.6.4.5. Taiwan
    - 8.6.4.5.1. Market Trends and Opportunities
    - 8.6.4.5.2. Growth Prospects
  - 8.6.4.6. Thailand
    - 8.6.4.6.1. Market Trends and Opportunities
    - 8.6.4.6.2. Growth Prospects
  - 8.6.4.7. Indonesia
    - 8.6.4.7.1. Market Trends and Opportunities
    - 8.6.4.7.2. Growth Prospects
  - 8.6.4.8. Others
    - 8.6.4.8.1. Market Trends and Opportunities
    - 8.6.4.8.2. Growth Prospects