The global汽车金融市场size is expected to reach USD 392.78 billion by 2028 according to a new study by Polaris Market Research. The report“汽车金融市场份额、大小的趋势,dustry Analysis Report, By Type (Indirect, Direct); By Service Type (New Vehicles, Used Vehicles, Others); By Vehicle Type (Passenger Vehicles, Commercial Vehicles); By Purpose (Leasing, Loan, Others); By Provider; By Regions; Segment Forecast, 2021 – 2028”gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing penetration of passenger vehicles, rising modernization of vehicles, and development of autonomous vehicles are some factors expected to drive the market growth during the forecast period. Governments across the world are collaborating with automotive lenders to promote the adoption ofelectric vehicles.
The lenders are adopting technologies such as data analytics, cloud computing,人工智能而且机器学习为客户提供及时服务，提高整体体验。这些技术的集成使贷方能够通过分析外部数据库，内部数据，信用局，社交媒体和在线搜索来扩展业务运营，并提供个性化优惠。
The different types of automotive finance include indirect finance and direct finance. In 2019, the direct automotive finance segment accounted for the highest market share. However, the demand for indirect automotive finance is expected to increase during the forecast period. Indirect automotive finance is offered by the vehicle dealer through auto finance companies, local banks, and the auto manufacturer’s captive car fund company. Indirect automotive finance provides access to a wide network of lenders for consumers in varied credit situations.
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On the basis of service type, the market is segmented into new vehicles and used vehicles. Automotive loan for new vehicles includes longer tenure owing to lower risks and manufacturer guarantee. The higher price of new vehicles and reduced risk of new vehicles result in disbursal of the higher loan amount at a lower interest rate. The down payment and EMI payments for new vehicles are lower as compared to used vehicles.
在车型的基础上，市场被分割成乘用车，商用车辆和其他人。由于与他们相关的高成本，对商用车部门的汽车融资有显着的需求。增加效率和降低商业货物运输维护成本的需求的需求显着增加了对商业车辆的需求，支持该细分市场的增长。各国政府采取特殊举措，以及商业电动汽车用户的特殊计划也补充了这一细分市场的增长。
The market is segmented into banks, OEMs, financial institutions, credit unions, and others based on providers. In 2019, the banks segment accounted for the highest market share owing to benefits such as long repayment tenure, low-interest rate, and quick disbursement. Banks across the works are collaborating with Governments to promote the adoption of electric vehicles.
Countries such as China, India, France, and the U.S. have introduced several incentives and subsidies to encourage the use of electric vehicles. Several banks such as Bank of America have demonstrated their support to acceptance of alternative fuel vehicles by joining the US Department of Energy’s Workplace Charging program.
On the basis of purpose, the market is segmented into leasing, loan, and others. In 2020, the loan segment dominated the global market. However, the demand for leasing is expected to increase during the forecast period. Automotive loan assists consumers in the purchase of a vehicle, while leasing involves payments allowing car possession for a pre-determined amount of time. Some benefits offered by leasing include lower monthly payments, reduced repair expenses, no loan approval, and easy return after the expiry of the lease term.
The demand from Asia Pacific is high owing to increase demand for passenger vehicles, rising disposable income, and modernization of vehicles. Growing concerns regarding air pollution and the increasing need for fuel-efficient vehicles have increased the number of electric cars in countries such as China, the U.S., India, and Japan, driving the growth of the market. The governments in the region have taken various initiatives in the form of subsidies and incentives to increase the acceptance of electric vehicles, thereby increasing the need for automotive finance.
Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence. The developing nations of Asia Pacific would provide significant growth opportunities during the forecast period. Some of the major market participants in the global market include GM Financial Inc., Toyota Financial Services, Daimler Financial Services, Ford Motor, and Standard Bank Group Ltd.
Polaris Market research has segmented the automotive finance market report on the basis of type, service type, vehicle type, provider, purpose, and region:
Automotive Finance, Type Outlook (Revenue, USD Million, 2016 – 2028)
- 间接
- Direct
Automotive Finance, Service Type Outlook (Revenue, USD Million, 2016 – 2028)
- New Vehicles
- Used Vehicles
Automotive Finance, Vehicle Type Outlook (Revenue, USD Million, 2016 – 2028)
- 乘用车
- 商务车辆
- Others
Automotive Finance, Provider Outlook (Revenue, USD Million, 2016 – 2028)
- Banks
- OEMs
- Financial Institutions
- Credit Unions
- Others
Automotive Finance, Purpose Outlook (Revenue, USD Million, 2016 – 2028)
- Leasing
- Loan
- Others
Automotive Finance, Regional Outlook (Revenue, USD Million, 2016 – 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- 奥地利
- Asia Pacific
- China
- India
- 日本
- 韩国
- Malaysia
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- 沙特阿拉伯
- 所以uth Africa
- Israel
- UAE