Automotive Financing Market | Accelerate at a CAGR of over 4% during 2020-2024 | Technavio

LONDON--Technavio has been monitoring the automotive financing market and it is poised to grow by USD 70.11 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive financing market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by Type, which is the leading segment in the market?
  Passenger vehicles is the leading segment in the market.
• What are the major trends in the market?
  Growing investments in autonomous vehicles is one of the major trends in the market.
• At what rate is the market projected to grow?
  The market growth will accelerate at a CAGR of over 4%.
• Who are the top players in the market?
  Ally Financial Inc., Capital One Financial Corp., Daimler AG, Ford Motor Co., General Motors Co., HSBC Holdings Plc, Hyundai Motor Co., Nissan Motor Co. Ltd., Toyota Motor Corp., and Volkswagen AG are the top players in the market.
• What are the key market drivers and challenges?
  Rise in cab service financing and increase in ride-sharing services are the key market drivers and challenges.
• How big is the APAC market
  50% of growth will originate from APAC in 2019.

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Global Automotive E-retail Market- Automotive E-retail Market is segmented by product (passenger cars and two-wheelers) and geography (APAC, Europe, MEA, North America, and South America). Click here to get a free sample report.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ally Financial Inc., Capital One Financial Corp., Daimler AG, Ford Motor Co., General Motors Co., HSBC Holdings Plc, Hyundai Motor Co., Nissan Motor Co. Ltd., Toyota Motor Corp., and Volkswagen AG are some of the major market participants. Although the rise in cab service financing will offer immense growth opportunities, is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive financing market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Financing Market 2020-2024: Segmentation

Automotive Financing Market is segmented as below:

• Type
  • Passenger Vehicle
  • Commercial Vehicle
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA
• Application
  • Used Vehicle
  • New Vehicle

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45726

Automotive Financing Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive financing market report covers the following areas:

• Automotive Financing Market Size
• Automotive Financing Market Trends
• Automotive Financing Market Industry Analysis

This study identifies growing investments in autonomous vehicles as one of the prime reasons driving the Automotive Financing Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Financing Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive financing market growth during the next five years
• Estimation of the automotive financing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive financing market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive financing market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Passenger vehicle - Market size and forecast 2019-2024
• Commercial vehicle - Market size and forecast 2019-2024
• Market opportunity by Type

Market Segmentation by Application

• Market segments
• Comparison by Application
• Used vehicle - Market size and forecast 2019-2024
• New Vehicle - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Ally Financial Inc.
• Capital One Financial Corp.
• Daimler AG
• Ford Motor Co.
• General Motors Co.
• HSBC Holdings Plc
• Hyundai Motor Co.
• Nissan Motor Co. Ltd.
• Toyota Motor Corp.
• Volkswagen AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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