Research Nester assesses the growth of global automotive finance market over the forecast period, i.e., 2023-2033, and evaluates its future prospects. Rising share of financial services and growing sales of vehicles to drive market growth.
New York – October 31, 2022 - Research Nester’s recent market research analysis on “Automotive Finance Market: Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitor analysis and a detailed overview of the global automotive finance market in terms of market segmentation by finance, provider, purpose, vehicle type, and by region.
Growing Penetration of Financed Vehicles to Drive Growth of Global Automotive Finance Market
The global automotive finance market is estimated to grow majorly on account of the increased demand for vehicles with more people opting for auto loans or leases. For instance, as per data, over 80% of new vehicles in United States were financed with a lease or a loan in 2019.
The market research report on global automotive finance encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
By vehicle type, the global automotive finance market is segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment is to garner a highest revenue by the end of 2033 by growing at a CAGR of ~ 7% over the forecast period. Rise in the sale of passenger cars.
By region, the Europe automotive finance market is to generate the highest revenue by the end of 2033. This growth is anticipated by a higher share of the automotive industry in the gross domestic product.
The research is global in nature and covers a detailed analysis of the automotive finance market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, an analysis comprising of global automotive finance market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global automotive finance market which includes company profiling of Axis Auto Finance Inc., Bank of America Corporation, Mercedes-Benz Group AG, Ford Motor Company, KPMG International Limited, Genpact, General Motors LLC, PricewaterhouseCoopers LLP, Ally Financial Inc., Mitsubishi HC Capital UK PLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global automotive finance market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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