Automotive Finance Market Size, Share & Trends Analysis Report By Provider Type (Banks, OEMs), By Finance Type (Direct, Indirect), By Purpose Type (Loan, Leasing), By Vehicle Type, And Segment Forecasts, 2019 - 2026

Published: Dec, 2019 | Pages: 160 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global automotive finance market size is anticipated to reach USD 344.1 billion by 2026, registering a CAGR of 6.7% over the forecast period, according to a new report by Grand View Research Inc. A progressive increase in vehicle registration, a high percentage of automotive ownership per household, and increasing average price of advanced vehicles are the factors favoring the growth. Automotive finance providers aid customers from emerging economies like China and India to purchase and lease vehicles at affordable prices. This factor is playing a key role in supporting the market growth in the emerging economies.

Implementation of technologies, such as Artificial Intelligence (AI), blockchain technology, and business analytics by automotive finance providers over the past few years has led to improvements in the quality of service and level of customer satisfaction. These advanced technologies make the financing process more organized and secure. These technologies also utilize new price points obtained from data analysis and ongoing market channel development trends.

Regular standardization of automotive finance levels, customer segments, and models has led to the development of innovative finance tools and improved customer knowledge. The investment companies are required to thoroughly understand the existing opportunities to better comprehend their capabilities in the present and the future scenarios for better decision-making and prioritizing their investments. The situation will be further improved by the standardization of credit checking systems.

Specialized operating models, such as risk-based pricing are used to ensure cost-effective deployment of loans that match to the requirements of economies of scale. The young population prefers leasing vehicles of choice at a trivial cost for a certain period of time and then switching to a better and more advanced models according to the changing preferences or requirements. However, various factors such as the changing customer behavior and lack of a clear technology roadmap are expected to challenge the market growth.

Further key findings from the study suggest:

• Banks segment generated the highest revenue share in 2019 and is expected to expand at a CAGR of 6.3% over the forecast period. Customers from the major emerging and developed economies prefer government banks and authorized financial institutions for loans and credit, to avoid any risk factor or discrepancy in the transaction process

• Direct automotive finance is expected to remain the most adopted method of financing automotive parts over the forecast period, as it is easily accessible through banks

• The leasing segment is estimated to register the fastest CAGR over the forecast period owing to the increasing customer preference for owning advanced vehicles with high-tech and enhanced safety features without bearing the complete cost of the vehicle

• Passenger vehicles segment is expected to witness remarkable growth during the forecast period, owing to the availability of abundant and easily accessible information regarding automotive finance preferences and increasing new passenger car registrations

• Europe is expected to dominate the automotive finance market over the forecast period owing to the presence of a large number of leading automotive finance providers in the region and adoption of advanced tools such as e-contracts, biometrics, and machine learning

• Toyota Motor Credit Corporation, Hitachi Capital; Ford Motor Credit Company; Daimler Financial Services; GM Financial Inc.; and Ally Financial are some of the key players in the market

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope and Assumptions
                 1.3 List of Data Sources

Chapter 2 Executive Summary
                 2.1 Automotive Finance Market - Industry Snapshot & Key Buying Criteria, 2015 - 2026
                 2.2 Global Automotive Finance Market, 2015 - 2026
                     2.2.1 Global automotive finance market, by region, 2015 - 2026
                     2.2.2 Global automotive finance market, by provider type, 2015 - 2026
                     2.2.3 Global automotive finance market, by finance type, 2015 - 2026
                     2.2.4 Global automotive finance market, by purpose type, 2015 - 2026
                     2.2.5 Global automotive finance market, by vehicle type, 2015 - 2026

Chapter 3 Automotive Finance Industry Outlook
                 3.1 Market Segmentation and Scope
                 3.2 Market Size and Growth Prospects
                 3.3 Automotive Finance Market - Value Chain Analysis
                     3.3.1 Vendor landscape
                 3.4 Automotive Finance Market Dynamics
                     3.4.1 Market driver analysis
                         3.4.1.1 Increasing investments in autonomous vehicles
                         3.4.1.2 Growing demand for EVs
                     3.4.2 Market challenge analysis
                         3.4.2.1 High competition within the industry
                 3.5 Automotive Finance Market - Company Market Share Analysis, 2019
                 3.6 Penetration and Growth Prospect Mapping
                 3.7 Automotive Finance Market - Porter's Five Forces Analysis
                 3.8 Automotive Finance Market - PESTEL Analysis

Chapter 4 Automotive Finance Provider Type Outlook
                 4.1 Automotive Finance Market Share by Provider Type, 2019
                 4.2 Banks
                     4.2.1 Automotive finance market in banks, 2015 - 2026
                 4.3 OEMs
                     4.3.1 Automotive finance market in OEMs, 2015 - 2026
                 4.4 Other Financial Institutions
                     4.4.1 Automotive finance market in other financial institutions, 2015 - 2026

Chapter 5 Automotive Finance Type Outlook
                 5.1 Automotive Finance Market Share by Finance Type, 2019
                 5.2 Direct
                     5.2.1 Direct automotive finance market, 2015 - 2026
                 5.3 Indirect
                     5.3.1 Indirect automotive finance market, 2015 - 2026

Chapter 6 Automotive Finance Purpose Type Outlook
                 6.1 Automotive Finance Market Share by Purpose Type, 2019
                 6.2 Loan
                     6.2.1 Automotive finance market by loan, 2015 - 2026
                 6.3 Leasing
                     6.3.1 Automotive finance market by leasing, 2015 - 2026
                 6.4 Others
                     6.4.1 Automotive finance market by other purpose type, 2015 - 2026

Chapter 7 Automotive Finance Vehicle Type Outlook
                 7.1 Automotive Finance Market Share by Vehicle Type, 2019
                 7.2 Commercial Vehicles
                     7.2.1 Automotive finance market for commercial vehicles, 2015 - 2026
                 7.3 Passenger Vehicles
                     7.3.1 Automotive finance market for passenger vehicles, 2015 - 2026

Chapter 8 Automotive Finance Regional Outlook
                 8.1 Automotive Finance Market Share by Region, 2019
                 8.2 North America
                     8.2.1 North America automotive finance market, 2015 - 2026
                     8.2.2 North America automotive finance market, by provider type, 2015 - 2026
                     8.2.3 North America automotive finance market, by finance type, 2015 - 2026
                     8.2.4 North America automotive finance market, by purpose type, 2015 - 2026
                     8.2.5 North America automotive finance market, by vehicle type, 2015 - 2026
                     8.2.6 U.S.
                         8.2.6.1 U.S. automotive finance market, 2015 - 2026
                         8.2.6.2 U.S. automotive finance market, by provider type, 2015 - 2026
                         8.2.6.3 U.S. automotive finance market, by finance type, 2015 - 2026
                         8.2.6.4 U.S. automotive finance market, by purpose type, 2015 - 2026
                         8.2.6.5 U.S. automotive finance market, by vehicle type, 2015 - 2026
                     8.2.7 Canada
                         8.2.7.1 Canada automotive finance market, 2015 - 2026
                         8.2.7.2 Canada automotive finance market, by provider type, 2015 - 2026
                         8.2.7.3 Canada automotive finance market, by finance type, 2015 - 2026
                         8.2.7.4 Canada automotive finance market, by purpose type, 2015 - 2026
                         8.2.7.5 Canada automotive finance market, by vehicle type, 2015 - 2026
                 8.3 Europe
                     8.3.1 Europe automotive finance market, 2015 - 2026
                     8.3.2 Europe automotive finance market, by provider type, 2015 - 2026
                     8.3.3 Europe automotive finance market, by finance type, 2015 - 2026
                     8.3.4 Europe automotive finance market, by purpose type, 2015 - 2026
                     8.3.5 Europe automotive finance market, by vehicle type, 2015 - 2026
                     8.3.6 Germany
                         8.3.6.1 Germany automotive finance market, 2015 - 2026
                         8.3.6.2 Germany automotive finance market, by provider type, 2015 - 2026
                         8.3.6.3 Germany automotive finance market, by finance type, 2015 - 2026
                         8.3.6.4 Germany automotive finance market, by purpose type, 2015 - 2026
                         8.3.6.5 Germany automotive finance market, by vehicle type, 2015 - 2026
                     8.3.7 U.K.
                         8.3.7.1 U.K. automotive finance market, 2015 - 2026
                         8.3.7.2 U.K. automotive finance market, by provider type, 2015 - 2026
                         8.3.7.3 U.K. automotive finance market, by finance type, 2015 - 2026
                         8.3.7.4 U.K. automotive finance market, by purpose type, 2015 - 2026
                         8.3.7.5 U.K. automotive finance market, by vehicle type, 2015 - 2026
                 8.4 Asia Pacific
                     8.4.1 Asia Pacific automotive finance market, 2015 - 2026
                     8.4.2 Asia Pacific automotive finance market, by provider type, 2015 - 2026
                     8.4.3 Asia Pacific automotive finance market, by finance type, 2015 - 2026
                     8.4.4 Asia Pacific automotive finance market, by purpose type, 2015 - 2026
                     8.4.5 Asia Pacific automotive finance market, by vehicle type, 2015 - 2026
                     8.4.6 China
                         8.4.6.1 China automotive finance market, 2015 - 2026
                         8.4.6.2 China automotive finance market, by provider type, 2015 - 2026
                         8.4.6.3 China automotive finance market, by finance type, 2015 - 2026
                         8.4.6.4 China automotive finance market, by purpose type, 2015 - 2026
                         8.4.6.5 China automotive finance market, by vehicle type, 2015 - 2026
                     8.4.7 India
                         8.4.7.1 India automotive finance market, 2015 - 2026
                         8.4.7.2 India automotive finance market, by provider type, 2015 - 2026
                         8.4.7.3 India automotive finance market, by finance type, 2015 - 2026
                         8.4.7.4 India automotive finance market, by purpose type, 2015 - 2026
                         8.4.7.5 India automotive finance market, by vehicle type, 2015 - 2026
                     8.4.8 Japan
                         8.4.8.1 Japan automotive finance market, 2015 - 2026
                         8.4.8.2 Japan automotive finance market, by provider type, 2015 - 2026
                         8.4.8.3 Japan automotive finance market, by finance type, 2015 - 2026
                         8.4.8.4 Japan automotive finance market, by purpose type, 2015 - 2026
                         8.4.8.5 Japan automotive finance market, by vehicle type, 2015 - 2026
                 8.5 Latin America
                     8.5.1 Latin America automotive finance market, 2015 - 2026
                     8.5.2 Latin America automotive finance market, by provider type, 2015 - 2026
                     8.5.3 Latin America automotive finance market, by finance type, 2015 - 2026
                     8.5.4 Latin America automotive finance market, by purpose type, 2015 - 2026
                     8.5.5 Latin America automotive finance market, by vehicle type, 2015 - 2026
                     8.5.6 Brazil
                         8.5.6.1 Brazil automotive finance market, 2015 - 2026
                         8.5.6.2 Brazil automotive finance market, by provider type, 2015 - 2026
                         8.5.6.3 Brazil automotive finance market, by finance type, 2015 - 2026
                         8.5.6.4 Brazil automotive finance market, by purpose type, 2015 - 2026
                         8.5.6.5 Brazil automotive finance market, by vehicle type, 2015 - 2026
                 8.6 MEA
                     8.6.1 MEA automotive finance market, 2015 - 2026
                     8.6.2 MEA automotive finance market, by provider type, 2015 - 2026
                     8.6.3 MEA automotive finance market, by finance type, 2015 - 2026
                     8.6.4 MEA automotive finance market, by purpose type, 2015 - 2026
                     8.6.5 MEA automotive finance market, by vehicle type, 2015 - 2026
                     8.6.6 South Africa
                         8.6.6.1 South Africa automotive finance market, 2015 - 2026
                         8.6.6.2 South Africa automotive finance market, by provider type, 2015 - 2026
                         8.6.6.3 South Africa automotive finance market, by finance type, 2015 - 2026
                         8.6.6.4 South Africa automotive finance market, by purpose type, 2015 - 2026
                         8.6.6.5 South Africa automotive finance market, by vehicle type, 2015 - 2026

Chapter 9 Competitive Landscape
                 9.1 Ally Financial
                     9.1.1 Company overview
                     9.1.2 Financial performance
                     9.1.3 Product benchmarking
                     9.1.4 Strategic initiatives
                 9.2 Bank of America
                     9.2.1 Company overview
                     9.2.2 Financial performance
                     9.2.3 Product benchmarking
                     9.2.4 Strategic initiatives
                 9.3 Capital One
                     9.3.1 Company overview
                     9.3.2 Financial performance
                     9.3.3 Product benchmarking
                     9.3.4 Strategic initiatives
                 9.4 Chase Auto Finance
                     9.4.1 Company overview
                     9.4.2 Financial performance
                     9.4.3 Product benchmarking
                     9.4.4 Strategic initiatives
                 9.5 Daimler Financial Services
                     9.5.1 Company overview
                     9.5.2 Financial performance
                     9.5.3 Product benchmarking
                     9.5.4 Strategic initiatives
                 9.6 Ford Motor Credit Company
                     9.6.1 Company overview
                     9.6.2 Financial performance
                     9.6.3 Product benchmarking
                     9.6.4 Strategic initiatives
                 9.7 GM Financial Inc.
                     9.7.1 Company overview
                     9.7.2 Financial performance
                     9.7.3 Product benchmarking
                     9.7.4 Strategic initiatives
                 9.8 Hitachi Capital
                     9.8.1 Company overview
                     9.8.2 Financial performance
                     9.8.3 Product benchmarking
                     9.8.4 Strategic initiatives
                 9.9 Toyota Financial Services
                     9.9.1 Company overview
                     9.9.2 Financial performance
                     9.9.3 Product benchmarking
                     9.9.4 Strategic initiatives
                 9.10 Volkswagen Financial Services
                     9.10.1 Company overview
                     9.10.2 Financial performance
                     9.10.3 Product benchmarking
                     9.10.4 Strategic initiatives
                 9.11 List of Prominent Market Players

List of Tables

TABLE 1 Automotive finance market - Industry snapshot & key buying criteria, 2015 - 2026
TABLE 2 Global automotive finance market, 2015 - 2026 (USD Billion)
TABLE 3 Global automotive finance market, by region, 2015 - 2026 (USD Billion)
TABLE 4 Global automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 5 Global automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 6 Global automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 7 Global automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 8 Vendor landscape
TABLE 9 Automotive finance market - Key market driver impact
TABLE 10 Automotive finance market- Key market challenge impact
TABLE 11 Automotive finance market in banks, 2015 - 2026 (USD Billion)
TABLE 12 Automotive finance market in banks, by region, 2015 - 2026 (USD Billion)
TABLE 13 Automotive finance market in OEMs, 2015 - 2026 (USD Billion)
TABLE 14 Automotive finance market in OEMs, by region, 2015 - 2026 (USD Billion)
TABLE 15 Automotive finance market in other financial institutions, 2015 - 2026 (USD Billion)
TABLE 16 Automotive finance market in other financial institutions, by region, 2015 - 2026 (USD Billion)
TABLE 17 Direct automotive finance market, 2015 - 2026 (USD Billion)
TABLE 18 Direct automotive finance market, by region, 2015 - 2026 (USD Billion)
TABLE 19 Indirect automotive finance market, 2015 - 2026 (USD Billion)
TABLE 20 Indirect automotive finance market, by region, 2015 - 2026 (USD Billion)
TABLE 21 Automotive finance market by loan, 2015 - 2026 (USD Billion)
TABLE 22 Automotive finance market by loan, by region, 2015 - 2026 (USD Billion)
TABLE 23 Automotive finance market by leasing, 2015 - 2026 (USD Billion)
TABLE 24 Automotive finance market by leasing, by region, 2015 - 2026 (USD Billion)
TABLE 25 Automotive finance market by other purpose type, 2015 - 2026 (USD Billion)
TABLE 26 Automotive finance market by other purpose type, by region, 2015 - 2026 (USD Billion)
TABLE 27 Automotive finance market for commercial vehicles, 2015 - 2026 (USD Billion)
TABLE 28 Automotive finance market for commercial vehicles, by region, 2015 - 2026 (USD Billion)
TABLE 29 Automotive finance market for passenger vehicles, 2015 - 2026 (USD Billion)
TABLE 30 Automotive finance market for passenger vehicles, by region, 2015 - 2026 (USD Billion)
TABLE 31 North America automotive finance market, 2015 - 2026 (USD Billion)
TABLE 32 North America automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 33 North America automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 34 North America automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 35 North America automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 36 U.S. automotive finance market, 2015 - 2026 (USD Billion)
TABLE 37 U.S. automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 38 U.S. automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 39 U.S. automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 40 U.S. automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 41 Canada automotive finance market, 2015 - 2026 (USD Billion)
TABLE 42 Canada automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 43 Canada automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 44 Canada automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 45 Canada automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 46 Europe automotive finance market, 2015 - 2026 (USD Billion)
TABLE 47 Europe automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 48 Europe automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 49 Europe automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 50 Europe automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 51 Germany automotive finance market, 2015 - 2026 (USD Billion)
TABLE 52 Germany automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 53 Germany automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 54 Germany automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 55 Germany automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 56 U.K. automotive finance market, 2015 - 2026 (USD Billion)
TABLE 57 U.K. automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 58 U.K. automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 59 U.K. automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 60 U.K. automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 61 Asia Pacific automotive finance market, 2015 - 2026 (USD Billion)
TABLE 62 Asia Pacific automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 63 Asia Pacific automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 64 Asia Pacific automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 65 Asia Pacific automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 66 China automotive finance market, 2015 - 2026 (USD Billion)
TABLE 67 China automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 68 China automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 69 China automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 70 China automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 71 India automotive finance market, 2015 - 2026 (USD Billion)
TABLE 72 India automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 73 India automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 74 India automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 75 India automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 76 Japan automotive finance market, 2015 - 2026 (USD Billion)
TABLE 77 Japan automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 78 Japan automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 79 Japan automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 80 Japan automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 81 Latin America automotive finance market, 2015 - 2026 (USD Billion)
TABLE 82 Latin America automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 83 Latin America automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 84 Latin America automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 85 Latin America automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 86 Brazil automotive finance market, 2015 - 2026 (USD Billion)
TABLE 87 Brazil automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 88 Brazil automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 89 Brazil automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 90 Brazil automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 91 MEA automotive finance market, 2015 - 2026 (USD Billion)
TABLE 92 MEA automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 93 MEA automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 94 MEA automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 95 MEA automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)
TABLE 91 South Africa automotive finance market, 2015 - 2026 (USD Billion)
TABLE 92 South Africa automotive finance market, by provider type, 2015 - 2026 (USD Billion)
TABLE 93 South Africa automotive finance market, by finance type, 2015 - 2026 (USD Billion)
TABLE 94 South Africa automotive finance market, by purpose type, 2015 - 2026 (USD Billion)
TABLE 95 South Africa automotive finance market, by vehicle type, 2015 - 2026 (USD Billion)

List of Figures

FIG. 1 Market segmentation
FIG. 2 Automotive finance market, 2015 - 2026 (USD Billion)
FIG. 3 Automotive finance market - Value chain analysis
FIG. 4 Automotive finance market - Market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Automotive finance market - Company market share analysis, 2019
FIG. 7 Automotive finance market - Porter's five forces analysis
FIG. 8 Automotive finance market - PESTEL analysis
FIG. 9 Automotive finance market, by provider type, 2019 & 2025
FIG. 10 Automotive finance market, by finance type, 2019 & 2025
FIG. 11 Automotive finance market, by purpose type, 2019 & 2025
FIG. 12 Automotive finance market, by vehicle type, 2019 & 2025
FIG. 13 Automotive finance market, by region, 2019 & 2025
FIG. 14 North America automotive finance market - Key takeaways
FIG. 15 Europe automotive finance market - Key takeaways
FIG. 16 Asia Pacific automotive finance market - Key takeaways
FIG. 17 Latin America automotive finance market - Key takeaways
FIG. 18 MEA automotive finance market - Key takeaways