Global auto finance industry expected to reach $397 billion by 2027

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DUBLIN–(BUSINESS WIRE)–The “Automotive Finance Market Research Report by Vendor Type (Banks and OEMs), Type, Purpose Type, Vehicle Type, Region (Americas, Asia Pacific and Europe, Middle East and Africa) – Forecast to 2027 – Cumulative impact of COVID-19″ report has been added to from ResearchAndMarkets.com offer.

The global automotive finance market size was estimated to be USD 249.79 billion in 2021, USD 269.45 billion in 2022, and is projected to grow at a compound annual growth rate (CAGR) of 8.04% to reach 397, 43 billion USD by 2027.

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix evaluates and categorizes vendors in the auto finance market based on business strategy (business growth, industry coverage, financial viability, and channel support) and product satisfaction (quality ratio -price, ease of use, product features, and customer support) that helps businesses make better decisions and better understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

The report provides information about the following pointers:

1. Market Penetration: Provides comprehensive information about the market offered by major players

2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments

3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments

4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players

5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the global automotive finance market?

2. What are the inhibiting factors and impact of COVID-19 on the global automotive finance market during the forecast period?

3. What are the products/segments/applications/areas to invest in during the forecast period in the Global Automotive Finance Market?

4. What is the competitive strategic window for opportunities in the Global Automotive Finance Market?

5. What are the technology trends and regulatory frameworks in the global auto finance market?

6. What is the market share of the major vendors in the global auto finance market?

7. What modes and strategic moves are considered suitable for entering the global auto finance market?

Market dynamics

Drivers

  • Adoption of technologies such as Blockchain technology and AI to enable improved service

  • Growing innovation in e-commerce is reshaping auto finance processes

  • Growing demand for electric vehicles

Constraints

Opportunities

  • Untapped potential in emerging markets

  • Increase in the number of authorized government banks and financial institutions

Challenges

  • Growing environmental concerns

  • Strong competition in the industry

Companies cited

  • Ally Financial Inc.

  • Bank Bradesco SA

  • Bank of America Corporation

  • bank of china

  • BNP Paribas SA

  • Capital one

  • Chase Auto Finance

  • Daimler Financial Services

  • Ford Motor Credit Company LLC

  • General Motors Financial Corporation, Inc.

  • Hitachi Capital Corporation

  • HSBC Holdings PLC

  • Hyundai Motor Co.

  • ICBC (Industrial and Commercial Bank of India)

  • JPMorgan Chase & Co.

  • KPMG International Limited

  • Mercedes-Benz Financial Services USA LLC

  • Nissan Motor Co.Ltd.

  • Nucleus Software Exports Ltd.

  • PNC Bank NA

  • SAIC Motor Corporation Limited

  • Standard Bank Group Ltd

  • Toyota Auto Loan Company

  • Volkswagen Financial Services SA

  • Wells Fargo & Co.

For more information on this report, visit https://www.researchandmarkets.com/r/lmykrg

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