Auto Finance Market By Vehicle Type, By Vehicle Age, By Purpose, By Loan Provider : Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

Auto financing, also known as car finance refers to the range of financial products available that allow people to acquire with any arrangement other than a full-cash single lump payment. In addition, auto financing is widely used both by members of the public and businesses. A wide range of finance products are available. Business contract hire, which can provide tax and cash flow benefits, is very popular among companies.

The emergence of online automotive finance applications and increasing the vehicle prices is boosting the growth of the global auto finance market. In addition, the adoption of digital technologies for automotive financing is positively impacts growth of the auto finance market. However, high competition and market saturation and the emergence of rideshare services and the surge in debts from various borrowers is hampering the auto finance market growth. On the contrary, the enactment of technologies in existing product lines and the untapped potential of emerging economies is expected to offer remunerative opportunities for expansion during the auto finance market forecast.

The auto finance market is segmented on the basis of by type, loan provider, purpose, vehicle type, and region. On the basis of type, the market is categorized into direct financing and indirect financing. On the basis of loan provider, the market is fragmented into bank financial institutions, OEMs, credit unions, and others. On the basis of purpose, the market is bifurcated into loan, and leasing. By vehicle type, it is classified into commercial vehicles and passenger vehicles. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the auto finance market are: Ally Financials Inc., Bank of America, Capital One Financial Corporation, Chase Auto Finance, Ford Motor Company, General Motors Financial Company, Inc., Mercedes-Benz Mobility, Novuna, Toyota Financial Services and Volkswagen Finance Private Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global auto finance market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global auto finance market trend is provided in the report.
The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the auto finance market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Vehicle Age

New Vehicles
Used Vehicles

By Vehicle Type

Passenger Vehicles
Commercial Vehicles

By Purpose

Loan
Leasing

By Loan Provider

Banks
OEMs
Credit Unions
Others

By Region

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players

Ally Financials Inc.
Bank of America Corporation
JPMorgan Chase & Co.
Mercedes-Benz Mobility
Ford Motor Company
Novuna
Toyota Financial Services
Capital One Financial Corporation
General Motors Financial Company, Inc.
Volkswagen Finance Private Limited

Product Code: A10390

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Market dynamics
- 3.4.1.Drivers
  - 3.4.1.1. Increase in the vehicle prices
  - 3.4.1.2. Adoption of digital technologies for automotive financing
  - 3.4.1.3. The emergence of online automotive finance applications
- 3.4.2.Restraints
  - 3.4.2.1. High competition and market saturation
  - 3.4.2.2. The emergence of rideshare services and the surge in debts from various borrowers
- 3.4.3.Opportunities
  - 3.4.3.1. Enactment of technologies in existing product lines and untapped potential of emerging economies
3.5.COVID-19 Impact Analysis on the market

CHAPTER 4: AUTO FINANCE MARKET, BY VEHICLE TYPE

4.1 Overview
- 4.1.1 Market size and forecast
4.2. Passenger Vehicles
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
4.3. Commercial Vehicles
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country

CHAPTER 5: AUTO FINANCE MARKET, BY VEHICLE AGE

5.1 Overview
- 5.1.1 Market size and forecast
5.2. New Vehicles
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
5.3. Used Vehicles
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country

CHAPTER 6: AUTO FINANCE MARKET, BY PURPOSE

6.1 Overview
- 6.1.1 Market size and forecast
6.2. Loan
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
6.3. Leasing
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country

CHAPTER 7: AUTO FINANCE MARKET, BY LOAN PROVIDER

7.1 Overview
- 7.1.1 Market size and forecast
7.2. Banks
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
7.3. OEMs
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
7.4. Credit Unions
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market share analysis by country
7.5. Others
- 7.5.1 Key market trends, growth factors and opportunities
- 7.5.2 Market size and forecast, by region
- 7.5.3 Market share analysis by country

CHAPTER 8: AUTO FINANCE MARKET, BY REGION

8.1 Overview
- 8.1.1 Market size and forecast
8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Vehicle Type
- 8.2.3 North America Market size and forecast, by Vehicle Age
- 8.2.4 North America Market size and forecast, by Purpose
- 8.2.5 North America Market size and forecast, by Loan Provider
- 8.2.6 North America Market size and forecast, by country
  - 8.2.6.1 U.S.
  - 8.2.6.1.1 Key market trends, growth factors and opportunities
  - 8.2.6.1.2 Market size and forecast, by Vehicle Type
  - 8.2.6.1.3 Market size and forecast, by Vehicle Age
  - 8.2.6.1.4 Market size and forecast, by Purpose
  - 8.2.6.1.5 Market size and forecast, by Loan Provider
  - 8.2.6.2 Canada
  - 8.2.6.2.1 Key market trends, growth factors and opportunities
  - 8.2.6.2.2 Market size and forecast, by Vehicle Type
  - 8.2.6.2.3 Market size and forecast, by Vehicle Age
  - 8.2.6.2.4 Market size and forecast, by Purpose
  - 8.2.6.2.5 Market size and forecast, by Loan Provider
8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Vehicle Type
- 8.3.3 Europe Market size and forecast, by Vehicle Age
- 8.3.4 Europe Market size and forecast, by Purpose
- 8.3.5 Europe Market size and forecast, by Loan Provider
- 8.3.6 Europe Market size and forecast, by country
  - 8.3.6.1 UK
  - 8.3.6.1.1 Key market trends, growth factors and opportunities
  - 8.3.6.1.2 Market size and forecast, by Vehicle Type
  - 8.3.6.1.3 Market size and forecast, by Vehicle Age
  - 8.3.6.1.4 Market size and forecast, by Purpose
  - 8.3.6.1.5 Market size and forecast, by Loan Provider
  - 8.3.6.2 Germany
  - 8.3.6.2.1 Key market trends, growth factors and opportunities
  - 8.3.6.2.2 Market size and forecast, by Vehicle Type
  - 8.3.6.2.3 Market size and forecast, by Vehicle Age
  - 8.3.6.2.4 Market size and forecast, by Purpose
  - 8.3.6.2.5 Market size and forecast, by Loan Provider
  - 8.3.6.3 France
  - 8.3.6.3.1 Key market trends, growth factors and opportunities
  - 8.3.6.3.2 Market size and forecast, by Vehicle Type
  - 8.3.6.3.3 Market size and forecast, by Vehicle Age
  - 8.3.6.3.4 Market size and forecast, by Purpose
  - 8.3.6.3.5 Market size and forecast, by Loan Provider
  - 8.3.6.4 Spain
  - 8.3.6.4.1 Key market trends, growth factors and opportunities
  - 8.3.6.4.2 Market size and forecast, by Vehicle Type
  - 8.3.6.4.3 Market size and forecast, by Vehicle Age
  - 8.3.6.4.4 Market size and forecast, by Purpose
  - 8.3.6.4.5 Market size and forecast, by Loan Provider
  - 8.3.6.5 Italy
  - 8.3.6.5.1 Key market trends, growth factors and opportunities
  - 8.3.6.5.2 Market size and forecast, by Vehicle Type
  - 8.3.6.5.3 Market size and forecast, by Vehicle Age
  - 8.3.6.5.4 Market size and forecast, by Purpose
  - 8.3.6.5.5 Market size and forecast, by Loan Provider
  - 8.3.6.6 Rest of Europe
  - 8.3.6.6.1 Key market trends, growth factors and opportunities
  - 8.3.6.6.2 Market size and forecast, by Vehicle Type
  - 8.3.6.6.3 Market size and forecast, by Vehicle Age
  - 8.3.6.6.4 Market size and forecast, by Purpose
  - 8.3.6.6.5 Market size and forecast, by Loan Provider
8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Vehicle Type
- 8.4.3 Asia-Pacific Market size and forecast, by Vehicle Age
- 8.4.4 Asia-Pacific Market size and forecast, by Purpose
- 8.4.5 Asia-Pacific Market size and forecast, by Loan Provider
- 8.4.6 Asia-Pacific Market size and forecast, by country
  - 8.4.6.1 China
  - 8.4.6.1.1 Key market trends, growth factors and opportunities
  - 8.4.6.1.2 Market size and forecast, by Vehicle Type
  - 8.4.6.1.3 Market size and forecast, by Vehicle Age
  - 8.4.6.1.4 Market size and forecast, by Purpose
  - 8.4.6.1.5 Market size and forecast, by Loan Provider
  - 8.4.6.2 Japan
  - 8.4.6.2.1 Key market trends, growth factors and opportunities
  - 8.4.6.2.2 Market size and forecast, by Vehicle Type
  - 8.4.6.2.3 Market size and forecast, by Vehicle Age
  - 8.4.6.2.4 Market size and forecast, by Purpose
  - 8.4.6.2.5 Market size and forecast, by Loan Provider
  - 8.4.6.3 South Korea
  - 8.4.6.3.1 Key market trends, growth factors and opportunities
  - 8.4.6.3.2 Market size and forecast, by Vehicle Type
  - 8.4.6.3.3 Market size and forecast, by Vehicle Age
  - 8.4.6.3.4 Market size and forecast, by Purpose
  - 8.4.6.3.5 Market size and forecast, by Loan Provider
  - 8.4.6.4 India
  - 8.4.6.4.1 Key market trends, growth factors and opportunities
  - 8.4.6.4.2 Market size and forecast, by Vehicle Type
  - 8.4.6.4.3 Market size and forecast, by Vehicle Age
  - 8.4.6.4.4 Market size and forecast, by Purpose
  - 8.4.6.4.5 Market size and forecast, by Loan Provider
  - 8.4.6.5 Australia
  - 8.4.6.5.1 Key market trends, growth factors and opportunities
  - 8.4.6.5.2 Market size and forecast, by Vehicle Type
  - 8.4.6.5.3 Market size and forecast, by Vehicle Age
  - 8.4.6.5.4 Market size and forecast, by Purpose
  - 8.4.6.5.5 Market size and forecast, by Loan Provider
  - 8.4.6.6 Rest of Asia-Pacific
  - 8.4.6.6.1 Key market trends, growth factors and opportunities
  - 8.4.6.6.2 Market size and forecast, by Vehicle Type
  - 8.4.6.6.3 Market size and forecast, by Vehicle Age
  - 8.4.6.6.4 Market size and forecast, by Purpose
  - 8.4.6.6.5 Market size and forecast, by Loan Provider
8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Vehicle Type
- 8.5.3 LAMEA Market size and forecast, by Vehicle Age
- 8.5.4 LAMEA Market size and forecast, by Purpose
- 8.5.5 LAMEA Market size and forecast, by Loan Provider
- 8.5.6 LAMEA Market size and forecast, by country
  - 8.5.6.1 Latin America
  - 8.5.6.1.1 Key market trends, growth factors and opportunities
  - 8.5.6.1.2 Market size and forecast, by Vehicle Type
  - 8.5.6.1.3 Market size and forecast, by Vehicle Age
  - 8.5.6.1.4 Market size and forecast, by Purpose
  - 8.5.6.1.5 Market size and forecast, by Loan Provider
  - 8.5.6.2 Middle East
  - 8.5.6.2.1 Key market trends, growth factors and opportunities
  - 8.5.6.2.2 Market size and forecast, by Vehicle Type
  - 8.5.6.2.3 Market size and forecast, by Vehicle Age
  - 8.5.6.2.4 Market size and forecast, by Purpose
  - 8.5.6.2.5 Market size and forecast, by Loan Provider
  - 8.5.6.3 Africa
  - 8.5.6.3.1 Key market trends, growth factors and opportunities
  - 8.5.6.3.2 Market size and forecast, by Vehicle Type
  - 8.5.6.3.3 Market size and forecast, by Vehicle Age
  - 8.5.6.3.4 Market size and forecast, by Purpose
  - 8.5.6.3.5 Market size and forecast, by Loan Provider

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES

10.1 Ally Financials Inc.
- 10.1.1 Company overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Operating business segments
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Key strategic moves and developments
10.2 Bank of America Corporation
- 10.2.1 Company overview
- 10.2.2 Key Executives
- 10.2.3 Company snapshot
- 10.2.4 Operating business segments
- 10.2.5 Product portfolio
- 10.2.6 Business performance
- 10.2.7 Key strategic moves and developments
10.3 JPMorgan Chase & Co.
- 10.3.1 Company overview
- 10.3.2 Key Executives
- 10.3.3 Company snapshot
- 10.3.4 Operating business segments
- 10.3.5 Product portfolio
- 10.3.6 Business performance
- 10.3.7 Key strategic moves and developments
10.4 Mercedes-Benz Mobility
- 10.4.1 Company overview
- 10.4.2 Key Executives
- 10.4.3 Company snapshot
- 10.4.4 Operating business segments
- 10.4.5 Product portfolio
- 10.4.6 Business performance
- 10.4.7 Key strategic moves and developments
10.5 Ford Motor Company
- 10.5.1 Company overview
- 10.5.2 Key Executives
- 10.5.3 Company snapshot
- 10.5.4 Operating business segments
- 10.5.5 Product portfolio
- 10.5.6 Business performance
- 10.5.7 Key strategic moves and developments
10.6 Novuna
- 10.6.1 Company overview
- 10.6.2 Key Executives
- 10.6.3 Company snapshot
- 10.6.4 Operating business segments
- 10.6.5 Product portfolio
- 10.6.6 Business performance
- 10.6.7 Key strategic moves and developments
10.7 Toyota Financial Services
- 10.7.1 Company overview
- 10.7.2 Key Executives
- 10.7.3 Company snapshot
- 10.7.4 Operating business segments
- 10.7.5 Product portfolio
- 10.7.6 Business performance
- 10.7.7 Key strategic moves and developments
10.8 Capital One Financial Corporation
- 10.8.1 Company overview
- 10.8.2 Key Executives
- 10.8.3 Company snapshot
- 10.8.4 Operating business segments
- 10.8.5 Product portfolio
- 10.8.6 Business performance
- 10.8.7 Key strategic moves and developments
10.9 General Motors Financial Company, Inc.
- 10.9.1 Company overview
- 10.9.2 Key Executives
- 10.9.3 Company snapshot
- 10.9.4 Operating business segments
- 10.9.5 Product portfolio
- 10.9.6 Business performance
- 10.9.7 Key strategic moves and developments
10.10 Volkswagen Finance Private Limited
- 10.10.1 Company overview
- 10.10.2 Key Executives
- 10.10.3 Company snapshot
- 10.10.4 Operating business segments
- 10.10.5 Product portfolio
- 10.10.6 Business performance
- 10.10.7 Key strategic moves and developments