Thursday, 18 October 2018

Growth of Car Financing Market in Global Industry : Research and Forecast 2018-2026

ResearchMoz presents professional and in-depth study of "Car Financing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026".

The global car financing market is primarily driven by the rising consumer aspiration for car ownership. The emergence of non-banking financial companies that offer lucrative zero down payment financing schemes and low interest EMIs have lured the young population to own car despite less capital at disposal.

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The report on the global car financing market is appropriately segmented on the basis of service provider, vehicle, sales network, tenure, and region. Passenger vehicles segment is anticipated to rise at a healthy clip over the forecast period through 2026.

The report compiled by seasoned analysts provides a brilliant assessment of the car financing market by examining demand drivers, restraints, trends, opportunities, competitive dashboard, and other important aspects.

Global Car Financing Market: Trends and Opportunities

Improving macroeconomics coupled with increasing number of first time car buyers are some key trends that have come to the fore in emerging economies. To serve this, several financial institutions as well as non-banking financial companies are offering car financing as a key business activity. Non-banking financial companies offer car financing at less stringent loan eligibility criteria and flexible repayment tenure which lures consumers for car ownership.

Apart from this, rising trend of digital underwriting and adoption of effective risk management strategies by car financiers are fuelling the car financing market. In addition, aggressive sales strategies adopted by car financiers to stay in business is serving to provide further boost to this market. Furthermore, differentiated product offerings and subvention based schemes to be favorable for customers is likely to bode well for car financing market.

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Meanwhile, car financiers can vie to reap growth from opportunities arising via dealer channels and walk-ins. Affordable financing options, flexible repayment, and high loan-to-value ratio are some favorable facets of the car financing market.

Increasing practices of switch to newer models that boosts car sales and consumer preference for a lower vehicle cycle opens avenues for car financiers. Buyback options offered by car dealers and OEM warranty schemes that may require refinancing will provide new opportunities to the car financing market.

On the flip side, unavailability of complete consumer credit history and risk of loan default are challenges for the car financing market.

Global Car Financing Market: Geographical Analysis

The key regions into which the car financing market is classified are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific, among them, is anticipated to expand at a rapid pace due to increased vehicle ownership. Consumers in emerging economies in the region that are increasingly buying big ticket items opt for car financing for car buy. Middle-class households in developing countries that have less disposal capital to purchase car have high demand for car financing.

North America and Europe are relatively mature markets for car financing. First time car buyers and low-income households opt for car financing in these regions.

Global Car Financing Market: Competitive Analysis

Key companies operating in the global car financing market include Toyota Financial Services, VTB Bank OJSC, General Motor Financial Company, Ford Motor Credit, HDFC Bank, Hitachi Capital Asia Pacific, Volkswagen Financial Services, Bank of America, and Citibank.

Global Car Financing Market, by Service Provider

    Banking Institutions
    Non-banking Financial Companies

Global Car Financing Market, by Sales Network

    Dealership Walk In’s
    Direct Finance Approach

Global Car Financing Market, by Vehicle

    Passenger Vehicles
    Commercial Vehicles

Global Car Financing Market, by Region

    North America
    Asia Pacific
    Europe
    Latin America
    Middle East & Africa

This report gives access to decisive data, such as:

    Market growth drivers
    Factors limiting market growth
    Current market trends
    Market structure
    Market projections for the coming years

Key highlights of this report include:

    Overview of key market forces propelling and restraining market growth
    Up-to-date analyses of market trends and technological improvements
    Pin-point analyses of market competition dynamics to offer you a competitive edge
    An analysis of strategies of major competitors
    An array of graphics and SWOT analysis of major industry segments
    Detailed analyses of industry trends
    A well-defined technological growth map with an impact-analysis
    Offers a clear understanding of the competitive landscape and key product segments

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

    Market segments and sub-segments
    Market trends and dynamics
    Supply and demand
    Market size
    Current trends/opportunities/challenges
    Competitive landscape
    Technological breakthroughs
    Value chain and stakeholder analysis

The regional analysis covers:

    North America (U.S. and Canada)
    Latin America (Mexico, Brazil, Peru, Chile, and others)
    Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
    Eastern Europe (Poland and Russia)
    Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
    Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

    A complete backdrop analysis, which includes an assessment of the parent market
    Important changes in market dynamics
    Market segmentation up to the second or third level
    Historical, current, and projected size of the market from the standpoint of both value and volume
    Reporting and evaluation of recent industry developments
    Market shares and strategies of key players
    Emerging niche segments and regional markets
    An objective assessment of the trajectory of the market
    Recommendations to companies for strengthening their foothold in the market

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