Global Vehicle Finance Market Size showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ XX.XX over the forecast period. According to latest study conducted by our analysts and industry experts, global vehicle finance market is expected to grow at a CAGR of 6.76% during the forecast period, i.e. 2017-2025.

Vehicle finance, also referred as car financing is that money borrowed from finance companies or banks to purchase a vehicle. In past two decades, vehicle finance has gain immense popularity across different countries of the world due to lucrative and lower interest rates charged by financing companies.

Global Vehicle Finance Market Size Analysis By Region 2017

Market Dynamics

Global vehicle finance market is anticipated to grow at a crucial pace over the forecast period, owing to escalating per capita income of people and declining unemployment rate across the globe. Rising disposable income of people across major countries has made people enable in replacing their old vehicle with a new one with the aid of vehicle finance, hence this factor is expected to impact the global market positively. Furthermore, reduction in fuel prices and launch of affordable automobiles are expected to aid in the growth of car finance market during the forecast period.

However, escalating pollution through gases released from vehicles which is leading to escalating concerns towards environment can put pressure on government to reduce the number of private vehicles, which in turn can impact the market in the upcoming years. Rising legalities on car or vehicle finance, coupled with growing interest rate on vehicle finance in some countries can hinder the growth of the market.

Objectives Of The Study

1. To forecast the market size of vehicle finance Market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of vehicle finance market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of car finance market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of vehicle finance market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the vehicle finance market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of vehicle finance market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of vehicle finance market commercially.

Segment Analysis 

Used car segment is expected to grow significantly over the forecast period, owing to rising replacement rate of vehicles in some major regions such as Asia Pacific and some countries of North America. Low interest rates on used car financing, is another reason which is motivating consumers to opt for second hand cars.

Among listed vehicle types, commercial vehicles segment is expected to grow at a speedy pace owing to rising consumer interest towards owing a personal vehicle due to commute convenience offered by it. Rising number of financing companies and lucrative financing options offered by them is attracting consumers to opt for them, hence boosting the segment’s growth.

Regional Analysis of Vehicle Finance Market

Asia Pacific is anticipated to be holding the major revenue share in the global vehicle finance market over the forecast period, due to presence of major populous countries such as India and China, along with Japan. Increasing awareness among people towards advantages of vehicle financing, coupled with rising ratio of progressing population of middle class is creating great scope for the growth of vehicle finance in Asia Pacific.

Europe is expected to be growing swiftly in vehicle finance market during the upcoming years, due to presence of well-established automotive industry in European countries such as Germany and Spain, coupled with presence of crucial vehicle financers in the region. High spending power of consumers in Europe is another reason which is expected to boost the growth of car finance market in the region.

Key players operating in Vehicle Finance Market

Major players performing in vehicle finance market include Ford Motor Credit Company, ZAO UniCredit Bank, Ally Financial, HDFC Bank Ltd., Bank of America, BNP Paribas, Honda Financial Services, M&T Bank, PayPoint Plc., Chase Auto Finance Corporation, VTB Bank OJSC, Wells Fargo, Citibank and Hitachi Capital Asia Pacific.

Global Vehicle Finance Market Report Offer You!

Global vehicle finance market size report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.

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