Automotive Financing Market In Europe 2024-2028
The automotive financing market in Europe is forecasted to grow by USD 6.14 bn during 2023-2028, accelerating at a CAGR of 4.43% during the forecast period. The report on the automotive financing market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in cab service financing, digitization of automotive financing, and rising demand for luxury vehicles.
Technavio's automotive financing market in Europe is segmented as below:
By Application
By Type
- Passenger vehicle
- Commercial vehicle
This study identifies the rise in demand for EVs as one of the prime reasons driving the automotive financing market in Europe growth during the next few years. Also, the growing demand for vehicle financing from SMEs and the integration of blockchain technology with automotive financing will lead to sizable demand in the market.
The report on the automotive financing market in Europe covers the following areas:
- Automotive financing market in Europe sizing
- Automotive financing market in Europe forecast
- Automotive financing market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive financing market in Europe vendors that include ALPHERA Financial Services, Banco Santander SA, Bank of America Corp., Bayerische Motoren Werke AG, Blue Motor Finance Ltd., Capital One Financial Corp., Credit Agricole SA, ESKA Finance s.r.o., First Response Finance Ltd., Ford Motor Co., Honda Motor Co. Ltd., JPMorgan Chase and Co., Mercedes Benz Group AG, NatWest Group plc, Porsche Automobil Holding SE, Startline Motor Finance Ltd., Sumitomo Corp., Toyota Motor Corp., and Wells Fargo and Co.. Also, the automotive financing market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.