Global Automotive Finance Market Growth (Status and Outlook) 2023-2029

Global Automotive Finance Market Growth (Status and Outlook) 2023-2029

Automotive Finance is the finance service provider by third parties that allows the customers to own a car without paying a lumpsum payment to the dealership. However, customers have to pay interest for the loan that is subjected to the stated interest rate.

LPI (LP Information)' newest research report, the “Automotive Finance Industry Forecast” looks at past sales and reviews total world Automotive Finance sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Finance sales for 2023 through 2029. With Automotive Finance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Finance industry.

This Insight Report provides a comprehensive analysis of the global Automotive Finance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Finance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Finance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Finance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Finance.

The global Automotive Finance market size is projected to grow from US$ 41800 million in 2022 to US$ 47250 million in 2029; it is expected to grow at a CAGR of 1.8% from 2023 to 2029.

While nations such as U.S., Canada, The U.K. are advanced in the industry growth rate in this region is low. The production is projected to witness remarkable growth in emerging economies such as Brazil, Russia, China, and India. The growth can be attributed to several factors such as a rise in population, proportion of progressing middle class, limited buying capacity, and realization of benefits of auto financing among them.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Finance market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
24 Months
36 Months
48 Months
60 Months
72 Months
Others

Segmentation by application
Residential Use
Commercial Use
Government Use
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Toyota Motor Credit
GM Financial Inc
Volkswagen Financial Services Inc.
Hyundai Capital
RCI Banque
Ford Credit
Banque PSA Finance
Honda Financial Services
American Suzuki
Fiat Finance
Mercedes-Benz FS
Chrysler
BMW Financial
GMAC (Ally Financial)
Suzuki Finance
GMAC-SAIC
Dongfeng Peugeot Citroen Auto Finance Co. Ltd
Chery Huiyin Automobile Finance Co. Ltd.
Maruti Finance
TATA Motor Finance

Please note: The report will take approximately 2 business days to prepare and deliver.