The UK Car Loan Market size in terms of outstanding loan value is expected to grow from USD 56.62 billion in 2024 to USD 77.92 billion by 2029, at a CAGR of 6.60% during the forecast period (2024-2029).
The market for UK car loans is highly fragmented. Major players like Barclays Partner Finance, Santander UK, and Lloyds Bank dominate the market. Competition is expected to intensify by the end of the forecast period due to the lucrative opportunities available to various players in the market.
The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers and acquisitions, joint ventures, product launches, and technological upgrades, implemented by the leading market contenders to set a firm foot in the market. Hence, this section includes the company profiles of the key players and industry analysis.
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