Market Overview

Car financing includes a range of financial products that provide funds to customers to purchase cars without full payment through cash or lump-sum payments. Various financial products are available in the categories of car loans. These services are provided by financing companies or specialized car manufacturers. The stipulation of car financing, by a bank or a financial institution, enables buyers to pay the seller, given they don't have the cash in hand or bank, i.e. car finance allows the buyer to purchase a vehicle by borrowing the money in order to pay the seller. Auto-financing is commonly used by both public and company leaders. The hire of business contracts, which can provide tax and cash flow benefits, is very common among businesses.

Market Highlights

Global Car Finance Comprehensive Market is expected to grow from USD XXXX million in 2019 to USD XXXX million in 2030 at a CAGR of XX%. The overall growth in the market is supported by the following reasons. Owing to the growing trend of computerization, growing usage of online platforms, superior telecommunications, and advancements of blockchain technology, the number of automotive finance customers is rising. Market growth is further driven by the market players introducing new business models and developing innovative strategies. The players intend to explore the new trends so that middle-class individuals can conveniently buy or rent a vehicle of their choice, which is otherwise difficult for them because of financial constraints. The increase in global average vehicle price mainly drives the demand. Furthermore, a decline in the rate of car loans often favors business growth. However, rising debts from various borrowers are constraining the market.

Global Car Finance Market Analysis

Source: Fatpos Global

Global Car Finance Market: Segments

Banks Segment to register the highest CAGR of XX% in the forecast period

Based on the Service provider, the Car finance market is categorized into OEMs, Banks, and other financial institutions. In addition to high-reliability features, the bank's segment is expected to cater to the highest CAGR over the forecast period, ascribed to quick processing features with the criteria of minimum documentation. Banks provide flexible tenure for repayment (ranging from 12 to 60 months). Since customers are familiar with the banks ' financial procedures, they are willing to take out bank loans or other financial support.

Direct Finance to boost the overall growth of the market

On the basis of the type of finance, the market is bifurcated into direct finance and indirect finance. The direct finance segment has popularized for the past few years and is anticipated to register the fastest growth over the forecast period. Direct financing is the most frequently used for car financing. They are more preferable due to the fact that they provide customers with a personalized touch.

Source: Fatpos Global

Lease segment to propel the market

Leasing is expected to evolve as the segment with the highest CAGR over the forecast period. In developing economies, the number of car leasing providers is increasing. Additionally, millennials see leasing as a great way to own a vehicle without actually buying the car. Vehicle leasing is considered one of the unexplored enterprises that hold immense opportunities for growth.

Commercial Use to excel in 2030

On the basis of vehicle type, the market is bifurcated into commercial and passenger vehicles. The passenger vehicles segment is expected to propel the growth over the forecast period. The growth can be accredited to the changing consumer mindset regarding renting vehicles and raising awareness about the environmental imbalance.

Global Car Finance Market: Drivers and Restraints

Drivers

Easy Availability of Credit

Non-banking financial companies offer car financing at less stringent loan eligibility criteria and flexible repayment tenure which lures consumers for car ownership. The provision of easy availability of credit, usually by a bank or some kind of financial institution, allows consumers to pay the dealer or manufacturer, even though they not have the money, i.e., allows them the ownership without paying the entire amount at once.

Restraints

Increasing Rivalry

One of the major challenges that may hinder the upward growth in the car finance market is mounting competition in the automotive industry stressing operations, strict credit underwriting rules, risk management and other aspects of the product need to be reworked.

Global Car Finance Market: Region

The Global Car Finance Market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and rest of the world is classified as Middle-East and Africa. Europe remains a major shareholder in the global car finance market, attributed to the concentration of providers of automotive financial services.

Asia-Pacific is projected to be the fastest-growing region with a CAGR of XX%

The Asia Pacific is expected to be experiencing substantial growth over the forecast period, due to the growing number of supportive government measures to sustain consumer interest and promote growth in the car industry. In addition, the Asia Pacific automotive finance sector has become highly competitive with a rise in the number of second-hand car outlets and vehicle showrooms. In addition, a fall in the region's car loan rates is expected to further fuel regional growth.

Source: Fatpos Global

The Global Car Finance Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- UK, Germany, France, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe

Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- India, China, South Korea, Malaysia, Japan, Indonesia, Australia, New Zealand and Rest of Asia-Pacific

The Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- North Africa, Israel, GCC, South Africa and Rest of the Middle East and Africa

Key Players

❖ Toyota Motor Credit

➢ Company overview

➢ Business Strategy

➢ Key Product Offerings

➢ Financial Performance

➢ Key Performance Indicators

➢ Risk Analysis

➢ Recent Development

➢ Regional Presence

➢ SWOT Analysis

❖ Ford Motor Credit

❖ BNP Paribas

❖ HSBC

❖ Capital One

❖ Ally Financial

❖ Standard Bank

❖ Hitachi Capital Asia Pacific

❖ Fiat Finance

❖ Suzuki Finance

The Global Car Finance Market Report also contains an analysis on:

Car Finance Market by segment:

By Service Provider

OEMs

Banks

Other financial institutions

By Purpose

Loan

Lease

Others

By Finance Type

Direct

Indirect

By Application

Commercial Use

Residential Use

Others

By Service Type

Used Vehicles

New Vehicles

By Region

North America

Latin America

Europe

Asia-Pacific

The Middle East and Africa

Car Finance Market Size

Car Finance Market Dynamics

Supply and Demand

Current Issues/trends/challenges

Competition and Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Global Car Finance Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and 2030

Who are the key players in the Car Finance Market

What could be the challenging factors in the growth of the Global Car Finance Market

What are the growth drivers for the Global Car Finance Market

Contents

1. Executive Summary

2. Car Finance Market

2.1. Market Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Market Dynamics

5.1. Growth Drivers

5.2. Restraints

5.3. Opportunity

5.4. Trends

6. Recent Development, Policies & Regulatory Landscape

7. Risk Analysis

7.1. Demand Risk Analysis

7.2. Supply Risk Analysis

8. Car Finance Industry Analysis

8.1. Porters Five Forces

8.1.1. Threat of New Entrants

8.1.2. Bargaining Power of Suppliers

8.1.3. Threat of Substitutes

8.1.4. Rivalry

8.2. PEST Analysis

8.2.1. Political

8.2.2. Economic

8.2.3. Social

8.2.4. Technological

9. Global Car Finance Market

9.1. Market Size & forecast, 2019A-2030F

9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

9.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-

2030F

10. Global Car Finance Market: Market Segmentation

10.1. By Regions

10.1.1. North America:(U.S. and Canada)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2. By Service Provider: Market Share (2020-2030F)

10.2.1. OEMs, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2.2. Banks, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.2.3. Other Financial Institutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3. By Purpose: Market Share (2020-2030F)

10.3.1. Loan, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.2. Lease, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.3.3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.4. By Finance Type: Market Share (2020-2030F)

10.4.1. Direct, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.4.2. Indirect, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.5. By Application: Market Share (2020-2030F)

10.5.1. Commercial Use, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.5.2. Residential Use, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.5.3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.6. By Service Type: Market Share (2020-2030F)

10.6.1. Used Vehicles, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.6.2. New Vehicles, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11. Company Profile

11.1. Toyota Motor Credit

11.1.1. Company Overview

11.1.2. Company Total Revenue (Financials)

11.1.3. Market Potential

11.1.4. Global Presence

11.1.5. Key Performance Indicators

11.1.6. SWOT Analysis

11.1.7. Product Launch

11.2. Ford Motor Credit

11.3. BNP Paribas

11.4. HSBC

11.5. Capital One

11.6. Ally Financial

11.7. Standard Bank

11.8. Hitachi Capital Asia Pacific

11.9. Fiat Finance

11.10. Suzuki Finance

12. Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)