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汽车金融市场 - COVID-19 的增长、趋势、影响、预测 (2023-2028)
市场调查报告书
商品编码
1189937

汽车金融市场 - COVID-19 的增长、趋势、影响、预测 (2023-2028)

Automotive Financing Market - Growth, Trends, and Forecasts (2023 - 2028)
出版日期: | 出版商: Mordor Intelligence | 英文 90 Pages | 商品交期: 2-3个工作天内

价格

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简介目录

目前，汽车金融市场规模为 2200 亿美元，预计将达到 3200 亿美元，预测期内復合年增长率约为 6%。

在 COVID-19 大流行期间，由于製造和销售活动暂停了几个月，全球对新车和二手车的需求在 2020 年上半年大幅下降。 这一趋势拖累了2020年的汽车金融市场。 但从下半年开始，汽车需求将出现明显增长，将带动汽车金融市场活跃，预计预测期内仍将保持活跃。 COVID-19 大流行还推动了企业对消费者购买的在线数字渠道的增长。 这些趋势促使原始设备製造商和行业参与者对经销商和合同进行虚拟化和远程控制。 例如：

主要亮点

  • 2022 年 11 月，Euler Motors 将与 Shriram Transport Finance Company Limited (STFC) 合作，为 EV Eulers Hiload 提供零售融资。 该合作伙伴关係旨在在印度各地部署该公司的电动汽车 Oilers Highroad，以更低的利率为零售客户提供更高的贷款额度。

从长远来看，对自动驾驶汽车的过度投资以及经销商、银行和信用合作社的快速融资将有助于汽车金融市场的增长。 换用新车的习惯越来越多，消费者的偏好促进了汽车销量并缩短了车辆週期，为汽车金融业者创造了机会。 汽车经销商回购计划和 OEM 保修计划可能需要再融资，从而在汽车金融市场创造新的机会。

预计亚太地区将引领市场，其次是北美和欧洲。 预计该地区将在预测期内为市场供应商提供多个增长机会。 因此，市场具有显着增长的潜力。 消费者越来越倾向于拥有汽车而不是使用公共交通工具，这也是影响该地区二手车市场的一个关键因素。 拥有汽车曾经是身份的象征，近年来已成为必需品。 自成立以来，汽车行业经历了巨大的发展。 预计亚太国家电动汽车的增长将继续成为未来市场的主要驱动力。

主要亮点

  • 2022 年 10 月，领先的电动汽车製造商 Kinetic Green Energy and Power Solutions Limited 与 IndusInd Bank 合作，为印度各地的 Kinetic Green 经销商提供方便且负担得起的融资。我成功了。

主要市场趋势

全球银行在预测期内获得关键地位

通常，银行提供的汽车金融服务允许消费者向经销商和製造商付款，即使他们手头没有现金。 换句话说，汽车金融允许消费者藉钱支付卖家购买汽车。

银行在汽车金融市场的预扣税部分处于领先地位，因为它们向客户提供低利率。 乘用车的汽车金融渗透率已从 2020 年初的 75% 增加到 2021 年的 80% 左右，这得益于银行提供的多种选择，使得用现金购买汽车成为可能。 . 汽车金融家和经销商表示，目前的趋势是由于银行的攻势。 但增幅仅限于乘用车，不包括摩托车和商用车。

不断上涨的利率和汽车价格促使越来越多的美国购车者选择每月偿还 1,000 美元或更多的贷款。 根据 Edmunds 的数据，在第三季度申请新车贷款的消费者中，有 14.3% 的人承诺支付的金额高于上述金额，高于去年同期的 8.3%。 这个数字代表了 26% 的电动汽车购买者和 24% 的混合动力汽车购买者。

在过去两个季度中，汽车金融在银行间的渗透率也有所提高，从而缩短了融资时间并降低了贷款拒绝率。

亚太地区有望引领汽车金融市场

在亚太地区，汽车金融市场已经成熟。 此外，电动汽车在亚太国家的普及预计将继续成为未来市场增长的主要推动力。 例如，2021 年中国将售出 290 万辆纯电动汽车，高于 2020 年的 110 万辆。 为了促进电动汽车的采用，亚太地区的管理机构正在关注融资的可及性，这可能会在预测期内支持市场。

预计亚太地区将成为预测期内增长最快的地区。 印度、日本和中国等国家/地区正在看到越来越多的有利政府举措，以促进汽车行业的增长并保持消费者的兴趣，这有望为该区域市场创造增长机会。我在这里。 例如：

  • 2022 年 8 月，日本政府宣布了一项前所未有的补贴，以支持电动汽车 (EV) 的普及。 在截至 2024 年 3 月 31 日的财政年度（FY2023），经济产业省将製定约 410 亿日元的预算请求，用于支持电动汽车和充电基础设施项目，预计是最初预算的两倍2022 财年……

竞争格局

汽车金融市场分散且处于增长阶段。 预计到预测期结束时，竞争将加剧，因为市场上的各种参与者都获得了有利可图的机会。 银行等主要市场参与者正专注于战略合作伙伴关係，以增加市场份额并扩大其区域足迹。

  • 2022 年 10 月，阿曼国家银行 (NBO) 邀请阿曼各地的合作伙伴经销商以及新车和二手车经销商详细了解该银行的汽车融资方案。 NBO 提供具有竞争力的贷款，利率仅为 4.75%，以提供无忧且具有竞争力的金融解决方案。

其他好处

  • Excel 格式的市场预测 (ME) 表
  • 三个月的分析师支持

内容

第一章介绍

  • 调查先决条件
  • 调查范围

第二章研究方法论

第 3 章执行摘要

第四章市场动态

  • 市场驱动因素
  • 市场製约因素
  • 产业吸引力 - 波特五力分析
    • 新进入者的威胁
    • 买方/消费者议价能力
    • 供应商的议价能力
    • 替代品的威胁
    • 竞争公司之间的敌对关係

第 5 章市场细分

  • 类型
    • 新车
    • 二手车
  • 来源类型
    • 贴牌生产
    • 银行
    • 信用合作社
    • 金融机构
  • 汽车模型
    • 乘用车
    • 商用车
  • 按地区
    • 北美
      • 美国
      • 加拿大
      • 其他北美地区
    • 欧洲
      • 德国
      • 英国
      • 法国
      • 其他欧洲地区
    • 亚太地区
      • 中国
      • 日本
      • 印度
      • 韩国
      • 其他亚太地区
    • 世界其他地方
      • 南美洲
      • 中东和非洲

第六章竞争格局

  • 供应商市场份额
  • 公司简介
    • Bank of America Corporation
    • Ally Financial Inc.
    • Hitachi Capital Asia Pacific Pte Ltd
    • HSBC Holdings PLC
    • HDFC Bank Limited
    • ICBC（Industrial and Commercial Bank of India）
    • Bank of China
    • Capital One Financial Corporation
    • Wells Fargo & Co.
    • Toyota Financial Services
    • BNP Paribas SA
    • Volkswagen AG
    • Mercedes-Benz Financial Services（Daimler AG）
    • Standard Bank Group Ltd
    • Mahindra Finance

第7章 市场机会今后动向

简介目录
Product Code: 49425

Currently, the Automotive Financing Market is valued at USD 220 billion, and it is expected to reach USD 320 billion, registering a CAGR of around 6% during the forecast period.

Amid the COVID-19 pandemic, the global demand for new vehicles and used vehicles witnessed a significant slump in 2020, as manufacturing and sales activities were halted for several months in the first half of the year. This trend hampered the automotive financing market in 2020. However, since the latter half of the year, the demand for vehicles has witnessed significant growth, which has fueled the automotive financing market and is expected to continue to fuel the market during the forecast period. The COVID-19 pandemic also augmented the growth of online and digital channels for business-to-consumer purchases. Owing to these trends, OEMs and industry players have started to virtualize their dealerships or agreements and operate remotely. For instance,

Key Highlights

  • In November 2022, Euler Motors partnered with Shriram Transport Finance Company Limited (STFC) to provide retail financing for the Eulers Hiload EV. The partnership aims to deploy the company's Eulers HiLoad EVs across India, with lower interest rates and a high loan-to-value for retail customers.

Over the long term, excessive investments in autonomous vehicles, as well as prompt financing from dealers, banks, and credit unions, will likely contribute to the automotive financing market's growth. The growing practise of switching to newer models of automobile, which boosts auto sales and consumer preference for a shorter vehicle cycle, creates opportunities for car financiers. Car dealership buyback programs and OEM warranty programs that may necessitate refinancing will likely open up new opportunities in the automotive financing market.

The Asia-Pacific region is expected to lead the market, followed by North America and Europe. The region is expected to provide several growth opportunities for market vendors during the forecast period. As a result, the market may witness significant growth. Increased consumer preference for owning a car over using public transportation is another important factor affecting the region's used car market. The possession of a car, which was once a status symbol, has recently become a necessity. Since its inception, the automotive industry has experienced exponential growth. Electric vehicle growth in Asia-Pacific countries is expected to remain a major market driver.

Key Highlights

  • In October 2022, Kinetic Green Energy and Power Solutions Limited, a leading EV manufacturer, partnered with IndusInd Bank to provide customers with easy and affordable financing for their Kinetic Green dealerships across India.

Key Market Trends

Banks Across the World to Gain Significant Prominence During Forecast Period

The provision of car finance, usually by banks, allows consumers to pay the dealer or manufacturer even if they do not have the money. In other words, car finance allows the consumer to buy a car by borrowing money to pay the seller.

Banks are leading the source-type segment of the automotive financing market as they provide lower interest rates to their customers. Auto financing penetration in passenger vehicles increased from 75% at the beginning of 2020 to around 80% in 2021 due to many options available from banks to use cash for cars. According to auto financiers and dealers, the current trend is driven by bank aggression. However, the increase is limited to passenger vehicles and excludes two-wheelers or commercial vehicles.

Due to the rising interest rates and auto prices, an increasing number of car buyers in United States are opting for monthly loan payments of USD 1,000 or more. According to Edmunds, 14.3% of consumers who financed a new vehicle in the third quarter committed to payments at or above the mentioned amount, up from 8.3% the previous year. This figure is 26% for electric vehicle purchasers and 24% for hybrid purchasers.

Car financing penetration across banks has also improved in the last two quarters, with improved turnaround time and a decrease in the rejection rate of loans.

Asia-Pacific is Expected to Lead the Automotive Financing Market

In the Asia-Pacific region, the automotive financing market is already matured. The growth of electric vehicles in Asia-Pacific countries is also expected to remain a major driving factor for the market's growth. For example, in 2021, sales of battery electric vehicles in China were 2.9 million units, a significant increase from the 1.1 million units sold in 2020. To encourage the adoption of electric vehicles, governing bodies throughout Asia-Pacific are focusing on the ease of financing availability, which may aid the market during the forecast period.

Over the forecast period, Asia-Pacific is expected to be the fastest-growing regional market. The increasing number of favorable government initiatives in economies such as India, Japan, and China to promote the automotive industry's growth and maintain consumer interest is expected to create opportunities for the growth of the regional market. For instance,

  • In August 2022, the Japanese government announced the provision of unprecedented subsidies to help popularise electric vehicles (EVs). For the fiscal year ending in March 2024 (FY 2023), the Ministry of Economy, Trade, and Industry will develop a budget request of approximately JPY 41 billion to support electrified vehicles and the charging infrastructure business, which is expected to be double the initial budget for FY 2022.

Competitive Landscape

The automotive financing market is fragmented and is in the growth phase. 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 key market players, such as banks, are focusing on strategic partnerships to increase their market share and expand their regional base.

  • In October 2022, the National Bank of Oman (NBO) invited its partner dealerships and both new and used auto dealers from across Oman to learn more about the bank's car financing options. NBO offers competitive financing starting at just 4.75%, as the bank goes above and beyond to provide hassle-free, competitive financial solutions.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Driver
  • 4.2 Market Restraint
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 New Vehicle
    • 5.1.2 Used Vehicle
  • 5.2 Source Type
    • 5.2.1 OEMs
    • 5.2.2 Banks
    • 5.2.3 Credit Unions
    • 5.2.4 Financial Institutions
  • 5.3 Vehicle Type
    • 5.3.1 Passenger Cars
    • 5.3.2 Commercial Vehicles
  • 5.4 Geography
    • 5.4.1 North America
      • 5.4.1.1 United States
      • 5.4.1.2 Canada
      • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
      • 5.4.2.1 Germany
      • 5.4.2.2 United Kingdom
      • 5.4.2.3 France
      • 5.4.2.4 Rest of Europe
    • 5.4.3 Asia-Pacific
      • 5.4.3.1 China
      • 5.4.3.2 Japan
      • 5.4.3.3 India
      • 5.4.3.4 South Korea
      • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
      • 5.4.4.1 South America
      • 5.4.4.2 Middle East & Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Bank of America Corporation
    • 6.2.2 Ally Financial Inc.
    • 6.2.3 Hitachi Capital Asia Pacific Pte Ltd
    • 6.2.4 HSBC Holdings PLC
    • 6.2.5 HDFC Bank Limited
    • 6.2.6 ICBC (Industrial and Commercial Bank of India)
    • 6.2.7 Bank of China
    • 6.2.8 Capital One Financial Corporation
    • 6.2.9 Wells Fargo & Co.
    • 6.2.10 Toyota Financial Services
    • 6.2.11 BNP Paribas SA
    • 6.2.12 Volkswagen AG
    • 6.2.13 Mercedes-Benz Financial Services (Daimler AG)
    • 6.2.14 Standard Bank Group Ltd
    • 6.2.15 Mahindra Finance

7 MARKET OPPORTUNITIES AND FUTURE TRENDS