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汽車金融市場 - COVID-19 的增長、趨勢、影響、預測 (2023-2028)
市場調查報告書
商品編碼
1189937

汽車金融市場 - COVID-19 的增長、趨勢、影響、預測 (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個工作天內

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簡介目錄

目前，汽車金融市場規模為 2200 億美元，預計將達到 3200 億美元，預測期內復合年增長率約為 6%。

在 COVID-19 大流行期間，由於製造和銷售活動暫停了幾個月，全球對新車和二手車的需求在 2020 年上半年大幅下降。 這一趨勢拖累了2020年的汽車金融市場。 但從下半年開始，汽車需求將出現明顯增長，將帶動汽車金融市場活躍，預計預測期內仍將保持活躍。 COVID-19 大流行還推動了企業對消費者購買的在線數字渠道的增長。 這些趨勢促使原始設備製造商和行業參與者對經銷商和合同進行虛擬化和遠程控制。 例如：

主要亮點

  • 2022 年 11 月，Euler Motors 將與 Shriram Transport Finance Company Limited (STFC) 合作，為 EV Eulers Hiload 提供零售融資。 該合作夥伴關係旨在在印度各地部署該公司的電動汽車 Oilers Highroad，以更低的利率為零售客戶提供更高的貸款額度。

從長遠來看，對自動駕駛汽車的過度投資以及經銷商、銀行和信用合作社的快速融資將有助於汽車金融市場的增長。 換用新車的習慣越來越多，消費者的偏好促進了汽車銷量並縮短了車輛週期，為汽車金融業者創造了機會。 汽車經銷商回購計劃和 OEM 保修計劃可能需要再融資，從而在汽車金融市場創造新的機會。

預計亞太地區將引領市場，其次是北美和歐洲。 預計該地區將在預測期內為市場供應商提供多個增長機會。 因此，市場具有顯著增長的潛力。 消費者越來越傾向於擁有汽車而不是使用公共交通工具，這也是影響該地區二手車市場的一個關鍵因素。 擁有汽車曾經是身份的象徵，近年來已成為必需品。 自成立以來，汽車行業經歷了巨大的發展。 預計亞太國家電動汽車的增長將繼續成為未來市場的主要驅動力。

主要亮點

  • 2022 年 10 月，領先的電動汽車製造商 Kinetic Green Energy and Power Solutions Limited 與 IndusInd Bank 合作，為印度各地的 Kinetic Green 經銷商提供方便且負擔得起的融資。我成功了。

主要市場趨勢

全球銀行在預測期內獲得關鍵地位

通常，銀行提供的汽車金融服務允許消費者向經銷商和製造商付款，即使他們手頭沒有現金。 換句話說，汽車金融允許消費者藉錢支付賣家購買汽車。

銀行在汽車金融市場的預扣稅部分處於領先地位，因為它們向客戶提供低利率。 乘用車的汽車金融滲透率已從 2020 年初的 75% 增加到 2021 年的 80% 左右，這得益於銀行提供的多種選擇，使得用現金購買汽車成為可能。 . 汽車金融家和經銷商表示，目前的趨勢是由於銀行的攻勢。 但增幅僅限於乘用車，不包括摩托車和商用車。

不斷上漲的利率和汽車價格促使越來越多的美國購車者選擇每月償還 1,000 美元或更多的貸款。 根據 Edmunds 的數據，在第三季度申請新車貸款的消費者中，有 14.3% 的人承諾支付的金額高於上述金額，高於去年同期的 8.3%。 這個數字代表了 26% 的電動汽車購買者和 24% 的混合動力汽車購買者。

在過去兩個季度中，汽車金融在銀行間的滲透率也有所提高，從而縮短了融資時間並降低了貸款拒絕率。

亞太地區有望引領汽車金融市場

在亞太地區，汽車金融市場已經成熟。 此外，電動汽車在亞太國家的普及預計將繼續成為未來市場增長的主要推動力。 例如，2021 年中國將售出 290 萬輛純電動汽車，高於 2020 年的 110 萬輛。 為了促進電動汽車的採用，亞太地區的管理機構正在關注融資的可及性，這可能會在預測期內支持市場。

預計亞太地區將成為預測期內增長最快的地區。 印度、日本和中國等國家/地區正在看到越來越多的有利政府舉措，以促進汽車行業的增長並保持消費者的興趣，這有望為該區域市場創造增長機會。我在這裡。 例如：

  • 2022 年 8 月，日本政府宣布了一項前所未有的補貼，以支持電動汽車 (EV) 的普及。 在截至 2024 年 3 月 31 日的財政年度（FY2023），經濟產業省將製定約 410 億日元的預算請求，用於支持電動汽車和充電基礎設施項目，預計是最初預算的兩倍2022 財年……

競爭格局

汽車金融市場分散且處於增長階段。 預計到預測期結束時，競爭將加劇，因為市場上的各種參與者都獲得了有利可圖的機會。 銀行等主要市場參與者正專注於戰略合作夥伴關係，以增加市場份額並擴大其區域足跡。

  • 2022 年 10 月，阿曼國家銀行 (NBO) 邀請阿曼各地的合作夥伴經銷商以及新車和二手車經銷商詳細了解該銀行的汽車融資方案。 NBO 提供具有競爭力的貸款，利率僅為 4.75%，以提供無憂且具有競爭力的金融解決方案。

其他好處

  • Excel 格式的市場預測 (ME) 表
  • 三個月的分析師支持

內容

第一章介紹

  • 調查先決條件
  • 調查範圍

第二章研究方法論

第 3 章執行摘要

第四章市場動態

  • 市場驅動因素
  • 市場製約因素
  • 產業吸引力 - 波特五力分析
    • 新進入者的威脅
    • 買方/消費者議價能力
    • 供應商的議價能力
    • 替代品的威脅
    • 競爭公司之間的敵對關係

第 5 章市場細分

  • 類型
    • 新車
    • 二手車
  • 來源類型
    • 貼牌生產
    • 銀行
    • 信用合作社
    • 金融機構
  • 汽車模型
    • 乘用車
    • 商用車
  • 按地區
    • 北美
      • 美國
      • 加拿大
      • 其他北美地區
    • 歐洲
      • 德國
      • 英國
      • 法國
      • 其他歐洲地區
    • 亞太地區
      • 中國
      • 日本
      • 印度
      • 韓國
      • 其他亞太地區
    • 世界其他地方
      • 南美洲
      • 中東和非洲

第六章競爭格局

  • 供應商市場份額
  • 公司簡介
    • 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 市場機會今後動向

簡介目錄
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