Automotive Finance Market growing in demand owing to ease of payment in installments for customers. Rising ecommerce platforms will contribute to fuel the global market with investment projected to cross US$ 200 Bn by 2026
— Increasing shift towards an online platform to fuel demand in the global Automotive Finance market. The market has been witnessing the development of new technology. Fortune Business Insights has announced publishing of a report, titled “Automotive Finance Market Size, Share and Global Trend by Loan Provider (OEMs, Banks, Financing institutions), Service Type (New vehicles, Used vehicles), Industry Verticals (Residential Use, Commercial Use, Government Use), and Geography Forecast till 2025”. According to the report the e-commerce investment is expected to cross US$ 200 Bn by 2026.
“Key players are expected to emphasize on integrating with e-commerce platforms. This is anticipated to propel the growth in the global Automotive Finance market,” said a lead analyst at Fortune Business Insights.
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Top Players List:
• BANK OF AMERICA
• HITACHI CAPITAL ASIA-PACIFIC
• Ford Motor Credit
• M&T Bank Corporation
• Toyota Financial Services
• Volkswagen Financial Services
• HDFC Bank
• Hudson City Bancorp Inc.
• Wells Fargo
• Mercedes-Benz Financial Services
• General Motor Financial Company
Increased demand for electric and smart vehicles is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.
Major Segments Mentioned:
• By Loan Provider
• By Service Type
• By Industry Verticals
• By Geography
On the contrary, the high cost associated with upgraded technology is a factor that may restrain the global Automotive Finance market.
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• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.
The report also offers insights on the key players operating in the global Automotive Finance market. Some of the organizations operating in the market are Automotive Finance.
Major Table of Content for Automotive Finance Market:
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Automotive Finance Market Analysis, Insights and Forecast, 2014-2025
6. North America Automotive Finance Market Analysis, Insights and Forecast, 2014-2025
7. Europe Automotive Finance Market Analysis, Insights and Forecast, 2014-2025
8. Asia Pacific Automotive Finance Market Analysis, Insights and Forecast, 2014-2025
9. Middle East and Africa Automotive Finance Market Analysis, Insights and Forecast, 2014-2025
10. Latin America Automotive Finance Market Analysis, Insights and Forecast, 2014-2025
11. Competitive Landscape
12. Company Profile
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