Asia Pacific Automotive Finance Market Size & Outlook
Asia Pacific automotive finance market, 2017-2030 (US$B)
Related Markets
Asia Pacific automotive finance market highlights
- The Asia Pacific automotive finance market generated a revenue of USD 50.4 billion in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, banks was the largest revenue generating provider type in 2023.
- OEMs is the most lucrative provider type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 50.4 billion |
| Market revenue in 2030 | USD 89.8 billion |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Banks |
| Fastest growing segment | OEMs |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Banks, OEMs, Other Financial Institutions |
| Key market players worldwide | Ally Financial Inc, Bank of America Corp, Capital One Financial Corp, JPMorgan Chase & Co, Mercedes-Benz Group AG, Ford Motor Co, General Motors Co, Hitachi Ltd, Toyota Motor Corp, Volkswagen AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.2% of the global automotive finance market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 89.8 billion by 2030.
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Automotive Finance Market Scope
Automotive Finance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific automotive finance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive finance market will help companies and investors design strategic landscapes.
Banks was the largest segment with a revenue share of 55.95% in 2023. Horizon Databook has segmented the Asia Pacific automotive finance market based on banks, oems, other financial institutions covering the revenue growth of each sub-segment from 2017 to 2030.
The relaxation in restriction on underwriting loans and source funding by the Chinese government, has created opportunities for automotive finance companies. The changing government regulations in India is also creating opportunity for the market.
The government of the country has imposed restrictions on the use of trucks above 15 years. This restriction thereby creates the need for automotive financing among the owners t o purchase new trucks.
Car manufacturers in India are partnering with banks t o provide easy vehicle financing. For instance, in July 2020, Maruti Suzuki announced its partnership with Axis Bank for offering easy vehicle finance options for buyers.
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Target buyers of Asia Pacific automotive finance market databook
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Our clientele includes a mix of automotive finance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive finance market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive finance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific automotive finance market size, by country, 2017-2030 (US$B)
Asia Pacific Automotive Finance Market Outlook Share, 2023 & 2030 (US$B)
Related regional statistics
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