Middle East & Africa Automotive Finance Market Size & Outlook
Middle East & Africa automotive finance market, 2017-2030 (US$B)
Related Markets
MEA automotive finance market highlights
- The MEA automotive finance market generated a revenue of USD 11.1 billion in 2023.
- The market is expected to grow at a CAGR of 7.8% 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.
MEA data book summary
| Market revenue in 2023 | USD 11.1 billion |
| Market revenue in 2030 | USD 18.8 billion |
| Growth rate | 7.8% (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, MEA region accounted for 4.0% 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 |
|---|
Middle East & Africa 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 60.36% in 2023. Horizon Databook has segmented the Middle East & Africa automotive finance market based on banks, oems, other financial institutions covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for automotive finance is low in countries such as Ghana, impacting the market growth in current days. The people in the country mainly prefer purchasing secondhand cars on an installment basis from the dealers.
However, the government of the country is making efforts to attract the carmakers by banning the import of old car above 10 years. Thus, the government's initiative is thereby expected to create the opportunity for automotive finance for new cars in countries such as Ghana.
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Our clientele includes a mix of automotive finance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa automotive finance market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automotive finance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa automotive finance market
Middle East & Africa Automotive Finance Market Outlook Share, 2023 & 2030 (US$B)
Middle East & Africa automotive finance market
Related regional statistics
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