U.S. Automotive Finance Market Size & Outlook, 2023-2030
U.S. automotive finance market, 2017-2030 (US$B)
Related Markets
U.S. automotive finance market highlights
- The U.S. automotive finance market generated a revenue of USD 64.1 billion in 2023 and is expected to reach USD 96.8 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 6.1% 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.
Automotive finance market data book summary
| Market revenue in 2023 | USD 64.1 billion |
| Market revenue in 2030 | USD 96.8 billion |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Banks |
| Fastest growing segment | OEMs |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 23.2% of the global automotive finance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive finance market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 24.5 billion by 2030.
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Automotive Finance Market Scope
Automotive Finance Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 55.69% in 2023. Horizon Databook has segmented the U.S. automotive finance market based on banks, oems, other financial institutions covering the revenue growth of each sub-segment from 2017 to 2030.
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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 country-level data and insights on the U.S. automotive finance market , including forecasts for subscribers. This country databook contains high-level insights into U.S. automotive finance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. automotive finance market size, by provider type, 2017-2030 (US$B)
U.S. Automotive Finance Market Outlook Share, 2023 & 2030 (US$B)
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