Global Automotive Financing Market was Valued at USD 0.48 billion in 2023 and is Expected to Reach USD 5.8 billion by 2030, Observing a CAGR of 7.4% during 2025 - 2030

Published Date: Mar, 2024

The global automotive financing market was valued at USD 0.48 billion in 2023 and is expected to reach USD 5.8 billion by 2030, growing at a CAGR of 7.4% during 2025-2030. To gain hassle-free and quick financing for autonomous vehicles or for purchasing new or old vehicles customers are choosing the service providers that avail them of consulting services powered by data-driven immense information. Furthermore, finance providers becoming digitalized thus help the end users to evaluate and access appropriate schemes that align with their requirements and interests.

The indirect finance type is expected to generate higher CAGR during the forecast period in the global automotive financing market

Based on finance type, the global automotive financing market is bifurcated into indirect and direct. Between these, the indirect finance type is expected to generate higher CAGR during the forecast period as this segment provides increasing benefits to the consumers to access independent finance specialists and provides an appropriate way to finance a vehicle as per their requirements.

Global Automotive Financing Market Segmentation and Key Players

Segment / Key Players

Categorization

Provider Type

OEMs, Banks, Other Financial Institutions

Purpose Type

Leasing, Loan, Others

Finance Type

Indirect, Direct

Vehicle Type

Passenger Vehicle, Commercial Vehicle

Key Players

Bank of China, Mercedes-Benz Financial Services, Toyota Financial Services, Hitachi Capital Asia Pacific, Bank of America, Volkswagen Finance, Banquo Bradesco Financiamentos, BNP Paribas, Ally Financial, Wells Fargo, Industrial and Commercial Bank of India, HSBC, Capital One, and HDFC Bank.

Geography Insight

Geographically, Europe is the largest automotive financing market and is expected to generate the largest revenue by 2030. This is owing to the increasing number of finance service providers in the region. On the other hand, Asia-Pacific is expected to witness the highest CAGR during the forecast period due to the extensive efforts undertaken by the government authorities in countries such as China, India, and Japan towards consumer interest that is further uplifting the growth of the automotive industry.

Competitive Insight

Some of the key players operating in the global automotive financing market are Bank of China, Mercedes-Benz Financial Services,  Toyota Financial Services, Hitachi Capital Asia Pacific, Bank of America, Volkswagen Finance, Banquo Bradesco Financiamentos, BNP Paribas,   Ally Financial, Wells Fargo,  Industrial and Commercial Bank of India, HSBC, Capital One, and HDFC Bank.

Global Automotive Financing Market Coverage

Provider Type Insight and Forecast 2025 – 2030

  • OEMs
  • Banks
  • Other Financial Institutions

Purpose Type Insight and Forecast 2025 – 2030

  • Leasing
  • Loan
  • Others

Finance Type Insight and Forecast 2025 – 2030

  • Indirect
  • Direct

Vehicle Type Insight and Forecast 2025 – 2030

  • Passenger Vehicle
  • Commercial Vehicle

Geographical Segmentation

Automotive Financing Market by Region

North America

  • By Provider Type
  • By Purpose Type
  • By Finance Type
  • By Vehicle Type
  • By Country – U.S., Canada, and Mexico

Europe

  • By Provider Type
  • By Purpose Type
  • By Finance Type
  • By Vehicle Type
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Provider Type
  • By Purpose Type
  • By Finance Type
  • By Vehicle Type
  • By Country – China, Japan, India, South Korea, and the Rest of Asia-Pacific

Rest of the World (RoW)

  • By Provider Type
  • By Purpose Type
  • By Finance Type
  • By Vehicle Type
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

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