Market Overview

Global Automotive Financing Market 2018-2022 - Rising Cab Service Financing to Boost Demand - Technavio

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The global automotive financing market 2018-2022 is expected to post a
CAGR of more than 3% during the forecast period, according to the latest
market research report by Technavio.

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Technavio has published a new market research report on the global automotive financing market from  ...

Technavio has published a new market research report on the global automotive financing market from 2018-2022. (Photo: Business Wire)

A key factor driving the growth of the market is the rise in cab service
financing. The growing demand for cab services is encouraging several
tech-based platforms to offer cab services worldwide. Taxi drivers are
signing up on these free platforms for a lucrative and steady income.
Cab service providers are collaborating with financiers and car dealers
so that cab drivers can get discounts and low-interest rates on the
purchase.

This market research report on the global
automotive financing market 2018-2022
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the increasing investments in
autonomous vehicles as one of the key emerging trends in the global
automotive financing market:

Global automotive financing market: Increasing
investments in autonomous vehicles

Autonomous cars are unmanned vehicles that navigate without human
intervention by sensing their environment using techniques such as radio
detection and ranging (RADAR), a global positioning system (GPS), and
ADAS. These cars are also known as self-driving cars, automated cars, or
driverless cars. The highly complex working of an autonomous car has
driven companies and OEMs to pool their R&D resources to design and
develop successful prototypes to improve performance. Various carmakers
have collaborated with technology companies to integrate vehicles with
certain levels of artificial intelligence to create successful
autonomous vehicles. Volvo, Volkswagen, Audi, BMW, General Motors, Ford
Motor, and Google are a few of the stakeholders in the autonomous car
market.

"The concept of an autonomous vehicle is still at a nascent stage,
and it will take many years before commercialization. Industry experts
are expecting this concept to revolutionize the automotive industry. All
major vehicle manufacturers and tier-1 suppliers are launching projects
to commercialize autonomous vehicles,"
says a senior analyst at
Technavio.

Global automotive financing market:
Segmentation analysis

This market research report segments the global automotive financing
market by application (used vehicle and new vehicle), by type of vehicle
(passenger vehicle and commercial vehicle), and geographical regions
(APAC, EMEA, and the Americas).

The APAC region led the market in 2017 with a market share of around
47%, followed by EMEA, and the Americas respectively. The region is
expected to continue to dominate the market during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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