Bahrain Car Finance Market Outlook 2027F
driven by government regulations & technological innovations
January 2023
70
About the Report
About the Report
The report provides a comprehensive analysis of the potential of Bahrain Car finance Market. The report covers an overview and genesis of the industry, market size in terms of car dealerships.
Its market segment includes by type of vehicle financing (New car, used car), by type of car financed (Hatchback, Sedan, SUV, Multipurpose), by tenure (3-4 years, 4-5 years), by type of institution (bank, NBFC, Captive), by mode of booking (Online, Offline), by price (high, medium, low). The report includes Porter’s five force analysis, growth enablers, recent trends & developments, pain points & solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview
According to Ken Research estimates, the Bahrain Car finance Market which grew at a CAGR of ~% from 2017-2022 & is forecasted to grow at a CAGR of ~% from 2023-2027F owing to government regulations, increased demand for cars & technological innovations.
- The Bahrain car Finance market is witnessing a steady growth & is recovering from the negative impact it suffered as a result of the global pandemic.
- New innovations on technological front & government interventions & regulations are anticipated to pave the way for positive growth in the Bahrain car Finance market.
- Growth rate of total cars financed is going to increase over the period as financing becomes easier, market penetration rates increase.
Key Trends by Market Segment:
By Type of Vehicle Financed: New cars are expected to capture a large share of the market in the upcoming years owing to an increasing population & wealth.
By type of car financed: Multi-purpose vehicles are preferred as compared to others and will probably drive the market in upcoming years.
Competitive Landscape
The Bahrain Car Finance market is consolidated with a few players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the Bahrain car Finance market for its products, services, and continuous product developments are Standard chartered, Ithmaar bank, Arab National bank, Bank of Bahrain & Kuwait among others.
Future Outlook
The Bahrain Car Finance Market witnessed significant growth during the period 2017-2021, owing to Collaborations with Partners, Enhancing Service Offerings and Expand Pipeline with Predictive Analysis.
Growth rate of total cars financed is going to increase over the period as financing becomes easier, market penetration rates increase.
Scope Of The Report
Scope of the Report
|
By Type Vehicle Financed |
Used car Financing New car Financing |
|
By Type of car Financed |
Hatchback Sedan SUV Multipurpose others |
|
By tenure |
3-4 years 4-5 years |
|
By Price |
High (500,000+) Medium (200k-500k) Low (below 200K) |
|
By type of institution |
Bank NBFC Captives |
|
By mode of booking |
Online Offline |
Products
Products
Key Target Audience
- Banks and its Subsidiaries
- NBFCs
- Captive Finance Companies
- Government and Institutions
- Automobile Companies
- Car Dealers
- Government and Institutions
- Existing Car Finance Companies
- OEM Dealerships
- New Market Entrants
- Investors
- Auto mobile Associations
Time Period Captured in the Report:
- Historical Period: FY’17- FY’22P
- Base Year: FY’22P
- Forecast Period: FY’22P – FY’27F
Companies
Major Companies Covered
- Standard chartered bank
- Ithmaar bank
- Al Khaleeji bank
- Bank of Bahrain & Kuwait
- Arab Bank
- Al Baraka Bank
Table of Contents
Table of Contents
1. Executive Summary
2. Bahrain Car Finance Market Overview
2.1 Taxonomy of the Bahrain Car Finance Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Bahrain Car Finance Market
2.5 Growth Drivers of the Bahrain Car Finance Market
2.6 Issues and Challenges of the Bahrain Car Finance Market
2.7 Impact of COVID-19 on the Bahrain Car Finance Market
2.8 SWOT Analysis
3. Bahrain Car Finance Market Size, 2017 – 2022
4. Bahrain Car Finance Market Segmentation
4.1 By Loan Tenure, 2017 - 2022
4.2 By Institution, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Standard Chartered Bank
5.3.2 Ithmaar Bank
5.3.3 Al Khaleeji Bank
5.3.4 Arab Bank
5.3.5 Al Baraka Bank
5.3.6 Bank Of Bahrain
5.3.7 Bank of Kuwait
6. Bahrain Car Finance Market Future Market Size, 2022 – 2027
7. Bahrain Car Finance Future Market Segmentation
7.1 By Loan Tenure, 2022 - 2027
7.2 By Institution, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics on used car and new car over the years, penetration of car finance and down payment ratio to compute overall credit disbursed for cars. We will also review central bank statistics to understand credit disbursed and outstanding amount which can ensure accuracy behind the datapoint shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Bahrain Car Finance Market is covered from 2017–2022 in this report, including a forecast for 2023-2027.
02 What is the Future Growth Rate of the Bahrain Car Finance Market?
The Bahrain Car Finance Market is expected to witness a CAGR of ~% over the next four years.
03 What are the Key Factors Driving the Bahrain Car Finance Market?
Government initiatives, technological innovation & increasing demand for cars are some of the major growth drivers of Bahrain Car Finance Market.
04 Who are the Key Players in the Bahrain Car Finance Market?
Arab national bank, Ithmaar bank, Standard Chartered bank are some of the prominent players in the market.
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