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Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Policies by the Government

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The report titled “Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Policies by the Government” provides a comprehensive analysis on the performance of the Auto Finance industry in Singapore. The report covers various aspects including credit disbursed, trends & developments, issues & challenges faced by the industry, competition landscape and more. The Singapore Auto Finance market report concludes with projections for future of the industry including forecasted values by 2025, market segmentations, COVID - 19 impact and analysts’ recommendations.
 
Singapore Auto Finance Market Overview and Size:
The Singapore Auto Finance Market was observed to be in maturity stage during the period of 2015-2020 despite growing digital advancements to ease loan application process, emerging green car loans and introduction of finance aggregators. This is due to the strict regulations of government in terms of maintaining the on-road vehicles. The Singapore Auto Finance Industry had shrunk at a CAGR of ~0.1% on the basis of Auto credit disbursed and slightly grown at ~1.5% basis Auto Loan Outstanding in 2015-20. The CAGR was comparatively low owing to less number of cars financed in 2020 due to COVID – 19.

Singapore Auto Finance Market Segmentations
By Type of Cars Financed (Units):Singapore Auto Finance market is dominated by Used Vehicles in terms of absolute number of vehicles sold as well as financed. However, relative penetration of auto finance is higher for new vehicles than used vehicles in the country, owing to higher prices of the former.
By Type of Institution basis Loan Outstanding: Majority of the Auto Loans in Singapore is through Banks owing to the huge number of loans offered by them at comparatively low interest rates.
 
Competitive Landscape of Singapore Auto Finance Market
The Auto Finance market of Singapore consists of a large number of Domestic as well as international players. However, only top few players occupy a lion’s share of the market (basis credit disbursed) making the Industry highly concentrated. Major Baking Institutions involved in Auto Loans Services in Singapore include DBS Bank, Standard Chartered, OCBC, MayBank, and UOB among others. Also, Major Non Banking Financial Institutions in the country include Hong Leong Finance, Singapura Finance, Sing Investment and Finance and more. The parameters at which the companies are competing are Interest Rate Offered, Clientele, service portfolio, Technology and more.
 
Singapore Auto Finance Market Future Outlook & Projections
The Singapore Auto Finance industry is expected to increase at a CAGR of ~11% basis Auto credit disbursed and ~0.4% basis Auto Loan Outstanding during 2020 to 2025. The credit disbursed is expected to rise in Singapore at higher than average CAGR owing to higher number of cars financed in the future. The government of Singapore is working towards expansion of Green Car Sales in the country, which is expected to increase the demand of ‘Green Car Loans’ in the future years. New Business Models such as Shared Ownership Financing may also emerge in the country in the coming years. Lastly, Industry is expected to move towards a digital growth with the expansion of Artificial Intelligence, Machine Learning, Big Data and more to further simplify loan application process.
 
Key Segments Covered
  • By Type of Cars Financed- (Units)
  • New Vehicles
  • Used Vehicles 
  • By Type of Institution (Loan Outstanding) (SGD Billion)
    • Banks & Subsidiaries
    • Finance Companies
    • Others

Companies Covered

(Banks)

  • DBS Bank
  • UOB
  • MayBank
  • OCBC
  • Standard Chartered Bank

(Finance Companies)

  • Hong Leong Finance
  • Singapura Finance
  • Sing Investment & Finance
  • Singapore Auto Finance Property Holdings
  • Credit Master
  • Carro
  • SG Cash N Cars
  • Speed Credit
  • SF Holdings
  • Accord Motoring
  • Vincar
  • Goldbell Financial Services
  • Capitall
  • Money Max Leasing

Key Target Audience

  • Existing Auto Finance Companies
  • Banks
  • OEM Dealerships
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Auto mobile Associations
  • Auto mobile OEMs 
Time Period Captured in the Report:-
  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025 
Key Topics Covered in the Report
  • Comprehensive analysis of Singapore Auto Finance Market and its segments.
  • Listed major players and their positioning in the market.
  • Identified major industry developments in last few years and assessed the future growth of the industry.
READ MORE

Table Of Content

Scope

1. Executive Summary
Executive Summary – Singapore Auto Finance Market
Singapore Auto Finance Industry Market Flow Chart

2. Country Overview
Executive Summary (Country Demographics, Major Industries, Trade Scenario, GDP, Geographical Location)
Demographic Analysis of Car Buyers in Singapore

3. Singapore Automotive Industry
Singapore Automotive Market Overview
Singapore Automotive Market Future Projections
Singapore Automotive Market Import and Export Scenario
Singapore Automotive Market Major OEM Players basis Passenger Car Sales

4. Singapore Automotive Finance Industry
Singapore Automotive Finance Ecosystem (Banks, Dealerships, NBFCs)
Singapore Auto Finance Market Evolution
Singapore Auto Finance Market Value Chain Analysis
Singapore Auto Finance Industry Market Overview (Loan Outstanding)
Singapore Auto Finance Industry Market Overview (Credit Disbursed)
Market Segmentation basis Type of Cars Financed (New car, Used Car)
Market Segmentation basis Type of Institution (Banks, Finance Companies and Others)
Issues and Challenges in the Industry
Trends and Developments in the Industry
SWOT Analysis of the Industry
Government Policies Affecting the Industry
Major Types of Car Loans Available in the Industry ( New Car Loan, Used Car Loan, COE Financing, Direct Hire Purchase)
Decision Making Parameter for Selecting Car Loan Vendor
COVID Impact on the Singapore Auto Finance Industry

5. Singapore Automotive Finance Aggregator Market
Singapore Automotive Finance Aggregator Market Overview
Impact of Aggregator Platforms on Various Financial Institutions
Case Study: LANDELA

6. Singapore Automotive Finance Competitive Analysis
Singapore Automotive Finance Competition Overview
Singapore Auto Finance Market Players Cross Comparison ( Establishment year, Headquarters, Branches, Interest Rates, Service Offering, Partners, Number of Employees, Lone Tenure, Recent Trends and more)

7. Singapore Auto Finance Major Players Company Profiles (Banks)
MayBank (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
UOB (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
DBS Bank (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
OCBC (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)

8. Singapore Auto Finance Major Players Company Profiles (NBFCs)
Hong Leong Finance (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
Singapura Finance (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
Sing Investment and Finance (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)

9. Singapore Automotive Finance Market Future Analysis
Singapore Auto Finance Market Future Projections (Loan Outstanding)
Singapore Auto Finance Market Future Projections (Credit Disbursed)
Market Segmentation Future Projections basis Type of Cars Financed (New car, Used Car)
Market Segmentation Future Projections basis Type of Institution (Banks, Finance Companies and Others)

10. Analyst Recommendations
Analyst Recommendations for Auto Finance Players
Analyst Recommendations for Car Buyers in Singapore

11. Definitions & Research Methodology

Disclaimer

Contact Us

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License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
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What will it include? Statistics and charts only; no qualitative content Qualitative & quantitative aspects of the market Qualitative & quantitative aspects in PDF + statistics and charts in excel Printed report including qualitative and quantitative aspects Qualitative & quantitative aspects in PDF + statistics and charts in excel
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Download Option
Copy Option
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Customization 20%
Analyst Time (Post Purchase Queries on Call/ Email)
Disclaimer : In no circumstance, the complete / part of the publication may be resold for monetary terms by the client or any other party related to the client or can be made available on third party website or on Google for general public view.

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INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products and Companies

Products

Key Segments Covered

  • By Type of Cars Financed- (Units)
  • New Vehicles
  • Used Vehicles 
  • By Type of Institution (Loan Outstanding) (SGD Billion)
    • Banks & Subsidiaries
    • Finance Companies
    • Others

 Key Target Audience

  • Existing Auto Finance Companies
  • Banks
  • OEM Dealerships
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Auto mobile Associations
  • Auto mobile OEMs 

Time Period Captured in the Report:-

  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025


Companies

Companies Covered

(Banks)

DBS Bank
UOB
MayBank
OCBC
Standard Chartered Bank

(Finance Companies)

Hong Leong Finance
Singapura Finance
Sing Investment & Finance
Singapore Auto Finance Property Holdings
Credit Master
Carro
SG Cash N Cars
Speed Credit
SF Holdings
Accord Motoring
Vincar
Goldbell Financial Services
Capitall
Money Max Leasing

 

 

Company Profile

Company Profile Title

The report titled “Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Policies by the Government” provides a comprehensive analysis on the performance of the Auto Finance industry in Singapore. The report covers various aspects including credit disbursed, trends & developments, issues & challenges faced by the industry, competition landscape and more. The Singapore Auto Finance market report concludes with projections for future of the industry including forecasted values by 2025, market segmentations, COVID - 19 impact and analysts’ recommendations.
 
Singapore Auto Finance Market Overview and Size:
The Singapore Auto Finance Market was observed to be in maturity stage during the period of 2015-2020 despite growing digital advancements to ease loan application process, emerging green car loans and introduction of finance aggregators. This is due to the strict regulations of government in terms of maintaining the on-road vehicles. The Singapore Auto Finance Industry had shrunk at a CAGR of ~0.1% on the basis of Auto credit disbursed and slightly grown at ~1.5% basis Auto Loan Outstanding in 2015-20. The CAGR was comparatively low owing to less number of cars financed in 2020 due to COVID – 19.

Singapore Auto Finance Market Segmentations
By Type of Cars Financed (Units):Singapore Auto Finance market is dominated by Used Vehicles in terms of absolute number of vehicles sold as well as financed. However, relative penetration of auto finance is higher for new vehicles than used vehicles in the country, owing to higher prices of the former.
By Type of Institution basis Loan Outstanding: Majority of the Auto Loans in Singapore is through Banks owing to the huge number of loans offered by them at comparatively low interest rates.
 
Competitive Landscape of Singapore Auto Finance Market
The Auto Finance market of Singapore consists of a large number of Domestic as well as international players. However, only top few players occupy a lion’s share of the market (basis credit disbursed) making the Industry highly concentrated. Major Baking Institutions involved in Auto Loans Services in Singapore include DBS Bank, Standard Chartered, OCBC, MayBank, and UOB among others. Also, Major Non Banking Financial Institutions in the country include Hong Leong Finance, Singapura Finance, Sing Investment and Finance and more. The parameters at which the companies are competing are Interest Rate Offered, Clientele, service portfolio, Technology and more.
 
Singapore Auto Finance Market Future Outlook & Projections
The Singapore Auto Finance industry is expected to increase at a CAGR of ~11% basis Auto credit disbursed and ~0.4% basis Auto Loan Outstanding during 2020 to 2025. The credit disbursed is expected to rise in Singapore at higher than average CAGR owing to higher number of cars financed in the future. The government of Singapore is working towards expansion of Green Car Sales in the country, which is expected to increase the demand of ‘Green Car Loans’ in the future years. New Business Models such as Shared Ownership Financing may also emerge in the country in the coming years. Lastly, Industry is expected to move towards a digital growth with the expansion of Artificial Intelligence, Machine Learning, Big Data and more to further simplify loan application process.
 
Key Segments Covered
  • By Type of Cars Financed- (Units)
  • New Vehicles
  • Used Vehicles 
  • By Type of Institution (Loan Outstanding) (SGD Billion)
    • Banks & Subsidiaries
    • Finance Companies
    • Others

Companies Covered

(Banks)

  • DBS Bank
  • UOB
  • MayBank
  • OCBC
  • Standard Chartered Bank

(Finance Companies)

  • Hong Leong Finance
  • Singapura Finance
  • Sing Investment & Finance
  • Singapore Auto Finance Property Holdings
  • Credit Master
  • Carro
  • SG Cash N Cars
  • Speed Credit
  • SF Holdings
  • Accord Motoring
  • Vincar
  • Goldbell Financial Services
  • Capitall
  • Money Max Leasing

Key Target Audience

  • Existing Auto Finance Companies
  • Banks
  • OEM Dealerships
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Auto mobile Associations
  • Auto mobile OEMs 
Time Period Captured in the Report:-
  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025 
Key Topics Covered in the Report
  • Comprehensive analysis of Singapore Auto Finance Market and its segments.
  • Listed major players and their positioning in the market.
  • Identified major industry developments in last few years and assessed the future growth of the industry.
READ MORE

Scope

1. Executive Summary
Executive Summary – Singapore Auto Finance Market
Singapore Auto Finance Industry Market Flow Chart

2. Country Overview
Executive Summary (Country Demographics, Major Industries, Trade Scenario, GDP, Geographical Location)
Demographic Analysis of Car Buyers in Singapore

3. Singapore Automotive Industry
Singapore Automotive Market Overview
Singapore Automotive Market Future Projections
Singapore Automotive Market Import and Export Scenario
Singapore Automotive Market Major OEM Players basis Passenger Car Sales

4. Singapore Automotive Finance Industry
Singapore Automotive Finance Ecosystem (Banks, Dealerships, NBFCs)
Singapore Auto Finance Market Evolution
Singapore Auto Finance Market Value Chain Analysis
Singapore Auto Finance Industry Market Overview (Loan Outstanding)
Singapore Auto Finance Industry Market Overview (Credit Disbursed)
Market Segmentation basis Type of Cars Financed (New car, Used Car)
Market Segmentation basis Type of Institution (Banks, Finance Companies and Others)
Issues and Challenges in the Industry
Trends and Developments in the Industry
SWOT Analysis of the Industry
Government Policies Affecting the Industry
Major Types of Car Loans Available in the Industry ( New Car Loan, Used Car Loan, COE Financing, Direct Hire Purchase)
Decision Making Parameter for Selecting Car Loan Vendor
COVID Impact on the Singapore Auto Finance Industry

5. Singapore Automotive Finance Aggregator Market
Singapore Automotive Finance Aggregator Market Overview
Impact of Aggregator Platforms on Various Financial Institutions
Case Study: LANDELA

6. Singapore Automotive Finance Competitive Analysis
Singapore Automotive Finance Competition Overview
Singapore Auto Finance Market Players Cross Comparison ( Establishment year, Headquarters, Branches, Interest Rates, Service Offering, Partners, Number of Employees, Lone Tenure, Recent Trends and more)

7. Singapore Auto Finance Major Players Company Profiles (Banks)
MayBank (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
UOB (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
DBS Bank (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
OCBC (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)

8. Singapore Auto Finance Major Players Company Profiles (NBFCs)
Hong Leong Finance (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
Singapura Finance (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
Sing Investment and Finance (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)

9. Singapore Automotive Finance Market Future Analysis
Singapore Auto Finance Market Future Projections (Loan Outstanding)
Singapore Auto Finance Market Future Projections (Credit Disbursed)
Market Segmentation Future Projections basis Type of Cars Financed (New car, Used Car)
Market Segmentation Future Projections basis Type of Institution (Banks, Finance Companies and Others)

10. Analyst Recommendations
Analyst Recommendations for Auto Finance Players
Analyst Recommendations for Car Buyers in Singapore

11. Definitions & Research Methodology

Disclaimer

Contact Us

License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
Deliverable Format :viewable on the website via username :viewable on the website via username ; :viewable on the website via username :Printed Publication/ Book by Post ; :viewable on the website via username
What will it include? Statistics and charts only; no qualitative content Qualitative & quantitative aspects of the market Qualitative & quantitative aspects in PDF + statistics and charts in excel Printed report including qualitative and quantitative aspects Qualitative & quantitative aspects in PDF + statistics and charts in excel
Print Option
User Sharing Restricted to one registered login Restricted to one registered login Restricted to one registered login Access to Printed Report; No Soft Copy Multiple Users within the Company/ Enterprise
Download Option
Copy Option
Citation Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate)
Customization 20%
Analyst Time (Post Purchase Queries on Call/ Email)
Disclaimer : In no circumstance, the complete / part of the publication may be resold for monetary terms by the client or any other party related to the client or can be made available on third party website or on Google for general public view.
To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

Key Segments Covered

  • By Type of Cars Financed- (Units)
  • New Vehicles
  • Used Vehicles 
  • By Type of Institution (Loan Outstanding) (SGD Billion)
    • Banks & Subsidiaries
    • Finance Companies
    • Others

 Key Target Audience

  • Existing Auto Finance Companies
  • Banks
  • OEM Dealerships
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Auto mobile Associations
  • Auto mobile OEMs 

Time Period Captured in the Report:-

  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025


Companies

Companies Covered

(Banks)

DBS Bank
UOB
MayBank
OCBC
Standard Chartered Bank

(Finance Companies)

Hong Leong Finance
Singapura Finance
Sing Investment & Finance
Singapore Auto Finance Property Holdings
Credit Master
Carro
SG Cash N Cars
Speed Credit
SF Holdings
Accord Motoring
Vincar
Goldbell Financial Services
Capitall
Money Max Leasing