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Singapore Auto Finance Market Outlook to 2025 - Driven by Green Car Loans, Growing Digital Advancements and Increasing Number of Finance Aggregators

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The report titled “Singapore Auto Finance Market Outlook to 2025 - Driven by Green Car Loans, Growing Digital Advancements and Increasing Number of Finance Aggregators” 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 growth stage during the period of 2015-2020 owing to the growing digital advancements to ease loan application process, emerging green car loans, introduction of finance aggregators and more. The Singapore Auto Finance Industry had grown at a CAGR of 0.7% on the basis of Auto credit disbursed and 2.2% 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. As of 2020, on an average, 85-90% of the vehicles sold in Singapore were financed, with approximately ~65% of the cost share borrowed from Auto Financial Institutions.

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 Credit Disbursed and Loan Outstanding basis Type of Cars: Passenger Vehicles occupy the lion’s share of the total credit disbursed as well as loan outstanding in the Auto Finance Market of Singapore with New Vehicles and Used Vehicles financing almost equally dominating the Passenger Vehicle segment.

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 8.9% basis Auto credit disbursed and 1.3% 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 Credit Disbursed (By SGD Billion)

  • Commercial Vehicles
  • Passenger Vehicles

               New Vehicles
               Used Vehicles
               Motorcycles

By Loan Outstanding (By SGD Billion)

  • Commercial Vehicles
  • Passenger Vehicles
  • New Vehicles
  • Used Vehicles
  • Motorcycles

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 Loan Outstanding and Credit Disbursed (Commercial Cars, Passenger Cars (New, Used Vehicles and Motorcycles)) 

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 Loan Outstanding and Credit Disbursed (Commercial Cars, Passenger Cars (New, Used Vehicles and Motorcycles)) 

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

Licence Rights

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.

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products and Companies

Products

Key Segments Covered

By Type of Cars Financed- (Units)

  • New Vehicles
  • Used Vehicles

By Credit Disbursed (By SGD Billion)

  • Commercial Vehicles
  • Passenger Vehicles

               New Vehicles
               Used Vehicles
               Motorcycles

By Loan Outstanding (By SGD Billion)

  • Commercial Vehicles
  • Passenger Vehicles
  • New Vehicles
  • Used Vehicles
  • Motorcycles

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 - Driven by Green Car Loans, Growing Digital Advancements and Increasing Number of Finance Aggregators” 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 growth stage during the period of 2015-2020 owing to the growing digital advancements to ease loan application process, emerging green car loans, introduction of finance aggregators and more. The Singapore Auto Finance Industry had grown at a CAGR of 0.7% on the basis of Auto credit disbursed and 2.2% 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. As of 2020, on an average, 85-90% of the vehicles sold in Singapore were financed, with approximately ~65% of the cost share borrowed from Auto Financial Institutions.

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 Credit Disbursed and Loan Outstanding basis Type of Cars: Passenger Vehicles occupy the lion’s share of the total credit disbursed as well as loan outstanding in the Auto Finance Market of Singapore with New Vehicles and Used Vehicles financing almost equally dominating the Passenger Vehicle segment.

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 8.9% basis Auto credit disbursed and 1.3% 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 Credit Disbursed (By SGD Billion)

  • Commercial Vehicles
  • Passenger Vehicles

               New Vehicles
               Used Vehicles
               Motorcycles

By Loan Outstanding (By SGD Billion)

  • Commercial Vehicles
  • Passenger Vehicles
  • New Vehicles
  • Used Vehicles
  • Motorcycles

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 Loan Outstanding and Credit Disbursed (Commercial Cars, Passenger Cars (New, Used Vehicles and Motorcycles)) 

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 Loan Outstanding and Credit Disbursed (Commercial Cars, Passenger Cars (New, Used Vehicles and Motorcycles)) 

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 Credit Disbursed (By SGD Billion)

  • Commercial Vehicles
  • Passenger Vehicles

               New Vehicles
               Used Vehicles
               Motorcycles

By Loan Outstanding (By SGD Billion)

  • Commercial Vehicles
  • Passenger Vehicles
  • New Vehicles
  • Used Vehicles
  • Motorcycles

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