Philippines Auto Finance Market Outlook to 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Philippines Auto Finance Market Outlook to 2023 – By Banks and NBFCs including Captive Units (Auto Loan Portfolio and Motor Cycle Loan Portfolio), By New and Used Motor Vehicles, By Motor Vehicle Financed (Passenger and Commercial Vehicles), By Loan Time Period” provides a comprehensive analysis of Philippines’ auto finance market including market evolution, market overview, market genesis, market size and market segmentations. Extensive focus has been placed in quantifying the auto credit disbursed auto loans outstanding and number of vehicles financed. The report covers aspects such as market segmentation (by loan tenure, type of vehicles, new and used cars and type of institutions) and snapshot on general automotive space in Philippines. Comparative landscape of major banks including Metro Bank, BDO, Ps Bank, East West Bank, Philippine National Bank (PNB Saving Bank), Bank of the Philippine Islands, RCBC, May Bank Philippines Incorporated and others as well as the comparative landscape of major NBFCs including the Toyota Financial Services Philippines Corporation (TFSPH), MAFS, Unistar Credit and Finance Corporation, Radio Wealth finance Company, Asia Link Finance Corporation and others have been extensively covered. The report also covers future industry analysis (by credit disbursed and auto loan outstanding), future market segmentation, SWOT analysis, growth opportunities, up-coming business models, government regulations and analyst recommendations. Philippines Auto Finance Market Overview and Size Philippines auto finance market has been identified in its growth stage. The auto finance market tends to align itself with the domestic market for automobiles. Given its relation with this huge market, the sector naturally plays an important role in the overall growth of the economy. During the last 5 years, the auto finance market has boomed as demand and supply for automotives was growing at double digits year on year. Lenders (supply side entities), in this period have evolved to provide a range of innovative products and services to further improve attraction and penetration of the market. There have been various factors driving the growth of the Philippines auto finance market by value as well as by credit disbursed. Some of these factors are the growing economy of Philippines, increasing motorization rate, increased disposable income leading to an increase in purchase of automobiles and the advent of web aggregators. Along with these factors, an increase in per capita income has led more households to own an automobile in Philippines. Philippines Auto Finance Market Segmentation By Type of Motor Vehicle Loans Provided By Banks and NBFCs (Auto Loan Portfolio and Motor Cycle Loan Portfolio): In Philippines, auto loan is disbursed only for passenger vehicles including passenger cars, utility vehicles, sports utility vehicles; and commercial vehicles including trucks, buses and trailers. Motorcycle loans provided to finance two wheelers in the country. Auto loan provided by both banks as well as NBFCs was observed to dominate the market during 2018. The total loan portfolio provided by the banks for financing automotives has grown over the review period. By Type of Motor Vehicle (New Vehicle and Pre-Owned Vehicles): Loan financing provided for new vehicles established itself as market leader in the Philippines auto finance market during the year 2018 owing to the advantages that come handy with the new vehicles that includes higher resale value and better financing schemes. Pre-owned vehicles captured limited share in the market. By Type of Motor Vehicle Financed (Passenger Vehicle and Commercial Vehicle): Passenger vehicles are used for domestic purpose either by family or an individual for personal use whereas commercial vehicles are majorly used for business purpose. Passenger vehicle financing dominated the Philippines auto finance market during the year 2018. Heavy traffic coupled with rising prices of the car is letting Filipinos to shift from cars to motor cycles in Philippines. By Time Period of Loan (1, 2, 3, 4, 5 and more years) Between New and Pre-Owned Motor Vehicles: The loan tenure selected by the customer depends on factors such as the price of the car, income level of the customer, flexible scheme options and other social factors such as family size and life style of the individual. The maximum tenure allotted for a car loan by both banks and private finance companies is seven years for new car. It has been observed that, people opting for five year loan tenure dominated the Philippines auto finance market in 2018 followed by 3 year, 4 year, 2 year and 1 year loan tenure period. By Vehicles Registered Under Various Regions: Number of new vehicles sold in NCR was observed to be higher compared to all other Filipino regions. The heavily populated capital city along with emerging business opportunities in the city has given a boost to commute via cars / motor cycles. Comparative Landscape in the Philippines Auto finance Market Competition within the Philippines auto finance market was observed to be highly fragmented along with majority the motor vehicle loans being financed by Banks and the rest small portion is financed by Non Banks and Dealerships. Some of the leading banking institutions include Metro Bank, BDO, Ps Bank, East West Bank, the Philippine National Bank (PNB Saving Bank), Bank of the Philippine Islands, RCBC, May Bank Philippines Incorporated and others. However, stiff competition was observed in the case of NBFCs and dealerships operating in the Philippines including Toyota Financial Services Philippines Corporation, MAFS, Unistar Credit and Finance Corporation, Radio Wealth finance Company and others. Parameters on the basis of which companies compete in the market include price, digitalization, customer centricity, type of distribution network, service portfolio and others. Although there are approximately 100-150 entities involved in extending owing to low cost of financing and high trust factor associated with their organized and stable business structures. Philippines Auto Finance Market Future Outlook and Projections Over the forecast period, Philippines auto finance market is expected to be positive if there is continuous need for motor vehicle among population. Multiple fin-tech startups have also come up in the country’s financial sector which poses a threat to multi finance companies. These start ups have developed products to augment the digitalization of the banking sector. This includes digital payments, online lending and remote banking facilities which made customer lending process uncomplicated further facilitating the car finance market in the country. Non-banks and dealerships services are expected to outpace the growth in banking institutions because of their customized products and ease to approach. The turnaround time to finance is also relatively less compared to banking institutions. In addition to that, the Philippines auto finance market is likely to witness a boom in terms of number of auto loans sanctioned especially on the technological front. Moreover, a rise in commercial activities engaging automobiles such as rising use of vehicles in public transport, agricultural and industrial use, are expected be the potential prospects of growth in the next five years. Key Segments Covered:- By Type of Motor Vehicle Loans Provided By Banks and NBFCs Auto Loan Portfolio Motor Cycle Loan Portfolio By Type of Motor Vehicle New Vehicle Pre-Owned Vehicles By Type of Motor Vehicle Financed Passenger Vehicles Passenger Cars Utility Vehicles Sports Utility Vehicles Two Wheelers Commercial Vehicles Trucks Buses Trailers By Time Period of Loan between New and Pre-Owned Motor Vehicles and One Year Two Year Three Year Four Year Five Years and More By Vehicles Registered Under Various Regions Key Target Audience:- Existing Auto Finance Companies Banks & Subsidiaries Auto OEM Captive Finance Companies Non Banking Financial Institutions New Market Entrants Automobile Financing Companies Government Organizations Investors Automobile Associations Automobile Original Equipment Manufacturer Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2018-2023 Key Companies Covered:- Banking Institutions Metro Bank BDO Bank PS Bank East West Bank Philippine National Bank Bank of the Philippine Islands Maybank Philippines Incorporated Others Non-Banks and Dealership Financing Toyota Financial Services Philippines Corporation (TFSPH) MAFS Unistar Credit and Finance Corporation Radio Wealth finance Company Others Key Topics Covered in the Report:- Philippines Auto Finance Market Evolution Philippines Auto Finance Market Overview and Genesis Philippines Auto Finance Market Ecosystem, 2018 Philippines Auto Finance Market Value Chain Analysis Philippines Auto Finance Market Size, 2013-2018 Philippines Auto Finance Market Segmentation, 2013-2018 Major Trends and Development in Philippines Auto Finance Market Regulatory Framework in the Philippines Auto Finance Market Snapshot on Philippines Automotive Sales And Manufacturing Market, 2013-2023 Comparative Landscape in the Philippines Auto Finance Market Philippines Auto Finance Market Future Outlook and Projections, 2018-2023 Analyst Recommendations for the Philippines Auto Finance Market For more information on the research report, refer to below link:- Philippines Auto Finance Market Related Reports:- Vietnam Auto Finance Market Outlook to 2023 – by Loan Tenure, by Type of Institution (Commercial Banks and Non- Banking Financial Institutions) and by Type of Vehicle (Passenger and Commercial) Thailand Auto Finance Market Outlook to 2023 – by Loan Tenure, By Commercial Banks, Non- Banking Financial Institutions, Auto OEMs Captives; By New and Used Passenger and Commercial Vehicles Indonesia Car Finance Market By Type (New And Used Passenger And Commercial Cars), By Tenure Of Loan, By Banks, Captive And Non Captive Institutions – Outlook To 2021 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Ang Kita ng Pananalapi sa Pananalapi ng Pilipinas, Asset Under Management Auto loan Philippines, AUM Auto Loan Philippines, Auto Credit Disbursed Philippines, Auto Finance Industry In Philippines, Auto Finance Market In Philippines, Auto Lease Finance Market Philippines, Auto Lease Market Philippines, Auto Leasing Market Philippines, Auto Loan Book Market Philippines, Auto Loan Disbursed Philippines, Auto Loan Online Aggregator Philippines, Auto Loan Outstanding Philippines Market, Auto Loan Partnership Dealers Philippines, Auto Loan Product Philippines, AutoDeal Market Share Philippines, Bank Auto Finance Philippines, Bank Finance Auto Loan Philippines, Bank of the Philippine Islands Auto Loan Market Competition, BDO Bank Auto Loan Market Philippines, Bilang ng Financed Financing ng Pilipinas, Bus Finance Market Philippines, Captive Auto Loan Finance Philippines, Captive Finance Companies Philippines, Captives Philippines Auto Finance, Car Finance Industry Philippines, Commercial Vehicle Finance Philippines, Competition Auto Loan Philippines, Credit Disbursed Auto Finance Philippines Market, East West Bank Auto Finance Market Philippines, Ginamit ang Car Finance Market Philippines, Industry Research Report Of Philippines Auto Finance, Interest Income Auto Loan Philippines, Loan Outstanding Philippines Market, Lumang Car Finance Market Philippines, MAFS Philippines Auto Finance Market, Major Auto Loan Providers Philippines, Market Research Report Of Philippines Auto Finance, Maybank Philippines Auto Finance Market, Metro Bank Philippines Auto Loan Portfolio, Motor Cycle Loan Market Philippines, Motor Loan Book Philippines, Motor Loan Market Philippines, Motor Loan Vehicle Portfolio Philippines, Motor Vehicle Loan Market Philippines, MotorBike Loan Outstanding Philippines, New Auto Loan Acquisition Rate Philippines, New Car Finance Market Philippines, New Car Finances Market Philippines, New Vehicle Finance Portfolio Philippines, Non Bank Auto Finance Philippines, Non Bank Financial Institutes Auto Finance Philippines, Non Bank Institutes Philippines, Number of Automobile Financed Philippines, Number of Vehicles Financed Philippines, Old Car Finance Market Philippines, Outlook Auto Finance ng Pananalapi sa Pilipinas, Passenger Vehicle Finance Philippines, Philippine National Bank Market Share Auto Loan, Philippines Auto Finance Industry, Philippines Auto Finance Industry Research Report, Philippines Auto Finance Market, Philippines Auto Finance Market Analysis, Philippines Auto Finance Market Competition, Philippines Auto Finance Market Drivers, Philippines Auto Finance Market Forecast, Philippines Auto Finance Market Future Outlook, Philippines Auto Finance Market Growth, Philippines Auto Finance Market Major Players, Philippines Auto Finance Market Opportunities, Philippines Auto Finance Market Overview, Philippines Auto Finance Market Research Report, Philippines Auto Finance Market Revenue, Philippines Auto Finance Market Scope, Philippines Auto Finance Market Segmentation, Philippines Auto Finance Market Shares, Philippines Auto Finance Market Size, Philippines Auto Finance Market Trends, Philippines Auto Finance Market Value, Philippines Auto Finance Product, Philippines Auto Finance Value Chain, Philippines Vehicle Loan Portfolio, Pilipinas Auto Finance Industry, Pre Owned Vehicle Finance Philippines, PS Bank Auto Finance Market Philippines, Radiowealth Philippines Auto Finance Market, Regulation Auto Loan Philippines, Toyota Financial Services Philippines Auto Loan, Truck Loan Philippines Portfolio, Two Wheeler Finance Philippines, Unistar Credit and Finance Corporation Auto Finance Market, Used Car Finance Market Philippines