Philippines Auto Finance Market Research Report: 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 How Philippines Auto Finance Market Is Positioned? The auto finance market has played an imperative role in the overall GDP (Constant Prices) contribution in the Philippine economy with a value contribution of more than 25% in terms of auto loan outstanding by the end of 2019 (Provisional). The Auto Finance Market in Philippines is fairly new and has not been able to penetrate the country. There is a lack of knowledge and awareness in the country which leads to the problem of people opting for cash purchases, in place of finance payments. Major operations are conducted by two types of entities namely, Banks & Subsidiaries and Non Bank Financial Institutes. The only captive finance working in the country is Toyota Financial Services Philippines and other than that there is a lack of Captive finance institutions. The Issuance of digitally Advanced Products, being offered by various Fintech Institutions, also acts as a Catalyst to the Growth of Industry. Philippines auto finance market size in terms of auto loan outstanding increased from ~ in 2014 to ~billion in 2019P, registering a CAGR of ~ during the same period. The growth factors include lowering lending rates, growth in new & used car sales, expanding household population and higher demand in the urban regions along with progressive technological advancements being mandated by the government and the adoption of digitalization by all major financial institutions in the country. Two-wheelers market witnessed growth with the rise in motorcycle fueled by the huge demand by small industry workers and rural business. Constant prime lending rates, growing car sales and evolving used car market have been the major push factors. Moreover, convenience in lending is being improved as online lending ecosystems contribute to the rising customized products catered to the borrower’s need. Philippines Auto Finance Market Segmentation By Type of Vehicles Financed: Market segmentation is done on the basis of sales of type of Vehicle financed. It was observed that out of total vehicle financed, new Automobiles capture almost ~ of the market in 2019P, while used Automobile capture ~ of the overall financed vehicle, and motorcycle amounted to ~ in terms of units. By Banks and Non Banks: Philippines Auto finance market is largely governed by Banks and Banking segment of the market amounts to ~ of the overall market. Non banking sector amounts to ~ of the market in terms of Auto loan outstanding. By Banks on the basis of Auto Loans and Motorcycle Loans: In Philippines, it is witnessed that the banks majorly focus upon providing loans to the Automobile segment rather than motorcycle segment. Due to this, auto loan segment of the bank amounted to ~ of the market and Motorcycle loan amounted to ~ of the overall market. By Non Banks on the basis of Auto Loans and Motorcycle Loans: Non Banks in Philippines majorly focus on providing loans for Used Automobiles and for motorcycle, as they have lower average price. For Non Banks, we see that Auto loans amounts to ~ and motorcycle amounts to ~ of the market. By Type of Banking Institutions: There are majorly two types of Banking Institutions in Philippines; Commercial and Thrift banking systems. Commercial banks are big and govern ~ of the banking segment of the market and thrift banking system amounts to ~ of the banks share in the market. By Sales Registration: In Philippines, we witness that NCR region, has the highest value of sales registration and approximately ~ of the total vehicles are registered in this area. By Nature of Vehicle: The market has been divided in terms of Used and New Vehicle. It is witnessed that in Philippines, majority of the market is governed by new vehicle and it amounts to ~ of the overall market. On the other hand, used vehicle market amounts to ~ of the overall market. Key Segments Covered: By Type of Vehicle Financed New Vehicles Used Vehicles Motorcycles By Banks and Non Banks Banks (Auto Loans and Motorcycle Loans) Non Banks (Auto Loans and Motorcycle Loans) By Type of Banking Institutions Commercial and Universal Banks Thrift Banks By Nature of Vehicles New Vehicles (Banks and Non Banks) Used Vehicles (Banks and Non Banks) By Type of Vehicle Sold Passenger Commercial Motorcycles By Tenure of Loans New Vehicle (1 year, 2 Years, 3 Years, 4 years, 5 Years or More) Used Vehicle (1 year, 2 Years, 3 Years or More) By Registration of Vehicles 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: 2014-2019P Forecast Period: 2019P-2024F Key Companies Covered: Banks MetroBank BDO Bank PS Bank Eastwest Bank The Philippine National Bank Bank of the Philippine Islands The Rizal Commercial Banking Corporation Maybank Philippines China Bank United Coconut Planters Bank Security Bank Corporation Union Bank Robinsons Bank The Philippine Bank of Communications (PBCOM) Land Bank of Philippines Asia United Banking Corporation Bank of Commerce Development Bank of Philippines Union Bank UCPB Bank Sterling Bank of Philippines NBFCs Radiowealth finance company (RFC) Unistar Credit and Finance Corporation Asia Link Finance Corporation Leauge One Finance and leasing Corporation DBP Leasing Corporation First United Finance and Leasing Corporation BPI Capital Corporation Cebu International Finance Corporation Orix Metro Leasing and Finance Corporation Philippine Depository and Trust Corporation LBP leasing and Financing Corporation RCBC Leasing and Finance Corporation Captives Toyota Financial Services Philippines Limited Key Topics Covered in the Report Philippines Auto Finance Market Overview and Genesis Philippines Auto Finance Market Ecosystem, 2019P Value Chain Analysis of Philippines Auto Finance Market, 2019P Philippines Finance Market Value Chain Analysis Philippines Auto Finance Market Size, 2013-2019P Philippines Auto Finance Market Segmentation, 20113-2019P 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, 2014-2019P Ways to Finance Automotives in Philippines(Bank Finance or Multi Financing Companies, Personal Finance, Lease Financing) Vendor Selection Process for Auto Finance Company in Philippines Competitive Landscape containing Company & Product Profiles in the Philippines Auto Finance Market Financial Penetration of various OEM Brands Philippines Finance Market Future Outlook and Projections, 2019P-2024 Analyst Recommendations for the Philippines Auto Finance Market For More Information, Click on the Link Below:- Philippines Auto Finance Market 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