Qatar Vehicle Finance Market is further expected to reach a Market Size of around QAR 25.2 Billion in terms of Auto Loans Outstanding & QAR 9.6 Billion in terms of Auto Loans disbursed by the year ending 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 Captives & NBFC’s are expanding their auto loan portfolios at an increasing rate. Many Automobile OEM’s, especially luxury brands like BMW, Audi etc. have started providing loans with 0% down-payments to increase the sale of their vehicles. This has proved very effective for these companies and has driven the sale of these dealerships. Competition in the Qatar automobile market is expected to intensify as the market moves towards maturity. That means pricing wars will drive transaction prices down and lead to constant readjustment of after sales package prices (regular maintenance and servicing, parts etc.) in line with competition. The cost of vehicle ownership in Qatar is low compared to other countries globally, due to a favorable tax structure. Availability of attractive insurance and financing options also makes it convenient to own a car for a Qatari. Moreover, the lack of public transport system means that the availability of alternative means of transportation is limited which results in higher penetration of vehicle ownership in the country. Increase in Competition: The auto finance market in Qatar is dominated by Banks, however Captives and NBFCs are increasing their presence in the Qatar auto finance market in the past few years. As a result, Banks are now forced to rethink their lending strategy to address their declining market share. The market is expected to be highly competitive in the future with lenders competing on interest rates or monthly repayment offered. Moreover, with the sales of used vehicles growing continually, lenders will be competing to capture this space as well with attractive financing options for new customer acquisitions. Increasing Convenience by Digitization: With the number of millennial car purchasers increasing and increasing ease of digital interactions; digitalization and technology is set to play an important role in the Qatar auto finance industry in future and with technologies such as fin-tech and cloud services coming to the landscape, the loan process is on its way from being extremely complicated and time consuming to being increasingly streamlined and super-fast. Increasing Penetration Rate: Increasing online marketing and customer acquisition capabilities of dealers and lenders, the proportion of people who finance the purchase of a vehicle will increase. Dealerships partnering with online lead generation companies will help the stakeholders in the market to carefully target and expand their total addressable market. The used vehicles segment will see an increase in the penetration ratio in term of number of units and NBFCs & OEM captives are expected to capture majority of the share in auto financing requirement of consumers in this segment. Analysts at Ken Research in their latest publication “Qatar Auto Finance Market Outlook to 2023 –By Banks, Non-Banking Financial Companies and Captives, By New and Used Vehicles, By Type of Vehicle Financed (Motor Bikes, Cars and Light Commercial Vehicles) and By Loan Time Period” believe that the Qatar Auto Finance market demand is likely to follow a growth trend in the near future due to increasing penetration rates in used vehicles financing, increasing preference of debt financing & rising new vehicles sales. Some positive factors expected to impact the market, are the introduction of digitalization based lending models, the spread of customized loan products and a further rise in the penetration rate of both new & used vehicle finance. The market is anticipated to register a positive CAGR of 7.5% in terms of Loans Outstanding & CAGR of 6.7% in terms of Credit Disbursed during the forecasted period 2019-2023. Key Segments Covered By New and Used Vehicle New Vehicle Used Vehicle By Type of Vehicle Motor Bikes Cars Light Commercial Vehicles By Lender Category Banks Captives Non-Banking Financial Companies By Loan Tenure between New and Pre-Owned Motor Vehicles One Year Two Years Three Years Four Years Five Years or More Key Target Audience Existing Auto Finance Companies Banks Non-Banking Financial Companies New Market Entrants Government Organizations Investors Automobile Associations Automobile OEMs Time Period Captured in the Report: Historical Period: 2014-2018 Forecast Period: 2019F-2023F Key Companies Covered: Banks Qatar National Bank Doha Bank Commercial Bank International Bank of Qatar Qatar Islamic International Bank Qatar Islamic Bank Masraf Al Rayan Non-Banking Financial Companies First Finance Company (Barwa Bank) Al Jazeera Finance Key Topics Covered in the Report Executive Summary Research Methodology Qatar Vehicle Finance Market Overview and Genesis Qatar Vehicle Finance Market Size, 2014-2018 Qatar Vehicle Finance Market Segmentation, 2014-2018 Major Trends and Development in Qatar Vehicle Finance Market Regulatory Framework in the Qatar Vehicle Finance Market A Snapshot on Digitalization of Auto Finance in Qatar Customer Perspective in Qatar Vehicle Finance Market Competitive Landscape containing Company Profiles in the Qatar Auto Finance Market Qatar Vehicle Finance Market Future Outlook and Projections, 2019F-2023F Analyst Recommendations for the Qatar Auto Finance Market For More Information on the research report, refer to below link: https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/qatar-auto-finance-market-outlook-to-2023/274062-93.html Related Reports: https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/us-vehicle-finance-market-outlook/252780-93.html https://www.kenresearch.ae/banking-financial-services-and-insurance/loans-and-advances/vietnam-auto-finance-market/180197-93.html https://www.kenresearch.ae/banking-financial-services-and-insurance/loans-and-advances/thailand-auto-finance-market/179514-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/philippines-auto-finance-market-outlook/227542-93.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Al Jazeera Finance Auto Finance Market Share, Auto Leasing & Financing Market Qatar, Auto Loan Outstanding Qatar Market, Bank Auto Finance Market Qatar, Captive Finance Companies Market Qatar, Captives Qatar Vehicle Finance Market, Commercial Bank Auto Finance Market Share, Credit Disbursed Auto Finance Qatar, Digitization of Vehicle Finance, Doha Bank Auto Finance Market Share, First Finance Co. 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