Singapore Auto Finance Market, Auto Finance Industry, Market Revenue, Market Size, Market Shares, Market Future Outlook: 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 Is Singapore Auto Finance Market Positioned? The Singapore Auto Finance industry is at a growth stage and is increasingly being supported by modern digital infrastructure and huge loan portfolio. The average cost of car loan in the industry is ~2.4% and~2.7% for a new or used car respectively. Singapore Auto Finance market has grown in the in past few years owing to the favorable policies by Government for expanding green cars sector, increasing average disposable income of people, growing investments by large players for customer satisfaction. Moreover, Emergence of digital finance aggregators, improving infrastructure, rising technological innovations along with increase in use of internet and rising mobile penetration have also led to this expansion in the market. Market: The Auto Finance market basis credit disbursed as well as loan outstanding had seen relatively average growth in the last few years, recording a CAGR of ~% and ~% during 2015-2020 respectively. The CAGR had grown comparatively at a lower rate owing to less number of cars financed in 2020 due to COVID – 19.Other contributing factors for relatively lower CAGR were high cost of loan, time consuming application process, low vehicle sales growth and more. As of 2020, on an average, 85-90% of the vehicles sold in Singapore were financed. Singapore Auto Finance Market Segmentation By Type of Cars Financed Singapore Auto Finance market is dominated by Used Vehicles in terms of absolute number of vehicles sold as well as financed. However, relatively finance penetration rate is higher for new vehicles than used vehicles in the country owing to higher prices of the former. By Credit Disbursed Passenger Vehicles occupy the lion’s share of the total credit disbursed in the Auto Finance Market of Singapore with New Vehicles and Used Vehicles financing almost equally dominating the Passenger Vehicle segment. By Loan Outstanding Passenger Vehicles occupy the lion’s share of the 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 Majority of the Auto Loan Outstanding in Singapore is through Banks owing to the huge loan portfolio offered by them at comparatively lower interest rates. Competitive Scenario in 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 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 Future Outlook and 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. For More Information on the Research Report, refer to below links: – Singapore Auto Finance Market Related Reports by Ken Research Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans Thailand Auto Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies and Loan Portfolio of Banks acting as a Catalyst for Market Growth Qatar Auto Finance Market Outlook to 2023 –By Banks, Non Banking Financial Companies and Captives, By New and Used Vehicles Financed, By Type of Vehicle Financed (Motor Bikes, Cars and Light Commercial Vehicles) and By Loan Time Period Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Accord Motoring Auto Finance Market Shares, Auto Finance Industry In Singapore, Auto Finance Market In Singapore, Capitall Auto Finance Market Shares, Carro Auto Finance Market Shares, Covid-19 Impact Singapore Auto Finance Industry, Covid-19 Impact Singapore Auto Finance Market, Credit Master Auto Finance Market Shares, DBS Bank Auto Finance Market Shares, Evaluation Study Singapore Auto Finance Market, Evaluation Summary Report Singapore Auto Finance Market, Evaluative Survey Singapore Auto Finance Market, Goldbell Financial Services Auto Finance Market Revenue, Gross Domestic Product Singapore, Hong Leong Finance Auto Market Revenue, Industri Kewangan Auto Singapura, Industry Research Report Of Singapore Auto Finance, Market Research Report Of Singapore Auto Finance, MayBank Auto Finance Market Sales, Money Max Leasing Auto Finance Market Size, OCBC Auto Finance Market Shares, Pasar Kewangan Auto Singapura, SF Holdings Auto Finance Market Sales, SG Cash N Cars Auto Finance Market Shares, Sing Investment & Finance Auto Market Revenue, Singapore Auto Credit Disbursed Market, Singapore Auto Finance Companies, Singapore Auto Finance Due Diligence Report, Singapore Auto Finance Growth Strategy Market Report, Singapore Auto Finance Industry, Singapore Auto Finance Industry Research Report, Singapore Auto Finance Market, Singapore Auto Finance Market Analysis, Singapore Auto Finance Market Competition, Singapore Auto Finance Market Competition Benchmarking, Singapore Auto Finance Market Evaluation Report, Singapore Auto Finance Market Forecast, Singapore Auto Finance Market Future Outlook, Singapore Auto Finance Market Growth, Singapore Auto Finance Market Major Players, Singapore Auto Finance Market Research Report, Singapore Auto Finance Market Revenue, Singapore Auto Finance Market Revenue Forecasting, Singapore Auto Finance Market Shares, Singapore Auto Finance Market Size, Singapore Auto Finance Market Trends, Singapore Auto Finance Property Holdings Auto Finance Market Shares, Singapore Auto loan Industry, Singapore Auto loan Market, Singapore Automotive Finance Aggregator Market, Singapore Automotive Market, Singapore Average Price of Vehicles, Singapore Commercial Car Market Sales, Singapore Commercial Vehicles Finance Market, Singapore Green Car Finance Industry, Singapore Green Car Finance Market, Singapore Green Car loan Industry, Singapore Green Car loan Market, Singapore Green Car loan Market Sales, Singapore Motorcycles Finance Market, Singapore New Car Sales Market, Singapore New Vehicles Finance Market, Singapore On Road Vehicles Market, Singapore Passenger Car Market Sales, Singapore Passenger Vehicles Finance Market, Singapore Used Car Sales Market, Singapore Used Vehicles Finance Market, Singapura Finance Auto Market Revenue, Social Evaluation Research Singapore Auto Finance Market, Speed Credit Auto Finance Market Shares, Standard Chartered Bank Auto Finance Market Revenue, Types of Car Loans Singapore, UOB Auto Finance Market Shares, Vincar Auto Finance Market Shares, Write An Evaluation Report On Singapore Auto Finance Market, கிரெடிட் மாஸ்டர் ஆட்டோ நிதி சந்தை பங்குகள், கோவிட் -19 தாக்கம் சிங்கப்பூர் ஆட்டோ ஃபைனான்ஸ் தொழில், சிங்கப்பூர் ஆட்டோ ஃபைனான்ஸ் தொழில், சிங்கப்பூர் ஆட்டோ நிதி சந்தை, சிங்கப்பூர் வணிக வாகன நிதி சந்தை