Credit Disbursed from Singapore Auto Finance Industry is expected to witness a CAGR of 8.9% during 2020-2025: 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 Singapore hasn’t had a car manufacturing plant since Ford closed its factory several decades ago, effectively ending automobile production on the island owing to which it imports all its cars from other countries. Increasing Number of Auto Finance service providers are focussing on improving their Value Added Services and streamlining their business operations using Big Data, Data Analytics Tools, IoT, AI and others. The rise in private car service financing is driving the Singapore automotive financing market. The objective of car service financing is to create a financing program that offers flexible leases, weekly rentals, and discounts to purchase new cars to potential drivers. Improving Digital Infrastructure: Major Auto Finance Players of Singapore are increasingly focussing on improving IT and investing in technology in order to retain their customers in the highly competitive market of the country. Singapore’s Auto customers are already responding to the advent of big data, open data and digital technologies. Banks in the country are seeing machine learning as the real fit when it comes to optimizing financing and loan processes, such as credit scoring, risk management, and compliance reporting for a better infrastructure. Emerging Green Car Loans: Singapore has put in a suite of measures to encourage drivers to switch to electric vehicles, which are more environmentally friendly, and is aiming to phase out all internal combustion engine vehicles by 2040. This means all vehicles should either be hybrid or run on electricity in 20 years. Owing to the above reason, the country is expected to witness an increase in Green Car Loans in the future with several Auto Finance players introducing a portfolio of these. Introduction of New Business Models: Owing to its limited area, Singapore has strict car buying rules and regulations as Government is trying to curb the car population by driving prices upwards in the country. Owing to the above reason, new business models such as Shared Ownership and more may emerge in future in Singapore to increase Car Sales. Analysts at Ken Research in their latest publication “Singapore Auto Finance Market Outlook to 2025- Led by Green Car Loans, Growing Digital Advancements, Increasing Number of Finance Aggregators”, the Singapore Auto Finance Market has been evolving in the country due to factors such as rising private car service demand due to changing consumer patterns owing to reasons such as Government policy restrictions on car ownership; improving transportation infrastructure and technology such as EVs leading to higher Green Car loans; rising investment in technologies such as IoT, Big Data, Open Data, AI, and more to simplify the loan application process; growing presence of finance aggregators in the region to improve sales and financing process. The market is expected to register a positive CAGR of 8.9% in terms of credit disbursed during the forecast period 2020-2025. 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. Auto Finance Market in Singapore Singapore Auto loan Market Singapore Green Car loan Market Sales Singapore Green Car Finance Market Singapore Auto Finance Market Revenue Singapore Auto Finance Market Future Outlook Covid-19 Impact Singapore Auto Finance Industry Covid-19 Impact Singapore Auto Finance Market Singapore New Vehicles Finance Market Singapore Used Vehicles Finance Market Singapore Commercial Vehicles Finance Market Singapore Passenger Vehicles Finance Market Singapore Motorcycles Finance Market Singapore Automotive Market Singapore Automotive Finance Aggregator Market Singapore Auto Finance Companies Singapore Passenger Car Market Sales Singapore Commercial Car Market Sales Singapore New Car Sales Market Singapore Used Car Sales Market Singapore On Road Vehicles Market DBS Bank Auto Finance Market Shares UOB Auto Finance Market Shares MayBank Auto Finance Market Sales OCBC Auto Finance Market Shares Standard Chartered Bank Auto Finance Market Revenue Hong Leong Finance Auto Market Revenue Singapura Finance Auto Market Revenue Sing Investment & Finance Auto Market Revenue Credit Master Auto Finance Market Shares Carro Auto Finance Market Shares Speed Credit Auto Finance Market Shares SF Holdings Auto Finance Market Sales Accord Motoring Auto Finance Market Shares Vincar Auto Finance Market Shares Capitall Auto Finance Market Shares Pasar Kewangan Auto Singapura For More Information on the research report, refer to below link:- Singapore Auto Finance Market Related Reports:- 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 Follow Us:- LinkedIn | Instagram | Facebook | Twitter | YouTube 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 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