Qatar 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 Vehicle Finance Market in Qatar observed a slight decline during the period 2014-2018, due to decreasing new vehicle sales over the same duration. The market is in growth stage with vehicle sales beginning to follow a normal growth trend after continued exponential growth till 2014, followed by a speedy decline after that. Trends in the market were greatly stimulated by deduction in oil prices after 2014 and blockade led by Saudi & a few other neighboring gulf countries against Qatar. These trends led to decline of new vehicle sales in Qatar but spurred the growth of used vehicles, particularly in passenger cars segment across the country. According to the report analysis, ‘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’ states that the competition in the market is concentrated in nature. The key lending institution types in the market are Banks, Captives & Non-Banking Financial Companies. Banks control a majority share in the lending space for new vehicles whereas NBFCs & Captives are predicted to gain the used vehicle segment during the future. Foremost parameters basis which players compete are interest rate and down payment ratio, loan tenure, digitalization and ease of transaction, consumer reach or branch network, service portfolio and several others. To learn more about this report Download a Free Sample Report By time period of loan for new and used vehicles, vehicles are financed for dissimilar tenures in the market, with the share of loans lasting for 3-4 years the highest. The complete trend in the market is the lengthening of loan terms with car buyers desiring to make payments over a longer period of time to allocate their financial burden evenly over a longer duration. Borrowers deliver raised interest rates for longer duration loans with lower monthly payments. The trend towards longer loan terms is evident both in New and Used Vehicle finance with borrowers choosing for longer loan terms years increasingly. Over the forecast period, Qatar Auto Finance Market is predicted to rise at a positive rate with estimated grow in sales of new and used vehicles in the country due to emergence of new businesses, growing personal disposable income and projected increase in tourist inflow. Prevailing players are predicted to move towards digitalization with aim on streamlining the financing procedure for both Qataris and expats. Multiple fin-tech start-ups are also projected to enter the landscape which could pose a threat to conventional finance companies and banks. These start-ups would commonly work towards developing products to increase the digitalization of the banking sector. This involves the digital payments, online lending, online aggregation and remote banking facilities which will make customer lending procedure more simplified, further facilitating the car finance market in the country. Banks and Captives are projected to focus and develop their share in the used cars segment, also new NBFCs are projected to enter the competitive landscape to cater to the growing requirement of vehicle financing in the country. For more information on the research report, refer to below link: Qatar Auto Finance Market Outlook to 2023 Related Reports: Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Policies by the Government 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 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 Follow Us LinkedIn | Facebook | Twitter | YouTube Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@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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