KSA Car Finance Market is expected to grow at 11.7% over 2021-2026: 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 Focus On Embracing Digitization, New Government Policies under Vision 2030 and Entry of Women in the market are major factors contributing towards development of Car Financing in KSA. Growth of Online Platforms: The last decade has witnessed the entry of various online auto classified platforms in the country such as Carnab and Motary. The internet penetration in the Kingdom stood at ~98% in January 2021, highlighting the growing presence of consumers online. The traction towards online platforms has led to banks, finance companies and car brands listing their fleet online along with the option to start loan application online. This improves the car selection process for consumers by saving time. Increasing demand for Used & New Cars in KSA: Sales of cars are projected to increase from 475.8 thousand in 2021 to 540.7 thousand by 2026. Governments focus on shifting towards EV cars are also boosting the sale of cars; leading to increasing car financing in KSA. With the increasing number of women drivers in KSA and increasing car prices, people are shifting their preferences towards buying pre-owned cars. This is a major growth driver of the industry, as the interest rates for used car financing are higher than new car financing. Business Model: Traditional business models need to change and evolve with changing market trends. Large retail showrooms incur high overhead costs, like rentals and staff, hence needing new distribution models as car volumes continue to decline. Cost control will be critical in the short term. COVID affecting Market Growth: COVID has impacted the production in the market. Car manufacturers underestimated the demand and couldn’t accurately predict the vehicles demand in the future and hence miscalculated the production requirements. Also, the lack of supply of vehicles was pronounced even more due to a global shortage of semiconductors chips. The semiconductor chip shortage is expected to cost the global automotive industry $110 billion in revenue in 2021. Analysts at Ken Research in their latest publication “KSA Car Finance Market Outlook to 2026F- Driven by Women Entering the Market, Increasing Employment Opportunities in the Kingdom” by Ken Research observed that KSA Car Finance Market is in the growing phase. Enhancing Service Offerings, collaborations with partners, expand pipeline with predictive analysis and getting in front of prospects through AI are some of the factors that will contributed to the KSA Car Finance market growth over the period of 2021-2026F. It is expected that KSA Car Finance Market will grow at a CAGR of 11.7% for the above forecasted period. Key Segments Covered in the report KSA Car Finance Market By Type of Vehicle Financing New car financing Used car financing By Type of Car Financed Hatchbacks Sedans Sports Utility Vehicle Multi-Purpose Vehicle By Price High (500,000+) Medium (200k-500k) Low (below 200K) By Type of Institution Banks NBFC’s Captives By Tenure of Loans <2 years 3-4 years 4-5 years By Major Cities Riyadh Jeddah Dammam Others By Booking Mode Online Offline Get the Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTg5 Key Target Audience Banks and its Subsidiaries NBFCs Captive Finance Companies Government and Institutions Automobile Companies Car Dealers Government and Institutions Existing Car Finance Companies OEM Dealerships New Market Entrants Investors Auto mobile Associations Time Period Captured in the Report: Historical Period: 2017-2021 Base Period: 2021 Forecast Period: 2022-2026F Companies Covered: Banks Al Rajhi Bank Riyad Bank Al Jazeera Bank Alinma Bank Arab National Bank NBFC’s Al Yusr Leasing and Financing Al Amthal Financing Company National Finance House Tajeer Finance National Finance Company Murabaha Marina Finance Company OEM’s Abdul Latif Jameel United Finance Co. (Toyota Distributor) ALJABR FINANCE (KIA Distributor) Walan finance company (hyundai) Geely Finance (Geely Distributor) Key Topics Covered in the Report KSA Automotive Market Overview Ecosystem, Business Cycle and Evolution of KSA Car Finance Market KSA Car Finance Value Chain Analysis Islamic Banking and Car Finance in KSA KSA Car Finance Market by Credit Disbursed, 2017-2021 KSA Car Finance Market by Outstanding loans, 2017-2021 KSA Car Finance Market Segmentation, 2021 SWOT Analysis of KSA Car Finance Industry Infrastructure Development Overview of KSA Trends and Developments in KSA Car Finance Industry Operational Strategies for KSA Car Finance Services Market Issues and Challenges in KSA Car Finance Industry Government Policies and Initiatives for Automotive Industry Growth Drivers of KSA Car Finance Market KSA Car Finance Market Competition Overview Cross Comparison of Major Players in KSA Car Finance Market Strengths and Weakness of Major Players in KSA Car finance market Future Outlook and Market Projections, 2026F Case Study on Al Rajhi Bank Growth strategies for KSA Car Finance Market For more insights on the market intelligence, refer to the link below: – KSA Car Finance Market Outlook to 2026F: Ken Research Related Reports: Global Car Finance Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries Indonesia Car Finance Market Outlook to 2024 Egypt Car Finance Market Outlook to 2021 Tags: Al Jazeera Bank Car Loan Market Revenue, Al Rajhi Bank Car Finance Market, Alinma Bank Revenue form Car Finance, Arab National Car Finance Market, Auto Finance Ticket Size Saudi Arabia, Auto Loan Growth Saudi Arabia, Auto Loan NPAs in Saudi Arabia, Auto Loan Portfolio Saudi Arabia, Automotive Finance Companies in Saudi Arabia, Business Vehicle Loans Market KSA, Captive Car Finance Companies in KSA, Car Finance Start-ups in SAudi Arabia, Car Financing Companies in Saudi Arabia, Car Loan Disbursed Saudi Arabia, Car Loan Outstanding Saudi Arabia, Car Loan Vendors in Saudi Arabia, Car Loans in Saudi Arabia, Car Loans Services Providers in KSA, Car mobile OEMs Finance Companies KSA, Carmotive Finance Market KSA, Challenges in Growth of Car Finance KSA, Challenges in KSA Car Finance Industry, Commercial Vehicles Loan Providers in KSA, Competitors in KSA Car Finance Market, Credit Disbursed In KSA Auto Finance Market, Dammam Car Finance Market, e-platform players KSA Auto Finance Market, Emerging Players in Car Finance Market KSA, Funds Raised Startups Car Loan Saudi Arabia, Green Car Loans Providers in KSA, Investment Auto Finance Saudi Arabia, Investors in KSA Car Finance Market, Jeddah Car Finance Market, KSA Car Finance Industry, KSA Car Finance Market, KSA Car Finance Sector, KSA Commercial Vehicle (CV) loans Market, KSA Vehicle Financing and Leasing Industry, Leading Players in KSA Car Finance Market, Major Car Brands in the KSA Automotive Market, Major Car Finance Lending Bank KSA, Major Car Financial Institutions in KSA, major players in KSA Car Finance Sector, Major Vehicle Loan Providers in KSA, Multi-Purpose Vehicle Finacing in KSA, NBFC in KSA Car Finance Market, New car financing Companies KSA, New Market Entrants in KSA Car Finance Market, Number of Car Financed in Saudi Arabia, Number of cars financed in KSA, Number of Existing Car Finance Companies in KSA, Number of Finance Aggregators in KSA, Private Car Finance Players in KSA, Riyad bank Car Leasing Market Share, Riyadh Car Finance Market, Saudi Arabia Car Finance Industry, Saudi Arabia Car Finance Market, Saudi Arabia Car Finance Services providers, Saudi Arabia Vehicle Financing Companies, Saudi Car Finance Company Share, second hand car finance in KSA, Sedans Finacing in KSA, Sports Utility Vehicle Finacing in KSA, Top Car Finance Companies in Saudi Arabia, Used car financing Companies in KSA, Used Vehicle Financed Saudi Arabia, Used Vehicles financing Companies in KSA, Vehicle Finance Market in KSA, Vehicle Loan Interest Rate Saudi Arabia, السعودية ، الشركات الرائدة في سوق, السعودية ، العلامات التجارية الكبرى, السعودية ، سوق قروض المركبات التجارية في المملكة العربية, السعودية ، صناعة تمويل وتأجير, السيارات في المملكة العربية, العربية السعودية ، بنك إقراض تمويل السيارات الرئيسي في, العربية السعودية ، قطاع تمويل, تمويل السيارات في المملكة العربية, سوق تمويل السيارات في المملكة, للسيارات في سوق السيارات في المملكة