How the landscape of the auto finance market is changing in UAE, post-COVID? The UAE auto finance market faced a huge impact during COVID-19, but soon the market ramped up as the sales of new vehicles spiked. Presently, growing digital advancements and an increasing number of Finance Aggregators are driving the UAE auto finance industry. Further, the market is expected to grow at a CAGR of ~17% in… Read More »
Rising demand of automotives, Positive Outlook for E-Vehicles, and Potential for Fintech Growth will drive Philippines Auto Finance Market: Ken Research Growing Digital Advancements: The Industry is increasingly moving towards newer technology such as Artificial Intelligence and Machine Learning to improve its efficiency. The Insurance Commission continues to push for digitalization and further innovation by promoting better customer service. For instance, Fintech PH aims to position the Philippines as a hub for technological innovation in financial… Read More »
UAE Auto Finance Market is expected to get doubled, generating USD ~100 Bn by 2026F owning to the Potential for Fintech Growth, Growing Digital Advancement, Increase in Private Car Services and Government Initiatives: Ken Research Growing Digital Advancements and Increasing Number of Finance Aggregators are driving UAE Auto Finance Industry – expected to grow at a CAGR of ~17%. UAE Auto Finance Market is fragmented in nature with around 8+ major lenders (Banks, NBFCs. Captives) holding major market share. UAE Auto Finance Industry is expected to witness good growth in… Read More »
Thailand Auto Finance Market is expected to generate more than THB 1.7 Trillion credit disbursed in 2026F driven by Growth in Online Retail and Logistics: Ken Research Thailand’s Auto Finance Market is in the maturity stage, driven by road infrastructure development, economic growth in the country, and a dramatic increase in trading partners and export earnings. Major entities in the market are Banks and Captives that are 90-100 years old offering variety of financing services. Thailand’s market uses the traditional way of… Read More »
Malaysia Automotive Finance Industry is expected to grow at a CAGR of ~3% between 2022-2026F owning to increasing passenger car sales, upcoming brand-new car models and strict government regulations: Ken Research Malaysia Automotive Finance Market is in the growing stage, being driven by increasing passenger car ownership, emergence of new players, innovation and government initiatives. There are several players in the Malaysia auto finance market some of which are Al Rajhi Bank, Maybank, Affin Bank, CIMB Bank and AmBank group. Government is planning to establish a… Read More »
Philippines Auto Finance Market is Expected to grow at 6.8% CAGR in between 2021 and 2026F: Ken Research Philippines Auto Finance Market Segmentations By Category of Lenders (by Revenue), 2021 & 2026F Most of the people in Philippines will opt to take Auto Loans from Banks owing to lower Interest Rates and large variety of loan options provided by them. As of 2021, Metrobank Car Loan for New Cars at one of the… Read More »
Rising demand in the Automotive Market and Growing Digital Advancements are some of the major Trends governing the Philippines Auto Finance Industry: Ken Research 1. Philippines is 2nd fastest growing vehicle market in ASEAN Utility Vehicles likely to dominate the market in terms of New Vehicle Registrations every year with foreign brands and Japanese automobile manufacturers prospering the Philippines market. SUVs holds less share due to high capital investment and cost attached to it. Customer lifecycle management optimization is… Read More »
Indonesia Auto Finance Market is in Growing Stage with Banking Institutions & NBFCs leading the market & Online Aggregator Platforms entering the Market: Ken Research 1. Import & Export of Indonesia are picking up pace after the Global pandemic in 2020; Japan being the major contributor in the imports Indonesia’s entire automotive industry is centered around Bekasi, Karawang & Purwakarta regions in West Java, located near the capital city, Jakarta where the demand for cars is relatively on a higher… Read More »
UAE Auto Finance Market is expected to grow at a CAGR of 17% between 2022F – 2026F: Ken Research 1. Growing Digital Advancements and an increasing number of Finance Aggregators are driving UAE Auto Finance Industry To Know More about this report, download Free Sample Report 57 million passenger cars are produced worldwide. Avg price per new car in FY21 is 25,000 USD. The industry is increasingly moving towards newer technology such as AI… Read More »
Increasing Car Prices Creates Demand For Malaysia’s Auto Finance Industry; It Is Expected To Grow At A ~3% CAGR From 2022-2026 – Ken Research 1. Import of Automobiles is very prominent in Malaysia; High imports create business opportunity for Banks and other auto-finance providers For more information, Request a Free Sample Report ASEAN, with a population size of 560 million, provides a vast market potential for the automotive industry. Global automotive manufacturers have been positioning themselves in the region,… Read More »
