Automotive Financing Market by Application, Type, and Geography - Forecast and Analysis 2023-2027

Published: May 2023 Pages: 171 SKU: IRTNTR45726

The automotive financing market size is estimated to grow at a CAGR of 3.38% between 2022 and 2027. The market size is forecast to increase by USD 16.35 billion. The growth of the market depends on several factors, including the rise in cab service financing, digitization in automotive financing, and increasing motorization in emerging countries.

This automotive financing market report extensively covers market segmentation by application (used vehicle and new vehicle), type (passenger vehicle and commercial vehicle), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Automotive Financing Market During the Forecast Period?

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Automotive Financing Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rise in cab service financing is notably driving the market growth, although factors such as an increase in ride-sharing services may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Automotive Financing Market Driver

The rise in cab service financing is the key factor driving the growth of the global automotive financing market. The growing demand for taxi services is encouraging a number of technology platforms to provide taxi services around the world. Taxi drivers register on these platforms for a stable and attractive income. However, it is not easy for end-users to buy a car due to tight financial conditions or the inability to buy a car in installments. Thus, some taxi service providers are creating a financing program that offers flexible leases, weekly rentals, and discounts on new car purchases to potential drivers. Taxi service providers partner with financiers and auto dealers so that drivers can get discounts and low-interest rates on purchases when they work with them.

For instance, Uber, a peer-to-peer car-sharing service provider, offers a vehicle solutions program that includes partnerships and discounts to help drivers buy their own cars. Using this program, motorists can get up to 90% financing for a new car. The program also gives motorists the opportunity to rent a vehicle of their choice for a lease term of up to 36 months. In either case, payments are automatically deducted from the driver's Uber earnings. Similarly, ANI Technologies (Ola), an online transportation network company, also allows drivers to rent a car from Ola Fleet Technologies by submitting the required documents. The presence of such financing programs will drive the growth of the global automotive finance market during the forecast period. 

Significant Automotive Financing Market Trends

Increasing investment in autonomous vehicles is the primary trend in the global automotive financing market growth. Self-driving cars are capable of navigating without human intervention by sensing their surroundings using technologies such as radio detection and positioning (RADAR), GPS, and ADAS. These cars are also known as self-driving cars, autonomous cars, or driverless cars. The highly complex operation of self-driving cars has prompted companies and OEMs to pool their R&D resources to design and develop high-performance prototypes that improve performance.

Many automakers have partnered with technology companies to integrate vehicles with some degree of artificial intelligence to create capable self-driving vehicles. Volvo, Volkswagen, Audi, BMW, General Motors, Ford Motor, and Google are some of the players in the self-driving car market. The concept of an autonomous vehicle is still in its infancy, and it will be many years before it is commercialized. Industry experts expect this concept to revolutionize the automotive industry. Additionally, non-automotive companies like Apple and Google are investing in autonomous vehicle technology by leveraging their expertise in communications technology. As the self-driving car market grows, the demand for auto financing will increase which will contribute to the growth of the market during the forecast period. 

Major Automotive Financing Market Challenge

The increase in ride-sharing services is a major challenge impeding the growth of the global automotive financing market. The ridesharing industry has grown significantly over the past few years. Ridesharing helps to reduce traffic, save money, and protect the environment. It also aids in reducing the number of vehicles on the road, which will reduce travel time. This is encouraging companies like Lyft to offer carpooling platforms. Vendors are also entering into strategic alliances to grow their global footprint and increase their customer base to meet the growing demand for carpooling.

The growth in car-sharing is also encouraging a number of startups to enter the market. For instance, Zify, a France-based carpooling and carpooling service founded in 2015, provides instant carpooling for homes and offices. Thus, the increasing number of customers opting for car-sharing services will negatively affect motor vehicle sales, which will pose challenges to the global auto finance market during the forecast period. 

Key Automotive Financing Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Automotive Financing Market Customer Landscape

Who are the Major Automotive Financing Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ally Financial Inc.: The company offers automotive financing such as Ally Auto vehicle protection.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Banco Santander SA
  • Bank of America Corp.
  • Bayerische Motoren Werke AG
  • BNP Paribas
  • Capital One Financial Corp.
  • Citigroup Inc.
  • Deutsche Bank AG
  • Ford Motor Co.
  • General Motors Co.
  • HDFC Bank Ltd.
  • HSBC Holdings Plc
  • Hyundai Motor Co.
  • ICICI Bank Ltd.
  • JPMorgan Chase and Co.
  • Mercedes Benz Group AG
  • Nissan Motor Co. Ltd.
  • Toyota Motor Corp.
  • Volkswagen AG
  • Wells Fargo and Co.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Automotive Financing Market?

The market share growth by the used vehicle segment will be significant during the forecast period. Customers are moving towards the trend of regularly upgrading their vehicles after a few years of use. This has resulted in exponential growth of used vehicles in the market. In some countries, the annual vehicle registration fee is based on the vehicle's value and year of manufacture. As a result, registration costs drop significantly in the first few years after the vehicle is manufactured. This saves customers thousands of dollars if they buy a car that is three to five years old. Therefore, they prefer used cars.

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The used vehicle segment was valued at USD 42.68 billion in 2017 and continued to grow until 2021. The growing number of automakers operating in the used car market and the growing number of online used car dealers have improved customer perception of quality. Most used car buying decisions depend on a customer's confidence in the quality of an existing vehicle. The quality of the used car is an important deciding factor as ownership information is vague and post-purchase damage is not covered by the warranty. Criteria for buying used cars are also affected by the customer's ability to pay. Sellers are offering used car loans to help customers purchase vehicles such as passenger cars and commercial vehicles due to the growing demand for used vehicles. For example, Tata Capital, an Indian financial services and investment company, offers used car financing. These factors will drive the growth of the segment during the forecast period.

Which are the Key Regions for the Automotive Financing Market?

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APAC is estimated to contribute 62% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The automotive financing market in APAC is expected to grow due to increased vehicle sales in major markets such as India, Japan, China, and South Korea. Automotive financial service providers in the region are constantly focusing on strategic alliances to expand their product portfolio and gain a competitive advantage over each other.

They are also trying to improve their car financing options to make the loan disbursement process easier. This is because traditional lenders have strict and comprehensive criteria for financing auto loans, but newer providers offer risk-based approval procedures and provide instant loans at the same interest rate in the shortest possible time. Many such factors are contributing to the growth of the automotive financing market in APAC.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2020, the regional market experienced a significant decrease in revenue due to the COVID-19 pandemic. For example, according to the China Passenger Car Association (CPCA), auto sales in China fell significantly from January 2020 to March 2020. The biggest drop occurred in February 2020, with a decrease of about 80% compared to 2019. However, in the last quarter of 2020, many countries in APAC lifted restrictions on various businesses following large-scale vaccination drives. Suppliers were then able to resume routine operations in compliance with COVID-19 guidelines. Moreover, the regional market witnessed significant growth in the sales of electric vehicles. Such factors have increased the demand for finance in APAC.

Segment Overview

The automotive financing market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Billion, 2017 - 2027)
    • Used vehicle
    • New vehicle
  • Type Outlook (USD Billion, 2017 - 2027)
    • Passenger vehicle
    • Commercial vehicle
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Parent Market Analysis

Technavio categorizes the global automotive financing market as a part of the global specialized consumer services market. The parent global specialized consumer services market covers revenue generated by consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

 

Automotive Financing Market Scope

Report Coverage

Details

Page number

171

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.38%

Market growth 2023-2027

USD 16.35 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.14

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 62%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ally Financial Inc., Banco Santander SA, Bank of America Corp., Bayerische Motoren Werke AG, BNP Paribas, Capital One Financial Corp., Citigroup Inc., Deutsche Bank AG, Ford Motor Co., General Motors Co., HDFC Bank Ltd., HSBC Holdings Plc, Hyundai Motor Co., ICICI Bank Ltd., JPMorgan Chase and Co., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Toyota Motor Corp., Volkswagen AG, and Wells Fargo and Co.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Financing Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive financing market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global automotive financing market 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Used vehicle - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Used vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Used vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Used vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Used vehicle - Year-over-year growth 2022-2027 (%)
    • 6.4 New vehicle - Market size and forecast 2022-2027
      • Exhibit 38: Chart on New vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on New vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on New vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on New vehicle - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Passenger vehicle - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Passenger vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on Passenger vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on Passenger vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Passenger vehicle - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial vehicle - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Commercial vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Commercial vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Commercial vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Commercial vehicle - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 56: Market opportunity by Type ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Ally Financial Inc.
              • Exhibit 111: Ally Financial Inc. - Overview
              • Exhibit 112: Ally Financial Inc. - Business segments
              • Exhibit 113: Ally Financial Inc. - Key news
              • Exhibit 114: Ally Financial Inc. - Key offerings
              • Exhibit 115: Ally Financial Inc. - Segment focus
            • 12.4 Banco Santander SA
              • Exhibit 116: Banco Santander SA - Overview
              • Exhibit 117: Banco Santander SA - Product / Service
              • Exhibit 118: Banco Santander SA - Key offerings
            • 12.5 Bank of America Corp.
              • Exhibit 119: Bank of America Corp. - Overview
              • Exhibit 120: Bank of America Corp. - Business segments
              • Exhibit 121: Bank of America Corp. - Key news
              • Exhibit 122: Bank of America Corp. - Key offerings
              • Exhibit 123: Bank of America Corp. - Segment focus
            • 12.6 Bayerische Motoren Werke AG
              • Exhibit 124: Bayerische Motoren Werke AG - Overview
              • Exhibit 125: Bayerische Motoren Werke AG - Business segments
              • Exhibit 126: Bayerische Motoren Werke AG - Key news
              • Exhibit 127: Bayerische Motoren Werke AG - Key offerings
              • Exhibit 128: Bayerische Motoren Werke AG - Segment focus
            • 12.7 BNP Paribas
              • Exhibit 129: BNP Paribas - Overview
              • Exhibit 130: BNP Paribas - Business segments
              • Exhibit 131: BNP Paribas - Key offerings
              • Exhibit 132: BNP Paribas - Segment focus
            • 12.8 Capital One Financial Corp.
              • Exhibit 133: Capital One Financial Corp. - Overview
              • Exhibit 134: Capital One Financial Corp. - Business segments
              • Exhibit 135: Capital One Financial Corp. - Key news
              • Exhibit 136: Capital One Financial Corp. - Key offerings
              • Exhibit 137: Capital One Financial Corp. - Segment focus
            • 12.9 Citigroup Inc.
              • Exhibit 138: Citigroup Inc. - Overview
              • Exhibit 139: Citigroup Inc. - Business segments
              • Exhibit 140: Citigroup Inc. - Key offerings
              • Exhibit 141: Citigroup Inc. - Segment focus
            • 12.10 Ford Motor Co.
              • Exhibit 142: Ford Motor Co. - Overview
              • Exhibit 143: Ford Motor Co. - Business segments
              • Exhibit 144: Ford Motor Co. - Key news
              • Exhibit 145: Ford Motor Co. - Key offerings
              • Exhibit 146: Ford Motor Co. - Segment focus
            • 12.11 General Motors Co.
              • Exhibit 147: General Motors Co. - Overview
              • Exhibit 148: General Motors Co. - Business segments
              • Exhibit 149: General Motors Co. - Key news
              • Exhibit 150: General Motors Co. - Key offerings
              • Exhibit 151: General Motors Co. - Segment focus
            • 12.12 HSBC Holdings Plc
              • Exhibit 152: HSBC Holdings Plc - Overview
              • Exhibit 153: HSBC Holdings Plc - Business segments
              • Exhibit 154: HSBC Holdings Plc - Key news
              • Exhibit 155: HSBC Holdings Plc - Key offerings
              • Exhibit 156: HSBC Holdings Plc - Segment focus
            • 12.13 Hyundai Motor Co.
              • Exhibit 157: Hyundai Motor Co. - Overview
              • Exhibit 158: Hyundai Motor Co. - Business segments
              • Exhibit 159: Hyundai Motor Co. - Key news
              • Exhibit 160: Hyundai Motor Co. - Key offerings
              • Exhibit 161: Hyundai Motor Co. - Segment focus
            • 12.14 Mercedes Benz Group AG
              • Exhibit 162: Mercedes Benz Group AG - Overview
              • Exhibit 163: Mercedes Benz Group AG - Business segments
              • Exhibit 164: Mercedes Benz Group AG - Key offerings
              • Exhibit 165: Mercedes Benz Group AG - Segment focus
            • 12.15 Nissan Motor Co. Ltd.
              • Exhibit 166: Nissan Motor Co. Ltd. - Overview
              • Exhibit 167: Nissan Motor Co. Ltd. - Business segments
              • Exhibit 168: Nissan Motor Co. Ltd. - Key news
              • Exhibit 169: Nissan Motor Co. Ltd. - Key offerings
              • Exhibit 170: Nissan Motor Co. Ltd. - Segment focus
            • 12.16 Toyota Motor Corp.
              • Exhibit 171: Toyota Motor Corp. - Overview
              • Exhibit 172: Toyota Motor Corp. - Business segments
              • Exhibit 173: Toyota Motor Corp. - Key news
              • Exhibit 174: Toyota Motor Corp. - Key offerings
              • Exhibit 175: Toyota Motor Corp. - Segment focus
            • 12.17 Volkswagen AG
              • Exhibit 176: Volkswagen AG - Overview
              • Exhibit 177: Volkswagen AG - Business segments
              • Exhibit 178: Volkswagen AG - Key offerings
              • Exhibit 179: Volkswagen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis