Anzeige
Mehr »
Lynx Broker
Login
Montag, 21.10.2019 Börsentäglich über 12.000 News von 614 internationalen Medien

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
14.02.2019 | 15:01
(10 Leser)
(0 Bewertungen)

- It is expected that by the end of 2023, auto loans disbursed for commercial vehicles would overtake the passenger vehicles segment registering a CAGR of over 32% and 18% respectively during 2018-2023. Furthermore, commercial vehicle segment is projected to comprise of slightly over 60% share of the market in terms of credit disbursed by 2023.

- Banking institutions are still expected to dominate the market in terms of being the most convenient and trusted source of credit lending, however their relative share in the market would decline by nearly 2% in 2023. The consumer finance entities & captives under NBFI's are projected to witness growth registering a CAGR of close to 30% in terms of auto loan outstanding during 2018-2023.

GURUGRAM, India, Feb. 14, 2019 /PRNewswire/ --Growth in Vietnam's auto finance market size in future will be facilitated by simplified documentation & licensing processes, development in infrastructure, expanding geographical presence of major players, improvements in technology and equipments, new marketing strategies and product stream diversification. The planned highways and road improvements by the government are estimated to ease the congestion in the country and provide better and wider roads. These improvements should expand the number of personal and commercial vehicles financed, thereby growing the market.

Ken_Research

The 80% of unbanked population are a rich potential segment for auto financing companies and this vast market is expected to be tapped into via the growing consumer financing companies. The rapid shift to digitalization by credit institutions is projected to see new schemes that are customer centric and enable them to opt for loans from home within hours to provide a convenient service. The low import taxes and increasing affluence of the middle class in Vietnam should result in cars becoming more affordable for a large number of customers.

Vietnam has a low car ownership, with only 16 out of 1000 people owning cars as of 2017 and a low car penetration rate; which forecasts a large untapped market for new and existing players. The urbanization of Vietnam, along with the economic growth of tier 2 cities will open up a new avenue of auto financing as the poorer segment of the population are able to afford motorbikes and low end passenger cars. The focus on public transport and ride sharing services to combat the traffic will also expand the number of commercial vehicles financed, further developing the auto finance market in Vietnam which is projected to contribute to 6% of the Auto lending market in Southeast Asia by 2018.

Ken Research in its latest study "Vietnam Auto Finance Market Outlook to 2023 - by Loan Tenure, by Type of Institution (Commercial Banks and Non- Banking Financial Institutions) and by Type of Vehicle (Passenger and Commercial)" suggests a growth at a CAGR of close to 28% on the basis of credit disbursed in the Vietnam Auto Finance Market by during 2012-2018.

Key Segments Covered

  • Market Segmentation by Type of Vehicles (Passenger Vehicles and Commercial Vehicles on the basis of Credit Disbursed and Auto Loan Outstanding)
  • Market Segmentation By Type of Institutions (Banks & Subsidiaries and Non Bank Financial Institutes on the Basis of Auto Loan Outstanding)
  • Market Segmentation By Loan Tenure (1 Year, 2 Years, 3 Years, 4 Years, 5 and More years on the basis of Auto Loan Outstanding)

Key Target Audience

  • Existing Auto Finance Companies
  • Banks & Subsidiaries
  • Captive Finance Companies
  • Non Banking Financial Institutions
  • New Market Entrants
  • Automobile Financing Companies
  • Government Organizations
  • Investors
  • Automobile Associations
  • Automobile Original Equipment Manufacturer

Time Period Captured in the Report:

  • Financial Year 2013-2018: Historical Period
  • Financial Year 2019-2023: Future Forecast

Key Target Audience

  • Existing Auto Finance Companies
  • New market entrants
  • Government bodies
  • Investors
  • Automobile Manufacturers
  • Automobile Associations
  • Auto parts Equipment Manufacturers

Companies Cited in the Report

Banks & Subsidiaries

  • Tien Phong Bank
  • Vietcombank
  • Agribank
  • Vietinbank
  • Shinhan Bank Vietnam
  • Saigon Hanoi Bank
  • Techcombank
  • Bank for Investment and Development of Vietnam
  • Vietnam international bank

Non-Banking Financial Institutions

  • FE Credit
  • Cement Finance Joint Stock Company
  • EVN Finance Joint Stock Company
  • Handico Finance Joint Stock Company
  • HD Saison Finance Company
  • Home Credit Vietnam Finance Company Limited
  • JACCS International Vietnam Finance Company Limited
  • Maritime Bank Finance Company Limited
  • MB Shinsei Finance Limited Liability Company
  • Mirae Asset Finance Company (Vietnam) Limited
  • Post and Telecommunication Finance Company Limited
  • Prudential Vietnam Finance Company Limited
  • SHBank Finance Company Limited
  • Technological and Commercial Finance Company Limited
  • Toyota Financial Services Vietnam Company Limited
  • Vietnam Shipbuilding Finance Company Limited

For more information on the market research report please refer to the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/vietnam-auto-finance-market/180197-93.html

Related Reports

Indonesia Car Finance Market by Type (New and Used Passenger and Commercial Cars), by Tenure of Loan, by Banks, Captive and Non Captive Institutions - Outlook to 2021

The report provides a comprehensive analysis of the car finance market in Indonesia. The report covers aspects such as the market size of the Indonesia Car Finance market segmentation on the basis of type of car financed, tenure of loan and type of financial institution. The report also covers the competitive landscape, government regulations, customer preferences, and value chain analysis of the Indonesia Car Finance Market. In addition to this, the report also covers company profiles and product portfolio of major players. This report will help industry consultants, car finance providers, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Thailand Auto Finance Market Outlook to 2023 - by Loan Tenure, By Commercial Banks, Non- Banking Financial Institutions, Auto OEMs Captives; By New and Used Passenger and Commercial Vehicles

The report provides a comprehensive analysis of Thailand's Auto Finance Market including market evolution, overview, genesis, market size and market segmentations. Extensive focus has been placed in quantifying the auto credit disbursed, auto loans outstanding and number of vehicles financed. The report covers aspects such as market segmentation (by loan tenure, type of vehicles, new and used cars and type of institutions) and snapshot on general automotive space in Thailand. Competitive landscape of major players including Thanachart Bank, Bank of Ayudhya, Siam Commercial Bank, Ayudhya Capital Auto Lease, Kasikorn Bank and TISCO Bank have been extensively covered. The report also covers future industry analysis (by credit disbursed and by auto loan outstanding), future market segmentation, SWOT analysis, growth opportunities, upcoming business models, government regulations and analyst recommendations.

Saudi Arabia Car Finance Market Outlook to 2021 - Rising Used Car Demand and Increasing Focus of Banks on Consumer Finance to Stabilize the Market Growth

The report provides an extensive analysis of car finance market in Saudi Arabia. The report covers market size on the basis of credit disbursed, number of cars financed and new and used car penetration, segmentation on the basis of new and used car finance, tenure of loan for new car and used car and number of new cars financed in each region. The report also includes the rules and regulations implied by the government on the banks in lending a car loan, competitive landscape and company profiles for major players in the car finance market. The report provides detailed overview on the general features of car loan in the country and future outlook & projections with future strategies of the players in the market.
The report facilitate the readers with the identification and in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for prospective borrowers, car dealers, banks, private financing companies and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.

Egypt Car Finance Market Outlook to 2021 - Stringent to Introduce Innovative Measures to Determine the Credit Worthiness

The report provides an extensive analysis of car finance market in Egypt. The report covers market size on the basis of credit disbursed, number of cars financed and new and used car penetration, segmentation on the basis of new and used car finance, tenure of loan for new car and used car and number of new cars financed in each region. The report also includes the rules and regulations implied by the government on the banks in lending a car loan, competitive landscape and company profiles for major players in the car finance market. The report provides detailed overview on the general features of car loan in the country and future outlook & projections with future strategies of the players in the market.

UAE Car Finance Market Outlook to 2021 - Rising Car Finance Penetration and Multiple Car Finance Products Offered by Banks to Foster Growth

The report provides an extensive analysis of car finance market in UAE. The report covers market size on the basis of credit disbursed, number of cars financed and new and used car penetration, segmentation on the basis of new and used car finance, tenure of loan for new car and used car and number of new cars financed in each emirate. The report also includes the rules and regulations implied by the government on the banks and private finance companies in lending a car loan, competitive landscape and company profiles for major players in the car finance market. The report provides detailed overview on the general features of car loan in the country and future outlook & projections with future strategies of the players in the market

India Car Finance Industry Outlook to 2020 - Driven by Spurring Car Sales and Reduction in Average Ownership Period

The report provides a comprehensive analysis of various aspects of the industry such as market size, pre-owned car finance market and new car finance market with segmentation on the basis of online-offline, geography, term of the loan and seasonal demand. The report also covers market shares of major car finance providers in India as well as the loan disbursements of major players in the car finance market along with major industry trends, SWOT and Regulations.

Contact Us:
Ankur Gupta
Ken Research, Head Marketing
Ankur@kenresearch.com
+91-9015378249


© 2019 PR Newswire