LONDON--(BUSINESS WIRE)-- According to the market research report released by Technavio, the global automotive financing market is expected to accelerate at a CAGR of more than 3% during the forecast period. The rise in cab service financing is one of the key factors triggering the growth of the market.

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According to the market research report released by Technavio, the global automotive financing market is expected to accelerate at a CAGR of over 3% until 2022. (Graphic: Business Wire)

This research report titled ‘Global Automotive Financing Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

The market research analysis categorizes the global automotive financing market into the following application:

• Used vehicle
• New vehicle

In 2017, the used vehicle segment accounted for 61% share of the global market and is expected to continue to dominate the market during the forecast period.

Global automotive financing market: Top emerging trend

The increasing investments in autonomous vehicles is an emerging trend in this market space. Autonomous cars are unmanned vehicles that navigate without human intervention by sensing their environment using techniques such as radio detection and ranging (RADAR), global positioning system (GPS), and ADAS. These cars are also known as self-driving cars, automated cars, or driverless cars. The highly complex working of an autonomous car has driven companies and OEMs to pool their R&D resources to design and develop successful prototypes to improve performance. Various carmakers have collaborated with technology companies to integrate vehicles with certain levels of artificial intelligence to create successful autonomous vehicles. Volvo, Volkswagen, Audi, BMW, General Motors, Ford Motor, and Google are a few of the stakeholders in the autonomous car market.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

• Market Outline
• Global Automotive Financing Market Overview

Market Insights

• Market Sizing and Forecasts
• Market Growth
• Market Drivers and Challenges
• Key Emerging Trends

Market Segmentation Analysis

• Regional comparison (APAC, Americas, and EMEA)
• Key leading countries
• Market segmentation by application (used vehicle and new vehicle)
• Market segmentation by type of vehicle (passenger vehicle and commercial vehicle)

Vendor Landscape

• Vendor classification
• Market positioning of vendors
• Competitive scenario
• Analysis of top vendors (Ally Financial, Daimler, Toyota Financial Services, Volkswagen Financial Services, and Ford Motor Credit)

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20181025005788/en/

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