Global Automotive Fintech Market Overview – Market Growth Analysis And Key Drivers

The Automotive Fintech Global Market Report 2023, provides comprehensive information on the automotive fintech market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global automotive fintech market size is expected to grow from $49.55 billion in 2022 to $54.12 billion in 2023 at a compound annual growth rate (CAGR) of 9.22%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive fintech market is expected to reach $78.02 billion in 2027 at a CAGR of 9.57%.

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The introduction of automotive finance platforms to adopt new zero-emission technology is the key trend gaining popularity in the automotive fintech market. Major companies operating in the automotive fintech market are focusing on launching new platforms aimed at financing electric vehicle sales to encourage more electric vehicle purchases. For instance, in June 2022, Tenet, a US-based climate financing company launched an electric vehicle (EV) financing platform for accelerating electric vehicle adoption. This a new model for EV financing that encourages consumers to adopt new zero-emission technology that would continue to help consumers better achieve their financial and sustainability goals.

The automotive fintech market is segmented:

1) By Propulsion Type: Internal Combustion Engine (ICE), Electric

2) By Vehicle Type: Passenger Car, Commercial Vehicle

3) By Channel: On Demand, Subscription

4) By End User: Digital Loans And Purchase, Online Leasing, Online Insurance, In-Vehicle Payments

North America was the largest region in the automotive fintech market in 2022.

The table of contents in TBRC’s automotive fintech market report includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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