Automotive Finance Market Size Worth $451.71 Billion By 2030
Automotive Finance Industry Overview The global automotive finance market size is expected to reach USD 451.71 billion by 2030, registering a CAGR of 7.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Growing global demand for autonomous cars is expected to drive the market growth. Increasing government regulations on rising road safety are creating the need for autonomous cars with highly advanced technologies worldwide. Automotive Finance Market Segmentation Grand View Research has segmented the automotive finance market based on the provider type, finance type, purpose type, vehicle type, and region. Based on the Provider Type Insights, the market is segmented into Banks, OEMs, Other Financial Institutions. The banks segment led the market and accounted for more than 57.0% share of the global revenue in 2021. The banks segment growth can be attributed to the fast-processing features with the necessity for least documentation, in add...