openPR Logo
Press release

Automotive Fintech Market Demand and Technology Growth 2027 | AutoFi, AutoGravity, Blinker, Auto pay, Roadster, Motorefi, Carvana, Carsoup, Car Gurus, Edmunds

06-18-2020 04:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Automotive Fintech Market

Automotive Fintech Market

The factors that drive the growth of the automotive fintech market include growing production of automobiles, increasing awareness and public bend toward online shopping, demand for customer convenience and improvement in customer service, rising sales of electric vehicles, and technological advancements in the automotive industry. In addition, the factors that restrain the automotive fintech market growth include consumer awareness and acceptance based on the reliability and safety while buying vehicle online and growing fraud related to online shopping. However, emerging economies and growing popularity of electric vehicles provide growth opportunities for the market.

The major companies profiled for the automotive fintech market share include AutoFi, AutoGravity, Blinker, Auto Pay, Roadster, Motorefi, Carvana, Carsoup, Car Gurus, Edmunds, and others.

Inquire for 25 % discount on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/5615

Financial technology (fintech) is the technology and innovation that offers improved financial services. The use of smartphones for mobile banking, investing services, and cryptocurrency are the examples of technologies that make financial services more accessible to general public. In the insurance space, digitizing insurance and claim processing could help insurers eliminate fraudulent claims while reducing processing time by 80% and lowering settlement overhead cost by 90%. Fintech partnership enables automotive companies to reduce the technology gap and, in turn, improve customer experience with new customer touch points. The automotive fintech market is expected to be the future of the automotive industry that will help companies increase their revenue margin and keep customers committed to them.

Active partnerships with fintech companies enable OEMs to offer multiple use cases that enrich in-vehicle experience, which ultimately influence customer's purchase decisions. For instance, Ford, one of the largest auto companies in the world, signed a deal with AutoFi, a San Francisco fintech startup. AutoFi allows dealerships to sell cars to customers online by bringing the financing component of the purchase process online. It offers an e-commerce software platform that allows car buyers to purchase and finance a car, entirely online. Its platform connects customers to a network of lenders, providing a fast and mobile-first checkout experience.

The automotive fintech market is segmented into product type, purpose, and region. On the basis of product type, it is classified into two-wheeler, passenger, commercial, and three-wheeler. By purpose, it is classified into automotive leasing & finance, automotive insurance, and digital automotive retailing. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Request Sample Copy of this Market Research @ https://www.alliedmarketresearch.com/request-for-customization/5615

AUTOMOTIVE FINTECH MARKET KEY SEGMENTS

By Product Type
Two-Wheeler
Passenger
Commercial
Three-wheeler

By Purpose
Automotive Leasing & Finance
Automotive Insurance
Digital Automotive Retailing

Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/5615

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Fintech Market Demand and Technology Growth 2027 | AutoFi, AutoGravity, Blinker, Auto pay, Roadster, Motorefi, Carvana, Carsoup, Car Gurus, Edmunds here

News-ID: 2076994 • Views:

More Releases from Allied Market Research

Corrugated Packaging Market Growth Expected to See Next Level at a CAGR of 4.1% by 2031
Corrugated Packaging Market Growth Expected to See Next Level at a CAGR of 4.1% …
A report by Allied Market Research projects that the global corrugated packaging industry is expected to grow at a CAGR of 4.1% from 2022 to 2031, reaching $198.8 billion by 2031. This in-depth study delivers critical insights into market size, share, trends, segmental performance, regional developments, and competitive dynamics. Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/15880 Designed to aid businesses, investors, stakeholders, and new entrants, the report supports strategic decision-making
Chlorinated Paraffin Market Expanding at a Healthy CAGR of 5.4% by 2031
Chlorinated Paraffin Market Expanding at a Healthy CAGR of 5.4% by 2031
The Allied Market Research report presents an in-depth analysis of the global chlorinated paraffin industry, highlighting its current size, future projections, and segmentation by type, solution, and end user. It offers a detailed geographical breakdown across these segments and provides a comprehensive sectoral overview for the forecast period. The study explores key factors driving market growth, examines major segments, profiles leading players, and analyzes the competitive landscape. The report delivers
Automotive Films Market Expected to reach a valuation USD 11.4 billion by 2033
Automotive Films Market Expected to reach a valuation USD 11.4 billion by 2033
Allied Market Research's report offers a comprehensive evaluation of the competitive landscape within the automotive films industry, designed to help industry leaders enhance revenue and maintain a strategic advantage. Leveraging analytical tools like Porter's Five Forces analysis, the report explores market dynamics and identifies key investment opportunities. The industry is expected to grow at a CAGR of 5.2% from 2024 to 2033, reaching $11.4 billion by 2033. The sector was
Agricultural Films Market to Expand at a CAGR of 6.5% will Reach $21.1 Bn by the End of 2031
Agricultural Films Market to Expand at a CAGR of 6.5% will Reach $21.1 Bn by the …
The Allied Market Research report provides a comprehensive analysis of the global agricultural films market, offering valuable insights into current market size and projected growth across various segments based on type, solution, and end user. The study includes an in-depth regional assessment and delivers a thorough overview of market dynamics throughout the forecast period. It highlights the key drivers propelling industry growth, examines prominent segments, and evaluates the competitive landscape

All 5 Releases


More Releases for Auto

Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating. What Auto Leads Is Auto Leads focuses on digital marketing solutions for auto detailing businesses,
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs. A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can address
Brampton Auto Glass Announces New Comprehensive Auto Glass Solutions
Brampton, Ontario July 24 2024 - Brampton Auto Glass Company, a leading name in auto glass repair and replacement for the Brampton and Mississauga areas, announces a significant expansion of its service portfolio. This enhanced suite caters to the diverse needs of local vehicle owners, ensuring optimal safety and a flawless visual experience on the road. Unwavering Commitment to Excellence and Customer Satisfaction Brampton Auto Glass Company prioritizes excellence in everything
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients. Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon of
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King …
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle. The company provides