The Bahrain Car Finance Market Is Witnessing A Steady Recovery From The Disruptions Induced By The Global Pandemic During The Year 2020-2021: Ken Research

Growth in Automotive Market:  Bahrain's low import and fuel costs, conducive tax regime and high disposable incomes have also helped strengthen the automobile sector and encourage global giants like Toyota, Nissan, Mitsubishi, etc. to set up shop here and manufacture in the country. The government has also been encouraging research and development with regards to autonomous or driverless vehicles.

Chinese Domination: The demand for Chinese vehicles, especially cars is ever increasing Bahrain. The imports reached a total of $ 48 Million in 2021 & is expected to increase. The high demand can be reasoned with two factors, the innovative designs & techniques & an ever increasing confidence of local consumers in Chinese vehicles. Moreover, it can be said that people want to purchase Chinese cars because they are more reliable, with distinctive features & competitive prices. According to the country's foreign trade statistics, Chinese motor vehicle imports in 2021 totaled 17,955,457 Bahrain dinars.

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Online preference: As the global trend is tilted towards going digital, a wide range of online aggregators in Bahrain are also following the lead. These platforms collaborate with Banks, Captives, NBFCs, Fintech lenders and other peer-to-peer lending platforms to provide multiple financing options that range from personalized ­interest rates and variable terms to completely new ownership models such as shared leasing and vehicle subscriptions.

High income better purchases: With the overall increase in the income of the entire population, individuals are leaning towards better deals. Although a major portion of the population still prefers affordable cars, there has been a shift towards buying more luxury cars. This is expected to rise in the coming years due to the introduction of electric cars & other technological innovations taking place & will be beneficial for the auto finance industry in the long run.

Analysts at Ken Research in their latest publication, "Bahrain Car Finance Market Outlook 2027F- Driven by government regulations & technological innovations" by Ken Research observed that Bahrain car Finance Market is in a growth phase & is  expected to witness a growth rate of ~% in the upcoming years owing to increasing government initiatives & technological innovations. It is to be noted that the Bahrain Car finance market is consolidated with a few brands occupying almost half of the market with companies competing not only on the basis of product quality and promotion but also on the basis of strategic moves with the aim of capturing a larger market share.

Key segments covered

By type of vehicle financing
Used Car financing
New Car financing
By Type of car Financed
Hatchbacks
Sedan
SUV
Multipurpose Vehicle
By price
high (500,000+)
medium (200k-500k)
low (below 200K)
By Type of Institution
Banks
NBFC
Captives
By loan Tenure
3-4 years
4-5 years
By Mode of booking
Online
Offline

Time Period Captured in the Report:

Historical Period: FY'17- FY'22P
Base Year: FY'22P
Forecast Period: FY'22P - FY'27F

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Key Target Audience

Banks and its Subsidiaries
NBFCs
Captive Finance Companies
Government and Institutions
Automobile Companies
Car Dealers
Government and Institutions
Existing Car Finance Companies
OEM Dealerships
New Market Entrants
Investors
Auto mobile Associations

Major Companies Covered

Standard chartered bank
Ithmaar bank
Al Khaleeji bank
Bank of Bahrain & Kuwait
Arab Bank
Al Baraka Bank

Key Topics Covered in the Report:

Executive Summary of Bahrain Car Finance Market
Market Size of Bahrain Car Finance Market
Market Segmentation of Bahrain Car Finance Market
SWOT Analysis of Bahrain Car Finance Market
Trends and Developments in Bahrain Car Finance Market
Regulatory Bodies of Bahrain Car Finance Market
Overview of Bahrain Car Finance Challenges and restrains
End User Analysis of Bahrain Car Finance Market
Competitive Analysis of Bahrain Car Finance Services
Future Outlook of Bahrain Car Finance Market
Covid Analysis of Bahrain Car Finance Market
Analyst Recommendations

For more insights on the market intelligence, refer to the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/bahrain-car-finance-market-outlook-2027/596279-93.html

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https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/malaysia-automotive-finance-market-outlook-to-2026/596153-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/singapore-auto-finance-market-outlook-2025/508467-93.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.