openPR Logo
Press release

Leading Growth Driver in the Automotive Fintech Market in 2025: Surge In Automotive Industry Boosts Growth Prospects For The Automotive Fintech Market Driver's Influence

Automotive Fintech Market Size

Automotive Fintech Market Size

What market dynamics are playing a key role in accelerating the growth of the automotive fintech market?
The automotive fintech market's expansion is anticipated to be fueled by the growth of the automobile industry. The latter pertains to the sector concerned with the production, innovation, and sale of vehicles. The incorporation of digital technology in automotive fintech provides a more streamlined and efficient approach to the financing and insuring of vehicles. This development can yield various benefits for automakers such as improved client satisfaction, data interpretation, and monetary savings. For example, the European Automobile Manufacturers Association, based in Belgium, stated in May 2023 that global automobile production hit 85.4 million units in 2022, marking a 5.7% growth from the preceding year. Hence, the surging auto industry amplifies the need for the automotive fintech market.

Get Your Automotive Fintech Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-fintech-global-market-report

How will the growth rate of the automotive fintech market shape industry trends by 2034?
Over the past few years, there has been a significant increase in the size of the automotive fintech market. It's projected to expand from $59.04 billion in 2024 to $64.72 billion in 2025, representing a compound annual growth rate (CAGR) of 9.6%. This historical growth is linked to factors such as digital transformation, the rise of online marketplaces, higher levels of automotive adoption, regulatory changes, and disruptions brought about by fintech startups.

In the coming years, the automotive fintech market is projected to experience swift expansion, escalating to $96.91 billion by 2029, equivalent to a compound annual growth rate (CAGR) of 10.6%. The predicted expansion during this period can be attributed to several factors including increased usage-based financing, integration of API and open banking, emphasis on cybersecurity provisions, alterations caused by the pandemic, and incentives for green financing. The anticipated trends during this forecast period encompass heightened focus on financial literacy, the integration of blockchain technology, customized financial services, subscription-oriented vehicle financing, automation and contactless transactions, and data-guided decision making.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=11964&type=smp

What trends are poised to drive the future success of the automotive fintech market?
The rising prominence of vehicle finance platforms aimed at promoting the adoption of novel zero-emission technologies is an emerging trend in the automotive fintech sector. Major players in this market are concentrating their efforts in building new platforms designated for the financing of electric vehicle sales, with the objective of fostering more purchases of such vehicles. As an example, in June 2022, Tenet, a US firm specializing in climate financing, introduced a platform exclusively meant for electric vehicle (EV) financing in a bid to speed up the adoption of EVs. This innovative approach to EV financing motivates consumers to embrace the cutting-edge zero-emission technology, which would continuously support them in achieving their financial and environmental sustainability aims.

Which primary segments of the automotive fintech market are driving growth and industry transformations?
The automotive fintech market covered in this report 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

Subsegments:
1) By Internal Combustion Engine (ICE): Gasoline Vehicles, Diesel Vehicles, Hybrid Vehicles
2) By Electric: Battery Electric Vehicles (BEVs), Plug-In Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs)

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=11964

Which geographical regions are pioneering growth in the automotive fintech market?
North America was the largest region in the automotive fintech market in 2024. The regions covered in the automotive fintech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the automotive fintech market landscape?
Major companies operating in the automotive fintech market include Liberty Mutual Group, Fiserv Inc., Stripe Inc., Global Payments Inc., Coinbase Global Inc., Grab Financial Group, Bajaj Auto Finance, Creditas Soluções Financeiras Ltd., Root Insurance Company, Oodle Car Finance, Cambridge Mobile Telematics, AutoFi Inc., Blinker Inc., Cuvva, By Miles Ltd., Clearcover Insurance Co, Bumper.com, CarConnect Group, Fair Financial Corp, Tractable Ltd., Lendbuzz Inc., Eze Wheelz, AlgoDriven, Naked Insurance, Just Insure Inc.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=11964&type=smp

What Is Covered In The Automotive Fintech Global Market Report?

• Market Size Forecast: Examine the automotive fintech market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive fintech market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive fintech market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive fintech market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive fintech market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive fintech market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive fintech market.
• Competitive Landscape: Review strategic developments in the automotive fintech market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

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 Leading Growth Driver in the Automotive Fintech Market in 2025: Surge In Automotive Industry Boosts Growth Prospects For The Automotive Fintech Market Driver's Influence here

News-ID: 3895857 • Views:

More Releases from The Business Research Company

2025-2034 Superconducting Quantum Chip Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
2025-2034 Superconducting Quantum Chip Market Outlook: Key Drivers, Emerging Cha …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Superconducting Quantum Chip Market Through 2025? The market size of superconducting quantum chips has shown a swift expansion in the past few years. It's forecasted to surge from a value of $0.74 billion in 2024, reaching $0.87 billion in 2025, with a
What Is Driving Global Responsible AI Governance Consulting Market Growth in 2025: The Role of Growing Adoption Of Generative AI Tools Due To Rising Regulatory Compliance And AI Transparency Needs
What Is Driving Global Responsible AI Governance Consulting Market Growth in 202 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Responsible AI Governance Consulting Market Size By 2025? The market size for responsible AI governance consulting has seen substantial growth recently. Projections show it will expand from $0.29 billion in 2024 to $0.43 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 49.0%.
Expansion Of Industrial Fleets Fueling The Growth Of The Market Due To Rising E-Commerce And Warehouse Automation: Transformative Forces Shaping the Material Handling Equipment Telematics Market Landscape in 2025
Expansion Of Industrial Fleets Fueling The Growth Of The Market Due To Rising E- …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Material Handling Equipment Telematics Market Size Valuation Forecast: What Will the Market Be Worth by 2025? In recent times, the size of the telematics market for material handling equipment has experienced swift growth. The market is projected to increase from $5.42 billion in 2024 to $6.14 billion in 2025,
Higher Educational Professional Audio-Visual (Pro AV) Market Poised to Hit $5.68 Billion by 2029 with Accelerating Growth Trends
Higher Educational Professional Audio-Visual (Pro AV) Market Poised to Hit $5.68 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Higher Educational Professional Audio-Visual (Pro AV) Industry Market Size Be by 2025? The market size for professional audio-visual (pro av) in the higher education sector has seen robust growth in the past few years. The market is projected to increase from a value of $3.54 billion

All 5 Releases


More Releases for Vehicle

Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025? The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031. Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025. To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245 Global truck platooning market is segmented
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031. Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031. Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122 Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),