Brazil Car Finance Market Outlook to 2027F
By Vehicle Type (New Car, Used Car), By Type of Car (Hatchbacks, Sedans, Luxury Cars, Sports Utility Vehicle), By Provider (Banks, NBFCs, OEMs and Others)
Region:Central and South America
Product Code:KROD121
January 2023
70
About the Report
The report provides a comprehensive analysis of the potential of the Car Finance Market in Brazil. The report covers an overview and genesis of the industry, market size in terms of outstanding credit and number of loans.
The Brazil Car Finance Market segmentations include by vehicle type, by type of car, by provider, by percentage of amount sanctioned, by tenure of loans and by booking mode; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Brazil Car Finance Market was valued at ~USD and a CAGR of ~% in the period of 2017-2022P and is forecasted to grow at a CAGR of ~% in the period of 2022P-2027F, owing to the emergence of online car finance applications, rising demand for electric vehicles, adoption of digital technologies for car financing and rising vehicle prices.
- Mobile and web-based platforms allow easy viewing, comparison, and applying for loan services.
- The increasing vehicle prices are driving the demand for car finance services.
- Car Finance providers are adopting digital tools to expedite the service processes remotely.
Key Trends by Market Segment:
By Provider: Banks holds the largest share in providing financial services in the Brazil Car Finance Market in 2021. People prefer to go to banks for financial assistance rather than any other provider.
By Type of Car: Hatchbacks hold the largest share in the Brazil Car Finance Market in 2021. It alone accounted for more than half of the total market share. As Brazil is a developing country, people prefer to buy small cars rather than investing in larger and more expensive cars.
Competitive Landscape
In the Brazil Car Finance Market, there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. The major parameters on which these players compete includes Year Established, Interest Rate, Credit Disbursed, Number of Cars Financed and others.
Future Outlook
The Brazil Car Finance Market is expected to show a growth of CAGR ~% in the forecasted period of 2022P-2027F reaching ~ USD, owing to the emergence of online car finance applications, rising demand for electric vehicles, adoption of digital technologies for car financing and increasing vehicle prices.
Scope of the Report
|
By Vehicle Type |
New Car Used Car |
|
By Type of Car |
Hatchbacks Sedans Luxury Cars Sports Utility Vehicle |
|
By Provider |
Banks NBFCs OEMs Others |
|
By Percentage of Amount Sanctioned |
Less than 25% 25-50% 51-75% More than 75% |
|
By Tenure of Loan |
Less than 3 Years 3-5 Years More than 5 Years |
|
By Booking Mode |
Online Offline |
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Government Bodies and Regulatory Authority
- Fintech Companies
- Investors and Financiers
- Venture Capitalist
- New Market Entrants
- Banks and its Subsidiaries
- NBFCs
- Captive Finance Companies
- Automobile Companies
- Car Dealers
- Existing Car Finance Companies
- OEM Dealerships
- Auto mobile Associations
Time Period Captured in the Report
- Historical Period: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P-2027F
Companies
Major Players
- Itaú Unibanco
- Banco Bradesco
- Banco Safra Limited
- Banco Pan
- Banco do Brasil
- Banco Santander
- Daycoval
Table of Contents
1. Executive Summary
2. Brazil Car Finance Market Overview
2.1 Taxonomy of the Brazil Car Finance Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Brazil Car Finance Market
2.5 Growth Drivers of the Brazil Car Finance Market
2.6 Issues and Challenges of the Brazil Car Finance Market
2.7 Impact of COVID-19 on the Brazil Car Finance Market
2.8 SWOT Analysis
3. Brazil Car Finance Market Size, 2017 – 2022
4. Brazil Car Finance Market Segmentation
4.1 By Loan Tenure, 2017 - 2022
4.2 By Institution, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Itaú Unibanco
5.3.2 Banco Bradesco
5.3.3 Banco Safra Limited
5.3.4 Banco Pan
5.3.5 Banco do Brasil
5.3.6 Banco Santander
5.3.7 Daycoval
6. Brazil Car Finance Future Market Size, 2022 – 2027
7. Brazil Car Finance Future Market Segmentation
7.1 By Loan Tenure, 2022 - 2027
7.2 By Institution, 2027 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Our team will initially create an ecosystem for all the entities in the Car Finance Industry that are providing Car Finance Services in the Brazil Market.
Step 2: Market Building:
In the next step, we have referred to multiple secondary and proprietary databases to perform deck research around the market and collate industry-level information to create an initial level hypothesis. We also explore company-level info by referring press releases, annual reports, financial statements, and other documents to understand basic information about the companies and market level.
Step 3: Validating and Finalizing:
Later our team conducts a series of Interviews with multiple C-Level Executive and other stakeholders belonging to different companies to confirm the market hypothesis, validate statistics and seek operational and financial information from company representatives.
Step 4: Research Output:
Furthermore, to validate this data our team pitches each company as a potential customer through a mystery shopping exercise and confirms the operational and financial performance of Brazil Car Finance Market Entities which have been shared by company executives and available on secondary databases. We also conduct another set of CATIs with the respective entities to understand customer behaviour, channel preference, and other factors. We assess customer analysis in terms of their preferences and pain points.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Brazil Car Finance Market is covered from 2017–2027 in this report.
02 What is the Forecast Period of this Market Report?
The forecast period for the Brazil Car Finance Market Report is 2022P–2027F.
03 What are the Key Factors Driving the Brazil Car Finance Market?
Emergence of online car finance applications, rising demand for electric vehicles, adoption of digital technologies for car financing and rising vehicle prices.
04 What was the CAGR of the Brazil Car Finance Market for 2017-2022?
The Brazil Car Finance Market saw a CAGR of ~% in the period of 2017-2022.
05 Who are the Key Players in the Brazil Car Finance Market?
Itaú Unibanco, Banco Bradesco, Banco Safra Limited, Banco Pan and Banco do Brasil are key players in the market.
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