Philippines Auto Finance market size is expected to reach USD ~18 Bn by 2026 owning to rising demand of automotives, e-vehicles sales and growing fintech startups: Ken Research
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Tuesday, February 7, 2023
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GURUGRAM, India, Feb. 7, 2023 /PRNewswire/ -- Philippines Auto Finance Market is in the growing stage, being driven by rising demand of automotives, positive outlook for e-vehicles, and potential for fintech growth.
Key Points:
- GURUGRAM, India, Feb. 7, 2023 /PRNewswire/ -- Philippines Auto Finance Market is in the growing stage, being driven by rising demand of automotives, positive outlook for e-vehicles, and potential for fintech growth.
- There are several players in the Philippines Auto Finance market some of which Metro Bank, Citi Bank, HSBC, RCBC, Global Domain, Asialink, Toyota Financial Service, JP Morgan, Maybank etc.
- Philippines Auto Finance Market is in the growing phase and is driven by introduction of captives and online aggregators as well as growing prevalence of financing companies and auto dealers in the industry.
- The Philippines Auto Finance Market is expected to see high growth rate with a CAGR of 6.8% over the forecasted period 2021-2026F.