Asia Pacific Automotive Fintech Market Size, Share & Industry Trends Analysis Report By Channel, By Vehicle Type (Passenger Car, and Commercial Vehicle), By Propulsion Type (ICE, and Electric), By End User, By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Automotive Fintech Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).

Several manufacturers know buyers are switching from vehicle dealerships to the internet market. Although original equipment manufacturers (OEMs) are reluctant to cede a good portion of their business to a third-party fintech firm, automakers and fintech lenders are collaborating to provide the best rates and incentives for digital finance. Instead, secondhand car sales online have become more popular because they are more adaptable and less resistant to fast digital adoption than conventional manufacturers.

The old one-time transaction model is being replaced by recurring revenue models, such as subscription-based and usage-based pricing models, due to changes in how customers and OEMs approach the market. Rethinking their legacy infrastructure may make the difference between OEMs that survive and those that flourish. Several Automakers have contracted out this duty to fintech firms. These firms offer a cloud-based monetization platform for subscription-based and usage-based enterprises, enabling a quicker time to market and more flexibility.

China's domestic automobile production will surpass 35 million units by 2025. More than 25 million vehicles were sold in 2020, including 19.9 million automobiles. A rise in vehicle sales paves the door for a rise in auto maintenance products. Nevertheless, even during the COVID-19, the Chinese government implemented several measures to promote automobile utilization. These efforts include postponing the implementation of the China Six Emission Standard until January 2021, providing fiscal and tax aid, accelerating the phase-out of obsolete diesel trucks, and expanding channels for trading used vehicles. Government support to the industry will increase the production and sales of vehicles, opening new growth opportunities for the automotive fintech and thereby driving the market growth in the region.

The China market dominated the Asia Pacific Automotive Fintech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,769.7 million by 2028. The Japan market is estimated to grow a CAGR of 9.1% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 10.4% during (2022 - 2028).

Based on Channel, the market is segmented into On Demand, and Subscription. Based on Vehicle Type, the market is segmented into Passenger Car, and Commercial Vehicle. Based on Propulsion Type, the market is segmented into ICE, and Electric. Based on End User, the market is segmented into Digital Loans & Purchase, Online Leasing, Online Insurance, and In-Vehicle Payments. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Automotive Fintech Market is Projected to reach USD 82.6 Billion by 2028, at a CAGR of 9%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kuwy Technology Services Pvt Ltd. (Volkswagen Financial Services AG) (Volkswagen AG), Creditas Soluções Financeiras Ltda., Euroclear SA/NV (Euroclear Holding SA/NV), Grab Holdings Inc, Blinker Inc., The Savings Group, Inc. (Autopay), Cuvva Limited, RouteOne LLC, By Miles, and AutoFi, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Channel

• On Demand
• Subscription

By Vehicle Type

• Passenger Car
• Commercial Vehicle

By Propulsion Type

• ICE
• Electric

By End User

• Digital Loans & Purchase
• Online Leasing
• Online Insurance
• In-Vehicle Payments

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Kuwy Technology Services Pvt Ltd. (Volkswagen Financial Services AG) (Volkswagen AG)
• Creditas Soluções Financeiras Ltda.
• Euroclear SA/NV (Euroclear Holding SA/NV)
• Grab Holdings Inc
• Blinker Inc.
• The Savings Group, Inc. (Autopay)
• Cuvva Limited
• RouteOne LLC
• By Miles
• AutoFi, Inc.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Automotive Fintech Market, by Channel
1.4.2 Asia Pacific Automotive Fintech Market, by Vehicle Type
1.4.3 Asia Pacific Automotive Fintech Market, by Propulsion Type
1.4.4 Asia Pacific Automotive Fintech Market, by End User
1.4.5 Asia Pacific Automotive Fintech Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Strategies Deployed in Automotive Fintech Market

Chapter 4. Asia Pacific Automotive Fintech Market by Channel
4.1 Asia Pacific On Demand Market by Country
4.2 Asia Pacific Subscription Market by Country

Chapter 5. Asia Pacific Automotive Fintech Market by Vehicle Type
5.1 Asia Pacific Passenger Car Market by Country
5.2 Asia Pacific Commercial Vehicle Market by Country

Chapter 6. Asia Pacific Automotive Fintech Market by Propulsion Type
6.1 Asia Pacific ICE Market by Country
6.2 Asia Pacific Electric Market by Country

Chapter 7. Asia Pacific Automotive Fintech Market by End Use
7.1 Asia Pacific Digital Loans & Purchase Market by Country
7.2 Asia Pacific Online Leasing Market by Country
7.3 Asia Pacific Online Insurance Market by Country
7.4 Asia Pacific In-Vehicle Payments Market by Country

Chapter 8. Asia Pacific Automotive Fintech Market by Country
8.1 China Automotive Fintech Market
8.1.1 China Automotive Fintech Market by Channel
8.1.2 China Automotive Fintech Market by Vehicle Type
8.1.3 China Automotive Fintech Market by Propulsion Type
8.1.4 China Automotive Fintech Market by End Use
8.2 Japan Automotive Fintech Market
8.2.1 Japan Automotive Fintech Market by Channel
8.2.2 Japan Automotive Fintech Market by Vehicle Type
8.2.3 Japan Automotive Fintech Market by Propulsion Type
8.2.4 Japan Automotive Fintech Market by End Use
8.3 India Automotive Fintech Market
8.3.1 India Automotive Fintech Market by Channel
8.3.2 India Automotive Fintech Market by Vehicle Type
8.3.3 India Automotive Fintech Market by Propulsion Type
8.3.4 India Automotive Fintech Market by End Use
8.4 South Korea Automotive Fintech Market
8.4.1 South Korea Automotive Fintech Market by Channel
8.4.2 South Korea Automotive Fintech Market by Vehicle Type
8.4.3 South Korea Automotive Fintech Market by Propulsion Type
8.4.4 South Korea Automotive Fintech Market by End Use
8.5 Singapore Automotive Fintech Market
8.5.1 Singapore Automotive Fintech Market by Channel
8.5.2 Singapore Automotive Fintech Market by Vehicle Type
8.5.3 Singapore Automotive Fintech Market by Propulsion Type
8.5.4 Singapore Automotive Fintech Market by End Use
8.6 Malaysia Automotive Fintech Market
8.6.1 Malaysia Automotive Fintech Market by Channel
8.6.2 Malaysia Automotive Fintech Market by Vehicle Type
8.6.3 Malaysia Automotive Fintech Market by Propulsion Type
8.6.4 Malaysia Automotive Fintech Market by End Use
8.7 Rest of Asia Pacific Automotive Fintech Market
8.7.1 Rest of Asia Pacific Automotive Fintech Market by Channel
8.7.2 Rest of Asia Pacific Automotive Fintech Market by Vehicle Type
8.7.3 Rest of Asia Pacific Automotive Fintech Market by Propulsion Type
8.7.4 Rest of Asia Pacific Automotive Fintech Market by End Use

Chapter 9. Company Profiles
9.1 Kuwy Technology Services Pvt Ltd. (Volkswagen Financial Services AG) (Volkswagen AG)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.2 Creditas Soluções Financeiras Ltda.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Recent strategies and developments:
9.2.3.1 Partnerships, Collaborations, and Agreements:
9.2.3.2 Acquisition and Mergers:
9.3 Euroclear SA/NV (Euroclear Holding SA/NV)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Acquisition and Mergers:
9.4 Grab Holdings Inc
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.5 Blinker Inc.
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.6 The Savings Group, Inc. (Autopay)
9.6.1 Company Overview
9.7 Cuvva Limited
9.7.1 Company Overview
9.8 RouteOne LLC
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 By Miles
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.2.2 Product Launches and Product Expansions:
9.10. AutoFi, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Business Expansions:

TABLE 1 Asia Pacific Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 5 Asia Pacific On Demand Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific On Demand Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Subscription Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Subscription Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Passenger Car Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Passenger Car Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific ICE Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific ICE Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Electric Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Electric Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Digital Loans & Purchase Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Digital Loans & Purchase Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Online Leasing Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Online Leasing Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Online Insurance Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Online Insurance Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific In-Vehicle Payments Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific In-Vehicle Payments Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Automotive Fintech Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Automotive Fintech Market by Country, 2022 - 2028, USD Million
TABLE 33 China Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 34 China Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 35 China Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 36 China Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 37 China Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 China Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 China Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 40 China Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 41 China Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 42 China Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 43 Japan Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 44 Japan Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 45 Japan Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 46 Japan Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 47 Japan Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 Japan Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 Japan Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 50 Japan Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 51 Japan Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 52 Japan Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 53 India Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 54 India Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 55 India Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 56 India Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 57 India Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 58 India Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 59 India Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 60 India Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 61 India Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 62 India Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 63 South Korea Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 64 South Korea Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 65 South Korea Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 66 South Korea Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 67 South Korea Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 68 South Korea Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 69 South Korea Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 70 South Korea Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 71 South Korea Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 72 South Korea Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 73 Singapore Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 74 Singapore Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 75 Singapore Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 76 Singapore Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 77 Singapore Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 Singapore Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 Singapore Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 80 Singapore Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 81 Singapore Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 82 Singapore Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 83 Malaysia Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 84 Malaysia Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 85 Malaysia Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 86 Malaysia Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 87 Malaysia Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 88 Malaysia Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 89 Malaysia Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 90 Malaysia Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 91 Malaysia Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 92 Malaysia Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 95 Rest of Asia Pacific Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 96 Rest of Asia Pacific Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 103 Key Information – Kuwy Technology Services Pvt Ltd.
TABLE 104 Key Information – Creditas Soluções Financeiras Ltda.
TABLE 105 Key Information – Euroclear SA/NV
TABLE 106 Key Information – Grab Holdings Inc
TABLE 107 Key Information – Blinker Inc.
TABLE 108 Key Information – The Savings Group, Inc.
TABLE 109 Key Information – Cuvva Limited
TABLE 110 Key Information – RouteOne LLC
TABLE 111 Key Information – By Miles
TABLE 112 Key Information – AutoFi, Inc.
List of Figures
FIG 1 Methodology for the research