The Europe Automotive Fintech Market would witness market growth of 8.8% CAGR during the forecast period (2022-2028).
The fusion of automotive and financial technology will reach its zenith, turning the car into an extension of the smartphone with all its potential applications and concerns regarding data privacy and cybersecurity. The ultimately linked, immersive digital ecosystem that auto fintech envisions nonetheless confronts substantial twists and turns along the road, even though such digitization initiatives are gaining momentum.
Several new income streams will become available as the automobile industry becomes more digitalized. Still, for now, transactions are the most advanced in terms of market acceptance, especially in COVID-19. The decreasing pressure on sales hastened the shift towards online vehicle purchasing via conventional dealerships. Many prospective automobile buyers started their search on the internet. While two-thirds of prospective buyers prefer not to visit a car lot when making their next auto purchase, the widespread adoption of e-commerce during the pandemic has expanded the segment of online shoppers to attract older consumers.
Germany is Europe's largest automotive industry in sales and production, accounting for around 25% of all passenger vehicles manufactured and 20% of new registrations. Besides that, Germany has the biggest concentration of OEM factories in Europe. There are now 44 OEM sites in Germany. In 2021, Germany's OEM industry share in the EU surpassed 55%. In 2021, German automakers produced around 15,6 million vehicles. Fifteen of the world's top 75 automotive suppliers are German companies. In 2021, German companies produced more than 3,1 million passenger cars and 351,000 commercial vehicles, putting Germany as the leader in the European auto industry.
The Germany market dominated the Europe Automotive Fintech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,722.4 million by 2028. The UK market is anticipated to grow at a CAGR of 7.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Propulsion Type
By End User
- Digital Loans & Purchase
- Online Leasing
- Online Insurance
- In-Vehicle Payments
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Automotive Fintech Market, by Channel
1.4.2 Europe Automotive Fintech Market, by Vehicle Type
1.4.3 Europe Automotive Fintech Market, by Propulsion Type
1.4.4 Europe Automotive Fintech Market, by End User
1.4.5 Europe 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. Europe Automotive Fintech Market by Channel
4.1 Europe On Demand Market by Country
4.2 Europe Subscription Market by Country
Chapter 5. Europe Automotive Fintech Market by Vehicle Type
5.1 Europe Passenger Car Market by Country
5.2 Europe Commercial Vehicle Market by Country
Chapter 6. Europe Automotive Fintech Market by Propulsion Type
6.1 Europe ICE Market by Country
6.2 Europe Electric Market by Country
Chapter 7. Europe Automotive Fintech Market by End Use
7.1 Europe Digital Loans & Purchase Market by Country
7.2 Europe Online Leasing Market by Country
7.3 Europe Online Insurance Market by Country
7.4 Europe In-Vehicle Payments Market by Country
Chapter 8. Europe Automotive Fintech Market by Country
8.1 Germany Automotive Fintech Market
8.1.1 Germany Automotive Fintech Market by Channel
8.1.2 Germany Automotive Fintech Market by Vehicle Type
8.1.3 Germany Automotive Fintech Market by Propulsion Type
8.1.4 Germany Automotive Fintech Market by End Use
8.2 UK Automotive Fintech Market
8.2.1 UK Automotive Fintech Market by Channel
8.2.2 UK Automotive Fintech Market by Vehicle Type
8.2.3 UK Automotive Fintech Market by Propulsion Type
8.2.4 UK Automotive Fintech Market by End Use
8.3 France Automotive Fintech Market
8.3.1 France Automotive Fintech Market by Channel
8.3.2 France Automotive Fintech Market by Vehicle Type
8.3.3 France Automotive Fintech Market by Propulsion Type
8.3.4 France Automotive Fintech Market by End Use
8.4 Russia Automotive Fintech Market
8.4.1 Russia Automotive Fintech Market by Channel
8.4.2 Russia Automotive Fintech Market by Vehicle Type
8.4.3 Russia Automotive Fintech Market by Propulsion Type
8.4.4 Russia Automotive Fintech Market by End Use
8.5 Spain Automotive Fintech Market
8.5.1 Spain Automotive Fintech Market by Channel
8.5.2 Spain Automotive Fintech Market by Vehicle Type
8.5.3 Spain Automotive Fintech Market by Propulsion Type
8.5.4 Spain Automotive Fintech Market by End Use
8.6 Italy Automotive Fintech Market
8.6.1 Italy Automotive Fintech Market by Channel
8.6.2 Italy Automotive Fintech Market by Vehicle Type
8.6.3 Italy Automotive Fintech Market by Propulsion Type
8.6.4 Italy Automotive Fintech Market by End Use
8.7 Rest of Europe Automotive Fintech Market
8.7.1 Rest of Europe Automotive Fintech Market by Channel
8.7.2 Rest of Europe Automotive Fintech Market by Vehicle Type
8.7.3 Rest of Europe Automotive Fintech Market by Propulsion Type
8.7.4 Rest of Europe 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 Europe Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 2 Europe Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 3 Europe Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 4 Europe Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 5 Europe On Demand Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe On Demand Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Subscription Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Subscription Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 Europe Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 Europe Passenger Car Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Passenger Car Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 16 Europe Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 17 Europe ICE Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe ICE Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Electric Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Electric Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 22 Europe Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 23 Europe Digital Loans & Purchase Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Digital Loans & Purchase Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Online Leasing Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Online Leasing Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Online Insurance Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Online Insurance Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe In-Vehicle Payments Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe In-Vehicle Payments Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Automotive Fintech Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Automotive Fintech Market by Country, 2022 - 2028, USD Million
TABLE 33 Germany Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 34 Germany Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 35 Germany Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 36 Germany Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 37 Germany Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 Germany Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 Germany Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 40 Germany Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 41 Germany Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 42 Germany Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 43 UK Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 44 UK Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 45 UK Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 46 UK Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 47 UK Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 UK Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 UK Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 50 UK Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 51 UK Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 52 UK Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 53 France Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 54 France Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 55 France Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 56 France Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 57 France Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 58 France Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 59 France Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 60 France Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 61 France Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 62 France Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 63 Russia Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 64 Russia Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 65 Russia Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 66 Russia Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 67 Russia Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 68 Russia Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 69 Russia Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 70 Russia Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 71 Russia Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 72 Russia Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 73 Spain Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 74 Spain Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 75 Spain Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 76 Spain Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 77 Spain Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 Spain Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 Spain Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 80 Spain Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 81 Spain Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 82 Spain Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 83 Italy Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 84 Italy Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 85 Italy Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 86 Italy Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 87 Italy Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 88 Italy Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 89 Italy Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 90 Italy Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 91 Italy Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 92 Italy Automotive Fintech Market by End Use, 2022 - 2028, USD Million
TABLE 93 Rest of Europe Automotive Fintech Market, 2018 - 2021, USD Million
TABLE 94 Rest of Europe Automotive Fintech Market, 2022 - 2028, USD Million
TABLE 95 Rest of Europe Automotive Fintech Market by Channel, 2018 - 2021, USD Million
TABLE 96 Rest of Europe Automotive Fintech Market by Channel, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Automotive Fintech Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Automotive Fintech Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Automotive Fintech Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Automotive Fintech Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Automotive Fintech Market by End Use, 2018 - 2021, USD Million
TABLE 102 Rest of Europe 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