Autonomous Trucks
Pune, India, May 21, 2021 (GLOBE NEWSWIRE) -- According to the report, Automotive Finance market size is projected to grow from USD 245.62 billion in 2021 to USD 385.42 billion in 2028 at a CAGR of 6.5% in the forecast period. The global automotive finance market is set to gain traction from the increasing trend of engine downsizing. The outbreak of the COVID-19 pandemic severely affected the automotive finance industry during the first quarter of 2020. Out of these, the others segment generated 24.1% in terms of the automotive finance market share in 2020. In Asia Pacific, the rising trends of car sharing and rental services are anticipated to spur the demand for automotive finance services.