Credit Distributed in Qatar Auto Finance Market Expected to Reach QR18.9B in 2026F Due to Digital Currency and Neo-Banking: Ken Research – Yahoo Finance | CarTailz

Ken Research

Ken Research

The report covers Qatar Auto Industry, Qatar Banking Sector, Qatar Auto Industry, Qatar Auto Finance Sector, Qatar Auto Loan Market, Qatar Auto Market, Qatar Auto Investment Market, Qatar Auto Accounts Market, Commercial Bank of Qatar Auto Finance and International Bank of Qatar vehicle loan, HSBC vehicle loan, auto finance interest rate, qatar car market, auto finance commercial vehicle type.

Gurugram, India, November 22, 2022 (GLOBE NEWSWIRE) —

  • Qatar is set to host the 2022 FIFA World Cup, which is expected to increase tourist flow (more than 1 million tourists are expected to arrive in Qatar by the end of 2022), which will directly benefit the country’s local business and automotive industries.

  • Electric vehicles are environmentally friendly and help Qatar in sustainable development and maintaining a green environment. In order to protect the environment, the banks are offering the Qatari population attractive offers of up to 100% loans when purchasing electric vehicles. It motivates people to choose electric vehicles.

  • The Qatar Financial Center offers local and international companies the opportunity to incorporate a wide range of banking, wealth management and insurance businesses under a legal and regulatory regime based on global best practices.

Embracing digitalization: Automotive finance companies are increasingly moving towards higher technological advances to improve operating profits as well as customer experience. Car buyers are increasingly willing to buy their next car online and value “one-stop-shop” solutions that offer advice and personalization.

Change in population demographics: The Standing Population Committee (PPC) launched a population policy in 2017 to encourage the growth of Qatar’s population. This aims to reduce the recruitment of foreigners and will therefore reduce the number of expats by tightening labor regulations. Various measures are being taken to eliminate surplus labor in the country, including conducting studies on illegal and domestic workers. Since expats request the majority of auto loans, this policy is having a negative impact on the market.

Government guidelines: The Government of Qatar’s National Vision 2030 has massive plans for the economy aimed at improving employment numbers, which could be fruitful for Qataris auto finance market also. The Qatar National FinTech Taskforce was established in 2017 to create a strong and sustainable FinTech ecosystem. As part of its FinTech strategy, QCB has introduced computer security “sandbox” technology. As part of the Covid-19 response, QCB also introduced capital in MSMEs in essential sectors to neutralize the impact of Covid-19.

Analysts from Ken Research in their latest publication Qatar Auto Finance Market Outlook to 2026F – Driven by rising vehicle prices and low interest rates in the countryVon Ken Research noted that the Qatar auto finance market has experienced a decline in growth rate over the historical period. The shortage of semiconductor chips, the decline in the foreign population and the impact of COVID 19 have led to a drop in demand for auto loans in the country. However, rising auto finance awareness among the population along with increasing credit opportunities, customer tastes and preferences, and implementation of favorable government rules and regulations are expected to contribute to the market growth over the forecast period. The Qatar Auto Financing Market is anticipated to grow at a CAGR of 2.8% during the forecast period 2021-2026F.

Key Segments Covered:-
Qatar car financing:
By type of vehicle financed
Second hand

By Ownership (for new and old vehicles)
1 year
2 years
3 years and more

By type of lender

By type of lending bank

By type of commercial and passenger vehicle

By type of commercial vehicle

By type of passenger car
2W and others

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Important target group

Qatar auto industry
government agencies and regulators
financial industry
car company
Automobile dealers and users

Period covered in the report:-
Historical year: 2016-2021
base year: 2021
Forecast period: 2021-2026F

Covered Companies:-
Qatar National Bank
Doha bank
commercial bank
Commercial Bank Al Khaliji
Ahli bench
Qatar Islamic International Bank
Qatar Islamic Bank
Dukhan Bank
Masraf Al Rayan
Standard chartered cheque
International Bank of Qatar
First finance company
Al Jazeera Finance

Key Topics Covered in the Report:-
Overview of the automotive market in Qatar
Qatar Auto Finance Market Ecosystem
Analysis of the value chain of car financing in Qatar
Business cycle and schedule of the main banks in the auto finance market in Qatar
Market Sizing Analysis of Auto Financing Market in Qatar, 2016-2021
Market Segmentation for Auto Finance in Qatar
SWOT Analysis of the Auto Finance Industry in Qatar
Trends and developments in the auto finance industry in Qatar
Decision parameters for the selection of the car loan provider
Problems and challenges in the auto finance industry in Qatar
Drivers of growth of the auto financing market in Qatar
Government Policies and Initiatives for the Auto Finance Industry in Qatar
Impact of COVID-19 on Qatar car finance market
Competitive Framework for Qatar Auto Finance
Future prospects and forecasts of Qatar auto finance market
Market Opportunities and Analyst Recommendations

For more insights on the market insights, please refer to the following link :-
Outlook for Qatar Auto Finance Market to 2026F

Related reports From Ken Research:-
Philippines Auto Finance Market Outlook to 2026 – Driven by changes in consumer spending, easier lending, improved technology and government support

The Philippines is the second fastest growing vehicle market in ASEAN with commercial vehicles having higher market share and the market has observed the maximum growth in the automotive industry in ASEAN countries with auto loans growing over the past five years mainly due to population growth and economic growth . The auto finance market is in the growth phase with banking institutions and NBFCs leading the market and online aggregator platforms entering the market with the launch of online personal loan aggregator platforms to simplify the provider selection process such as BSP Pay and Pesopay The top aggregator, Better technological infrastructure in the form of growing auto finance platforms and increasing use of AI and ML for a better auto lending experience will lead the future growth of the industry. Innovative business models like Subscription Lending & Shared Ownership can grow in the future to increase car financing. Good growth is still expected for the Philippine auto financing market.

Indonesian Auto Finance Industry Outlook to 2026 – Driven by increasing digital penetration, evolving characteristics of vehicle ownership and government rebates amid systemically regulated vehicle ownership and financing policies by regulators

Growing population, rising income levels and post-Covid economic recovery are leading to an increase in vehicle sales, which is expected to drive the increase in outstanding auto loans in Indonesia. Hence, the auto finance market is in the growth stage where banking institutions and NBFCs are leading the market and online aggregator platforms are entering the market. And the launch of online personal loan aggregator platforms in the market to ease the provider selection process like BSP Pay, Pesopay is among the top aggregators, better technological infrastructure in the form of growing auto finance platforms, digital installment payment system, zero or very less face-to-face dealings and simpler procedures , e.g. B. Kredit Pintar, and the increasing use of AI and ML for a better auto lending experience will lead the future growth of the industry. Innovative business models like Subscription Lending & Shared Ownership can grow in the future to increase car financing. Good growth is still expected for the Indonesian auto financing market.

Vietnam Auto Finance Market Outlook to 2026F – Driven by digital penetration and bank dominance, as well as a shift in consumer preferences from 2W to 4W

The Vietnam cold chain market is projected to grow at a double-digit CAGR over the period 2016-2021. The market is currently in the growth phase due to lower interest rates as well as increasing government initiatives and investments in the industry. The pandemic has led to a slow growth in auto finance, with Vietnamese preferring to own a private vehicle to avoid public transportation. The proliferation of internet and smartphones as well as the increasing purchasing power of the middle class led to changing consumer preferences, which are some of the key factors driving the auto finance market in Vietnam.

Egypt Auto Finance Market Outlook to 2027 – Driven by female drivers entering the market, digital advancements and government initiatives

Urbanization is expected to increase to over 60% by 2030, meaning increased demand for jobs, housing, infrastructure and social services such as public transport. In addition, the recent increase in the cost of public transportation has led to an increase in demand for private vehicles. The Egyptian car finance market is currently in the growth phase and the market is currently growing at a double-digit CAGR due to lower interest rates, growing disposable income and easy financing options.

KSA Auto Finance Market Outlook to 2026F – Driven by women entering the market, growing private companies and government initiatives

The KSA Auto Finance Market is in the growth phase, driven by banks and NBFCs and the introduction of fin-tech companies and online personal loan aggregator platforms. The disbursed loans market fell and experienced a decline due to factors such as the Covid outbreak and the shortage of semiconductor chips. Auto sales were also impacted by higher shipping costs in 2021 as container freight rates rose sharply. Higher prices were passed on to consumers, leading to an increase in disbursed loans. However, the market is recovering and has been showing positive growth since 2021. The market entry of women drivers has led to an increase in the total number of cars sold and thus the loans disbursed in the automotive sector.

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