Motorcycle Loan Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (New Motorcycle, Used Motorcycle), By Provider (Banks, NBFCs, OEM, Others (Fintech Companies, etc.)), By Tenure (Less than 3 Years, 3 & More than 3 Years), By Percentage of Amount Sanctioned (Less than 50%, More than 50%), By Region, By Competition Forecast, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 114.12 Billion

CAGR (2023-2028)

9.34%

Fastest Growing Segment

New Motorcycle

Largest Market

Asia Pacific


Market Overview

Global Motorcycle Loan Market was valued at USD 114.12 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.34% through 2028. Global motorcycle loans refer to financial products and services designed to facilitate the purchase of motorcycles worldwide. These loans are a crucial component of the motorcycle industry, enabling individuals and businesses to acquire two-wheelers, whether for personal transportation, leisure, or commercial purposes. The global motorcycle loan market has witnessed significant growth in recent years, driven by factors such as increasing demand for motorcycles, rising urbanization, and the need for affordable transportation options.

Financial institutions, including banks, credit unions, and specialized lenders, offer a variety of motorcycle loan options, including traditional installment loans and leasing arrangements. These loans typically provide borrowers with flexible repayment terms, competitive interest rates, and accessible eligibility criteria. Moreover, many lenders offer online application processes, making it easier for customers to secure financing for their motorcycle purchases.

The motorcycle loan market is not only responsive to consumer demand but also influenced by economic conditions and regulatory changes. Factors such as interest rates, credit availability, and government policies can impact the dynamics of this market.

In summary, global motorcycle loans play a pivotal role in the accessibility and affordability of motorcycles worldwide. They offer diverse financing options to a broad range of customers and contribute to the growth and vitality of the motorcycle industry on a global scale.

Key Market Drivers

Rising Demand for Motorcycles

One of the primary drivers of the global motorcycle loan market is the increasing demand for motorcycles across the world. Motorcycles serve as a popular mode of transportation in many regions, particularly in developing countries where they are often seen as a more affordable and efficient means of commuting than cars. Additionally, motorcycles are valued for their versatility and suitability for various purposes, including personal transportation, delivery services, and leisure riding.

As urbanization continues to grow, especially in emerging economies, the need for convenient and cost-effective transportation options becomes more pronounced. Motorcycles offer a practical solution to navigate through congested city streets and narrow roads. This rising demand for motorcycles creates a natural need for financing solutions, such as motorcycle loans, to enable individuals and businesses to acquire these vehicles.

Easy Accessibility to Financing

Another key driver of the global motorcycle loan market is the accessibility of financing options. Financial institutions, including banks, credit unions, and specialized lenders, have made it increasingly easy for consumers to access motorcycle loans. This accessibility is facilitated by various factors such as many lenders offering online application processes, allowing potential borrowers to apply for loans from the comfort of their homes. This simplifies the borrowing experience and reduces the time and effort required to secure financing.

Lenders often offer flexible repayment terms, including options for extended loan tenures, which can result in lower monthly payments. This flexibility makes motorcycle loans more attractive to a broader range of customers. Competition among lenders has led to competitive interest rates on motorcycle loans. Lower interest rates make financing more affordable, encouraging more individuals to consider motorcycle ownership.

Additionally, lenders typically offer a range of loan products, catering to various customer profiles and financial situations. This diversity allows borrowers to find loans that align with their specific needs and budget constraints.

Economic Factors

Economic conditions significantly impact the global motorcycle loan market. Several economic factors play a role in influencing the demand for motorcycle loans such as the prevailing interest rates in a region or country can greatly affect the attractiveness of motorcycle loans. Low-interest rates tend to stimulate borrowing and may encourage more individuals to finance motorcycle purchases.

Additionally, economic stability and consumer confidence play a crucial role in people's willingness to take on debt. During periods of economic uncertainty, individuals may be more cautious about taking on loans, potentially impacting loan demand. Similarly, the level of disposable income in a given region directly affects the ability of individuals to afford motorcycle loan payments. Higher income levels can lead to increased demand for motorcycles and, subsequently, motorcycle loans.

Regulatory Environment

The regulatory environment within a country or region is another critical driver of the global motorcycle loan market. Regulations can impact various aspects of motorcycle lending, including interest rate caps, consumer protection measures, and lending practices include some countries impose interest rate caps on loans to protect consumers from predatory lending practices. These regulations can impact the profitability and availability of motorcycle loans.

Regulations aimed at protecting consumers' rights and ensuring transparency in lending practices can influence how motorcycle loans are structured and marketed. Similarly, the governments and regulators may set guidelines for credit scoring and eligibility criteria for borrowers. These rules can determine who qualifies for motorcycle loans and under what conditions.

Regulators may require lenders to obtain licenses and adhere to specific oversight mechanisms. Compliance with these regulations can impact the number and behavior of lenders in the market. As a result, the global motorcycle loan market is shaped by a combination of factors, including rising motorcycle demand, accessibility to financing, economic conditions, and the regulatory environment. These drivers interact to influence the availability and terms of motorcycle loans, impacting the motorcycle industry and the ability of individuals and businesses to acquire these vehicles. As these drivers continue to evolve, the motorcycle loan market will adapt to meet the changing needs of consumers and businesses worldwide.

 

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Key Market Challenges

Economic Volatility

Economic volatility, including recessions and financial crises, poses a significant challenge to the motorcycle loan market. During periods of economic downturn, consumer confidence tends to decrease, leading individuals to become more cautious about taking on debt, including motorcycle loans. Several factors contribute to this challenge include economic instability which can result in job losses and reduced income for many individuals. The fear of job loss or income reduction can deter potential borrowers from considering motorcycle loans.

Economic crises can negatively impact credit scores and creditworthiness. Lenders may tighten their lending criteria, making it more difficult for borrowers to qualify for loans or obtain favorable interest rates. Additionally, economic instability can lead to an increase in loan defaults as borrowers struggle to make timely payments. This can result in financial losses for lenders and potentially lead to stricter lending practices.

To mitigate these challenges, lenders must carefully assess borrowers' financial stability and adapt their lending practices to accommodate changing economic conditions. Borrowers, in turn, should be cautious about taking on debt during uncertain economic times and ensure they have a secure financial foundation before pursuing motorcycle loans.

Regulatory Compliance

The regulatory environment can be complex and stringent in the financial sector, affecting the motorcycle loan market in various ways. Lenders must navigate a web of regulations that govern interest rates, consumer protection, disclosure requirements, and lending practices. This poses several challenges such as some regions impose interest rate caps on loans, limiting the profitability of motorcycle loans for lenders. These caps can reduce the availability of affordable financing options for borrowers.

Regulations aimed at protecting consumers can lead to increased compliance costs for lenders. This may result in stricter eligibility criteria, more rigorous documentation, and potentially higher loan origination fees. Additionally, lenders may need to obtain licenses and adhere to stringent oversight mechanisms, adding administrative burdens and costs.

Regulatory compliance challenges can vary significantly from one country to another, making it crucial for lenders to have a deep understanding of local laws and regulations. Failure to comply with these regulations can result in legal and financial consequences for lenders, affecting their ability to provide motorcycle loans.

Credit Risk and Loan Defaults

Credit risk is an inherent challenge in the motorcycle loan market. Lenders face the risk that borrowers may default on their loan payments, leading to financial losses. Several factors contribute to this challenge such as assessing the creditworthiness of borrowers accurately is essential to mitigate credit risk. However, accurately predicting borrower behavior can be challenging, especially for subprime borrowers.

Changes in the motorcycle market can impact the value of the collateral (the motorcycle) used to secure the loan. In the event of a default, lenders may struggle to recover the full loan amount through the sale of the motorcycle. Additionally, the process of repossessing and selling repossessed motorcycles can be time-consuming and costly. Delays in this process can further impact lenders' financial stability.

Lenders address these challenges by implementing risk assessment models, setting appropriate interest rates based on credit risk, and establishing collections and recovery processes. However, managing credit risk remains an ongoing challenge in the motorcycle loan market.

Market Saturation and Competition

In some regions, the motorcycle market may become saturated with lenders offering motorcycle loans. This saturation can lead to increased competition and challenges for both borrowers and lenders include intense competition which can result in margin compression, with lenders offering lower interest rates to attract borrowers. While this benefits borrowers, it can reduce profitability for lenders.

In a competitive market, lenders may relax lending standards to approve more borrowers, potentially leading to a higher risk of loan defaults. The need to stand out in a crowded market can lead to increased marketing and customer acquisition costs for lenders.

To address these challenges, lenders must find ways to differentiate themselves through innovative loan products, efficient customer service, and prudent risk management. Borrowers should carefully compare loan offers from multiple lenders to ensure they secure the best terms and rates.

In conclusion, the global motorcycle loan market faces significant challenges, including economic volatility, regulatory compliance, credit risk and loan defaults, and market saturation. These challenges underscore the importance of prudent financial management for both borrowers and lenders. Effective risk assessment, regulatory compliance, and competition management are essential for the continued health and growth of the motorcycle loan market, ensuring that individuals and businesses can access financing for their motorcycle purchases while minimizing financial risks.

Key Market Trends

Growth in Electric Motorcycles

One notable trend in the global motorcycle loan market is the increasing popularity of electric motorcycles. As environmental concerns and the desire for sustainable transportation solutions continue to rise, electric motorcycles have gained traction. These vehicles offer reduced emissions, lower operating costs, and quieter rides compared to traditional internal combustion engine (ICE) motorcycles.

The growth of electric motorcycles is impacting the lending landscape in several ways such as lenders are adapting their loan offerings to accommodate electric motorcycle buyers. Specialized financing options and competitive interest rates may be available to promote the adoption of these eco-friendly vehicles.

Electric motorcycles often have different resale value dynamics than traditional motorcycles due to the rapidly evolving technology. Lenders and borrowers must consider the impact of technological advancements on depreciation and collateral value.

Additionally, the availability of charging infrastructure can influence the practicality of electric motorcycles. Lenders may consider the accessibility of charging stations when evaluating loan applications. The trend toward electric motorcycles reflects a broader shift toward sustainability in the motorcycle industry, and lenders are adapting to meet the financing needs of eco-conscious consumers.

Digitalization and Online Lending

Digitalization has revolutionized the way motorcycle loans are accessed and processed. The convenience of online lending platforms and digital applications is a trend that is transforming the global motorcycle loan market such has online application and approval, borrowers can now apply for motorcycle loans online, often receiving near-instant approval decisions. This streamlines the loan origination process and makes it more accessible to a wider range of consumers.

Online tools and platforms allow borrowers to compare loan offers from multiple lenders, empowering them to choose the most favorable terms and interest rates. Furthermore, many lenders now accept digital documentation and e-signatures, reducing paperwork and simplifying the loan application process.

Some lenders offer mobile apps that enable borrowers to manage their loans, make payments, and access account information from their smartphones. Digitalization has not only enhanced the borrower experience but also improved efficiency for lenders, reducing processing times and administrative costs. This trend is expected to continue as technology continues to advance.

Flexible Financing Options

In response to changing consumer needs and preferences, lenders are offering more flexible financing options in the motorcycle loan market including lenders are increasingly offering longer loan terms, such as 72 or 84 months, to lower monthly payments and make motorcycle ownership more affordable.

Some lenders provide options for balloon payments, allowing borrowers to make a lower monthly payment during the loan term with a larger final payment. This can appeal to buyers who expect an influx of cash in the future. Additionally, borrowers may have the opportunity to customize their loans, choosing options like variable interest rates, interest-only payments, or skip-payment periods.

Lenders may offer motorcycle loan refinancing options, allowing borrowers to secure better terms or lower interest rates after the initial loan origination. These flexible financing options cater to a diverse range of borrowers with varying financial situations and preferences. Borrowers can select loans that align with their budget and lifestyle, enhancing affordability and accessibility in the motorcycle market.

Peer-to-Peer and Alternative Lending

Peer-to-peer (P2P) lending platforms and alternative lenders are reshaping the landscape of motorcycle financing. P2P lending offers a direct connection between borrowers and individual investors, cutting out traditional financial institutions. This disintermediation often leads to lower interest rates and more customized loan terms. Additionally, fintech-driven alternative lenders are capitalizing on technology to create unique loan solutions. These tech-savvy lenders leverage data analytics and streamlined application processes to appeal to a younger, digitally inclined demographic. This shift towards P2P and alternative lending is not only disrupting established lending practices but also broadening access to motorcycle loans. It provides diverse borrower profiles, including those with limited credit histories, with opportunities to secure financing and enjoy the thrill of motorcycle ownership.

Segmental Insights

Type Insights

The new motorcycle segment is experiencing remarkable growth in the global motorcycle loan market. As motorcycle manufacturers introduce innovative models and technologies, consumer demand for these new bikes is on the rise. Many riders are seeking to upgrade to the latest models, which often come with advanced features and improved performance. To facilitate these purchases, lenders are tailoring loan options specifically for new motorcycles, offering competitive interest rates and flexible terms. This trend reflects the increasing enthusiasm for cutting-edge motorcycles and highlights the crucial role of financing in driving the growth of this dynamic segment in the global motorcycle loan market.

Provider Insights

Non-Banking Financial Companies (NBFCs) are emerging as the fastest-growing segment in the global motorcycle loan market. These specialized financial institutions are gaining prominence due to their flexibility and agility in serving a diverse range of borrowers. NBFCs often offer tailored loan products, accommodating individuals with varying credit profiles and financial backgrounds. Their ability to process loans swiftly and offer competitive interest rates is attracting a growing number of motorcycle buyers. As NBFCs continue to expand their presence and adapt to evolving market demands, they are playing a pivotal role in driving the rapid growth of motorcycle financing on a global scale.

 

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Regional Insights

Asia Pacific stands out as the dominant region in the global motorcycle loan market. The region's robust motorcycle industry, fueled by high demand in countries like India, China, and Southeast Asian nations, has propelled motorcycle loans to the forefront. Rapid urbanization, coupled with the need for affordable transportation, has driven motorcycle sales, and lenders have responded with accessible financing options. Moreover, Asia Pacific's expanding middle-class population seeks personal mobility, further boosting the demand for motorcycle loans. As the region continues to witness economic growth and urban development, it maintains its stronghold as the dominant force in the global motorcycle loan market.

Recent Developments

  • In June 2023, Mitsubishi UFJ Financial Group acquired Mandala Multifinance, a publicly traded Indonesian motorbike financing firm. The Japanese financial behemoth will own 70.6% of the company via its subsidiary MUFG Bank and 10% via Adira Dinamika Multi Finance, a subsidiary of Bank Danamon. After the transaction is completed, which is scheduled to be early next year, MUFG will undertake an obligatory tender offer for the remaining 19.4% interest in Mandala Multifinance. The transaction is still subject to regulatory approval.
  • In May 2023, Suzuki Motorcycle India has signed a deal with Bajaj Finance, the lending arm of Bajaj Finserv, to finance the former's two-wheelers. Customers will have easy access to retail financing alternatives when purchasing Suzuki two-wheelers as part of this partnership.

Key Market Players

  • Bank of American Corporation  
  • Mitsubishi HC Capital UK PLC
  • GM Financial Inc.
  • JPMorgan Chase & Co.
  • Toyota Financial Services
  • Ally Financial Inc.
  • Daimler Financial Services
  • Capital One Financial Corporation
  • Ford Motor Credit Company
  • General Motors Financial Company, Inc

 By Type

By Provider

By Tenure

By Percentage of Amount Sanctioned

By Region
  • New Motorcycle
  • Used Motorcycle
  • Banks
  • NBFCs
  • OEM
  • Others
  • Less than 3 Years
  • 3 & More than 3 Years
  • Less than 50%
  • More than 50%
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Motorcycle Loan Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Motorcycle Loan Market, By Type:

o   New Motorcycle

o   Used Motorcycle

  • Motorcycle Loan Market, By Provider:

o   Banks

o   NBFCs

o   OEM

o   Others

  • Motorcycle Loan Market, By Tenure:

o   Less than 3 Years

o   3 & More than 3 Years

  • Motorcycle Loan Market, By Percentage of Amount Sanctioned:

o   Less than 50%

o   More than 50%

  • Motorcycle Loan Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Motorcycle Loan Market.

Available Customizations:

Global Motorcycle Loan market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Motorcycle Loan Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Loan Availing Decisions

4.2.  Challenges Faced

5.    Global Motorcycle Loan Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (New Motorcycle, Used Motorcycle)

5.2.2.    By Provider Market Share Analysis (Banks, NBFCs, OEM, Others (Fintech Companies, etc.))

5.2.3.    By Tenure Market Share Analysis (Less than 3 Years, 3 & More than 3 Years)

5.2.4.    By Percentage of Amount Sanctioned Market Share Analysis (Less than 50%, More than 50%)

5.2.5.    By Regional Market Share Analysis

5.2.5.1.        North America Market Share Analysis

5.2.5.2.        South America Market Share Analysis

5.2.5.3.        Middle East & Africa Market Share Analysis

5.2.5.4.        Europe Market Share Analysis

5.2.5.5.        Asia-Pacific Market Share Analysis

5.2.6.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Motorcycle Loan Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Provider Market Mapping & Opportunity Assessment

5.3.3.    By Tenure Market Mapping & Opportunity Assessment

5.3.4.    By Percentage of Amount Sanctioned Market Mapping & Opportunity Assessment

5.3.5.    By Regional Market Mapping & Opportunity Assessment

6.    North America Motorcycle Loan Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Provider Market Share Analysis

6.2.3.    By Tenure Market Share Analysis

6.2.4.    By Percentage of Amount Sanctioned Market Share Analysis

6.3.  North America: Country Analysis

6.3.1.    United States Motorcycle Loan Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Provider Market Share Analysis

6.3.1.2.3.           By Tenure Market Share Analysis

6.3.1.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

6.3.2.    Canada Motorcycle Loan Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Provider Market Share Analysis

6.3.2.2.3.           By Tenure Market Share Analysis

6.3.2.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

6.3.3.    Mexico Motorcycle Loan Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Provider Market Share Analysis

6.3.3.2.3.           By Tenure Market Share Analysis

6.3.3.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

7.    Europe Motorcycle Loan Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Provider Market Share Analysis

7.2.3.    By Tenure Market Share Analysis

7.2.4.    By Percentage of Amount Sanctioned Market Share Analysis

7.3.  Europe: Country Analysis

7.3.1.    Germany Motorcycle Loan Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type Market Share Analysis

7.3.1.2.2.           By Provider Market Share Analysis

7.3.1.2.3.           By Tenure Market Share Analysis

7.3.1.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

7.3.2.    United Kingdom Motorcycle Loan Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type Market Share Analysis

7.3.2.2.2.           By Provider Market Share Analysis

7.3.2.2.3.           By Tenure Market Share Analysis

7.3.2.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

7.3.3.    Italy Motorcycle Loan Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecasty

7.3.3.2.1.           By Type Market Share Analysis

7.3.3.2.2.           By Provider Market Share Analysis

7.3.3.2.3.           By Tenure Market Share Analysis

7.3.3.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

7.3.4.    France Motorcycle Loan Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type Market Share Analysis

7.3.4.2.2.           By Provider Market Share Analysis

7.3.4.2.3.           By Tenure Market Share Analysis

7.3.4.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

7.3.5.    Spain Motorcycle Loan Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type Market Share Analysis

7.3.5.2.2.           By Provider Market Share Analysis

7.3.5.2.3.           By Tenure Market Share Analysis

7.3.5.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

8.    Asia-Pacific Motorcycle Loan Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Provider Market Share Analysis

8.2.3.    By Tenure Market Share Analysis

8.2.4.    By Percentage of Amount Sanctioned Market Share Analysis

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Motorcycle Loan Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type Market Share Analysis

8.3.1.2.2.           By Provider Market Share Analysis

8.3.1.2.3.           By Tenure Market Share Analysis

8.3.1.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

8.3.2.    India Motorcycle Loan Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type Market Share Analysis

8.3.2.2.2.           By Provider Market Share Analysis

8.3.2.2.3.           By Tenure Market Share Analysis

8.3.2.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

8.3.3.    Japan Motorcycle Loan Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type Market Share Analysis

8.3.3.2.2.           By Provider Market Share Analysis

8.3.3.2.3.           By Tenure Market Share Analysis

8.3.3.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

8.3.4.    South Korea Motorcycle Loan Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type Market Share Analysis

8.3.4.2.2.           By Provider Market Share Analysis

8.3.4.2.3.           By Tenure Market Share Analysis

8.3.4.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

8.3.5.    Australia Motorcycle Loan Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type Market Share Analysis

8.3.5.2.2.           By Provider Market Share Analysis

8.3.5.2.3.           By Tenure Market Share Analysis

8.3.5.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

9.    South America Motorcycle Loan Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Provider Market Share Analysis

9.2.3.    By Tenure Market Share Analysis

9.2.4.    By Percentage of Amount Sanctioned Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Motorcycle Loan Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type Market Share Analysis

9.3.1.2.2.           By Provider Market Share Analysis

9.3.1.2.3.           By Tenure Market Share Analysis

9.3.1.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

9.3.2.    Argentina Motorcycle Loan Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type Market Share Analysis

9.3.2.2.2.           By Provider Market Share Analysis

9.3.2.2.3.           By Tenure Market Share Analysis

9.3.2.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

9.3.3.    Colombia Motorcycle Loan Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type Market Share Analysis

9.3.3.2.2.           By Provider Market Share Analysis

9.3.3.2.3.           By Tenure Market Share Analysis

9.3.3.2.4.           By Percentage of Amount Sanctioned Market Share Analysis

10. Middle East and Africa Motorcycle Loan Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Provider Market Share Analysis

10.2.3. By Tenure Market Share Analysis

10.2.4. By Percentage of Amount Sanctioned Market Share Analysis

10.3.             MEA: Country Analysis

10.3.1. South Africa Motorcycle Loan Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type Market Share Analysis

10.3.1.2.2.         By Provider Market Share Analysis

10.3.1.2.3.         By Tenure Market Share Analysis

10.3.1.2.4.         By Percentage of Amount Sanctioned Market Share Analysis

10.3.2. Saudi Arabia Motorcycle Loan Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type Market Share Analysis

10.3.2.2.2.         By Provider Market Share Analysis

10.3.2.2.3.         By Tenure Market Share Analysis

10.3.2.2.4.         By Percentage of Amount Sanctioned Market Share Analysis

10.3.3. UAE Motorcycle Loan Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type Market Share Analysis

10.3.3.2.2.         By Provider Market Share Analysis

10.3.3.2.3.         By Tenure Market Share Analysis

10.3.3.2.4.         By Percentage of Amount Sanctioned Market Share Analysis

10.3.4. Turkey Motorcycle Loan Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type Market Share Analysis

10.3.4.2.2.         By Provider Market Share Analysis

10.3.4.2.3.         By Tenure Market Share Analysis

10.3.4.2.4.         By Percentage of Amount Sanctioned Market Share Analysis

10.3.5. Egypt Motorcycle Loan Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type Market Share Analysis

10.3.5.2.2.         By Provider Market Share Analysis

10.3.5.2.3.         By Tenure Market Share Analysis

10.3.5.2.4.         By Percentage of Amount Sanctioned Market Share Analysis

11. Market Dynamics

11.1.            Drivers

11.2.            Challenges

12. Market Trends & Developments

13. SWOT Analysis

13.1.            Strength

13.2.            Weakness

13.3.            Opportunity

13.4.            Threat

14. Competitive Landscape

14.1.            Company Profiles

14.1.1. Bank of American Corporation 

14.1.1.1.     Company Details

14.1.1.2.     Products & Services

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Mitsubishi HC Capital UK PLC

14.1.2.1.     Company Details

14.1.2.2.     Products & Services

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. GM Financial Inc.

14.1.3.1.     Company Details

14.1.3.2.     Products & Services

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. JPMorgan Chase & Co.

14.1.4.1.     Company Details

14.1.4.2.     Products & Services

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Toyota Financial Services

14.1.5.1.     Company Details

14.1.5.2.     Products & Services

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Ally Financial Inc.

14.1.6.1.     Company Details

14.1.6.2.     Products & Services

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Daimler Financial Services

14.1.7.1.     Company Details

14.1.7.2.     Products & Services

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Capital One Financial Corporation

14.1.8.1.     Company Details

14.1.8.2.     Products & Services

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Ford Motor Credit Company

14.1.9.1.     Company Details

14.1.9.2.     Products & Services

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              General Motors Financial Company, Inc

14.1.10.1.  Company Details

14.1.10.2.  Products & Services

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.2.            Target Type

15.3.            Target Provider

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Motorcycle Loan Market was estimated to be USD 114.12 billion in 2022.

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Easy availability of motorcycle loans and rising demand for motorcycles are the major drivers for the global Motorcycle Loan market.

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The growing popularity of motorcycle leasing and rise of digital motorcycle loans are the major trends for the global Motorcycle Loan market.

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The lack of standardized motorcycle loan products and services and the high default rates on motorcycle loans are the major drivers for the global Motorcycle Loan market.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Motorcycle Loan Market to Grow with a CAGR of 9.34% Globally through 2028

Nov, 2023

Rising demand for motorcycles and the growing awareness of motorcycle safety are factors driving the global motorcycle loan market in the forecast period 2024-2028.

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