Saudi Arabia Automotive Loan Market Share, Trends, Analysis, Opportunity, Size, Demand & Forecast
An increase in car sales, expansion of digitalization along with the entrance of fintech companies in automotive loans are the leading factors expected to drive the Saudi Arabia Automotive Loan Market during the projected period. According to TechSci Research report, “ Saudi Arabia Automotive Loan Market–Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Saudi Arabia automotive loan market is expected to grow at a fast rate during the forecast period owing to the emergence of banks, NBFCs, fin-tech firms, and online personal loan aggregator platforms. Higher shipping costs in 2021 had an impact on auto sales as well as the cost of transporting cargo has increased significantly. Consumers paid higher prices, which increased the number of loans extended out. Thus, the demand for the automotive loan is being driven by the various above-mentioned factors in Saudi Arabia during the forecast period. The Important Factors of the S...