New York, April 15, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “India Two Wheeler Loan Market, By Type, By Source, By Percentage of Amount Sanctioned, By Type of City, By Tenure, Competition, Forecast and opportunities, 2025” – https://www.reportlinker.com/p05879463/?utm_source=GNW
Technological advancements in the form of the shift from combustion engine vehicles to electric vehicles, new product launches, government subsidies for the purchase of electric vehicles, and high vehicle replacement rates are driving sales of two -wheelers across the country, thus driving the two-wheeler loan market.
Two-wheelers provide a preferred transportation option for short distance trips in India. market too.
Moreover, it is now possible to apply for a loan online and fewer documents are required, thanks to net banking, eliminating the hassle of a long approval, which positively influences the growth of the market. Additionally, the presence of major automakers in the country, flexibility in terms of tenure and mode of payment, negotiable interest rates based on CIBIL score are further driving the growth of the Indian two-way loan market wheels.
The Indian two-wheeler loan market can be segmented on the basis of type, source, percentage of amount sanctioned, type of city, scheme and region. In terms of type, the Indian two-wheeler loan market can be divided into new two-wheeler loan and used.
The new two-wheeler is the major segment of the market; However, the segment of old two-wheelers is expected to grow in the coming years due to the falling price of these vehicles.
Major players operating in the Indian two-wheeler loan market are categorized into Non-Bank Financial Companies (NBFCs) and Banks. For example, some of the major banks in the country include HDFC Bank, State Bank of India, ICICI Bank and Axis Bank among others. .
Major NBFCs operating in the country include Hero Fincorp, Bajaj Finserv, Mahindra & Mahindra Financial Services Limited and Shriram Transport Finance Co. Ltd., Ltd.
Years considered for this report:
Historical years: 2015-2018
Base year: 2019
Estimated year: 2020
Forecast period: 2021-2025
Goal of the study:
• To analyze and forecast the market size of the Indian two-wheeler loan market.
• To classify and forecast the Indian two-wheeler loan market based on type, source, percentage of amount sanctioned, type of city, tenure and regional breakdown.
• Identify drivers and challenges for the Indian two-wheeler loan market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Indian two-wheeler loan market.
• Identify and analyze the profile of major players operating in the Indian two-wheeler loan market.
The analyst conducted both extensive primary and secondary research for this study. Initially, the analyst sourced a list of two-wheeler loan providers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, the analyst could include actors that could not be identified due to the limitations of secondary research. The analyst looked at the service providers and presence of all major manufacturers across the country.
The analyst has calculated the market size of the Indian two-wheeler loan market using a bottom-up approach, where data for various end-user segments has been recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data of these types of products and applications to derive an appropriate overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key target audience:
• Two-wheeler manufacturers, distributors and other stakeholders
• Banks and NBFCs
• Government bodies such as regulators and policy makers
• Organizations, forums and alliances related to the two-wheel loan market
• Market research and consulting firms
The study is helpful in providing answers to several critical questions that are important for industry stakeholders such as service providers, end users, etc., besides enabling them to form marketing strategies. investment and capitalize on market opportunities.
In this report, the Indian two-wheeler loan market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Market, by type:
o New two-wheeler
o Second-hand two-wheelers
• Market, by source:
o Non-Banking Finance Corporation (NBFC)
• Market, by percentage of sanctioned amount:
o Up to 25%
o Above 75%
• Market, by type of city:
o Level 1
o Level 2
o Level 3
o Level 4
• Market, by tenure:
o Less than 3 years old
o 3-5 years
• Market, by region:
o North Region
o South Region
o Eastern Region
o West Region
Company Profiles: Detailed analysis of the main companies present in the Indian motorcycle loan market.
With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p05879463/?utm_source=GNW
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