New York, April 15, 2020 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Two-wheeler loan market in India, by type, by source, by percentage of amount sanctioned, by type of city, by mode of ‘occupation, competition, Forecast and opportunities, 2025 “- https://www.reportlinker.com/p05879463/?utm_source=GNW
Technological advancements in the form of a 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- wheels across the country, thus driving the two-wheeler loan market.
Two-wheelers provide a preferred transportation option for short-haul journeys in India. In addition, two-wheelers are convenient in traffic jams and make parking easier compared to other vehicles, thus facilitating the adoption of two-wheelers, which in turn, drive a two-wheeler loan market too.
In addition, it is now possible to apply for a loan online and fewer documents are required, thanks to the banking network, eliminating the hassle of lengthy approval, which positively influences the growth of the market. In addition, the presence of major car manufacturers in the country, flexibility in terms of tenure and payment method, negotiable interest rates based on CIBIL score further boost the growth of the Indian two-person loan market. wheels.
The India two wheeler loan market can be segmented on the basis of type, source, percentage of amount sanctioned, type of city, tenure and region. In terms of type, India two wheeler loan market can be divided into new two wheeler and used two wheeler loan.
The new two-wheeler is the major segment of the market; however, the segment of older two-wheelers is expected to experience growth in the coming years due to the fall in the price of these vehicles.
The major players operating in the Indian two wheel loan market are categorized into Non Bank Finance Companies (NBFC) 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
Baseline year: 2019
Estimated year: 2020
Forecast period: 2021-2025
Goal of the study:
• To analyze and forecast the size of the India two wheel loan market.
• Classify and forecast the Indian Two Wheeler Loans Market on the basis of type, source, percentage of amount sanctioned, type of city, occupancy and regional distribution.
• Identify the drivers and challenges of the Indian two-wheeled 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 the major players operating in the Indian two wheeler loan market.
The analyst performed both primary and secondary research exhaustive for this study. Initially, the analyst obtained a list of two-wheeled loan providers across the country.
Subsequently, the analyst conducted primary research surveys of the identified companies. During the interviews, respondents were also asked about their competitors.
Using this technique, the analyst could include actors who could not be identified due to the limitations of secondary research. The analyst looked at the service providers and the presence of all major manufacturers across the country.
The analyst calculated the market size of India’s two-wheeler loan market using a bottom-up approach, where data for various end-user segments has been recorded and forecast for years to come. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data for these types of products and applications to arrive at 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:
• Manufacturers, distributors and other stakeholders of two-wheelers
• Banks and NBFC
• 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 useful in providing answers to several critical questions that are important to industry stakeholders such as service providers, end users, etc., in addition to enabling them to strategize investment and capitalize on market opportunities.
Scope of the report:
In this report, the India Two Wheeler Loan Market has been segmented into following categories in addition to industry trends which have also been detailed below:
• Market, by type:
o New two-wheelers
o Used two-wheelers
• Market, by source:
o Non-Banking Financial Corporation (NBFC)
• Market, by percentage of the sanctioned amount:
Up to 25%
o Above 75%
• Market, by type of city:
o Level 4
• Market, by tenure:
o Under 3 years
o 3-5 years
• Market, by region:
o North region
o South region
o East region
o West region
Company Profiles: Detailed analysis of the major companies present in the Indian Two Wheeler Loan Market.
With the market data provided, 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 additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05879463/?utm_source=GNW
About Report link
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.