PUBLISHER: yStats.com | PRODUCT CODE: 1421157
PUBLISHER: yStats.com | PRODUCT CODE: 1421157
Snapshot: Europe In-Car Payment Market and Trends 2024
“European car manufacturers are partnering with payment firms and non-traditional players to embed in-car payments into the driving experience:” new yStats.com report.
Europe's automotive industry is undergoing a significant transformation as car owners increasingly adopt in-car payments for services
Europe's automotive industry is undergoing a significant transformation as car owners increasingly adopt in-car payments for services. Manufacturers are integrating voice assistant technology to facilitate ordering and payment for drive-through and other services. Toll payments are evolving with the European Electronic Toll Service, while contactless parking payment services are becoming widespread through initiatives like Apcoa's offerings in 13 European countries.
European car manufacturers are teaming up with payment firms and unconventional entities like parking lots and gas stations to integrate in-car payments seamlessly. Mercedes Benz Group and Visa launched MercedesPay, enabling in-car parking payments across 14 European countries and 80,000 lots. In Germany, some users are even employing biometric authentication for added convenience.
Germany shows high interest in using car displays for in-car payments, especially for parking and refueling
A recent survey in Germany indicates strong interest in utilizing car displays for in-car payments, particularly for parking (74%) and refueling (72%). However, respondents express concerns about payment security and data privacy. Despite these worries, car manufacturers are dedicated to offering secure and user-friendly solutions, revolutionizing the driving experience and mobility.
Table of Contents
1. Management Summary
2. Global
- Overview of In-Car Payment Solutions and Trends, June 2023 (1 of 4)
- Overview of In-Car Payment Solutions and Trends, June 2023 (2 of 4)
- Overview of In-Car Payment Solutions and Trends, June 2023 (3 of 4)
- Overview of In-Car Payment Solutions and Trends, June 2023 (4 of 4)
- Total Value Created By Connected Car Use Cases, in USD billion, 2020 & 2030f
- Number of Connected Cars in Service, in millions, 2023e & 2027f
- Share of OEMs Investing or Planning to Invest in Connected Car Services in the Next 2 Years, in %, May 2022
- Connected Car Penetration Rate, by Countries, in %, Q4 2022
- Connected Car Penetration Rate, in %, Q4 2022
- Share of Motorists Who Value In-Car Integrated Parking Services & Those Who Cite In-Car Payments as a Solution to Inaccurate Parking Information, in %, May 2023
- Share of Respondents Who Value Vehicle Centric In-Car Payments vs Those Who Want Single Sign-on Access Across Providers, in %, May 2023
- Top Activities For Which Respondents Lean Towards In-Car Payments, in % of Respondents, May 2023
- Share of EV Drivers Who Regarded In-Car Activations and Payments for Charging as Important Standalone Features & Share of EV Respondents Preferring Vehicles With Park and Charge Enabling Them to Locate and Pay From the Car in %, May 2023
- Share of Respondents For Whom In-Car Payments is an Important Feature of Connected Cars, in %, Q4 2022
- Share of Potential Users Who Believe In-Car Payment to Be Key Competitive Advantage of Manufacturers, by Selected Countries, in %, February 202
3. Europe
- 3.1. Regional
- Overview of In-Car Payment Solutions and Trends, May 2023 (1 of 3)
- Overview of In-Car Payment Solutions and Trends, May 2023 (2 of 3)
- Overview of In-Car Payment Solutions and Trends, May 2023 (3 of 3)
- Overview of In-Car Payment Regulatory Environment, July 2023
- 3.2. UK
- Benefits of Connected Cars, in % of Respondents, March 2022
- 3.3. Germany
- Top Benefits and Concerns of Connected Cars Among Respondents, in % of Respondents, March 2022
- Share of Drivers Who Can Imagine Shopping and Paying Directly via Display in the Vehicle, in %, September 2022
- Preferred Car Related Services For Which Drivers Are Willing to Pay Using In-Car Payments, in %, September 2022
- Top Concerns That Respondents Who Rejected In-Car Commerce Have, in % of Respondents, September 2022
- Level of Consumer Interest in Select Connected Car Features, in % of Respondents, 2022
