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Consumer Credit - Global Strategic Business Report

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    Report

  • 187 Pages
  • September 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139841
The global market for Consumer Credit is estimated at US$12.6 Billion in 2023 and is projected to reach US$19.4 Billion by 2030, growing at a CAGR of 6.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the consumer credit market is driven by several factors. Key among these is the increasing integration of technology in the financial sector, which simplifies the process of applying for and managing credit. As consumers become more digitally savvy, there is a growing preference for mobile and online platforms that offer convenient, fast, and transparent credit services. Additionally, economic expansion and the resulting increase in consumer confidence typically stimulate demand for credit. Changes in consumer behavior, particularly among younger demographics who favor immediate access to goods and services even if it means incurring debt, also contribute to market growth.

Moreover, the introduction of stricter credit regulations post-2008 has restored trust in the credit system, encouraging more consumers to take on credit. The global trend towards urbanization and an increase in the middle-class population in emerging markets are also significant growth drivers, as more individuals gain access to banking services and credit products. Collectively, these factors ensure a dynamic expansion of the consumer credit market, adapting to evolving economic landscapes and consumer needs.

Regional Analysis

Gain insights into the U.S. market, estimated at $3.3 Billion in 2023, and China, forecasted to grow at an impressive 9.8% CAGR to reach $4.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Consumer Credit Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Consumer Credit Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Consumer Credit Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Bank of America Corporation, Barclays plc., BNP Paribas SA, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 69 Featured):

  • Bank of America Corporation
  • Barclays plc.
  • BNP Paribas SA
  • China Construction Bank Corp.
  • Citigroup, Inc.
  • Deutsche Bank AG
  • HSBC Holdings Plc
  • Industrial and Commercial Bank of China Limited
  • JPMorgan Chase & Co.
  • Mitsubishi UFJ Financial Group, Inc.
  • Wells Fargo & Company

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Consumer Credit - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Innovations in Fintech Propel Accessibility and Efficiency of Consumer Credit Services
  • Rising Consumer Spending Bolsters Demand for Credit Products
  • Credit Scoring Innovations Enhance Lending Decisions and Market Expansion
  • Digital Transformation in Banking Spurs Growth in Online and Mobile Credit Services
  • Consumer Demand for Flexible Repayment Options Generates Product Innovations
  • Integration of Blockchain for Secure and Transparent Credit Transactions Gains Traction
  • Growth in E-commerce and Online Shopping Drives Demand for Instant Credit Solutions
  • Shift Towards Personalized Credit Offers Based on Consumer Data Analysis
  • Emergence of Peer-to-Peer Lending Platforms Expands Consumer Credit Market
  • Adoption of AI in Credit Risk Assessment Enhances Loan Processing Efficiency
  • Global Increase in Entrepreneurial Activities Bolsters Need for Personal and Business Credit
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Consumer Credit by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Consumer Credit by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 3: World 16-Year Perspective for Consumer Credit by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • TABLE 4: World Consumer Credit Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • TABLE 5: USA Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 6: USA Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
CANADA
  • TABLE 7: Canada Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 8: Canada Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
JAPAN
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • TABLE 9: Japan Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 10: Japan Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
CHINA
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • TABLE 11: China Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 12: China Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
EUROPE
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • TABLE 13: Europe Recent Past, Current & Future Analysis for Consumer Credit by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 14: Europe Historic Review for Consumer Credit by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 15: Europe 16-Year Perspective for Consumer Credit by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
FRANCE
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • TABLE 16: France Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 17: France Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
GERMANY
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • TABLE 18: Germany Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 19: Germany Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ITALY
  • TABLE 20: Italy Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 21: Italy Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
UNITED KINGDOM
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • TABLE 22: UK Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 23: UK Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SPAIN
  • TABLE 24: Spain Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 25: Spain Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
RUSSIA
  • TABLE 26: Russia Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 27: Russia Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF EUROPE
  • TABLE 28: Rest of Europe Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 29: Rest of Europe Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ASIA-PACIFIC
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • TABLE 30: Asia-Pacific Recent Past, Current & Future Analysis for Consumer Credit by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 31: Asia-Pacific Historic Review for Consumer Credit by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 32: Asia-Pacific 16-Year Perspective for Consumer Credit by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
AUSTRALIA
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
  • TABLE 33: Australia Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 34: Australia Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
INDIA
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • TABLE 35: India Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 36: India Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SOUTH KOREA
  • TABLE 37: South Korea Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 38: South Korea Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF ASIA-PACIFIC
  • TABLE 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 40: Rest of Asia-Pacific Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
LATIN AMERICA
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • TABLE 41: Latin America Recent Past, Current & Future Analysis for Consumer Credit by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 42: Latin America Historic Review for Consumer Credit by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 43: Latin America 16-Year Perspective for Consumer Credit by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2024 & 2030
ARGENTINA
  • TABLE 44: Argentina Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 45: Argentina Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
BRAZIL
  • TABLE 46: Brazil Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 47: Brazil Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
MEXICO
  • TABLE 48: Mexico Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 49: Mexico Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF LATIN AMERICA
  • TABLE 50: Rest of Latin America Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 51: Rest of Latin America Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
MIDDLE EAST
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • TABLE 52: Middle East Recent Past, Current & Future Analysis for Consumer Credit by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 53: Middle East Historic Review for Consumer Credit by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 54: Middle East 16-Year Perspective for Consumer Credit by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2024 & 2030
IRAN
  • TABLE 55: Iran Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 56: Iran Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ISRAEL
  • TABLE 57: Israel Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 58: Israel Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SAUDI ARABIA
  • TABLE 59: Saudi Arabia Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 60: Saudi Arabia Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
UNITED ARAB EMIRATES
  • TABLE 61: UAE Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 62: UAE Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF MIDDLE EAST
  • TABLE 63: Rest of Middle East Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 64: Rest of Middle East Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
AFRICA
  • Consumer Credit Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
  • TABLE 65: Africa Recent Past, Current & Future Analysis for Consumer Credit by Segment - Consumer Credit - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 66: Africa Historic Review for Consumer Credit by Segment - Consumer Credit Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bank of America Corporation
  • Barclays plc.
  • BNP Paribas SA
  • China Construction Bank Corp.
  • Citigroup, Inc.
  • Deutsche Bank AG
  • HSBC Holdings Plc
  • Industrial and Commercial Bank of China Limited
  • JPMorgan Chase & Co.
  • Mitsubishi UFJ Financial Group, Inc.
  • Wells Fargo & Company

Table Information