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Credit Cards in Australia - Market Summary, Competitive Analysis and Forecast to 2025

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    Report

  • 41 Pages
  • March 2021
  • Region: Australia
  • MarketLine
  • ID: 5350616
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Credit Cards in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The credit cards profile covers the consumer credit cards market.
  • The Australian credit cards sector had total balances outstanding of $28.5bn in 2020, representing a compound annual rate of change (CARC) of -3.7% between 2016 and 2020.
  • Sector consumption volume increased with a CAGR of 5.1% between 2016 and 2020, to reach a total of 2.9 billion number of credit card transactions in 2020.
  • The Australian sector’s decline was mostly due to the 0.8% interchange fee cap on credit cards introduced in July 2017, which had a great impact on premium credit cards.

Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the credit cards market in Australia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in Australia
  • Leading company profiles reveal details of key credit cards market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Australia credit cards market with five year forecasts by both value and volume

Reasons to Buy
  • What was the size of the Australia credit cards market by value in 2020?
  • What will be the size of the Australia credit cards market in 2025?
  • What factors are affecting the strength of competition in the Australia credit cards market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Australia's credit cards market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths/weaknesses of the leading players?
7.4. What are the main challengers to the incumbents?
8 Company Profiles
8.1. Australia and New Zealand Banking Group Ltd
8.2. Westpac Banking Corp
8.3. National Australia Bank Ltd
8.4. Commonwealth Bank of Australia
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Australia credit cards market value: $ billion, 2016-20
Table 2: Australia credit cards market volume: million number of credit card transactions, 2016-20
Table 3: Australia credit cards market geography segmentation: $ billion, 2020
Table 4: Australia credit cards market value forecast: $ billion, 2020-25
Table 5: Australia credit cards market volume forecast: million number of credit card transactions, 2020-25
Table 6: Australia and New Zealand Banking Group Ltd: key facts
Table 7: Australia and New Zealand Banking Group Ltd: Annual Financial Ratios
Table 8: Australia and New Zealand Banking Group Ltd: Key Employees
Table 9: Westpac Banking Corp: key facts
Table 10: Westpac Banking Corp: Annual Financial Ratios
Table 11: Westpac Banking Corp: Key Employees
Table 12: National Australia Bank Ltd: key facts
Table 13: National Australia Bank Ltd: Annual Financial Ratios
Table 14: National Australia Bank Ltd: Key Employees
Table 15: Commonwealth Bank of Australia: key facts
Table 16: Commonwealth Bank of Australia: Annual Financial Ratios
Table 17: Commonwealth Bank of Australia: Key Employees
Table 18: Australia size of population (million), 2016-20
Table 19: Australia GDP (constant 2005 prices, $ billion), 2016-20
Table 20: Australia GDP (current prices, $ billion), 2016-20
Table 21: Australia inflation, 2016-20
Table 22: Australia consumer price index (absolute), 2016-20
Table 23: Australia exchange rate, 2016-20
List of Figures
Figure 1: Australia credit cards market value: $ billion, 2016-20
Figure 2: Australia credit cards market volume: million number of credit card transactions, 2016-20
Figure 3: Australia credit cards market geography segmentation: % share, by value, 2020
Figure 4: Australia credit cards market value forecast: $ billion, 2020-25
Figure 5: Australia credit cards market volume forecast: million number of credit card transactions, 2020-25
Figure 6: Forces driving competition in the credit cards market in Australia, 2020
Figure 7: Drivers of buyer power in the credit cards market in Australia, 2020
Figure 8: Drivers of supplier power in the credit cards market in Australia, 2020
Figure 9: Factors influencing the likelihood of new entrants in the credit cards market in Australia, 2020
Figure 10: Factors influencing the threat of substitutes in the credit cards market in Australia, 2020
Figure 11: Drivers of degree of rivalry in the credit cards market in Australia, 2020

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Australia and New Zealand Banking Group Ltd
  • Westpac Banking Corp
  • National Australia Bank Ltd
  • Commonwealth Bank of Australia