Banks in the United States

Key Highlights

• Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
• The US banking industry recorded assets of $23.50 trillion in 2024, representing a compound annual growth rate (CAGR) of 5.8% between 2019 and 2024.
• The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $17.80 trillion, equivalent to 75.7% of the industry's overall value.
• The US banking industry grew by 1.2% in 2024, primarily driven by the decline in bank lending rates, which reduces borrowing costs and encourages greater credit uptake. Lower lending rates stimulate demand for personal and business loans, leading to an expansion in the bank credit segment, which directly increases the total assets held by banks. According to Federal Reserve, the bank lending rate in the United States was reduced to 7.5% in December 2024, down from 8.5% in December 2023, facilitating broader access to credit.

Scope

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

Reasons to Buy

• What was the size of the United States banks market by value in 2024?
• What will be the size of the United States banks market in 2029?
• What factors are affecting the strength of competition in the United States banks market?
• How has the market performed over the last five years?
• Who are the top competitors in the United States's banks market?