Market Research Report
Consumer Lending in France
|Published by||Euromonitor International||Product code||972723|
|Published||Content info||17 Pages
Delivery time: 1-2 business days
|Consumer Lending in France|
|Published: November 19, 2020||Content info: 17 Pages||
The emergence of COVID-19 in France and the subsequent lockdown beginning in March 2020 introduced by the government in an attempt to halt the spread of the virus weakened consumer sentiment due to rising unemployment and decreasing disposable incomes. During a crisis, the French are known for saving rather than spending wherever possible, and this was most notable in the declines for both outstanding balance and gross lending in 2020, mainly driven by the significantly weaker performance of con...
Euromonitor International's Consumer Lending in France report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Consumer Credit, Mortgages/Housing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
List OF CONTENTS AND TABLES
COVID-19 impact on consumer lending
COVID-19 country impact
Weak consumer sentiment despite financial assistance measures likely to limit early recovery of largest consumer credit category, card lending
Financial institutions tighten lending criteria in wake of rising unemployment and reduced capacity to repay loans
Dominant mortgages/housing fares better during pandemic
What next for consumer lending?
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
KEY DATA FINDINGS
COVID-19 and subsequent lockdown weakens consumer sentiment and reduces demand for gross lending, while financially-stressed consumers are forced to rely on short-term loans
Weakest performance for auto lending as car production falters during lockdown and consumers prioritise spending
Financial institutions introduce more stringent lending criteria when assessing applications in 2020 in the context of financial instability
RECOVERY AND OPPORTUNITIES
Consumer caution regarding over-indebtedness and ongoing stringent lending criteria dampens early forecast for gross lending
Reluctance to spend in early years of forecast period may slow economic recovery
Education lending remains underdeveloped in France