Market Research Report
Consumer Lending in Denmark
|Consumer Lending in Denmark|
Published: November 26, 2020
Content info: 16 Pages
Delivery time: 1-2 business days
In 2020, the COVID-19 outbreak led to a sudden slowdown in consumer lending in Denmark. This was due to the immediate economic impact of the pandemic, which significantly reduced inclination among consumers to take on debt. Income losses and a high level of uncertainty over economic prospects as a result of the pandemic swiftly reduced demand for consumer lending.
Euromonitor International's Consumer Lending in Denmark 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
Plunging consumer confidence impacts demand for new loans
Shift towards online consumer lending further fuelled by crisis
Demand for mortgages remains strong despite crisis
What next for consumer lending?
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
KEY DATA FINDINGS
Uncertainty over COVID-19 limits loan demand and increases defaults
Rising economic uncertainty reduces appetite for large ticket items
Leading lenders experiencing growing pressure from smaller players
RECOVERY AND OPPORTUNITIES
Government programmes to support recovery of consumer lending
Pandemic further drives expansion of digital lending
Leading players face growing competition from peer-to-peer lending