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PUBLISHER: IMARC | PRODUCT CODE: 1451330
PUBLISHER: IMARC | PRODUCT CODE: 1451330
Consumer Credit Market Report by Credit Type, Service Type, Issuer, Payment Method, and Region 2024-2032
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PAGES: 149 Pages
DELIVERY TIME: 2-3 business days
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The global consumer credit market size reached US$ 11.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.
Consumer credit refers to short- and intermediate-term personal loans that are taken by individuals to finance the purchase of commodities and services for personal consumption. A finance fee is charged for the sanction of credit or the extension of existing credit that can be presented in the form of a cash loan or by a seller in the form of sales credit. They are commonly available in the form of non-revolving loans that are repaid in a specific number of payments and revolving loans that include automobile, consumer good, home repair and personal loans.
Significant growth in the banking, financial services and insurance (BFSI) industry is one of the key factors creating a positive outlook for the market. Furthermore, high economic growth for micro-enterprises, especially in developing nations, is also providing a boost to the market growth. Banks and other financial institutions are investing in micro, small and medium enterprises (MSMEs) to minimize the credit gap with local vendors. Additionally, consumer banking professionals are adopting credit data that deals with the information related to cash flows and analytics at the portfolio level. Credit data in such instances aids in managing individual credit cases, real-time pricing and capital management of multi-asset portfolios and minimizing firm-wide risks through consistency, automation, and transparency. Moreover, the increasing use of social media platforms by consumer credit agencies for better market connectivity and penetration is contributing to the market growth. These platforms aid in expanding the consumer base, launching media campaigns, and conducting new product launches.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global consumer credit market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on credit type, service type, issuer and payment method.
Breakup by Credit Type:
Revolving Credits
Non-revolving Credits
Breakup by Service Type:
Credit Services
Software and IT Support Services
Breakup by Issuer:
Banks and Finance Companies
Credit Unions
Others
Breakup by Payment Method:
Direct Deposit
Debit Card
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Bank of America, Barclays, BNP Paribas, China Construction Bank, Citigroup, Deutsche Bank, HSBC, Industrial and Commercial Bank of China (ICBC), JPMorgan Chase, Mitsubishi UFJ Financial, Wells Fargo, etc.
Key Questions Answered in This Report
- 1. What was the size of the global consumer credit market in 2023?
- 2. What is the expected growth rate of the global consumer credit market during 2024-2032?
- 3. What are the key factors driving the global consumer credit market?
- 4. What has been the impact of COVID-19 on the global consumer credit market?
- 5. What is the breakup of the global consumer credit market based on the credit type?
- 6. What is the breakup of the global consumer credit market based on the service type?
- 7. What is the breakup of the global consumer credit market based on the issuer?
- 8. What is the breakup of the global consumer credit market based on the payment method?
- 9. What are the key regions in the global consumer credit market?
- 10. Who are the key players/companies in the global consumer credit market?
Product Code: SR112024A2291
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Consumer Credit Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Credit Type
- 6.1 Revolving Credits
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Non-revolving Credits
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Service Type
- 7.1 Credit Services
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Software and IT Support Services
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Issuer
- 8.1 Banks and Finance Companies
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Credit Unions
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Payment Method
- 9.1 Direct Deposit
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Debit Card
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Others
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Bank of America
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Barclays
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 BNP Paribas
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 China Construction Bank
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Citigroup
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Deutsche Bank
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 HSBC
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Industrial and Commercial Bank of China (ICBC)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 JPMorgan Chase
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Mitsubishi UFJ Financial
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Wells Fargo
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.1 Bank of America
Product Code: SR112024A2291
List of Figures
- Figure 1: Global: Consumer Credit Market: Major Drivers and Challenges
- Figure 2: Global: Consumer Credit Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Consumer Credit Market: Breakup by Credit Type (in %), 2023
- Figure 4: Global: Consumer Credit Market: Breakup by Service Type (in %), 2023
- Figure 5: Global: Consumer Credit Market: Breakup by Issuer (in %), 2023
- Figure 6: Global: Consumer Credit Market: Breakup by Payment Method (in %), 2023
- Figure 7: Global: Consumer Credit Market: Breakup by Region (in %), 2023
- Figure 8: Global: Consumer Credit Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 9: Global: Consumer Credit (Revolving Credits) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Consumer Credit (Revolving Credits) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Consumer Credit (Non-revolving Credits) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Consumer Credit (Non-revolving Credits) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Consumer Credit (Credit Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Consumer Credit (Credit Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Consumer Credit (Software and IT Support Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Consumer Credit (Software and IT Support Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Consumer Credit (Banks and Finance Companies) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Consumer Credit (Banks and Finance Companies) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Consumer Credit (Credit Unions) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Consumer Credit (Credit Unions) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Consumer Credit (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Consumer Credit (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Consumer Credit (Direct Deposit) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Consumer Credit (Direct Deposit) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Consumer Credit (Debit Card) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Consumer Credit (Debit Card) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Consumer Credit (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Consumer Credit (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: North America: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: North America: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: United States: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: United States: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Canada: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Canada: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Asia Pacific: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Asia Pacific: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: China: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: China: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Japan: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Japan: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: India: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: India: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: South Korea: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: South Korea: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Australia: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Australia: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Indonesia: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Indonesia: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Others: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Others: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Europe: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Europe: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Germany: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Germany: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: France: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: France: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: United Kingdom: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: United Kingdom: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Italy: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Italy: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Spain: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Spain: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Russia: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Russia: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Others: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Others: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Latin America: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Latin America: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Brazil: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Brazil: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Mexico: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Mexico: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Others: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Others: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Middle East and Africa: Consumer Credit Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Middle East and Africa: Consumer Credit Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Global: Consumer Credit Industry: SWOT Analysis
- Figure 78: Global: Consumer Credit Industry: Value Chain Analysis
- Figure 79: Global: Consumer Credit Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Consumer Credit Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Consumer Credit Market Forecast: Breakup by Credit Type (in Million US$), 2024-2032
- Table 3: Global: Consumer Credit Market Forecast: Breakup by Service Type (in Million US$), 2024-2032
- Table 4: Global: Consumer Credit Market Forecast: Breakup by Issuer (in Million US$), 2024-2032
- Table 5: Global: Consumer Credit Market Forecast: Breakup by Payment Method (in Million US$), 2024-2032
- Table 6: Global: Consumer Credit Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Consumer Credit Market Structure
- Table 8: Global: Consumer Credit Market: Key Players
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