Consumer Finance Market 2022 Share and Growth for Business Development – Bank of America, Barclays, BNP Paribas, China Construction Bank
Consumer credit refers to short and medium term personal loans taken out by individuals to finance the purchase of goods and services for personal consumption. A financing commission is invoiced for the sanction of credit or the extension of existing credit which can be presented in the form of a cash loan or by a seller in the form of a sales credit. They are generally available in the form of non-revolving loans which are repaid in a specific number of payments and revolving loans which include car loans, consumer goods, home repairs and personal loans.
The global consumer credit market reached a value of US$10.45 billion in 2021 and expects the market to reach US$13.96 billion by 2027 at a CAGR of 5% in 2022-2027.
The global consumer credit market The research report published by Market Insight Reports uncovers the current outlook in global and key regions from the perspective of key players, countries, product types and end industries. This report studies the major players in the global market and divides the market into several parameters.
This Consumer Credit Market research report highlights the competitive landscape of the industries to understand the competition on an international level. This report study describes the projected growth of the global market for the coming years from 2022 to 2027. This research report has been accumulated on the basis of static and dynamic views of the companies.
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High Key players Profiled in this report are: 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. and others.
The significant growth in the banking, financial services and insurance (BFSI) sector is one of the key factors creating a positive outlook for the market. Additionally, the strong economic growth of micro-enterprises, especially in developing countries, is also driving the growth of the market. Banks and other financial institutions are investing in micro, small and medium enterprises (MSMEs) to minimize the credit gap with local suppliers. Additionally, consumer banking professionals are embracing credit data that processes information related to cash flow and portfolio-level analytics. Credit data in such cases helps manage individual credit files, real-time pricing and capital management of multi-asset portfolios and minimize enterprise-wide risk through consistency, automation and transparency. Additionally, the growing use of social media platforms by consumer credit agencies for better connectivity and market penetration is contributing to the growth of the market. These platforms help expand the consumer base, launch media campaigns, and launch new products..
Key Market Segmentation:
Breakdown by type of loan:
Breakdown by issuer:
Banks and financial companies
Various regional and national analyzes covered:
Region included are: North America, Europe, Asia-Pacific, Oceania, South America, Middle East and Africa
Breakdown at country level: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia , France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Proposed Substantial Features and Report Highlights:
– Detailed overview of the Consumer Credit market
– Changing industry market dynamics
– In-depth market segmentation by type, application, etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Consumer Credit market
– Strategies of key players and product offerings
– Potential and niche segments/regions showing promising growth
– A neutral outlook on the performance of the consumer credit market
– Information of consumer credit market players to sustain and strengthen their footprint
– What are the market drivers explained in the report?
The research includes historical data from 2017 to 2022 and forecast to 2027, making the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in easily accessible and clearly presented documents. tables and graphs.
Reasons to buy
- Gain an up-to-date understanding of the overall consumer credit market landscape, both at a broad and granular level; it also provides a very accessible reference that is useful in any strategic decision-making process.
- Benchmark key therapeutic areas and indications in terms of number of Consumer Credit products and level of innovation and assess own strategic positioning in this context.
- Understand the contemporary role and importance of radical and incremental innovation in different fields and indications.
- Make key decisions about the role of innovation within own consumer credit
Explore the full report with detailed table of contents here:
Global Consumer Credit Market TOC Strategic Elements:
Chapter 1: Overview of the consumer credit market
Chapter 2: Global Consumer Credit Market Competition, Profiles/Analysis, Strategies
Chapter 3: Global Consumer Credit Capacity, Production, Revenue (Value) by Region (2017-2022)
Chapter 4: Global Consumer Credit Supply (Production), Consumption, Export, Import by Region (2017-2022)
Chapter 5: Regional Highlights of the Global Consumer Credit Market
Chapter 6: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 7: Marketing Strategy Analysis, Distributors/Traders
Chapter 8: Analysis of market effect factors
Chapter 9: Market decisions for the current scenario
Chapter 10: Global Consumer Credit Market Forecast (2022-2027)
Chapter 11: Case studies
Chapter 12: Research results and conclusion
Conclusion: At the end of the consumer credit market report, all the results and estimates are given. It also includes key drivers and opportunities along with regional analysis. Segment analysis also provides in terms of type and application both.
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