close
Eatery Business

Global Consumer Financing Markets (Secured Consumer Financing, Unsecured Consumer Financing), 2016-2020 & 2021-2026 – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE)–The Global Consumer Financing Market, By Type (Secured Consumer Financing, Unsecured Consumer Financing), By Secured Consumer Financing Product Type, By Unsecured Consumer Financing Product Type, By Region, Competition, Forecast, And Opportunities, 2026 “ Report was added to ResearchAndMarkets.com to offer.

The global consumer finance market is forecast to grow by a CAGR of 5% to over $ 1,306.10 billion by 2026

Consumer finance refers to the decisions households make over time about saving, borrowing, and investing. The global consumer finance market is growing steadily due to increasing disposable income and high economic growth. New entrants are rapidly expanding into this market, including large peer-to-peer lenders and all-digital players.

The consumer finance market is driven by the fact that consumer lives and financial situations are changing rapidly. No wonder, the consumer finance industry is one of the most synchronized and well-developed sectors in the world, among other sectors. Due to the continuous population growth and economic development, the production of consumer finance has experienced continuous growth.

In addition, the ready availability of various loans such as home loans, auto loans, and education loans from various public and private banks or financial services providers, as well as the rapid processing of loan applications, are expected to fuel the global consumer finance market growth.

The global consumer finance market can be divided into type, secured consumer finance product type, unsecured consumer finance product type, regions, and company. The global consumer finance market is divided into two broad segments: secured consumer finance and unsecured consumer finance.

Among these, the secured consumer finance market is the dominant segment compared to the unsecured consumer finance market, which accounted for more than 65% of the global consumer finance market in 2020. Due to the driving factors such as lower interest rates, higher credit limits, longer repayment periods, lower financial risk for the lender, etc.

The global consumer secured finance market has been further divided into home loans, auto loans, mortgage loans, and others. In 2020, home loans made up the bulk of the market share in the global consumer finance market due to factors such as continuously increasing demand, real estate affordability, affordable interest rates, etc. However, a car loan is expected to increase over the forecast period.

Based on the type of unsecured consumer finance product, the global consumer finance market is divided into permanent consumer finance, personal loans, credit cards, home finance loans, education loans, and others. The global consumer finance industry is experiencing profitable growth as a result of lifestyle changes and increased spending on consumer durables.

Better availability of credit information, continued subsidies from manufacturers, and increasing penetration of consumer durables are some of the factors that have supported the growth of consumer durable finance in the global consumer finance market.

The aim of the study:

  • To analyze the historical growth of the market size of the global consumer finance market from 2016 to 2020.

  • Estimation and forecast of the market size of the global consumer finance market from 2021 to 2026, and the growth rate to 2026.

  • Classification and forecast of the global consumer finance market by type, by type of secured consumer finance product, by type of unsecured consumer finance product, by region, and by company.

  • To identify a dominant region or segment in the global consumer finance market.

  • Identification of drivers and challenges for the global consumer finance market.

  • Studying competitive developments such as expansions, new product launches, mergers and acquisitions, etc. in the global consumer finance market.

  • Identify and analyze the profile of leading players in the global consumer finance market.

  • Identify the key sustainable strategies being followed by market participants in the global Consumer Finance Market.

Competitive landscape

The companies develop advanced technologies and introduce new services to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new service developments.

Some of the leading players in the global consumer finance market are

  • JPMorgan Chase & Co.

  • Citigroup, Inc.

  • Wells Fargo & Company

  • BNP Paribas

  • American Express company

  • HSBC Holdings plc

  • TD Bank, NA

  • Berkshire Hathaway Inc.

  • Bank of America Corporation

  • Industrial and Commercial Bank of China

Report scope:

Years considered for this report:

  • Historic years: 2016-2019

  • Base year: 2020

  • Estimated year: 2021

  • Forecast period: 2022-2026

Global Consumer Finance Market By Type:

  • Secured consumer finance

  • Unsecured consumer finance

  • Global Secured Consumer Financing Market Size by Product Type:

  • Home loan

  • Car loan

  • Mortgage loan

  • Other

Global Unsecured Consumer Financing Market Size, by Product Type:

  • Permanent financing for consumers

  • Private loan

  • Credit card

  • Home improvement loans

  • Education loan

  • Other

Global Consumer Finance Market By Region:

  • North America

  • United States of America

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • United Kingdom

  • Italy

  • Spain

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • South America

  • Brazil

  • Argentina

  • Colombia

  • Middle East and Africa

  • Saudi Arabia

  • United Arab Emirates

  • South Africa

  • Kuwait

For more information on this report, see https://www.researchandmarkets.com/r/qo3137


Source link

Richard Dement

The author Richard Dement