Industry Background:
Consumer Finance is designed for both businesses and consumers. It also offers businesses of all size benefits that greatly from having an outside company manage payments and collections. Consumer finance market is expected to mark significant growth over forecasted period owing to increasing consumers spending on rise in goods production and services capacity that simultaneously increased the marginal productivity and technological advancement. There has been significant rise in number of people are in mortgage with figure stood up to 10 million in United States alone in 2014, the future for consumer finance looks promising. This result in rising popularity of digital audit and advisory services platforms and escalating need for full spectrum of consumer lending asset classes of finance landscape may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | BNP Paribas (France), Citigroup (United States), HSBC (United Kingdom), Industrial and Commercial Bank of China (China), JPMorgan Chase (United States), Bank of America (United States), Barclays (United Kingdom), Bajaj Capital (India) and Birla Global Finance (India) |
According to AMA, the market for Consumer Finance is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Rapid Urbanization and Digitalization Leads to Boost the Consumer Finance Market. and Increase in Per Capita Income Fuelled up the Consumer Finance Market..
Globally, a noticeable market trend is evident Value Oriented Consumers
The Financials sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as BNP Paribas (France), Citigroup (United States), HSBC (United Kingdom), Industrial and Commercial Bank of China (China), JPMorgan Chase (United States), Bank of America (United States), Barclays (United Kingdom), Bajaj Capital (India) and Birla Global Finance (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2018, Capital Float acquired a personal finance management App “Walnut” with a deal of USD 30 Million. This acquisition is beneficial in providing Consumer finance in the areas of education, wellness, elective healthcare, fitness and consumer durables.
In July 2018, Jana Small Finance Bank launched a 2-wheeler loan products which is beneficial in providing loan products. It also offers designed products such as agri, individual and business loans.
Influencing Trend:
Value Oriented Consumers and Collaboration and Tie Up Of Leading Players
Market Growth Drivers:
Rapid Urbanization and Digitalization Leads to Boost the Consumer Finance Market. and Increase in Per Capita Income Fuelled up the Consumer Finance Market.
Challenges:
Limitation on the Home Lending Services Span Strategy are Anticipated to Challenge the Market.
Restraints:
Credit Risk Associated with Consumer Finance Hampers the Market. and Increase Proportion Of Short Term and Low Ticket Size Consumption Restrain the Market.
Opportunities:
Proliferation of Credit Cards use and Promotional Offers Leads to Grow the Consumer Finance Market. and Upsurge Demand of End-To-End Loan Cycle, Collections and Capital Markets.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Consumer Finance Market
- Analysis about New Entrants in Consumer Finance Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Consumer Finance Study Sheds Light on
The Consumer Finance Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Consumer Finance industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Consumer Finance industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.