Market Overview:
The global consumer finance market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for unsecured and secured consumer finance products by banking and non-banking institutions across the globe. In terms of type, the unsecured consumer finance segment is projected to account for a larger share of the global market during the forecast period. This can be attributed to factors such as easy availability and low interest rates on these products when compared with other forms of financing available in the market.
Product Definition:
Consumer finance is the provision of financial services to consumers. These services can include lending, insurance, and investment products. The purpose of consumer finance is to provide access to these services for people who may not have other means of obtaining them. This can be important for people who need credit to buy a car or a house, or who need insurance Coverage for their family.
Unsecured Consumer Finance:
Unsecured consumer finance is also known as check advance or cash advance. It is a form of credit where the terms and conditions are based on the income of the borrower. Unsecured consumer finance includes all types of credit which are extended to consumers who do not possess any type of collateral for securing an extension in terms of payment, value or both.
Secured Consumer Finance:
Secured consumer finance is a type of credit that requires the buyer to post an upfront deposit with the seller. The amount can vary between USD 100 and USD 25,000. The buyer usually has to pay interest on these deposits which is paid by using the income from his/her regular job or through other means such as alimony or child support.
The secured consumer finance market includes both retail and commercial lending activities.
Application Insights:
The banking application segment led the global consumer finance market in 2017. The segment is expected to expand at a CAGR of XX% over the forecast period owing to an increase in retail deposits and other financial resources, which, in turn, will fuel investments for new technologies and services for consumers.
Banks are increasingly using consumer loans as a source of funding for small business owners who cannot get conventional bank loans because of their credit ratings or lack thereof. Consumer loans also help banks reach out to high-risk customers that have been avoiding traditional lenders due to stringent lending policies followed by these institutions. These factors are anticipated to drive investments by banks on various products such as unsecured personal loans and secured personal loan among others over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of players such as American Express, Bank Of America, Citigroup, JPMorgan Chase & Co., and Wells Fargo. These companies are offering various financial services such as consumer credit cards and loans to individuals across the U.S.
Asia Pacific is expected to witness significant growth during the forecast period owing to increasing disposable income levels among consumers coupled with rising adoption of secured and unsecured consumer finance products in emerging countries such as China and India respectively.
Growth Factors:
- Increasing urbanization and disposable income: The global consumer finance market is expected to grow at a CAGR of more than 10% during the forecast period. This is mainly due to the increasing urbanization and disposable income across the world.
- Rising demand for credit cards: Credit cards are one of the most popular forms of consumer finance, and their demand is expected to rise in the coming years owing to factors such as increasing online shopping and growing awareness about credit facilities among consumers.
- Proliferation of digital channels: The growth of digital channels has led to an increase in convenience and accessibility for consumers, which is driving their adoption of consumer finance products/services offered through these channels.
- Growing focus on risk management: Banks are increasingly focusing on risk management while offering consumer finance products, which is resulting in increased adoption by consumers across different geographies .
Scope Of The Report
Report Attributes
Report Details
Report Title
Consumer Finance Market Research Report
By Type
Unsecured Consumer Finance, Secured Consumer Finance
By Application
Banking, Finance Corpration
By Companies
Bajaj Capital, Birla Global Finance, Housing Development Finance Corporation, ICICI, LIC Housing Finance, L&T Finance, Mahindra & Mahindra Financial Services, Muthoot Finance, Cholamandalam, Tata Capital
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Consumer Finance Market Report Segments:
The global Consumer Finance market is segmented on the basis of:
Types
Unsecured Consumer Finance, Secured Consumer Finance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Finance Corpration
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bajaj Capital
- Birla Global Finance
- Housing Development Finance Corporation
- ICICI
- LIC Housing Finance
- L&T Finance
- Mahindra & Mahindra Financial Services
- Muthoot Finance
- Cholamandalam
- Tata Capital
Highlights of The Consumer Finance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Unsecured Consumer Finance
- Secured Consumer Finance
- By Application:
- Banking
- Finance Corpration
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Consumer Finance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Consumer finance is a term used to describe the various products and services that are available to help consumers manage their money. These products and services can include loans, credit cards, mortgages, and other forms of borrowing.
Some of the major players in the consumer finance market are Bajaj Capital, Birla Global Finance, Housing Development Finance Corporation, ICICI, LIC Housing Finance, L&T Finance, Mahindra & Mahindra Financial Services, Muthoot Finance, Cholamandalam, Tata Capital.
The consumer finance market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Consumer Finance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Consumer Finance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Consumer Finance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Consumer Finance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Consumer Finance Market Size & Forecast, 2020-2028
4.5.1 Consumer Finance Market Size and Y-o-Y Growth
4.5.2 Consumer Finance Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Unsecured Consumer Finance
5.2.2 Secured Consumer Finance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Finance Corpration
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Consumer Finance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Consumer Finance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Unsecured Consumer Finance
9.6.2 Secured Consumer Finance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Finance Corpration
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Unsecured Consumer Finance
10.6.2 Secured Consumer Finance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Finance Corpration
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Unsecured Consumer Finance
11.6.2 Secured Consumer Finance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Finance Corpration
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Unsecured Consumer Finance
12.6.2 Secured Consumer Finance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Finance Corpration
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Unsecured Consumer Finance
13.6.2 Secured Consumer Finance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Finance Corpration
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Consumer Finance Market: Competitive Dashboard
14.2 Global Consumer Finance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bajaj Capital
14.3.2 Birla Global Finance
14.3.3 Housing Development Finance Corporation
14.3.4 ICICI
14.3.5 LIC Housing Finance
14.3.6 L&T Finance
14.3.7 Mahindra & Mahindra Financial Services
14.3.8 Muthoot Finance
14.3.9 Cholamandalam
14.3.10 Tata Capital
