Market Trend : Consumer Credit Market Globally Grow at a CAGR of 4.88% by Revenue During the Period 2017-2020

Albany, New York, June 14, 2017 : Consumer credit, also known as consumer debt, refers to debt incurred by individual customers during the purchase of goods or services. Consumer credit includes purchases that are made with lines of credit, credit cards, and loans. Basically, there are two kinds of consumer credit. These are revolving line of credit and non-revolving line of credit, which is also known as installment credit.

Technavios analysts forecast the global consumer credit market to grow at a CAGR of 4.88% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global consumer credit market for 2016-2020. To calculate the market size, the report considers the total consumer credit outstanding reported from the Americas, APAC, and EMEA.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Consumer Credit Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
BNP Paribas
Citigroup
HSBC
Industrial and Commercial Bank of China (ICBC)
JPMorgan Chase

Other prominent vendors
Bank of America
Barclays
China Construction Bank
Deutsche Bank
Mitsubishi UFJ Financial Group
Wells Fargo

Market driver
High economic growth in emerging markets for micro enterprises
For a full, detailed list, view our report

Market challenge
Lack of risk management and inadequate MIS
For a full, detailed list, view our report

Market trend
Leveraging social media channels for better market penetration and customer connectivity
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.