openPR Logo
Press release

Personal Loans Market by Manufacturers, Regions, Type and Application, Forecast To 2030

10-12-2021 02:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Personal Loans Market by Manufacturers, Regions, Type

A lead analyst at AMR highlighted the personal loans market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period, due to increase in demand for personal loans products by individuals to improve their standards of living.
Allied Market Research published a research report on the personal loans market. The findings of the report states that the global market for personal loans generated $47.79 billion in 2020, and is projected to reach $719.31 billion by 2030, witnessing a CAGR of 31.7% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

๐‚๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐๐ƒ๐… @ https://www.alliedmarketresearch.com/request-sample/7945

The report provides insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Low-interest rates & high borrowing limits and ease in management of payments as compared to several credit cards with different interest rates fuel the growth of the global personal loans market. On the other hand, surge in number of bad debts among individuals and high amount of penalties impede the market growth. However, digitalized business operations with adoption & implementation of technologies such as chatbots, big data analytics, internet of things (IoT), and artificial intelligence (AI) are expected to create lucrative opportunities in the coming years.

Download sample pages:
https://www.linkedin.com/feed/update/urn:li:activity:6851088835883896832

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the personal loans market globally. The outbreak of the pandemic led to an acute financial crisis, massive unemployment, and salary reduction among individuals. This, in turn, gave way to a steep decrease in demand for personal loans. In addition, the repayment and EMIs were also delayed by individuals, especially during the initial phase. Moreover, government authorities such as the Federal Reserve System in the U.S. reduced the interest rates near zero during the pandemic to encourage borrowers to avail of loans. At the same time, the global situation is also being ameliorated and the market is anticipated to revive soon.

โ€œdue to job insecurity & economic uncertainty, which is faltering consumer confidence; the COVID-19 pandemic has drastically reduced demand for personal loans combined with a contraction in the supply of credit across several lenders in the market.โ€ said Pramod Borasi, Research Analyst, BFSI at Allied Market Research.

The report offers detailed segmentation of the global personal loans market based on type, age, marital status, employment status, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

Download brochure:
https://www.facebook.com/alliedmarketresearch/photos/a.228006404029264/2051032415059978/


On the basis of type, the P2P marketplace segment held the highest share in 2020, contributing to nearly three-fourths of the global personal loans market, and is projected to retain its dominance during the forecast period. The same segment is also expected to cite the fastest CAGR of 32.2% from 2021 to 2030.

On the basis of employment status, the salaried segment accounted for the major share in 2020, holding more than three-fourths of the global personal loans market, and is expected to rule the roost, in terms of revenue, during the forecast period. The business segment, however, is anticipated to portray the fastest CAGR of 34.2% from 2021 to 2030.

On the basis of region, North America accounted for more than three-fourths of the global personal loans market, and is anticipated to continue its leadership status by 2030. The region across Asia-Pacific, on the other hand, is expected to showcase the fastest CAGR of 39.9% during the forecast period.

Sample insight: https://twitter.com/Allied_MR/status/1445324635705421827

The leading market players analyzed in the global personal loans market report include Avant, LLC, Barclays PLC, DBS Bank Ltd, Goldman Sachs, Wells Fargo, Prosper Funding LLC, Social Finance, Inc., American Express, Truist Financial Corporation, and LendingClub Bank.

David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Personal Loans Market by Manufacturers, Regions, Type and Application, Forecast To 2030 here

News-ID: 2426261 • Views: โ€ฆ

More Releases from Allied Market Research

Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
๐๐š๐ง๐จ๐ฌ๐š๐ญ๐ž๐ฅ๐ฅ๐ข๐ญ๐ž ๐š๐ง๐ ๐Œ๐ข๐œ๐ซ๐จ๐ฌ๐š๐ญ๐ž๐ฅ๐ฅ๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ by End User (Civil, Government, Commercial, and Military), Application (Communications, Earth Observation, Space Science, Technology Demonstration, and Technology Development), and Orbit Type (Non-Polar Inclined, Polar, and Sun-Synchronous): Global Opportunity Analysis and Industry Forecast, 2021-2030." As per the report, the global nanosatellite and microsatellite industry was accounted for $2.23 billion in 2020, and is expected to reach $8.69 billion by 2030, growing at a CAGR of 14.9%โ€ฆ
Anti-Drone Market is experiencing significant growth and is anticipated to attain a CAGR of 27.9% by the year 2031
Anti-Drone Market is experiencing significant growth and is anticipated to attai โ€ฆ
๐€๐ง๐ญ๐ข-๐ƒ๐ซ๐จ๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ by Technology (Electronic System, Laser System, Kinetic System), by Application (Detection, Disruption), by End Use (Government, Military & Defense, Commercial), by Platform (Ground, Handheld, UAV Based): Global Opportunity Analysis and Industry Forecast, 2021- 2031". According to the report, the global anti-drone industry generated $1.3 billion in 2021 and is anticipated to generate $14.6 billion by 2031, witnessing a CAGR of 27.9% from 2022 to 2031. ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐๐จ๐ฐ:โ€ฆ
Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R โ€ฆ
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in termsโ€ฆ
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of โ€ฆ
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand forโ€ฆ

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.โ€ฆ
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:โ€ฆ
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Researchโ€™sโ€ฆ
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be moreโ€ฆ
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the countryโ€™s baby diaperโ€™s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled โ€œBaby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012โ€ฆ
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices andโ€ฆ