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Global Credit Card Market 2022: By Size, Shar, CAGR, Trends And Growth Forecast To 2031
Credit Card Market
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The global credit card market report by the business research company the rising demand for credit cards to be a major growth driver for the credit card market. The rise in demand for consumer credit and the benefits offered by credit cards encourage individuals to use credit cards. According to TransUnion CIBIL Limited, an India-based credit information company, credit card debts and the number of accounts increased by 40.7% and 29.8%, respectively, with 44.5 million cards in circulation in 2019. Therefore, the rising demand for credit cards drives the growth of the credit card market.
The global credit card market is expected to grow from $99.08 billion in 2021 to $101.98 billion in 2022 at a compound annual growth rate (CAGR) of 2.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The credit card market is expected to grow to $106.67 billion in 2026 at a CAGR of 1.1%.
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Asia Pacific was the largest region in the credit card market in 2021. Western Europe was the second largest region in the credit card market. The regions covered in the credit card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players in the credit card market are Citibank, American Express Company, Mastercard Incorporated, Visa Inc., JPMorgan Chase & Co., Mango Financial Inc., BBVA Compass Bancshares Inc, Total System Services Inc, The PNC Financial Services Group Inc., and Capital One Financial Corporation.
The global credit card market is segmented -
1) By Type: Reward Card, Credit Builder Card, Travel Credit Card, Balance Transfer Card, Other Types
2) By Card Type: Base, Signature, Platinum
3) By Service Provider: Visa, Matercard, Rupay, Other Service Providers
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The Credit card market Report Contents Include
1. Executive Summary
2. Credit Card Market Characteristics
3. Credit Card Market Trends And Strategies
4. Credit Card Market - Macro Economic Scenario
5. Credit Card Market Size And Growth
......
26. Africa Credit Card Market
27. Credit Card Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Credit Card Market
29. Credit Card Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the credit card market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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