Press release
Consumer Credit Market Analysis 2023-2028, Industry Size, Share, Trends and Forecast
Consumer credit refers to a form of a loan or financial assistance provided to individuals for fulfilling their personal purchases or expenses. It is offered in the form of credit cards, personal and installment loans, and lines of credit. It is provided by banks, retailers, and credit unions, and borrowers must repay the amount with specific interest and fees after a certain period. It is primarily used by individuals for making expensive purchases, such as buying furniture, home appliances, cars, or items from luxury brands. It provides financial flexibility and helps make useful purchases without worrying about funds.
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Market Trends
At present, the increasing demand for consumer credit among the masses, as it provides convenience and helps build a strong credit score, represents one of the major factors influencing the market positively. Besides this, the rising online shopping activities of individuals to purchase goods and services at discounted prices is propelling the growth of the market. In addition, the growing popularity of digital payment apps to make convenient cashless transactions is offering a favorable market outlook. Apart from this, the increasing availability of cloud or digital consumer credit providers lending loans online is contributing to the growth of the market.
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/consumer-credit-market
List of Key Companies Covered in this Market Report:
Bank of America
Barclays
BNP Paribas
China Construction Bank
Citigroup
Deutsche Bank
HSBC
Industrial and Commercial Bank of China (ICBC)
JPMorgan Chase
Mitsubishi UFJ Financial
Wells Fargo
The report has segmented the market on the basis of credit type, consumer type, service type, issuer, payment method and geography.
Breakup by Credit Type:
Revolving Credits
Non-revolving Credits
Breakup by Consumer Type:
Individual
MSMEs
Large Enterprises
Breakup by Service Type:
Credit Services
Software and IT Support Services
Breakup by Issuer:
Banks and Finance Companies
Credit Unions
Others
Breakup by Payment Method:
Direct Deposit
Debit Card
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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