Consumer Credit Market 2021-26: Share, Size, Growth, Key Players and Forecast

NEW CITY, N.Y. - Aug. 17, 2021 - PRLog -- According to IMARC Group's latest report, the global consumer credit market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026.

Consumer credit stands for the personal loan granted to individuals for short- and intermediate-term to finance personal expenses. A finance fee is charged against a credit or an extension of existing credit presented in the form of a cash loan or sales credit. They can be non-revolving loans that are to be repaid in a fixed number of payments or revolving loans that include automobile, consumer goods, home repair, and personal loans.

Market Trends

Substantial growth in the banking, financial services, and insurance (BFSI) industry, along with the rapid economic development of micro-enterprises, are spurring the demand for consumer credit. Rising investments in micro, small, and medium enterprises (MSMEs) by banks and other financial institutions are further propelling the market growth. Moreover, the widespread adoption of credit data by consumer banking professionals to obtain cash flows and analytics related information at the portfolio level also contributes to the market growth. It helps in managing personal credit cases, real-time pricing, and capital management of multi-asset portfolios.

Request Free Sample Report: https://www.imarcgroup.com/consumer-credit-market/requestsample

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

Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/consumer-credit-market

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

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.

Contact US

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800