Global Consumer Finance Market Outlook to 2025

Strategic Insights -

The consumer finance market is expected to experience significant growth due to rising consumer spending on goods and services, increased production capacity, and technological advancements. The market is driven by increasing demand for digital audit and advisory services, as well as the need for full-spectrum consumer lending asset classes. Key players in the market include BNP Paribas, Citigroup, HSBC, Industrial and Commercial Bank of China, and JPMorgan Chase, among others.

Key Takeaways:

  • The global consumer finance market is expected to reach $10.3 trillion by 2025, growing at a CAGR of 10.5% from 2020 to 2025.
  • Unsecured consumer finance segment is expected to dominate the market, with a share of 55.2% in 2020, driven by the growth of collateral loans, housing loans, and auto loans.
  • Secured consumer finance segment is expected to grow at a CAGR of 12.1% from 2020 to 2025, driven by the increasing demand for personal loans, home improvement loans, credit cards, and education loans.
  • The global consumer finance market is expected to be dominated by the banking segment, accounting for 55% of the market share in 2020, followed by financial institutes and other applications.
  • Cloud deployment type is expected to grow at a CAGR of 13.4% from 2020 to 2025, driven by the increasing adoption of cloud-based technologies in the consumer finance industry.
  • North America is expected to be the largest market, accounting for 35% of the global market share in 2020, followed by Europe and Asia-Pacific.
  • The global consumer finance market is expected to be driven by the increasing demand for digital financial services, growing use of credit cards, and promotional offers.

Statistics:

  • Global consumer finance market share by type (2020): Unsecured consumer finance (55.2%), Secured consumer finance (44.8%)
  • Global consumer finance market share by application (2020): Banking (55%), Financial Institutes (30%), Others (15%)
  • Cloud deployment type in the global consumer finance market (2020): On-premises (60%), Cloud (40%)
  • Regional market share in the global consumer finance market (2020): North America (35%), Europe (25%), Asia-Pacific (20%), Others (20%)
  • CAGR of global consumer finance market (2020-2025): 10.5%
  • CAGR of unsecured consumer finance segment (2020-2025): 11.8%
  • CAGR of secured consumer finance segment (2020-2025): 12.1%

Sources:

  • Advance Market Analytics (AMA)
  • BNP Paribas
  • Citigroup
  • HSBC
  • Industrial and Commercial Bank of China
  • JPMorgan Chase
  • Bank of America
  • Barclays
  • Bajaj Capital
  • Birla Global Finance
  • Global Consumer Finance Market Comprehensive Study (2020-2025) by AMA