This report provides strategists, marketers and senior management with the critical information they need to assess the global lending market as it emerges from the COVID-19 shut down.
The global lending market reached a value of nearly $6,875.4 billion in 2019, having increased at a compound annual growth rate (CAGR) of 4.9% since 2015. The market is expected to decline from $6,875.4 billion in 2019 to $6,751.2 billion in 2020 at a rate of -1.8%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5.5% from 2021 and reach $7,929.0 billion in 2023. The global lending market is expected to reach $8,871.2 billion in 2025, and $11,604.7 billion in 2030.
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The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider lending market, and compares it with other markets.
This report describes and evaluates the global lending market. It covers two five-year periods, one three-year period, and one six-year period including, 2015 to 2019, termed the historic period, 2019 through 2023, the forecast period, 2023-2025 forecast period, and 2025-2030 the forecast period.
Growth in the historic period resulted from strong economic growth in emerging markets, increase in internet penetration, rise in consumer spending, rise in construction activity, and increase in the number of vehicle loans. Political uncertainties and geopolitical tensions were that negatively affected growth in the historic period. Going forward, blockchain penetration across various sectors, and increasing higher education will drive the growth. Growing burden of non-performing assets (NPAs) could hinder the growth of the lending market in the future.
Western Europe was the largest region in the global lending market, accounting for 35.4% of the total in 2019. It was followed by Asia Pacific, North America, and then the other regions. Going forward, the fastest-growing regions in the lending market will be Africa, and Asia Pacific, where growth will be at CAGRs of 5.8% and 5.6% respectively. These will be followed by the Middle East, and South America where the markets are expected to grow at CAGRs of 3.5% and 3.4% respectively.
The lending market is highly fragmented, with a large number of small players. The top ten players constitute about 13.2% of the market. Major players in the market include Industrial and Commercial Bank of China Ltd. (IDCBY), China Construction Bank Corporation, Agricultural Bank of China, JPMorgan Chase & Co. (JPM), Bank of China Ltd. and others.
The top opportunities in the lending market segmented by type will arise in the household lending segment, which will gain $433.3 billion of global annual sales by 2023. The top opportunities in the lending market segmented by interest rate will arise in the fixed rate segment, which will gain $564.6 billion of global annual sales by 2023. The lending market size will gain the most in India at $169.2 billion.
Market-trend-based strategies for the lending market include consider investing in technologies to offer alternative lending services to boost profit margins, adopting digital technologies for faster approval of commercial loans and thereby enhance customer satisfaction, increasing the focus on participation lending to reduce risks and increase profitability, investing in LaaS platforms to capitalize on their rising popularity, and implementing the artificial intelligence in the operations for cost and time efficiency. Player-adopted strategies in the lending market include enhancing the customer services through providing IT based banking services, expanding lending services in rural areas through targeting the rural agricultural farmers, and expanding lending business through strategic collaborations & acquisitions.
Amidst the unprecedented outbreak of corona virus, governments across the world are advising people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has reduced economic activity across the world and increased the loan demand throughout the world owing to the economic recession. There has been an increase in demand for need-based loans, which are required to for emergencies or for financing immediate requirements. As people and companies around the world have faced a severe economic shock, which is expected increase the demand for loans.
To take advantage of the opportunities, the business research company recommends the lending market companies to focus on AI-based lending services, focus on new technology, offer participation lending services, expand in emerging markets, offer market-based pricing, offer risk-based pricing, leverage online portals to maximize reach and revenues, participate in events and focus on offering services to target a specific population sector.
Key Topics Covered:
1. Lending Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction 6.1. Segmentation by Geography 6.2. Segmentation by Type 6.3. Segmentation by Interest Rate
7. Lending Market Characteristics 7.1. Segmentation by Lending Type 7.1.1. Corporate Lending 7.1.2. Household Lending 7.1.3. Government Lending 7.2. Segmentation by Interest Rate Type 7.2.1. Fixed Rate 7.2.2. Floating Rate
10. Lending Market Customer Information 10.1. Competitive Lending and Banking Services 10.2. Mortgage Consumers of All Ages Demand An Online Approach 10.3. Supply and Demand For Loans To Enterprises and Households in Europe
11. Lending Market Trends and Strategies 11.1. Government Initiatives Promoting Household Borrowings 11.2. Alternative Lending Gaining Traction Among Users 11.3. Digitization in Lending 11.4. Growing Participation Lending 11.5. Increasing Popularity of Lending-As-A-Service Platform (LaaS) Online 11.6. Artificial Intelligence in Lending
12. Impact of COVID-19 On The Lending Market 12.1. Growing Demand For Loans 12.2. How Lending Companies Are Tackling The Virus
13. Global Lending Market Size and Growth 13.1. Market Size 13.2. Historic Market Growth, 2015-2019, Value ($ Billion) 13.2.1. Drivers of The Market 2015-2019 13.2.2. Restraints On The Market 2015-2019 13.3. Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Billion) 13.3.1. Drivers of The Market 2019-2023 13.3.2. Restraints On The Market 2019-2023
14. Lending Market, Regional Analysis 14.1. Global Lending Market, by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) 14.2. Global Lending Market, 2015-2023, Historic and Forecast, by Region 14.3. Global Lending Market, 2019-2023, Growth and Market Share Comparison, by Region
15. Global Lending Market Segmentation 15.1. Global Lending Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) 15.1.1. Household Lending 15.1.2. Corporate Lending 15.1.3. Government Lending 15.1.4. Global Corporate Lending Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million) 15.1.5. Long Term – Corporate Lending 15.1.6. Short Term – Corporate Lending 15.1.7. Working Capital 15.1.8. Global Household Lending Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million) 15.1.9. Home Loans 15.1.10. Other Household Loans 15.1.11. Personal Loans 15.1.12. Global Government Lending Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million) 15.1.13. Long Term – Government Lending 15.1.14. Short Term – Government Lending 15.2. Global Lending Market, Segmentation by Interest Rate, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) 15.2.1. Fixed Rate 15.2.2. Floating Rate
16. Global Lending Market Comparison with Macro Economic Factors 16.1. Lending Market Size, Percentage of GDP, Global 16.2. Per Capita Average Lending Market Expenditure, Global
17. Asia Pacific Lending Market
18. Western Europe Lending Market
19. Eastern Europe Lending Market
20. North America Lending Market
21. South America Lending Market
22. Middle East Lending Market
23. Africa Lending Market
24. Global Lending Market Competitive Landscape 24.1. Company Profiles 24.2. Industrial and Commercial Bank of China Ltd. (IDCBY) 24.2.1. Company Overview 24.2.2. Products and Services 24.2.3. Business Strategy 24.2.4. Financial Overview 24.3. China Construction Bank Corporation 24.3.1. Company Overview 24.3.2. Products and Services 24.3.3. Business Strategy 24.3.4. Financial Overview 24.4. Agricultural Bank of China 24.4.1. Company Overview 24.4.2. Products and Services 24.4.3. Business Strategy 24.4.4. Financial Overview 24.5. Bank of China ltd 24.5.1. Company Overview 24.5.2. Products and Services 24.5.3. Business Strategy 24.5.4. Financial overview 24.6. JPMorgan Chase & Co. (JPM) 24.6.1. Company Overview 24.6.2. Products and Services 24.6.3. Business Strategy 24.6.4. Financial Overview
25. Key Mergers and Acquisitions in The Lending Market 25.1. People’s Bank of China Acquired Stake in ICICI Bank 25.2. Credit Bank of Moscow (CBM) Acquired Rusnarbank 25.3. People’s Bank of China Housing Acquired Stake in Development Finance Corporation (HDFC) bank 25.4. Banca Transilvania Acquired Microinvest 25.5. Mitsubishi UFJ Financial Group Bank Acquired DVB Bank SE (DVB) 25.6. Bank of China Hong Kong Holdings (BOCHK) Acquired BOC HoChiMinh City and BOC Manila branches 25.7. Bank of China Hong Kong Holdings (BOCHK) Acquired Bank of China Thailand 25.8. Industrial and Commercial bank of China Ltd (ICBC) Acquired Standard Bank Plc.
26. Market Background: Lending and Payments Market 26.1. Lending and Payments Market Characteristics 26.2. Market Definition 26.3. Segmentation by Type 26.4. Global Lending and Payments Market, Segmentation by Type, 2015-2023, Value ($ Billion) 26.5. Global Lending and Payments Market, 2019, by Region, Value ($ Billion) 26.6. Global Lending and Payments Market, 2015-2023, Historic and Forecast, by Region
27. Lending Market Opportunities and Strategies 27.1. Global Lending Market in 2023 – Countries Offering Most New Opportunities 27.2. Global Lending Market in 2023 – Segments Offering Most New Opportunities 27.3. Global Lending Market in 2023 – Growth Strategies 27.3.1. Market Trend Based Strategies 27.3.2. Competitor Strategies
28. Lending Market, Conclusions and Recommendations 28.1. Conclusions 28.2. Recommendations 28.2.1. Product 28.2.2. Place 28.2.3. Price 28.2.4. Promotion 28.2.5. People
29. Appendix
Companies Mentioned
Industrial and Commercial Bank of China Ltd. (IDCBY)
TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets climbed to their best week of the year.
“It’s been almost a complete opposite or retracement of what we saw last week,” said Philip Petursson, chief investment strategist at IG Wealth Management.
In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.
The S&P/TSX composite index closed up 93.51 points at 23,568.65.
While last week saw a “healthy” pullback on weaker economic data, this week investors appeared to be buying the dip and hoping the central bank “comes to the rescue,” said Petursson.
Next week, the U.S. Federal Reserve is widely expected to cut its key interest rate for the first time in several years after it significantly hiked it to fight inflation.
But the magnitude of that first cut has been the subject of debate, and the market appears split on whether the cut will be a quarter of a percentage point or a larger half-point reduction.
Petursson thinks it’s clear the smaller cut is coming. Economic data recently hasn’t been great, but it hasn’t been that bad either, he said — and inflation may have come down significantly, but it’s not defeated just yet.
“I think they’re going to be very steady,” he said, with one small cut at each of their three decisions scheduled for the rest of 2024, and more into 2025.
“I don’t think there’s a sense of urgency on the part of the Fed that they have to do something immediately.
A larger cut could also send the wrong message to the markets, added Petursson: that the Fed made a mistake in waiting this long to cut, or that it’s seeing concerning signs in the economy.
It would also be “counter to what they’ve signaled,” he said.
More important than the cut — other than the new tone it sets — will be what Fed chair Jerome Powell has to say, according to Petursson.
“That’s going to be more important than the size of the cut itself,” he said.
In Canada, where the central bank has already cut three times, Petursson expects two more before the year is through.
“Here, the labour situation is worse than what we see in the United States,” he said.
The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.
The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.
The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.
— With files from The Associated Press
This report by The Canadian Press was first published Sept. 13, 2024.
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.