Consumer Finance Market

Consumer Finance Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Secured Consumer Finance, Unsecured Consumer Finance); By Secured Products (Housing Loan, Auto Loan, Mortgage Loan, Others); By Unsecured Products (Personal Loan, Credit Card, Home Improvement Loan, Education Loan, Others)

  • Published Date: March 2023
  • Report ID: BWC23185
  • Available Format: PDF
  • Page: 400

Report Overview

The Global Consumer Finance market is growing at a high rate owing to the quick acceptance of loan requests from several public and private banks or financial institutions, as well as the easy availability of various loans.

Global Consumer Finance Market – Industry Trends & Forecast Report, 2029

Global consumer finance market size was estimated at USD 1,221.38 billion in 2022. During the forecast period between 2023 and 2029, the global consumer finance market size is projected to grow at a CAGR of 7.07% reaching a value of USD 1,958.62 billion by 2029. Major growth factors for the global consumer finance market include the speedy approval of loan requests from several governmental and private banks or financial organizations, as well as the straightforward accessibility of different loans including house loans, car loans, and education loans. An increasing access to loans and credits through digital payment platforms is also offering lucrative growth opportunities to the global consumer finance market.

Consumer Finance Market

Global Consumer Finance Market – Overview

Consumer financial services are products and services including current and savings accounts, online payment options, credit and debit cards, mortgage and commercial loans, securitizations, etc. Consumer finance refers to the decisions that individuals and households make over time about borrowing, saving, and investing. These financial choices can be difficult and impact one's financial security both now and in the future. The loan procedure that takes place between a customer and a lender is referred to as consumer finance. The lender could occasionally be a bank or other financial organization. In other cases, the lender could be a company that grants internal credit in return for the consumer's patronage.

Global Consumer Finance Market

Growth Drivers

Growing Digital Banking

The major upheaval came with the introduction of digital lending applications, which transformed the traditional loan system into a digital platform and enabled users to receive rapid gratification and customized services. With faster service, simple enrollment, and safe transactions, the consumer finance market has become more accessible and practical for both lenders and borrowers as a result of its digital transformation. Furthermore, AI integration in these platforms is also gaining traction. Applications may follow user behavior patterns and choices using AI and analytics to build rapid search alternatives, make suggestions, and deliver pertinent customized offers.

Restraints

Rise in Customer Acquisition Cost Affecting Profit Margins

Costs associated with consumer credit might include interest rates and other fees. Consumers who have access to credit may spend more than they can afford. Missed payments and excessive debt might harm their credit and limit their future access to credit. Furthermore, most consumer financing solutions, particularly those that manage the procedure for you, are not free. For certain service providers, a set monthly cost is required, while for others, a percentage of each successful transaction is charged. These costs act as a major restraining factor for the global consumer finance market growth.

Impact of COVID-19 on Global Consumer Finance Market

The overall economic growth of the world was adversely affected by the COVID-19 pandemic. The economic downturn also affected the consumer finance market. In the medium and long term, COVID-19 is anticipated to have a major influence on banking and lending, compounding recent changes in consumer behavior, technological developments, and market investment and capital. Overall, banks saw a decline in demand for consumer loans as consumers adopted more prudent spending practices for large purchases and used government stimulus funds to settle outstanding debts.

Global Consumer Finance Market

Segmental Coverage

Global Consumer Finance Market – By Type

Based on type, the global consumer finance market is bifurcated into Secured Consumer Finance and Unsecured Consumer Finance segments. The secured consumer finance segment accounts for a higher market share. Due to the lender's reduced financial risk, secured loans often have lower interest rates than unsecured loans. Mortgages and home equity loans are examples of secured loans that let qualified borrowers deduct interest payments from their taxable income each year.

Global Consumer Finance Market

Global Consumer Finance Market – By Secured Products

Based on secured products, the global consumer finance market is segmented into Housing Loans, Auto Loans, Mortgage Loans, and others. The mortgage loans segment holds the highest share in the global consumer finance market. Lenders view these loans as "securable" since the borrower uses their home as collateral. The residence may go into foreclosure and the borrower may lose their house if they fail to repay the secured loan, which acts as a guarantee for the loan repayment.

Global Consumer Finance Market Share

Global Consumer Finance Market – By Unsecured Products

Based on unsecured products, the global consumer finance market is segmented into personal loans, credit cards, home improvement loans, education loans, and others. The personal loan segment accounts for the highest market share. Personal loans only need a little documentation to be submitted because they're unsecured loans. As opposed to house loans, personal loans do not require any asset verification from banks or other financial lending agencies, which is fueling its market growth. The education load also covers a substantial market share as it is reducing the strain on the consumers to liquidate their investments.

Global Consumer Finance Market Size

Global Consumer Finance Market – By Region

Geographically, the global consumer finance market covers five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominates the global consumer finance market. According to Simply Wall Street, the American consumer finance industry has registered 4.0% growth per year over the last three years and the companies have witnessed 8.8% revenue growth per year. However, the Asia Pacific region is projected to register the highest CAGR during the forecast period. According to new McKinsey Global Institute (MGI) research, this growth is primarily attributed to the consumer’s rising income levels.

Competitive Landscape

Major players operating in the global Consumer Finance market include Citigroup Inc., JPMorgan Chase & Co., Wells Fargo & Company, Bank of America Corporation, American Express Company, HSBC Holdings plc, Industrial and Commercial Bank of China, U.S. Bancorp, BNP Paribas, and TD Bank, N.A. These companies employ various strategies to further enhance their market share, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In March 2023 – Leasys and Free2move Lease announced their plans to combine their operations following the legally binding agreements signed in the first semester of 2022 to form a new mobility company that specializes in multi-brand operational leasing and in which Stellantis and Crédit Agricole Consumer Finance will each hold a 50% stake.

  • In March 2023 – Citi announced the completion of the sale of its Vietnam retail banking and consumer credit card businesses to United Overseas Bank Limited (UOB).

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period– 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Product/ Service Segmentation

Type, Secured Products, Unsecured Products, Region

Key Players

Citigroup Inc., JPMorgan Chase & Co., Wells Fargo & Company, Bank of America Corporation, American Express Company, HSBC Holdings plc, Industrial and Commercial Bank of China, U.S. Bancorp, BNP Paribas, TD Bank, N.A.

 

 

By Type

  • Secured Consumer Finance

  • Unsecured Consumer Finance

By Secured Products

  • Housing Loan

  • Auto Loan

  • Mortgage Loan

  • Others

By Unsecured Products

  • Personal Loan

  • Credit Card

  • Home Improvement Loan

  • Education Loan

  • Others

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Consumer Finance Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Affordable Interest Rates
        2. Growing Digital Banking
      2. Restraints
        1. Rise in Customer Acquisition Cost
      3.  Opportunities
        1. Rising Marketing Strategies
      4. Challenges
        1. Stringent Government Laws
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Consumer Finance Market Overview
    1. Market Size & Forecast, 20192029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
        1. Secured Consumer Finance
        2. Unsecured Consumer Finance
      2. By Secured Products
        1. Housing Loan
        2. Auto Loan
        3. Mortgage Loan
        4. Others
      3. By Unsecured Products
        1. Personal Loan
        2. Credit Card
        3. Home Improvement Loan
        4. Education Loan
        5. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  5. North America Consumer Finance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Secured Products
      3. By Unsecured Products
      4. By Country
        1. United States
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        2. Canada
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
  6. Europe Consumer Finance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Secured Products
      3. By Unsecured Products
      4. By Country
        1. Germany
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        2. United Kingdom
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        3. Italy
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        4. France
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        5. Spain
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        6. The Netherlands
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        7. Rest of Europe
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
  7. Asia-Pacific Consumer Finance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Secured Products
      3. By Unsecured Products
      4. By Country
        1. China
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        2. India
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        3. Japan
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        4. South Korea
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        5. Australia & New Zealand
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        6. Indonesia
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        7. Malaysia
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        8. Singapore
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        9. Philippines
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        10. Vietnam
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        11. Rest of APAC
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
  8. Latin America Consumer Finance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Secured Products
      3. By Unsecured Products
      4. By Country
        1. Brazil
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        2. Mexico
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        3. Argentina
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        4. Peru
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        5. Rest of LATAM
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
  9. Middle East & Africa Consumer Finance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Secured Products
      3. By Unsecured Products
      4. By Country
        1. Saudi Arabia
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        2. UAE
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        3. Qatar
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        4. Kuwait
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        5. South Africa
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        6. Nigeria
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        7. Algeria
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
        8. Rest of MEA
          1. By Type
          2. By Secured Products
          3. By Unsecured Products
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Consumer Finance Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Covid-19 on Global Consumer Finance Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Citigroup Inc.
    2. JPMorgan Chase & Co.
    3. Wells Fargo & Company
    4. Bank of America Corporation
    5. American Express Company
    6. HSBC Holdings plc
    7. Industrial and Commercial Bank of China
    8. U.S. Bancorp
    9. BNP Paribas
    10. TD Bank, N.A.
    11. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Global Consumer Finance Segmentation

Figure 2       Global Consumer Finance Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Global Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 5       Global Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 6       Global Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 7       Global Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 8       Global Consumer Finance Market Share, By Region, By Value, 2019–2029

Figure 9       North America Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 10     North America Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 11     North America Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 12     North America Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 13     North America Consumer Finance Market Share, By Country, By Value, 2019–2029

Figure 14     United States Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 15     United States Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 16     United States Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 17     United States Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 18     Canada Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 19     Canada Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 20     Canada Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 21     Canada Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 22     Europe Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 23     Europe Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 24     Europe Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 25     Europe Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 26     Europe Consumer Finance Market Share, By Country, By Value, 2019–2029

Figure 27     Germany Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 28     Germany Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 29     Germany Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 30     Germany Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 31     United Kingdom Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 32     United Kingdom Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 33     United Kingdom Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 34     United Kingdom Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 35     Italy Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 36     Italy Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 37     Italy Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 38     Italy Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 39     France Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 40     France Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 41     France Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 42     France Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 43     Spain Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 44     Spain Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 45     Spain Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 46     Spain Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 47     The Netherlands Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 48     The Netherlands Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 49     The Netherlands Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 50     The Netherlands Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 51     Rest of Europe Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 52     Rest of Europe Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 53     Rest of Europe Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 54     Rest of Europe Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 55     Asia-Pacific Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 56     Asia-Pacific Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 57     Asia-Pacific Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 58     Asia-Pacific Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 59     Asia-Pacific Consumer Finance Market Share, By Country, By Value, 2019–2029

Figure 60     China Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 61     China Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 62     China Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 63     China Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 64     India Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 65     India Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 66     India Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 67     India Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 68     Japan Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 69     Japan Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 70     Japan Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 71     Japan Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 72     South Korea Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 73     South Korea Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 74     South Korea Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 75     South Korea Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 76     Australia & New Zealand Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 77     Australia & New Zealand Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 78     Australia & New Zealand Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 79     Australia & New Zealand Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 80     Indonesia Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 81     Indonesia Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 82     Indonesia Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 83     Indonesia Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 84     Malaysia Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 85     Malaysia Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 86     Malaysia Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 87     Malaysia Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 88     Singapore Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 89     Singapore Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 90     Singapore Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 91     Singapore Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 92     Philippines Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 93     Philippines Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 94     Philippines Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 95     Philippines Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 96     Vietnam Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 97     Vietnam Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 98     Vietnam Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 99     Vietnam Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 100   Rest of APAC Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 101   Rest of APAC Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 102   Rest of APAC Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 103   Rest of APAC Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 104   Latin America Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 105   Latin America Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 106   Latin America Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 107   Latin America Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 108   Latin America Consumer Finance Market Share, By Country, By Value, 2019–2029

Figure 109   Brazil Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 110   Brazil Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 111   Brazil Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 112   Brazil Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 113   Mexico Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 114   Mexico Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 115   Mexico Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 116   Mexico Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 117   Argentina Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 118   Argentina Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 119   Argentina Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 120   Argentina Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 121   Peru Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 122   Peru Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 123   Peru Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 124   Peru Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 125   Rest of LATAM Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 126   Rest of LATAM Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 127   Rest of LATAM Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 128   Rest of LATAM Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 129   Middle East & Africa Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 130   Middle East & Africa Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 131   Middle East & Africa Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 132   Middle East & Africa Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 133   Middle East & Africa Consumer Finance Market Share, By Country, By Value, 2019–2029

Figure 134   Saudi Arabia Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 135   Saudi Arabia Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 136   Saudi Arabia Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 137   Saudi Arabia Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 138   UAE Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 139   UAE Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 140   UAE Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 141   UAE Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 142   Qatar Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 143   Qatar Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 144   Qatar Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 145   Qatar Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 146   Kuwait Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 147   Kuwait Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 148   Kuwait Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 149   Kuwait Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 150   South Africa Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 151   South Africa Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 152   South Africa Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 153   South Africa Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 154   Nigeria Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 155   Nigeria Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 156   Nigeria Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 157   Nigeria Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 158   Algeria Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 159   Algeria Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 160   Algeria Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 161   Algeria Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

Figure 162   Rest of MEA Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Figure 163   Rest of MEA Consumer Finance Market Share, By Type, By Value, 2019–2029

Figure 164   Rest of MEA Consumer Finance Market Share, By Secured Products, By Value, 2019–2029

Figure 165   Rest of MEA Consumer Finance Market Share, By Unsecured Products, By Value, 2019–2029

 

List of Tables

 

Table 1        Global Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 2        Global Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 3        Global Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 4        Global Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 5        Global Consumer Finance Market Size, By Region, By Value, 2019–2029

Table 6        North America Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 7        North America Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 8        North America Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 9        North America Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 10      North America Consumer Finance Market Size, By Country, By Value, 2019–2029

Table 11      United States Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 12      United States Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 13      United States Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 14      United States Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 15      Canada Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 16      Canada Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 17      Canada Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 18      Canada Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 19      Europe Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 20      Europe Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 21      Europe Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 22      Europe Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 23      Europe Consumer Finance Market Size, By Country, By Value, 2019–2029

Table 24      Germany Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 25      Germany Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 26      Germany Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 27      Germany Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 28      United Kingdom Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 29      United Kingdom Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 30      United Kingdom Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 31      United Kingdom Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 32      Italy Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 33      Italy Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 34      Italy Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 35      Italy Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 36      France Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 37      France Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 38      France Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 39      France Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 40      Spain Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 41      Spain Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 42      Spain Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 43      Spain Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 44      The Netherlands Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 45      The Netherlands Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 46      The Netherlands Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 47      The Netherlands Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 48      Rest of Europe Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 49      Rest of Europe Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 50      Rest of Europe Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 51      Rest of Europe Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 52      Asia-Pacific Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 53      Asia-Pacific Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 54      Asia-Pacific Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 55      Asia-Pacific Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 56      Asia-Pacific Consumer Finance Market Size, By Country, By Value, 2019–2029

 

Table 57      China Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 58      China Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 59      China Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 60      China Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 61      India Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 62      India Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 63      India Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 64      India Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 65      Japan Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 66      Japan Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 67      Japan Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 68      Japan Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 69      South Korea Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 70      South Korea Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 71      South Korea Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 72      South Korea Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 73      Australia & New Zealand Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 74      Australia & New Zealand Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 75      Australia & New Zealand Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 76      Australia & New Zealand Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 77      Indonesia Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 78      Indonesia Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 79      Indonesia Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 80      Indonesia Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 81      Malaysia Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 82      Malaysia Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 83      Malaysia Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 84      Malaysia Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 85      Singapore Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 86      Singapore Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 87      Singapore Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 88      Singapore Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 89      Philippines Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 90      Philippines Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 91      Philippines Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 92      Philippines Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 93      Vietnam Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 94      Vietnam Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 95      Vietnam Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 96      Vietnam Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 97      Rest of APAC Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 98      Rest of APAC Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 99      Rest of APAC Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 100    Rest of APAC Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 101    Latin America Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 102    Latin America Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 103    Latin America Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 104    Latin America Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 105    Latin America Consumer Finance Market Size, By Country, By Value, 2019–2029

Table 106    Brazil Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 107    Brazil Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 108    Brazil Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 109    Brazil Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 110    Mexico Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 111    Mexico Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 112    Mexico Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 113    Mexico Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 114    Argentina Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 115    Argentina Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 116    Argentina Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 117    Argentina Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 118    Peru Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 119    Peru Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 120    Peru Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 121    Peru Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 122    Rest of LATAM Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 123    Rest of LATAM Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 124    Rest of LATAM Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 125    Rest of LATAM Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 126    Middle East & Africa Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 127    Middle East & Africa Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 128    Middle East & Africa Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 129    Middle East & Africa Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 130    Middle East & Africa Consumer Finance Market Size, By Country, By Value, 2019–2029

Table 131    Saudi Arabia Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 132    Saudi Arabia Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 133    Saudi Arabia Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 134    Saudi Arabia Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 135    UAE Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 136    UAE Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 137    UAE Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 138    UAE Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 139    Qatar Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 140    Qatar Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 141    Qatar Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 142    Qatar Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 143    Kuwait Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 144    Kuwait Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 145    Kuwait Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 146    Kuwait Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 147    South Africa Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 148    South Africa Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 149    South Africa Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 150    South Africa Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 151    Nigeria Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 152    Nigeria Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 153    Nigeria Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 154    Nigeria Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 155    Algeria Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 156    Algeria Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 157    Algeria Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 158    Algeria Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 159    Rest of MEA Consumer Finance Market Size, By Value (USD Billion), 2019–2029

Table 160    Rest of MEA Consumer Finance Market Size, By Type, By Value, 2019–2029

Table 161    Rest of MEA Consumer Finance Market Size, By Secured Products, By Value, 2019–2029

Table 162    Rest of MEA Consumer Finance Market Size, By Unsecured Products, By Value, 2019–2029

Table 163    Citigroup Inc. Company Overview

Table 164    Citigroup Inc. Financial Overview

Table 165    JPMorgan Chase & Co. Company Overview

Table 166    JPMorgan Chase & Co. Financial Overview

Table 167    Wells Fargo & Company - Company Overview

Table 168    Wells Fargo & Company Financial Overview

Table 169    Bank of America Corporation Company Overview

Table 170    Bank of America Corporation Financial Overview

Table 171    American Express Company - Company Overview

Table 172    American Express Company Financial Overview

Table 173    HSBC Holdings plc Company Overview

Table 174    HSBC Holdings plc Financial Overview

Table 175    Industrial and Commercial Bank of China Company Overview

Table 176    Industrial and Commercial Bank of China Financial Overview

Table 177    U.S. Bancorp Company Overview

Table 178    U.S. Bancorp Financial Overview

Table 179    BNP Paribas, Company Overview

Table 180    BNP Paribas, Financial Overview

Table 181    TD Bank, N.A. Company Overview

Table 182    TD Bank, N.A. Financial Overview

Market Segmentation

By Type

  • Secured Consumer Finance

  • Unsecured Consumer Finance

By Secured Products

  • Housing Loan

  • Auto Loan

  • Mortgage Loan

  • Others

By Unsecured Products

  • Personal Loan

  • Credit Card

  • Home Improvement Loan

  • Education Loan

  • Others

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America

  • Middle East and Africa (MEA)

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Frequently Asked Questions (FAQs):

Ans: Global Consumer Finance Market size was estimated at USD 1,221.38 billion in 2022.
Ans: Asia Pacific is expected to grow at the fastest CAGR in Global Consumer Finance Market during the forecast period between 2023 and 2029.
Ans: Major factors driving the growth of Global Consumer Finance Market include affordable interest rates and growing digital banking.
Ans: Key players in Global Consumer Finance Market include Citigroup Inc., JPMorgan Chase & Co., Wells Fargo & Company, Bank of America Corporation, American Express Company, HSBC Holdings plc, Industrial and Commercial Bank of China, U.S. Bancorp, BNP Paribas, and TD Bank, N.A.
Ans: The personal segment held the highest market share in Global Consumer Finance Market by unsecured products.
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