Global personal loans market 2024-2028

Description

List of Tables

The personal loans market is forecasted to grow by USD 623.3 bn during 2023-2028, accelerating at a CAGR of 13.54% during the forecast period. The report on the personal loans market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by use of advanced technologies in loan process, rising requirement of money to fund lifestyles, and increasing migration to smart urban cities.

Technavio's personal loans market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	10.9%
CAGR	13.54%
Incremental Value	$623.3bn

By Application

Short term loans
Medium term loans
Long term loans

By Type

P2P marketplace lending
Balance sheet lending

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the rise in adoption of cloud-based personal loan servicing software offerings as one of the prime reasons driving the personal loans market growth during the next few years. Also, rapid boost in consumption-LED credit products and instantaneous loan and approval procedure will lead to sizable demand in the market.

The report on the personal loans market covers the following areas:

Personal loans market sizing
Personal loans market forecast
Personal loans market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading personal loans market vendors that include Axis Bank Ltd., Bajaj Finserv Ltd., Canara Bank, Cholamandalam Investment and Finance Co. Ltd., Citigroup Inc., Finbud Financial Services Pvt Ltd, HDFC Bank Ltd., HSBC Holdings PLC, ICICI Bank Ltd., IDBI Bank Ltd., Indian Overseas Bank, Mahindra and Mahindra Financial Services Ltd., PPF Group, Punjab National Bank, State Bank of India, Tata Sons Pvt. Ltd., UCO BANK, Union Bank of India, Whizdm Innovations Pvt. Ltd., and Yes Bank Ltd.. Also, the personal loans market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR75597

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Personal Loans Market 2018 - 2022
- Historic Market Size - Data Table on Global Personal Loans Market 2018 - 2022 ($ billion)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Short term loans - Market size and forecast 2023-2028
- Chart on Short term loans - Market size and forecast 2023-2028 ($ billion)
- Data Table on Short term loans - Market size and forecast 2023-2028 ($ billion)
- Chart on Short term loans - Year-over-year growth 2023-2028 (%)
- Data Table on Short term loans - Year-over-year growth 2023-2028 (%)
6.4 Medium term loans - Market size and forecast 2023-2028
- Chart on Medium term loans - Market size and forecast 2023-2028 ($ billion)
- Data Table on Medium term loans - Market size and forecast 2023-2028 ($ billion)
- Chart on Medium term loans - Year-over-year growth 2023-2028 (%)
- Data Table on Medium term loans - Year-over-year growth 2023-2028 (%)
6.5 Long term loans - Market size and forecast 2023-2028
- Chart on Long term loans - Market size and forecast 2023-2028 ($ billion)
- Data Table on Long term loans - Market size and forecast 2023-2028 ($ billion)
- Chart on Long term loans - Year-over-year growth 2023-2028 (%)
- Data Table on Long term loans - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 P2P marketplace lending - Market size and forecast 2023-2028
- Chart on P2P marketplace lending - Market size and forecast 2023-2028 ($ billion)
- Data Table on P2P marketplace lending - Market size and forecast 2023-2028 ($ billion)
- Chart on P2P marketplace lending - Year-over-year growth 2023-2028 (%)
- Data Table on P2P marketplace lending - Year-over-year growth 2023-2028 (%)
7.4 Balance sheet lending - Market size and forecast 2023-2028
- Chart on Balance sheet lending - Market size and forecast 2023-2028 ($ billion)
- Data Table on Balance sheet lending - Market size and forecast 2023-2028 ($ billion)
- Chart on Balance sheet lending - Year-over-year growth 2023-2028 (%)
- Data Table on Balance sheet lending - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Axis Bank Ltd.
- Axis Bank Ltd. - Overview
- Axis Bank Ltd. - Business segments
- Axis Bank Ltd. - Key offerings
- Axis Bank Ltd. - Segment focus
12.4 Canara Bank
- Canara Bank - Overview
- Canara Bank - Product / Service
- Canara Bank - Key offerings
12.5 Cholamandalam Investment and Finance Co. Ltd.
- Cholamandalam Investment and Finance Co. Ltd. - Overview
- Cholamandalam Investment and Finance Co. Ltd. - Business segments
- Cholamandalam Investment and Finance Co. Ltd. - Key offerings
- Cholamandalam Investment and Finance Co. Ltd. - Segment focus
12.6 Finbud Financial Services Pvt Ltd
- Finbud Financial Services Pvt Ltd - Overview
- Finbud Financial Services Pvt Ltd - Product / Service
- Finbud Financial Services Pvt Ltd - Key offerings
12.7 HDFC Bank Ltd.
- HDFC Bank Ltd. - Overview
- HDFC Bank Ltd. - Business segments
- HDFC Bank Ltd. - Key offerings
- HDFC Bank Ltd. - Segment focus
12.8 HSBC Holdings Plc
- HSBC Holdings Plc - Overview
- HSBC Holdings Plc - Business segments
- HSBC Holdings Plc - Key news
- HSBC Holdings Plc - Key offerings
- HSBC Holdings Plc - Segment focus
12.9 ICICI Bank Ltd.
- ICICI Bank Ltd. - Overview
- ICICI Bank Ltd. - Business segments
- ICICI Bank Ltd. - Key offerings
- ICICI Bank Ltd. - Segment focus
12.10 IDBI Bank Ltd.
- IDBI Bank Ltd. - Overview
- IDBI Bank Ltd. - Business segments
- IDBI Bank Ltd. - Key offerings
- IDBI Bank Ltd. - Segment focus
12.11 Indian Overseas Bank
- Indian Overseas Bank - Overview
- Indian Overseas Bank - Product / Service
- Indian Overseas Bank - Key offerings
12.12 Mahindra and Mahindra Financial Services Ltd.
- Mahindra and Mahindra Financial Services Ltd. - Overview
- Mahindra and Mahindra Financial Services Ltd. - Product / Service
- Mahindra and Mahindra Financial Services Ltd. - Key offerings
12.13 Punjab National Bank
- Punjab National Bank - Overview
- Punjab National Bank - Business segments
- Punjab National Bank - Key offerings
- Punjab National Bank - Segment focus
12.14 State Bank of India
- State Bank of India - Overview
- State Bank of India - Business segments
- State Bank of India - Key offerings
- State Bank of India - Segment focus
12.15 UCO BANK
- UCO BANK - Overview
- UCO BANK - Product / Service
- UCO BANK - Key offerings
12.16 Union Bank of India
- Union Bank of India - Overview
- Union Bank of India - Product / Service
- Union Bank of India - Key offerings
12.17 Whizdm Innovations Pvt. Ltd.
- Whizdm Innovations Pvt. Ltd. - Overview
- Whizdm Innovations Pvt. Ltd. - Product / Service
- Whizdm Innovations Pvt. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations