The Consumer Credit Market Report is Segmented by Payment Method (Direct Deposit, Debit Card, Other Payment Method), by Credit Type (Revolving Credits, Non-Revolving Credits), by Issuer (Banks and Finance Companies, Credit Unions, Other Issuers), by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The global consumer credit market size was valued at USD 12.0 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 17.0 Billion by 2033, exhibiting a CAGR of 3.9% from 2025-2033. North America currently dominates the market, holding a market share of over 35% in 2024. Improving economic conditions of consumers, rising number of micro, small and medium enterprises in the developing countries, and expanding prevalence of financial management services, are some of the key factors propelling the market growth.

IMARC Group provides an analysis of the key trends in each segment of the global consumer credit market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on credit type, service type, issuer, and payment method.

The size and share of the market is categorized based on Type (Cloud, On-premises) and Application (Individual, Enterprise, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Japan consumer credit market size is projected to exhibit a growth rate (CAGR) of 3.85% during 2025-2033. The growing need for credit in emergency cases, increasing spending on travel and leisure activities, and advancements in digital banking and fintech providing easy access to credit represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on credit type, service type, issuer, and payment method.

Consumer Credit in Mexico increased to 2101087.30 MXN Million in the fourth quarter of 2024 from 1999890.90 MXN Million in the third quarter of 2024. This dataset provides the latest reported value for - Mexico Consumer Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Credit in the United States decreased to 18.08 USD Billion in January from 37.05 USD Billion in December of 2024. This dataset provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The outstanding consumer credit in the United States was approximately 103 billion U.S. dollars higher in the first quarter of 2024 than a year earlier. That quarter, the outstanding consumer credit amounted to nearly 5.05 trillion U.S. dollars. Consumer credit refers to unsecured lending provided to individuals, usually with the purpose of covering small expenses, such as buying goods and services.

In July 2024, the volume of consumer lending in the United States was 3.02 percent higher than in the same period of the previous year. During economic recessions, the overall volume of credit tends to decrease. The lowest annual drops in the value of consumer loans were in June 2009, coinciding with the economic crisis of 2007, and in April 2020, during the start of the COVID-19 pandemic.

In 2023, consumer finance companies contribute only six percent to China's consumer credit balance. However, the market has grown rapidly, increasing from 29.7 billion yuan in 2014 to 472.3 billion yuan in 2019, with an annual compound growth rate of 73.9 percent. In 2023, the balance of consumer finance companies reached 1.2 trillion yuan.

Findomestic, which belongs to BNP Paribas, was the leading provider of consumer loans in Italy in 2023. Agos Ducato and Compass Banca were the next banks in the ranking with outstanding consumer credit valued at over 15 billion euros. Those three financial corporations along with Intesa/Prestitalia and UniCredit provided most of the consumer credit in the Mediterranean country that year.

Global Consumer Lending market size 2025 was XX Million. Consumer Lending Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Consumer Credit in Egypt increased to 1077617 EGP Million in September from 1051925 EGP Million in August of 2024. This dataset provides - Egypt Consumer Credit - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The size of the Mexico Credit Card market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 8.60% during the forecast period. The Mexico credit card market is witnessing a tremendous growth speed, mainly through increased consumer spending, government initiatives for electronic payment promotion, and the steadily increasing popularity of digital transactions. A credit card is issued in plastic by a financial institution that allows the cardholder to make purchases on credit. It operates on a revolving credit system, wherein it enables customers to borrow the available amount up to their pre-approved limit and repay the borrowed amount along with a specific interest rate over some specified period. Credit cards have many attractions to consumers as well. These include convenience, security, and rewards. Cashless transactions are facilitated by credit cards that render it easier to buy goods and services online and even more so off the lines. The cash needed to be carried is reduced as credit cards provide a security layer. Further, most credit cards carry a rewards program. This may come in the form of cashback, points, or airline miles. Such rewards can be redeemed for various sorts of benefits. Credit cards provide the company with a convenient means of payment. It minimizes the need to manage cash and improves the firm's cash flow. They also provide some useful data on customers' spending habits, which can be used for targeted marketing and insights on business operations. Recent developments include: November 2021 - Mastercard collaborated with Jeeves, a business banking company that has worked with numerous Mexican businesses, to help alleviate credit access problems in Mexico. The company aims to help deal with the burgeoning FinTech ecosystem in the region with this partnership., November 2021 - Mastercard acquired Arcus FI, an alum of the company's Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus helps to enable bill pay and cash-in, cash-out services for billers, retailers, fintechs, and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. Its flagship solution, the Arcus Pay Network, has access to some of the largest retailers and direct connection with many of the largest billers in Mexico.. Key drivers for this market are: High Proliferation of Smartphones and Digital Initiatives, Favorable Changes in Regulatory Frameworks In the Country. Potential restraints include: Operational Challenges Involving Cross-border Payments. Notable trends are: P2B Segment is expected to witness strong growth.

Consumer Credit market will be growing at a CAGR of 5.97% during 2025 to 2033.

In 2019, the market size of the consumer finance industry in China amounted to 14 trillion yuan in terms of consumer loans with the prominent subset, mortgage loans, excluded. This market was estimated to continue expanding in the near future, reaching over 19 trillion yuan in scale by 2022.

Consumer Credit in Spain decreased to 631914714 EUR Thousand in the third quarter of 2024 from 640783067 EUR Thousand in the second quarter of 2024. This dataset provides the latest reported value for - Spain Consumer Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Quarterly financial flows and stocks of household credit market debt, consumer credit, non-mortgage loans, and mortgage loans, on a seasonally adjusted basis.

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-03-12 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

According to Cognitive Market Research, the global Consumer Finance market size will be USD 12514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5005.80 million in 2024 and will rise at the compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3754.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2878.34 million in 2024 and will rise at the compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 625.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 250.29 million in 2024 and will rise at the compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The secured consumer finance category is the fastest growing segment of the Consumer Finance industry

Market Dynamics of Consumer Finance Market

Key Drivers for Consumer Finance Market

Growing Adoption of Digital Financial Services to Boost Market Growth

The increasing adoption of digital financial services is a major driver of the consumer finance market. Consumers are increasingly turning to online platforms and mobile apps for managing their finances, accessing credit, and making payments. This shift towards digitalization offers convenience, speed, and accessibility, especially in emerging economies where traditional banking infrastructure may be limited. The rise of digital wallets, peer-to-peer lending platforms, and mobile banking has expanded financial inclusion, allowing more individuals to access financial products such as personal loans, credit cards, and insurance. Furthermore, advancements in technologies like AI and machine learning are enhancing customer experiences by offering personalized financial solutions, making consumer finance products more attractive and accessible. This digital transformation is reshaping the market, driving growth and empowering consumers to make informed financial decisions. For instance, Mastercard announced partnerships with Instacart and Peacock to provide greater everyday value and convenience like online shopping and grocery delivery with Instacart and streaming service subscription offering with Peacock

Increasing Consumer Demand for Flexible Financing Solutions to Drive Market Growth

The growing demand for flexible financing options is another key driving factor in the consumer finance market. As living costs rise and consumer spending patterns evolve, individuals are increasingly seeking flexible credit products, such as instalment loans, buy-now-pay-later (BNPL) services, and revolving credit lines, to manage their finances. These products allow consumers to make large purchases or cover unexpected expenses without committing to long-term debt. Financial institutions and fintech companies are responding by offering tailored financing solutions with competitive interest rates, easy repayment terms, and minimal paperwork. This shift toward flexibility is particularly appealing to younger generations, like the millennials and Gen Z, who prioritize convenience and affordability in their financial decisions.

Restraint Factor for the Consumer Finance Market

Economic Uncertainty and Financial Instability Will Limit Market Growth

Economic uncertainty, such as inflation, recessions, or economic slowdowns, significantly restrains the consumer finance market. In times of financial instability, consumers tend to reduce discretionary spending and prioritize saving over-borrowing. High levels of debt, coupled with concerns about job security and income instability, cause hesitation in taking out new loans or using credit services. Additionally, financial instability can lead to rising default rates, making lenders more cautious and raising interest rates, further discouraging consumer borrowing. These factors contribute to a slowdown in the growth of consumer finance markets as both consumers and financial institutions become more risk-averse.

Impact of Covid-19 on the Consumer Finance Mar...

Consumer lending, excluding student loans, in the United Kingdom (UK) reached nearly 32 billion British pounds in March 2024. These figures have thus recovered from the stark decline suffered in April 2020. The value of new consumer credit granted also decreased during the economic crisis of 2007, although more gradually. The category consumer lending includes loans and advances to individuals through credit cards and personal loans. The majority of consumer credit is through credit card lending. Mortgage lending The value of outstanding mortgage lending in the UK is far higher than that of consumer credit. Additionally, the outstanding volume of consumer credit has fluctuated more in the past, while mortgages have had a more consistent growth. In the second quarter of 2021, the value of gross new mortgage lending in the UK amounted to over 89 billion British pounds. Those figures were twice higher than in the second quarter of 2020, when new mortgage lending decreased significantly due to the uncertainty created by the start of the COVID-19 pandemic. Credit card payments With billions of British pounds in gross consumer lending through credit cards, it’s unsurprising that the number of credit cards in circulation in 2022 was nearly as high as the number of people in the UK. The number of credit cards peaked in 2005, and it slightly decreased in the following months. However, there were still nearly 57 million credit cards in issue in the UK in 2022. The average amount spent per purchase on credit cards in the UK was over 59 British pounds in July 2023. This figure is much lower than the spending limit of most credit cards.