Global Personal Loans Market Size study, by Type (P2P Marketplace Lending, Balance Sheet Lending), by Age (Less than 30, 30-50, More than 50), by Marital Status ( Married, Single, Others), by Employment Status ( Salaried, Male, Female, Others, Business) and Regional Forecasts 2021-2027
- Category: Business & Services
- Published Date: Oct 2021
- Publisher: Bizwit Research
- Pages: 200
Global Personal Loans Market is valued at approximately USD XX million in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. A personal loan is a sum of money obtained by an individual for a variety of reasons, such as home renovations, debt consolidation, or wedding expenses. Personal loans are also often available from banks, credit unions, and online lending providers. Furthermore, personal loans often have lower interest rates than credit cards and can be used to combine many credit card bills into a single monthly payment that is less expensive. Personal loans are attracting a larger number of consumers due to cheap interest rates and bigger borrowing limits, which is a major driving factor for market expansion. Furthermore, personal loans with a single fixed-rate monthly payment are easier to handle than a number of credit cards with varying interest rates, payment due dates, and other factors. These variables all contribute to the personal loan market's expansion. Over the previous two years, both public sector banks (PSBs) and private sector banks (PvBs) have lost considerable volume share in PLs. PSBs' market share in PLs fell from 40.07 percent in March 2018 to 23.83 percent in March 2020 in terms of volume. Their market share was 24.41 percent in August 2020. Personal loans provide a plethora of advantages for why they are in high demand among consumers. The loan amount is usually accepted without the need for collateral. Furthermore, one of the primary advantages of taking out a personal loan is that it allows you to handle many credit cards with varied interest rates and payment due dates. Furthermore, borrowers who qualify for a personal loan with a lower interest rate than their credit cards can simplify their monthly payments and save money for future financial obligations. As a result, the advantages given by personal loans are becoming important drivers of market expansion. However, Individuals taking out personal loans are incurring more bad debts, and personal loan rates and penalties are increasing which may impede market growth over the forecast period of 2021-2027.
The regional analysis of the Global Personal Loans Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to Increase in adoption of advanced technologies such as chatbots, IoT, AI, and big data analytics in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to Increasing Awareness and Acceptance of personal loans by consumers across Asia-Pacific.
Major market player included in this report are:
American Express
Avant LLC
Barclays PLC
DBS Bank Ltd
Goldman Sachs
LendingClub Bank,
Prosper Funding LLC
Social Finance, Inc.
Truist Financial Corporation
Wells Fargo
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
P2P Marketplace Lending
Balance Sheet Lending
By Age:
Less than 30
30-50
More than 50
By Marital Status:
Married
Single
Others
By Employment Status:
Salaried
Male
Female
Others
Business
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018-19
Base year – 2019-2020
Forecast period – 2021 to 2027.
Target Audience of the Global Personal Loans Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
The regional analysis of the Global Personal Loans Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to Increase in adoption of advanced technologies such as chatbots, IoT, AI, and big data analytics in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to Increasing Awareness and Acceptance of personal loans by consumers across Asia-Pacific.
Major market player included in this report are:
American Express
Avant LLC
Barclays PLC
DBS Bank Ltd
Goldman Sachs
LendingClub Bank,
Prosper Funding LLC
Social Finance, Inc.
Truist Financial Corporation
Wells Fargo
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
P2P Marketplace Lending
Balance Sheet Lending
By Age:
Less than 30
30-50
More than 50
By Marital Status:
Married
Single
Others
By Employment Status:
Salaried
Male
Female
Others
Business
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018-19
Base year – 2019-2020
Forecast period – 2021 to 2027.
Target Audience of the Global Personal Loans Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Personal Loans Market, by Region, 2019-2027 (USD Billion)
1.2.2. Personal Loans Market, by Type, 2019-2027 (USD Billion)
1.2.3. Personal Loans Market, by Age, 2019-2027 (USD Billion)
1.2.4. Personal Loans Market, by Marital Status, 2019-2027 (USD Billion)
1.2.5. Personal Loans Market, by Employment Status, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Personal Loans Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Personal Loans Market Dynamics
3.1. Personal Loans Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. fast loan approval with no restriction
3.1.1.2. Growing awareness about the payday loan among the youth population
3.1.2. Market Restraint
3.1.2.1. high interest rates
3.1.3. Market Opportunities
3.1.3.1. presence of large number of personal loan lenders
Chapter 4. Global Personal Loans Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Personal Loans Market, by Type
5.1. Market Snapshot
5.2. Global Personal Loans Market by Type , Performance - Potential Analysis
5.3. Global Personal Loans Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Personal Loans Market, Sub Segment Analysis
5.4.1. P2P Marketplace Lending
5.4.2. Balance Sheet Lending
Chapter 6. Global Personal Loans Market, by Age
6.1. Market Snapshot
6.2. Global Personal Loans Market by Age, Performance - Potential Analysis
6.3. Global Personal Loans Market Estimates & Forecasts by Age 2018-2027 (USD Billion)
6.4. Personal Loans Market, Sub Segment Analysis
6.4.1. Less than 30
6.4.2. 30-50
6.4.3. More than 50
Chapter 7. Global Personal Loans Market, by Marital Status
7.1. Market Snapshot
7.2. Global Personal Loans Market by Marital Status, Performance - Potential Analysis
7.3. Global Personal Loans Market Estimates & Forecasts by Marital Status 2018-2027 (USD Billion)
7.4. Personal Loans Market, Sub Segment Analysis
7.4.1. Married
7.4.2. Single
7.4.3. Others
Chapter 8. Global Personal Loans Market, by Employment Status
8.1. Market Snapshot
8.2. Global Personal Loans Market by Employment Status, Performance - Potential Analysis
8.3. Global Personal Loans Market Estimates & Forecasts by Employment Status 2018-2027 (USD Billion)
8.4. Personal Loans Market, Sub Segment Analysis
8.4.1. Salaried
8.4.2. Male
8.4.3. Female
8.4.4. Others
8.4.5. Business
Chapter 9. Global Personal Loans Market, Regional Analysis
9.1. Personal Loans Market, Regional Market Snapshot
9.2. North America Personal Loans Market
9.2.1. U.S. Personal Loans Market
9.2.1.1. Type breakdown estimates & forecasts, 2018-2027
9.2.1.2. Age breakdown estimates & forecasts, 2018-2027
9.2.1.3. Marital Status breakdown estimates & forecasts, 2018-2027
9.2.1.4. Employment Status breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Personal Loans Market
9.3. Europe Personal Loans Market Snapshot
9.3.1. U.K. Personal Loans Market
9.3.2. Germany Personal Loans Market
9.3.3. France Personal Loans Market
9.3.4. Spain Personal Loans Market
9.3.5. Italy Personal Loans Market
9.3.6. Rest of Europe Personal Loans Market
9.4. Asia-Pacific Personal Loans Market Snapshot
9.4.1. China Personal Loans Market
9.4.2. India Personal Loans Market
9.4.3. Japan Personal Loans Market
9.4.4. Australia Personal Loans Market
9.4.5. South Korea Personal Loans Market
9.4.6. Rest of Asia Pacific Personal Loans Market
9.5. Latin America Personal Loans Market Snapshot
9.5.1. Brazil Personal Loans Market
9.5.2. Mexico Personal Loans Market
9.6. Rest of The World Personal Loans Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. American Express
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Avant, LLC
10.2.3. Barclays PLC
10.2.4. DBS Bank Ltd
10.2.5. Goldman Sachs
10.2.6. LendingClub Bank
10.2.7. Prosper Funding LLC
10.2.8. Social Finance, Inc.
10.2.9. Truist Financial Corporation
10.2.10. Wells Fargo
Chapter 11. Research Age
11.1. Research Age
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Personal Loans Market, by Region, 2019-2027 (USD Billion)
1.2.2. Personal Loans Market, by Type, 2019-2027 (USD Billion)
1.2.3. Personal Loans Market, by Age, 2019-2027 (USD Billion)
1.2.4. Personal Loans Market, by Marital Status, 2019-2027 (USD Billion)
1.2.5. Personal Loans Market, by Employment Status, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Personal Loans Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Personal Loans Market Dynamics
3.1. Personal Loans Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. fast loan approval with no restriction
3.1.1.2. Growing awareness about the payday loan among the youth population
3.1.2. Market Restraint
3.1.2.1. high interest rates
3.1.3. Market Opportunities
3.1.3.1. presence of large number of personal loan lenders
Chapter 4. Global Personal Loans Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Personal Loans Market, by Type
5.1. Market Snapshot
5.2. Global Personal Loans Market by Type , Performance - Potential Analysis
5.3. Global Personal Loans Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Personal Loans Market, Sub Segment Analysis
5.4.1. P2P Marketplace Lending
5.4.2. Balance Sheet Lending
Chapter 6. Global Personal Loans Market, by Age
6.1. Market Snapshot
6.2. Global Personal Loans Market by Age, Performance - Potential Analysis
6.3. Global Personal Loans Market Estimates & Forecasts by Age 2018-2027 (USD Billion)
6.4. Personal Loans Market, Sub Segment Analysis
6.4.1. Less than 30
6.4.2. 30-50
6.4.3. More than 50
Chapter 7. Global Personal Loans Market, by Marital Status
7.1. Market Snapshot
7.2. Global Personal Loans Market by Marital Status, Performance - Potential Analysis
7.3. Global Personal Loans Market Estimates & Forecasts by Marital Status 2018-2027 (USD Billion)
7.4. Personal Loans Market, Sub Segment Analysis
7.4.1. Married
7.4.2. Single
7.4.3. Others
Chapter 8. Global Personal Loans Market, by Employment Status
8.1. Market Snapshot
8.2. Global Personal Loans Market by Employment Status, Performance - Potential Analysis
8.3. Global Personal Loans Market Estimates & Forecasts by Employment Status 2018-2027 (USD Billion)
8.4. Personal Loans Market, Sub Segment Analysis
8.4.1. Salaried
8.4.2. Male
8.4.3. Female
8.4.4. Others
8.4.5. Business
Chapter 9. Global Personal Loans Market, Regional Analysis
9.1. Personal Loans Market, Regional Market Snapshot
9.2. North America Personal Loans Market
9.2.1. U.S. Personal Loans Market
9.2.1.1. Type breakdown estimates & forecasts, 2018-2027
9.2.1.2. Age breakdown estimates & forecasts, 2018-2027
9.2.1.3. Marital Status breakdown estimates & forecasts, 2018-2027
9.2.1.4. Employment Status breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Personal Loans Market
9.3. Europe Personal Loans Market Snapshot
9.3.1. U.K. Personal Loans Market
9.3.2. Germany Personal Loans Market
9.3.3. France Personal Loans Market
9.3.4. Spain Personal Loans Market
9.3.5. Italy Personal Loans Market
9.3.6. Rest of Europe Personal Loans Market
9.4. Asia-Pacific Personal Loans Market Snapshot
9.4.1. China Personal Loans Market
9.4.2. India Personal Loans Market
9.4.3. Japan Personal Loans Market
9.4.4. Australia Personal Loans Market
9.4.5. South Korea Personal Loans Market
9.4.6. Rest of Asia Pacific Personal Loans Market
9.5. Latin America Personal Loans Market Snapshot
9.5.1. Brazil Personal Loans Market
9.5.2. Mexico Personal Loans Market
9.6. Rest of The World Personal Loans Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. American Express
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Avant, LLC
10.2.3. Barclays PLC
10.2.4. DBS Bank Ltd
10.2.5. Goldman Sachs
10.2.6. LendingClub Bank
10.2.7. Prosper Funding LLC
10.2.8. Social Finance, Inc.
10.2.9. Truist Financial Corporation
10.2.10. Wells Fargo
Chapter 11. Research Age
11.1. Research Age
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
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