Loan Market Future Insights: Anticipating Trends and Challenges
The global loan market is anticipated to project robust growth in the forecast period.
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According to the report by TechSci Research, the Loan Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F, is poised for robust growth as loans offer convenience and flexibility to borrowers. Factors such as fast funding, availability of loan providers, and defined repayment tenures contribute significantly to market expansion.
Loans are classified into secured and unsecured categories, with secured loans backed by collateral like mortgages and auto loans. Conversely, credit cards and signature loans fall under unsecured loans, lacking collateral. Unsecured loans often entail higher interest rates due to increased default risk.
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Government stimulus during the COVID-19 pandemic suppressed loan demand initially, but it rebounded as the economy recovered, driven by consumer spending and business inventory buildup. Major US lenders, such as JPMorgan Chase & Co. and Wells Fargo & Co., reported significant loan book growth in the second quarter of 2022.
Report Scope
In this report, the global Loan market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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Global Loan Market, By Type:
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Housing Loan
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Mortgage Loan
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Personal Loan
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Auto Loan
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Business Loan
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Home Improvement Loan
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Others
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Global Loan Market, By Provider Type:
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Bank
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Non-Banking Financial Companies
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Others
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Global Loan Market, By Interest Rate:
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Fixed
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Floating
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Global Loan Market, By Tenure Period:
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Less than 5 years
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5 years to 10 years
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11 years to 20 years
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More than 20 Years
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Global Loan Market, By Region:
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North America
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United States
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Canada
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Mexico
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Europe
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United Kingdom
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Germany
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Italy
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France
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Spain
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Asia-Pacific
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China
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India
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Japan
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South Korea
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Australia
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Middle East & Africa
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UAE
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South Africa
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Turkey
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Saudi Arabia
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South America
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Brazil
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Argentina
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Colombia
The global loan market is segmented by type, provider type, interest rate, tenure period, region, and competitive landscape. Personal loans constitute a significant market share, with borrowers utilizing them for various needs like major purchases, daily expenses, and medical emergencies.
Key market players in the global loan market include:
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Bank of America Corporation
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JPMorgan Chase & Co.
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Citigroup, Inc.
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Wells Fargo & Co.
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U.S. Bancorp
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PNC Financial Service Group, Inc.
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American Express Company
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Ally Financial Inc.
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Truist Financial Corporation
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Bank of China
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The loan industry is evolving rapidly, driven by new businesses, technologies, and regulatory changes. Regions like Asia-Pacific are poised for substantial growth due to economic development, a large underbanked population, and governmental support for inclusive financial development.
The report, Loan Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, assesses the market's future growth potential, providing insights into market structure, size, share, and emerging trends. It aims to offer comprehensive market intelligence to aid decision-makers in making informed investment decisions.
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