The global lending market size is expected to grow from $7.07 trillion in 2021 to $7.83 trillion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The global lending market size is then expected to grow to $11.28 trillion in 2026 at a CAGR of 9.6%.
What is the Global Lending Market?
The lending market consists of sales of lending services (loans) by entities (organizations, sole traders, and partnerships) that are engaged in providing secured or unsecured loans to borrowing entities. Lending entities include establishments such as finance companies, personal credit institutions, loan companies, and student loans companies. This market covers all types of loans including mortgage loans, personal loans, working capital loans, vehicle loans, and industrial loans. Revenue generated from the lending market includes all the interest charges levied by the lending entities such as banks and financial institutions against the loans sanctioned, but not the value of the loans themselves. This market includes interest charged by the banks on credit cards and other payment cards as well as mortgages and other loans.
Get a Sample of the global lending market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=3575&type=smp
What drives the Global Lending Market?
Banks and financial institutions are adopting digitization solutions to modernize their commercial lending business which is benefitting the market growth. This move is mainly a result of increased competition among banks and growing demand for the simplified and quick commercial lending process. Digitization enables faster approval of commercial loans, which can otherwise be a complex and slow process. It also enables banks to target new customer categories and offer customer-centric solutions, which leads to improved efficiencies in the commercial lending business. Major companies which incorporated digitization in lending are Commonwealth Bank of Australia, Hana Bank, and Fidor Bank.
Get the full global lending industry report here
https://www.thebusinessresearchcompany.com/report/lending-global-market-report
Global Lending Market Segments
The global lending market is segmented:
By Type: Corporate Lending, Household Lending, Government Lending
By Interest Rate: Fixed Rate, Floating Rate
By Lending Channel: Offline, Online
By Geography: The regions covered in the lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Lending Global Market Report 2022provides market size and growth forecasts for the lending global market, lending global market share, lending market segments and geographies, lending market competitive landscape including leading competitors’ revenues, profiles and market shares. The lending market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Lending Industry Playersinclude China Construction Bank, Agricultural Bank Of China, JPMorgan Chase & Co., Bank of China, Industrial and Commercial Bank of China, Citi Group, Bank of America Corporation, State Bank of India, Mitsubishi UFJ Financial Group, and Legal & General Group plc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
