Consumer Finance Market Is Forecast To Grow Over A CAGR Of 5% In Value Terms To Reach Over USD1306.10 Billion By 2026 | TechSci Research
Global c onsumer finance market is forecast to grow over a CAGR of 5% in value terms to reach over USD1306.10 billion by 2026. Consumer finance refers to the decisions that households make over time about saving, borrowing, and investing. The global c onsumer finance market is witnessing consistent growth, owing to the increasing disposable incomes and high economic growth. New entrants are rapidly expanding in this market, including major peer-to-peer lenders, and pure digital players. The consumer finance market is driven by the fact that consumer lives, and financial situations are rapidly changing. No wonder, the consumer finance industry is one of the synchronized and well-developed sectors among other sectors in the world. It is because of the continuous rise in population and economic development that consumer finance production has experienced continuous growth. Furthermore, the easy availability of various loans such as home loans, car loans, and education loans ...