TechSci Press Release

  Rising disposable income and increasing consumption expenditure are the leading factors to drive the global consumer finance market during the forecast period. According to TechSci Research report,  “Global Consumer Finance Market By Type (Secured Consumer Finance, Unsecured Consumer Finance), By Secured Consumer Finance Product Type (Housing Loan, Auto Loan, Mortgage Loan, Others (boat loan, recreational vehicle loan, secured credit cards, etc.)), By Unsecured Consumer Finance Product Type (Consumer Durable Finance, Personal Loan, Credit Card, Home Improvement Loan, Education Loan, Others (agricultural loan, pension loan, etc.)), By Region, Competition, Forecast & Opportunities, 2026” , the global consumer finance market is expected to grow at a CAGR of 5.27% during the forecast period on account of the growing economies and rising population. Additionally, a lower rate of interest has increased the affordability concerns for the consumers. Furthermore, consum...

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 ...