Industry: Service & Software
Published Date: 2024-04-06
Pages: 114 Pages
Report ld: 2801391
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Over the last 10 years, investors funneled many billions of dollars into the personal loan market. These investments came in the form of venture capital, various bond structures and even direct investments in loans. Fueled by this influx of capital (and some innovative technologists), the once stagnant personal loans industry exploded with double-digit growth rates.
In 2018, the number of personal loan accounts rose to 19.5 million. An increase of 12.5% from 2017 (source). Subprime originations grew 28% between Q2 2017 and Q2 2018. In contrast, originations for subprime borrowers dropped by 7.1% between 2016 and 2018.
Has the personal loan boom reached its peak? SuperMoney’s 2019 personal loans industry study will answer that question while also providing a detailed look at the consumer lending sector as a whole. Let’s get started.Personal loans, also known as consumer loans or installment loans, are closed-end uncollateralized sources of credit. This means that, unlike mortgages and most auto loans, they don’t require collateral. And unlike credit cards, they have fixed payments for a specific period of time.
Market Analysis and Insights: Global Personal Loans Market
The global Personal Loans market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The US & Canada market for Personal Loans is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The China market for Personal Loans is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The Europe market for Personal Loans is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The global key companies of Personal Loans include LightStream, SoFi, Citizens Bank, Marcus, FreedomPlus, Payoff, OneMain Financial, Avant and Prosper, etc. In 2023, the global top five players had a share approximately % in terms of revenue.
Personal Loans is widely used in various fields, such as Below 1 years, 1-3 years and Above years,, etc. Below 1 years provides greatest supports to the Personal Loans industry development. In 2023, global % revenue of Personal Loans went into Below 1 years filed and the proportion will reach to % in 2030.
Report Covers:
This report presents an overview of global market for Personal Loans market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Personal Loans, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Personal Loans, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Personal Loans revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Personal Loans market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Personal Loans revenue, projected growth trends, production technology, application and end-user industry.
MARKET SEGMENTATION
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Personal Loans Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Below 5000 USD
1.2.3 5000-50000 USD
1.2.4 Above 50000 USD
1.3 Market by Application
1.3.1 Global Personal Loans Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Below 1 years
1.3.3 1-3 years
1.3.4 Above years
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Personal Loans Market Perspective (2019-2030)
2.2 Global Personal Loans Growth Trends by Region
2.2.1 Personal Loans Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Personal Loans Historic Market Size by Region (2019-2024)
2.2.3 Personal Loans Forecasted Market Size by Region (2025-2030)
2.3 Personal Loans Market Dynamics
2.3.1 Personal Loans Industry Trends
2.3.2 Personal Loans Market Drivers
2.3.3 Personal Loans Market Challenges
2.3.4 Personal Loans Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Personal Loans by Players
3.1.1 Global Personal Loans Revenue by Players (2019-2024)
3.1.2 Global Personal Loans Revenue Market Share by Players (2019-2024)
3.2 Global Personal Loans Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Personal Loans, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Personal Loans Market Concentration Ratio
3.4.1 Global Personal Loans Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Personal Loans Revenue in 2023
3.5 Global Key Players of Personal Loans Head office and Area Served
3.6 Global Key Players of Personal Loans, Product and Application
3.7 Global Key Players of Personal Loans, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Personal Loans Breakdown Data by Type
4.1 Global Personal Loans Historic Market Size by Type (2019-2024)
4.2 Global Personal Loans Forecasted Market Size by Type (2025-2030)
5 Personal Loans Breakdown Data by Application
5.1 Global Personal Loans Historic Market Size by Application (2019-2024)
5.2 Global Personal Loans Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Personal Loans Market Size (2019-2030)
6.2 North America Personal Loans Market Size by Type
6.2.1 North America Personal Loans Market Size by Type (2019-2024)
6.2.2 North America Personal Loans Market Size by Type (2025-2030)
6.2.3 North America Personal Loans Market Share by Type (2019-2030)
6.3 North America Personal Loans Market Size by Application
6.3.1 North America Personal Loans Market Size by Application (2019-2024)
6.3.2 North America Personal Loans Market Size by Application (2025-2030)
6.3.3 North America Personal Loans Market Share by Application (2019-2030)
6.4 North America Personal Loans Market Size by Country
6.4.1 North America Personal Loans Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Personal Loans Market Size by Country (2019-2024)
6.4.3 North America Personal Loans Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Personal Loans Market Size (2019-2030)
7.2 Europe Personal Loans Market Size by Type
7.2.1 Europe Personal Loans Market Size by Type (2019-2024)
7.2.2 Europe Personal Loans Market Size by Type (2025-2030)
7.2.3 Europe Personal Loans Market Share by Type (2019-2030)
7.3 Europe Personal Loans Market Size by Application
7.3.1 Europe Personal Loans Market Size by Application (2019-2024)
7.3.2 Europe Personal Loans Market Size by Application (2025-2030)
7.3.3 Europe Personal Loans Market Share by Application (2019-2030)
7.4 Europe Personal Loans Market Size by Country
7.4.1 Europe Personal Loans Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Personal Loans Market Size by Country (2019-2024)
7.4.3 Europe Personal Loans Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Personal Loans Market Size (2019-2030)
8.2 China Personal Loans Market Size by Type
8.2.1 China Personal Loans Market Size by Type (2019-2024)
8.2.2 China Personal Loans Market Size by Type (2025-2030)
8.2.3 China Personal Loans Market Share by Type (2019-2030)
8.3 China Personal Loans Market Size by Application
8.3.1 China Personal Loans Market Size by Application (2019-2024)
8.3.2 China Personal Loans Market Size by Application (2025-2030)
8.3.3 China Personal Loans Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Personal Loans Market Size (2019-2030)
9.2 Asia Personal Loans Market Size by Type
9.2.1 Asia Personal Loans Market Size by Type (2019-2024)
9.2.2 Asia Personal Loans Market Size by Type (2025-2030)
9.2.3 Asia Personal Loans Market Share by Type (2019-2030)
9.3 Asia Personal Loans Market Size by Application
9.3.1 Asia Personal Loans Market Size by Application (2019-2024)
9.3.2 Asia Personal Loans Market Size by Application (2025-2030)
9.3.3 Asia Personal Loans Market Share by Application (2019-2030)
9.4 Asia Personal Loans Market Size by Region
9.4.1 Asia Personal Loans Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Personal Loans Market Size by Region (2019-2024)
9.4.3 Asia Personal Loans Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Personal Loans Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Personal Loans Market Size by Type
10.2.1 Middle East, Africa, and Latin America Personal Loans Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Personal Loans Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Personal Loans Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Personal Loans Market Size by Application
10.3.1 Middle East, Africa, and Latin America Personal Loans Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Personal Loans Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Personal Loans Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Personal Loans Market Size by Country
10.4.1 Middle East, Africa, and Latin America Personal Loans Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Personal Loans Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Personal Loans Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 LightStream
11.1.1 LightStream Company Details
11.1.2 LightStream Business Overview
11.1.3 LightStream Personal Loans Introduction
11.1.4 LightStream Revenue in Personal Loans Business (2019-2024)
11.1.5 LightStream Recent Developments
11.2 SoFi
11.2.1 SoFi Company Details
11.2.2 SoFi Business Overview
11.2.3 SoFi Personal Loans Introduction
11.2.4 SoFi Revenue in Personal Loans Business (2019-2024)
11.2.5 SoFi Recent Developments
11.3 Citizens Bank
11.3.1 Citizens Bank Company Details
11.3.2 Citizens Bank Business Overview
11.3.3 Citizens Bank Personal Loans Introduction
11.3.4 Citizens Bank Revenue in Personal Loans Business (2019-2024)
11.3.5 Citizens Bank Recent Developments
11.4 Marcus
11.4.1 Marcus Company Details
11.4.2 Marcus Business Overview
11.4.3 Marcus Personal Loans Introduction
11.4.4 Marcus Revenue in Personal Loans Business (2019-2024)
11.4.5 Marcus Recent Developments
11.5 FreedomPlus
11.5.1 FreedomPlus Company Details
11.5.2 FreedomPlus Business Overview
11.5.3 FreedomPlus Personal Loans Introduction
11.5.4 FreedomPlus Revenue in Personal Loans Business (2019-2024)
11.5.5 FreedomPlus Recent Developments
11.6 Payoff
11.6.1 Payoff Company Details
11.6.2 Payoff Business Overview
11.6.3 Payoff Personal Loans Introduction
11.6.4 Payoff Revenue in Personal Loans Business (2019-2024)
11.6.5 Payoff Recent Developments
11.7 OneMain Financial
11.7.1 OneMain Financial Company Details
11.7.2 OneMain Financial Business Overview
11.7.3 OneMain Financial Personal Loans Introduction
11.7.4 OneMain Financial Revenue in Personal Loans Business (2019-2024)
11.7.5 OneMain Financial Recent Developments
11.8 Avant
11.8.1 Avant Company Details
11.8.2 Avant Business Overview
11.8.3 Avant Personal Loans Introduction
11.8.4 Avant Revenue in Personal Loans Business (2019-2024)
11.8.5 Avant Recent Developments
11.9 Prosper
11.9.1 Prosper Company Details
11.9.2 Prosper Business Overview
11.9.3 Prosper Personal Loans Introduction
11.9.4 Prosper Revenue in Personal Loans Business (2019-2024)
11.9.5 Prosper Recent Developments
11.10 Lending Club
11.10.1 Lending Club Company Details
11.10.2 Lending Club Business Overview
11.10.3 Lending Club Personal Loans Introduction
11.10.4 Lending Club Revenue in Personal Loans Business (2019-2024)
11.10.5 Lending Club Recent Developments
11.11 Best Egg
11.11.1 Best Egg Company Details
11.11.2 Best Egg Business Overview
11.11.3 Best Egg Personal Loans Introduction
11.11.4 Best Egg Revenue in Personal Loans Business (2019-2024)
11.11.5 Best Egg Recent Developments
11.12 Earnest
11.12.1 Earnest Company Details
11.12.2 Earnest Business Overview
11.12.3 Earnest Personal Loans Introduction
11.12.4 Earnest Revenue in Personal Loans Business (2019-2024)
11.12.5 Earnest Recent Developments
11.13 Payoff
11.13.1 Payoff Company Details
11.13.2 Payoff Business Overview
11.13.3 Payoff Personal Loans Introduction
11.13.4 Payoff Revenue in Personal Loans Business (2019-2024)
11.13.5 Payoff Recent Developments
11.14 Earnin
11.14.1 Earnin Company Details
11.14.2 Earnin Business Overview
11.14.3 Earnin Personal Loans Introduction
11.14.4 Earnin Revenue in Personal Loans Business (2019-2024)
11.14.5 Earnin Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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