PROSPECTS AND OPPORTUNITIES
Brighter future anticipated though threats persist
For the latter half of the review period one of the biggest issues plaguing consumer credit was high inflation – when inflation rose too high, increased interest rates pushed the European Central Bank (ECB) to bring it back down to their 2% target over the medium terms, which resulted in a strong increase in prices for of all kinds of credit, especially in 2023.
BNPL faces maturity and possible waning interest from local consumers
The BNPL market is reaching a certain maturity in France according to local experts. Local consumers are becoming increasingly informed but also increasingly demanding in terms of their payment experience, with a possible growing level of scepticism.
Ongoing high refusal rates, better rates for educational lending and extension of leasing
According to major player Cofidis, there is an ongoing deterioration in the situation of customers and prospects. This company was refusing 80% of credit application files in 2023 but seemed to be more flexible in 2024.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in France with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in France, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in France report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in France?
- What are the major trends key to understanding Consumer Credit in France?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in France - Category analysis
KEY DATA FINDINGS
Consumer credit stays afloat in 2024
Home lending is doing well while auto lending/credit is cannibalised by leasing
Mainstream consumer lending players fare well
Brighter future anticipated though threats persist
BNPL faces maturity and possible waning interest from local consumers
Ongoing high refusal rates, better rates for educational lending and extension of leasing
Consumer Lending in France - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Signs of reprieve in mortgages/housing, though experts remain cautious
BNPL close to saturation and facing possible decline
What next for consumer lending?
DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Credit research and analysis database.
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