PROSPECTS AND OPPORTUNITIES
Consumer lending faces further growth during forecast period
Overall, consumer credit is expected to see strong growth in Indonesia in the forecast period. The purchasing power of the lower- and middle-income segments, which will not fully recover in the next 1-2 years, will be the main driver.
BNPL set to keep on rising, though growth may slow somewhat
The use of BNPL Indonesia will continue to show positive growth over the forecast period. The proportion of consumers who use pay later services more than once a month is increasing rapidly, attracted by ease of access and payment flexibility.
BNPL benefits from collaborations and partnerships
No longer the monopoly of fintech players, BNPL is now increasingly being offered by banks in a trend set to persist throughout the forecast period. The main benefit banks offer is lower interest compared to fintech players.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Indonesia 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 Indonesia, 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 Indonesia 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 Indonesia?
- What are the major trends key to understanding Consumer Credit in Indonesia?
- 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 Indonesia - Category analysis
KEY DATA FINDINGS
Strong growth for gross lending seen in 2024
Auto lending benefits from subsidy programmes
Multipurpose loans on the up, with big banks still key players
Consumer lending faces further growth during forecast period
BNPL set to keep on rising, though growth may slow somewhat
BNPL benefits from collaborations and partnerships
Consumer Lending in Indonesia - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
BRI raises interest rates
BNPL expands
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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