PROSPECTS AND OPPORTUNITIES
Consumer credit retains solid prospects for further expansion
Consumer credit in Italy is expected to see gross lending and the total outstanding balance increase at robust rates throughout the forecast period, with all categories predicted to expand consistently in both respects. Demand for and supply of different types of credit facilities should continue to be bolstered by a favourable macroeconomic environment characterised by steady growth in GDP and real wages, rising employment, moderate inflation and lower interest rates.
Auto lending and card lending set to grow fastest in current value terms
Auto lending is projected to be the most dynamic performer within consumer credit in terms of current value growth in gross lending over the forecast period. Subsidies and other incentives offered by the Italian government to stimulate migration to low- and zero-emission vehicles will remain a major driver of demand in the category.
Outlook for BNPL services remains promising
BNPL services offered by platforms like Klarna, Affirm and Afterpay will continue to gain popularity in Italy over the forecast period. Their appeal will remain concentrated among younger age groups, particularly members of Generation Z, though usage levels among older demographics are expected to increase steadily as the business model evolves to allow for higher-value purchases spread over longer instalment plans.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Italy 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 Italy, 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 Italy 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 Italy?
- What are the major trends key to understanding Consumer Credit in Italy?
- 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 Italy - Category analysis
KEY DATA FINDINGS
Overall demand for and supply of consumer credit increases in 2024
Card lending slows as consumers pay down existing debts
Innovation helps to maintain strong interest in BNPL services
Consumer credit retains solid prospects for further expansion
Auto lending and card lending set to grow fastest in current value terms
Outlook for BNPL services remains promising
Consumer Lending in Italy - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
More favourable macroeconomic indicators boost mortgage lending
Use of BNPL services continues to rise rapidly
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?
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This report originates from Passport, our Consumer Credit research and analysis database.
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