PROSPECTS AND OPPORTUNITIES
New consumer credit projected to grow during forecast period
Consumer credit gross lending is set to rise throughout the forecast period, with card lending and home lending likely to lead growth. Credit cards’ ever-growing range and variety of features and incentives - such as cashback - allied to financial players’ strong cross-selling strategies, will bolster credit cards usage in the country.
Increasingly fierce competitive environment
In the highly profitable consumer credit market, the competitive landscape is likely to become increasingly fierce, with new products, value-added services and players set to enter the fray. Players such as Revolut will continue strength their position in the country.
Buy Now Pay Later will continue to expand
Boosted both by consumers as well as financial players, BNPL is expected to continue growing over the coming years with its usage becoming increasingly rooted, contributing to the increase in overall retail sales and the accelerating digitalisation of the economy. Rising inflation rates and the consequent downturn for consumer purchasing power over the latter half of the review period have fuelled the growth of BNPL in Portugal, and the trend will not lose steam any time soon.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Portugal 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 Portugal, 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 Portugal 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 Portugal?
- What are the major trends key to understanding Consumer Credit in Portugal?
- 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 Portugal - Category analysis
KEY DATA FINDINGS
Consumer credit posts positive performance in Portugal in 2024
Credit for specific purposes on the rise
New players enter the fray
New consumer credit projected to grow during forecast period
Increasingly fierce competitive environment
Buy Now Pay Later will continue to expand
Consumer Lending in Portugal - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Mortgages/housing loans on the rise
BNPL rising 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?
- 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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