PROSPECTS AND OPPORTUNITIES
Anticipated rise in educational, home improvement and car loans
Consumer credit in Saudi Arabia is expected to rise significantly over the forecast period, with education lending leading the way. This will be the result of increased Saudization and greater female participation in the workforce, motivating young people to pursue higher education.
Increase in card lending will be backed by improved digitalisation
Card lending in Saudi Arabia is poised for significant growth, driven by the ongoing digital transformation and the rise of e-wallets. A key component of the Kingdom’s Vision 2030, which focuses on advancing the digital payments landscape, will support the continued expansion of card lending.
Fintech growth will drive up consumer lending
The rise of fintech start-ups and their innovative solutions is accelerating consumer lending in Saudi Arabia, alongside the increased availability of loans offered by banks through their online platforms. The Saudi government's strong commitment to advancing digital payments and financial efficiency has been instrumental in this growth.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Saudi Arabia 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 Saudi Arabia, 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 Saudi Arabia 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 Saudi Arabia?
- What are the major trends key to understanding Consumer Credit in Saudi Arabia?
- 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 Saudi Arabia - Category analysis
KEY DATA FINDINGS
Surge in education lending, but other personal lending remains key area of focus
Shift towards cashless society drives growth in credit card lending
Growing demand for Shariah-compliant products
Anticipated rise in educational, home improvement and car loans
Increase in card lending will be backed by improved digitalisation
Fintech growth will drive up consumer lending
Consumer Lending in Saudi Arabia - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Cautious lending practices persist in Saudi Arabia's housing market
Fintech and AI start-ups expand their operations
Home ownership becomes increasingly popular goal
PropTech transforms real estate landscape
SAMA issues new regulations for BNPL companies
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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