PROSPECTS AND OPPORTUNITIES
Consumer credit set to see ongoing growth, with a variety of opportunities ahead
Consumer credit is expected to see ongoing growth over the forecast period. Currently, financial supervisors are not concerned about the overall level of consumer credit in Spain, as the economy is generally stable, while lowering inflation levels mean consumers feel more confident about their future finances.
Digital consumer credit developments to further support growth
Ongoing developments in digital consumer credit will further support growth over the forecast period. Banks are increasingly offering consumer credit online, increasing the lending possibilities through electronic banking (e-banking) and mobile banking (m-banking).
BNPL will continue to develop – under the careful watch of financial supervisors due to the new CCD2
The growth of Buy Now Pay Later (BNPL) looks set to continue – under the careful watch of financial supervisors as the expansion of regulations around alternative credit come into play with the new CCD2. Consumers find BNPL options convenient to finance small to medium purchases and can also be attracted to making certain purchases due to BNPL options being available.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Spain 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 Spain, 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 Spain 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 Spain?
- What are the major trends key to understanding Consumer Credit in Spain?
- 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 Spain - Category analysis
KEY DATA FINDINGS
One-in-three consumers in Spain use BNPL options, according to Forbes
The next home renovation cycle has not yet come around, while auto lending is supported by rise of electric cars
Card lending continues to grow, supported by on-the-go and travel spending
Consumer credit set to see ongoing growth, with a variety of opportunities ahead
Digital consumer credit developments to further support growth
BNPL will continue to develop – under the careful watch of financial supervisors due to the new CCD2
Consumer Lending in Spain - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Outstanding balances in mortgages/housing continue to decline
One-in-three consumers in Spain use BNPL options, according to Forbes
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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