Covid-19 Impact on Global Personal Loans Market Research Report forecast 2020-2026
Summary - A new
market study, titled “Covid-19 Impact on Global Personal Loans Market Size,
Status and Forecast 2020-2026” has been featured on Wise Guy Reports.
Over the last 10 years,
investors funneled many billions of dollars into the personal loan market.
These investments came in the form of venture capital, various bond structures
and even direct investments in loans. Fueled by this influx of capital (and
some innovative technologists), the once stagnant personal loans industry
exploded with double-digit growth rates.
ALSO READ: https://www.openpr.com/news/2121667/global-personal-loans-market-2020-top-key-players-lightstream
In 2018, the number of personal loan accounts rose to 19.5
million. An increase of 12.5% from 2017 (source). Subprime originations grew
28% between Q2 2017 and Q2 2018. In contrast, originations for subprime
borrowers dropped by 7.1% between 2016 and 2018.
Has the personal loan boom reached its peak? SuperMoney’s
2019 personal loans industry study will answer that question while also
providing a detailed look at the consumer lending sector as a whole. Let’s get
started.Personal loans, also known as consumer loans or installment loans, are
closed-end uncollateralized sources of credit. This means that, unlike
mortgages and most auto loans, they don’t require collateral. And unlike credit
cards, they have fixed payments for a specific period of time.
Since the COVID-19 virus outbreak in December 2019, the
disease has spread to almost 100 countries around the globe with the World
Health Organization declaring it a public health emergency. The global impacts
of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and
will significantly affect the Personal Loans market in 2020.
COVID-19 can affect the global economy in three main ways:
by directly affecting production and demand, by creating supply chain and
market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many
aspects, like flight cancellations; travel bans and quarantines; restaurants
closed; all indoor events restricted; over forty countries state of emergency
declared; massive slowing of the supply chain; stock market volatility; falling
business confidence, growing panic among the population, and uncertainty about
future.
This report also analyses the impact of Coronavirus COVID-19
on the Personal Loans industry.
Based on our recent survey, we have several different
scenarios about the Personal Loans YoY growth rate for 2020. The probable
scenario is expected to grow by a xx% in 2020 and the revenue will be xx in
2020 from US$ xx million in 2019. The market size of Personal Loans will reach
xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data
integrity, the report makes a brilliant attempt to unveil key opportunities
available in the global Personal Loans market to help players in achieving a
strong market position. Buyers of the report can access verified and reliable
market forecasts, including those for the overall size of the global Personal
Loans market in terms of revenue.
Players, stakeholders, and other participants in the global
Personal Loans market will be able to gain the upper hand as they use the
report as a powerful resource. For this version of the report, the segmental
analysis focuses on revenue and forecast by each application segment in terms
of revenue and forecast by each type segment in terms of revenue for the period
2015-2026.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the
global Personal Loans market, covering important regions, viz, North America,
Europe, China, Japan, Southeast Asia, India and Central & South America. It
also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K.,
Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia,
Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia,
U.A.E, etc.
The report includes country-wise and region-wise market size
for the period 2015-2026. It also includes market size and forecast by each
application segment in terms of revenue for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading
as well as prominent players of the global Personal Loans market are broadly
studied on the basis of key factors. The report offers comprehensive analysis
and accurate statistics on revenue by the player for the period 2015-2020. It
also offers detailed analysis supported by reliable statistics on price and
revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that
players can use to gain a competitive edge over their competitors and ensure
lasting success in the global Personal Loans market. All of the findings, data,
and information provided in the report are validated and revalidated with the
help of trustworthy sources. The analysts who have authored the report took a
unique and industry-best research and analysis approach for an in-depth study
of the global Personal Loans market.
The following players are covered in this report:
LightStream
SoFi
Citizens Bank
Marcus
FreedomPlus
Payoff
OneMain Financial
Avant
Prosper
Lending Club
Best Egg
Earnest
Payoff
Earnin
Personal Loans Breakdown Data by Type
Below 5000 USD
5000-50000 USD
Above 50000 USD
Personal Loans Breakdown Data by Application
Below 1 years
1-3 years
Above years
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5299309-covid-19-impact-on-global-personal-loans-market-size-status-and-forecast-2020-2026
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