|
|
UK Personal Lending 2005: Half year updateProduct Type: Market Research ReportPublished by: Datamonitor Published: September 2005 Product Code: R313-11851 Description IntroductionIn the rapidly changing world of UK consumer credit, it is vital to stay on top of the latest trends. This brief is a half yearly update to Datamonitor's popular UK Personal Lending 2005 report, designed to keep UK lenders abreast of the latest developments shaping their market. Scope Provides the latest marking sizing figures for the UK consumer credit market by product line and analyses industry trends in the first half of 2005 Covers unsecured personal loans, credit cards, motor finance, retail finance (store cards, instalment credit and mail order credit) and overdrafts Details Datamonitor's latest scenario based forecasts for the future of the consumer credit market Gives market share figures for year end 2004 for leading personal loan providers and examines the latest competitor developments shaping the market Highlights Credit cards have been the first consumer credit product to really feel the pinch in 2005. Poor retail sales figures and weak consumer confidence as the housing market has ground to a halt seem to be largely responsible for the marked slowdown in credit card spending. Egg, Northern Rock and AA Financial Services were the outstanding performers in the personal loans market in 2004, growing their loan books well in excess of the market, while HSBC's acquisition of M&S has boosted its share of the market. While the personal loans sector has been fairly bereft of product innovation in recent years, we have already seen a number of new marketing and product ideas introduced to the market in 2005, such as Zopa's entirely innovative approach to personal lending, A&L's Moneyback Bank offering and Barclaycard's combined credit card and personal loan. Reasons to Purchase Gain access to the latest market sizing and forecasting data for the consumer credit market to place your performance in context to the market's Receive updated market share data to tell you how your company compares to your closest rivals View the latest independent quarterly and annual forecasts for the UK consumer credit market to plan your future strategy with confidence Table of Contents TABLE OF CONTENTSCHAPTER 1 INTRODUCTION 6 What is this report about? 6 Who is the target reader? 6 How to use this report 7 CHAPTER 2 THE CONSUMER CREDIT MARKET IN 2005 8 Introduction 8 The UK personal lending market at the end of 2004 8 Unsecured personal loans are the largest product line in terms of balances outstanding 8 Credit cards top the market in terms of gross advances 11 Motor finance had another tough year in 2004 14 Competitive pressure has taken its toll on retail finance products 22 The consumer credit market has struggled in 2005 25 The consumer credit market is struggling to replicate 2004 perfomance 26 Weak credit card figures blight the performance of consumer credit in H1 2005 26 The credit card market will be hard pushed to recover lost ground in the latter half of 2005 30 Consumer credit forecasts to 2009 32 Datamonitor’s forecasting model 32 Changes to Datamonitor’s core forecasts since the publication of UK Personal Lending 2005 32 The consumer credit market will grow at a rate of 4.1 per cent over the next five years under a neutral economic scenario 34 Under a pessimistic view, consumer credit will grow at an average annual rate of just 0.8 per cent for the next five years 36 Under an optimistic view, consumer credit will grow at an average annual rate of 5.5 per cent for the next five years 38 CHAPTER 3 COMPETITOR DEVELOPMENTS IN 2005 41 Updated market share figures year end 2004 41 Notes on the estimation methodology used by Datamonitor to collate market share figures 41 The largest five banking groups account for over 50 per cent of the personal loans market 41 Key developments in the personal loans market in 2005 45 New product launches 45 Regulatory rumblings 54 Bad debt warnings could be an alert that future problems are in store 59 CHAPTER 4 APPENDIX 61 Supplementary data tables 62 Datamonitor’s research methodology 63 Datamonitor’s loans and credit forecasting methodology 63 Definitions 65 Relevant Datamonitor publications 71 Datamonitor’s custom research capabilities 71 The Retail Banking Team 73 How to contact experts in your industry 73 |
|
||||||||
MindBranch has been the leading provider of industry and investment research from more than 550 independent research firms since 1992. With over 90,000 market research reports, MindBranch is your trusted source of competitive business intelligence. |