Secured Lending Market
Description
The global secured lending market was valued at $12.4 trillion in 2023, and is projected to reach $34.3 trillion by 2033, growing at a CAGR of 10.5% from 2024 to 2033.
Secured loans are a distinct form of financial agreement where borrowers offer valuable assets as collateral to secure funding without limitations. This collateral can include items such as homes, luxury cars, or valuable jewelry. Collaterals acts as a safeguard, mitigating the risks linked to the possibility of non-repayment. Owing to this added security, secured loans often come with more favorable conditions for borrowers, such as lower interest rates compared to unsecured loans.
The demand for secured lending is increasing in Tier 2 and Tier 3 cities, fueled by rise in awareness, improved financial literacy, and local economic progress. To cater to diverse borrower needs, lenders are offering more flexible loan products. The various advantages and opportunities provided by secured lending in the financial sector are anticipated to drive the global market growth. However, risk of asset loss in the event of default and the extended processing time required to realize the value of collateral is expected to pose challenges to the market growth.
Rise of digital transformation in lending offers a major opportunity for the secured lending market to boost operational efficiency, enhance customer experiences, streamline risk assessment, and speed up decision-making processes. Fintech companies such as LendingClub, SoFi, and Upstart have transformed the banking landscape with fully digital loan services. These platforms leverage advanced algorithms and alternative data sources for credit evaluations, promoting more inclusive lending practices. A key trend in the secured lending market is the swift adoption of fintech applications, which simplify financial management, support better decision-making, and improve financial literacy. With the seamless integration of bank accounts and lending apps, consumers can easily connect their financial accounts to fintech tools for everyday financial tasks. These developments are driving growth in the secured lending market.
Segment Review:
The secured lending market is segmented into loan type, lender type, end user, and region. By loan type, the market is segmented into auto loans, mortgage loans, business loans, personal loans, and others. By lender type, it is categorized into banks, online lenders, credit unions, mortgage lenders, and others. By end user, the market is segmented into individuals, small & medium enterprises (SMEs), and large enterprises. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
By loan type, the business loan segment held the largest share in the secured lending market for 2023.
By lender type, the banks segment held the largest share in the secured lending market for 2023
By end user, the large enterprise segment held the largest share in the secured lending market for 2023.
Region-wise, North America held largest secured lending market share in 2023. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period.
Competition Analysis:
The report analyzes the profiles of key players operating in the secured lending market such as Social Finance, Inc., Truist Financial Corporation, Barclays PLC, Goldman Sachs Group, DBS Bank Ltd., Wells Fargo, Bank of China, The Hongkong and Shanghai Banking Corporation Limited, Qollateral LLC, AMERANT BANK, N.A, JPMorgan Chase & Co., Citigroup Inc., Bank of America Corporation, The PNC Financial Services Group, Inc., TD Bank, Cholamandalam Investment and Finance Company Ltd., Scotiabank, Antares Capital LP, Zions Bancorporation, and M&T Bank Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the secured lending industry.
Key Market Segments
By Loan Type
Auto loans
Mortgage loans
Business Loan
Personal Loan
Others
By Lender Type
Banks
Online Lender
Credit Unions
Mortgage Lenders
Others
By End User
Individuals
SMEs
Large Enterprise
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Truist Financial Corporation
Social Finance, Inc.
Barclays PLC
Goldman Sachs Group
DBS Bank Ltd.
Wells Fargo
Bank of China
The Hongkong and Shanghai Banking Corporation Limited
JPMorgan Chase & Co.
Citigroup Inc.
Bank of America Corporation
Qollateral LLC
AMERANT BANK, N.A
The PNC Financial Services Group, Inc.
Scotiabank
Zions Bancorporation
M&T Bank Corporation
TD Bank
Antares Capital LP
Cholamandalam Investment and Finance Company Ltd.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Secured loans are a distinct form of financial agreement where borrowers offer valuable assets as collateral to secure funding without limitations. This collateral can include items such as homes, luxury cars, or valuable jewelry. Collaterals acts as a safeguard, mitigating the risks linked to the possibility of non-repayment. Owing to this added security, secured loans often come with more favorable conditions for borrowers, such as lower interest rates compared to unsecured loans.
The demand for secured lending is increasing in Tier 2 and Tier 3 cities, fueled by rise in awareness, improved financial literacy, and local economic progress. To cater to diverse borrower needs, lenders are offering more flexible loan products. The various advantages and opportunities provided by secured lending in the financial sector are anticipated to drive the global market growth. However, risk of asset loss in the event of default and the extended processing time required to realize the value of collateral is expected to pose challenges to the market growth.
Rise of digital transformation in lending offers a major opportunity for the secured lending market to boost operational efficiency, enhance customer experiences, streamline risk assessment, and speed up decision-making processes. Fintech companies such as LendingClub, SoFi, and Upstart have transformed the banking landscape with fully digital loan services. These platforms leverage advanced algorithms and alternative data sources for credit evaluations, promoting more inclusive lending practices. A key trend in the secured lending market is the swift adoption of fintech applications, which simplify financial management, support better decision-making, and improve financial literacy. With the seamless integration of bank accounts and lending apps, consumers can easily connect their financial accounts to fintech tools for everyday financial tasks. These developments are driving growth in the secured lending market.
Segment Review:
The secured lending market is segmented into loan type, lender type, end user, and region. By loan type, the market is segmented into auto loans, mortgage loans, business loans, personal loans, and others. By lender type, it is categorized into banks, online lenders, credit unions, mortgage lenders, and others. By end user, the market is segmented into individuals, small & medium enterprises (SMEs), and large enterprises. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
By loan type, the business loan segment held the largest share in the secured lending market for 2023.
By lender type, the banks segment held the largest share in the secured lending market for 2023
By end user, the large enterprise segment held the largest share in the secured lending market for 2023.
Region-wise, North America held largest secured lending market share in 2023. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period.
Competition Analysis:
The report analyzes the profiles of key players operating in the secured lending market such as Social Finance, Inc., Truist Financial Corporation, Barclays PLC, Goldman Sachs Group, DBS Bank Ltd., Wells Fargo, Bank of China, The Hongkong and Shanghai Banking Corporation Limited, Qollateral LLC, AMERANT BANK, N.A, JPMorgan Chase & Co., Citigroup Inc., Bank of America Corporation, The PNC Financial Services Group, Inc., TD Bank, Cholamandalam Investment and Finance Company Ltd., Scotiabank, Antares Capital LP, Zions Bancorporation, and M&T Bank Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the secured lending industry.
Key Market Segments
By Loan Type
Auto loans
Mortgage loans
Business Loan
Personal Loan
Others
By Lender Type
Banks
Online Lender
Credit Unions
Mortgage Lenders
Others
By End User
Individuals
SMEs
Large Enterprise
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Truist Financial Corporation
Social Finance, Inc.
Barclays PLC
Goldman Sachs Group
DBS Bank Ltd.
Wells Fargo
Bank of China
The Hongkong and Shanghai Banking Corporation Limited
JPMorgan Chase & Co.
Citigroup Inc.
Bank of America Corporation
Qollateral LLC
AMERANT BANK, N.A
The PNC Financial Services Group, Inc.
Scotiabank
Zions Bancorporation
M&T Bank Corporation
TD Bank
Antares Capital LP
Cholamandalam Investment and Finance Company Ltd.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
250 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Lower interest rates making it more affordable for borrowers
- 3.4.1.2. Longer repayment periods reducing strain on cash flow
- 3.4.1.3. Easy to meet loan requirement in secured lending market
- 3.4.2. Restraints
- 3.4.2.1. Risk of Asset Loss in case of default
- 3.4.2.2. Longer Processing Time to access the value of the collateral
- 3.4.3. Opportunities
- 3.4.3.1. Digital transformation in secured lending Landscape
- CHAPTER 4: SECURED LENDING MARKET, BY LOAN TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Auto loans
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Mortgage loans
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Business Loan
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Personal Loan
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- CHAPTER 5: SECURED LENDING MARKET, BY LENDER TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Banks
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Online Lender
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Credit Unions
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Mortgage Lenders
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- CHAPTER 6: SECURED LENDING MARKET, BY END USER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Individuals
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. SMEs
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Large Enterprise
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- CHAPTER 7: SECURED LENDING MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Loan Type
- 7.2.3. Market size and forecast, by Lender Type
- 7.2.4. Market size and forecast, by End User
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Loan Type
- 7.2.5.1.2. Market size and forecast, by Lender Type
- 7.2.5.1.3. Market size and forecast, by End User
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Loan Type
- 7.2.5.2.2. Market size and forecast, by Lender Type
- 7.2.5.2.3. Market size and forecast, by End User
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Loan Type
- 7.3.3. Market size and forecast, by Lender Type
- 7.3.4. Market size and forecast, by End User
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Loan Type
- 7.3.5.1.2. Market size and forecast, by Lender Type
- 7.3.5.1.3. Market size and forecast, by End User
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Loan Type
- 7.3.5.2.2. Market size and forecast, by Lender Type
- 7.3.5.2.3. Market size and forecast, by End User
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Loan Type
- 7.3.5.3.2. Market size and forecast, by Lender Type
- 7.3.5.3.3. Market size and forecast, by End User
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Loan Type
- 7.3.5.4.2. Market size and forecast, by Lender Type
- 7.3.5.4.3. Market size and forecast, by End User
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Loan Type
- 7.3.5.5.2. Market size and forecast, by Lender Type
- 7.3.5.5.3. Market size and forecast, by End User
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Loan Type
- 7.3.5.6.2. Market size and forecast, by Lender Type
- 7.3.5.6.3. Market size and forecast, by End User
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Loan Type
- 7.4.3. Market size and forecast, by Lender Type
- 7.4.4. Market size and forecast, by End User
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Loan Type
- 7.4.5.1.2. Market size and forecast, by Lender Type
- 7.4.5.1.3. Market size and forecast, by End User
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Loan Type
- 7.4.5.2.2. Market size and forecast, by Lender Type
- 7.4.5.2.3. Market size and forecast, by End User
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Loan Type
- 7.4.5.3.2. Market size and forecast, by Lender Type
- 7.4.5.3.3. Market size and forecast, by End User
- 7.4.5.4. Australia
- 7.4.5.4.1. Market size and forecast, by Loan Type
- 7.4.5.4.2. Market size and forecast, by Lender Type
- 7.4.5.4.3. Market size and forecast, by End User
- 7.4.5.5. South Korea
- 7.4.5.5.1. Market size and forecast, by Loan Type
- 7.4.5.5.2. Market size and forecast, by Lender Type
- 7.4.5.5.3. Market size and forecast, by End User
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Loan Type
- 7.4.5.6.2. Market size and forecast, by Lender Type
- 7.4.5.6.3. Market size and forecast, by End User
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Loan Type
- 7.5.3. Market size and forecast, by Lender Type
- 7.5.4. Market size and forecast, by End User
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Loan Type
- 7.5.5.1.2. Market size and forecast, by Lender Type
- 7.5.5.1.3. Market size and forecast, by End User
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Loan Type
- 7.5.5.2.2. Market size and forecast, by Lender Type
- 7.5.5.2.3. Market size and forecast, by End User
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Loan Type
- 7.5.5.3.2. Market size and forecast, by Lender Type
- 7.5.5.3.3. Market size and forecast, by End User
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
- CHAPTER 9: COMPANY PROFILES
- 9.1. Social Finance, Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Truist Financial Corporation
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Barclays PLC
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. Goldman Sachs Group
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. DBS Bank Ltd.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. Wells Fargo
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. Bank of China
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. The Hongkong and Shanghai Banking Corporation Limited
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Qollateral LLC
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. AMERANT BANK, N.A
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.11. JPMorgan Chase & Co.
- 9.11.1. Company overview
- 9.11.2. Key executives
- 9.11.3. Company snapshot
- 9.11.4. Operating business segments
- 9.11.5. Product portfolio
- 9.11.6. Business performance
- 9.12. Citigroup Inc.
- 9.12.1. Company overview
- 9.12.2. Key executives
- 9.12.3. Company snapshot
- 9.12.4. Operating business segments
- 9.12.5. Product portfolio
- 9.12.6. Business performance
- 9.12.7. Key strategic moves and developments
- 9.13. Bank of America Corporation
- 9.13.1. Company overview
- 9.13.2. Key executives
- 9.13.3. Company snapshot
- 9.13.4. Operating business segments
- 9.13.5. Product portfolio
- 9.13.6. Business performance
- 9.14. The PNC Financial Services Group, Inc.
- 9.14.1. Company overview
- 9.14.2. Key executives
- 9.14.3. Company snapshot
- 9.14.4. Operating business segments
- 9.14.5. Product portfolio
- 9.14.6. Business performance
- 9.15. TD Bank
- 9.15.1. Company overview
- 9.15.2. Key executives
- 9.15.3. Company snapshot
- 9.15.4. Operating business segments
- 9.15.5. Product portfolio
- 9.15.6. Business performance
- 9.16. Cholamandalam Investment and Finance Company Ltd.
- 9.16.1. Company overview
- 9.16.2. Key executives
- 9.16.3. Company snapshot
- 9.16.4. Operating business segments
- 9.16.5. Product portfolio
- 9.16.6. Business performance
- 9.17. Scotiabank
- 9.17.1. Company overview
- 9.17.2. Key executives
- 9.17.3. Company snapshot
- 9.17.4. Operating business segments
- 9.17.5. Product portfolio
- 9.17.6. Business performance
- 9.18. Antares Capital LP
- 9.18.1. Company overview
- 9.18.2. Key executives
- 9.18.3. Company snapshot
- 9.18.4. Operating business segments
- 9.18.5. Product portfolio
- 9.19. Zions Bancorporation
- 9.19.1. Company overview
- 9.19.2. Key executives
- 9.19.3. Company snapshot
- 9.19.4. Operating business segments
- 9.19.5. Product portfolio
- 9.19.6. Business performance
- 9.20. M&T Bank Corporation
- 9.20.1. Company overview
- 9.20.2. Key executives
- 9.20.3. Company snapshot
- 9.20.4. Operating business segments
- 9.20.5. Product portfolio
- 9.20.6. Business performance
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