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Credit Cards in North America

Publisher MarketLine
Published Nov 28, 2024
Length 46 Pages
SKU # MTLN19647840

Description

Credit Cards in North America

Summary

Credit Cards in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • A credit card is a financial product provided by a bank or financial institution that enables the cardholder to borrow money up to an established credit limit for making purchases or withdrawing cash. The cardholder must repay the borrowed amount, either in full or over time, with interest and fees applied if the balance is not settled by the due date. The market scope covers the consumer credit cards market.
  • The North American credit cards sector recorded balances outstanding of $1,262.3 billion in 2023, representing a compound annual growth rate (CAGR) of 5.1% between 2018 and 2023.
  • Sector consumption volume increased with a CAGR of 8% between 2018 and 2023, to reach a total of 66.4 billion number of credit card transactions in 2023.
  • The North American credit card sector has experienced significant growth in 2023, driven by various factors. Key contributors to this expansion include a strong and growing economy, increasing consumer spending, and attractive reward programs. According to the Organisation for Economic Co-operation and Development (OECD), consumer confidence in the US has also been on the rise, with the Consumer Confidence Index reaching 98.1 in December 2023, up from 97.1 in December 2022.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the credit cards market in North America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in North America
  • Leading company profiles reveal details of key credit cards market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the North America credit cards market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the North America credit cards market by value in 2023?
  • What will be the size of the North America credit cards market in 2028?
  • What factors are affecting the strength of competition in the North America credit cards market?
  • How has the market performed over the last five years?
  • Who are the top competitors in North America's credit cards market?

Table of Contents

46 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What have been the most recent market developments?
8 Company Profiles
8.1. JPMorgan Chase & Co.
8.2. Bank of America Corp
8.3. American Express Co
8.4. Citibank NA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: North America credit cards market value: $ billion, 2018-23
Table 2: North America credit cards market volume: million number of credit card transactions, 2018-23
Table 3: North America credit cards market geography segmentation: $ billion, 2023
Table 4: North America credit cards market value forecast: $ billion, 2023-28
Table 5: North America credit cards market volume forecast: million number of credit card transactions, 2023-28
Table 6: JPMorgan Chase & Co.: Key Facts
Table 7: JPMorgan Chase & Co.: Annual Financial Ratios
Table 8: JPMorgan Chase & Co.: Key Employees
Table 9: JPMorgan Chase & Co.: Key Employees Continued
Table 10: Bank of America Corp: Key Facts
Table 11: Bank of America Corp: Annual Financial Ratios
Table 12: Bank of America Corp: Key Employees
Table 13: Bank of America Corp: Key Employees Continued
Table 14: American Express Co: Key Facts
Table 15: American Express Co: Annual Financial Ratios
Table 16: American Express Co: Key Employees
Table 17: American Express Co: Key Employees Continued
Table 18: Citibank NA: Key Facts
Table 19: Citibank NA: Key Employees
Table 20: North America Exchange Rate, 2018-23
List of Figures
Figure 1: North America credit cards market value: $ billion, 2018-23
Figure 2: North America credit cards market volume: million number of credit card transactions, 2018-23
Figure 3: North America credit cards market geography segmentation: % share, by value, 2023
Figure 4: North America credit cards market value forecast: $ billion, 2023-28
Figure 5: North America credit cards market volume forecast: million number of credit card transactions, 2023-28
Figure 6: Forces driving competition in the credit cards market in North America, 2023
Figure 7: Drivers of buyer power in the credit cards market in North America, 2023
Figure 8: Drivers of supplier power in the credit cards market in North America, 2023
Figure 9: Factors influencing the likelihood of new entrants in the credit cards market in North America, 2023
Figure 10: Factors influencing the threat of substitutes in the credit cards market in North America, 2023
Figure 11: Drivers of degree of rivalry in the credit cards market in North America, 2023

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