| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 8.78 Billion | USD 34.29 Billion | 16.34% | 2024 |
FrequentlyAsked Questions
A Line of Credit (LOC) is a flexible way for banks or other financial institutions to lend money to consumers or businesses. It lets them borrow money up to a certain amount.
The LINE OF CREDIT (LOCs) market is being driven by several factors such as working-capital/liquidity management needs, global trade & cross-border expansion, structural banking/regulatory dynamics, rise of SMEs, and working-capital requirements, among others.
The credit risk/borrower quality constraints pose a significant challenge to the LINE OF CREDIT (LOCs) industry's growth.
Based on the channel, the traditional banks and financial institutions segment is expected to dominate the LINE OF CREDIT (LOCs) market growth during the projected period.
The increasing partnership and advancement in technology pose a major impact factor for the LINE OF CREDIT (LOCs) industry's growth over the projected period.
According to the report, the global LINE OF CREDIT (LOCs) market size was worth around USD 8.78 billion in 2024 and is predicted to grow to around USD 34.29 billion by 2034.
The global LINE OF CREDIT (LOCs) market is expected to grow at a CAGR of 16.34% during the forecast period.
The global LINE OF CREDIT (LOCs) industry growth is expected to be driven by the North America region. It is currently the world’s highest-revenue-generating market, thanks to the presence of major players and growing product innovation.
The global LINE OF CREDIT (LOCs) market is dominated by players like JPMorgan, BofA Securities (Bank of America), Citi, Wells Fargo, Goldman Sachs, Barclays, BNP Paribas, Crédit Agricole CIB, Société Générale (SG CIB), Deutsche Bank, RBC Capital Markets, MUFG, Mizuho, SMBC (Sumitomo Mitsui Financial Group), and HSBC, among others.
The market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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