Emerging Opportunities in the Latin America Consumer Finance Market: Market Size, Strategies, Products, and Competitive Landscape

Emerging Opportunities in the Latin America Consumer Finance Market: Market Size, Strategies, Products, and Competitive Landscape

Executive Summary

The Brazilian consumer finance market increased in value at a compound annual growth rate (CAGR) of 19.15% during the review period (2007–2011). The success of Brazilian financial services is directly related to the country’s economic growth. After recording declining levels of GDP growth due to the global economic crisis in 2009, the Brazilian GDP grew by positive annual growth rates of 7.5% in 2010 and 3.8% in 2011. Brazil is expected to invest a total of BRL1.3 trillion into housing, construction, and infrastructure development during 2011–2014. This is expected to support the growth of the consumer finance market, especially the mortgage lending category, over the forecast period. The Mexican consumer finance market recorded a negative CAGR of -4.91% during the review period due to global recession. However, the consumer finance market is projected to record a positive CAGR of12.20% over the forecast period. Mexican retailers played a significant role in raising demand for the country’s consumer finance market during the review period. There has been continuous improvement in Mexican retailers’ product offering and strategies in order to increase their sales and revenues. The Chilean consumer finance market recorded a CAGR of 12.28% during the review period. The consumer finance market is projected to record a CAGR of 9.45% over the forecast period. A massive earthquake in Chile in February 2010, had a negative influence on the country’s economic development and significantly affected its infrastructure by damaging roads, commercial buildings and houses. However, this provided opportunities for the Chilean mortgage lending category, as people whose houses were damaged in the earthquake started to seek finance from the government and money lenders to rebuild their houses.

Key highlights of this title

  • Robust economic growth, moderate inflation rates and increasing employment in Latin America are expected to drive the growth of consumer finance products in the region over the forecast period.
  • The personal loans category was the largest product in the Brazilian consumer finance market in 2011, while the mortgage lending category was the fastest growing, category during the review period.
  • The mortgage lending category was the largest in terms of market size in the Mexican consumer finance market, while the auto loans category was the fastest-growing, registering a CAGR of 6.81% during the review period.
  • Mortgage lending was the largest and fastest-growing category in the Chilean consumer finance market, during the review period .This can be attributed to robust real estate industry growth and the earthquake in 2010 which destroyed thousands of houses.
  • The personal loans category was the largest in the Peruvian consumer finance market in 2011, while the auto loans category was the fastest-growing category, registering a CAGR of 27.7% during the review period.

Scope

  • This report provides an extensive analysis on the consumer finance market in Latin America
  • It details historical values of consumer finance market in Latin America for 2007–2011, along with forecast figures for 2012–2016
  • The report provides a detailed analysis on key trends and drivers, marketing strategies, challenges in consumer finance market in Latin America
  • It outlines current regulatory framework in the industry
  • It details the marketing strategies adopted by various banks
  • It profiles the major banks in the Latin America

Reasons to Purchase

  • Make strategic business decisions using top-level historic and forecast market data related to the Latin American consumer finance industry and each market within it
  • Understand the key market trends and growth opportunities within the Latin American consumer finance market
  • Assess the competitive dynamics in the Latin American consumer finance market
  • Gain insights in to the marketing strategies adopted by banks to sell consumer finance products
  • Gain insights into key regulations governing the consumer finance market in Latin American countries

More information available at:

http://bricdata.com/research/report/IS2010MR/

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