Credit Cards in Australia

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $350	44 Pages	MarketLine	November, 2024	MTLN19647638

Best Price Guarantee
Price	from $350
Length	44 Pages
Publisher	MarketLine
Published Date	November, 2024
SKU	MTLN19647638

Credit Cards in Australia

Summary

Credit Cards in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 Australian credit cards sector recorded balances outstanding of $23.0 billion in 2023, representing a negative compound annual growth rate (CAGR) of 5.6% between 2018 and 2023.
Sector consumption volume increased with a CAGR of 4.5% between 2018 and 2023, to reach a total of 3.4 billion number of credit card transactions in 2023.
The Australian credit card sector has experienced growth in 2023, driven by various factors. Key contributors to this expansion include a growing economy, increasing consumer spending, and attractive reward programs. According to the Organisation for Economic Co-operation and Development (OECD), 2023, the consumer confidence index in Australia reached 97.9 in December 2023, up from 97.8 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 Australia
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in Australia
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 Australia credit cards market with five year forecasts

Reasons to Buy

What was the size of the Australia credit cards market by value in 2023?
What will be the size of the Australia credit cards market in 2028?
What factors are affecting the strength of competition in the Australia credit cards market?
How has the market performed over the last five years?
What are the main segments that make up Australia's credit cards market?

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. Commonwealth Bank of Australia; 8.2. ANZ Group Holdings Ltd; 8.3. Westpac Banking Corp; 8.4. National Australia Bank Ltd
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: Australia credit cards market value: $ billion, 2018-23; Table 2: Australia credit cards market volume: million number of credit card transactions, 2018-23; Table 3: Australia credit cards market geography segmentation: $ billion, 2023; Table 4: Australia credit cards market value forecast: $ billion, 2023-28; Table 5: Australia credit cards market volume forecast: million number of credit card transactions, 2023-28; Table 6: Commonwealth Bank of Australia: Key Facts; Table 7: Commonwealth Bank of Australia: Annual Financial Ratios; Table 8: Commonwealth Bank of Australia: Key Employees; Table 9: ANZ Group Holdings Ltd: Key Facts; Table 10: ANZ Group Holdings Ltd: Annual Financial Ratios; Table 11: ANZ Group Holdings Ltd: Key Employees; Table 12: Westpac Banking Corp: Key Facts; Table 13: Westpac Banking Corp: Annual Financial Ratios; Table 14: Westpac Banking Corp: Key Employees; Table 15: National Australia Bank Ltd: Key Facts; Table 16: National Australia Bank Ltd: Annual Financial Ratios; Table 17: National Australia Bank Ltd: Key Employees; Table 18: Australia Size of Population (million), 2019-23; Table 19: Australia Real GDP (Constant 2010 Prices, $ Billion), 2019-23; Table 20: Australia GDP (Current Prices, $ Billion), 2019-23; Table 21: Australia Inflation, 2019-23; Table 22: Australia Consumer Price Index (Absolute), 2019-23; Table 23: Australia Exchange Rate, 2018-23
List of Figures: Figure 1: Australia credit cards market value: $ billion, 2018-23; Figure 2: Australia credit cards market volume: million number of credit card transactions, 2018-23; Figure 3: Australia credit cards market geography segmentation: % share, by value, 2023; Figure 4: Australia credit cards market value forecast: $ billion, 2023-28; Figure 5: Australia credit cards market volume forecast: million number of credit card transactions, 2023-28; Figure 6: Forces driving competition in the credit cards market in Australia, 2023; Figure 7: Drivers of buyer power in the credit cards market in Australia, 2023; Figure 8: Drivers of supplier power in the credit cards market in Australia, 2023; Figure 9: Factors influencing the likelihood of new entrants in the credit cards market in Australia, 2023; Figure 10: Factors influencing the threat of substitutes in the credit cards market in Australia, 2023; Figure 11: Drivers of degree of rivalry in the credit cards market in Australia, 2023