United States of America (USA) Credit Cards - Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Credit Cards in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The credit cards profile covers the consumer credit cards market.
- The US credit cards sector had total balances outstanding of $801.7 billion in 2021, representing a compound annual growth rate (CAGR) of 0.6% between 2016 and 2021.
- Sector consumption volume increased with a CAGR of 3.5% between 2016 and 2021, to reach a total of 41.3 billion credit card transactions in 2021.
- Decline came as a result of the COVID-19 pandemic in 2020, which caused a significant contraction in the US economy.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the credit cards market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in the United States
- 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 United States credit cards market with five year forecasts
- What was the size of the United States credit cards market by value in 2021?
- What will be the size of the United States credit cards market in 2026?
- What factors are affecting the strength of competition in the United States credit cards market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's credit cards market?
Companies Mentioned
JPMorgan Chase and Co.
Bank of America Corp
Discover Financial Services
Citibank NA
American Express Co
Capital One Bank, (USA), National Association
- 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 are the strengths/weaknesses of the leading players?
- 7.4. What are the main challengers to the incumbents?
- 7.5. How have leading players reacted to the COVID-19 pandemic?
- 8 Company Profiles
- 8.1. JPMorgan Chase and Co.
- 8.2. Bank of America Corp
- 8.3. Discover Financial Services
- 8.4. Citibank NA
- 8.5. American Express Co
- 8.6. Capital One Bank, (USA), National Association
- 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: United States credit cards market value: $ billion, 2017–21
- Table 2: United States credit cards market volume: billion number of credit card transactions, 2017–21
- Table 3: United States credit cards market geography segmentation: $ billion, 2021
- Table 4: United States credit cards market value forecast: $ billion, 2021–26
- Table 5: United States credit cards market volume forecast: billion number of credit card transactions, 2021–26
- Table 6: JPMorgan Chase and Co.: key facts
- Table 7: JPMorgan Chase and Co.: Annual Financial Ratios
- Table 8: JPMorgan Chase and Co.: Key Employees
- Table 9: JPMorgan Chase and 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: Bank of America Corp: Key Employees Continued
- Table 15: Discover Financial Services: key facts
- Table 16: Discover Financial Services: Annual Financial Ratios
- Table 17: Discover Financial Services: Key Employees
- Table 18: Discover Financial Services: Key Employees Continued
- Table 19: Citibank NA: key facts
- Table 20: Citibank NA: Key Employees
- Table 21: American Express Co: key facts
- Table 22: American Express Co: Annual Financial Ratios
- Table 23: American Express Co: Key Employees
- Table 24: American Express Co: Key Employees Continued
- Table 25: Capital One Bank, (USA), National Association: key facts
- Table 26: Capital One Bank, (USA), National Association: Key Employees
- Table 27: United States size of population (million), 2017–21
- Table 28: United States gdp (constant 2005 prices, $ billion), 2017–21
- Table 29: United States gdp (current prices, $ billion), 2017–21
- Table 30: United States inflation, 2017–21
- Table 31: United States consumer price index (absolute), 2017–21
- Table 32: United States exchange rate, 2017–21
- List of Figures
- Figure 1: United States credit cards market value: $ billion, 2017–21
- Figure 2: United States credit cards market volume: billion number of credit card transactions, 2017–21
- Figure 3: United States credit cards market geography segmentation: % share, by value, 2021
- Figure 4: United States credit cards market value forecast: $ billion, 2021–26
- Figure 5: United States credit cards market volume forecast: billion number of credit card transactions, 2021–26
- Figure 6: Forces driving competition in the credit cards market in the United States, 2021
- Figure 7: Drivers of buyer power in the credit cards market in the United States, 2021
- Figure 8: Drivers of supplier power in the credit cards market in the United States, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the credit cards market in the United States, 2021
- Figure 10: Factors influencing the threat of substitutes in the credit cards market in the United States, 2021
- Figure 11: Drivers of degree of rivalry in the credit cards market in the United States, 2021
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