HTF MI recently added Gold Loan Market in India 2020 Market Study that gives deep analysis of current scenario of the Market size, demand, growth, trends, and forecast. Revenue for Gold Loan Market in 2020 Market has grown substantially over the five years to 2019 as a result of strengthening macroeconomic conditions and healthier demand, however with current economic slowdown and Face-off with COVID-19 Industry Players are seeing Big Impact in operations and identifying ways to keep momentum. Gold Loan Market in 2020 Market estimates rely extensively on both the volume and value and due to slowdown price fluctuation in widening demand and supply gap.
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What is Gold Loan Market in India 2020? Who are Major & Emerging Players in Gold Loan Market in 2020 Market
The companies holding the largest market share in the Gold Loan Market in 2020 Market include Axis Bank of India, Central Bank of India, Federal Bank Limited, HDFC Bank Limited, ICICI Limited, Kotak Mahindra Bank Limited, Manappuram Finance Limited, Muthoot Finance Limited, State Bank of India, Union Bank of India
Company 1 Market Share: XX%
Company 2 Market Share: BB%
Company 3 Market Share: ZZ%
In India, gold is considered to be a sign of social status, financial security and cultural legacy. As of 2019, households in India assembled about 25,000 tons of gold, making the country the largest holder of the yellow metal in the world. Rural communities account for ~65% of the total gold demand in the country. Owing to the sentimental value that Indians associate with this indispensable item, people seldom sell it to meet financial emergencies. They prefer to pledge gold as collateral to secure short-term loans. Gold loans enjoy a relatively low interest rate that varies between 9.5% and 24%, and have a flexible tenure (ranging from a few days to 5 years).
The gold loan market in India was valued at ~INR 2,921.42 Bn in 2019 and is expected to reach ~INR 6,275.40 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~12.75% during the 2020-2025 period.
Impact of COVID-19:
The Indian gold loan market has witnessed a positive impact on business during the nationwide lockdown due to the Coronavirus pandemic. Gold loan products have experienced rapid growth than other retail banking products during this period. Due to economic distress and job losses, gold is acting as an insurance policy, as well as a retirement plan across India. People are availing gold loans to fulfill their immediate fund requirements.
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Key Highlights of Report:
About Market
Market Overviewè
Product/Service Highlightsè
Market Development Activityè & Future Outlook
Similar Industry [Substitute Product/Services Analysis]è
Industry at a Glance
Gold Loan Market in India 2020 Key Statisticsè
- Market Size (2019): USD XX Million
- Number of Businesses/Players: n-Numbers
- Average Industry Profit Margin: XX%
………………
Snapshotè
Executive Summaryè
Industry Performance
External Driversè
Current Scenario Outlook [Market Trends, Riskè & Return Profile]
Competitive Outlookè
Dominating Players / Competitive Nature
Regulatory Factors
Market /Product Life Cycleè
Segmentation Analysis
Market Size by Type (valueè & Volume) [2014-2025]
Market Size by Application (valueè & Volume) [2014-2025]
Market Size by …………. (Valueè & Volume) [2014-2025]
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Report highlights continued............
Regional Analysis
Demand Determinantsè
Majorè & Emerging Countries & growth Outlook
Market Size by Regionè
Cross Segmentation by Countries
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, LATAM, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt and South Africa.
- Europe: UK, France, Italy, Germany, Spain, BeNeLux, and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, and Australia
Competitive Landscape
Market Share Concentration [CR4, CR8, HHI Index]è
Success Factorsè
PORTER 5-Forces Analysisè
Company Analysis
Market Share Analysis by Playersè
Major Playersè
Emerging Players by Growthè
Company Profilesè
- Business Overview
- Key Financials
- Development Insights [Product launches, M&A, JVs etc]
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In the end, the report includes Gold Loan Market in India 2020 Market new project SWOT analysis, investment feasibility analysis, investment return analysis, and development analysis. The report also presents a round-up of vulnerabilities which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period.
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