Consumer credit in Italy is expected to see gross lending and the total outstanding balance increase at robust rates throughout the forecast period, with all categories predicted to expand consistently in both respects. Demand for and supply of different types of credit facilities should continue to be bolstered by a favourable macroeconomic environment characterised by steady growth in GDP and real wages, rising employment, moderate inflation and lower interest rates.
Auto lending is projected to be the most dynamic performer within consumer credit in terms of current value growth in gross lending over the forecast period. Subsidies and other incentives offered by the Italian government to stimulate migration to low- and zero-emission vehicles will remain a major driver of demand in the category.
BNPL services offered by platforms like Klarna, Affirm and Afterpay will continue to gain popularity in Italy over the forecast period. Their appeal will remain concentrated among younger age groups, particularly members of Generation Z, though usage levels among older demographics are expected to increase steadily as the business model evolves to allow for higher-value purchases spread over longer instalment plans.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Italy with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Italy, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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