2023 U.S. Industry Statistics & Market Forecast - Consumer Lending

Published: May 2023

Industry Insights

The Consumer Lending industry is facing several key trends that are impacting the market landscape. One of the most notable trends is the increasing competition within the industry. With the widespread availability of online and mobile banking services, consumers have more options than ever before when it comes to choosing a lender.

Another significant trend is the shift towards digitization and automation. Many lenders are investing heavily in technologies such as machine learning and artificial intelligence to improve the efficiency and accuracy of their lending processes. Additionally, there is a growing trend towards alternative lending models, such as peer-to-peer lending, which allow consumers to borrow from individual investors rather than traditional banks.

Regulatory changes are also having an impact on the Consumer Lending industry. Many governments are introducing new regulations aimed at protecting consumers and ensuring fair lending practices. This includes a focus on transparency and responsible lending, and may result in increased compliance costs for lenders.

Finally, changes in consumer behavior and attitudes are impacting the industry. Younger generations are more focused on financial sustainability and responsible borrowing, and are less likely to take on debt than previous generations. This is leading many lenders to tailor their offerings to appeal to these consumers, with more flexible and personalized loan products becoming increasingly popular.

Product & Services Breakdown

Research products and services in the Consumer Lending industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description	Number of Companies	Sales ($ millions)	Percent of Total Sales
Industry Total
Loan Services - Income
Loans To Financial Businesses
Loans To Non-Financial Businesses
Residential Mortgage Loans
Vehicle Loans, Consumer
All Other Secured Or Guaranteed Loans To Consumers
Unsecured Loans To Consumers
Leasing Services - Income
Operating Leases - Other
Installment Credit Services - Income
Sales Financing, Business
Sales Financing, Consumer
Other Credit Financing Services - Income
Other Products Supporting Financial Services - Fees

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	12%	Order at top of page
Chief Executives	0%
General and Operations Managers	5%
Operations Specialties Managers	6%
Business and Financial Operations Occupations	35%
Business Operations Specialists	5%
Financial Specialists	30%
Credit Counselors and Loan Officers	23%
Loan Officers	23%
Sales and Related Occupations	11%
Office and Administrative Support Occupations	36%
Information and Record Clerks	24%
Customer Service Representatives	6%
Customer Service Representatives	6%
Loan Interviewers and Clerks	18%
Loan Interviewers and Clerks	18%

Source: Bureau of Labor Statistics

Consumer Lending Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Consumer Lending industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Consumer Lending industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Consumer Lending industry.

Government Contracts

In 2022, the federal government spent a total of $0 on Consumer Lending. It has awarded 0 contracts to 0 companies, with an average value of $0 per company.   

Most Recent Contracts	Date	Total Award Amount