Low Penetration to Drive Chinese Credit Card MarketBy: Shushmul Maheshwari
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Low Penetration to Drive Chinese Credit Card Market
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Chinese credit card market has grown at a rapid pace over the past few years on account of robust economic growth, rising income levels, growing middle class population and most importantly government initiatives. The total number of credit cards in circulation climbed to an estimated 150 Million by the end of 2008. Considering the current market turmoil, the credit card market in China is projected to grow at a CAGR of more than 28% by 2013, according to our new research report, “China Credit Card Market Outlook to 2013”.
However, the projected growth is almost half to the growth of more than 50% recorded during 2008 due to tight financial policies and job cuts. Despite this, low credit card penetration in China will be the major factor for future growth in credit cards, says the report. With over 1.3 Billion population base, credit card penetration stood at just over 11% at the end of 2008. In contrast, debit card penetration was clocked at over 100% with one people estimated to have more than one debit card. Huge gap between debit card and credit card penetration represents tremendous growth potential in the Chinese credit card market.
If we look at the credit card penetration at geographical level, most of the credit card usage is concentrated to the big cities like Shanghai and Beijing having majority of urban population. Semi-urban and rural areas still remain untapped, implying that the country offers immense opportunities to credit card players to exploit the untapped areas.
“China Credit Card Market Outlook to 2013” provides extensive research and rationale analysis on the credit card industry in China. The report thoroughly studies the current industry trends to facilitate clients to evaluate growth opportunities in credit card industry. Forecast in this research has been made considering the possible impact of recession on the industry. In this regard, the report will help clients to have proper insight of the current and the future outlook of credit cards market in China.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM002.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com |
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| Keywords |
China Credit Card Market Outlook to 2013, Credit Card Market of China, China Credit Card Market, China Credit Card Industry |
| Category |
Finance |
| Submission Date |
May 21, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Finance |
| 1. |
RNCOS Releases a New Report- South African Insurance Industry Forecast till 2012
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RNCOS has recently added a new Market Research Report titled, “South African Insurance Industry Forecast till 2012” to its report gallery. The market research report, “South African Insurance Industry Forecast till 2012”, by RNCOS provides extensive research and in-depth analysis of the insurance sector in South Africa. This report will help the client to evaluate the leading-edge opportunities critical to the success of the insurance industry in the country. Detailed analysis supplemented with data will help in examining the evolving South African insurance market.
The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers.
Following conversions have been used in the report at the exchange rate of given years:
1 ZAR = US$ 0.157603171 (As on December 31, 2005)
1 ZAR = US$ 0.1418701321 (As on December 31, 2006)
1 ZAR = US$ 0.157424855 (As on September 30, 2005)
Key Findings
- By net premium, the South African long-term and short-term insurance market is expected to grow at the CAGR of nearly 12% and 17% respectively for the period 2007-2012.
- South African reinsurance market is expected to grow at a CAGR of 12% during 2007-2012 attributed to increasing natural disasters like earthquakes, floods etc.
- Motor and property insurance accounted for over three-fourth of the total short-term insurance market by net premium.
- Homeowner and motor insurance is anticipated to emerge as big opportunity areas for the South African insurance market.
- Material non-disclosure and misrepresentation to continue to be responsible for the highest number of fraud cases.
Key Issues & Facts
- Which factors will lead to the growth of long-term and short-term insurance in South Africa?
- What are the emerging opportunities and challenges for the industry players?
- What are the most prospective areas for investment in the insurance sector in near future?
- What are the driving forces for the South African insurance industry?
- Who are the key players in the South African insurance market?
Key Players
This section talks about the key players operating in the South Africa insurance industry, including Santam Limited, Mutual & Federal Insurance Company Limited, Hollard Insurance and Guardrisk under Short-term Insurers. Old Mutual South Africa, Sanlam Limited and Liberty Group Limited under Long-term Insurers.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM580.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
Russian Insurance Industry Gaining from Economic Stability
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Although the Russian insurance industry is fairly underdeveloped, it has immense growth potential and is poised to grow rapidly in coming years, said “Russian Insurance Industry Forecast to 2010”, a new research report from RNCOS. The value of the life insurance market is expected to grow at a CAGR of 4.6% during 2008-2011.
Many government initiatives such as opening insurance sector to foreign insurers and relatively stable economic environment in this tough time of economic downturn have not only given impetus to the insurance sector, but also encouraged people to invest in long-term products such as general insurance and life insurance in particular. Moreover, insurance companies will have to launch new products in the market to tap the rising demand. Amendments in tax regulations have reduced the size of non-risk-based products, making the market more transparent.
With the enactment of laws that mandate property insurance, the overall insurance market will certainly see an upward movement. At present, the Russian insurance market is fragmented and unstructured, with around 100 companies operating in it, most being very small and inadequately capitalized. However, the market will gradually stabilize on account of increasing trends of consolidation and regulatory developments.
“Russian Insurance Industry Forecast to 2010” provides broad overview of the Russian insurance industry and explores the market development and potential. The report also provides rational outlook and forecast on various segments of the industry, but they are not based on the complex economic model and instead give rough guide to the direction in which the market is likely to move.
The forecasts given in the report include per head disposable income, GDP per head, number of insurance companies, life and non-life insurance premium, aviation insurance premium, cargo insurance premium and reinsurance premium. The forecast enables clients to devise business strategy in accordance to the Russian insurance market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM099.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 3. |
RNCOS New Report- Booming China Insurance Sector
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RNCOS New Report- Booming China Insurance Sector
RNCOS has recently added a new Market Research Report titled, "Booming China Insurance Sector" to its report gallery. China is one of the largest untapped and fastest growing insurance markets in the world. With rapid economic development and a burgeoning consumer class, China has the potential to become one of the most significant insurance markets in the world. Driven by a variety of demographic, economic and regulatory factors, this growth should continue at a solid pace in the foreseeable future, says our recent research report, “Booming China Insurance Sector”.
Exploring the market development and potential, this research report offers objective analysis on China’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future. This report therefore serves to provide foreign investors with an in-depth understanding of China’s insurance market.
Key findings of the report are:
- Personal insurance premium income is forecasted to grow at a CAGR of about 24% during our forecast period spanning from 2008 to 2012.
- Life insurance premium income is expected to rise to about RMB 1384 Billion by the end of 2012, growing at CAGR of about 25.5%.
- Growing role of bancassurance and investment-linked insurance products will decide the future of life insurance industry in the country.
- Property insurance premium income is forecasted to grow at CAGR of about 21% during 2008-2012.
- Booming China’s automobile (including two- and three-wheelers) industry will continue driving country’s property insurance market during the forecast period.
Report features:
- Detailed analysis on the current status of insurance market in China.
- Overview on the fastest growing products.
- Future outlook of the Chinese insurance market.
- Growth prospects and major roadblocks in the market.
Major players discussed in the report are:
This section provides an insight on key players in the insurance market of China. These include China Life Insurance Company Limited, PICC Property & Casualty Ltd, Ping An Group and China Pacific Insurance (Group) Co. Ltd.
Information in the report has been sourced from:
Books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Research methodology used in the report is:
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM165.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 4. |
Ukraine Banks Extending Credit to Corporate, RNCOS Predicts High Growth
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Our new research report, “Booming Ukraine Banking Sector”, says that bank loans in the Ukraine banking industry are projected to grow at a CAGR of nearly 66% in terms of national currency during 2008-2012. Both short and log-term lending will witness robust growth during the forecasted period.
High growth prospects of lending in the country are attributed to strong growth in consumer credit (rising from low base), including mortgages and car loans, and better lending possibilities in the corporate sector due to improving finances of enterprises.
As per the report, corporate loans make up for more than two-third of the overall bank loans whereas corporate deposits represent nearly half of the share in the Ukraine banking industry. Both the segments are expected to drive the industry in future, with rising demand for corporate banking services stemming from huge investment across all the industries in the country.
The demand for corporate loans surged tremendously at a CAGR of around 54.35% from 2004 to 2007, and is expected to sustain the same growth rate during the forecasted period. In addition, economic entities are boosting the demand for loans to expand their business activities.
Apart from this, lending by the commercial banks in Ukraine will get support of strong growth in medium-term domestic deposits and growing borrowing abroad by the banks. However, despite several years of robust expansion, the lending in the country is still lower than more developed transition economies in Central Europe.
Our new market research report, “Booming Ukraine Banking Sector”, is a comprehensive and analytical study of the thriving banking industry of the Southeastern European country. It thoroughly analyzes the basket of products and services offered by the industry. It also helps clients to understand the leading-edge opportunities critical to the success of the banking industry as well as helps investors, financial service providers and global banking players to navigate through the market.
The report also provides forecast on personal disposable income, banking industry assets, deposits with banking industry, banking industry loans, internet penetration, and the number of ATMs & payment terminals.
For more information visit: http://www.rncos.com/Report/IM122.htm
Current Industry News: http://www.rncos.com/Blog/
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| 5. |
RNCOS New Report- Booming China Insurance Sector
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RNCOS New Report- Booming China Insurance Sector
RNCOS has recently added a new Market Research Report titled, "Booming China Insurance Sector" to its report gallery. China is one of the largest untapped and fastest growing insurance markets in the world. With rapid economic development and a burgeoning consumer class, China has the potential to become one of the most significant insurance markets in the world. Driven by a variety of demographic, economic and regulatory factors, this growth should continue at a solid pace in the foreseeable future, says our recent research report, “Booming China Insurance Sector”.
Exploring the market development and potential, this research report offers objective analysis on China’s insurance industry. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a guide to the direction in which the market is likely to move in future. This report therefore serves to provide foreign investors with an in-depth understanding of China’s insurance market.
Key findings of the report are:
- Personal insurance premium income is forecasted to grow at a CAGR of about 24% during our forecast period spanning from 2008 to 2012.
- Life insurance premium income is expected to rise to about RMB 1384 Billion by the end of 2012, growing at CAGR of about 25.5%.
- Growing role of bancassurance and investment-linked insurance products will decide the future of life insurance industry in the country.
- Property insurance premium income is forecasted to grow at CAGR of about 21% during 2008-2012.
- Booming China’s automobile (including two- and three-wheelers) industry will continue driving country’s property insurance market during the forecast period.
Report features:
- Detailed analysis on the current status of insurance market in China.
- Overview on the fastest growing products.
- Future outlook of the Chinese insurance market.
- Growth prospects and major roadblocks in the market.
Major players discussed in the report are:
This section provides an insight on key players in the insurance market of China. These include China Life Insurance Company Limited, PICC Property & Casualty Ltd, Ping An Group and China Pacific Insurance (Group) Co. Ltd.
Information in the report has been sourced from:
Books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Research methodology used in the report is:
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM165.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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