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Credit Cards in Australia

Summary
Credit Cards in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the credit cards market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in Australia
- 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 Australia credit cards market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the Australia credit cards market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buys
- What was the size of the Australia credit cards market by value in 2016?
- What will be the size of the Australia credit cards market in 2021?
- What factors are affecting the strength of competition in the Australia credit cards market?
- How has the market performed over the last five years?
- How large is Australia’s credit cards market in relation to its regional counterparts?

Key Highlights
The credit cards profile covers the consumer credit market.

The Australian credit cards market had total balances outstanding of $35.0bn in 2016, representing a compound annual growth rate (CAGR) of 0.8% between 2012 and 2016.

Credit card transaction volume has continued to grow, with 2016 seeing a record 241.0 million transactions per month.

Credit cards in Australia are rapidly becoming one of the most common causes of personal bankruptcy with indications of major banks granting inappropriate credit limits.