openPR Logo
Press release

Payday Loans Market to Hit $48.68 Billion by 2030: Allied Market Research

10-20-2022 07:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allie Market Research

/ PR Agency: Allie Market Research
Payday Loans Market to Hit $48.68 Billion by 2030: Allied Market

As per the report published by Allied Market Research, the global payday loans market generated $32.48 billion in 2020, and is expected to reach $48.68 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030.

Download Free Sample Report (Get Detailed Analysis in PDF - 280 Pages): https://www.alliedmarketresearch.com/request-sample/10377

Rise in awareness regarding payday loans among youth population and fast loan approval with no restriction on usage drive the growth of the global payday loans market. However, high-interest rates hinder the market growth. On the other hand, rise in adoption of advanced technology among payday lenders and presence of a large number of payday lenders are expected to open lucrative opportunities for the market players in the future.

Covid-19 Scenario:

The Covid-19 pandemic affected millions of people due to rise in unemployment and financial hardships. As payday is only available to employed people with a steady source of income, the market growth reduced during the pandemic.
Decline in support from NGOs and reduction in payday loans government schemes affected the market negatively.

Interested to Procure the Data? Inquire here @: https://www.alliedmarketresearch.com/purchase-enquiry/10377

The report segments the global payday loans market on the basis of type, marital status, brokerage type, and region.

Based on type, the report is divided into storefront payday loans and online payday loans. The storefront payday loans segment held the largest share in 2020, accounting for nearly three-fifths of the market. However, the online payday loans segment is projected to register the highest CAGR of 5.7% during the forecast period.

On the basis of marital status, the report is classified into married and single. The single segment held the largest share in 2020, contributing to more than two-thirds of the market. However, the married segment is estimated to manifest the highest CAGR of 5.8% from 2021 to 2030.

The global payday loans market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion's share in 2020, accounting for more than two-fifths of the market. However, Asia-Pacific is anticipated to portray the highest CAGR of 6.2% during the forecast period.

Get Detailed COVID-19 Impact Analysis On The Payday Loans Market: https://www.alliedmarketresearch.com/request-for-customization/10377?reqfor=covid

The global payday loans market includes an in-depth analysis of the prime market players such as Cashfloat, Creditstar, CashNetUSA, Myjar, Lending Stream, Speedy Cash, Silver Cloud Financial, Inc., Titlemax, THL Direct, and TMG Loan Processing.

Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Top Impacting Factors

Growing Awareness about the Payday Loan among the Youth Population

Large Number of Payday Lenders

Payday Loans Market Report Highlights

BY REGION:
NORTH AMERICA (US, Canada)EUROPE (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)ASIA PACIFIC (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)LAMEA (Latin America, Middle East, Africa)

Key Market Players :CASHFLOAT, CASHNETUSA, CREDITSTAR, LENDING STREAM, MYJAR, SILVER CLOUD FINANCIAL, INC, SPEEDY CASH, THL DIRECT, TITLEMAX, TMG LOAN PROCESSING

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Follow Us on | Facebook | LinkedIn | YouTube |

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Payday Loans Market to Hit $48.68 Billion by 2030: Allied Market Research here

News-ID: 2774669 • Views: โ€ฆ

More Releases from Allie Market Research

Coal to Liquid Fuel Market Exploring Future Growth 2021-2031 and Key Players - Envidity Energy Inc., Altona Energy
Coal to Liquid Fuel Market Exploring Future Growth 2021-2031 and Key Players - E โ€ฆ
The coal to liquid fuel market size was valued at $3.4 billion in 2021, and coal to liquid fuel industry is estimated to reach $7.7 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031. ๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:https://www.alliedmarketresearch.com/request-sample/2723 The coal-to-liquid (CTL) fuel market represents a unique sector within the broader energy landscape, offering an alternative route for producing liquid fuels from coal. This process involvesโ€ฆ
C5 Resins Market Projected to Hit $1.2 Billion By 2032 | Growth with Recent Trends & Demand
C5 Resins Market Projected to Hit $1.2 Billion By 2032 | Growth with Recent Tren โ€ฆ
According to the report, the C5 resin market valued for $0.8 billion in 2022 and is estimated to reach $1.2 billion by 2032, exhibiting a CAGR of 4.5% from 2023 to 2032. Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/75073 Prime determinants of growth- The global C5 resins market is driven by factors such as, an increase in demand for sealant and adhesive from the packaging industry, and an upsurge inโ€ฆ
Breathing Life into Sustainability: Exploring the Carbon Dioxide Market Landscape by 2031
Breathing Life into Sustainability: Exploring the Carbon Dioxide Market Landscap โ€ฆ
Allied Market Research recently unveiled an extensive report titled "Chemical Technology Market," covering a spectrum of technologies including Artificial Intelligence, Sodium-Ion Batteries, Nanozymes, Blockchain, Nanosensors, Nanopesticides, Metal Organic Frameworks (MFOs), 3D-Printing, and more. The report also explores applications such as Petrochemicals and Polymers, Fertilizers and Agrochemicals, among others. According to the report, the global chemical technology industry attained a valuation of $1.4 billion in 2021 and is anticipated to reachโ€ฆ
Emission Monitoring System Market: Top Manufacturers, Industry Growth, and Development Factors by 2031 | Growing at a CAGR of 8.8%
Emission Monitoring System Market: Top Manufacturers, Industry Growth, and Devel โ€ฆ
Allied Market Research published a report on the Emission Monitoring System Market by Component (Hardware, Services), by End-User (Industrial, Energy and Utilities, Others), by System Type (CEMS, PEMS): Global Opportunity Analysis and Industry Forecast, 2021-2031. The global emission monitoring system market was valued at $3.8 billion in 2021, and is projected to reach $8.7 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031. Download Report Sampleโ€ฆ

All 5 Releases


More Releases for Allied

Global Leather and Allied Products Market | Global Leather and Allied Products I โ€ฆ
The leather and allied products market comprises of sales of leather and allied products by individuals (organizations, sole traders and partnerships) that introduce the leather and allied products. The Leather and allied product producers transmute hides into leather by tanning or preserving and fabricating the leather into the products for final consumption, and/or introduce the similar products from other materials, comprising the products (except apparel) made from "leather substitutes likewiseโ€ฆ
Allied Market Research
"World Castration-Resistant Prostate Cancer (CRPC) Therapeutics - Market Opportunity and Forecast, 2014-2020", the global CRPC therapeutics market would generate a revenue of $9.5 billion by 2020, registering a CAGR of 9.1% from 2015 to 2020. Hormonal therapy segment spearheads among all the therapy types, governing around 4/5th of the global market value in 2014 and would sustain its market position throughout 2020. Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/694 The global CPRC therapeuticsโ€ฆ
Pneumatic Nebulizers Market |Aerogen,Allied Healthcare,Briggs Healthcare
Some of the notable players operating in pneumatic nebulizers market are Philips Respironics, DeVilbiss Healthcare, Omron Corporation, and Becton, Dickinson and Company. Firms are adopting novel product launch and strategic collaborations to reap profit and gain competitive advantage. Pneumatic Nebulizers Market size is set to exceed USD 875 million by 2024.Rising elderly population across the globe will stimulate global pneumatic nebulizers market growth over the forthcoming period. Geriatric population is proneโ€ฆ
Allied Market Research
The global supply chain analytics market is expected to register substantial growth in the near future and this is attributed to the growing need to improve visibility on supply chain operations such as orders, shipments, and inventory. The high statistical forecast accuracy and real-time measurement of supply chain events has further encouraged the growth of supply chain analytics market during the forecast period. The lack of awareness regarding supply chainโ€ฆ
Carotenoids Market 2017 - DSM, BASF, Allied Biotech, FMC
Apex Research, recently published a detailed market research study focused on the "Carotenoids Market" across the global, regional and country level. The report provides 360ยฐ analysis of "Carotenoids Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Carotenoids industry, and estimates the future trend of Carotenoids market on the basis of thisโ€ฆ
Daktronics Wins IDEA Allied Achievement Award
BROOKINGS, S.D. โ€“ February 25, 2010 โ€“ Daktronics was presented with the Information Display and Entertainment Association (IDEA) Allied Achievement Award during the Annual IDEA conference that took place 14-17 February in Tampa Bay, Fla. The Allied Achievement Award gives honor to a current Allied IDEA member organization for industry innovations, support of the large screen video industry, and support of the IDEA organization. The member organization has to beโ€ฆ