The India gold loan market was valued at USD 55.52 billion in 2022, and forecasts show that it would increase significantly between 2023 and 2029, with a Compound Annual Growth Rate (CAGR) of 12.22%. It is projected that the market will grow to over USD 124.45 billion throughout this time. A gold loan is a type of secured loan where the collateral is gold jewelry. The gold jewelry is owned by the lender for the length of the loan, which is normally between six months and a year.
India Gold Loan Market Report Scope and Research Methodology
The global India Gold Loan Market is the subject of a recent report from Maximize Market Research. The report offers a thorough overview of the market, including trends in the industry (global and regional) and historical performance of the India Gold Loan market. It is based on substantial primary and secondary research. A thorough study of the India Gold Loan market, including market size, growth forecasts, trends, and complete future roadmaps, is provided in the India Gold Loan market report. In order to fully portray the competitive environment of the worldwide market, it also provides strategic profiling of important India Gold Loan market players.
A thorough analysis of the market competitive landscape, major players, brands, and new product releases in the India Gold Loan industry is included in this study, along with information on acquisitions, mergers, and joint ventures. Additionally, it offers details on market dynamics, drivers, capacity, and industry trends and changes, assisting India Gold Loan industry specialists in staying current with the most recent advancements and sector performance. The market share growth between 2022 and 2029 is also forecasted in the report.
For Better Understanding, Get PDF Boucher of India Gold Loan Market : https://www.maximizemarketresearch.com/request-sample/213911
The primary aim of the study is to present a thorough examination of the India Gold Loan market, incorporating perceptive viewpoints, particulars, and industry-verified statistics. By recording and projecting data for different end-user sectors and their applications into the future, the MMR analyst was able to determine the size of the worldwide India Gold Loan market using a bottom-up methodology.
India Gold Loan Market Regional Insights
In South India, the market for gold loans is sizable and expanding. Approximately 32 percent of India’s overall gold loan market is accounted for by this region. This is due to several things, such as the widespread ownership of gold, the rising demand for gold loans, and the simplicity of obtaining gold loans. With one of the highest percentages of gold ownership in the world, South Indians have a long history of gold ownership. It follows that a sizable amount of collateral is available for gold loans. In South India, gold loans are a common kind of finance for a range of demands, including commercial needs, weddings, and medical bills.
Obtain a PDF Sample of the India Gold Loan Industry : https://www.maximizemarketresearch.com/request-sample/213911
India Gold Loan Market Segmentation
According to market type, the unorganized segment held a nearly 65% market share in 2022 and dominated the India gold loan market. Moneylenders and pawnbrokers have been lending gold to individuals from all walks of life for millennia. Quick gold loans with little paperwork are provided by unorganized players, but the interest rates are extremely expensive. Because they are totally unregulated, clients run the danger of being taken advantage of. A sizeable portion of the populace that traditionally relied on the unorganized sector to fund their requirements is gradually moving to lenders inside the organized sector as financial service companies concentrate on expanding their geographic breadth and market penetration.
by Market Type
Organized
Unorganized
by Type of Lenders
Banks
NBFCs
Others
India Gold Loan Market Key Players
1. Axis Bank of India
2. Central Bank of India
3. Federal Bank Limited
4. HDFC Bank Limited
5. ICICI Limited
6. Kotak Mahindra Bank Limited
7. Manappuram Finance Limited
8. Muthoot Finance Limited
9. State Bank of India
10. Union Bank of India
11. India Infoline Finance Limited
12. Canara Bank
13. Bank of Baroda
14. Punjab National Bank
15. Nitstone Finserv
16. Attica Gold Company
17. Rupeek Gold Loans
18. Reliant Gold Loan
19. Indian Overseas Bank
20. Tamilnad Mercantile Bank
Get More Info about Report : https://www.maximizemarketresearch.com/market-report/india-gold-loan-market/213911/
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
