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Banks in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Banks Market Research Report | SIC K64.191 | May 2014

Banking on growth: The industry is expected to expand despite increasing regulation

IBISWorld’s Banks market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Barclays plc Barclays plc market share
HSBC Holdings HSBC Holdings market share
Lloyds Banking Group Lloyds Banking Group market share
Royal Bank of Scotland Group Royal Bank of Scotland Group market share
Industry Statistics & Market Size
Revenue
£141bn
Annual Growth 10-15
-0.7%
Annual Growth 15-20
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Profit
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Employment
420,139
Businesses
334
Industry Analysis & Industry Trends

The past five years have been some of the most volatile in the history of the banking industry. After a period of surging revenue and profit driven by a credit boom, a strong economy and an unprecedented expansion in banking operations and products, the industry was brought to its knees by the financial crisis in late 2008. As global capital markets plunged and banks stopped lending to each other, massive asset write-downs wiped out banks' equity, resulting in the collapse of Northern Rock and forcing the partial nationalisation of those left standing.

Banks have endured a torrid time, with revenue declining in 2008-09 before increasing strongly in 2009-10 thanks to government bailouts and assistance... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Banks industry is in the mature phase of its life cycle. One of the main indicators of this is the already high level of private sector debt in the United Kingdom, which, relative to the size of the economy, is among the highest in the world. This indicates that the market for loans is near saturation point, with little scope for additional borrowing by consumers or businesses. However, the stabilising economic conditions and government initiatives are expected propel growth over the coming period, although at a relatively slow pace.

The industry's contribution to the economy is expected to grow at a compound annual rate of 2.8% over the 10 years through 2019-20, while the economy is expected to grow at 2.1% over the same period... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Banks Industry?

The Banks industry covers the retail and commercial banking activities of deposit-taking institutions. Retail and commercial banks accept deposits from and make loans to individuals and businesses.

Industry Products
Business loansHome loansPersonal loansBank accounts
 
Industry Activities
Lending to businessesLending to individualsAccepting deposits


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