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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 | Jul 2016

Banking on support: Firms are set to struggle as competition grows and interest rates remain low

IBISWorld’s Banks market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
£121bn
Annual Growth 12-17
4.5%
Annual Growth 17-22
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Profit
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Employment
356,273
Businesses
331
Industry Analysis & Industry Trends

Over the past five years, increases in retail lending activity, prompted by an upturn in the housing market, have supported growth in the industry. The flow of credit available to banks also improved. Industry revenue is expected to increase at a compound annual rate of 4.5% over the five years through 2016-17. However, commercial lending activity remained weak, despite beginning to improve during the latter part of the period, and constrained industry growth. The tightening regulatory environment and very strict lending criteria also restricted lending activity and curbed industry expansion. In addition, the low interest rate environment curbed growth over the past five years.

In 2016-17, IBISWorld expects revenue to expand by 3.9% to £121 billion... 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 limits the scope for additional borrowing by consumers or businesses. However, government initiatives targeted at the housing market should propel growth over the coming period.

The industry's contribution to the economy is expected to grow at a compound annual rate of 4.7% over the 10 years through 2021-22, while the economy is expected to grow at 2.3% over the same period. Alt.. 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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