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Australia Commercial Banking Market Size, Growth, Analysis: By Product: Project Finance, Capital Market, Treasury Management, Commercial Lending, Syndicated Loans, Others; By End User: Transportation And Logistics, Construction, Media And Entertainment, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032
Australia Commercial Banking Market Outlook
The Australia commercial banking market size reached USD 217.39 billion in 2023. The market is expected to grow at a CAGR of 3.9% between 2024 and 2032, reaching almost USD 308.82 billion by 2032.
Key Takeaways
- As per industry reports, there are a total of 95 banks across Australia operating with a network of 4,014 branches and 24,695 ATMs, collectively employing 185,778 individuals.
- The banking sector serves approximately 22.9 million customers, alongside nearly 36 credit unions and societies, as well as over 600 non-bank lenders, illustrating the breadth and depth of the financial services industry in the country.
Commercial banking encompasses the financial services sector catering to businesses, offering a suite of products like loans and lines of credit tailored for enterprises of varying sizes. These banks are instrumental in bolstering business growth by providing essential funding for expansion and hiring, alongside risk management solutions like trade financing while driving the Australia commercial banking market growth.
In Australia, the traditional commercial banking market anticipates notable growth in net interest income, amid stiff competition from both global giants and local players. Despite the dominance of major banks, emerging entities such as neobanks and non-bank lenders are making headway with digital-centric offerings, challenging the status quo. Regulatory oversight from entities like APRA and ASIC ensures the integrity of the financial system, while industry associations like the Australian Banking Association and the Mortgage & Finance Association of Australia advocate for member interests and promote industry standards.
As consumer preferences evolve towards digital banking, non-bank lenders are gaining traction, with a notable shift in mortgage market share away from traditional banks. While some neobanks have exited the market, opportunities for growth remain ripe, with venture capital firms bullish on the sector's prospects along with playing a crucial role in the Australia commercial banking market development.
Market Segmentation
Australia Commercial Banking Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Project Finance
- Capital Market
- Treasury Management
- Commercial Lending
- Syndicated Loans
- Others
Market Breakup by End-User
- Transportation And Logistics
- Construction
- Media And Entertainment
- Healthcare
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the commercial banking in Australia follow standard merger and acquisitions, offer low interest rates and improved products/services to support end users in the market.
- JPMorgan Chase & Co.
- State Bank of India, Australia
- Fidante Partners Limited
- Westpac Banking Corporation
- Citigroup Inc.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Commercial Banking Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Commercial Banking Historical Market (2018-2023)
8.3 Asia Pacific Commercial Banking Market Forecast (2024-2032)
9 Australia Commercial Banking Market Overview
9.1 Key Industry Highlights
9.2 Australia Commercial Banking Historical Market (2018-2023)
9.3 Australia Commercial Banking Market Forecast (2024-2032)
10 Australia Commercial Banking Market by Product
10.1 Project Finance
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Capital Market
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Treasury Management
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Commercial Lending
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Syndicated Loans
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Australia Commercial Banking Market by End User
11.1 Transportation And Logistics
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Construction
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Media And Entertainment
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Healthcare
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Commercial Banking Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 JPMorgan Chase & Co.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 State Bank of India, Australia
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Fidante Partners Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Westpac Banking Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Citigroup Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Commercial Banking Market: Key Industry Highlights, 2018 and 2032
2. Australia Commercial Banking Market: Key Industry Highlights, 2018 and 2032
3. Australia Commercial Banking Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Australia Commercial Banking Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Australia Commercial Banking Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Australia Commercial Banking Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Australia Commercial Banking Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Australia Commercial Banking Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Australia Commercial Banking Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 217.39 billion in 2023.
The market is projected to grow at a CAGR of 3.9% between 2024 and 2032.
The commercial banking market is expected to reach USD 308.82 billion in 2032.
The market is categorised according to its product, which includes project finance, capital market, treasury management, commercial lending, syndicated loans, and others.
The key market players are JPMorgan Chase & Co., State Bank of India, Australia, Fidante Partners Limited, Westpac Banking Corporation, Citigroup Inc., and others.
The market is driven by factors that include increasing digitalisation, rising new neo-banks and non-bank lenders, improved interest rates, among others.
The market is categorised according to its end-user, which includes transportation and logistics, construction, media and entertainment, healthcare, and others.
The Australian banking sector comprises of 95 banks.
The Australian banking sector follows Oligopoly structure that uses pricing power to the detriment of consumers.
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