Summary
Banks in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Australian banking industry recorded assets of $4,776.2 billion in 2024, representing a compound annual growth rate (CAGR) of 7.6% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $2,614.0 billion, equivalent to 54.7% of the industry's overall value.
- The Australian banking industry grew by 3.2% in 2024, primarily driven by strong demand for housing finance, supported by ongoing urbanization and population growth in major cities. The continued surge in mortgage lending, which represents a major component of banks’ credit portfolios and asset base, has played a crucial role in boosting total assets and interest income. According to the Australian Bureau of Statistics, the total value of new loan commitments for housing rose by 16.0% in December 2024 compared to December 2023.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Australia
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia banks market with five year forecasts
Reasons to Buy
- What was the size of the Australia banks market by value in 2024?
- What will be the size of the Australia banks market in 2029?
- What factors are affecting the strength of competition in the Australia banks market?
- How has the market performed over the last five years?
- What are the main segments that make up Australia's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What have been the most recent market developments?
8 Company Profiles
8.1. Australia and New Zealand Banking Group Ltd
8.2. Commonwealth Bank of Australia
8.3. Westpac Banking Corp
8.4. National Australia Bank Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Australia banks industry value: $ billion, 2019-24
Table 2: Australia banks industry category segmentation: % share, by value, 2019-24
Table 3: Australia banks industry category segmentation: $ billion, 2019-24
Table 4: Australia banks industry geography segmentation: $ billion, 2024
Table 5: Australia banks industry value forecast: $ billion, 2024-29
Table 6: Australia banks industry share: % share, by value, 2024
Table 7: Australia and New Zealand Banking Group Ltd: Key Facts
Table 8: Commonwealth Bank of Australia: Key Facts
Table 9: Commonwealth Bank of Australia: Annual Financial Ratios
Table 10: Commonwealth Bank of Australia: Key Employees
Table 11: Westpac Banking Corp: Key Facts
Table 12: Westpac Banking Corp: Annual Financial Ratios
Table 13: Westpac Banking Corp: Key Employees
Table 14: National Australia Bank Ltd: Key Facts
Table 15: National Australia Bank Ltd: Annual Financial Ratios
Table 16: National Australia Bank Ltd: Key Employees
Table 17: Australia Size of Population (Million), 2020-24
Table 18: Australia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Australia GDP (Current Prices, $ Billion), 2020-24
Table 20: Australia Inflation, 2020-24
Table 21: Australia Consumer Price Index (Absolute), 2020-24
Table 22: Australia Exchange Rate, 2019-24
List of Figures
Figure 1: Australia banks industry value: $ billion, 2019-24
Figure 2: Australia banks industry category segmentation: $ billion, 2019-24
Figure 3: Australia banks industry geography segmentation: % share, by value, 2024
Figure 4: Australia banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Australia, 2024
Figure 6: Drivers of buyer power in the banks industry in Australia, 2024
Figure 7: Drivers of supplier power in the banks industry in Australia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Australia, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Australia, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Australia, 2024
Figure 11: Australia banks industry share: % share, by value, 2024
