Summary
Banks in the United Kingdom 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 UK banking industry recorded assets of $12,971.1 billion in 2024, representing a compound annual growth rate (CAGR) of 5.2% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $7,251.7 billion, equivalent to 55.9% of the industry's overall value.
- The UK banking industry grew by 4.6% in 2024, primarily driven by the rise in consumer credit, as individuals increasingly relied on loans for housing, education, and personal consumption. The growth in consumer credit expanded banks’ loan portfolios and strengthened their overall asset base. According to the Bank of England, consumer credit in the UK rose by 33.3% in May 2024 compared to May 2023, contributing significantly to the increase in total commercial bank assets.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in the United Kingdom
- 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 United Kingdom banks market with five year forecasts
Reasons to Buy
- What was the size of the United Kingdom banks market by value in 2024?
- What will be the size of the United Kingdom banks market in 2029?
- What factors are affecting the strength of competition in the United Kingdom banks market?
- How has the market performed over the last five years?
- What are the main segments that make up the United Kingdom'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 are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Barclays Plc
8.2. HSBC Holdings Plc
8.3. Lloyds Banking Group Plc
8.4. NatWest Group Plc
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: United Kingdom banks industry value: $ billion, 2019-24
Table 2: United Kingdom banks industry category segmentation: % share, by value, 2019-24
Table 3: United Kingdom banks industry category segmentation: $ billion, 2019-24
Table 4: United Kingdom banks industry geography segmentation: $ billion, 2024
Table 5: United Kingdom banks industry value forecast: $ billion, 2024-29
Table 6: United Kingdom banks industry share: % share, by value, 2024
Table 7: Barclays Plc: Key Facts
Table 8: Barclays Plc: Annual Financial Ratios
Table 9: Barclays Plc: Key Employees
Table 10: Barclays Plc: Key Employees Continued
Table 11: HSBC Holdings Plc: Key Facts
Table 12: HSBC Holdings Plc: Annual Financial Ratios
Table 13: HSBC Holdings Plc: Key Employees
Table 14: HSBC Holdings Plc: Key Employees Continued
Table 15: HSBC Holdings Plc: Key Employees Continued
Table 16: Lloyds Banking Group Plc: Key Facts
Table 17: Lloyds Banking Group Plc: Annual Financial Ratios
Table 18: Lloyds Banking Group Plc: Key Employees
Table 19: Lloyds Banking Group Plc: Key Employees Continued
Table 20: NatWest Group Plc: Key Facts
Table 21: NatWest Group Plc: Annual Financial Ratios
Table 22: NatWest Group Plc: Key Employees
Table 23: United Kingdom Size of Population (Million), 2020-24
Table 24: United Kingdom Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 25: United Kingdom GDP (Current Prices, $ Billion), 2020-24
Table 26: United Kingdom Inflation, 2020-24
Table 27: United Kingdom Consumer Price Index (Absolute), 2020-24
Table 28: United Kingdom Exchange Rate, 2019-24
List of Figures
Figure 1: United Kingdom banks industry value: $ billion, 2019-24
Figure 2: United Kingdom banks industry category segmentation: $ billion, 2019-24
Figure 3: United Kingdom banks industry geography segmentation: % share, by value, 2024
Figure 4: United Kingdom banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in the United Kingdom, 2024
Figure 6: Drivers of buyer power in the banks industry in the United Kingdom, 2024
Figure 7: Drivers of supplier power in the banks industry in the United Kingdom, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in the United Kingdom, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in the United Kingdom, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in the United Kingdom, 2024
Figure 11: United Kingdom banks industry share: % share, by value, 2024
