Asia-Pacific Mortgage/Loan Brokers Market Size
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR (2024 - 2029) | 18.40 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia-Pacific Mortgage/Loan Brokers Market Analysis
The Asia-Pacific Mortgage/Loan Brokers Market is expected to register a CAGR of 18.40% during the forecast period.
Since fewer people were looking for loans during the COVID era, the Covid-19 epidemic harmed the growth of the Asia-Pacific loan brokers' industry, and many loan brokers suffered sizable losses. The COVID-19 epidemic's effects are examined, along with the immediate effects and ongoing challenges lenders are dealing with. They also look at how governments and significant institutions are tackling the problem and recovering. The activities taken by institutions fall into one of three major categories: getting ready for recovery, managing and stabilizing business risk, or handling volume influxes.
A mortgage/loan broker is a professional who acts as a point of contact between financial institutions that approve loans and businesses wishing to borrow money. Brokers look for the best financial terms and rates, whether their client is funding a loan or starting a new business. They haggle with lenders to approve their loans or look into other possibilities. One company's mortgage rates and plans are available from a bank loan officer. On the other hand, a mortgage broker works on behalf of a borrower to find the best lending programs and/or lowest rates provided by several lenders.
With substantial investments and mergers across numerous industries, the Asia-Pacific (APAC) region is an important market for international deal-making. According to an estimate, deal activity in the APAC area significantly decreased year over year (YoY) by more than 40% in February 2023. From 1,392 agreements announced in February 2022 to 805 deals announced in February 2023, the number of deals announced in the APAC area plummeted. The transactions include M&A, private equity, and venture funding transactions.
Asia-Pacific Mortgage/Loan Brokers Market Trends
Mortgage Lending will Change as a Result of Digitization
Online banking, remote jobs, and Internet communication forced customers to conduct business digitally. This enormous transition to digital, which started a digital transformation that isn't likely to slow down, impacted the mortgage industry. Along with the benefits digital processes provide, several other factors also play a role in the surge in demand for an online mortgage process. The first is that millennials make up most purchasing new homes currently. Because they were raised with smartphones and laptops, these customers demand a digital experience for everything from house searches to mortgage closings.
The Housing Market's Expansion Drives up demand for Mortgage Brokers
When the mortgage market environment changes, it is a good time to reflect on the wholesale channel's accomplishments throughout 2020. It is despite the substantial hurdles the digital revolution presents and the economic uncertainty caused by the COVID-19 outbreak. Although the property market is flourishing, there is fierce competition for every loan because of the strong demand and limited supply. The broker's dynamic flexibility comes in handy in this situation. The broker channel is well-positioned to prosper in the future and continue growing its market share because of the relationship-based customer services, selection of loan choices, and technology resources they provide. Although becoming a successful mortgage broker is challenging, it is a goal worth pursuing.
Asia-Pacific Mortgage/Loan Brokers Industry Overview
The report covers the key international rivals in the Asia-Pacific mortgage/loan broker market. Since they rely on their connections to the top lenders and real estate agents in their areas, loan brokers are in a fiercely competitive industry. Some important market players are LIC Housing Finance Ltd., ICICI Home Finance Company Ltd., China Huirong Financial Holdings Ltd, Prestia SMBC Trust Bank, and Askari Bank.
Asia-Pacific Mortgage/Loan Brokers Market Leaders
LIC Housing Finance Ltd.
ICICI Home Finance Company Ltd.
China Huirong Financial Holdings Ltd
Prestia SMBC Trust Bank
Askari Bank
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Mortgage/Loan Brokers Market News
- March 2023: All Fleet Mortgages' two- and five-year fixed-rate packages had their rates reduced. The buy-to-let lender claims a 20 basis point reduction in its standard, limited company, residences in multiple occupations, and multi-unit freehold block loans in these term ranges.
- February 2023: For additional lending to smaller institutions to support social sector funding, the State Bank of India raised USD 1 billion in syndicated social funds, the largest ESG loan in Asia Pacific history. This USD 1 billion fund, which includes a green shoe of USD 500 million, was raised by SBI from international banks.
Asia-Pacific Mortgage/Loan Brokers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights of Technology Innovations in the Market
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Enterprise
5.1.1 Large
5.1.2 Small
5.1.3 Mid-sized
5.2 By Applications
5.2.1 Home Loans
5.2.2 Commercial and Industrial Loans
5.2.3 Vehicle Loans
5.2.4 Loans to Governments
5.2.5 Others
5.3 By End- User
5.3.1 Businesses
5.3.2 Individuals
5.4 By Country
5.4.1 Australia
5.4.2 Bangladesh
5.4.3 China
5.4.4 India
5.4.5 Indonesia
5.4.6 Japan
5.4.7 Pakistan
5.4.8 Philippines
5.4.9 Thailand
5.4.10 Vietnam
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 LIC Housing Finance Ltd.
6.1.2 ICICI Home Finance Company Ltd.
6.1.3 China Huirong Financial Holdings Ltd
6.1.4 Prestia SMBC Trust Bank
6.1.5 Askari Bank
6.1.6 CNFinance Holdings Limited
6.1.7 Shinsei Bank
6.1.8 Tokyo Star Bank
6.1.9 PNB Housing Finance Ltd.
6.1.10 Can Fin Homes Ltd.*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Asia-Pacific Mortgage/Loan Brokers Industry Segmentation
A mortgage broker acts as a middleman for people or businesses and manages the mortgage loan application process. Essentially, they create relationships between mortgage lenders and borrowers without making financial commitments. The Asia-Pacific Mortgage/Loans Broker Market is segmented by the enterprise (large, small, and medium-sized), application (home loans, commercial and industrial loans, vehicle loans, loans to governments, and others), end-user (businesses and individuals), and country (Australia, Bangladesh, China, India, Indonesia, Japan, Pakistan, Philippines, Thailand, and Vietnam). The market sizes and forecasts regarding value (USD billion) for all the above segments are provided.
By Enterprise | |
Large | |
Small | |
Mid-sized |
By Applications | |
Home Loans | |
Commercial and Industrial Loans | |
Vehicle Loans | |
Loans to Governments | |
Others |
By End- User | |
Businesses | |
Individuals |
By Country | |
Australia | |
Bangladesh | |
China | |
India | |
Indonesia | |
Japan | |
Pakistan | |
Philippines | |
Thailand | |
Vietnam |
Asia-Pacific Mortgage/Loan Brokers Market Research Faqs
What is the current Asia-Pacific Mortgage/Loan Brokers Market size?
The Asia-Pacific Mortgage/Loan Brokers Market is projected to register a CAGR of 18.40% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Mortgage/Loan Brokers Market?
LIC Housing Finance Ltd., ICICI Home Finance Company Ltd., China Huirong Financial Holdings Ltd, Prestia SMBC Trust Bank and Askari Bank are the major companies operating in the Asia-Pacific Mortgage/Loan Brokers Market.
What years does this Asia-Pacific Mortgage/Loan Brokers Market cover?
The report covers the Asia-Pacific Mortgage/Loan Brokers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Mortgage/Loan Brokers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Mortgage/Loan Brokers Industry Report
Statistics for the 2024 Asia-Pacific Mortgage/Loan Brokers market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Asia-Pacific Mortgage/Loan Brokers analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.