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UK Plastic Cards: Outlook to 2012 - Market Analysis Report

Aarkstore.com announce a new report through its vast collection of market research report :

UK Plastic Cards: Outlook to 2012

For some-more information, Great fully visit:

http://www.aarkstore.com/reports/UK-Plastic-Cards-Outlook-to-2012-136222.html

Introduction

In 2010, economic uncertainty contributed to plummeting consumer confidence and expectations, which in turn made potential borrowers hesitant about using credit cards. Alongside the clear impacts of the recession, the sector has been faced with both the worsening of old problems and the arrival of a new range of issues that were unexpected by many.

Features and benefits

* Includes detailed analysis of macro-economic indicators and how these factors will affect the card market through to 2012.
* Providing the latest data, the report focuses on key metrics such as card transaction values, balances, and card numbers.
* Includes detailed analysis of EU and UK regulatory changes, their impacts on issuers and consumers, and how issuers should adapt.
* By using the latest available market data the report offers in-depth analysis of likely forecast scenarios through to 2012.

Highlights

Stagflation and high unemployment have led to falling consumer confidence. The economy contracted again in Q4 2010, increasing fears of further unemployment making consumers think twice about using credit cards. Historically low interest rates means consumers are taking the opportunity to pay off debt rather than save or spend on credit.
In Q2 2010, the growth in card write-offs peaked at an all-time high of 163.3%; however, with a fall in growth for insolvencies and unemployment, card write-offs are expected to fall. However in a volatile environment write-offs may be prone to future rises and falls.
Current economic circumstances have exacerbated long-term cards trends. Debit transaction values are growing twice as fast as credit, which have remained relatively flat. Whereas debit card transaction values have grown year-on-year, credit cards have alternated between shrinkage and growth.

Your key questions answered

* How is the UK recovering from recession? How has the cards market changed as a result?
* What impact will new regulation have on consumers and issuers?
* What are the key drivers impacting growth through to 2012?
* How have card balances, write-offs, and transaction values changed since the worst of the recession?
* How will the card market perform in 2011 and 2012?


Table of Contents :
OVERVIEW
Catalyst
Summary
THE UK ECONOMY: STAGFLATION AND UNCERTAINTY ARE SEVERELY HARMING CONFIDENCE
Stagflation and high unemployment show mixed signs for the future
Consumers have been increasingly less well-off since mid-2008
THE UK CREDIT CARD MARKET: MIXED MESSAGES ARE FAILING TO ALLEVIATE CONSUMER CONCERNS
2010 saw consumer confidence and expectations fall dramatically
Credit card write-offs have been volatile since mid-2009 and show few signs of stabilizing
Write-offs reached an all-time high in Q2 2010
While IVAs have continued to rise, personal insolvencies and bankruptcy orders have shown a steady fall
The cards market is changing shape as transaction values increase while balances fall
Overdraft borrowing continues to fall as consumers pay off their outstanding overdraft balances
Card numbers fell sharply in 2010, although the number of active accounts remained relatively stable
Transaction values were higher than the previous year across every month in 2010–11
Throughout the year, transaction volumes were marginally higher than in 2009
Debit transaction values are growing over twice as fast as credit
FORECASTS A 1.9% GROWTH IN THE CREDIT CARD MARKET IN 2011

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