Canada Banks Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The banks industry profile comprises activities of banks and similar institutions, offering savings, loans, mortgages, and related financial services to consumers and businesses.
• The Canadian banks industry group had total assets of $5,749.4 billion in 2022, representing a compound annual growth rate (CAGR) of 6.8% between 2017 and 2022.
• The bank credit segment accounted for the industry group's largest proportion in 2022, with total assets of $2,346.2 billion, equivalent to 40.8% of the industry group's overall value.
• According to the OECD, the long-term interest rates of Canadian banks had increased steadily during the historic period, from 1.9% per annum in December 2017 to 2.9% per annum in January 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Canada
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Canada
• 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 Canada banks market with five year forecasts

Reasons to Buy

• What was the size of the Canada banks market by value in 2022?
• What will be the size of the Canada banks market in 2027?
• What factors are affecting the strength of competition in the Canada banks market?
• How has the market performed over the last five years?
• Who are the top competitors in Canada's banks market?