Abstract
Overview
Introduction
This brief is the first section of Datamonitor' s "UK Plastic Cards 2007"
report. In it, the UK plastic card market is sized by the number of cards, as
well as the value and number of transactions. Data is segmented by card type.
The brief contains a discussion of the drivers of market performance and
concludes with forecasts to 2011 for all card types.
Scope
- The brief sizes the UK market from 2002-2006, examining the metrics of
card numbers, the number of transactions and the values of transactions.
- The brief sizes the market segmented by card type. That is to say by
debit, credit, charge and private label cards.
- The number of cards, number of transactions and value of transactions are
forecast to 2011. These are also presented by card type.
- This brief does not cover competitor market shares. These are available in
the competitor section of the UK Plastic Cards series (BFFS0498)
Report Highlights
The UK payment card market continued to grow in 2006, with both the number and
value of transactions being higher than in 2005. This has been primarily
driven by growth in the debit sector. The number of credit cards in issue and
the value of balances outstanding fell in 2006, indicating that this side of
the market has struggled.
In 2006, the value of transactions made on the high street was equal to 63% of
the total value of UK retail sales, up from 47.1% in 2001 and 35.7% in 1998.
The fact that growth in card use has outpaced that in total spending clearly
demonstrates the fact that UK consumers are, and continue to grow more,
comfortable with the use of plastic cards.
The plastic card market has grown at a rapid pace in recent years and this
growth is set to continue. Datamonitor forecasts that the value of
transactions made on UK-issued payment cards will grow at a CAGR of 6.6% over
the next five years, to reach £645.5 billion in 2011
Reasons to Purchase
- Learn how the UK plastic card market has developed over the last five
years.
- Understand how changes in the economy are impacting on the business of
issuers in the UK.
- Discover how the market will develop to 2011, including credit card
forecasts for optimistic, neutral and pessimistic economic scenarios.
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