Bank Market Share

Bank Market Share, Market Size and Industry Growth Drivers, 2009 - 2019

About the Bank Industry

Banks, in their purest form, are financial institutions that make loans and receive deposits. When you deposit money into a bank, you receive an interest payment on that money. Banks can then lend that money to others at a higher interest rate. Most banks classify into one of three categories: Retail Bank, Commercial Bank, and Investment Bank. Retail banking primarily serves individual consumers. Retail banks can provide services like home mortgages, auto loans, money management, and other financial services. Commercial banking is similar to retail banking, except that commercial banks also serve companies. Investment banking is a segment of the financial sector that helps companies raise money, usually in the form of debt or equity, and advise on mergers and acquisitions. The banking sector is highly regulated, with different regulations by country and even by state. Several regulator examples include the Securities and Exchange Commission (SEC), The Federal Reserve Board, and the European Banking Authority. Different banking activities often have separate regulators. For these reasons, bank market share is highly fragmented. You can find Bank Market Size, Bank Market Share, and other trends and statistics below, and you can get help with additional Bank industry market research here.

Global Bank Market Size - Top 1000 Banks (Profit), 2009 - 2019

Bank Market Size

The chart shows the global Bank Market Size in profits from 2009 to 2019. In 2018, the size of the Bank Industry profits for the top 1000 banks was $1.11 trillion and grew 2.1% in 2019 to $1.14 trillion. These estimates were made before the Coronavirus (COVID-19) pandemic. The short term impact of COVID-19 on bank market growth will likely be Medium as banks are highly affected by recessions. During recessions, borrower default rates increase, banks make less money when interest rates drop to near 0%, and general financial activity declines. However, central banks and governments, particularly in the US, have enacted many measures to protect financial markets. The long term impact of COVID-19 on the Bank market growth beyond the COVID-19 pandemic will likely be Low because banks always bounce back after recessions, and it is unlikely that banks will see the same wave of regulation that followed the 2008 recession. Request help with obtaining the source for this data and additional Bank industry market research here.

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Bank Market Share - Top 1000 Banks by Assets, 2019
Bank Market Share

The chart shows Bank Market Share in 2019 of the top 1000 global banks by assets. The Bank Market is Highly fragmented globally and regionally. The leading bank in the Bank Industry was Industrial & Commercial Bank of China with 3.25% market share in 2019, followed by China Construction Bank with 2.7% Bank market share, Agricultural Bank of China with 2.7% bank market share, Bank of China with 2.5%, China Development Bank with 1.9% share, BNP Paribas with 1.9% share, JPMorgan Chase with 1.8% share, Mitsubishi UFJ Financial Group (MUFG) Bank with 1.6% share, Japan Post Bank with 1.5% share, Credit Agricole with 1.5% share, and Bank of America market share of 1.4%. The rest of the top 1000 global banks by volume held bank market share of 45%. Get help with market research for the Bank market, including the source for this Bank Market Share chart and other data here.

Bank Growth Drivers

Banking industry growth is driven by economic growth and the digitization of banking. Strong economic growth generally correlates with increased deposits, lower defaults, and increased interest rates that propel retail and commercial bank profits. Investment banks benefit from a higher volume of Mergers & Acquisitions, initial public offerings, and debt issuance that occurs most commonly during economic growth. At the same time, the banking industry has also seen a wave of new technology adoption and an increasing unbundling of banking services. New fintech companies have entered the financial services market with specialized banking products that often offer better services, are cheaper, fill underserved niches, embrace technology, and leverage automation in ways in which traditional banking has struggled. Digital transformation among larger banks is enabling them to more effectively serve their customers and improve internal operations. The most common examples include online banking and other digital banking services. One new banking market trend that may drive inorganic growth for banks following the COVID-19 pandemic, is a new wave of bank M&A. Bank of America market share, JPMorgan market share, and the market share of many other banks increased following acquisitions during the 2008-2009 financial crisis.

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Bank Industry Competitor and Products

Banking is a mature market composed of many global, regional, local, and specialized banking competitors. The top 5 banks in China, Industrial & Commercial Bank of China, China Construction Bank Corporation, Agricultural Bank of China, Bank of China, and China Development Bank, are also the top global banks by assets. Their cumulative market share was 13% of the Bank market in 2019. Two of Japan's three megabanks, Mitsubishi UFJ Financial Group (MUFG) Bank and Japan Post Bank, are two of the top 10 banks in the world by assets and held 3% bank market share in 2019. MUFG was formed through the merger of Tokyo-Mitsubishi and UFJ Bank in 2006. Japan Post Bank is primarily a savings institution and dates back to 1875. French banks BNP Paribas and Credit Agricole are two of the top 10 global banks by assets and held a combined bank market share of 3% of the Bank market in 2019. BNP Paribas is the product of mergers between four different banks over 100 years. The most recent merger was in 2000, with Banque National de Paris (BNP) and Banque de Paris et des Pays-Bas (Paribas). Credit Agricole was initially formed by the French government to support local and regional banks, especially those that helped the French agricultural economy. The only US bank in the top 10 is JP Morgan Chase. JPMorgan Chase market share was 1.8% of the Bank market in 2019. JP Morgan Chase formed after JP Morgan purchased Chase Bank during the financial crisis in 2008 and 2009. Bank of America is the 11th largest bank by assets with Bank of America market share 1.4% of global top 1000 bank assets. There are few industries which are so fragmented and banking market share is highly fragmented among thousands of other banks.

What Additional Bank Industry Data Does T4 Have?

T4's research team can help you learn more about the Bank industry with market analysis, competitive analysis, commercial Due Diligence, and other market research needs. This includes a more in-depth analysis of competitors in the Bank market, including Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, China Development Bank, BNP Paribas, JPMorgan Chase, MUFG Bank, Japan Post Bank, Credit Agricole, Wells Fargo, Deutsche Bank and Bank of America. T4 also conducts research into related topics such as Investment Banking, Commercial Banking, Retail Banking, Insurance, Fintech, Asset Management, Treasury Management Software, and Wealth Management. T4 provides additional support in the Financial Services Sector or other Sectors. Find more information about T4's services here.

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