Learn MoreĬompanies in the Subprime Auto Loans industry have contended with rising interest rates and significant economic volatility. While many industries struggled in 2020 as a result of COVID-19, businesses benefited from the volatility caused by the pandemic. Overall, industry revenue has been growing at a CAGR of 11.5% over the past five years and is expected to total $492.1 billion in 2023, when revenue will jump by an estimated 22.3%. Businesses benefited from improving macroeconomic conditions and interest rates remaining below historical averages. Companies provide underwriting, brokering and market-making services for a range of financial instruments, including bonds, stocks and derivatives. Strong returns in various financial markets and increased trading volumes have benefited businesses in the industry. Investment Banking & Securities Intermediation in the US Overall, industry revenue is expected to increase an annualized 45.9% to $2.4 billion over the five. Therefore, the bill provided further legitimization for the industry. Most notably, The Agriculture Improvement Act of 2018 (Farm Bill) authorized the production of hemp and removed hemp and hemp seeds from the Drug Enforcement Administration (DEA)'s schedule of Controlled Substances. Over the five years to 2022, the industry has experienced substantial growth, primarily driven by advances in industry regulation and increasingly favorable consumer attitudes to industry products. The CBD Product Manufacturing industry comprises manufacturers that produce CBD products such as supplements, foods and concentrates. The industry's competitive advantage lies in its proprietary credit evaluation algorithms, which go beyond FICO credit scores used by traditional lending institutions.Ĭompanies in the industry have.
Pioneered and introduced in the United Kingdom in 2005, P2P lending platforms facilitate loans from individual investors that pool their money via operators' online platforms to loan money to consumers and small businesses. Peer-to-peer (P2P) lenders' revenue has been dropping at an annualized 0.2% over the past five years, including an estimated 25.3% increase in the current year, and is expected to total $1.5 billion in 2023, with profit set to reach negative 0.4%.