Mexico Retail Banking Market Size & Outlook, 2025-2033
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Mexico retail banking market highlights
- The Mexico retail banking market generated a revenue of USD 42.0 billion in 2024 and is expected to reach USD 70.4 billion by 2033.
- The Mexico market is expected to grow at a CAGR of 5.9% from 2025 to 2033.
- In terms of segment, private sector banks was the largest revenue generating type in 2024.
- Public Sector Banks is the most lucrative type segment registering the fastest growth during the forecast period.
Retail banking market data book summary
| Market revenue in 2024 | USD 42.0 billion |
| Market revenue in 2033 | USD 70.4 billion |
| Growth rate | 5.9% (CAGR from 2025 to 2033) |
| Largest segment | Private sector banks |
| Fastest growing segment | Public Sector Banks |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Public Sector Banks, Private Sector Banks, Foreign Banks, Community Development Banks, Non-Banking Financial Companies (NBFC) |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.1% of the global retail banking market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. retail banking market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 174.1 billion by 2033.
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Retail Banking Market Scope
Retail Banking Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ICBC Standard Bank | View profile | 501-1000 | London, England, United Kingdom, Europe | http://icbcstandard.com |
| Wells Fargo | View profile | 10001+ | San Francisco, California, United States, North America | http://www.wellsfargo.com |
| Citigroup | View profile | - | Port Louis, Port Louis, Mauritius, Africa | https://www.citigroup.com/global/about-us/global-presence/mauritius |
| JP Morgan Chase | View profile | 10001+ | New York, New York, United States, North America | http://www.jpmorganchase.com |
| HSBC Holdings PLC | View profile | 221000 | 8 Canada Square, London, United Kingdom, E14 5HQ | https://www.hsbc.com |
| Mitsubishi UFJ Financial Group Inc | View profile | 120000 | 7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8330 | https://www.mufg.jp |
| Bank of America Corp | View profile | 212000 | 100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, United States, 28255 | https://www.bankofamerica.com |
| China Construction Bank Corp Class H | View profile | 376871 | No. 25, Finance Street, Xicheng District, Beijing, China, People's Republic of, 100033 | http://www.ccb.com |
| Barclays PLC | View profile | 92400 | 1 Churchill Place, London, United Kingdom, E14 5HP | https://www.barclays.com |
| BNP Paribas Act. Cat.A | View profile | 182656 | 16, Boulevard Des Italiens, Paris, France, 75009 | https://group.bnpparibas |
| Deutsche Bank AG | View profile | 90130 | Taunusanlage 12, Frankfurt am Main, HE, Germany, 60325 | https://www.db.com |
Mexico retail banking market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to retail banking market will help companies and investors design strategic landscapes.
Private sector banks was the largest segment with a revenue share of 30.24% in 2024. Horizon Databook has segmented the Mexico retail banking market based on public sector banks, private sector banks, foreign banks, community development banks, non-banking financial companies (nbfc) covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of Mexico retail banking market databook
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Our clientele includes a mix of retail banking market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico retail banking market , including forecasts for subscribers. This country databook contains high-level insights into Mexico retail banking market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico Type - Retail Banking Market size, 2024 - 2033 (US$B)
Mexico Retail Banking Market Outlook Share, 2024 & 2033 (US$B)
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