Factoring Market Size to Grow by USD 1720.41 Billion From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation - Technavio

NEW YORK, Nov. 15, 2022 /PRNewswire/ -- The Global Factoring Market share is set to increase by USD 1720.41 billion from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 7.54% as per the latest market forecast report by Technavio. The market will also record a 6.58% Y-O-Y growth rate during the forecast period. To know more about the historic market size– Request a Free Sample Report!

Global Factoring Market - Parent Market Analysis

Technavio categorizes the global factoring market as a part of the global specialized consumer services market within the global diversified consumer services market. The parent market, the global specialized consumer services market, covers revenue generated by consumer service providers, including home security services, residential services, personal services, legal services, renovation and interior design services, wedding services, consumer auction services, and funeral services.

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Global Factoring Market Characteristics with Five Forces–

The Global Factoring Market is fragmented, and the five forces analysis by Technavio gives an accurate vision –

• Bargaining Power of Buyers
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
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Global Factoring Market – Customer Landscape  

• The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence. 
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Global Factoring Market - Segmentation Assessment

Geography Segment Overview

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Factoring Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Factoring Market size and actionable market understandings.

Regional Highlights

• Europe is the fastest-growing region in the global factoring market compared to other regions. 60% of the market's growth will originate from this region. In Europe, the factoring market is dominated by major banks, which provide over 85% of invoice finance services. The total turnover for the factoring and commercial finance industry across the European Union (EU) was USD 2.0 trillion in 2020. The EU Federation for Factoring and Commercial Finance (EUF) members accounted for almost 94% of the turnover in the EU. The EUF and other associations are increasing awareness and accessibility of finance in Europe. They are focusing on MSMEs and on ensuring that financing is well-structured and prudent across business segments in the EU during the forecast period. Europe supports lending to SMEs, which will impact the economy of the region positively during the forecast period.

Type Segment Overview

• The Factoring Market as per type segmentation is categorized into Domestic and International.
• Revenue Generating Segment - The factoring market share growth by the domestic segment will be significant during the forecast period. In domestic factoring, all three parties, including the buyer, the factor, and the seller, are based in the same country and are subject to the same regulations and laws. Domestic factoring provides short-term working capital and cash flows to MSMEs for domestic sales. With the rise in domestic businesses in various regions, the domestic segment is expected to grow at a faster rate during the forecast period.

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Global Factoring Market – Market Dynamics

Major Driver Boosting the Market

• The growing need for alternative sources of financing for MSMEs is driving the global factoring market growth.
• Financing is essential for MSMEs to develop new products, expand their business operations, and invest in better inventory management systems and production facilities. It can be done through internal or external sources. Factoring businesses provide working capital loans that help mitigate credit risks by creating dynamic incentives, such as providing loans without start-up fees or termination fees. Local vendors in emerging markets have the best monitoring capabilities and knowledge about MSMEs. Such factors will drive the growth of the market during the forecast period.

Major trends influencing the growth of the market

• The advent of blockchain in factoring services is a key trend in the market.
• Bitcoin is the most popular cryptocurrency and popular financial technology. Blockchain, which is Bitcoin's underlying technology, is driving high growth in terms of value and acceptance in mainstream payment modes.
• Continuous innovation in the space will bring down the initial set-up cost for vendors and have a positive impact on the global factoring market. This will help in the digitization of the process involved and offer better technology to record trade transactions.
• Such factors will support the growth of the global factoring market during the forecast period. 

Major Challenges interrupting the market growth

• The lack of a stringent regulatory framework for debt recovery mechanisms in developing countries is challenging the global factoring market growth.
• In developing countries, weak infrastructure creates a hindrance in the collection of receivables.
• Moreover, factoring companies have no collateral security.
• In the absence of recourse financing and the rise in frauds and defaults committed by debtors, the factoring market is expected to become less attractive to new entrants during the forecast period.

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Factoring Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist in factoring market growth during the next five years
• Estimation of the factoring market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the factoring market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of factoring market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global factoring market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global factoring market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Domestic - Market size and forecast 2022-2027
• Exhibit 34: Chart on Domestic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Domestic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Domestic - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Domestic - Year-over-year growth 2022-2027 (%)

• 6.4 International - Market size and forecast 2022-2027
• Exhibit 38: Chart on International - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on International - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on International - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on International - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 43: Chart on Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 SMEs - Market size and forecast 2022-2027
• Exhibit 47: Chart on SMEs - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on SMEs - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on SMEs - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

• 7.4 Large enterprise - Market size and forecast 2022-2027
• Exhibit 51: Chart on Large enterprise - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Large enterprise - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Large enterprise - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Large enterprise - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 55: Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 61: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 South America - Market size and forecast 2022-2027
• Exhibit 69: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.6 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 UK - Market size and forecast 2022-2027
• Exhibit 81: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 89: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 ABS Global Factoring AG 
• Exhibit 108: ABS Global Factoring AG - Overview
• Exhibit 109: ABS Global Factoring AG - Product / Service
• Exhibit 110: ABS Global Factoring AG - Key offerings

• 12.4 American Receivable 
• Exhibit 111: American Receivable - Overview
• Exhibit 112: American Receivable - Product / Service
• Exhibit 113: American Receivable - Key offerings

• 12.5 Bluevine Inc. 
• Exhibit 114: Bluevine Inc. - Overview
• Exhibit 115: Bluevine Inc. - Product / Service
• Exhibit 116: Bluevine Inc. - Key offerings

• 12.6 CapitalPlus Construction Services 
• Exhibit 117: CapitalPlus Construction Services - Overview
• Exhibit 118: CapitalPlus Construction Services - Product / Service
• Exhibit 119: CapitalPlus Construction Services - Key offerings

• 12.7 CG24 Group AG 
• Exhibit 120: CG24 Group AG - Overview
• Exhibit 121: CG24 Group AG - Product / Service
• Exhibit 122: CG24 Group AG - Key news
• Exhibit 123: CG24 Group AG - Key offerings

• 12.8 Charter Capital Holdings LP 
• Exhibit 124: Charter Capital Holdings LP - Overview
• Exhibit 125: Charter Capital Holdings LP - Product / Service
• Exhibit 126: Charter Capital Holdings LP - Key offerings

• 12.9 Deutsche Leasing AG 
• Exhibit 127: Deutsche Leasing AG - Overview
• Exhibit 128: Deutsche Leasing AG - Product / Service
• Exhibit 129: Deutsche Leasing AG - Key offerings

• 12.10 eCapital Corp. 
• Exhibit 130: eCapital Corp. - Overview
• Exhibit 131: eCapital Corp. - Product / Service
• Exhibit 132: eCapital Corp. - Key offerings

• 12.11 Eurobank Ergasias SA 
• Exhibit 133: Eurobank Ergasias SA - Overview
• Exhibit 134: Eurobank Ergasias SA - Business segments
• Exhibit 135: Eurobank Ergasias SA - Key offerings
• Exhibit 136: Eurobank Ergasias SA - Segment focus

• 12.12 Factor Funding Co. 
• Exhibit 137: Factor Funding Co. - Overview
• Exhibit 138: Factor Funding Co. - Product / Service
• Exhibit 139: Factor Funding Co. - Key offerings

• 12.13 FirstRand Ltd 
• Exhibit 140: FirstRand Ltd - Overview
• Exhibit 141: FirstRand Ltd - Business segments
• Exhibit 142: FirstRand Ltd - Key offerings
• Exhibit 143: FirstRand Ltd - Segment focus

• 12.14 HSBC Holdings Plc 
• Exhibit 144: HSBC Holdings Plc - Overview
• Exhibit 145: HSBC Holdings Plc - Business segments
• Exhibit 146: HSBC Holdings Plc - Key news
• Exhibit 147: HSBC Holdings Plc - Key offerings
• Exhibit 148: HSBC Holdings Plc - Segment focus

• 12.15 New Century Financial Inc. 
• Exhibit 149: New Century Financial Inc. - Overview
• Exhibit 150: New Century Financial Inc. - Product / Service
• Exhibit 151: New Century Financial Inc. - Key offerings

• 12.16 Riviera Finance of Texas Inc. 
• Exhibit 152: Riviera Finance of Texas Inc. - Overview
• Exhibit 153: Riviera Finance of Texas Inc. - Product / Service
• Exhibit 154: Riviera Finance of Texas Inc. - Key offerings

• 12.17 Universal Funding Corp. 
• Exhibit 155: Universal Funding Corp. - Overview
• Exhibit 156: Universal Funding Corp. - Product / Service
• Exhibit 157: Universal Funding Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations

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