Factoring market size to Grow by USD 1720.41 Billion From 2022 to 2027: A Descriptive Analysis of Customer Landscape, Vendor Assessment, & Market Dynamics - Technavio

NEW YORK , Dec. 6, 2022 /PRNewswire/ -- Technavio categorizes the global factoring market as a part of the specialized consumer services market, the parent market. The specialized consumer services market covers revenue generated by consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. The global factoring market size is forecast to grow by USD 1720.41 billion at a CAGR of 7.54% between 2022 and 2027.

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Global Factoring Market - Customer Landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global factoring market – Vendor Analysis

Vendor Landscape - The global factoring market is fragmented due to the presence of several global and regional vendors. To compete with global players, regional vendors are participating in cross-border deals with strong local players, thereby establishing strategic alliances to facilitate business. Vendors are also focusing on launching new and hassle-free trade platforms and technological developments. In addition, the competition among the existing vendors in the market will be high concerning business expansion, customer base, aftermarket services, and others during the forecast period.

Vendor Offerings -

• ABS Global Factoring AG: The company offers factoring such as factoring for startups, export business, and restructuring.
• American Receivable: The company offers factoring such as invoice factoring.
• Bluevine Inc.: The company offers factoring such as invoice factoring.
• CapitalPlus Construction Services: The company offers factoring such as construction factoring.
• For Details on vendor and its offerings – Buy report!

Global Factoring Market - Segmentation Assessment

Geography Overview

By geography, the global factoring market is segmented into Europe, APAC, South America, North America, and the Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global factoring market.

• Europe will account for 60% of the market's growth during the forecast period. The market in the region is estimated to grow at the fastest pace during the forecast period. The factoring industry turnover represented 12.6% of the EU GDP in 2020. Some countries such as Poland and Croatia have witnessed a significant increase in factoring penetration over the years, which is higher than the world average. In addition, vendors in the region are trying to formulate client engagement models using automation to improve efficiency. They leverage technologies, such as blockchain, with trade finance services to increase efficiency and reduce the complexity of end-to-end invoice finance transactions. All these factors are fostering the growth of the factoring market in Europe.

Segment Overview

By type, the global factoring market is segmented into domestic and international.

• The market share growth of the domestic segment will be higher than the other segments during the forecast period. Domestic factoring is gaining popularity in regions such as APAC, Africa, and South America. The increase in domestic businesses across various regions is the key factor driving the growth of the factoring market in the domestic segment.

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Global Factoring Market – Market Dynamics

• Impactful Driver - The growing need for alternative sources of financing for MSMEs is driving the growth of the market. MSMEs require strong financial backing to expand their business, develop new products, and invest in inventory management systems and production facilities. However, the limited availability of funding compels them to look for external sources of financing, such as loans from banks, investments from venture capitalists, factoring, and others. Factoring is one of the reliable sources of finance, especially for MSMEs. 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. Thus helping MSMEs meet their financial requirements, which is driving the growth of the global factoring market.
   
• Key Trend - The advent of blockchain in factoring services is the key trend in the market. Blockchain technology is increasingly gaining popularity in trade finance. Several countries including the UK, Canada, Russia, and China are placing their national currencies on the blockchain. They are testing the affordability of technology in the field of trade finance. This is helping vendors in the digitization of the process involved and offering better technology to record trade transactions between countries. It also enables buyers and sellers to easily communicate on a single platform, which helps stakeholders by mitigating the risks involved in factoring. This trend is expected to have a positive impact on the growth of the market during the forecast period.
   
• Major Challenge - The lack of a stringent regulatory framework for debt recovery mechanisms in developing countries is the major challenge in the market. Weak tax and legal and regulatory barriers in some developing countries make it less attractive for new entrants in the market. For instance, collecting payments from government-owned firms can be difficult for factors. In India, in case of non-availability of debt, recovery platforms for non-bank financial companies (NBFCs), such as Debt Recovery Tribunals (DRTs), are set up under the SARFAESI Act. Moreover, factoring companies have no collateral security. Such challenges are expected to reduce the growth potential in the market.

Driver, Trend & Challenges are the factors of market dynamics that state about consequences & sustainability of businesses, find a few insights from, a free sample report!

• CAGR of the market during the forecast period.
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the factoring market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior.
• Growth of the market industry across Europe, APAC, South America, North America, and the Middle East and Africa.
• Thorough analysis of the market's competitive landscape and detailed information about vendors.
• Comprehensive analysis of factors that will challenge the growth of factoring market vendors.

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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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