Market Overview:
The global factoring market reached a value of US$ 3,467 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4,877 Billion by 2027, exhibiting at a CAGR of 6.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Factoring, or debtor financing, refers to the process of purchasing a debt or invoice from an organization at discounted prices to allow profits to the buyer upon settlement. It is an asset-based financial arrangement between a financial institution, or a factor, and the client, which states the terms and conditions of exchanging trade debts. Recourse, non-recourse, disclosed, discourse, domestic, export advance and maturity factoring are some of the commonly adopted forms of the process. They relieve the first party off the debts and provides them with the essential working capital to continue trading, while the buyer, or factor, capitalizes on the profits when the debt is paid.
Significant growth in the banking, financial services and insurance (BFSI) industry is one of the key factors creating a positive impact on the market growth. Furthermore, the increasing requirement for alternative sources of financing for micro, small and medium enterprises (MSME) is providing a thrust to the market growth. Factoring enables the business to obtain working capital loans and mitigate credit risks. In line with this, increasing awareness regarding the benefits of supply chain financing, such as factoring, is also contributing to the market growth. Additionally, the advent of blockchain technology and cryptocurrency in factoring services is acting as another growth-inducing factor. These advanced solutions automate each invoice with unique identification for fast funding, complete transactional security and smart contract facilities. Other factors, including the increasing utilization of digital platforms in trade financing, along with the rising cross-border trade activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global factoring market, along with forecasts at the global, regional, and country level from 2022-2027. Our report has categorized the market based on type, organization size and application.
Breakup by Type:
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Application:
- Transportation
- Healthcare
- Construction
- Manufacturing
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Advanon AG (CreditGate24 (Schweiz) AG), Aldermore Bank PLC (FirstRand Group), Bluevine Capital Inc., BNP Paribas S.A., Deutsche Leasing AG (Deutsche Sparkassen Leasing AG & Co. KG), Eurobank Ergasias SA, HSBC Holdings Plc, Mizuho Financial Group Inc., Société Générale S.A. and The Southern Bank Company Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Organization Size, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Advanon AG (CreditGate24 (Schweiz) AG), Aldermore Bank PLC (FirstRand Group), Bluevine Capital Inc., BNP Paribas S.A., Deutsche Leasing AG (Deutsche Sparkassen Leasing AG & Co. KG), Eurobank Ergasias SA, HSBC Holdings Plc, Mizuho Financial Group Inc., Société Générale S.A. and The Southern Bank Company Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global factoring market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global factoring market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global factoring market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Factoring Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 International
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Domestic
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Organization Size
7.1 Small and Medium Enterprises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Large Enterprises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Transportation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Healthcare
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Construction
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Manufacturing
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Advanon AG (CreditGate24 (Schweiz) AG)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Aldermore Bank PLC (FirstRand Group)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Bluevine Capital Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 BNP Paribas S.A.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Deutsche Leasing AG (Deutsche Sparkassen Leasing AG & Co. KG)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Eurobank Ergasias SA
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 HSBC Holdings Plc
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Mizuho Financial Group Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Société Générale S.A.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 The Southern Bank Company Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Factoring Market: Major Drivers and Challenges
Figure 2: Global: Factoring Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Factoring Market: Breakup by Type (in %), 2021
Figure 4: Global: Factoring Market: Breakup by Organization Size (in %), 2021
Figure 5: Global: Factoring Market: Breakup by Application (in %), 2021
Figure 6: Global: Factoring Market: Breakup by Region (in %), 2021
Figure 7: Global: Factoring Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Factoring (International) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Factoring (International) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Factoring (Domestic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Factoring (Domestic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Factoring (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Factoring (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Factoring (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Factoring (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Factoring (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Factoring (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Factoring (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Factoring (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Factoring (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Factoring (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Factoring (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Factoring (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Factoring (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Factoring (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia Pacific: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia Pacific: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Factoring Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Factoring Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Factoring Industry: SWOT Analysis
Figure 75: Global: Factoring Industry: Value Chain Analysis
Figure 76: Global: Factoring Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Factoring Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Factoring Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Factoring Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 4: Global: Factoring Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Factoring Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Factoring Market Structure
Table 7: Global: Factoring Market: Key Players