Product Code: GVR-4-68039-178-0
Factoring Services Market Growth & Trends:
The global factoring services market size is expected to reach USD 7,005.90 billion by 2030 and is set to expand at 9.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The remarkable growth can be attributed to the rise in open account trading and cross-border business, and the expansion of the manufacturing industry in Asian countries such as China and India is expected to boost the growth of this market.
The need of startups and Small & Medium Enterprises (SMEs) for an alternative source of finance propels the demand in this market. Additionally, the implementation of technological advancements such as blockchain and distributed ledger will improve the overall supply chain process by reducing operational costs and enhancing security across the system.
A rise in demand for factoring services can be seen due to its ability to offer immense flexibility via customization depending upon the client's requirement. This is in contrast to conventional financial products such as bank loans. The factoring services are based on the current value of the sales ledger and not on historic management information. Factoring does not increase liability, as it is a transaction of sale and not a loan.
A few factors, including archaic regulations, foreign currency restrictions, continued usage of stamp duty tax, and traditional laws restricting the right of assignment, might slow down the growth for a short period. However, several service providers are in the process to deploy the latest technologies to overcome such problems. The factoring services providers such as Eurobank, Societe Generale S.A., REV Capital, and Tradewind Finance are adopting various business strategies to improve their services portfolio to attract potential business clients.
For instance, in April 2022, Eurobank Factors, a subsidiary of Eurobank, unveiled new improvements to its factoring and launched new digital reverse factoring services. The bank's new digital reverse factoring services are aimed at assisting clients to improve their cash flow ratios and to provide loyalty schemes on lenient terms. The new services would aid the bank in expanding its customer base for factoring services in the EMEA region.
Factoring Services Market Report Highlights:
- The non-recourse segment is expected to grow considerably during the forecast period with a CAGR of 9.6%, as the non-recourse service providers perform thorough credit evaluations and offer credit protection against bad debts
- The bank segment accounts for the highest market share in 2022 and throughout the forecast period. The growing cross-border transactions and adoption of mobile-based payment channels are anticipated to propel the segment growth over the forecast period
- The healthcare segment is anticipated to grow with a considerable CAGR of 10.9% over the forecast period. Slow payment is a common problem across the healthcare industry which hinders expansion and makes it tough to cover expenses
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.2.1 Purchased Database
- 1.2.2 GVR's Internal Database
- 1.2.3 List of secondary sources
- 1.2.4 Primary Research
- 1.3 Information Analysis
- 1.4 Market Formulation & Data Visualization
- 1.5 Data Validation & Publishing
- 1.6 List of Abbreviations
Chapter 2 Executive Summary
- 2.1 Factoring Services Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
- 2.2 Global Factoring Services Market, 2018 - 2030 (USD Billion)
- 2.2.1 Global factoring services market, by region, 2018 - 2030 (USD Billion)
- 2.2.2 Global factoring services market, by category, 2018 - 2030 (USD Billion)
- 2.2.3 Global factoring services market, by type, 2018 - 2030 (USD Billion)
- 2.2.4 Global factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 2.2.5 Global factoring services market, by end-use, 2018 - 2030 (USD Billion)
Chapter 3 Factoring Services Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Market Size and Growth Prospects
- 3.3 Factoring Services Market - Value Chain Analysis
- 3.4 Factoring Services Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.2 Market challenge analysis
- 3.5 Market Analysis Tools:
- 3.5.1 Factoring Services Industry Analysis - Porter's Five Forces Analysis
- 3.5.2 Factoring Services Industry Analysis - PEST Analysis
- 3.6 Factoring Services Market - COVID-19 Impact Analysis
Chapter 4 Factoring Services Market: Category Segment Analysis
- 4.1 Factoring Services Market: By Category Segment Outlook & Market Share, 2021 and 2030
- 4.2 Domestic
- 4.2.1 Factoring services domestic market, by region, 2018 - 2030 (USD Billion)
- 4.3 International
- 4.3.1 Factoring services international market, by region, 2018 - 2030 (USD Billion)
Chapter 5 Factoring Services Market: Type Segment Analysis
- 5.1 Factoring Services Market: By Type Segment Outlook & Market Share, 2021 and 2030
- 5.2 Recourse
- 5.2.1 Recourse factoring services market, By region, 2018 - 2030 (USD Billion)
- 5.3 Non-Recourse
- 5.3.1 Non-recourse factoring services market, By region, 2018 - 2030 (USD Billion)
Chapter 6 Factoring Services Market: Financial Institution Segment Analysis
- 6.1 Factoring Services Market: By Financial Institution Segment Outlook & Market Share, 2021 and 2030
- 6.2 Banks
- 6.2.1 Factoring services market in banks, by region 2018 - 2030 (USD Billion)
- 6.3 Non-Banking Financial Institutions (NBFC)
- 6.3.1 Factoring services market in NBFC, by region 2018 - 2030 (USD Billion
Chapter 7 Factoring Services Market: End-Use Segment Analysis
- 7.1 Factoring Services Market: By End-Use Segment Outlook & Market Share, 2021 and 2030
- 7.2 Manufacturing
- 7.2.1 Factoring services market in manufacturing, By region 2018 - 2030 (USD Billion)
- 7.3 Transport & Logistics
- 7.3.1 Factoring services market in transport & logistics, By region 2018 - 2030 (USD Billion)
- 7.4 Information Technology
- 7.4.1 Factoring services market in information technology, By region 2018 - 2030 (USD Billion)
- 7.5 Healthcare
- 7.5.1 Factoring services market in healthcare, By region 2018 - 2030 (USD Billion)
- 7.6 Construction
- 7.6.1 Factoring services market in construction, By region 2018 - 2030 (USD Billion)
- 7.7 Others
- 7.7.1 Factoring services market in other end-use, By region 2018 - 2030 (USD Billion)
Chapter 8 Factoring Services Market: Region Segment Analysis
- 8.1 Factoring Services Market: By Region Segment Outlook & Market Share, 2021 and 2030
- 8.2 North America
- 8.2.1 North America factoring services market, 2018 - 2030 (USD Billion)
- 8.2.2 North America factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.2.3 North America factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.2.4 North America factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.2.5 North America factoring services market, end-use, 2018 - 2030 (USD Billion)
- 8.2.6 U.S.
- 8.2.6.1 U.S. factoring services market, 2018 - 2030 (USD Billion)
- 8.2.6.2 U.S. factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.2.6.3 U.S. factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.2.6.4 U.S. factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.2.6.5 U.S. factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.2.7 Canada
- 8.2.7.1 Canada factoring services market, 2018 - 2030
- 8.2.7.2 Canada factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.2.7.3 Canada factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.2.7.4 Canada factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.2.7.5 Canada factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.3 Europe
- 8.3.1 Europe factoring services market, 2018 - 2030 (USD Billion)
- 8.3.2 Europe factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.3.3 Europe factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.3.4 Europe factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.3.5 Europe factoring services market, by end-use, 2018 - 2030(USD Billion)
- 8.3.6 U.K.
- 8.3.6.1 U.K. factoring services market, 2018 - 2030 (USD Billion)
- 8.3.6.2 U.K. factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.3.6.3 U.K. factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.3.6.4 U.K. factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.3.6.5 U.K. factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.3.7 Germany
- 8.3.7.1 Germany factoring services market, 2018 - 2030 (USD Billion)
- 8.3.7.2 Germany factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.3.7.3 Germany factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.3.7.4 Germany factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.3.7.5 Germany factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.3.8 France
- 8.3.8.1 France factoring services market, 2018 - 2030 (USD Billion)
- 8.3.8.2 France factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.3.8.3 France factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.3.8.4 France factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.3.8.5 France factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.3.9 Italy
- 8.3.9.1 Italy factoring services market, 2018 - 2030 (USD Billion)
- 8.3.9.2 Italy factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.3.9.3 Italy factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.3.9.4 Italy factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.3.9.5 Italy factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific factoring services market, 2018 - 2030 (USD Billion)
- 8.4.2 Asia Pacific factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.4.3 Asia Pacific factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.4.4 Asia Pacific factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.4.5 Asia Pacific factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.4.6 China
- 8.4.6.1 China factoring services market, 2018 - 2030 (USD Billion)
- 8.4.6.2 China factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.4.6.3 China factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.4.6.4 China factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.4.6.5 China factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.4.7 Japan
- 8.4.7.1 Japan factoring services market, 2018 - 2030 (USD Billion)
- 8.4.7.2 Japan factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.4.7.3 Japan factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.4.7.4 Japan factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.4.7.5 Japan factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.4.8 India
- 8.4.8.1 India factoring services market, 2018 - 2030 (USD Billion)
- 8.4.8.2 India factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.4.8.3 India factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.4.8.4 India factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.4.8.5 India factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.4.9 Singapore
- 8.4.9.1 Singapore factoring services market, 2018 - 2030 (USD Billion)
- 8.4.9.2 Singapore factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.4.9.3 Singapore factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.4.9.4 Singapore factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.4.9.5 Singapore factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.5 Latin America
- 8.5.1 Latin America factoring services market, 2018 - 2030 (USD Billion)
- 8.5.2 Latin America factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.5.3 Latin America factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.5.4 Latin America factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.5.5 Latin America factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.5.6 Brazil
- 8.5.6.1 Brazil factoring services market, 2018 - 2030 (USD Billion)
- 8.5.6.2 Brazil factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.5.6.3 Brazil factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.5.6.4 Brazil factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.5.6.5 Brazil factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.5.7 Mexico
- 8.5.7.1 Mexico factoring services market, 2018 - 2030 (USD Billion)
- 8.5.7.2 Mexico factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.5.7.3 Mexico factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.5.7.4 Mexico factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.5.7.5 Mexico factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.5.8 Chile
- 8.5.8.1 Chile factoring services market, 2018 - 2030 (USD Billion)
- 8.5.8.2 Chile factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.5.8.3 Chile factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.5.8.4 Chile factoring services market, by financial institution, 2018 - 2030 (USD Billion)
- 8.5.8.5 Chile factoring services market, by end-use, 2018 - 2030 (USD Billion)
- 8.6 MEA
- 8.6.1 MEA factoring services market, 2018 - 2030 (USD Billion)
- 8.6.2 MEA factoring services market, by category, 2018 - 2030 (USD Billion)
- 8.6.3 MEA factoring services market, by type, 2018 - 2030 (USD Billion)
- 8.6.4 MEA factoring services market, by financial institution, 2018 - 2030
- 8.6.5 MEA factoring services market, by end-use, 2018 - 2030 (USD Billion)
Chapter 9 Competitive Analysis
- 9.1 Key Global Players, Recent Developments & Their Impact on the Industry
- 9.2 Company/Competition Categorization
- 9.3 Vendor Landscape
- 9.3.1 Factoring Services Market: Key Company Market Ranking/Share Analysis, 2021
Chapter 10 Competitive Landscape
- 10.1 Barclays Bank PLC.
- 10.1.1 Company overview
- 10.1.2 Financial performance
- 10.1.3 Product benchmarking
- 10.1.4 Strategic initiatives
- 10.2 BNP Paribas
- 10.2.1 Company overview
- 10.2.2 Financial performance
- 10.2.3 Product benchmarking
- 10.2.4 Strategic initiatives
- 10.3 China Construction Bank Corporation
- 10.3.1 Company overview
- 10.3.2 Financial performance
- 10.3.3 Product benchmarking
- 10.3.4 Strategic initiatives
- 10.4 Deutsche Factoring Bank
- 10.4.1 Company overview
- 10.4.2 Financial performance
- 10.4.3 Product benchmarking
- 10.4.4 Strategic initiatives
- 10.5 Eurobank
- 10.5.1 Company overview
- 10.5.2 Financial performance
- 10.5.3 Product benchmarking
- 10.5.4 Strategic initiatives
- 10.6 Hitachi Capital (UK) PLC
- 10.6.1 Company overview
- 10.6.2 Financial performance
- 10.6.3 Product benchmarking
- 10.6.4 Strategic initiatives
- 10.7 HSBC Group
- 10.7.1 Company overview
- 10.7.2 Financial performance
- 10.7.3 Product benchmarking
- 10.7.4 Strategic initiatives
- 10.8 ICBC China
- 10.8.1 Company overview
- 10.8.2 Financial performance
- 10.8.3 Product benchmarking
- 10.8.4 Strategic initiatives
- 10.9 Kuke Finance
- 10.9.1 Company overview
- 10.9.2 Financial performance
- 10.9.3 Product benchmarking
- 10.9.4 Strategic initiatives
- 10.10 Mizuho Financial Group, Inc.
- 10.10.1 Company overview
- 10.10.2 Financial performance
- 10.10.3 Product benchmarking
- 10.10.4 Strategic initiatives