+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Factoring Services Market Size, Share & Trends Analysis Report by Category (Domestic, International), by Type (Recourse, Non-recourse), by Financial Institution, by End Use, by Region, and Segment Forecasts, 2022-2030

  • PDF Icon

    Report

  • 120 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 5415459
The global factoring services market size is expected to reach USD 7,005.90 billion by 2030, registering a CAGR of 8.8% from 2022 to 2030. The market growth can be attributed to the increasing open trade accounts and cross-border businesses. The expansion of the manufacturing industry in Asian countries and the growing need among startups and SMEs for an alternate source of finance are further driving the market growth.



Technologies such as blockchain are widely implemented in the financing process to reduce operational costs and enhance security. For instance, Tallysticks, an international trade solution firm, uses blockchain technology to offer advanced data security and complete transparency throughout the factoring process. The firm offers an easy automated invoice financing process with a strong credit reporting system.

Factoring services can be customized based on various requirements of the clients to fit their unique business needs. Unlike bank loans, these services are based on the current value of the sales ledger rather than historic management information. Moreover, they do not result in an increased liability as they are a transaction of sale and not a loan. As a result, they are becoming a popular choice among businesses.

Meanwhile, factors such as archaic regulations, foreign currency restrictions, and stamp duties are likely to hamper the market growth. However, the increasing focus of regulators on data management and extensive adoption of real-time payments networks are expected to help reduce complexities in trade finance. The increased demand for drafting proper laws to govern financial transactions, such as the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Secured Transactions, is also expected to boost market growth over the coming years.

Factoring Services Market Report Highlights

  • The international segment is expected to register a considerable CAGR of 9.4% over the forecast period owing to the rapid growth of trade among emerging economies such as China, India, and Thailand.
  • The non-recourse segment is expected to witness considerable growth over the forecast period. Non-recourse service providers perform thorough credit evaluations and offer credit protection against bad debts.
  • The bank segment accounted for the largest market share in 2021. A factoring process is entirely regulated by banks and the absence of a middleman helps to lower the costs involved.
  • The healthcare segment is anticipated to grow at a considerable CAGR of 10.5% over the forecast period. Healthcare firms provide advanced payments for third-party payers and offer support to cover the lease cost of equipment.
  • Asia Pacific is expected to register the highest CAGR of 11.1% owing to infrastructural and industrial growth in the region. Additionally, the demand for factoring services is higher among SMEs in India and China.


This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Factoring Services Market

What is the estimated value of the Global Factoring Services Market?

The Global Factoring Services Market was estimated to be valued at $3566.99 Billion in 2022.

What is the growth rate of the Global Factoring Services Market?

The growth rate of the Global Factoring Services Market is 8.8%, with an estimated value of $7005.9 Billion by 2030.

What is the forecasted size of the Global Factoring Services Market?

The Global Factoring Services Market is estimated to be worth $7005.9 Billion by 2030.

Who are the key companies in the Global Factoring Services Market?

Key companies in the Global Factoring Services Market include Barclays Bank PLC., BNP Paribas, China Construction Bank Corporation, Deutsche Factoring Bank, Eurobank, Hitachi Capital (UK) PLC, HSBC Group, ICBC China and Mizuho Financial Group, Inc..

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 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, 2017-2030
2.2 Global Factoring Services Market, 2017-2030 (USD Billion)
2.2.1 Global Factoring Services Market, by Region, 2017-2030 (USD Billion)
2.2.2 Global Factoring Services Market, by Category, 2017-2030 (USD Billion)
2.2.3 Global Factoring Services Market, by Type, 2017-2030 (USD Billion)
2.2.4 Global Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
2.2.5 Global Factoring Services Market, by End Use, 2017-2030 (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 Penetration and Growth Prospect Mapping
3.6 Market Analysis Tools:
3.6.1 Factoring Services Industry Analysis-Porter’s Five Forces Analysis
3.6.2 Factoring Services Industry Analysis-PEST Analysis
3.7 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, 2017-2030 (USD Billion)
4.3 International
4.3.1 Factoring Services International Market, by Region, 2017-2030 (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, 2017-2030 (USD Billion)
5.3 Non-Recourse
5.3.1 Non-Recourse Factoring Services Market, by Region, 2017-2030 (USD Billion)
Chapter 6 Factoring Services Market: Financial Institution Segment Analysis
6.1 Factoring Services Market: by Financial Instituion Segment Outlook & Market Share, 2021 and 2030
6.2 Banks
6.2.1 Factoring Services Market In Banks, by Region 2017-2030 (USD Billion)
6.3 Non-Banking Financial Institutions (NBFC)
6.3.1 Factoring Services Market in NBFC, by Region 2017-2030 (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 2017-2030 (USD Billion)
7.3 Transport & Logistics
7.3.1 Factoring Services Market In Transport & Logistics, by Region 2017-2030 (USD Billion)
7.4 Information Technology
7.4.1 Factoring Services Market In Information Technology, by Region 2017-2030 (USD Billion)
7.5 Healthcare
7.5.1 Factoring Services Market In Healthcare, by Region 2017-2030 (USD Billion)
7.6 Construction
7.6.1 Factoring Services Market In Construction, by Region 2017-2030 (USD Billion)
7.7 Others
7.7.1 Factoring Services Market In Other End Use, by Region 2017-2030 (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, 2017-2030 (USD Billion)
8.2.2 North America Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.2.3 North America Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.2.4 North America Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.2.5 North America Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.2.6 U.S.
8.2.6.1 U.S. Factoring Services Market, 2017-2030 (USD Billion)
8.2.6.2 U.S. Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.2.6.3 U.S. Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.2.6.4 U.S. Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.2.6.5 U.S. Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.2.7 Canada
8.2.7.1 Canada Factoring Services Market, 2017-2030
8.2.7.2 Canada Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.2.7.3 Canada Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.2.7.4 Canada Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.2.7.5 Canada Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.3 Europe
8.3.1 Europe Factoring Services Market, 2017-2030 (USD Billion)
8.3.2 Europe Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.3.3 Europe Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.3.4 Europe Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.3.5 Europe Factoring Services Market, by End Use, 2017-2030(USD Billion)
8.3.6 U.K.
8.3.6.1 U.K. Factoring Services Market, 2017-2030 (USD Billion)
8.3.6.2 U.K. Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.3.6.3 U.K. Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.3.6.4 U.K. Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.3.6.5 U.K. Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.3.7 Germany
8.3.7.1 Germany factoring Services Market, 2017-2030 (USD Billion)
8.3.7.2 Germany Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.3.7.3 Germany Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.3.7.4 Germany factoring Services Market, by Financial institution, 2017-2030 (USD Billion)
8.3.7.5 Germany Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.3.8 France
8.3.8.1 France Factoring Services Market, 2017-2030 (USD Billion)
8.3.8.2 France Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.3.8.3 France Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.3.8.4 France factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.3.8.5 France Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.3.9 Italy
8.3.9.1 Italy factoring Services Market, 2017-2030 (USD Billion)
8.3.9.2 Italy Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.3.9.3 Italy Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.3.9.4 Italy Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.3.9.5 Italy Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.4 Asia Pacific
8.4.1 Asia Pacific Factoring Services Market, 2017-2030 (USD Billion)
8.4.2 Asia Pacific Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.4.3 Asia Pacific factoring Services Market, by Type, 2017-2030 (USD Billion)
8.4.4 Asia Pacific Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.4.5 Asia Pacific Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.4.6 China
8.4.6.1 China Factoring Services Market, 2017-2030 (USD Billion)
8.4.6.2 China Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.4.6.3 China Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.4.6.4 China Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.4.6.5 China Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.4.7 Japan
8.4.7.1 Japan Factoring Services Market, 2017-2030 (USD Billion)
8.4.7.2 Japan Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.4.7.3 Japan Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.4.7.4 Japan factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.4.7.5 Japan Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.4.8 India
8.4.8.1 India Factoring Services Market, 2017-2030 (USD Billion)
8.4.8.2 India Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.4.8.3 India Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.4.8.4 India Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.4.8.5 India Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.4.9 Singapore
8.4.9.1 Singapore Factoring Services Market, 2017-2030 (USD Billion)
8.4.9.2 Singapore Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.4.9.3 Singapore Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.4.9.4 Singapore Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.4.9.5 Singapore Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.5 Latin America
8.5.1 Latin America Factoring Services Market, 2017-2030 (USD Billion)
8.5.2 Latin America Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.5.3 Latin America Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.5.4 Latin America Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.5.5 Latin America Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.5.6 Brazil
8.5.6.1 Brazil Factoring Services Market, 2017-2030 (USD Billion)
8.5.6.2 Brazil Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.5.6.3 Brazil Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.5.6.4 Brazil Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.5.6.5 Brazil Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.5.7 Mexico
8.5.7.1 Mexico Factoring Services Market, 2017-2030 (USD Billion)
8.5.7.2 Mexico Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.5.7.3 Mexico Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.5.7.4 Mexico Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.5.7.5 Mexico Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.5.8 Chile
8.5.8.1 Chile Factoring Services Market, 2017-2030 (USD Billion)
8.5.8.2 Chile Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.5.8.3 Chile Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.5.8.4 Chile Factoring Services Market, by Financial Institution, 2017-2030 (USD Billion)
8.5.8.5 Chile Factoring Services Market, by End Use, 2017-2030 (USD Billion)
8.6 MEA
8.6.1 MEA Factoring Services Market, 2017-2030 (USD Billion)
8.6.2 MEA Factoring Services Market, by Category, 2017-2030 (USD Billion)
8.6.3 MEA Factoring Services Market, by Type, 2017-2030 (USD Billion)
8.6.4 MEA Factoring Services Market, by Financial Institution, 2017-2030
8.6.5 MEA Factoring Services Market, by End Use, 2017-2030 (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

Companies Mentioned

  • Barclays Bank PLC.
  • BNP Paribas
  • China Construction Bank Corporation
  • Deutsche Factoring Bank
  • Eurobank
  • Hitachi Capital (UK) PLC
  • HSBC Group
  • ICBC China
  • Kuke Finance
  • Mizuho Financial Group, Inc.

Methodology

Loading
LOADING...