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Buy Now Pay Later Market Size, Share & Trends Analysis Report by Channel (Online, POS), by Enterprise Size (Large, SME), by End Use (Consumer Electronics, Fashion & Garment), and Segment Forecasts, 2022-2030

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    Report

  • 140 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 5416019
The global buy now pay later market size is expected to reach USD 39.41 billion by 2030, registering a CAGR of 26.0% from 2022 to 2030. The market growth can be attributed to the high purchasing power offered by the BNPL platforms, coupled with benefits, such as interest-free and convenient payments. On the other hand, an increase in the demand for delayed payments for online shopping and a surge in spending on high-cost products are expected to offer lucrative growth opportunities for the market over the forecast period. Several BNPL solution providers are striking partnerships with other fintech companies to offer their services efficiently.



For instance, in October 2021, Openpay, a buy now pay later solution provider, partnered with Till Payments, an end-to-end payment solution provider, to provide the flexibility of BNPL to more merchants and consumers across New Zealand and Australia. This partnership is expected to enhance the online shopping experience of more consumers across the region owing to the introduction of Openpay’s BNPL option at the Point-of-Sale (PoS) terminal. Moreover, several fintech companies are focusing on developing innovative BNPL features for local shoppers worldwide. For instance, in March 2021, Payflex announced the launch of the BNPL feature for local shoppers in South Africa.

Through this launch, local consumers would be able to purchase items from 500 well-known stores, such as Superbalist, Cotton-on, and many more. The COVID-19 pandemic is expected to have a positive impact on the market. A myriad of unexpected issues stemming from lockdowns, restrictions on the movement of people as well as goods, social distancing measures, and the growing awareness of BNPL payment method prompted various companies to adopt these solutions to provide a better customer experience. As a result, BNPL solution providers witnessed exponential growth in their customer base and transaction volumes. For instance, the overall BNPL transactions on ZestMoney jumped 300% in 2021 compared to 2020.

Buy Now Pay Later Market Report Highlights

  • In terms of channel, the online segment is anticipated to register the fastest CAGR over the forecast period. Numerous e-commerce companies are partnering with BNPL platforms. As a result, customers are shifting their preference toward online payment channels.
  • Small & Medium Enterprises (SMEs) are widely adopting BNPL services to maximize their tax deductions. These services help enterprises in managing their expenses with flexible repayment options and transparent fees.
  • In terms of end use, the fashion & garment segment is expected to register the fastest growth over the forecast period. Millennials are widely adopting BNPL services for paying for clothing in installments.
  • The presence of a large number of BNPL service providers in the North America region is expected to create growth opportunities for the regional market over the forecast period.


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Frequently Asked Questions about the Global Buy Now Pay Later Market

What is the estimated value of the Global Buy Now Pay Later Market?

The Global Buy Now Pay Later Market was estimated to be valued at $6.2 Billion in 2022.

What is the growth rate of the Global Buy Now Pay Later Market?

The growth rate of the Global Buy Now Pay Later Market is 26.0%, with an estimated value of $39.41 Billion by 2030.

What is the forecasted size of the Global Buy Now Pay Later Market?

The Global Buy Now Pay Later Market is estimated to be worth $39.41 Billion by 2030.

Who are the key companies in the Global Buy Now Pay Later Market?

Key companies in the Global Buy Now Pay Later Market include Afterpay, PayPal Holdings, Inc., Affirm, Inc., Klarna Inc., Splitit, Sezzle, Perpay Inc., Openpay and LatitudePay.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Buy Now Pay Later Market-Industry Snapshot & Key Buying Criteria, 2017-2030
2.2 Global Buy Now Pay Later Market, 2017-2030
2.2.1 Global buy now pay later market, by region, 2017-2030
2.2.2 Global buy now pay later market, by channel, 2017-2030
2.2.3 Global buy now pay later market, by enterprise size, 2017-2030
2.2.4 Global buy now pay later market, by end use, 2017-2030
Chapter 3 Buy Now Pay Later Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Buy Now Pay Later Market-Value Chain Analysis
3.3.1 Vendor landscape
3.4 Buy Now Pay Later Market-Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing number of internet users
3.4.1.2 Numerous benefits offered by BNPL platforms
3.4.2 Market challenge analysis
3.4.2.1 High late fee charges
3.5 Penetration and Growth Prospect Mapping
3.6 Buy Now Pay Later Market-Porter’s Five Forces Analysis
3.7 Buy Now Pay Later Market-Key Company Ranking/Company Market Share Analysis, 2020
3.8 Buy Now Pay Later Market-PESTEL Analysis
Chapter 4 Buy Now Pay Later Channel Outlook
4.1 Buy Now Pay Later Market Share by Channel, 2021
4.2 Online
4.2.1 Online buy now pay later market, 2017-2030
4.3 POS
4.3.1 POS buy now pay later market, 2017-2030
Chapter 5 Buy Now Pay Later Enterprise Size Outlook
5.1 Buy Now Pay Later Market Share by Enterprise Size, 2021
5.2 Large Enterprises
5.2.1 Buy now pay later market in large enterprises, 2017-2030
5.3 Small & Medium Enterprises
5.3.1 Buy now pay later market in small & medium enterprises, 2017-2030
Chapter 6 Buy Now Pay Later End-use Outlook
6.1 Buy Now Pay Later Market Share by End Use, 2021
6.2 Consumer Electronics
6.2.1 Buy now pay later market in consumer electronics, 2017-2030
6.3 Fashion & Garment
6.3.1 Buy now pay later market in fashion & garment, 2017-2030
6.4 Healthcare
6.4.1 Buy now pay later market in healthcare, 2017-2030
6.5 Leisure & Entertainment
6.5.1 Buy now pay later market in leisure & entertainment, 2017-2030
6.6 Retail
6.6.1 Buy now pay later market in retail, 2017-2030
6.7 Others
6.7.1 Buy now pay later market in other end use, 2017-2030
Chapter 7 Buy Now Pay Later Regional Outlook
7.1 Buy Now Pay Later Market Share by Region, 2021
7.2 North America
7.2.1 North America buy now pay later market, 2017-2030
7.2.2 North America buy now pay later market, by channel, 2017-2030
7.2.3 North America buy now pay later market, by enterprise size, 2017-2030
7.2.4 North America buy now pay later market, by end use, 2017-2030
7.2.5 U.S.
7.2.5.1 U.S. buy now pay later market, 2017-2030
7.2.5.2 U.S. buy now pay later market, by channel, 2017-2030
7.2.5.3 U.S. buy now pay later market, by enterprise size, 2017-2030
7.2.5.4 U.S. buy now pay later market, by end use, 2017 - 2028
7.2.6 Canada
7.2.6.1 Canada buy now pay later market, 2017-2030
7.2.6.2 Canada buy now pay later market, by channel, 2017-2030
7.2.6.3 Canada buy now pay later market, by enterprise size, 2017-2030
7.2.6.4 Canada buy now pay later market, by end use, 2017 - 2028
7.3 Europe
7.3.1 Europe buy now pay later market, 2017-2030
7.3.2 Europe buy now pay later market, by channel, 2017-2030
7.3.3 Europe buy now pay later market, by enterprise size, 2017-2030
7.3.4 Europe buy now pay later market, by end use, 2017-2030
7.3.5 Germany
7.3.5.1 Germany buy now pay later market, 2017-2030
7.3.5.2 Germany buy now pay later market, by channel, 2017-2030
7.3.5.3 Germany buy now pay later market, by enterprise size, 2017-2030
7.3.5.4 Germany buy now pay later market, by end use, 2017 - 2028
7.3.6 U.K.
7.3.6.1 U.K. buy now pay later market, 2017-2030
7.3.6.2 U.K. buy now pay later market, by channel, 2017-2030
7.3.6.3 U.K. buy now pay later market, by enterprise size, 2017-2030
7.3.6.4 U.K. buy now pay later market, by end use, 2017 - 2028
7.3.7 Sweden
7.3.7.1 Sweden buy now pay later market, 2017-2030
7.3.7.2 Sweden buy now pay later market, by channel, 2017-2030
7.3.7.3 Sweden buy now pay later market, by enterprise size, 2017-2030
7.3.7.4 Sweden buy now pay later market, by end use, 2017 - 2028
7.4 Asia Pacific
7.4.1 Asia Pacific buy now pay later market, 2017-2030
7.4.2 Asia Pacific buy now pay later market, by channel, 2017-2030
7.4.3 Asia Pacific buy now pay later market, by enterprise size, 2017-2030
7.4.4 Asia Pacific buy now pay later market, by end use, 2017-2030
7.4.5 China
7.4.5.1 China buy now pay later market, 2017-2030
7.4.5.2 China buy now pay later market, by channel, 2017-2030
7.4.5.3 China buy now pay later market, by enterprise size, 2017-2030
7.4.5.4 China buy now pay later market, by end use, 2017 - 2028
7.4.6 India
7.4.6.1 India buy now pay later market, 2017-2030
7.4.6.2 India buy now pay later market, by channel, 2017-2030
7.4.6.3 India buy now pay later market, by enterprise size, 2017-2030
7.4.6.4 India buy now pay later market, by end use, 2017 - 2028
7.4.7 Japan
7.4.7.1 Japan buy now pay later market, 2017-2030
7.4.7.2 Japan buy now pay later market, by channel, 2017-2030
7.4.7.3 Japan buy now pay later market, by enterprise size, 2017-2030
7.4.7.4 Japan buy now pay later market, by end use, 2017 - 2028
7.4.8 Australia
7.4.8.1 Australia buy now pay later market, 2017-2030
7.4.8.2 Australia buy now pay later market, by channel, 2017-2030
7.4.8.3 Australia buy now pay later market, by enterprise size, 2017-2030
7.4.8.4 Australia buy now pay later market, by end use, 2017 - 2028
7.5 Latin America
7.5.1 Latin America buy now pay later market, 2017-2030
7.5.2 Latin America buy now pay later market, by channel, 2017-2030
7.5.3 Latin America buy now pay later market, by enterprise size, 2017-2030
7.5.4 Latin America buy now pay later market, by end use, 2017-2030
7.5.5 Brazil
7.5.5.1 Brazil buy now pay later market, 2017-2030
7.5.5.2 Brazil buy now pay later market, by channel, 2017-2030
7.5.5.3 Brazil buy now pay later market, by enterprise size, 2017-2030
7.5.5.4 Brazil buy now pay later market, by end use, 2017 - 2028
7.6 MEA
7.6.1 MEA buy now pay later market, 2017-2030
7.6.2 MEA buy now pay later market, by channel, 2017-2030
7.6.3 MEA buy now pay later market, by enterprise size, 2017-2030
7.6.4 MEA buy now pay later market, by end use, 2017-2030
Chapter 8 Competitive Analysis
8.1 Recent Developments and Impact Analysis, by Key Market Participants
8.2 Competitive Dashboard Analysis
8.3 Company Market Positioning Analysis
8.4 List of Key Emerging Companies/Technology Disruptors/Innovators
8.5 Company Geographical Presence
Chapter 9 Competitive Landscape
9.1 Afterpay
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 PayPal Holdings, Inc.
9.2.1 Company overview
9.2.2 Financial performance
9.2.3 Product benchmarking
9.2.4 Strategic initiatives
9.3 Affirm, Inc.
9.3.1 Company overview
9.3.2 Financial performance
9.3.3 Product benchmarking
9.3.4 Strategic initiatives
9.4 Klarna Inc.
9.4.1 Company overview
9.4.2 Financial performance
9.4.3 Product benchmarking
9.4.4 Strategic initiatives
9.5 Splitit
9.5.1 Company overview
9.5.2 Financial performance
9.5.3 Product benchmarking
9.5.4 Strategic initiatives
9.6 Sezzle
9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Product benchmarking
9.6.4 Strategic initiatives
9.7 Perpay Inc.
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Product benchmarking
9.7.4 Strategic initiatives
9.8 Openpay
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Product benchmarking
9.8.4 Strategic initiatives
9.9 Quadpay, Inc.
9.9.1 Company overview
9.9.2 Financial performance
9.9.3 Product benchmarking
9.9.4 Strategic initiatives
9.10 LatitudePay
9.10.1 Company overview
9.10.2 Financial performance
9.10.3 Product benchmarking
9.10.4 Strategic initiatives

Companies Mentioned

  • Afterpay
  • PayPal Holdings, Inc.
  • Affirm, Inc.
  • Klarna Inc.
  • Splitit
  • Sezzle
  • Perpay Inc.
  • Openpay
  • Quadpay, Inc.
  • LatitudePay

Methodology

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