The global peer to peer (P2P) lending market size reached US$ 147.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 626.5 Billion by 2028, exhibiting a growth rate (CAGR) of 26.1% during 2023-2028.
Peer-to-peer (P2P) lending refers to an online monetary arrangement between individuals and businesses without involving banks or other financial institutions. It lends money to eligible applicants through online services that connect borrowers directly to lenders or investors. It is a readily available source of capital that allows individuals to get personal, business, or educational loans at low-interest rates and flexible repayment terms. It provides a higher return on investment (ROI) and helps avail convenient, quick, and hassle-free loans with minimal documentation and zero impact on the credit scores. Besides this, P2P lendingfacilitates multiple partner lending and borrowing to diversify investments.
Global Peer to Peer (P2P) Lending Market Trends:
P2P lending platforms eliminate the cost of establishing physical branches, maintenance, and staff and provide minimal risk for both lenders and borrowers. This, in confluence with the expansion of small and medium-sized enterprises (SMEs), represents one of the key factors driving the market. Moreover, the rising need for an alternative financing option that provides minimal charging fees and convenient repayment options is contributing to the market growth. Apart from this, various technological advancements, such as the development of smart contracts on blockchain technology that provide reliable and transparent borrowing and lending facilities, are propelling the market growth. Moreover, the shifting consumer preferences toward online loans to avoid the hefty documentation process and lengthy lending procedures are stimulating market growth. Furthermore, the increasing number of studentsstudying abroad is catalyzing the demand for educational loans.Besides this, the rapid digitization of the banking, financial services, and insurance (BFSI) industry and the increasing real estate lending are anticipated to positively influence the global peer to peer (P2P) market size.
Peer-to-peer (P2P) lending refers to an online monetary arrangement between individuals and businesses without involving banks or other financial institutions. It lends money to eligible applicants through online services that connect borrowers directly to lenders or investors. It is a readily available source of capital that allows individuals to get personal, business, or educational loans at low-interest rates and flexible repayment terms. It provides a higher return on investment (ROI) and helps avail convenient, quick, and hassle-free loans with minimal documentation and zero impact on the credit scores. Besides this, P2P lendingfacilitates multiple partner lending and borrowing to diversify investments.
Global Peer to Peer (P2P) Lending Market Trends:
P2P lending platforms eliminate the cost of establishing physical branches, maintenance, and staff and provide minimal risk for both lenders and borrowers. This, in confluence with the expansion of small and medium-sized enterprises (SMEs), represents one of the key factors driving the market. Moreover, the rising need for an alternative financing option that provides minimal charging fees and convenient repayment options is contributing to the market growth. Apart from this, various technological advancements, such as the development of smart contracts on blockchain technology that provide reliable and transparent borrowing and lending facilities, are propelling the market growth. Moreover, the shifting consumer preferences toward online loans to avoid the hefty documentation process and lengthy lending procedures are stimulating market growth. Furthermore, the increasing number of studentsstudying abroad is catalyzing the demand for educational loans.Besides this, the rapid digitization of the banking, financial services, and insurance (BFSI) industry and the increasing real estate lending are anticipated to positively influence the global peer to peer (P2P) market size.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global peer to peer (P2P) lending market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on loan type, business model and end user.Breakup by Loan Type:
- Consumer Lending
- Business Lending
Breakup by Business Model:
- Marketplace Lending
- Traditional Lending
Breakup by End User:
- Consumer (Individual/Households)
- Small Businesses
- Large Businesses
- Real Estate
- Others
Breakup by Region:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
- North America holds the majority of themarket share due to the presence of big businesses and giant corporations in the region.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Avant Inc., Commonbond Inc., Funding Circle Ltd., LendingClub Corporation, Lendingtree Inc. (InterActiveCorp and Tree.com Inc.), On Deck Capital Inc., Prosper Marketplace Inc., Retail Money Market Ltd., Social Finance Inc., Upstart Network Inc. and Zopa Limited.Key Questions Answered in This Report:
- How has the global peer to peer (P2P) lending market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global peer to peer (P2P) lending market?
- What are the key regional markets?
- What is the breakup of the market based on the loan type?
- What is the breakup of the market based on the business model?
- What is the breakup of the market based on the end user?
- 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 peer to peer (P2P) lending market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Peer to Peer (P2P) Lending Market
6 Market Breakup by Loan Type
7 Market Breakup by Business Model
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Avant Inc.
- Commonbond Inc.
- Funding Circle Ltd.
- LendingClub Corporation
- Lendingtree Inc. (InterActiveCorp and Tree.com Inc.)
- On Deck Capital Inc.
- Prosper Marketplace Inc.
- Retail Money Market Ltd.
- Social Finance Inc.
- Upstart Network Inc. and Zopa Limited
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 143 |
Published | May 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 147.9 Billion |
Forecasted Market Value ( USD | $ 626.5 Billion |
Compound Annual Growth Rate | 27.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |