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Buy Now Pay Later (BNPL) Market Size, Share, Trends, Analysis and Forecasts by Spend Category (Clothing & Footwear, Furniture, Travel & Accommodation, Sports & Entertainment) and By Region and Segment Forecast 2021-2026

  • Report
  • 89 Pages
  • November 2022
  • Region: Global
  • GlobalData
  • ID: 5702974
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The BNPL market size was valued at US$141.8 billion in 2021. The market is expected to grow at a CAGR of more than 33.3% during the forecast period (2021-2026). The BNPL market report provides an executive-level overview of the BNPL market worldwide today, with detailed forecasts of key indicators up to 2026.

This market intelligence report offers a thorough, forward-looking analysis of the global BNPL market by spend category and key opportunities in a concise format to help executives build proactive and profitable growth strategies.

Key Highlights

The global Buy Now Pay Later (BNPL) market size was valued at US$141.8 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 33.3% during 2021-2026. Online payments are rapidly growing as more consumers are taking advantage of online shopping favoring growth. BNPL over the last couple of years has gained popularity as an alternative credit option, a trend expected to continue during the forecast period. The payment method has emerged as a popular choice with GenZ and Millennials.

Scope

  • This report provides overview and service addressable market for BNPL market
  • It identifies the key trends impacting growth of the market over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends
  • It includes global market forecasts for the BNPL Market and analysis of patents, company filings, and hiring trends
  • It contains details of M&A deals in the BNPL space, and a timeline highlighting milestones in the development of BNPL industry
  • The detailed value chain consists of four layers: Lending layer, Open Banking layer, Security Provider layer, and Credit Bureaus layer

Reasons to Buy

  • This market intelligence report offers a thorough, forward-looking analysis of the global BNPL market spend category, and key opportunities in a concise format to help executives build proactive and profitable growth strategies
  • Accompanying the publisher's Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in BNPL markets
  • The report highlights key spend category segments (furniture, electrical goods & home appliances, clothing & footwear, sports & fitness equipment, travel & accommodation, media & entertainment health & beauty, food & drink, and others)
  • With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality
  • The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in BNPL markets
  • The broad perspective of the report coupled with comprehensive, actionable detail will help BFSI stakeholders, service providers, and other BNPL players succeed in growing the BNPL market globally

Table of Contents

CHAPTER 01 Executive Summary
1.1 Buy Now Pay Later (BNPL) Market Snapshot

CHAPTER 02 Research Scope & Segmentation

CHAPTER 03 Buy Now Pay Later (BNPL) Industry Trend Analysis
3.1 Buy Now Pay Later (BNPL) - Industry Value Chain
3.1.1 Lending
3.1.2 Open Banking
3.1.3 Security Provider
3.1.4 Credit Bureaus
3.2 Buy Now Pay Later (BNPL) Market Structure - PORTER’s Analysis
3.3 Buy Now Pay Later (BNPL) - Market Variables & Impact Analysis
3.3.1 Market Driver Analysis
3.3.1.1 Proliferation of Online Payments
3.3.1.2 Growth of Social Media & E-commerce
3.3.1.3 Technological Advancements in Super Apps and Machine Learning
3.3.2 Market Challenges/Impediments
3.3.2.1 BNPL Regulation
3.3.2.2 Failure to properly disclose terms and conditions
3.3.2.3 Strong Customer Authentication (SCA) and BNPL credit approval process
3.3.3 COVID-19 Impact Analysis
3.3.4 Russia-Ukraine conflict
3.3.5 Consumer Use Cases
3.3.5.1 Convenience
3.3.5.2 Deferred payment without fees
3.3.5.3 Purchase protection
3.3.5.4 Fraud mitigation
3.3.5.5 Increased purchasing power
3.3.6 Merchant use cases
3.3.6.1 Increased checkout basket size
3.3.6.2 Improved customer conversion/reduced checkout abandonment
3.3.6.3 Immediate access to funds
3.3.6.4 Fraud and default risk
3.4 Buy Now Pay Later (BNPL)- Mergers & Acquisitions (M&A)
3.4.1 M&A Activity Dashboard
3.5 Buy Now Pay Later (BNPL)- Patent Analysis
3.5.1 Patent Analytics Dashboard
3.6 Buy Now Pay Later (BNPL)- Job Analysis
3.6.1 Job Analytics Dashboard
3.7 Buy Now Pay Later (BNPL)- Venture Financing Analysis
3.7.1 Venture Financing Dashboard
3.8 Social Media Analysis
3.8.1 Social Media Analytics Dashboard

CHAPTER 04 Global Buy Now Pay Later (BNPL) Revenue Opportunity
4.1 Global Market Revenue Snapshot
4.2 Global Buy Now Pay Later (BNPL) Market By Spend Category

CHAPTER 05 Buy Now Pay Later (BNPL) Regional Outlook
5.1 Buy Now Pay Later (BNPL) - Regional Deep Dive
5.2 North America Buy Now Pay Later (BNPL) Market Snapshot
5.2.1 North America Buy Now Pay Later (BNPL) Market By Spend Category
5.2.2 US Buy Now Pay Later (BNPL) Market
5.2.2.1 US Buy Now Pay Later (BNPL) Market By Spend Category
5.2.3 Canada Buy Now Pay Later (BNPL) Market
5.2.3.1 Canada Buy Now Pay Later (BNPL) Market By Spend Category
5.3 Europe Buy Now Pay Later (BNPL) Market Snapshot
5.3.1 Europe Buy Now Pay Later (BNPL) Market By Spend Category
5.3.2 Germany Buy Now Pay Later (BNPL) Market
5.3.2.1 Germany Buy Now Pay Later (BNPL) Market By Spend Category
5.3.3 UK Buy Now Pay Later (BNPL) Market
5.3.3.1 UK Buy Now Pay Later (BNPL) Market By Spend Category
5.3.4 France Buy Now Pay Later (BNPL) Market
5.3.4.1 France Buy Now Pay Later (BNPL) Market By Spend Category
5.3.5 Italy Buy Now Pay Later (BNPL) Market
5.3.5.1 Italy Buy Now Pay Later (BNPL) Market By Spend Category
5.3.6 Spain Buy Now Pay Later (BNPL) Market
5.3.6.1 Spain Buy Now Pay Later (BNPL) Market By Spend Category
5.3.7 Netherlands Buy Now Pay Later (BNPL) Market
5.3.7.1 Netherlands Buy Now Pay Later (BNPL) Market By Spend Category
5.3.8 Rest of Europe Buy Now Pay Later (BNPL) Market
5.3.8.1 Rest of Europe Buy Now Pay Later (BNPL) Market By Spend Category
5.4 South & Central America Buy Now Pay Later (BNPL) Market Snapshot
5.4.1 South & Central America Buy Now Pay Later (BNPL) Market By Spend Category
5.4.2 Brazil Buy Now Pay Later (BNPL) Market
5.4.2.1 Brazil Buy Now Pay Later (BNPL) Market By Spend Category
5.4.3 Mexico Buy Now Pay Later (BNPL) Market
5.4.3.1 Mexico Buy Now Pay Later (BNPL) Market By Spend Category
5.4.4 Argentina Buy Now Pay Later (BNPL) Market
5.4.4.1 Argentina Buy Now Pay Later (BNPL) Market By Spend Category
5.4.5 Rest of South & Central America Buy Now Pay Later (BNPL) Market
5.4.5.1 Rest of South & Central America Buy Now Pay Later (BNPL) Market By Spend Category
5.5 Asia Pacific Buy Now Pay Later (BNPL) Market Snapshot
5.5.1 Asia Pacific Buy Now Pay Later (BNPL) Market By Spend Category
5.5.2 China Buy Now Pay Later (BNPL) Market
5.5.2.1 China Buy Now Pay Later (BNPL) Market By Spend Category
5.5.3 India Buy Now Pay Later (BNPL) Market
5.5.3.1 India Buy Now Pay Later (BNPL) Market By Spend Category
5.5.4 Japan Buy Now Pay Later (BNPL) Market
5.5.4.1 Japan Buy Now Pay Later (BNPL) Market By Spend Category
5.5.5 Australia Buy Now Pay Later (BNPL) Market
5.5.5.1 Australia Buy Now Pay Later (BNPL) Market By Spend Category
5.5.6 Rest of Asia Pacific Buy Now Pay Later (BNPL) Market
5.5.6.1 Rest of Asia Pacific Buy Now Pay Later (BNPL) Market By Spend Category
5.6 Middle East & Africa Buy Now Pay Later (BNPL) Market Snapshot
5.6.1 Middle East & Africa Buy Now Pay Later (BNPL) Market By Spend Category
5.6.2 UAE Buy Now Pay Later (BNPL) Market
5.6.2.1 UAE Buy Now Pay Later (BNPL) Market By Spend Category
5.6.3 Saudi Arabia Buy Now Pay Later (BNPL) Market
5.6.3.1 Saudi Arabia Buy Now Pay Later (BNPL) Market By Spend Category
5.6.4 Turkey Buy Now Pay Later (BNPL) Market
5.6.4.1 Turkey Buy Now Pay Later (BNPL) Market By Spend Category
5.6.5 Rest of Middle East & Africa Buy Now Pay Later (BNPL) Market
5.6.5.1 Rest of Middle East & Africa Buy Now Pay Later (BNPL) Market By Spend Category

CHAPTER 06 Global Buy Now Pay Later (BNPL) Competitive Landscape
6.1 BNPL Competitive Analysis
6.2 Key Vendors in BNPL Market
6.2.1 Affirm Inc
6.2.1.1 Company Overview and Financial Performance
6.2.1.2 Recent Developments and Innovation
6.2.2 Afterpay Ltd
6.2.2.1 Company Overview and Financial Performance
6.2.2.2 Recent Developments and Innovation
6.2.3 Amazon Payments, Inc.
6.2.3.1 Company Overview and Financial Performance
6.2.3.2 Recent Developments and Innovation
6.2.4 Klarna Bank AB
6.2.4.1 Company Overview and Financial Performance
6.2.4.2 Recent Developments and Innovation
6.2.5 Mastercard Inc
6.2.5.1 Company Overview and Financial Performance
6.2.5.2 Recent Developments and Innovation
6.2.6 PayPal Holdings Inc
6.2.6.1 Company Overview and Financial Performance
6.2.6.2 Recent Developments and Innovation
6.2.7 Sezzle Inc
6.2.7.1 Company Overview and Financial Performance
6.2.7.2 Recent Developments and Innovation
6.2.8 Spiltit Payments Ltd
6.2.8.1 Company Overview and Financial Performance
6.2.8.2 Recent Developments and Innovation
6.2.9 Visa Inc
6.2.9.1 Company Overview and Financial Performance
6.2.9.2 Recent Developments and Innovation
6.2.10 Zip Co Ltd
6.2.10.1 Company Overview and Financial Performance
6.2.10.2 Recent Developments and Innovation
6.3 Other Vendors in BNPL Market
6.3.1 Addi.
6.3.2 American Express Co
6.3.3 Ant Group Co Ltd
6.3.4 Apple Pay Ltd
6.3.5 Barclays Plc
6.3.6 Behalf, Inc.
6.3.7 Biller
6.3.8 Billie GmbH
6.3.9 Block Inc
6.3.10 Bread Financial Holdings Inc
6.3.11 Bumper International Ltd
6.3.12 Citigroup Inc
6.3.13 Curve
6.3.14 Divido Financial Services, Ltd
6.3.15 The Goldman Sachs Group Inc
6.3.16 Grab Holdings Inc
6.3.17 JPMorgan Chase & Co
6.3.18 Laybuy Holdings Ltd
6.3.19 Limepay
6.3.20 Monzo Bank Ltd
6.3.21 Openpay Group Ltd
6.3.22 One97 Communications Ltd. (Paytm)
6.3.23 Revolut Ltd
6.3.24 Banco Santander SA
6.3.25 Veem Inc
6.3.26 Zilch Technology Limited

CHAPTER 07 Methodology and Scope
7.1 Research Elements
7.2 Information Procurement
7.3 Buy Now Pay Later (BNPL) Analysis
7.4 Market Opportunity Forecast - Research Methodology & Formulation
7.5 Competitive Index - Research Methodology & Formulation
7.6 Additional Resources
7.6.1 Market Definitions - Product/Service Segments
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List of Tables
Table 1 Key Trends Overview
Table 2 Global Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 3 North America Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 4 US Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 5 Canada Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 6 Europe Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 7 Germany Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 8 UK Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 9 France Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 10 Italy Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 11 Spain Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 12 Netherlands Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 13 Rest of Europe Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 14 South & Central America Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 15 Brazil Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 16 Mexico Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 17 Argentina Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 18 Rest of South & Central America Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 19 Asia Pacific Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 20 China Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 21 India Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 22 Japan Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 23 Australia Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 24 Rest of Asia Pacific Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 25 Middle East & Africa Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 26 UAE Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 27 Saudi Arabia Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 28 Turkey Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)
Table 29 Rest of Middle East & Africa Buy Now Pay Later (BNPL) Market By Spend Category, 2019 - 2026 ($Mn)

List of Figures
Figure 1 BNPL Market Snapshot
Figure 2 BNPL Sector Overview
Figure 3 Buy Now Pay Later (BNPL) Market Segmentation
Figure 4 BNPL Industry value chain analysis
Figure 5 BNPL Lending: Leaders & Disruptors
Figure 6 Open Banking: Leaders & Disruptors
Figure 7 Security Provider: Leaders & Disruptors
Figure 8 Credit Bureaus: Leaders & Disruptors
Figure 9 Global Buy Now Pay Later (BNPL) PORTER’s Five Force Analysis
Figure 10 Buy Now Pay Later (BNPL) Market - Key Drivers Impact Analysis
Figure 11 Buy Now Pay Later (BNPL)- Key Market Challenges/Impediments Impact Analysis
Figure 12 Buy Now Pay Later (BNPL)- M&A Activity Dashboard
Figure 13 Buy Now Pay Later (BNPL)- Patent Activity Dashboard
Figure 14 Buy Now Pay Later (BNPL)- Job Analytics Dashboard
Figure 15 BNPL- Venture Financing Dashboard
Figure 16 Buy Now Pay Later (BNPL)- Social Media Analytics Dashboard
Figure 17 Global Buy Now Pay Later (BNPL) Market - Revenue Opportunity Forecast, 2019-2026 (US$ Million)
Figure 18 Global Buy Now Pay Later (BNPL) Market By Spend Category, 2019-2026 (US$ Million)
Figure 19 Buy Now Pay Later (BNPL)- Market Overview
Figure 20 North America Buy Now Pay Later (BNPL) Market Snapshot
Figure 21 North America Buy Now Pay Later (BNPL) Market By Spend Category Share - 2021 & 2026 (%)
Figure 22 US Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 23 Canada Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 24 Europe Buy Now Pay Later (BNPL) Market Snapshot
Figure 25 Europe Buy Now Pay Later (BNPL) Market By Spend Category Share - 2021 & 2026 (%)
Figure 26 Germany Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 27 UK Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 28 France Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 29 Italy Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 30 Spain Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 31 Netherlands Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 32 Rest of Europe Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 33 South & Central America Buy Now Pay Later (BNPL) Market Snapshot
Figure 34 South & Central America Buy Now Pay Later (BNPL) Market By Spend Category Share - 2021 & 2026 (%)
Figure 35 Brazil Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 36 Mexico Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 37 Argentina Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 38 Rest of South & Central America Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 39 Asia Pacific Buy Now Pay Later (BNPL) Market Snapshot
Figure 40 Asia Pacific Buy Now Pay Later (BNPL) Market By Spend Category Share - 2021 & 2026 (%)
Figure 41 China Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 42 India Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 43 Japan Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 44 Australia Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 45 Rest of Asia Pacific Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 46 Middle East & Africa Buy Now Pay Later (BNPL) Market Snapshot
Figure 47 Middle East & Africa Buy Now Pay Later (BNPL) Market By Spend Category Share - 2021 & 2026 (%)
Figure 48 UAE Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 49 Saudi Arabia Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 50 Turkey Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 51 Rest of Middle East & Africa Buy Now Pay Later (BNPL) Spend Category Share - 2021 & 2026 (%)
Figure 52 BNPL - Growth-Innovation Matrix
Figure 53 Research Elements
Figure 54 Information Procurement
Figure 55 Data Analysis Model
Figure 56 Research Methodology
Figure 57 Market Definitions

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Affirm Holdings Inc
  • Afterpay Ltd
  • Amazon.com Inc
  • Klarna Bank AB
  • Mastercard Inc
  • PayPal Holdings Inc
  • Sezzle Inc
  • Splitit Payments Ltd
  • Visa Inc
  • Zip Co Ltd