Factoring Market by 2020-2025 Witness Outstanding Growth, Type, Application, Regions, Trends Analysis and Forecast

Global factoring market is projected to reach USD 9,275.15 billion by 2025. Growing awareness, technological advancement, need for financing, efficiency in process of receiving payment for invoices, increasing trade activities between countries and growing small and medium enterprises are some of the major factors due to which the demand for factoring is expected to grow during the forecast period.

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Europe dominated the global factoring market by occupying 65.5% in 2017 followed by the Asia Pacific. North America contributed a smaller amount of market share in 2017. However, the volume of factoring is high when compared to a number of small & medium enterprises and big corporates. Hence, the adoption of factoring is high in North America region when compared with the Asia Pacific, which has a lot of potential market with most of the countries are in developing stage including Malaysia, India, Indonesia, Philippines, and Thailand.

Domestic factoring occupied more than 80.0% of global factoring market in 2017 and is expected to maintain its dominance during the forecast period. The small and medium enterprises play a major role in the development of countries GDP growth. However, this type of businesses run out of financials which is a major constraint for them and due to which many of SME's are shut down. Here is where domestic factoring comes in play and helps SME's to grow their business by taking the burden of their invoices and letting them focus on their operations.

The global factoring market is fragmented with the presence of many established international and domestic players. The Asia-Pacific has the highest number of companies with a count of 5,133 followed by North America. Moreover, Asia Pacific has the highest number of emerging economies such as India, China, Malaysia, Indonesia, Philippines, and Thailand. The countries are getting many investments from around the world as most of the developed markets are saturated and are looking for new opportunities. However, Europe occupied the largest market size for factoring in 2017 with only 646 companies.

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The global factoring market is segmented on the basis of the type- domestic and international factoring. Domestic factoring basically involves three parties namely buyer, client and the factor which are domiciled in the same country. While, the international factoring also called as export factoring, includes four parties such as exporter, importer, export factor and the import factor, which carry out cross-border transactions. The import factor evaluates the importer with respect to the collection of dues in time and assessing the chances for defaulting. The export factor looks after the financing of the exporter and collection of account receivables. This type of factoring is also termed as the two-factor system.

The growth in international factoring has been mainly driven by the rise in open account trade, specifically from suppliers in the developing countries. The major importers in the developed countries are pushing the demand, including the acceptance of factoring as an appropriate alternative to traditional forms of trade finance. China has played the most important role in this impressive international factoring growth over the past decade, growing at a rate of above 50% per annum, and becoming one of the largest factoring markets globally.

Key segments of the global factoring market
Type Overview:
o Domestic Factoring
o International Factoring
Regional Overview:
o North America
o U.S.
o Canada
o Mexico
o Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe
o Asia-Pacific
o India
o Japan
o China
o Southeast Asia
o Rest of Asia-Pacific
o South America
o Brazil
o Rest of South America
o Middle East & Africa
o South Africa
o Morocco
o UAE
o Israel
o Rest of Middle East & Africa

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