Global Buy Now Pay Later Market To See Massive Growth By 2019-2028

The Global Global Buy Now Pay Later Market Report provides a comprehensive research study, including accurate estimates of market growth rate for the period 2028. The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include Types, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies adopted by various players in order to sustain competition in this highly competitive environment.

This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market and evaluates the possible outcome of the market during the forecast period,2028.

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Market Segmentation:

Country reports in this bundled offering provide in-depth analysis of Buy Now Pay Later industry. Below is a summary of key market segments:

BNPL Market Size and Spending Pattern
 Gross Merchandise Value Trend Analysis
 Average Value Per Transaction Trend Analysis
 Transaction Volume Trend Analysis

Buy Now Pay Later Market Share Analysis by Key Players
Buy Now Pay Later Spend Analysis by Channel: Market Size and Forecast
 Online Channel
 POS Channel

Buy Now Pay Later in Retail Shopping: Market Size and Forecast
 Gross Merchandise Value Trend Analysis
 Average Value Per Transaction Trend Analysis
 Transaction Volume Trend Analysis

Buy Now Pay Later in Home Improvement: Market Size and Forecast
 Gross Merchandise Value Trend Analysis
 Average Value  Gross Merchandise Value Trend Analysis
 Average Value Per Transaction Trend Analysis
 Transaction Volume Trend Analysis

Buy Now Pay Later Analysis by Consumer Attitude and Behaviour
 Buy Now Pay Later Sales Uplift by Product Category
 Buy Now Pay Later Spend Share by Age Group
 Buy Now Pay Later Gross Merchandise Share by Income
 Buy Now Pay Later Gross Merchandise Value Share by Gender
 uy Now Pay Later Adoption Rationale Gross Merchandise Value Analysis

 Globally, adoption of the BNPL payment method is rising and is expected to continue to its upward trajectory in 2021 and beyond. This growing adoption among both consumers and merchants has resulted in the new BNPL product launches by traditional banking institutions globally. From Scotiabank in Canada to Barclays in Germany, legacy payment providers are coming up with their own installment payment solutions.

BNPL is becoming increasingly popular among consumers globally owing to rise in consumer preference for deferred payment for online purchases. Consumers prefer BNPL due to affordability and convenience it offers. In APAC for instance, the increase in uptake of BNPL service has been fueled by Gen Z and millennial shoppers. Some companies which have embraced BNPL service include Grab, ride hailing firm; Traveloka, a travel platform; Tokopedia, an ecommerce marketplace; and Alibaba and JD.com, e-commerce giants. The BNPL trend has also taken off in Australia where players including Afterpay, Zip Pay, and Splitit have taken share from traditional credit card companies owing to fast approvals.

In Europe, BNPL is more popular in the UK as compared to other nations including Italy or Germany. Shoppers in the UK observe retail finance as a convenient way to split the cost of expensive purchases. However, in Germany, open invoice or pay after delivery is a popular payment method. In Germany, RatePay provides checkout lending solutions and open instalments for e-commerce. Other key players in the Western European market include Divido, Mash, CreditClick, and AfterPay.

In Canada, consumers are moving away from credit card fees in favor of debit or cash, owing to which retailers are offering BNPL service . For instance, PayBrights BNPL service is being offered to Canadians via 6,000 other Canadian and international retailers. BNPL service is being used for purchase of furniture, electronics, fashion and apparel, sports equipment, and others. Further in August 2020, AfterPay extended its BNPL service in Canada. AfterPay enables shoppers to buy products and pay for it in four instalments over a short period of time. The service is offered to Canadian consumers for free assisting customers to spend without incurring interest, fees or revolving and extended debt.

Report Methodology:

The information enclosed in this report is based upon both primary and secondary research methodologies.
The Primary research methodology includes the interaction with service providers, suppliers, and industry professionals. The Secondary research methodology includes a meticulous search of pertinent publications like company annual reports, financial reports, and exclusive databases.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics, and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The global Global Buy Now Pay Later market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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