Press release
Factoring Market: Exceptional Growth Forecast, Major Trends and Key Drivers
Factoring Market Share
What Is The Projected Market Size Of The Global Factoring Market And Its Growth Rate?
• The factoring market will grow from $5279.73 billion in 2024 to $5733.39 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%.
• The growth is attributed to the increase in trading activities, growth of SMEs and rising need for working capital.
• The market size is expected to reach $7935.05 billion in 2029 at a CAGR of 8.5%.
• Factors such as rise in digitalization, cross-border payments, government support, and transportation sector growth will drive this expansion in the forecast period.
What Is Driving The Growth In The Factoring Market?
The main driver of the factoring market is the rising cross-border trade activities. As businesses engage in import, export, or transit under the conditions of specific licenses, they require immediate cash flow to support their operations. Factoring provides firms with funds through the selling of their receivables, enabling them to optimize their borrowing capacity and tap into the resources necessary for sustained competition. According to InterTradeIreland, cross-border trade between Northern Ireland and Ireland was estimated at £10 billion (€12 billion), a 15% increase from the previous year in 2022, confirming that rising cross-border trade activities are driving the growth of the factoring market.
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Who Are the Key Players Driving Factoring Market Growth?
• Société Générale S.A.
• BNP Paribas
• China Construction Bank Corporation
• Deutsche Bank AG
• HSBC Group
• Barclays Bank PLC
• Jp Morgan Chase
• Mizuho Financial Group, Inc.
• Wells Fargo & Company
• Eurobank
• Other players including Sheng Ye Capital, Velotrade, India Factoring and Finance Solutions Pvt. Ltd., and more
What Are The Key Trends In The Factoring Market?
• Incorporation of cloud-based factoring platforms
• Incorporation of environmental, social, and governance (ESG)
• Strategic partnerships and collaborations
What Are The Segments Of The Global Factoring Market?
1) By Type: Recourse, Non-Recourse
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By Category: International, Domestic
4) By Application: Transportation, Healthcare, Construction, Manufacturing, Other Applications
Which Region Leads The Factoring Market?
Asia-Pacific was the largest region in the factoring market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The report covers the factoring market in Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Factoring Market Global Market Report?
• Market Size Analysis: Analyze the Factoring Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Factoring Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the market.
• Market Contribution: Evaluate contributions of different segments to the overall Factoring Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Factoring Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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