The global demand for Factoring Services Market is presumed to reach the market size of nearly USD 8883.07 BN by 2030 from USD 3495.22 BN in 2022 with a CAGR of 10.92% under the study period 2023 - 2030.
Factoring Services are a type of financial agreement whereby a company sells its pending bills or invoices at a discounted price to another party to meet cash flow requirements. Pending invoices are common in business; sometimes, companies cannot meet the cash requirements needed to perform day-to-day activities. This method can be termed a short-term business loan that helps medium and small-scale organizations to meet their working capital requirements. Companies utilize this to give salaries to employees and various other works that require cash flow. Factoring services help companies to reduce their overhead expenses and provide protection against bad debts. It covers almost 90 percent of the value of the invoices presented. Factoring services provide financial stability to the companies by safeguarding against payment defaults and debt collection and are viewed as an ideal way of financing.
The factoring services market shows a favorable growth rate during the forecast period. The popularity of the concept of open account financing, whereby the commodities are shipped and delivered before the due date of payment, and the growing utilization of factoring as an alternative source of financing by SMEs to meet their immediate cash requirements are the prime drivers of growth of the market. Now factoring services integrate modern technology into their services and will show remarkable growth during the targeted period. The introduction of upfront cash by factoring companies to help businesses to meet the working capital requirements and to minimize the credit risks makes them a preferable option in the market. Moreover, factoring companies integrate into their client companies accounting services, so removes a lot of hassle in managing them, thus enabling employees to focus on other important affairs of the business. The processing time of factoring services is faster than a conventional bank loan. So, all these facts will likely increase the demand for these services.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of factoring services. The growth and trends of factoring services industry provide a holistic approach to this study.
This section of the factoring services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Category
By Type
By Financial Institution
By End-Use
This section covers the regional outlook, which accentuates current and future demand for the Factoring Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the factoring services market include China Construction Bank Corporation, Deutsche Factoring Bank, Barclays Bank PLC, BNP Paribas, Hitachi Capital (UK) PLC, Eurobank, HSBC Group, ICBC China, Kuke Finance, Mizuho Financial Group Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . FACTORING SERVICES – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Category
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By Financial Institution
3.7.4 Market Attractiveness Analysis By End-use
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
6 . GLOBAL FACTORING SERVICES MARKET ANALYSIS BY CATEGORY
6.1 Overview by Category
6.2 Historical and Forecast Data
6.3 Analysis by Category
6.4 Domestic Historic and Forecast Sales by Regions
6.5 International Historic and Forecast Sales by Regions
7 . GLOBAL FACTORING SERVICES MARKET ANALYSIS BY TYPE
7.1 Overview by Type
7.2 Historical and Forecast Data
7.3 Analysis by Type
7.4 Recourse Historic and Forecast Sales by Regions
7.5 Non-Recourse Historic and Forecast Sales by Regions
8 . GLOBAL FACTORING SERVICES MARKET ANALYSIS BY FINANC ...