
Global Factoring Services Marketto 2027
Description
Global Factoring Services Marketto 2027
Global Factoring Services Market Size, Trends & Growth Opportunity, By Category (Domestic, and International), By Type (Recourse, and Non-Recourse), By Financial Institution, By End Use, By Region and Forecast till 2027
Global Factoring Services Market
The Factoring is defined as a service of a financial nature involving the conversion of credit bills into cash. Specifically, it means that the seller transfers the accounts receivable generated from the goods sales contract with the buyer to the factoring company. Business services are a process by which a company generates finance against its receivables. Factoring service is asset-based financing in which the factor gives credit by looking at the creditworthiness of the borrower.
Market Drivers
The growing open account trades as well as the accelerating expansion of businesses in various regions are the major driving factors which expected to boost the global factoring services market growth over the forecast period. Furthermore, the rise in cross border factoring and the rapid development of factoring services will positively influence the market growth. Also, the rise in need of an alternative source of financing for small & medium enterprises expected to drive the global factoring services market growth during this forecast period. Moreover, continuous developments and implementation of Blockchain technology in the factoring services market. In addition, the rise in demand for factoring services among small and medium size enterprises across the world can be attributed to the shortage of working capital and cash flows will fuel the global factoring services market growth.
Market Restraints
Several factors are likely hampering the demand for factoring in emerging markets including COVID-19 outbreak, affects on many aspects such as travel bans, and quarantines, flight cancellation, and archaic regulations hindering the growth of receivables purchase programs like continued use of stamp duty tax limiting the rights of assignments & foreign currency restrictions.
Market Segmentation
The Global Factoring Services Market is segmented into category such as Domestic, and International, by type such as Recourse, and Non-Recourse, by financial Institution such as Banks, and Non-Banking Financial Institutions. Further, market is segmented into end use such as Healthcare, Manufacturing, Transport & Logistics, Information Technology, Construction, and Others.
Also, the Global Factoring Services Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Barclays Bank PLC, Mizuho Financial Group, Inc., Kuke Finance, ICBC China, HSBC Group, Hitachi Capital, Eurobank, Deutsche Factoring Bank, China Construction Bank Corporation, BNP Paribas, etc.
Market Taxonomy
By Category
Global Factoring Services Market Size, Trends & Growth Opportunity, By Category (Domestic, and International), By Type (Recourse, and Non-Recourse), By Financial Institution, By End Use, By Region and Forecast till 2027
Global Factoring Services Market
The Factoring is defined as a service of a financial nature involving the conversion of credit bills into cash. Specifically, it means that the seller transfers the accounts receivable generated from the goods sales contract with the buyer to the factoring company. Business services are a process by which a company generates finance against its receivables. Factoring service is asset-based financing in which the factor gives credit by looking at the creditworthiness of the borrower.
Market Drivers
The growing open account trades as well as the accelerating expansion of businesses in various regions are the major driving factors which expected to boost the global factoring services market growth over the forecast period. Furthermore, the rise in cross border factoring and the rapid development of factoring services will positively influence the market growth. Also, the rise in need of an alternative source of financing for small & medium enterprises expected to drive the global factoring services market growth during this forecast period. Moreover, continuous developments and implementation of Blockchain technology in the factoring services market. In addition, the rise in demand for factoring services among small and medium size enterprises across the world can be attributed to the shortage of working capital and cash flows will fuel the global factoring services market growth.
Market Restraints
Several factors are likely hampering the demand for factoring in emerging markets including COVID-19 outbreak, affects on many aspects such as travel bans, and quarantines, flight cancellation, and archaic regulations hindering the growth of receivables purchase programs like continued use of stamp duty tax limiting the rights of assignments & foreign currency restrictions.
Market Segmentation
The Global Factoring Services Market is segmented into category such as Domestic, and International, by type such as Recourse, and Non-Recourse, by financial Institution such as Banks, and Non-Banking Financial Institutions. Further, market is segmented into end use such as Healthcare, Manufacturing, Transport & Logistics, Information Technology, Construction, and Others.
Also, the Global Factoring Services Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Barclays Bank PLC, Mizuho Financial Group, Inc., Kuke Finance, ICBC China, HSBC Group, Hitachi Capital, Eurobank, Deutsche Factoring Bank, China Construction Bank Corporation, BNP Paribas, etc.
Market Taxonomy
By Category
- Domestic
- International
- Recourse
- Non-Recourse
- Banks
- Non-Banking Financial Institutions
- Healthcare
- Manufacturing
- Transport & Logistics
- Information Technology
- Construction
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Global Factoring Services Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Table of Contents
172 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Factoring Services Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Factoring Services Market, By Category
- 5.1 Y-o-Y Growth Comparison, By Category
- 5.2 Global Factoring Services Market Share Analysis, By Category
- 5.3 Global Factoring Services Market Size and Forecast, By Category
- 5.3.1 Domestic
- 5.3.2 International
- 6 Global Factoring Services Market, By Type
- 6.1 Y-o-Y Growth Comparison, By Type
- 6.2 Global Factoring Services Market Share Analysis, By Type
- 6.3 Global Factoring Services Market Size and Forecast, By Type
- 6.3.1 Recourse
- 6.3.2 Non-Recourse
- 7 Global Factoring Services Market, By Financial Institution
- 7.1 Y-o-Y Growth Comparison, By Financial Institution
- 7.2 Global Factoring Services Market Share Analysis, By Financial Institution
- 7.3 Global Factoring Services Market Size and Forecast, By Financial Institution
- 7.3.1 Banks
- 7.3.2 Non-Banking Financial Institutions
- 8 Global Factoring Services Market, By End Use
- 8.1 Y-o-Y Growth Comparison, By End Use
- 8.2 Global Factoring Services Market Share Analysis, By End Use
- 8.3 Global Factoring Services Market Size and Forecast, By End Use
- 8.3.1 Healthcare
- 8.3.2 Manufacturing
- 8.3.3 Transport & Logistics
- 8.3.4 Information Technology
- 8.3.5 Construction
- 8.3.6 Others
- 9 Global Factoring Services Market, By Region
- 9.1 Global Factoring Services Market Share Analysis, By Region
- 9.2 Global Factoring Services Market Share Analysis, By Region
- 9.3 Global Factoring Services Market Size and Forecast, By Region
- 10 North America Factoring Services Analysis and Forecast (2020 – 2027)
- 10.1 Introduction
- 10.2 North America Factoring Services Product Market Share Analysis, By Category
- 10.3 North America Factoring Services Product Market Size and Forecast, By Type
- 10.4 North America Factoring Services Product Market Size and Forecast, By Financial Institution
- 10.5 North America Factoring Services Product Market Size and Forecast, By End Use
- 10.6 North America Factoring Services Product Market Size and Forecast, By Country
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 11 Europe Factoring Services Market Analysis and Forecast (2020 – 2027)
- 11.1 Introduction
- 11.2 Europe Factoring Services Product Market Share Analysis, By Category
- 11.3 Europe Factoring Services Product Market Size and Forecast, By Type
- 11.4 Europe Factoring Services Product Market Size and Forecast, By Financial Institution
- 11.5 Europe Factoring Services Product Market Size and Forecast, By End Use
- 11.6 Europe Factoring Services Product Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.2 France
- 11.6.3 UK
- 11.6.4 Rest of Europe
- 12 Asia Pacific Factoring Services Market Analysis and Forecast (2020 – 2027)
- 12.1 Introduction
- 12.2 Asia Pacific Factoring Services Product Market Share Analysis, By Category
- 12.3 Asia Pacific Factoring Services Product Market Size and Forecast, By Type
- 12.4 Asia Pacific Factoring Services Product Market Size and Forecast, By Financial Institution
- 12.5 Asia Pacific Factoring Services Product Market Size and Forecast, By End Use
- 12.6 Asia Pacific Factoring Services Product Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.2 Japan
- 12.6.3 India
- 12.6.4 Rest of Asia Pacific
- 13 Latin America Factoring Services Market Analysis and Forecast (2020 – 2027)
- 13.1 Introduction
- 13.2 Latin America Factoring Services Product Market Share Analysis, By Category
- 13.3 Latin America Factoring Services Product Market Size and Forecast, By Type
- 13.4 Latin America Factoring Services Product Market Size and Forecast, By Financial Institution
- 13.5 Latin America Factoring Services Product Market Size and Forecast, By End Use
- 13.6 Latin America Factoring Services Product Market Size and Forecast, By Country
- 14 Middle East Factoring Services Market Analysis and Forecast (2020 – 2027)
- 14.1 Introduction
- 14.2 Middle East Factoring Services Product Market Share Analysis, By Category
- 14.3 Middle East Factoring Services Product Market Size and Forecast, By Type
- 14.4 Middle East Factoring Services Product Market Size and Forecast, By Financial Institution
- 14.5 Middle East Factoring Services Product Market Size and Forecast, By End Use
- 14.6 Middle East Factoring Services Product Market Size and Forecast, By Country
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 Barclays Bank PLC
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 Mizuho Financial Group
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 Kuke Finance
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 ICBC China
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 HSBC Group
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 Hitachi Capital
- 16.6.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 Eurobank
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 Deutsche Factoring Bank
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 China Construction Bank Corporation
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10 BNP Paribas
- 16.10.1 Overview
- 16.10.2 Offerings
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments
- 16.10.6 Key Strategies
Pricing
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