Factoring Services Market Analysis and Forecast to 2031: By Category (Domestic Factoring, International Factoring), Type (Recourse, Non-recourse), Distribution Channel (Banks, NBFCs, Others), and Region

Factoring services is a type of financing that allows businesses to sell their invoices at a discount in order to receive immediate cash. This can be a helpful way for businesses to improve their cash flow and access working capital. When businesses factor their invoices, they typically work with a factoring company that will purchase the invoices and then collects payment from the customers. The businesses will typically receive a portion of the invoice value upfront, and then the rest after the customer pays the invoice. Factoring can be a useful tool for businesses, but it is important to understand the fees and costs associated with this type of financing.

Key Trends

There are several key trends in factoring services technology:

The first is the increasing use of artificial intelligence (AI) and machine learning to automate the underwriting process. This is making it possible for lenders to approve more loans with fewer resources, and to do so faster and more efficiently.

The second trend is the increasing use of mobile technologies. This includes the use of smartphones and tablets to apply for and manage loans. This is making it easier for borrowers to access the financing they need, and when and where they need it.

The third trend is the increasing use of alternative data sources to help assess creditworthiness. This includes the use of social media data, utility bills, and other data sources that can provide insights into a borrower’s ability to repay a loan.

The fourth trend is the increasing use of blockchain technology to streamline the loan origination and servicing process. This is making it possible for lenders to provide a more efficient and secure experience for borrowers.

Key Drivers

The key drivers of the Factoring Services market are the need for working capital, the flexibility of funding, and the ability to improve cash flow.

Working capital is the money that a business needs to cover its short-term expenses, such as inventory, payroll, and accounts payable. Many businesses struggle to generate enough cash flow to cover their working capital needs, and this is where factoring can be helpful. Factoring provides businesses with the funds they need to cover their short-term expenses, and it can be a more flexible and affordable option than traditional bank loans.

Flexibility is another key driver of the Factoring Services market. With factoring, businesses can choose how much funding they need and when they need it. This flexibility can be helpful for businesses that have irregular or seasonal cash flow needs.

Finally, the ability to improve cash flow is another key driver of the Factoring Services market. When businesses factor their invoices, they can get paid more quickly, which can help them free up cash flow to invest in other areas of their business.

Restraints & Challenges

There are a few key restraints and challenges in the Factoring Services market. Firstly, the service is not widely available, which makes it difficult for businesses to find a provider. Secondly, the service can be expensive, which can limit its appeal to businesses on a tight budget. Finally, the service can be complex, which can make it difficult for businesses to understand how it works and how to best use it.

Market Segmentation

The global factoring services market is segmented on the basis of category, type, distribution channel, region, and region. Based on category, the market is divided into Domestic Factoring and International Factoring. In terms of type, the market is categorized into recourse and non-recourse. On the basis of distribution channel, the market is divided into banks, NBFCs and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the in the factoring services market are Barclays Bank PLC, BNP Paribas, China Construction Bank Corporation, Deutsche Factoring Bank, Eurobank, Hitachi Capital  PLC, HSBC Group, ICBC China, Kuke Finance and Mizuho Financial Group, Inc.

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Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Factoring Services Market Outlook
3.1. Factoring Services Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Factoring Services Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Factoring Services Market
4.3. Economic Impact Analysis

Chapter 5. Factoring Services Market by Category
5.1. Market Overview
5.2. Domestic Factoring
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. International Factoring
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Factoring Services Market by Type
6.1. Market Overview
6.2. Recourse
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Non-recourse
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Factoring Services Market By Distribution Channel
7.1. Market Overview
7.2. Banks
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. NBFCs
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Others
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. Factoring Services Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.2.3. North America Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.4. North America Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.2.5. North America Factoring Services Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.2.6.2. The U.S. Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.6.3. The U.S. Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.2.7.2. Canada Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.7.3. Canada Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.2.8.2. Mexico Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.8.3. Mexico Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.3.3. Europe Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.4. Europe Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.3.5. Europe Factoring Services Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.3.6.2. Germany Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.6.3. Germany Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.3.7.2. France Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.7.3. France Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.3.8.2. U.K. Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.8.3. U.K. Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.3.9.2. Spain Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.9.3. Spain Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.3.10.2. Italy Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.10.3. Italy Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Factoring Services Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.4. Asia-Pacific Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.4.5. Asia-Pacific Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.4.6.2. China Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.6.3. China Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.4.7.2. India Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.7.3. India Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.4.8.2. Japan Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.8.3. Japan Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.4.9.2. South Korea Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.9.3. South Korea Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.5.3. Rest of the World Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.4. Rest of the World Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.5.5. Rest of the World Factoring Services Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.5.6.2. Latin America Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.6.3. Latin America Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.5.7.2. Middle East Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.7.3. Middle East Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Factoring Services Market Size and Forecast by Category, 2021-2031, ($Million)
8.5.8.2. Africa Factoring Services Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.8.3. Africa Factoring Services Market Size and Forecast By Distribution Channel, 2021-2031, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. Barclays Bank PLC
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. BNP Paribas
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Mizuho Financial Group, Inc.
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. China Construction Bank Corporation
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Deutsche Factoring Bank
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Eurobank
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Hitachi Capital PLC
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. HSBC Group
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. ICBC China
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Kuke Finance
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report
Key Players
  • Barclays Bank PLC
  • BNP Paribas
  • China Construction Bank Corporation
  • Deutsche Factoring Bank
  • Eurobank
  • Hitachi Capital PLC
  • HSBC Group
  • ICBC China
  • Kuke Finance
  • Mizuho Financial Group, Inc.
Market segmentation

By Category

  • Domestic Factoring
  • International Factoring

By Type

  • Recourse
  • Non-recourse

By Distribution Channel

  • Banks
  • NBFCs
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

 

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