Factoring Market Size, Share, Forecast, Report 2024-2032

The latest report by IMARC Group, titled “Factoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global factoring market size reached US$ 3,857.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6,365.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.



Factoring is a financial solution that has gained prominence in the business world for its ability to provide working capital relief and enhance cash flow efficiency. It involves a business selling its accounts receivable, typically invoices, to a third-party financial institution known as a factor. In return, the factor advances a significant portion of the invoice's value to the business, usually within 24 to 48 hours. It then assumes responsibility for collecting payment from the business's customers. This financial transaction offers companies immediate access to funds, enabling them to address pressing operational needs, such as inventory replenishment, payroll, and expansion initiatives, without the burden of waiting for customer payments. 

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/factoring-market/requestsample

Factoring Market Trends and Drivers:

The global factoring market has experienced remarkable growth, driven largely by the surge in small and medium-sized enterprises (SMEs) seeking flexible financing options. SMEs are increasingly turning to factoring as a practical means to bridge cash flow gaps, as traditional bank lending often comes with stringent criteria and delays. Factoring provides these businesses with quick access to liquidity, empowering them to meet day-to-day expenses and seize growth opportunities. Besides, factoring has emerged as a vital tool in facilitating international trade transactions. With globalization shaping modern business practices, cross-border trade is on the rise. In this context, factoring plays a pivotal role in mitigating risks associated with foreign buyers and complex trade agreements. As exporters and importers seek secure and efficient payment solutions, factoring offers them a means to ensure prompt payment while minimizing exposure to currency fluctuations and trade-related uncertainties. 

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • International
  • Domestic

Breakup by Organization Size:

  • Small and Medium Enterprises
  • Large Enterprises

Breakup by Application:

  • Transportation
  • Healthcare
  • Construction
  • Manufacturing
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • CreditGate24 (Schweiz) AG
  • Aldermore Bank PLC (FirstRand Group)
  • Bluevine Capital Inc.
  • BNP Paribas S.A.
  • Deutsche Leasing AG (Deutsche Sparkassen Leasing AG & Co. KG)
  • Eurobank Ergasias SA
  • HSBC Holdings Plc
  • Mizuho Financial Group Inc.
  • Société Générale S.A.
  • The Southern Bank Company Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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