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.
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.
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.
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.
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.
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
9Global 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 – 2030)
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
11Europe Factoring Services Market Analysis and Forecast (2020 – 2030)
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
11.64. Rest of Europe
12Asia Pacific Factoring Services Market Analysis and Forecast (2020 – 2030)
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
13Latin America Factoring Services Market Analysis and Forecast (2020 – 2030)
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
14Middle East Factoring Services Market Analysis and Forecast (2020 – 2030)
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
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16Company 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
