The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The factoring market has demonstrated robust growth, increasing from <$3,590.13 billion in 2023 to <$3,876.8 billion in 2024, with a compound annual growth rate (CAGR) of 8.0%. This growth is attributed to strong economic expansion in emerging markets, increased trading activities, a rise in the number of small and medium-sized enterprises, and the need for working capital. Looking ahead, the market is expected to witness strong growth, reaching <$5,238.82 billion in 2028 at a CAGR of 7.8%. Factors driving this growth include globalization and cross-border payments, rising government support, and a growing transportation sector. Major trends include cloud-based factoring platforms, incorporation of environmental, social, and governance (ESG) criteria, and strategic partnerships and collaborations.

The factoring market is poised for growth, driven by increased cross-border trade activities. Cross-border trade, which includes billing, collection, and customer support for the import, export, or transit of goods and services, relies heavily on factoring to provide immediate cash flow. This financial support allows companies engaged in international trade to maintain and expand their operations by selling receivables. According to the United Nations Conference on Trade and Development (UNCTD), global trade reached a record $28.5 trillion in 2021, marking a 25% increase from 2020. This significant rise in cross-border trade is a major factor fueling the factoring market’s expansion, with growth anticipated in 2023, 2024, and 2028.

Get A Free Sample On The Factoring Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=9142&type=smp

What Are The Key Trends That Influence Factoring Market Share Analysis?

Product innovation has become a significant trend in the factoring market. Major players are focusing on new solutions to maintain their competitive edge. For instance, in December 2022, Kyriba, a US-based financial and IT solutions provider, introduced Kyriba Receivables Finance, an advanced factoring solution that simplifies invoice factoring and provides an intuitive platform for payment management. This solution offers enhanced cash flow visibility, automated payment processing, a secure real-time dashboard for invoice and payment tracking, and access to various financing and credit options for rapid capital access.

Which Market Players Are Driving Growth In The Factoring Market?

Major companies operating in the market are Louisiana Pacific Corporation, Compagnie de Saint-Gobain S.A, Rockwool International, Nichiha Corporation, YKK Corporation, Kingspan Group, Enclos Corp, Etex Group, Lindner Group, Aluplex, James Hardie Industries PLC, Knauf, Universal Cement Corporation (UCC), USG Corporation, Permasteelisa Group, Jiangsu Paneltek Ceramic Co. Ltd, Qingdao REXI Industries Co. Ltd, Archiclad UK Limited, Alucraft Systems Limited, HAGA Metallbau GmbH, Glasscon GmbH, Technologica Engineering, FEdco Ltd, Spiral, PORR Group, Lerch Bates Inc, AXIS Facades, Georgia-Pacific, Dryvit Systems Inc, Roofway, TSyA SA, PfZ Arquitectos, BRUNZINI Arquitectura, Juntos Somos Mais Fidelizacao SA, Ambar Tech Participacoes SA, Hilti, Fluor Chile Ingenieria y Construction SA, Bouygues SA, JML LLC, Meinhardt Group, PERMASTEELISA SPA, Ramboll Group A/S, Seele verwaltungs GmbH, Nivafer Steel Construction Co. Ltd, Metal Berg Manufacturing Ltd, Saba Steel Industrial Nigeria Ltd, Valostar Steel Construction, Cadcon Steel Construction & Engineering, Karmod Prefabricated Building Technologies, Kwikspace Modular Buildings Ltd, Cube Modular, Fabricated Steel Manufacturing, Concretex

How Is The Global Factoring Market Segmented?

The factoring market covered in this report is segmented –

1) By Type: Recourse, Non-Recourse
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By Category: International, Domestic
4) By Application: Transportation, Healthcare, Construction, Manufacturing, Other Applications

Read The Full Factoring Market Report Here

https://www.thebusinessresearchcompany.com/report/factoring-global-market-report

The Factoring Global Market Report 2024 provides an overview of the factoringmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The factoring market forecast analyzes factoring market size, factoring market share, leading competitor and their market positions.

The Table Of Content For The Factoring Market Include

1. Factoring Market Executive Summary
2. Factoring Market Segments
3. Factoring Market Size And Template Market Growth Rate
4.  Key Factoring Market Trends
5. Major Factoring Market Drivers
……
25. Key Mergers And Acquisitions In The Factoring Market
26. Top Factoring Companies
27. Factoring Market Opportunities And Strategies
28. Factoring Market, Conclusions And Recommendations
29. Appendix

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: