Factoring services market is anticipated to grow at a CAGR of 9.0% during the forecast period (2024-2031). Factoring is acquiring accounts receivable or invoices from a company at a reduced price to address the company’s short-term liquidity requirements while also profiting the buyer. Furthermore, it includes debt factoring, invoice finance, asset-based lending, and accounts receivable funding. It is a common method for businesses to support cash flow by selling reduced invoices to third parties. Furthermore, these services are offered by banks or independent financial service providers.
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As international trade grows, corporations transact with companies situated in other nations. Currency fluctuations, political and economic volatility, and foreign legal and regulatory systems all contribute to increased complexity. Factoring companies offer a range of trade finance options designed to meet the unique needs of global trade. These possibilities include import factoring, which gives importers the money to pay for goods ahead of time, enabling them to bargain for better terms with foreign suppliers, and export factoring, which assists exporters in receiving prompt payment for their goods upon shipment.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Factoring Services Market by Type
- Recourse
- Non-Recourse
Global Factoring Services Market by Category
- Domestic
- International
Global Factoring Services Market by Provider
- Banks
- Non-Banking Financial Institutions (NBFC)
Global Factoring Services Market by End-User
- Manufacturing
- Transport & Logistics
- Information Technology
- Healthcare
- Construction
- Others (Staffing Agencies, Energy and Utilities, and Media and Entertainment)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles.
- Aldermore Bank PLC
- Agricultural Bank of China
- altLINE (The Southern Bank Company)
- Barclays
- Bank of China
- CIT Bank
- Eurobank
- Factor Funding Co.
- FINAMCO SAS
- HSBC Group
- Industrial and Commercial Bank of China Limited
- KUKE Finance SA
- Mizuho Financial Group, Inc.
- Riviera Finance services
- RTS Financial Service, Inc.
- Societe Generale
- Scale Funding
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global factoring services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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