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PUBLISHER: Grand View Research | PRODUCT CODE: 1511804
PUBLISHER: Grand View Research | PRODUCT CODE: 1511804
Asia Pacific Factoring Services Market Size, Share & Trends Analysis Report By Category (Domestic, International), By Type (Recourse, Non-Recourse), By Financial Institution, By End-use, And Segment Forecasts, 2024 - 2030
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Asia Pacific Factoring Services Market Growth & Trends:
The Asia Pacific factoring services market is expected to reach USD 2,315.45 billion by 2030, registering a CAGR of 11.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for factoring services in SMEs is driving the market growth. Factoring services provide businesses with easy operation, offering immediate access to cash against invoices. With factoring services adopting new technologies, such as artificial intelligence (AI), machine learning (ML), natural language programming (NLP), and blockchain technology, to secure cross-border payments, factoring companies can offer tailored financial solutions to businesses based on their operational needs.
Fintech companies have developed online platforms that allow businesses to submit their invoices for factoring and receive loan decisions quickly. Automation, cloud technology, and real-time transaction systems have sped up the factoring process, reduced operating costs, and improved transparency, leading to faster fund access for firms. In addition, banks prioritize customer experience by redesigning payment journeys and creating omnichannel experiences. With the help of technology and customer-centric approaches, banks are working toward transforming their operations and expanding their customer bases across numerous verticals. For instance, in August 2023, India Exim Bank announced the support for small- and medium-sized businesses (SMEs) in the country. The bank's new branch in GIFT City, under the International Financial Services Centre (IFSC), will provide international factoring services to MSMEs. This initiative aims to improve MSMEs' access to working capital, potentially boosting their participation in global trade.
Asia Pacific Factoring Services Market Report Highlights:
- Based on category, the domestic segment led the market with the largest revenue share of 72.4% in 2023 and is expected to continue the trend over the forecast period. Asia Pacific has emerging SMEs, mainly in the manufacturing and construction sectors, which are entering global trade and are the driving factor for segment growth
- The recourse type segment held the largest revenue share in 2023. Recourse type of factoring allows flexibility in financing options and the ability to access immediate cash flow by converting accounts receivable into working capital
- Based on financial institutions, the banks segment held the largest share in 2023. Banks are financial institutions governed by rules & regulations. They are the first choice for factoring services and can provide larger funds to businesses
- The healthcare end-use segment is expected to grow at the fastest CAGR over the forecast period. The segment has witnessed a growing demand in health insurance facilities in the billing process where the patient bills are paid by a third party. Clinics and healthcare institutions are expected to witness a growing demand for factoring services
- India is expected to grow at the fastest CAGR over the forecast period. India has expanded global trade with many SMEs participating in exports and imports
Product Code: GVR-4-68040-293-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Category
- 1.2.2. Type
- 1.2.3. Financial Institution
- 1.2.4. End-use
- 1.2.5. Country Scope
- 1.2.6. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Information Procurement
- 1.4.2. Information or Data Analysis
- 1.4.3. Market Formulation & Data Visualization
- 1.4.4. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.5.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Category Outlook
- 2.2.2. Type Outlook
- 2.2.3. Financial Institution Outlook
- 2.2.4. End-use Outlook
- 2.3. Competitive Insights
Chapter 3. Asia Pacific Factoring Services Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.3. Factoring Services Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. Asia Pacific Factoring Services Market: Category Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Asia Pacific Factoring Services Market: Category Movement Analysis, USD Billion, 2023 & 2030
- 4.2.1. Domestic
- 4.2.1.1. Domestic market estimates and forecasts 2017 to 2030 (USD Billion)
- 4.2.2. International
- 4.2.2.1. International market estimates and forecasts 2017 to 2030 (USD Billion)
- 4.2.1. Domestic
Chapter 5. Asia Pacific Factoring Services Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Asia Pacific Factoring services Market: Type Movement Analysis, USD Billion, 2023 & 2030
- 5.2.1. Recourse
- 5.2.1.1. Recourse market estimates and forecasts 2017 to 2030 (USD Billion)
- 5.2.2. Non-Recourse
- 5.2.2.1. Non-recourse market estimates and forecasts 2017 to 2030 (USD Billion)
- 5.2.1. Recourse
Chapter 6. Asia Pacific Factoring Market: Financial Institution Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Asia Pacific Factoring Services Market: Financial Institution Movement Analysis, USD Billion, 2023 & 2030
- 6.2.1. Banks
- 6.2.1.1. Banks market estimates and forecasts 2017 to 2030 (USD Billion)
- 6.2.2. Non-Banking Financial Institutions
- 6.2.2.1. Non-banking financial institutions market estimates and forecasts 2017 to 2030 (USD Billion)
- 6.2.1. Banks
Chapter 7. Asia Pacific Factoring Services Market: End-use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Asia Pacific Factoring Services Market: End-use Movement Analysis, USD Billion, 2023 & 2030
- 7.2.1. Manufacturing
- 7.2.1.1. Manufacturing market estimates and forecasts 2017 to 2030 (USD Billion)
- 7.2.2. Transport & Logistics
- 7.2.2.1. Transport & Logistics market estimates and forecasts 2017 to 2030 (USD Billion)
- 7.2.3. Information Technology
- 7.2.3.1. Information Technology market estimates and forecasts 2017 to 2030 (USD Billion)
- 7.2.4. Healthcare
- 7.2.4.1. Healthcare market estimates and forecasts 2017 to 2030 (USD Billion)
- 7.2.5. Construction
- 7.2.5.1. Construction market estimates and forecasts 2017 to 2030 (USD Billion)
- 7.2.6. Others
- 7.2.6.1. Others market estimates and forecasts 2017 to 2030 (USD Billion)
- 7.2.1. Manufacturing
Chapter 8. Asia Pacific Factoring Services Market: Country Estimates & Trend Analysis
- 8.1. Asia Pacific Factoring Services Market Share, By Country, 2023 & 2030, USD Billion
- 8.2. Asia Pacific
- 8.2.1. Asia Pacific Factoring Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.2. China
- 8.2.2.1. China Factoring Services market estimates and forecasts 2017 to 2030 (USD Billion)
- 8.2.3. India
- 8.2.3.1. India Factoring Services market estimates and forecasts 2017 to 2030 (USD Billion)
- 8.2.4. Japan
- 8.2.4.1. Japan Factoring Services market estimates and forecasts 2017 to 2030 (USD Billion)
- 8.2.5. South Korea
- 8.2.5.1. South Korea Factoring Services market estimates and forecasts 2017 to 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.5.1. Expansion
- 9.5.2. Mergers & Acquisition
- 9.5.3. Partnerships & Collaborations
- 9.5.4. New Product Launches
- 9.5.5. Research And Development
- 9.6. Company Profiles
- 9.6.1. altLINE
- 9.6.1.1. Company overview
- 9.6.1.2. Financial performance
- 9.6.1.3. Product benchmarking
- 9.6.1.4. Strategic initiatives
- 9.6.2. Barclays Bank PLC
- 9.6.2.1. Company overview
- 9.6.2.2. Financial performance
- 9.6.2.3. Product benchmarking
- 9.6.2.4. Strategic initiatives
- 9.6.3. DBS Bank Ltd
- 9.6.3.1. Company overview
- 9.6.3.2. Financial performance
- 9.6.3.3. Product benchmarking
- 9.6.3.4. Strategic initiatives
- 9.6.4. China Construction Bank Corporation
- 9.6.4.1. Company overview
- 9.6.4.2. Financial performance
- 9.6.4.3. Product benchmarking
- 9.6.4.4. Strategic initiatives
- 9.6.5. Deutsche Factoring Bank
- 9.6.5.1. Company overview
- 9.6.5.2. Financial performance
- 9.6.5.3. Product benchmarking
- 9.6.5.4. Strategic initiatives
- 9.6.6. SBI Global Factors Limited.
- 9.6.6.1. Company overview
- 9.6.6.2. Financial performance
- 9.6.6.3. Product benchmarking
- 9.6.6.4. Strategic initiatives
- 9.6.7. Exim Finserve
- 9.6.7.1. Company overview
- 9.6.7.2. Financial performance
- 9.6.7.3. Product benchmarking
- 9.6.7.4. Strategic initiatives
- 9.6.8. HSBC Group
- 9.6.8.1. Company overview
- 9.6.8.2. Financial performance
- 9.6.8.3. Product benchmarking
- 9.6.8.4. Strategic initiatives
- 9.6.9. ICBC China
- 9.6.9.1. Company overview
- 9.6.9.2. Financial performance
- 9.6.9.3. Product benchmarking
- 9.6.9.4. Strategic initiatives
- 9.6.10. Mizuho Financial Group, Inc.
- 9.6.10.1. Company overview
- 9.6.10.2. Financial performance
- 9.6.10.3. Product benchmarking
- 9.6.10.4. Strategic initiatives
- 9.6.1. altLINE
Product Code: GVR-4-68040-293-1
List of Tables
- Table 1 List of Abbreviations
- Table 2 Asia Pacific Factoring Services Market, by County, 2017 - 2030 (USD Billion)
- Table 3 Asia Pacific Factoring Services Market, by Category, 2017 - 2030 (USD Billion)
- Table 4 Asia Pacific Factoring Services Market, by Type, 2017 - 2030 (USD Billion)
- Table 5 Asia Pacific Factoring Services Market, by Financial Institution, 2017 - 2030 (USD Billion)
- Table 6 Asia Pacific Factoring Services market, by End-use, 2017 - 2030 (USD Billion)
- Table 7 China Factoring Services Market, by Category, 2017 - 2030 (USD Billion)
- Table 8 China Factoring Services Market, by Type, 2017 - 2030 (USD Billion)
- Table 9 China Factoring Services Market, by Financial Institution, 2017 - 2030 (USD Billion)
- Table 10 China Factoring Services Market, by End-use, 2017 - 2030 (USD Billion)
- Table 11 Japan Factoring Services Market, by Category, 2017 - 2030 (USD Billion)
- Table 12 Japan Factoring Services Market, by Type, 2017 - 2030 (USD Billion)
- Table 13 Japan Factoring Services Market, by Financial Institution, 2017 - 2030 (USD Billion)
- Table 14 Japan Factoring Services market, by End-use, 2017 - 2030 (USD Billion)
- Table 15 India Factoring Services market, by Category, 2017 - 2030 (USD Billion)
- Table 16 India Factoring Services market, by Type, 2017 - 2030 (USD Billion)
- Table 17 India Factoring Services market, by Financial Institution, 2017 - 2030 (USD Billion)
- Table 18 India Factoring Services market, by End-use, 2017 - 2030 (USD Billion)
- Table 19 South Korea Factoring Services market, by Category, 2017 - 2030 (USD Billion)
- Table 20 South Korea Factoring Services market, by Type, 2017 - 2030 (USD Billion)
- Table 21 South Korea Factoring Services market, by Financial Institution, 2017 - 2030 (USD Billion)
- Table 22 South Korea Factoring Services market, by End-use, 2017 - 2030 (USD Billion)
List of Figures
- Fig. 1 Market Research Process
- Fig. 2 Asia Pacific Factoring Services Market Segmentation
- Fig. 3 Asia Pacific Factoring Services Market Technology Landscape
- Fig. 4 Information Procurement
- Fig. 5 Data Analysis Models
- Fig. 6 Market Formulation and Validation
- Fig. 7 Data validating & Publishing
- Fig. 8 Market Snapshot
- Fig. 9 Segment Snapshot (1/2)
- Fig. 10 Segment Snapshot (2/2)
- Fig. 11 Competitive Landscape Snapshot
- Fig. 12 Asia Pacific Factoring Services Market: Industry Value Chain Analysis
- Fig. 13 Asia Pacific Factoring Services Market: Market Dynamics
- Fig. 14 Asia Pacific Factoring Services Market: PORTER's Analysis
- Fig. 15 Asia Pacific Factoring Services Market: PESTEL Analysis
- Fig. 16 Asia Pacific Factoring Services Market: Category Movement Analysis
- Fig. 17 Asia Pacific Factoring Services Market: Category Outlook and Key Takeaways
- Fig. 18 Domestic Market Estimates and Forecast, 2017 - 2030
- Fig. 19 International Market Estimates and Forecast, 2017 - 2030
- Fig. 20 Asia Pacific Factoring Services Market: Type Movement Analysis
- Fig. 21 Asia Pacific Factoring Services Market: Type Outlook and Key Takeaways
- Fig. 22 Recourse Market Estimates and Forecasts, 2017 - 2030
- Fig. 23 Non-Recourse Market Estimates and Forecasts, 2017 - 2030
- Fig. 24 Asia Pacific Factoring Services Market: Financial Institution Movement Analysis
- Fig. 25 Asia Pacific Factoring Services Market: Financial Institution outlook and Key Takeaways
- Fig. 26 Banks Market Estimates and Forecasts, 2017 - 2030
- Fig. 27 Non-Banking Financial Institution Market Estimates and Forecasts, 2017 - 2030
- Fig. 28 Asia Pacific Factoring Services Market: End-use Movement Analysis
- Fig. 29 Asia Pacific Factoring Services Market: End-use Outlook and Key Takeaways
- Fig. 30 Manufacturing Market Estimates and Forecasts, 2017 - 2030
- Fig. 31 Transport & Logistics Market Estimates and Forecasts, 2017 - 2030
- Fig. 32 Information Technology Market Estimates and Forecasts, 2017 - 2030
- Fig. 33 Healthcare Market Estimates and Forecasts, 2017 - 2030
- Fig. 34 Construction Market Estimates and Forecasts, 2017 - 2030
- Fig. 35 Others Market Estimates and Forecasts, 2017 - 2030
- Fig. 36 Asia Pacific Factoring Services Market Estimates and Forecasts, 2017 - 2030
- Fig. 37 China Factoring Services Market Estimates and Forecasts, 2017 - 2030
- Fig. 38 Japan Factoring Services Market Estimates and Forecasts, 2017 - 2030
- Fig. 39 India Factoring Services Market Estimates and Forecasts, 2017 - 2030
- Fig. 40 South Korea Factoring Services Market Estimates and Forecasts, 2017 - 2030
- Fig. 41 Key Company Categorization
- Fig. 42 Company Market Positioning
- Fig. 43 Strategic Framework
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