Summary

Persistence Market Research has recently published an in-depth report on the US factoring services market. This report offers a comprehensive analysis of critical market dynamics, including drivers, trends, opportunities, and challenges, and provides detailed insights into the market structure.

Key Insights:

• US Factoring Services Market Size (2024E): US$325.1 Bn
• Projected Market Value (2031F): US$598.1 Bn
• Global Market Growth Rate (CAGR 2024 to 2031):9.1%

Factoring Services Market - Report Scope:

Factoring services involve the sale of accounts receivable to a third-party, known as a factor, which provides immediate cash flow to businesses in exchange for a fee. These services are essential for companies seeking to enhance liquidity, manage cash flow, and reduce credit risk. The market serves various industries, including manufacturing, retail, and services, offering both recourse and non-recourse factoring solutions. Growth in this market is fueled by the increasing need for working capital, better cash flow management, and advancements in digital factoring technologies.

Market Growth Drivers:

Several factors drive the US factoring services market, including the growing demand for alternative financing among small and medium-sized enterprises (SMEs). Rising business activities and transaction volumes increase the need for factoring services as companies strive for improved liquidity and operational efficiency. The adoption of digital technologies, such as online and automated factoring platforms, boosts service accessibility and efficiency. Supportive regulatory environments and government policies also contribute to market growth by fostering a favorable business climate for factoring service providers.

Market Restraints:

Despite its promising growth potential, the factoring services market encounters challenges such as intense market competition, regulatory compliance, and client risk management. Competition among factoring companies can lead to pricing pressures and diminished profit margins. Additionally, stringent regulations related to financial transactions and credit assessments present obstacles for market participants. The risk of client defaults and the necessity for thorough credit evaluations add complexity to market dynamics, affecting overall profitability and sustainability.

Market Opportunities:

The US factoring services market offers substantial growth opportunities driven by technological advancements, evolving business needs, and market expansion. The incorporation of advanced technologies like artificial intelligence and blockchain can streamline factoring processes, improve risk assessment accuracy, and enhance operational efficiency. The rise in global trade and cross-border transactions opens avenues for factoring service providers to broaden their services and cater to international clients. Strategic partnerships, technology investments, and the development of tailored factoring solutions are crucial to capitalizing on emerging opportunities and sustaining a competitive edge.

Key Questions Answered in the Report:

• What are the main factors propelling the growth of the US factoring services market?
• How are technological advancements influencing the factoring services industry?
• What challenges do factoring service providers face, and how can they be addressed?
• Who are the leading players in the US factoring services market, and what strategies are they using to stay relevant?
• What are the emerging trends and future prospects in the US factoring services market?

Competitive Intelligence and Business Strategy:

Major players in the US factoring services market, including CIT Group Inc., BNP Paribas, and Deutsche Factoring Bank, focus on innovation, market expansion, and strategic partnerships to secure a competitive advantage. These companies invest in advanced factoring technologies such as digital platforms and automated solutions to enhance service delivery and customer experience. Collaborations with financial institutions, trade associations, and technology providers facilitate market access and promote industry best practices. Emphasizing customer-centric solutions, flexible factoring options, and strong risk management strategies drives growth and maintains market leadership.

Key Companies Profiled:

• CIT Group Inc.
• BNP Paribas
• Deutsche Factoring Bank
• Hitachi Capital Corporation
• Fundbox Inc.
• BlueVine
• Triumph Business Capital
• World Trade Finance
• Paragon Financial
• TGI Office Automation

US Factoring Services Market Segmentation

By Factoring Type
• Domestic
• International

By Provider Type
• Banks
• NBFCs

By Enterprise Size
• Small & Medium Enterprises
• Large Enterprises

By End User
• Construction
• Manufacturing
• Healthcare
• Logistics

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Table of Contents

1. Executive Summary
1.1. US Factoring Services Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations
2. Market Overview
2.1. Market Scope and Definition
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunity
2.2.4. Challenges
2.2.5. Key Trends
2.3. Macro-Economic Factors
2.3.1. U.S. Sectorial Outlook
2.3.2. U.S. GDP Growth Outlook
2.3.3. U.S. Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
3. Value Added Insights
3.1. Product Adoption Analysis
3.2. Technology Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter’s Five Force Analysis
4. Price Trend Analysis, 2019-2024
4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Pricing Analysis, By Product
4.4. Regional Prices and Product Preferences
5. US Factoring Services Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
5.1. Key Highlights
5.1.1. Market Volume (Units) Projections
5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
5.3. US Factoring Services Market Outlook: Factoring Type
5.3.1. Introduction / Key Findings
5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Factoring Type, 2019-2023
5.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Factoring Type, 2024-2031
5.3.3.1. Domestic
5.3.3.2. International
5.4. Market Attractiveness Analysis: Factoring Type
5.5. US Factoring Services Market Outlook: Provider Type
5.5.1. Introduction / Key Findings
5.5.2. Historical Market Size (US$ Bn) Analysis, By Provider Type, 2019-2023
5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Provider Type, 2024-2031
5.5.3.1. Banks
5.5.3.2. NBFCs
5.6. Market Attractiveness Analysis: Provider Type
5.7. US Factoring Services Market Outlook: Enterprise Size
5.7.1. Introduction / Key Findings
5.7.2. Historical Market Size (US$ Bn) Analysis, By Enterprise Size, 2019-2023
5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Enterprise Size, 2024-2031
5.7.3.1. Small & Medium Enterprises
5.7.3.2. Large Enterprises
5.8. Market Attractiveness Analysis: Enterprise Size
5.9. US Factoring Services Market Outlook: End user
5.9.1. Introduction / Key Findings
5.9.2. Historical Market Size (US$ Bn) Analysis, By End user, 2019-2023
5.9.3. Current Market Size (US$ Bn) Analysis and Forecast, By End user, 2024-2031
5.9.3.1. Construction
5.9.3.2. Manufacturing
5.9.3.3. Healthcare
5.9.3.4. Logistics
5.10. Market Attractiveness Analysis: End user
6. Competition Landscape
6.1. Market Share Analysis, 2023
6.2. Market Structure
6.2.1. Competition Intensity Mapping By Market
6.2.2. Competition Dashboard
6.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
6.3.1. Wells Fargo Capital Finance
6.3.1.1. Overview
6.3.1.2. Segments and Factoring Types
6.3.1.3. Key Financials
6.3.1.4. Market Developments
6.3.1.5. Market Strategy
6.3.2. CIT Group Inc.
6.3.3. JPMorgan Chase Bank
6.3.4. PNC Financial Services
6.3.5. Bank of America Merrill Lynch
6.3.6. Sterling National Bank
6.3.7. Regions Bank
6.3.8. Hitachi Capital America Corp.
6.3.9. U.S. Bank
6.3.10. The Interface Financial Group (IFG)
6.3.11. Riviera Finance
6.3.12. Crestmark, a division of MetaBank
7. Appendix
7.1. Research Methodology
7.2. Research Assumptions
7.3. Acronyms and Abbreviations