China Factoring Services Market Size & Outlook, 2024-2030
China factoring services market, 2018-2030 (US$M)
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China factoring services market highlights
- The China factoring services market generated a revenue of USD 476.1 million in 2023 and is expected to reach USD 1,076.7 million by 2030.
- The China market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, domestic was the largest revenue generating category in 2023.
- International is the most lucrative category segment registering the fastest growth during the forecast period.
Factoring services market data book summary
| Market revenue in 2023 | USD 476.1 million |
| Market revenue in 2030 | USD 1,076.7 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Domestic |
| Fastest growing segment | International |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Domestic, International |
| Key market players worldwide | Barclays PLC, BNP Paribas Act. Cat.A, China Construction Bank Corp Class H, Deutsche Bank AG, Eurobank Ergasias Services And Holdings SA, Hitachi Ltd, HSBC Holdings PLC ADR, Industrial And Commercial Bank Of China Ltd Class H, Kuke Music Holding Ltd ADR, Mizuho Financial Group Inc, Societe Generale SA, Transcontinental Realty Investors Inc |
Other key industry trends
- In terms of revenue, China accounted for 11.4% of the global factoring services market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China factoring services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 115.2 million by 2030.
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Factoring Services Market Scope
Factoring Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China factoring services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to factoring services market will help companies and investors design strategic landscapes.
Domestic was the largest segment with a revenue share of 72% in 2024. Horizon Databook has segmented the China factoring services market based on domestic, international covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for alternative financing of SMEs, e-commerce growth, and the rise of fintech firms are driving the growth for factoring services in the country. China is one of the major hubs for global trade, with companies from various sectors exporting and importing goods.
Factoring companies help businesses secure cross-border transactions. Fintech companies, such as Ant Group, offer platforms to cater to the financial needs of SMEs in the country. The company offers digital finance platforms, such as MYbank and Ant Fortune, to manage wealth and meet instant capital requirements for SMEs.
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Target buyers of China factoring services market databook
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Our clientele includes a mix of factoring services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China factoring services market , including forecasts for subscribers. This country databook contains high-level insights into China factoring services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China factoring services market size, by category, 2018-2030 (US$M)
China Factoring Services Market Outlook Share, 2024 & 2030 (US$M)
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