Spain Factoring Services Market Size & Outlook, 2024-2030
Spain factoring services market, 2018-2030 (US$M)
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Spain factoring services market highlights
- The Spain factoring services market generated a revenue of USD 299.2 million in 2023 and is expected to reach USD 638.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 11.4% 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 299.2 million |
| Market revenue in 2030 | USD 638.1 million |
| Growth rate | 11.4% (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, Spain accounted for 7.1% 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 Europe, France factoring services market is projected to lead the regional market in terms of revenue in 2030.
- Belgium is the fastest growing regional market in Europe and is projected to reach USD 337.5 million by 2030.
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Factoring Services Market Scope
Factoring Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 73.26% in 2024. Horizon Databook has segmented the Spain factoring services market based on domestic, international covering the revenue growth of each sub-segment from 2018 to 2030.
The outbreak of the COVID-19 pandemic, wars among countries, and economic instability have compelled people to look for safer and more efficient ways of financial solutions, driving the factoring services market growth in Spain.
Similarly, the country’s economy is gradually recovering from the ramifications of the global financial crisis and the pandemic, paving the way for increased business activity and expansion. As businesses in the country continue to grow, the requirement for flexible financing options to meet fluctuating demand, short-term project goals, and maintain financial liquidity in businesses is on the rise.
Non-banking factoring service providers are gaining significant traction in Spain. These companies offer maximum funding on unpaid invoices within limited processing time, fees, and paperwork, enabling small and medium businesses to meet their short-term financial needs.
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Target buyers of Spain 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 Spain factoring services market , including forecasts for subscribers. This country databook contains high-level insights into Spain factoring services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain factoring services market size, by category, 2018-2030 (US$M)
Spain Factoring Services Market Outlook Share, 2024 & 2030 (US$M)
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