UK Factoring Services Market Size & Outlook, 2024-2030
UK factoring services market, 2018-2030 (US$M)
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UK factoring services market highlights
- The UK factoring services market generated a revenue of USD 402.6 million in 2023 and is expected to reach USD 639.5 million by 2030.
- The UK market is expected to grow at a CAGR of 6.8% 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 402.6 million |
| Market revenue in 2030 | USD 639.5 million |
| Growth rate | 6.8% (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, UK accounted for 9.6% 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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UK 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 72.6% in 2024. Horizon Databook has segmented the UK factoring services market based on domestic, international covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the U.K.'s factoring services market is primarily driven by an increased demand for alternative financing options among Micro, Small, and Medium Enterprises (MSMEs). Finance companies are offering adaptable factoring services to support freelancers and SMEs in alleviating the financial strains due to late payments.
Regional financial institutions are adopting a more customer-centric approach, developing accessible online platforms that allow users to check their bank balances, make financing requests, and manage invoices. Such advancements are anticipated to fuel the expansion of the factoring services sector in the U.K. over the forecasted period.
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Target buyers of UK 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 UK factoring services market , including forecasts for subscribers. This country databook contains high-level insights into UK factoring services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK factoring services market size, by category, 2018-2030 (US$M)
UK Factoring Services Market Outlook Share, 2024 & 2030 (US$M)
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