U.S. Factoring Services Market Size & Outlook, 2024-2030
U.S. factoring services market, 2018-2030 (US$M)
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U.S. factoring services market highlights
- The U.S. factoring services market generated a revenue of USD 110.1 million in 2023 and is expected to reach USD 203.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.2% 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 110.1 million |
| Market revenue in 2030 | USD 203.7 million |
| Growth rate | 9.2% (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, U.S. accounted for 2.6% 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 North America, U.S. factoring services market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 46.9 million by 2030.
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Factoring Services Market Scope
Factoring Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 76.93% in 2024. Horizon Databook has segmented the U.S. factoring services market based on domestic, international covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in the adoption of Distributed Ledger Technology (DLT) among various SMEs and large enterprises, and increased awareness of blockchain DLT applications among various industries, are driving the growth of the U.S. market.
The technology provides several benefits, such as sending and receiving product information transparently and storing customers’ detailed information securely for the next purpose. For instance, Walmart Inc., one of the leading retail corporations in the U.S., has been using blockchain DLT to track and record its product information. These benefits will supplement the growth of the U.S. market during the forecast period.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. factoring services market , including forecasts for subscribers. This country databook contains high-level insights into U.S. factoring services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. factoring services market size, by category, 2018-2030 (US$M)
U.S. Factoring Services Market Outlook Share, 2024 & 2030 (US$M)
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