Global Payday Loans Market Size & Outlook, 2022-2030
Global payday loans market, 2018-2030 (US$M)
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Global payday loans market highlights
- The global payday loans market generated a revenue of USD 5,082.3 million in 2022 and is expected to reach USD 6,876.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.9% by 2030.
- In terms of segment, storefront payday loans accounted for a revenue of USD 2,698.9 million in 2022.
- Online Payday Loans is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 5,082.3 million |
| Market revenue in 2030 | USD 6,876.8 million |
| Growth rate | 3.9% (CAGR from 2022 to 2030) |
| Largest segment | Storefront payday loans |
| Fastest growing segment | Online Payday Loans |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Storefront Payday Loans, Online Payday Loans |
Other key industry trends
- In terms of revenue, the North America accounted for 30.9% of the global payday loans market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 188.4 million by 2030.
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Payday Loans Market Scope
Payday Loans Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global payday loans 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 payday loans market will help companies and investors design strategic landscapes.
Storefront payday loans was the largest segment with a revenue share of 53.1% in 2022. Horizon Databook has segmented the Global payday loans market based on storefront payday loans, online payday loans covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Payday Loans Type Outlook (Revenue, USD million, 2018-2030)
- Storefront Payday Loans
- Online Payday Loans
- Global Payday Loans Marital Status Outlook (Revenue, USD million, 2018-2030)
- Married
- Single
- Global Payday Loans Customer Age Outlook (Revenue, USD million, 2018-2030)
- Less than 21
- 21-30
- 31-40
- 41-50
- More than 50
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Our clientele includes a mix of payday loans market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global payday loans market , including forecasts for subscribers. This global databook contains high-level insights into Global payday loans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global payday loans market size, by region, 2018-2030 (US$M)
Top 10 countries: Payday loans market size, 2022 (US$M)
Global payday loans market share, by type, 2022 & 2030 (%, US$M)
Payday loans market: Opportunity assessment by country
Global payday loans market, by region, 2022 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,243.6 | 1,327.4 | 1,412.0 | 1,498.2 | 1,569.1 | 1,636.6 | 1,701.3 | 1,764.2 | 1,825.7 | 1,886.1 | 1,940.6 | 1,990.7 | 2,037.3 | 3.3% |
| Europe | 917.4 | 976.4 | 1,035.4 | 1,095.3 | 1,140.9 | 1,183.4 | 1,223.3 | 1,261.3 | 1,297.7 | 1,332.8 | 1,363.1 | 1,389.8 | 1,413.5 | 2.7% |
| Asia Pacific | 976.1 | 1,055.5 | 1,137.2 | 1,222.3 | 1,301.9 | 1,380.8 | 1,459.5 | 1,538.7 | 1,618.7 | 1,699.9 | 1,777.6 | 1,853.1 | 1,927.2 | 5.0% |
| Latin America | 438.8 | 472.5 | 507.0 | 542.7 | 575.1 | 607.0 | 638.4 | 669.8 | 701.4 | 733.1 | 763.1 | 792.0 | 820.1 | 4.5% |
| MEA | 384.7 | 412.5 | 440.7 | 469.7 | 495.2 | 520.0 | 544.2 | 568.1 | 591.9 | 615.6 | 637.8 | 658.7 | 678.7 | 4.0% |
| Overall | 3,960.8 | 4,244.3 | 4,532.3 | 4,828.2 | 5,082.3 | 5,327.6 | 5,566.8 | 5,802.2 | 6,035.4 | 6,267.5 | 6,482.2 | 6,684.3 | 6,876.8 | 3.9% |
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