PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1718986
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1718986
United States Buy Now Pay Later Market, By Product Type (Point of Sale Financing, Installment Loans); By Distribution Channel; By Provider; By Industry Vertical, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
United States Buy Now Pay Later (BNPL) Market Zooming 2.8X to Cross USD 181 Billion by 2031
United States Buy Now Pay Later (BNPL) Market is booming primarily due to an increasing demand for flexible payment options driven by booming online shopping, rapid adoption of advanced technologies, and increasing number of partnerships between retailers and BNPL providers.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Buy Now Pay Later (BNPL) Market size by value at USD 65 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects United States Buy Now Pay Later (BNPL) Market size to boom at a robust CAGR of 15.81% reaching a value of USD 181.6 billion by 2031. United States Buy Now Pay Later (BNPL) Market is experiencing significant growth, driven by several key factors. The surge in e-commerce has increased the demand for flexible payment options. Technological advancements, including AI-driven credit assessments, have enhanced the efficiency and appeal of BNPL services. Additionally, strategic partnerships between BNPL providers and major retailers have expanded service accessibility, further propelling market growth. However, challenges such as potential consumer debt accumulation and the need for regulatory oversight persist.
Opportunity - Integration with Digital Wallets and Mobile Payments
The growing integration of Buy Now, Pay Later (BNPL) services with digital wallets and mobile payment platforms is a key driver of United States BNPL Market. Leading BNPL providers, such as Affirm, Klarna, and Afterpay, are partnering with Apple Pay, Google Pay, and PayPal, enhancing seamless transactions at checkout. The integration of digital wallets and mobile payments enables consumers to access BNPL options within their preferred digital payment ecosystem, improving convenience and adoption rates. Additionally, the shift toward contactless payments and e-commerce growth post-pandemic has accelerated the demand for mobile-friendly financing solutions. As more retailers and financial institutions embrace BNPL within their digital wallets, the market is expected to expand, catering to tech-savvy and credit-conscious consumers.
Point of Sale (PoS) Is Leading Product Type in US BNPL Market
The Point of Sale (PoS) financing segment is experiencing significant growth in United States Buy Now Pay Later (BNPL) Market. This trend is driven by businesses aiming to enhance customer experience and foster loyalty by offering PoS BNPL financing options. These options allow consumers to make purchases and pay overtime directly at the PoS, both in physical stores and online platforms. The increasing adoption of PoS financing solutions by large enterprises is contributing to this expansion, as it provides customers with convenient payment alternatives, thereby boosting sales and customer retention.
Impact of Escalating Geopolitical Tensions on United States Buy Now Pay Later (BNPL) Market
Escalating geopolitical tensions could impact the growth of United States Buy Now Pay Later (BNPL) Market through multiple channels. Supply chain disruptions caused by conflicts can increase the cost of goods, leading to inflation and reduced consumer purchasing power, thereby affecting BNPL adoption. Interest rate volatility due to economic uncertainty forces BNPL providers to reassess credit risk, potentially tightening approval criteria. Investor sentiment towards fintech weakens in unstable global conditions, reducing funding for BNPL firms, many of which rely on venture capital. Additionally, potential regulatory shifts in response to economic instability may impose stricter lending rules on BNPL services. If tensions impact employment rates, loan defaults may rise, pressuring BNPL business models that thrive on timely consumer repayments.
Competitive Landscape
United States Buy Now Pay Later (BNPL) Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Affirm, Afterpay, Klarna, PayPal, Sezzle, Splitit, Zip, Perpay, Quadpay, Uplift, and Sunbit. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in United States Buy Now Pay Later (BNPL) Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Buy Now Pay Later (BNPL) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Buy Now Pay Later (BNPL) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Buy Now Pay Later (BNPL) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Drivers
- 3.2.1.1. Expansion of E-commerce Platforms
- 3.2.1.2. Increasing Consumer Demand for Flexible Payment Options
- 3.2.1.3. Technological Advancements in Fintech
- 3.2.2. Restraints
- 3.2.2.1. Regulatory and Compliance Issues
- 3.2.2.2. High Consumer Debt Risk
- 3.2.2.3. Competition from Traditional Credit Options
- 3.2.3. Opportunities
- 3.2.3.1. Integration with Digital Wallets and Mobile Payments
- 3.2.3.2. Strategic Partnerships with Major Retailers
- 3.2.4. Challenges
- 3.2.4.1. Managing Credit Risk and Default Rates
- 3.2.4.2. Ensuring Data Privacy and Security
- 3.2.1. Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Buy Now Pay Later (BNPL) Market: Marketing Strategies
5. United States Buy Now Pay Later (BNPL) Market: Pricing Analysis
6. United States Buy Now Pay Later (BNPL) Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Point of Sale (POS) Financing
- 6.2.1.2. Installment Loans
- 6.2.2. By Distribution Channel
- 6.2.2.1. Online
- 6.2.2.2. In-Store
- 6.2.3. By Provider
- 6.2.3.1. Banks
- 6.2.3.2. Fintech Companies
- 6.2.3.3. Retailers
- 6.2.4. By Industry Vertical
- 6.2.4.1. Retail
- 6.2.4.2. Healthcare
- 6.2.4.3. Travel & Leisure
- 6.2.4.4. Automotive
- 6.2.1. By Product Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Buy Now Pay Later (BNPL) Market Share Analysis, 2024
- 7.2.1.1. Competitive Benchmarking, By Operating Parameters
- 7.3. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on United States Buy Now Pay Later (BNPL) Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Affirm
- 9.2. Afterpay
- 9.3. Klarna
- 9.4. PayPal
- 9.5. Sezzle
- 9.6. Splitit
- 9.7. Zip
- 9.8. Perpay
- 9.9. Quadpay
- 9.10. Uplift
- 9.11. Sunbit
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 United States Buy Now Pay Later (BNPL) Segmentation
- Figure 2 United States Buy Now Pay Later (BNPL) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 United States Buy Now Pay Later (BNPL) Market Size, By Value (USD Billion), 2019-2031
- Figure 5 United States Buy Now Pay Later (BNPL) Market Share, By Product Type, By Value, 2019-2031
- Figure 6 United States Buy Now Pay Later (BNPL) Market Share, By Provider, By Value, 2019-2031
- Figure 7 United States Buy Now Pay Later (BNPL) Market Share, By Industry Vertical, By Value, 2019-2031
- Figure 8 United States Buy Now Pay Later (BNPL) Market Share, By Distribution Channel, By Value, 2019-2031
- Figure 9 United States Buy Now Pay Later (BNPL) Market Share, By Product Type, By Value, 2019-2031
List of Tables
- Table 1 United States Buy Now Pay Later (BNPL) Market Size, By Value (USD Billion), 2019-2031
- Table 2 United States Buy Now Pay Later (BNPL) Market Share, By Product Type, By Value, 2019-2031
- Table 3 United States Buy Now Pay Later (BNPL) Market Share, By Provider, By Value, 2019-2031
- Table 4 United States Buy Now Pay Later (BNPL) Market Share, By Industry Vertical, By Value, 2019-2031
- Table 5 United States Buy Now Pay Later (BNPL) Market Share, By Distribution Channel, By Value, 2019-2031
- Table 6 United States Buy Now Pay Later (BNPL) Market Share, By Product Type, By Value, 2019-2031
- Table 7 Affirm Company Overview
- Table 8 Affirm Financial Overview
- Table 9 Afterpay Company Overview
- Table 10 Afterpay Financial Overview
- Table 11 Klarna Company Overview
- Table 12 Klarna Financial Overview
- Table 13 PayPal Company Overview
- Table 14 PayPal Financial Overview
- Table 15 Sezzle Company Overview
- Table 16 Sezzle Financial Overview
- Table 17 Splitit Company Overview
- Table 18 Splitit Financial Overview
- Table 19 Zip Company Overview
- Table 20 Zip Financial Overview
- Table 21 Perpay Company Overview
- Table 22 Perpay Financial Overview
- Table 23 Quadpay Company Overview
- Table 24 Quadpay Financial Overview
- Table 25 Uplift Company Overview
- Table 26 Uplift Financial Overview
- Table 27 Sunbit Company Overview
- Table 28 Sunbit Financial Overview
