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PUBLISHER: IMARC | PRODUCT CODE: 1291328

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PUBLISHER: IMARC | PRODUCT CODE: 1291328

Peer to Peer (P2P) Lending Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Market Overview:

The global peer to peer (P2P) lending market size reached US$ 147.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 626.5 Billion by 2028, exhibiting a growth rate (CAGR) of 26.1% during 2023-2028.

Peer-to-peer (P2P) lending refers to an online monetary arrangement between individuals and businesses without involving banks or other financial institutions. It lends money to eligible applicants through online services that connect borrowers directly to lenders or investors. It is a readily available source of capital that allows individuals to get personal, business, or educational loans at low-interest rates and flexible repayment terms. It provides a higher return on investment (ROI) and helps avail convenient, quick, and hassle-free loans with minimal documentation and zero impact on the credit scores. Besides this, P2P lendingfacilitates multiple partner lending and borrowing to diversify investments.

Global Peer to Peer (P2P) Lending Market Trends: 

P2P lending platforms eliminate the cost of establishing physical branches, maintenance, and staff and provide minimal risk for both lenders and borrowers. This, in confluence with the expansion of small and medium-sized enterprises (SMEs), represents one of the key factors driving the market. Moreover, the rising need for an alternative financing option that provides minimal charging fees and convenient repayment options is contributing to the market growth. Apart from this, various technological advancements, such as the development of smart contracts on blockchain technology that provide reliable and transparent borrowing and lending facilities, are propelling the market growth. Moreover, the shifting consumer preferences toward online loans to avoid the hefty documentation process and lengthy lending procedures are stimulating market growth. Furthermore, the increasing number of studentsstudying abroad is catalyzing the demand for educational loans.Besides this, the rapid digitization of the banking, financial services, and insurance (BFSI) industry and the increasing real estate lending are anticipated to positively influence the global peer to peer (P2P) market size.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global peer to peer (P2P) lending market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on loan type, business model and end user.

Breakup by Loan Type:

  • Consumer Lending
  • Business Lending

Business lending holds the majority of the global peer-to-peer (P2P) lending market share due to expanding business operations globally and high return on investment (ROI) on P2P loans.

Breakup by Business Model:

  • Marketplace Lending
  • Traditional Lending

Traditional lending currently dominates the market as it helps borrowers avail quick and convenient loans.

Breakup by End User:

  • Consumer (Individual/Households)
  • Small Businesses
  • Large Businesses
  • Real Estate
  • Others

Small businesses exhibit a clear dominance in the market as P2P lending platforms allow them to borrow loans directly from investors at low-interest rates.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

North America holds the majority of the market share due to the presence of big businesses and giant corporations in the region.

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Avant Inc., Commonbond Inc., Funding Circle Ltd., LendingClub Corporation, Lendingtree Inc. (InterActiveCorp and Tree.com Inc.), On Deck Capital Inc., Prosper Marketplace Inc., Retail Money Market Ltd., Social Finance Inc., Upstart Network Inc. and Zopa Limited.

Key Questions Answered in This Report:

  • How has the global peer to peer (P2P) lending market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global peer to peer (P2P) lending market?
  • What are the key regional markets?
  • What is the breakup of the market based on the loan type?
  • What is the breakup of the market based on the business model?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global peer to peer (P2P) lending market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR112023A2551

Table of Contents

1   Preface

2   Scope and Methodology

  • 2.1  Objectives of the Study
  • 2.2  Stakeholders
  • 2.3  Data Sources
    • 2.3.1  Primary Sources
    • 2.3.2  Secondary Sources
  • 2.4  Market Estimation
    • 2.4.1  Bottom-Up Approach
    • 2.4.2  Top-Down Approach
  • 2.5  Forecasting Methodology

3   Executive Summary

4   Introduction

  • 4.1  Overview
  • 4.2  Key Industry Trends

5   Global Peer to Peer (P2P) Lending Market

  • 5.1  Market Overview
  • 5.2  Market Performance
  • 5.3  Impact of COVID-19
  • 5.4  Market Forecast

6   Market Breakup by Loan Type

  • 6.1  Consumer Lending
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2  Business Lending
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7   Market Breakup by Business Model

  • 7.1  Marketplace Lending
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2  Traditional Lending
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8   Market Breakup by End User

  • 8.1  Consumer (Individual/Households)
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2  Small Businesses
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3  Large Businesses
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4  Real Estate
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5  Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9   Market Breakup by Region

  • 9.1  North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2  Asia Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3  Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4  Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5  Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10  SWOT Analysis

  • 10.1  Overview
  • 10.2  Strengths
  • 10.3  Weaknesses
  • 10.4  Opportunities
  • 10.5  Threats

11  Value Chain Analysis

12  Porters Five Forces Analysis

  • 12.1  Overview
  • 12.2  Bargaining Power of Buyers
  • 12.3  Bargaining Power of Suppliers
  • 12.4  Degree of Competition
  • 12.5  Threat of New Entrants
  • 12.6  Threat of Substitutes

13  Price Analysis

14  Competitive Landscape

  • 14.1  Market Structure
  • 14.2  Key Players
  • 14.3  Profiles of Key Players
    • 14.3.1  Avant Inc.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio 
    • 14.3.2  Commonbond Inc.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3  Funding Circle Ltd.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio 
      • 14.3.3.3 Financials
    • 14.3.4  LendingClub Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio 
      • 14.3.4.3 Financials 
      • 14.3.4.4 SWOT Analysis
    • 14.3.5  Lendingtree Inc. (InterActiveCorp and Tree.com Inc.)
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio 
      • 14.3.5.3 Financials 
    • 14.3.6  On Deck Capital Inc.
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio 
      • 14.3.6.3 Financials
    • 14.3.7  Prosper Marketplace Inc.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8  Retail Money Market Ltd.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio 
      • 14.3.8.3 Financials
    • 14.3.9  Social Finance Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
    • 14.3.10  Zopa Limited
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio 
      • 14.3.10.3 Financials
    • 14.3.11  Upstart Network Inc.
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio 
      • 14.3.11.3 Financials

Product Code: SR112023A2551

List of Figures

  • Figure 1: Global: Peer to Peer (P2P) Lending Market: Major Drivers and Challenges
  • Figure 2: Global: Peer to Peer (P2P) Lending Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Peer to Peer (P2P) Lending Market: Breakup by Loan Type (in %), 2022
  • Figure 4: Global: Peer to Peer (P2P) Lending Market: Breakup by Business Model (in %), 2022
  • Figure 5: Global: Peer to Peer (P2P) Lending Market: Breakup by End User (in %), 2022
  • Figure 6: Global: Peer to Peer (P2P) Lending Market: Breakup by Region (in %), 2022
  • Figure 7: Global: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 8: Global: Peer to Peer (P2P) Lending (Consumer Lending) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Peer to Peer (P2P) Lending (Consumer Lending) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Peer to Peer (P2P) Lending (Business Lending) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Peer to Peer (P2P) Lending (Business Lending) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Peer to Peer (P2P) Lending (Marketplace Lending) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Peer to Peer (P2P) Lending (Marketplace Lending) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Peer to Peer (P2P) Lending (Traditional Lending) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Peer to Peer (P2P) Lending (Traditional Lending) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Peer to Peer (P2P) Lending (Consumer- Individual/Households) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Peer to Peer (P2P) Lending (Consumer- Individual/Households) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Peer to Peer (P2P) Lending (Small Businesses) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Peer to Peer (P2P) Lending (Small Businesses) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Peer to Peer (P2P) Lending (Large Businesses) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Peer to Peer (P2P) Lending (Large Businesses) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Peer to Peer (P2P) Lending (Real Estate) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Peer to Peer (P2P) Lending (Real Estate) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Peer to Peer (P2P) Lending (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Peer to Peer (P2P) Lending (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: North America: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: North America: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: United States: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: United States: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: Canada: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: Canada: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: Asia Pacific: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: Asia Pacific: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: China: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: China: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: Japan: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: Japan: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: India: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: India: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: South Korea: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: South Korea: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: Australia: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: Australia: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: Indonesia: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: Indonesia: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: Others: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: Others: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: Europe: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: Europe: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: Germany: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: Germany: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: France: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: France: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: United Kingdom: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: United Kingdom: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Italy: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Italy: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: Spain: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: Spain: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: Russia: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: Russia: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Others: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Others: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Latin America: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Latin America: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Brazil: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Brazil: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Mexico: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Mexico: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Others: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Others: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Middle East and Africa: Peer to Peer (P2P) Lending Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Middle East and Africa: Peer to Peer (P2P) Lending Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Global: Peer to Peer (P2P) Lending Industry: SWOT Analysis
  • Figure 75: Global: Peer to Peer (P2P) Lending Industry: Value Chain Analysis
  • Figure 76: Global: Peer to Peer (P2P) Lending Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Peer to Peer (P2P) Lending Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Peer to Peer (P2P) Lending Market Forecast: Breakup by Loan Type (in Million US$), 2023-2028
  • Table 3: Global: Peer to Peer (P2P) Lending Market Forecast: Breakup by Business Model (in Million US$), 2023-2028
  • Table 4: Global: Peer to Peer (P2P) Lending Market Forecast: Breakup by End User (in Million US$), 2023-2028
  • Table 5: Global: Peer to Peer (P2P) Lending Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Peer to Peer (P2P) Lending Market Structure
  • Table 7: Global: Peer to Peer (P2P) Lending Market: Key Players
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