PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284256
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284256
Peer-to-Peer Lending Market Forecasts to 2028 - Global Analysis By Type (Business Lending and Consumer Lending), Business Model (Traditional Lending, Marketplace Lending and Other Business Models), End User and By Geography
According to Stratistics MRC, the Global Peer-to-Peer Lending Market is accounted for $155.1 billion in 2022 and is expected to reach $809.7 billion by 2028 growing at a CAGR of 31.7% during the forecast period. Peer-to-peer lending, commonly known as P2P lending, is the practise of extending credit to organisations or people using internet platforms that connect lenders and borrowers. The financial institution is no longer necessary as a middleman. P2P lending has made it possible for investors to receive greater returns on their capital by distributing the risk. P2P lending significantly contributes to the economic growth of many nations since it offers small and medium-sized enterprises affordable loans and more credit.
Market Dynamics:
Driver:
Availability of borrowers' access to lower interest rates
Peer-to-peer lending companies have offered essential funding options by offering small and medium-sized enterprises quick loans at affordable interest rates. This is complemented with an exceptional user experience for both investors and borrowers. The market is projected to draw more clients in the near future because it is still in its infancy and has little competition. As a result, these elements are anticipated to fuel market expansion throughout the course of the projected period.
Restraint:
Risks concerning lending and credit
Peer-to-peer lending companies often don't lend their own money, which puts the investors at great risk. As a result, investors run the risk of losing everything if borrowers don't make their loan payments on time. This risk increases progressively as the investor expects to see relatively significant returns on their investment. Peer-to-peer lending companies also assert and evaluate borrowers' creditworthiness and capacity to repay the loan based on a variety of parameters. All of these ratings, nevertheless, are unreliable and do not match those offered by an independent credit rating organisation. Therefore, it is anticipated that these issues would restrict market growth in the near future.
Opportunity:
Government-sponsored regulatory measures those are favourable
The governments of the United Kingdom and Europe are assisting peer-to-peer lending platforms by offering a proper and focused framework that fosters sector growth and guarantees to protect lenders from any possible danger. For instance, the U.K. regulatory organisation Financial Conduct Authority has created and implemented laws specifically for the peer-to-peer lending sector, which address the risks and other fundamental characteristics of this sector. Additionally, the peer-to-peer lending business has received substantial backing from the French government and it also offers back-office assistance and information about significant business activity.
Threat:
The banks' propensity to lend again
Peer-to-peer lenders have benefited greatly from the general reluctance of banks and other traditional lenders to give money to small and medium-sized enterprises. Peer-to-peer lenders would have difficulties if banks and other traditional lenders resumed their propensity for financing in these sectors. Additionally, traditional savings plans of all kinds have recently had difficulty offering high interest rates. Peer-to-peer lending businesses may find it difficult to attract investors' attention if interest rates on savings increase again. Therefore, throughout the anticipated period, these issues are anticipated to hinder the expansion of the worldwide peer-to-peer lending market.
COVID-19 Impact:
The COVID-19 epidemic has a favourable effect on the expansion of the worldwide peer-to-peer (P2P) lending economy. There were enough operational and financial issues with the large corporations and organisations. Peer-to-peer (P2P) lending systems assist these businesses in raising money for operations.
The consumer lending segment is expected to be the largest during the forecast period
The consumer lending segment is estimated to have a lucrative growth, due to the peer-to-peer (P2P) lending sector, consumer loans are made between two people. Peer-to-peer (P2P) lending market segment expansion is being driven by factors like increased disposable income and rapid urbanisation throughout the predicted period. Peer-to-peer (P2P) financing demand is being driven by an increase in small and medium-sized businesses (SME) and new businesses globally.
The student loan segment is expected to have the highest CAGR during the forecast period
The student loan segment is anticipated to witness the highest CAGR growth during the forecast period, due to the type of loan that helps students pay for post-secondary education and related costs like coaching and tuition, books, and supplies is a student loan. The need for student loans is increasing since there are more students in the world. Consumer credit loans are becoming more widely used and accepted by both individuals and businesses seeking funding. Over the anticipated term, this aspect will contribute to the market for peer-to-peer (P2P) lending growing.
Region with highest share:
North America is projected to hold the highest market share during the forecast period as the Peer-to-peer (P2P) lending platforms are becoming more widely used, which is driving the expansion of the P2P lending industry in North America. The rise in demand from retail investors for peer-to-peer lending applications because of the better returns compared to established financial institutions. The need for peer-to-peer (P2P) lending platforms in the area is also being fuelled by the adoption of cutting-edge technology.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the growth in small and medium-sized businesses. Governments in developing countries like China and India are continually working to promote cashless technology. The peer-to-peer (P2P) lending sector in the area is expanding as a result of this reason.
Key players in the market:
Some of the key players profiled in the Peer-to-Peer Lending Market include Avant, LLC. Kabbage Inc., Lending Club Corporation, OnDeck, Prosper Funding LLC, Zopa Bank Limited, RateSetter, Social Finance, Inc, Funding Circle, Daric Inc., Pave, Inc., CommonBond Inc., Social Finance, Upstart Network Inc., Peerform and CircleBack Lending, Inc
Key Developments:
In Feb 2023, LendingClub Announces Acquisition Of Radius Bank, Combining Radius and LendingClub will create a digitally native marketplace bank at scale with the power to deliver an integrated customer experience.
In April 2019, LendingClub Partners with Opportunity Fund and Funding Circle, Increasing Financial Inclusion and Small Businesses' Access to Credit, Opportunity Fund will leverage LendingClub's technology to provide an online application experience with prequalified offers to underserved small businesses
Types Covered:
- Business Lending
- Consumer Lending
Business Models Covered:
- Traditional Lending
- Marketplace Lending
- Other Business Models
End Users Covered:
- Small Business Loans
- Consumer Credit Loans
- Student Loans
- Real Estate Loans
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Peer-to-Peer Lending Market, By Type
- 5.1 Introduction
- 5.2 Business Lending
- 5.3 Consumer Lending
6 Global Peer-to-Peer Lending Market, By Business Model
- 6.1 Introduction
- 6.2 Traditional Lending
- 6.3 Marketplace Lending
- 6.4 Other Business Models
7 Global Peer-to-Peer Lending Market, By End User
- 7.1 Introduction
- 7.2 Small Business Loans
- 7.3 Consumer Credit Loans
- 7.4 Student Loans
- 7.5 Real Estate Loans
8 Global Peer-to-Peer Lending Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Avant, LLC.
- 10.2 Kabbage Inc.
- 10.3 Lending Club Corporation
- 10.4 OnDeck
- 10.5 Prosper Funding LLC
- 10.6 Zopa Bank Limited
- 10.7 RateSetter
- 10.8 Social Finance, Inc
- 10.9 Funding Circle
- 10.10 Daric Inc.
- 10.11 Pave, Inc.
- 10.12 CommonBond Inc.
- 10.13 Social Finance
- 10.14 Upstart Network Inc.
- 10.15 Peerform
- 10.16 CircleBack Lending, Inc
List of Tables
- Table 1 Global Peer-to-Peer Lending Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
- Table 4 Global Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
- Table 5 Global Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
- Table 6 Global Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
- Table 7 Global Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
- Table 8 Global Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
- Table 9 Global Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
- Table 10 Global Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
- Table 11 Global Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
- Table 12 Global Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
- Table 13 Global Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
- Table 14 North America Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
- Table 15 North America Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
- Table 16 North America Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
- Table 17 North America Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
- Table 18 North America Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
- Table 19 North America Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
- Table 20 North America Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
- Table 21 North America Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
- Table 22 North America Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
- Table 23 North America Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
- Table 24 North America Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
- Table 25 North America Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
- Table 26 North America Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
- Table 27 Europe Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
- Table 28 Europe Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
- Table 29 Europe Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
- Table 30 Europe Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
- Table 31 Europe Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
- Table 32 Europe Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
- Table 33 Europe Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
- Table 34 Europe Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
- Table 35 Europe Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
- Table 36 Europe Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
- Table 37 Europe Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
- Table 38 Europe Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
- Table 39 Europe Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
- Table 40 Asia Pacific Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
- Table 41 Asia Pacific Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
- Table 42 Asia Pacific Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
- Table 43 Asia Pacific Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
- Table 44 Asia Pacific Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
- Table 45 Asia Pacific Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
- Table 46 Asia Pacific Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
- Table 47 Asia Pacific Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
- Table 48 Asia Pacific Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
- Table 49 Asia Pacific Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
- Table 50 Asia Pacific Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
- Table 51 Asia Pacific Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
- Table 52 Asia Pacific Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
- Table 53 South America Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
- Table 54 South America Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
- Table 55 South America Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
- Table 56 South America Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
- Table 57 South America Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
- Table 58 South America Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
- Table 59 South America Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
- Table 60 South America Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
- Table 61 South America Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
- Table 62 South America Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
- Table 63 South America Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
- Table 64 South America Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
- Table 65 South America Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
- Table 66 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
- Table 67 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
- Table 68 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
- Table 69 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
- Table 70 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
- Table 71 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
- Table 72 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
- Table 73 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
- Table 74 Middle East & Africa Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
- Table 75 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
- Table 76 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
- Table 77 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
- Table 78 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
