Peer To Peer Lending Market
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
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $155.1BN |
|
Projected Year Value (2028) |
US $809.7 BN |
|
CAGR (2022 - 2028) |
31.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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
1 Global Peer-to-Peer Lending Market Outlook, By Region (2020-2028) ($MN)
2 Global Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
3 Global Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
4 Global Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
5 Global Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
6 Global Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
7 Global Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
8 Global Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
9 Global Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
10 Global Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
11 Global Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
12 Global Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
13 Global Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
14 North America Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
15 North America Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
16 North America Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
17 North America Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
18 North America Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
19 North America Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
20 North America Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
21 North America Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
22 North America Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
23 North America Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
24 North America Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
25 North America Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
26 North America Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
27 Europe Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
28 Europe Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
29 Europe Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
30 Europe Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
31 Europe Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
32 Europe Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
33 Europe Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
34 Europe Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
35 Europe Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
36 Europe Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
37 Europe Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
38 Europe Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
39 Europe Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
40 Asia Pacific Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
42 Asia Pacific Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
43 Asia Pacific Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
44 Asia Pacific Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
45 Asia Pacific Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
46 Asia Pacific Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
47 Asia Pacific Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
48 Asia Pacific Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
49 Asia Pacific Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
50 Asia Pacific Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
51 Asia Pacific Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
52 Asia Pacific Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
53 South America Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
54 South America Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
55 South America Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
56 South America Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
57 South America Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
58 South America Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
59 South America Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
60 South America Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
61 South America Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
62 South America Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
63 South America Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
64 South America Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
65 South America Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
66 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Type (2020-2028) ($MN)
68 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Business Lending (2020-2028) ($MN)
69 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Consumer Lending (2020-2028) ($MN)
70 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Business Model (2020-2028) ($MN)
71 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Traditional Lending (2020-2028) ($MN)
72 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Marketplace Lending (2020-2028) ($MN)
73 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Other Business Models (2020-2028) ($MN)
74 Middle East & Africa Peer-to-Peer Lending Market Outlook, By End User (2020-2028) ($MN)
75 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Small Business Loans (2020-2028) ($MN)
76 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Consumer Credit Loans (2020-2028) ($MN)
77 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Student Loans (2020-2028) ($MN)
78 Middle East & Africa Peer-to-Peer Lending Market Outlook, By Real Estate Loans (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
