The "Asset-based Lending Global Market Opportunities and Strategies to 2033" report has been added to ResearchAndMarkets.com's offering.
The global asset-based lending market reached a value of nearly $682.04 billion in 2023, having grown at a compound annual growth rate (CAGR) of 10.7% since 2018. The market is expected to grow from $682.04 billion in 2023 to $1.28 trillion in 2033.
Growth in the historic period resulted from the increasing demand for loans, rising demand for alternative financing and the rise in the number of SMEs (small and medium-sized enterprises). Factors that negatively affected growth in the historic period include rise in cyber security concerns and interest rate challenges.
Going forward, strong economic growth in emerging markets, rising government support, high levels of corporate debt and increased focus on risk management will drive the market. Factors that could hinder the growth of the asset-based lending market in the future include corporate bankruptcies.
The asset-based lending market is segmented by type into inventory financing, receivables financing, equipment financing and other types. The receivables financing market was the largest segment of the asset-based lending market segmented by type, accounting for 52.2% or $356.14 billion of the total in 2023. Going forward, the inventory financing segment is expected to be the fastest growing segment in the asset-based lending market segmented by type, at a CAGR of 14.8% during 2023-2028.
The asset-based lending market is segmented by lender into banks, captives, finance companies and other lenders. The banks market was the largest segment of the asset-based lending market segmented by lender, accounting for 41.4% or $282.57 billion of the total in 2023. Going forward, the other lenders segment is expected to be the fastest growing segment in the asset-based lending market segmented by lender, at a CAGR of 15.7% during 2023-2028.
The asset-based lending market is segmented by borrower into manufacturing, staffing, distribution, logistics, transportation, business services and other borrowers. The manufacturing market was the largest segment of the asset-based lending market segmented by borrower, accounting for 29.8% or $203.49 billion of the total in 2023. Going forward, the logistics segment is expected to be the fastest growing segment in the asset-based lending market segmented by borrower, at a CAGR of 18.1% during 2023-2028.
The asset-based lending market is segmented by interest type into fixed rate and floating rate. The fixed rate market was the largest segment of the asset-based lending market segmented by interest type, accounting for 68.1% or $464.38 billion of the total in 2023. Going forward, the floating rate segment is expected to be the fastest growing segment in the asset-based lending market segmented by interest type, at a CAGR of 14.4% during 2023-2028.
The asset-based lending market is segmented by end user into large enterprises and small and medium-sized enterprises. The small and medium-sized enterprises market was the largest segment of the asset-based lending market segmented by end-user, accounting for 63.5% or $433.2 billion of the total in 2023. Going forward, the small and medium-sized enterprises segment is expected to be the fastest growing segment in the asset-based lending market segmented by end-user, at a CAGR of 14% during 2023-2028.
The global asset-based lending market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 17% of the total market in 2023. Banco Santander S.A. was the largest competitor with a 3.4% share of the market, followed by BNP Paribas with 2.4%, Sumitomo Mitsui Banking Corporation with 2.2%, JPMorgan Co. & Chase with 1.8%, Royal Bank of Canada with 1.7%, Wells Fargo Capital Finance Ltd. with 1.6%, Bank of America Corporation with 1.2%, Bank of Montreal (BMO) Financial Corporation with 1.1%, M&T Bank Corporation with 1% and Truist Financial Corporation with 0.6%.
The top opportunities in the asset-based lending market segmented by type will arise in the receivables financing segment, which will gain $317.26 billion of global annual sales by 2028. The top opportunities in the asset-based lending market segmented by lender will arise in the banks segment, which will gain $247.53 billion of global annual sales by 2028. The top opportunities in the asset-based lending market segmented by borrower will arise in the manufacturing segment, which will gain $140.77 billion of global annual sales by 2028. The top opportunities in the asset-based lending market segmented by interest type will arise in the fixed rate segment, which will gain $393.09 billion of global annual sales by 2028. The top opportunities in the asset-based lending market segmented by end-user will arise in the small and medium-sized enterprises segment, which will gain $400.84 billion of global annual sales by 2028. The asset-based lending market size will gain the most in the USA at $191.38 billion.
Market-trend-based strategies for the asset-based lending market include use of AI in advanced lending platforms to provide automated lending, focus on geographical expansion through launch of new lending businesses, alternative investment capabilities with new asset-backed finance business and establishment of new asset-based lending divisions.
Player-adopted strategies in the asset-based lending market include focuses on strengthening operational capabilities through strategic acquisitions, expanding business capabilities through new business units and business expansion through mergers and acquisitions.
To take advantage of the opportunities, the analyst recommends the asset-based lending companies to focus on AI-driven lending platforms, focus on developing asset-backed finance businesses, focus on introducing asset-based lending divisions, focus on inventory financing segment, focus on floating rate segment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for market expansion, focus on geographic expansion, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, focus on tailored solutions for small and medium-sized enterprises (SMEs) and focus on targeting end-users in manufacturing, distribution, and transportation.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider asset-based lending market; and compares it with other markets.
Markets Covered:
- by Type: Inventory Financing; Receivables Financing; Equipment Financing and Other Types
- by Lender: Banks; Captives; Finance Companies; Other Lenders
- by Borrower: Manufacturing; Staffing; Distribution; Logistics; Transportation; Business Services; Other Borrowers
- by Interest Type: Fixed Rate; Floating Rate
- by End-User: Large Enterprises; Small and Medium-Sized Enterprises
Key Attributes:
Report Attribute | Details |
No. of Pages | 410 |
Forecast Period | 2023 - 2033 |
Estimated Market Value (USD) in 2023 | $682.04 Billion |
Forecasted Market Value (USD) by 2033 | $2175.55 Billion |
Compound Annual Growth Rate | 12.3% |
Regions Covered | Global |
Key Topics Covered:
1 Executive Summary
2 Table of Contents
3 List of Tables
4 List of Figures
5 Report Structure
6 Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Asset-Based Lending Market Definition and Segmentations
6.4 Market Segmentation by Type
6.5 Market Segmentation by Lender
6.6 Market Segmentation by Borrower
6.7 Market Segmentation by Interest Type
6.8 Market Segmentation by End User
7 Asset-Based Lending Market - Macro-Economic Scenario
8 Major Market Trends
8.1 Use of AI in Advanced Lending Platforms to Provide Automated Lending
8.2 Focus on Geographical Expansion Through Launch of New Lending Businesses
8.3 Strategic Partnerships and Collaborations Among Market Players
8.4 Alternative Investment Capabilities With New Asset-Backed Finance Business
8.5 Establishment of New Asset-Based Lending Divisions
9 Global Market Size and Growth
9.1 Market Size
9.2 Historic Market Growth, 2018 - 2023, Value ($ Million)
9.3 Forecast Market Growth, 2023 - 2028, 2033F Value ($ Million)
10 Global Asset-Based Lending Market Segmentation
10.1 Global Asset-Based Lending Market, Segmentation by Type, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.2 Global Asset-Based Lending Market, Segmentation by Interest Type, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.3 Global Asset-Based Lending Market, Segmentation by End User, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.4 Global Asset-Based Lending Market, Segmentation by Lender, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.5 Global Asset-Based Lending Market, Segmentation by Borrower, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
11 Asset-Based Lending Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
- Banco Santander
- BNP Paribas
- Sumitomo Mitsui Banking Corporation
- JPMorgan Chase & Co
- Royal Bank of Canada
- Wells Fargo Capital Finance Ltd
- Bank of America Corp
- Bank of Montreal (BMO) Financial Corporation
- M&T Bank Corporation
- Truist Financial Corporation
- The Hongkong and Shanghai Banking Corporation Limited
- U.S. Bank Corp.
- Capital One Financial Corporation
- Toronto-Dominion Bank
- Citibank Commercial Banking
- KeyBank NA
- Commercial Investment Trust Group
- Huntington Bancshares Incorporated
- CIBC Bank USA
- Webster Financial Corporation
20 Competitive Benchmarking
21 Competitive Dashboard
22 Key Mergers and Acquisitions
22.1 Global Loan Agency Services Limited Acquired Pristine
22.2 Ares Management Corporation Acquired Lender Finance Portfolio From Pacific Western Bank
22.3 TD Bank Group Acquired Wells Fargo and Company
22.4 International Decision Systems Acquired William Stucky and Associates
23 Opportunities and Strategies
23.1 Global Asset-Based Lending Market in 2028 - Countries Offering Most New Opportunities
23.2 Global Asset-Based Lending Market in 2028 - Segments Offering Most New Opportunities
23.3 Global Asset-Based Lending Market in 2028 - Growth Strategies
For more information about this report visit https://www.researchandmarkets.com/r/vyce6y
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