Peer to Peer (P2P) Lending Market Insight and Trends 2030
The global peer to peer (P2P) lending market size was valued at US$ 83.79 billion in 2021 and it is expected to hit over US$ 705.81 billion by 2030 with a registered CAGR of 26.7% from 2022 to 2030.
Growth Factors:
The peer to peer (P2P) lending is a process or procedure of lending money or loans to businesses as well as individuals through online applications or website. The peer to peer (P2P) lending services are quite inexpensive in nature. At the same time, peer to peer (P2P) lending is considered as unsecured form of financial service. One of the key factors driving the growth of global peer to peer (P2P) lending market is growing need and requirement of finance and loans.
The operating fees of peer to peer (P2P) lending platforms are quite less as compared to traditional financial services. The loans on peer to peer (P2P) lending platforms are approved within a short period of time. All of these benefits are paving way for the growth of the global peer to peer (P2P) lending market during the forecast period.
The peer to peer (P2P) lending market is also growing due to rising adoption of digitalization in the banking sector. Due to peer to peer (P2P) lending platforms, the transactions have become more transparent in nature. On the other hand, the strict government regulations for approvals of loans are hindering the growth of the global peer to peer (P2P) lending market. In addition, lack of awareness among people regarding peer to peer (P2P) lending, is also restricting the expansion of global peer to peer (P2P) lending market.
Report Scope of the Peer to Peer Lending Market
|
Report Coverage |
Details |
|
Market Size by 2030 |
USD 705.81 Billion |
|
Growth Rate from 2022 to 2030 |
CAGR of 26.7% |
|
Largest Market |
North America |
|
Fastest Growing Makret |
Asia Pacific |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Type, End User, Business Model, Geography |
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Companies Mentioned |
Avant LLC, Zopa Bank Limited, Funding Circle, Social Finance Inc., Kabbage Inc., RateSetter, Lending Club Corporation, Prosper Funding LLC, LendingTree LLC, OnDeck |
Furthermore, the establishments of small and medium sized enterprises are also driving the demand for peer to peer (P2P) lending in the market globally. The peer to peer (P2P) lending platforms helps in the reduction of costs related to office setup, staffing, and maintenance. Thus, all of these factors are boosting the growth of peer to peer (P2P) lending market.
The impact of the COVID-19 pandemic on the growth of the global peer to peer (P2P) lending market is positive in nature. The major businesses and organizations faced enough problems regarding finance and operations. The peer to peer (P2P) lending platforms helps these organizations to raise funds for their operations.
Another factor driving the growth of global peer to peer (P2P) lending market is technological advancements. The technologies such as internet of things and blockchain technology are helping banking sectors to enhance their growth in global market. This factor is supporting the growth of the global peer to peer (P2P) lending market over the forecast period. In addition, the factors such as growing infrastructural development in building and construction sectors as well as surge in the number of students are also propelling the growth and development of global peer to peer (P2P) lending market.
Type Insights
The consumer lending segment dominated the peer to peer (P2P) lending market in 2021. The consumer lending in the peer to peer (P2P) lending market is taken place between two individuals. The factors such as rising disposable income and rapid urbanization are driving the growth of the segment in peer to peer (P2P) lending market over the forecast period.
The business lending segment is fastest growing segment of the peer to peer (P2P) lending market in 2021. The business lending is gaining traction in the peer to peer (P2P) lending market. The growing number of small and medium sized enterprises as well as start ups is driving the demand for peer to peer (P2P) lending in the global market.
End User Insights
The consumer credit loan segment dominated the peer to peer (P2P) lending market in 2021. The consumer credit loan is loans for short term. This type of loans is provided in the form of cash loans or sales credit. The growth of the segment is attributed to the growing adoption and acceptance of consumer credit loans among consumers as well as businesses for funds.
The student loan segment is fastest growing segment of the peer to peer (P2P) lending market in 2021. A student loan is a sort of loan that is used to assist students in paying for post-secondary education and associated fees such as coaching and tuition, books, and supplies. Due to growing number of students globally, the demand for student loan is rising. This factor is contributing towards the growth of peer to peer (P2P) lending market over the forecast period.
Region Insights
North America dominated the peer to peer (P2P) lending market in 2021. The growth of peer to peer (P2P) lending market in North America region is due to growing adoption of peer to peer (P2P) lending platforms. The adoption of innovative technologies is also driving the demand for peer to peer (P2P) lending platforms in the region.
Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. China dominates the peer to peer (P2P) lending market in Asia-Pacific region. The peer to peer (P2P) lending market is growing in Asia-Pacific region due to growing number of small and medium sized enterprises. The government of emerging nations such as China and India are constantly taking efforts for the promotion of cashless technologies. This factor is boosting the growth of peer to peer (P2P) lending market in the region.
Some of the prominent players in the Peer to Peer (P2P) Lending Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Type
By End User
By Business Model
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Peer to Peer (P2P) Lending Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Business Model Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Peer to Peer (P2P) Lending Market
5.1. COVID-19 Landscape: Peer to Peer (P2P) Lending Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Peer to Peer (P2P) Lending Market, By Type
8.1. Peer to Peer (P2P) Lending Market, by Type Type, 2022-2030
8.1.1. Consumer Lending
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Business Lending
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Peer to Peer (P2P) Lending Market, By End User
9.1. Peer to Peer (P2P) Lending Market, by End User, 2022-2030
9.1.1. Consumer Credit Loans
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Small Business Loans
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Real Estate Loans
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Student Loans
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Peer to Peer (P2P) Lending Market, By Business Model
10.1. Peer to Peer (P2P) Lending Market, by Business Model, 2022-2030
10.1.1. Marketplace Lending
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Traditional Lending
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Peer to Peer (P2P) Lending Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Business Model (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Business Model (2017-2030)
Chapter 12. Company Profiles
12.1. Avant LLC
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Zopa Bank Limited
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Funding Circle
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Social Finance Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Kabbage Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. RateSetter
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Lending Club Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Prosper Funding LLC
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. LendingTree LLC
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. OnDeck
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers