The global peer to peer (P2P) lending market size is expected to reach around US$ 705.81 billion by 2030 from US$ 83.79 billion in 2021 and is expected to grow at an impressive double-digit rate of 26.7% from 2022 to 2030.
-Lending-Market-Size-2021-to-2030.jpg "Peer to Peer (P2P) Lending Market Size, Share 2021 to 2030")
The study includes drivers and restraints of this market. The study provides an analysis of the global peer to peer (P2P) lending market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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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 |
Report Highlights
- On the basis of type, consumer lending segment holds the largest market share in the global peer to peer (P2P) lending market. In the peer to peer (P2P) lending industry, consumer loans are made between two people. Over the projection period, factors such as increased disposable income and rapid urbanization will drive the segment’s expansion in the peer to peer (P2P) lending market.
- On the basis of end user, consumer credit loan segment holds the largest market share in the global peer to peer (P2P) lending market. The consumer credit loan is a short-term loan. This type of loan can be in the form of a cash loan or a line of credit. The increased usage and acceptance of consumer credit loans among consumers and businesses for finances is credited with the segment’s rise.
Market Dynamics
Drivers
Growing digitization in banking sector
The peer to peer (P2P) lending platforms are widely adopted in the banking sector as compared to traditional lending platforms. This is due to growing trend of digitization. The digitization helps to conduct transactions with more efficiency and transparency. The peer to peer (P2P) lending platforms also helps in decision making for business owners. In addition, the increase in penetration of smartphones is also driving the growth of the market. As a result, growing digitization in banking sector is boosting the growth of global peer to peer (P2P) lending market over the forecast period.
Restraints
Growing competition among major technological firms
The competition among big tech companies is rising at a rapid pace. The players such as Amazon, Facebook, and Google are competing among each other. This restricts the borrowing and leading of loans among other businesses. As a result, growing competition among major technological firms is restricting the growth of peer to peer (P2P) lending market.
Opportunities
Benefits regarding peer to peer (P2P) lending platforms
The adoption of peer to peer (P2P) lending platforms helps in terms of costs savings. The cost is saved regarding land and labor. The peer to peer (P2P) lending platforms are operated through internet with the help of smartphones or laptops. The fees charged by peer to peer (P2P) lending platforms are low in cost as compared to traditional lending platforms. All of these benefits are driving the demand for peer to peer (P2P) lending platforms. As a result, benefits regarding peer to peer (P2P) lending platforms are contributing the growth of global peer to peer (P2P) lending market during the forecast period.
Challenges
Lack of awareness regarding peer to peer (P2P) lendingplatforms
The people are still dependent on traditional means and methods for borrowing loans. The developing and underdeveloped regions lack resources for digitization of banking sector. This is restricting the growth of the global peer to peer (P2P) lending market. In addition, people are also not aware about peer to peer (P2P) lending platforms. Thus, lack of awareness regarding peer to peer (P2P) lending platforms is a biggest challenge for the peer to peer (P2P) lending market growth.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global peer to peer (P2P) lending market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global peer to peer (P2P) lending market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global peer to peer (P2P) lending market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for peer to peer (P2P) lending are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global peer to peer (P2P) lending market include:
- Avant LLC
- Zopa Bank Limited
- Funding Circle
- Social Finance Inc.
- Kabbage Inc.
- RateSetter
- Lending Club Corporation
- Prosper Funding LLC
- LendingTree LLC
- OnDeck
Market Segmentation:
By Type
- Consumer Lending
- Business Lending
By End User
- Consumer Credit Loans
- Small Business Loans
- Student Loans
- Real Estate Loans
By Business Model
- Marketplace Lending
- Traditional Lending
Regional Analysis:
The geographical analysis of the global peer to peer (P2P) lending market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global peer to peer (P2P) lending Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global peer to peer (P2P) lending market in 2030?
- What is the expected CAGR for the peer to peer (P2P) lending market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global peer to peer (P2P) lending market?
TABLE OF CONTENT
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
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