0
2020
Peer To Peer Lending Market

Peer to Peer Lending Market

By Business Model (Alternate Marketplace Lending and Traditional Lending), Type (Consumer Lending and Business Lending), and End User (Consumer Credit Loans, Small Business Loans, Student Loans, and Real Estate Loans): Global Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A01618
Pages: 250
May 2020 | 65367 Views
Author(s) : Shadaab K, Aarti G
Tables: 40
Charts: 40
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Peer to Peer Lending Market Outlook - 2027

The global peer to peer (P2P) lending market size was valued at $67.93 billion in 2019, and is projected to reach $558.91 billion by 2027, growing at a CAGR of 29.7% from 2020 to 2027. Peer to peer lending deals with the practice of lending loan to an individual from another individual without the involvement of bank or financial institution. The key objective of P2P lending is to boost the returns for the lenders and to reduce the rate of interest for the borrowers. In addition, it aids in providing quick and convenient loan, as P2P lending is entirely an online platform. 

Peer to Peer Lending Market

Lesser operating cost and lower market risk for the lenders and the borrowers are the major factors that drive the growth of the global peer to peer lending market. In addition, adoption of digitization in the banking sector adds to the transparency over traditional banking systems, which is expected to fuel the growth of the market. 

However, risk of losing money and implementation of stringent government restraints regulation for loan processing, and low awareness of P2P lending benefits among population hampers the growth of the market. On the contrary, development of the Asia-Pacific market, which has led to increase in large number of lenders and borrowers across the country, and rise in number of small business lending entities are expected to provide lucrative opportunities for the peer to peer lending market growth.

The small business loan segment is expected to garner a significant share during the forecast period. This is attributed to rise in number of small businesses in the developing countries such as India and Singapore. However, the consumer credit loan segment is expected to grow at the highest rate during the forecast period, owing to rapid adoption of consumer credit loan among individuals and enterprises to provide financial flexibility. Thus, providing a lucrative opportunity for the peer to peer lending market trends.

The report focuses on the growth prospects, restraints, and trends of the peer to peer lending market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the peer to peer lending market share.

Peer to Peer Lending Market
By Business Model

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Traditional Lending segment will secure the leading position throughout the forecast period

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Segmentation

The global peer to peer lending market is segmented on the basis of business model, type, end user, and region. In terms of business model, the market is bifurcated into alternate marketplace lending and traditional lending. 

Peer to Peer Lending Market
By Type

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Business Lending segment had dominant position in 2019 and would maintain the lead during 2020 - 2027

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Depending on type, it is categorized into consumer lending and business lending. As per end user, it is segregated into consumer credit loans, small business loans, student loans, and real estate loans. Region wise, it is analyzed across North America, Europe, Asia-Pacific (Excl China), and LAMEA.

 

Peer to Peer Lending Market
By End User

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Small Business Loan segment is projected to be the most lucrative segment

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The key players profiled in the peer to peer lending market trends are Avant Inc., Funding Circle Limited, Kabbage Inc., Lending Club Corporation, LendingTree LLC, On Deck Capital Inc., Prosper Marketplace Inc., RateSetter, Social Finance Inc., and Zopa Limited. These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry. 

Peer to Peer Lending Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 40.4% during 2020 - 2027

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Top Impacting Factors

Lesser Operating Cost and Low Market Risk

P2P lending solution neither requires infrastructure/buildings nor large workforce unlike traditional banks. P2P lending platform functions via internet-based services. The data is available to public, and the online services allow access to their sites, giving a clearer picture to consumers about loans and their types available. These lending platforms make money by charging fees to borrowers and deducting fees from the loan repayments made to investors, which propels the growth of the market. 

Furthermore, P2P lending platform helps in reducing the operational costs by decreasing the cost of physical branches, staffing, and maintenance of branches, thus augmenting the growth of the market. Moreover, peer to peer lending platform provides a suitable plan to ensure borrower’s repayment process, which reduces the market risk of the investor. With the help of peer to peer lending platform investors can reduce different types of market risks such as interest rate, unemployment rates, and property prices risk, which further positively impacts the growth of the global market. 

Digitization in the Banking Sector which adds Transparency over Traditional Banking System

Digitization has been one of the most widely adopted strategies in financial services to improve core processing capabilities and offer enhanced consumer services and insights. P2P lending platform has an innovative edge over traditional banking systems, owing to the fact that it offers higher transparency in businesses. Before a loan is posted on the platform’s website, a prospective borrower submits an application to the platform for consideration, with all the risks and interest rates mentioned clearly along with the period for installments. 

Moreover, this platform aids in efficient decision-making through the use of technology to quickly assess and assign risk grades and interest rates to loan applicants, which is a significant factor contributing toward the growth of the market. Furthermore, with surge in penetration of smartphones and rise in number of netizens across the globe, online lending process has witnessed significant increase in the recent years, thereby driving the market growth. 

Furthermore, the number of businesses and individuals filling applications online to borrow loans in the recent years rather than opting for the time-consuming lending process. According to the European Union, about 53% of various small- & medium-sized organizations in Germany and the UK applied for online loan in 2019, which was significantly higher as compared to the previous year 2018. 

Key Benefits For Stakeholders:

  • The study provides an in-depth analysis of the global peer to peer lending market forecast along with the current & future trends to elucidate the imminent investment pockets.

  • Information about key drivers, restraints, and opportunities and their impact analysis on the global peer to peer lending market size is provided in the report.

  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.

  • The quantitative analysis of the peer to peer lending market industry for the period 2019–2027 is provided to determine the market potential.

Peer to Peer Lending Market Report Highlights

Aspects Details
By Business Model
  • Traditional Lending
  • Alternate Marketplace Lending
BY LOAN TYPE
  • Consumer Credit Loans
  • Small Business Loans
  • Student Loans
  • Real Estate Loans
By End User
  • Business
  • Personal
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Netherlands, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (Australia, India, Japan, South Korea, Singapore, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Avant, LLC., Funding Circle, Kabbage Inc., Lending Club Corporation, LendingTree, LLC, OnDeck, Prosper Funding LLC, RateSetter, Social Finance, Inc, Zopa Bank Limited
 

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The global peer to peer lending market is anticipated to witness robust growth in emerging economies of Asia-Pacific along with continued growth in established market of North America. The growth is attributed to expansion of small businesses globally, improved interest rates, lending transparency, and lesser market risks. Increase in economic strength of the developing nations such as Singapore and India is expected to provide lucrative opportunities for the market growth. Asia-Pacific is expected to dominate the market during the forecast period. 

Moreover, emerging countries in Europe are projected to offer significant growth opportunities during the forecast period. P2P lending providers are expected to show further improvement in markets across rest of Asia and LAMEA, which are presently in the budding stage of alternative lending. 

Student loan and small business loans are the major focus points in these markets, as both segments possess huge lending potential, owing to the involvement of developing economies. With the internet as its foundation, alternative P2P lending finance has become feasible and accessible, being a new way to raise capital, invest, and lending. A number of small businesses are seeking for more innovative & consumer-friendly alternatives in the market, which is expected to drive the growth of the market. 
 

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FREQUENTLY ASKED QUESTIONS?

A. The Global Peer to Peer Lending Market is expected to grow at a CAGR of 29.7% from 2020 to 2027.

A. The Peer to Peer Lending Market is projected to reach $558.91 billion by 2027.

A. To get the latest version of sample report

A. Lesser operating cost and lower market risk for the lenders & the borrowers and adoption of digitization in the banking sector propel the Peer to Peer Lending market growth.

A. The key players profiled in the report include Avant Inc., Funding Circle Limited, Kabbage Inc., Lending Club Corporation, LendingTree LLC, On Deck Capital Inc., Prosper Marketplace Inc., RateSetter, Social Finance Inc., and Zopa Limited.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Peer to Peer Lending Market is segmented on the basis of business model, type, end user, and region.

A. The key growth strategies of Peer to Peer Lending market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Business Lending segment is projected to be the most lucrative segment.

A. Consumer Credit Loan segment would exhibit the highest CAGR of 32.5% during 2020 - 2027.

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