US Factoring Services Market By Category (Domestic and International), By Type (Recourse, and Non-recourse), By Financial Institution (Banks and Non-Banking Financial Institutions), By Industry Verticals (Manufacturing, Transport & Logistics, Information & Technology, Healthcare, Construction, and Others), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

US Factoring Services market was valued at 158.3 billion US$ in 2022 and is projected to reach 301.8 billion US$ by 2030, at a CAGR of 8.4% during the forecast period. Factoring services are financial services that involve a company selling its accounts receivable (invoices) to a third party at a discount in exchange for immediate cash. Factoring is a way for companies to obtain cash quickly without taking on additional debt or waiting for their customers to pay their invoices. When a company uses factoring services, the third party (called the factor) becomes responsible for collecting payment from the company’s customers. The factor charges a fee for this service, which is typically a percentage of the invoice amount. Factoring services can be an useful option for companies that have a lot of outstanding invoices and need cash quickly to cover their expenses or invest in their business. However, they can also be expensive, as the fees charged by factors can add up over time.

Market Dynamics

Growing adoption of electronic invoicing and payment systems and an increase in the use of Distributed Ledger Technology (DLT) by small and medium-sized enterprises and large corporations are the key driving factors of the market.

US Factoring Services Market Revenue, 2022-2030

However, competition from other forms of alternative financing, such as invoice financing and crowdfunding, and limited awareness and understanding of factoring services among potential customers might hamper the market growth. Increasing global trade and immediate need for working capital for expansion in operations would provide lucrative opportunities for the market in coming years.

Market Segmentation

The US Factoring Services market is mainly classified based on Category, Type, Financial Institution, and Industry Verticals.

Category is further segmented into Domestic and International.

By Type the market is divided into Recourse and Non-recourse.

By Financial Institution the market is further divided into Banks and Non-Banking Financial Institutions.

By Industry Verticals the US Factoring Services market is divided as Manufacturing, Transport & Logistics, Information & Technology, Healthcare, Construction, and Others.

Competitive Players/ Competitive landscape/ Key Players/Market Leaders

Key players operating in the US Factoring Services industry include HSBC Group, BNP Paribas, Barclays Plc, RTS Financial Services, Inc, TCI Business Capital, Riviera Finances of Texas, Inc, CIT Group Inc, Triumph Business Capital, Breakout Capital, LLC, and Charter Capital Holdings LP.

US Factoring Services Market Key Segments:

By Category

• Domestic
• International

By Type

• Recourse
• Non-recourse

By Financial Institution

• Banks
• Non-Banking Financial Institutions

By Industry Verticals

• Manufacturing
• Transport & Logistics
• Information & Technology
• Healthcare
• Construction
• Others

Key US Factoring Services Industry Players

• HSBC Group
• BNP Paribas
• Barclays Plc
• RTS Financial Services, Inc
• TCI Business Capital
• Riviera Finances of Texas, Inc
• CIT Group Inc
• Triumph Business Capital
• Breakout Capital, LLC
• Charter Capital Holdings LP

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. US Factoring Services Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Growing adoption of electronic invoicing and payment systems
3.3.2. Increase in the use of Distributed Ledger Technology (DLT) by small and medium-sized enterprises and large corporations
3.4. Restraints
3.4.1. Competition from other forms of alternative financing such as invoice financing and crowdfunding
3.4.2. Limited awareness and understanding of factoring services among potential customers
3.5. Opportunity
3.5.1. Increasing global trade and immediate need for working capital for expansion in operations
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Category Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Domestic
4.2.1. Market Size & Forecast
4.3. International
4.3.1. Market Size & Forecast

5. Type Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Recourse
5.2.1. Market Size & Forecast
5.3. Non-recourse
5.3.1. Market Size & Forecast

6. Financial Institution Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. Banks
6.2.1. Market Size & Forecast
6.3. Non-Banking Financial Institutions
6.3.1. Market Size & Forecast

7. Industry Verticals Overview
7.1. Introduction
7.1.1. Market Size & Forecast
7.2. Manufacturing
7.2.1. Market Size & Forecast
7.3. Transport & Logistics
7.3.1. Market Size & Forecast
7.4. Information & Technology
7.4.1. Market Size & Forecast
7.5. Healthcare
7.5.1. Market Size & Forecast
7.6. Construction
7.6.1. Market Size & Forecast
7.7. Others
7.7.1. Market Size & Forecast

8. US Factoring Services Market Overview
8.1. Introduction
8.1.1. Market Size & Forecast
8.2. US Factoring Services Market
8.2.1. US Market Size & Forecast, By Category
8.2.2. US Market Size & Forecast, By Type
8.2.3. US Market Size & Forecast, By Financial Institution
8.2.4. US Market Size & Forecast, By Industry Verticals

9. Company Profile
9.1. HSBC Group
9.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
9.1.2. HSBC Group Product Category, Application, and Specification
9.1.3. HSBC Group Financial Performance (2020-2022)
9.1.4. Main Business/Business Overview
9.2. BNP Paribas
9.3. Barclays Plc
9.4. RTS Financial Services, Inc
9.5. TCI Business Capital
9.6. Riviera Finances of Texas, Inc
9.7. CIT Group Inc
9.8. Triumph Business Capital
9.9. Breakout Capital, LLC
9.10. Charter Capital Holdings LP