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Buy Now Pay Later Market to Expand at a CAGR of 24.6 % from 2021 to 2030

The global Buy Now Pay Later market size is expected to reach USD 25.40 billion by 2030 and is expected to expand at a CAGR of 24.6% from 2021 to 2030.

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Growth Factors

 The market growth can be attributed to the large number of benefits offered by Buy Now Pay Later (BNPL) platforms, such as convenient and interest-free payments. These platforms are becoming increasingly popular as the preferred payment option when shopping online.

BNPL is short-term financing that allows customers to make purchases and pay for them at a future date. Moreover, buy now pay later plans don’t charge interest on payments and are often easier to get approved compared to lines of credit or traditional credit cards. Various factors, such as the easy registration process on BNPL platforms and instantaneous approval for bills, are expected to contribute to the market growth over the forecast period.

Report Coverage

Report Scope Details
Market Size USD 25.40 billion by 2030
Growth Rate CAGR of 24.6% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Channel, Enterprise size, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Afterpay; PayPal Holdings, Inc.; Affirm, Inc.; Klarna Inc.; Splitit; Sezzle; Perpay Inc.; Openpay; Quadpay, Inc.; LatitudePay

Report Highlights

The online segment dominated the market in 2020 and accounted for over 66.0% share of the global revenue. Numerous businesses across the globe are expected to focus on adopting the fastest-growing online payment methods, such as buy now pay later, as part of their post-pandemic resurgence plans.

The POS segment is anticipated to witness significant growth over the forecast period. Numerous businesses across the globe are focusing on providing Point-of-Sale (POS) BNPL financing options to enhance customer experience and strengthen their relationship with customers.

The large enterprises segment dominated the market in 2020 and accounted for over 63.0% of the global revenue. Large enterprises are widely adopting the buy now pay later payment solution as it offers customers a flexible and affordable payment method for purchasing high-value products.

The small and medium enterprises segment is expected to register the fastest growth over the forecast period. Small and medium enterprises across the globe are focusing on adopting BNPL solutions to increase sales conversion rates.

The fashion and garment segment dominated the market in 2020 and accounted for over 45.0% of the global revenue. The industry is witnessing increased adoption of buy now pay later solutions as they allow customers to easily distribute the cost of the purchase over a time of pre-determined and interest-free payments.

North America dominated the BNPL market in 2020 and accounted for over 32.0% of the global revenue. The regional market growth can be attributed to the presence of a large number of prominent players in the region.

Asia Pacific is anticipated to record the highest CAGR over the forecast period. BNPL trend is becoming popular across the region as it enables customers to access credit and defer payments.

Key Players

  • Afterpay
  • PayPal Holdings, Inc.
  • Affirm, Inc.
  • Klarna Inc.
  • Splitit
  • Sezzle
  • Perpay Inc.
  • Openpay
  • Quadpay, Inc.
  • LatitudePay

Market Segmentation

  • Channel
    • Online
    • POS
  • Enterprise Size
    • Large Enterprises
    • Small & Medium Enterprises
  • End-use
    • Consumer Electronics
    • Fashion & Garment
    • Healthcare
    • Leisure & Entertainment
    • Retail
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • Sweden
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
    • Latin America
      • Brazil
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

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 Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Buy Now Pay Later Market, By Channel

7.1.  Buy Now Pay Later Market, by Channel, 2021-2030

7.1.1.    Online

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    POS

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Buy Now Pay Later Market, By Enterprise Size

8.1.  Buy Now Pay Later Market, by Enterprise Size, 2021-2030

8.1.1.    Large Enterprises

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Small & Medium Enterprises

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Buy Now Pay Later Market, By End-use

9.1.  Buy Now Pay Later Market, by End-use, 2021-2030

9.1.1.    Consumer Electronics

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Fashion & Garment

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Healthcare

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Leisure & Entertainment

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Retail

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Others

9.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Buy Now Pay Later Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Channel (2017-2030)

10.1.2.  Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.1.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Channel (2017-2030)

10.2.2.  Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.2.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Channel (2017-2030)

10.3.2.  Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.3.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Channel (2017-2030)

10.4.2.  Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.4.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Channel (2017-2030)

10.5.2.  Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.5.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Channel (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Enterprise Size (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

Chapter 11.  Company Profiles

11.1.              Afterpay

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              PayPal Holdings, Inc.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Affirm, Inc.

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Klarna Inc.

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Splitit

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Sezzle

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Perpay Inc.

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Openpay

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Quadpay, Inc.

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           LatitudePay

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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