With a Compound Annual Growth Rate (CAGR) of 12.7%, the worldwide peer-to-peer (P2P) lending industry is expected to reach a significant milestone, with a projected market size of $1.3 trillion by the end of the 2022–2032 projection period. The market has grown significantly from $274.4 billion in 2021 to a healthy $407.2 billion in 2022, representing a 48.3% year-over-year increase.
The P2P lending industry is growing as a result of lower operating costs and more public knowledge of its advantages. P2P lending is becoming more and more popular with a wide range of end users, and in the years to come, the sector is expected to develop significantly.
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Owing to such initiatives, the market is anticipated to expand significantly in the forecast period. On the contrary, risks associated with peer-to-peer lending are expected to limit the market growth in the forecast period. Also, with less awareness about P2P lending, the market is expected to suffer.
However, with rising development in APAC along with the increasing number of small business entities, the market will counter the inhibiting factors, thus, supporting the industry expansion.
Key Takeaways from the Market Study:
- Market in the U.S to value US$ 568.2 Billion by 2032
- Chinese market to expand at a CAGR of 11.3% from 2022- to 2032
- By end-user, the small business segment is expected to exhibit a CAGR of 10.3% during the assessment period
- The marketplace lending model segment to exhibit a CAGR of 12.9% in the assessment period
- Market in France to garner US% 39.7 Billion by 2032
- S to exhibit a CAGR of 14% from 2022 to 2032
Competitive Landscape
With the help of alternative distribution channels such as online sales, Players in the global peer-to-peer lending market are focusing to enhance their market presence across the globe. Major players in the market include Prosper Marketplace, Inc., LendingClub Corporation, CommonBond Inc., Funding Circle Limited, and Upstart Network Inc. among others.
- In August 2021, CRED, an eminent player in the peer-to-peer lending market rolled out a new peer-to-peer lending platform called CRED Mint. It can be used as a cred-card repayment platform, and it allows members to earn interest on money by lending to other high-earning consumers.
- In January 2021, LendingClub, an eminent peer-to-peer lending market player, announced the acquisition of Radius Bancorp, Inc, and its digital bank subsidiary to expand the revenue of the company.
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global peer-to-peer lending market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Profiled in the Peer-to-Peer Lending Market Analysis
Peer-to-Peer Lending by End User:
- Peer-to-Peer Lending for Consumer Credit
- Peer-to-Peer Lending for Small Business
- Peer-to-Peer Lending for Student Loans
- Peer-to-Peer Lending for Real Estate
Peer-to-Peer Lending by Business Model:
- Traditional Peer-to-Peer Lending Model
- Marketplace Peer-to-Peer Lending Model
Peer-to-Peer Lending by Region:
- North America Peer-to-Peer Lending Market
- Europe Peer-to-Peer Lending Market
- Asia Pacific Peer-to-Peer Lending Market
- Middle East & Africa Peer-to-Peer Lending Market
- Latin America Peer-to-Peer Lending Market
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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