Market Overview:
The global buy now pay later market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for instant gratification and the growing trend of online shopping. Additionally, the increasing penetration of smartphones and internet connectivity is also aiding in the growth of this market. The global buy now pay later market can be segmented on the basis of type into individual and enterprise segments. On the basis of application, it can be classified into fashion and garment industry, consumer electronics, cosmetic industry, healthcare sector, and others. Geographically speaking, it has been analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) & Japan), MEA region (GCC Countries)and South Africa).
Product Definition:
Buy Now Pay Later is a type of financing that allows consumers to purchase items now and pay for them in installments over time. This can be helpful for those who want to buy something but don't have the money saved up front. It's also important because it can help people avoid paying interest on their purchases.
Individual:
The global Buy Now Pay Later (BNPL) market is expected to witness significant growth over the forecast period. The primary factor driving this growth is increasing internet penetration in various countries such as India, China, and Brazil among others.
Moreover, a surge in demand for mobile banking applications has also led to an increase in the adoption of BNPL services by consumers across the globe.
Enterprise:
Enterprise is an online payment platform which helps customers to make secure payments. It offers various benefits such as low fees, fast transactions and high security. The most important benefit of this platform is that it allows the customer to pay for the product or service without going through a bank transfer. This eliminates banks' involvement in the transaction process and saves time as well as money by avoiding costly wire fees charged by them.
Application Insights:
The fashion and garment industry is expected to be the dominant segment over the forecast period. The segment accounted for more than 30% of the overall market share in 2017. Factors such as increasing consumer expenditure on clothing, changing lifestyle along with growing demand for ready-to-wear and made-to-measure clothes are anticipated to boost this application segment over the forecast period.
The electronics industry is also likely to witness significant growth during this same period owing to rising consumer expenditure on electronic gadgets across various regions of the world. Consumers from emerging countries including China, India and Brazil have been showing increased interest in purchasing electronic products due to rapid urbanization, rising standard of living coupled with a growing preference for home delivery services online shopping malls offering wide range of electrical appliances has further propelled demand within electronics application segments globally buy now pay later market by type 2030).
Regional Analysis:
The global buy now pay later market is dominated by the U.S., which accounted for more than 80% of the revenue share in 2017. The presence of a large number of manufacturers and suppliers coupled with growing demand from end-use industries such as fashion and apparel, consumer electronics, cosmetics has contributed to its dominance over other regions.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing disposable income among consumers especially in developing countries such as China.
Moreover, an increase in online shopping due to rise in internet penetration will drive demand further driving BNPL's growth across this region.
Growth Factors:
- Increasing disposable income of consumers
- Rising credit card penetration and usage
- Proliferation of digital channels and platforms for buying goods and services
- Growing acceptance of buy now pay later among merchants and retailers
- Enhanced customer experience through innovative product features
Scope Of The Report
Report Attributes
Report Details
Report Title
Buy Now Pay Later Market Research Report
By Type
Individual, Enterprise
By Application
Fashion and Garment Industry, Consumer Electronics, Cosmetic Industry, Healthcare, Others
By Companies
Afterpay, QuadPay (Zip Co Limited), VISA, Sezzle, Affirm, Klarna, Splitit, Latitude Financial Services, Flexigroup, Openpay
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Buy Now Pay Later Market Report Segments:
The global Buy Now Pay Later market is segmented on the basis of:
Types
Individual, Enterprise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fashion and Garment Industry, Consumer Electronics, Cosmetic Industry, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Afterpay
- QuadPay (Zip Co Limited)
- VISA
- Sezzle
- Affirm
- Klarna
- Splitit
- Latitude Financial Services
- Flexigroup
- Openpay
Highlights of The Buy Now Pay Later Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Individual
- Enterprise
- By Application:
- Fashion and Garment Industry
- Consumer Electronics
- Cosmetic Industry
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Buy Now Pay Later Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Buy Now Pay Later is a payment plan where you can pay for items over time. The purchase is final and you don't have to worry about any returns or cancellations.
Some of the key players operating in the buy now pay later market are Afterpay, QuadPay (Zip Co Limited), VISA, Sezzle, Affirm, Klarna, Splitit, Latitude Financial Services, Flexigroup, Openpay.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Buy Now Pay Later Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Buy Now Pay Later Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Buy Now Pay Later Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Buy Now Pay Later Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Buy Now Pay Later Market Size & Forecast, 2020-2028
4.5.1 Buy Now Pay Later Market Size and Y-o-Y Growth
4.5.2 Buy Now Pay Later Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Individual
5.2.2 Enterprise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fashion and Garment Industry
6.2.2 Consumer Electronics
6.2.3 Cosmetic Industry
6.2.4 Healthcare
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Buy Now Pay Later Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Buy Now Pay Later Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Individual
9.6.2 Enterprise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fashion and Garment Industry
9.10.2 Consumer Electronics
9.10.3 Cosmetic Industry
9.10.4 Healthcare
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Individual
10.6.2 Enterprise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fashion and Garment Industry
10.10.2 Consumer Electronics
10.10.3 Cosmetic Industry
10.10.4 Healthcare
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Individual
11.6.2 Enterprise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fashion and Garment Industry
11.10.2 Consumer Electronics
11.10.3 Cosmetic Industry
11.10.4 Healthcare
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Individual
12.6.2 Enterprise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fashion and Garment Industry
12.10.2 Consumer Electronics
12.10.3 Cosmetic Industry
12.10.4 Healthcare
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Individual
13.6.2 Enterprise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fashion and Garment Industry
13.10.2 Consumer Electronics
13.10.3 Cosmetic Industry
13.10.4 Healthcare
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Buy Now Pay Later Market: Competitive Dashboard
14.2 Global Buy Now Pay Later Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Afterpay
14.3.2 QuadPay (Zip Co Limited)
14.3.3 VISA
14.3.4 Sezzle
14.3.5 Affirm
14.3.6 Klarna
14.3.7 Splitit
14.3.8 Latitude Financial Services
14.3.9 Flexigroup
14.3.10 Openpay
