Global P2P Lending Market Size, Share, and Trends Analysis Report, By Business Model (Alternate Marketplace Lending and Traditional Lending), By Type (Consumer Lending and Business Lending), and By End-User (Consumer Credit Loans, Small Business Loans, Student Loans, and Real Estate Loans), Forecast (2022-2028)

The P2P lending market is anticipated to grow at a significant CAGR of 30.0% during the forecast period (2022-2028). P2P (Peer to Peer) lending is the practice of a person borrowing money from another person without going through a bank or financial organization. The primary goal of P2P lending is to increase returns for lenders while lowering interest rates for borrowers. Furthermore, as P2P lending is exclusively conducted online, it aids in the provision of a quick and convenient loan. The growth of the global P2P lending market is fueled by lower operational costs and decreased market risk for both lenders and borrowers. Furthermore, the implementation of digitization in the banking sector increases the transparency of traditional banking processes, which is projected to drive market growth.

The global P2P lending market is segmented based on the business model, type, and end-user. Based on type, the market is sub-segmented into alternate marketplace lending and traditional lending. Based on the type, the market is sub-segmented into consumer lending and business lending. Based on the end-user, the market is sub-segmented into consumer credit loans, small business loans, student loans, and real estate loans. Among these end-users, the small business loans segment is expected to propel the growth of the market due to an increase in the number of small enterprises in developing countries, such as India and Singapore. Additionally, due to the increased acceptance of consumer credit loans among individuals and businesses to give financial flexibility, the consumer credit loan category is predicted to develop at the fastest rate throughout the forecast period.

The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.  For instance, in August 2021, CRED, a fintech startup, unveiled its first community-powered product, allowing customers to earn interest on their unused funds by lending them to other CRED members. CRED Mint was developed in collaboration with Liquiloans, an RBI-registered P2P NBFC.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Business Model
  • By Type
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape– Avant LLC, Funding Circle Ltd., Kabbage Inc., Lending Club Corp., LendingTree LLC, Prosper Funding LLC, Social Finance Inc., and Zopa Bank Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global P2P Lending Market Report by Segment

By Business Model

• Alternate Marketplace Lending
• Traditional Lending

By Type

• Consumer Lending
• Business Lending

By End-User

• Consumer Credit Loans
• Small Business Loans
• Student Loans
• Real Estate Loans

Global P2P Lending Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa