The global term loan market is experiencing growth due to
several factors such as advanced technology adoption, rise in
demand for money to fund lifestyles, and rise in migration to smart
urban cities.
WILMINGTON, Del., Aug. 15, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Term
Loan Market by Type
(Short-term Loans, Intermediate-term Loans and Long-term Loans), by
Interest Rate (Fixed Interest Rate and Floating Interest Rate), and
Provider (Banks, Financial Institutions, Credit Unions and Others):
Global Opportunity Analysis and Industry Forecast, 2024-2032".
According to the report, the term loan market was valued at
$576.8 billion in 2023, and is
estimated to reach $991.2 billion by
2032, growing at a CAGR of 6.2% from 2024 to 2032.
Get Your Sample Report & TOC Today:
https://www.alliedmarketresearch.com/request-sample/A323696
Prime Determinants of Growth
The growing demand for short-term loans, which are easier to
obtain as they do not require collateral, leads to considerable
growth in the term loan market during the forecast period.
Moreover, the emergence of fintech companies and online loan
providers, which have made obtaining personal loans more
accessible, is expected to drive the term loan market growth in the
upcoming years.
Report Coverage and Details
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base Year
|
2023
|
Market Size in
2023
|
$576.8
billion
|
Market Size in
2032
|
$991.2
billion
|
CAGR
|
6.2 %
|
No. of Pages in
Report
|
354
|
Segments
covered
|
Type, Interest Rate,
Provider, and Region
|
Drivers
|
• Rise in use of
advanced technologies in the loan process
• Rise in
requirement for money to fund lifestyles
• Increase in
migration to smart urban cities
|
Opportunities
|
• Rise in demand
for short-term loans
• Emergence of
fintech companies and online loan providers
|
Restraints
|
• Credit history
scrutiny
• Economic
uncertainty
|
Get Your Sample Report & TOC Today:
https://www.alliedmarketresearch.com/request-for-customization/A323696
Segment Highlights
Based on type, the short-term loans segment in the term loans
market is gaining traction. The growing demand for short-term
loans, which are easier to obtain as they do not require
collateral, is driving the term loan market. This segment is
expected to experience considerable growth during the forecast
period, as short-term loans provide borrowers with the flexibility
to manage their cash flow and finance urgent assets such as
accounts receivable and inventories.
By interest rate, the fixed interest rate segment had the
largest market share in 2023. Fixed interest rate term loans offer
borrowers stability and predictability, as the interest rate
remains constant throughout the loan tenure. This provides
borrowers with the ability to better plan and manage their
finances, as they have a fixed repayment schedule. In times of
economic uncertainty or when market interest rates are expected to
rise, fixed interest rate term loans can be advantageous for
borrowers, as they are protected from potential increases in
interest rates. This can lead to significant savings in interest
payments over the life of the loan.
On the basis of provider, the banks segment held the largest
share in the term loans market in 2023, owing to growing demand for
long-term financing, particularly for infrastructure projects and
home loans. This supply-demand gap in lending, especially
for small and medium-sized enterprises (SMEs), is a significant
factor driving the growth of the term loan market. The development
of financial markets to support financial deepening and improved
market efficiency and liquidity has led to a need for more
diversified financing modalities beyond conventional bank lending.
The term loan market provides an alternative financing option for
businesses, contributing to its growth.
Regional Outlook
In North America, the increase
in adoption of advanced technologies in the loan process, such as
AI and software, which streamline loan operations and enhance the
overall customer experience is driving the term loan market growth.
In addition, the rise in demand for money to support their daily
needs and the growing migration to smart urban cities are
contributing to the growth of the market. However, the rise in
demand for long-term financing, particularly for infrastructure
projects and home loans, which are not adequately met by short-term
bank lending is boosting term loan adoption in the Asia-Pacific region. The region's financial
sectors are dominated by short-term bank lending, limiting their
capacity to finance long-term investments. This has led to a
supply-demand gap in lending, particularly for small and
medium-sized enterprises (SMEs), which are crucial for national
economic development.
Players
- Bajaj Finserv
- Tata Capital Limited
- Swoop Finance Ltd
- Funding Circle Limited
- Social Finance, Inc.
- Compare The Market Limited
- US Fund Source
- Loans Canada
- Sunshine Loans
- Choose Wisely Limited
The report provides a detailed analysis of these key players in
the global term loan market. These players have adopted different
strategies such as new product launches, collaborations, expansion,
joint ventures, agreements, and others to increase their market
share and maintain dominant shares in different regions. The report
is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Get More Information Before Buying:
https://www.alliedmarketresearch.com/purchase-enquiry/A323696
Recent Development
- In January 2022, Wells Fargo
announced plans to offer a short-term credit product that provides
amounts up to $500 and can be
repayable in three equal monthly installments.
- In April 2021, PayPal formed a
partnership with FlexiLoans to provide freelancers, women
entrepreneurs, sole proprietors, and MSME's with collateral-free
business term loans. PayPal with FlexiLoans aims to offer MSMEs
working capital for business expansion, purchasing stock,
inventory, and other business-related expenditures.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the term loan
market segments, current trends, estimations, and dynamics of the
term loan market analysis from 2024 to 2032 to identify the
prevailing term loan market opportunity.
- The market research is offered along with information related
to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers
and suppliers to enable stakeholders make profit-oriented business
decisions and strengthen their supplier-buyer network.
- In-depth analysis of the term loan market segmentation assists
to determine the prevailing term loan market opportunities.
- Major countries in each region are mapped according to their
revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides
a clear understanding of the present position of the market
players.
- The report includes the analysis of the regional as well as
global term loan market trends, key players, market segments,
application areas, and term loan market growth strategies.
Term Loan Market Report Highlights
By Type
- Short-term Loans
- Intermediate-term Loans
- Long-term Loans
By Interest Rate
- Fixed Interest Rate
- Floating Interest Rate
By Provider
- Banks
- Financial Institutions
- Credit Unions
- Others
By Region
- North America (U.S.,
Canada)
- Europe (France, Germany, Italy, Spain,
UK, Rest of Europe)
- Asia-Pacific (China, Japan,
India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Saudi
Arabia, UAE, Mexico, Rest
of LAMEA)
Purchase This Comprehensive Report (PDF with Insights,
Charts, Tables, and Figures) @ https://bit.ly/46NNg6v
Key Market Players
Sunshine Loans, Funding Circle Limited, Bajaj Finserv, Rupee
Station Pvt. Ltd., Tata Capital Limited, Cashpal Super Fast Same
Day Loans, Swoop Finance Ltd, BankBazaar.com, US Fund Source,
Compare The Market Limited, Loans Canada, Choose Wisely Limited,
Social Finance, Inc.
Trending Reports in BFSI Industry (Book Now with 10% Discount
+ COVID-19 Scenario):
Loan Origination Software Market Size, Share,
Competitive Landscape and Trend Analysis Report, by Component, by
Deployment Mode, by End-User : Global Opportunity Analysis and
Industry Forecast, 2023-2032
Wireless POS Terminal Market Size, Share,
Competitive Landscape and Trend Analysis Report, by Component, by
Type, by Application, by Industry Vertical : Global Opportunity
Analysis and Industry Forecast, 2021-2031
Restaurant Point of Sale (POS) Terminal Market Size,
Share, Competitive Landscape and Trend Analysis Report, by
Component, by Deployment Mode, by Type, by Application, by End User
: Global Opportunity Analysis and Industry Forecast, 2022-2031
Gift Cards Market Size, Share, Competitive Landscape
and Trend Analysis Report, by Card Type, by End User : Global
Opportunity Analysis and Industry Forecast, 2023-2032
About Us:
Allied Market Research (AMR) is a full-service market research and
business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small
businesses with unmatched quality "Market Research Reports" and
"Business Intelligence Solutions." AMR has a targeted view to
provide business insights and consulting to assist its clients in
making strategic business decisions and achieving sustainable
growth in their respective market domains.
We are in professional corporate relations with various
companies, and this helps us in digging out market data that helps
us generate accurate research data tables and confirms the utmost
accuracy in our market forecasting. Allied Market Research CEO
Pawan Kumar is instrumental in
inspiring and encouraging everyone associated with the company to
maintain high-quality data and help clients in every way possible
to achieve success. Each and every data presented in the reports
published by us is extracted through primary interviews with top
officials from leading companies of the domain concerned. Our
secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals
and analysts in the industry.
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Allied Market Research
Blog: https://blog.alliedmarketresearch.com
BFSI Blog
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/term-loan-market-to-reach-991-2-billion-globally-by-2032-at-6-2-cagr-allied-market-research-302222240.html