The asset-based lending global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Asset-Based Lending Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The asset-based lending market size has grown rapidly in recent years. It will grow from $697.75 billion in 2023 to $787.28 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to economic downturns and credit challenges, need for working capital financing, cyclical nature of industries, corporate restructuring and turnarounds, asset-rich, cash-poor situations..
The asset-based lending market size is expected to see rapid growth in the next few years. It will grow to $1262.76 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to global economic trends and volatility, increased demand for non-traditional financing, expanding role in cross-border transactions, focus on working capital optimization, industry-specific tailoring.. Major trends in the forecast period include expansion of cross-border asset-based lending, application of artificial intelligence (ai) in credit decisioning, collaboration between traditional lenders and fintechs, focus on non-traditional collateral types, integration of risk management analytics..
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing demand for loans is expected to propel the growth of the asset-based lending market going forward. A loan is a financial arrangement in which one party, typically a lender such as a bank or financial institution, provides a specific amount of money or other assets to another party, the borrower. Asset-based lending offers various benefits in delivering loans with flexible financing, enhanced liquidity, and scalability. For instance, in June 2023, according to ABL Advisor, a US-based online platform that offers news, information, and viewpoints on the commercial finance and asset-based lending (ABL) industries, the total number of loans made in the US for 2021 was $502.3 billion, a 10% increase from 2020. Therefore, the increasing demand for loans is driving the growth of the asset-based lending market.
Market Trends –
Major companies operating in the asset-based lending market are focused on developing platforms with advanced technology, such as sophisticated technology, to help improve returns, transparency, and customization and drive revenues in the market. Sophisticated trading technology refers to using advanced tools, software, and infrastructure to execute trades, analyze data, and manage trading operations efficiently to enhance trading performance, reduce latency, and improve decision-making processes. For instance, in April 2021, Fidelity Investments, a US-based financial services corporation, launched a digital platform called Fidelity Agency Lending. It is an exhaustive digital platform incorporating Fidelity’s deep trading expertise and sophisticated technology. This solution combines several attributes businesses seek in an agent lender, such as the infrastructure, proficiency, and expertise to increase returns and provide program customization and transparency.
The asset-based lending market covered in this report is segmented –
1) By Type: Inventory Financing, Receivables Financing, Equipment Financing, Other Types
2) By Interest Type: Fixed Rate, Floating Rate
3) By End User: Large Enterprises, Small And Medium-Sized Enterprises
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Regional Insights –
North America was the largest region in the asset-based lending market in 2023. The regions covered in the asset-based lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the asset-based lending market report are JPMorgan Chase and Co., Wells Fargo And Company, HSBC Holdings plc, Goldman Sachs Group Inc., BMO Harris Bank N.A., Barclays Bank PLC, Hilton-Baird Group, KeyCorp Limited, Huntington Business Credit, Lloyds Bank plc, BB&T Corporation, CoreVest Finance, Crystal Financial LLC, Triumph Commercial Finance, CIT Group, Bibby Financial Services, Sterling National Bank, Berkshire Bank N.A., White Oak Financial LLC, Porter Capital Corporation, First Capital Federal Credit Union, LSQ Funding Group L.C., Action Capital Corporation, LQD Business Finance LLC, Capital Funding Solutions Inc.
Table of Contents
1. Executive Summary
2. Asset-Based Lending Market Report Structure
3. Asset-Based Lending Market Trends And Strategies
4. Asset-Based Lending Market – Macro Economic Scenario
5. Asset-Based Lending Market Size And Growth
…..
27. Asset-Based Lending Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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