(BNPL) Buy Now Pay Later Market Size, Trends and Insights By Channel (POS, Online), By Organization Size (SMEs, Large Enterprises), By End-use (Retail, Consumer Electronics, Healthcare, Fashion & Garment, Leisure & Entertainment, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Report Code: CMI19989

Published Date: October 2022

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 22%
16 B
2021
24B
2022
90 B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Sezzle
  • Klarna Bank AB
  • Afterpay
  • Laybuy Group Holdings Limited
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global (BNPL) Buy Now Pay Later Market was estimated at USD 16 billion in 2021  and is expected to reach USD 24 Billion in 2022 and is anticipated to reach around USD 90 billion by 2030, growing at a CAGR of roughly 22% between 2022 and 2030.

The global Buy Now Pay Later BNPL market research report offers an in-depth analysis of the global market size, further segmented into regional and country-level market size and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.

(BNPL) Buy Now Pay Later Market(By Channel )

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  • The “buy now, pay later” options that retailers are increasingly providing allow customers to buy basic necessities by selecting a prudent financing plan and paying payments gradually rather than all at once. Customers can use “Buy Now, Pay Later” to divide a single retail purchase into several smaller, interest-free payments and spread them out over time. The widespread application of the buy now, pay later payment model by business owners to finance expensive products, buy daily groceries, and pay employee salaries. More young people are also using the purchase now pay later payment method since it has various benefits over other payment methods, including the ability to pay for expensive items such as laptops and mobile phones and easy payment options for food deliveries and groceries.
  • Consumers have historically utilized credit methods to pay for products and services. A credit card equivalent has emerged in recent years, spreading swiftly throughout several industrialized nations, including the US, the UK, China, and India. BNPL is being used more frequently across all consumer groups. For instance, since 2019, BNPL consumption in the US has increased more than thrice.
  • The coronavirus epidemic fueled the rise of the e-commerce industry and increased consumer desire for easy online financing options. Because BNPL products are created expressly for online shopping, the advent of e-commerce expanded the market reach of these providers. Due to the epidemic, millions of consumers needed more wiggle room when making purchases because they were unemployed and in unpredictable financial situations. On the other hand, many people were able to pay off debt during the financial crisis, making interest-free BNPL products a preferable alternative to racking up yet another huge credit card balance.

Report Scope

The study focuses on (BNPL) Buy Now Pay Later market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. To support the market projections and growth rates over the anticipated 2022-2030, the study monitors essential market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by channel, organization size, end-use, application, and geography.

(BNPL) Buy Now Pay Later Market (By Organization Size )

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Feature of the Report Details
Market Size in 2021 USD 16 Billion
Projected Market Size in 2030 USD 90 Billion
Market Size in 2022 USD (2022Value) Billion/Million
CAGR Growth Rate 22% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Sezzle, Klarna Bank AB, Afterpay, Laybuy Group Holdings Limited, Splitit, Quadpay, Affirm Holdings Inc., PayPal Holdings Inc., Perpay, Payl8r (Social Money Ltd.), and Others
Key Segment By Channel,Organization Size, End-us, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Market Dynamics

  • A form of short-term financing known as “buy now, pay later” enables people to purchase commonplace items like household goods, gadgets, and clothing. A point-of-sale (POS) instalment loan system manages repayment while allowing clients to make purchases.
  • E-commerce businesses, fintech firms, and even banks have started to provide customers with (BNPL) buy now pay later services. Various application-based fintech companies, such as LazyPay, PayTM, MoneyTap, PhonePe, and CASHe, among others, also provide buy-directly, pay-later loans. These days, a wide range of purchases—from technology to clothing—as well as food delivery, travel arrangements, supermarket shopping, and other expenses—can be made using this option.
  • The buy now pays later market is expanding more rapidly due to consumers in developing nations introducing online payment alternatives. The main factors propelling the market’s growth worldwide are the affordable and practical payment services offered by buy now pay later platforms and the expansion of the global e-commerce industry.
  • Furthermore, the buy now pays later market is anticipated to expand over the forecast period of 2022-2030 as a result of young people’s increased acceptance and utilization of buy pay later payment technology, which offers advantages like enabling them to buy expensive laptops and smartphones, pay their canteen bills, pay their tuition fees, and purchase stationery items.
  • However, high late and returned payment charges act as a hindering factor to the buy now pay later market’s growth. On the other hand, the deal now, pay later market is anticipated to benefit from the surge in demand for postponed payments for online purchases and an increase in senior consumers’ spending on luxuries.

The consumer Electronics Segment is Estimated to Witness a High CAGR in the (BNPL) Buy Now Pay Later Market

  • Over the anticipated period, the consumer electronics segment is projected to witness a robust CAGR. BNPL payment mechanisms are becoming more widely used in the market as a low-friction alternative to credit cards.
  • Customers also choose BNPL payment methods over credit cards because they avoid costly compound interest and hidden costs. Over the projected period, it is anticipated that increased consumer electronic provider awareness of the flexible BNPL payment mechanism would fuel demand for these services.

The Fashion & Garment Segment Dominated the Buy Now Pay Later BNPL Market in 2021

  • In 2021, the buy now pays later market was dominated by the fashion and garment industry, which had over 30% of the market. The clothing and apparel sectors are expanding steadily. The clients benefit from several product discounts. When buyers have the option to pay later, it has been seen that sales in the fashion and garment industries increase significantly.

Competitive Landscape

Our market analysis includes a section specifically devoted to key players operating in the (BNPL) Buy Now Pay Later market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally. 

(BNPL) Buy Now Pay Later Market

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  • 2022: To help small business owners with their ongoing financial needs, PayPal Holdings Inc. announced that it is expanding its line of credit products to include a new business credit card. The PayPal Business Cashback Mastercard is the first business credit card offered by PayPal. It is issued by WebBank and uses the Mastercard network. The card has no annual charge and offers users 2% cash back on all purchases. There are no limitations on the amount of cashback a user can receive or when it expires, making it one of the best cashback offers.
  • 2021: The American theme park and entertainment firm SeaWorld Parks & Entertainment, Inc. have teamed with Uplift, Inc., a developer of BNPL solutions.

Regional Overview

In 2021, North America led the buy now pay later market, contributing over 30.0% of worldwide sales. Numerous notable firms are the primary cause of the regional market expansion. Additionally, many fintech businesses in this area collaborate with entertainment businesses to provide BNPL services for booking hotels. It is one of the consumer-centric regions. Additionally, a sizable population uses the internet and smartphone applications. This is fueling the expansion of the buy now pay later market.

(BNPL) Buy Now Pay Later Market (trends by region)

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On the other hand, Asia-Pacific is anticipated to experience the quickest growth during the projection period. In Asia-Pacific, the idea of “buy now, pay later” is relatively new. According to observations, the buy now, pay later option is very common among millennials. Additionally, the region’s growing internet usage is opening up growth opportunities for deals now pay later.

Prominent Players:

  • Sezzle
  • Klarna Bank AB
  • Afterpay
  • Laybuy Group Holdings Limited
  • Splitit
  • Quadpay
  • Affirm Holdings Inc.
  • PayPal Holdings Inc.
  • Perpay
  • Payl8r (Social Money Ltd.)

The global Buy Now Pay Later (BNPL) market is segmented as follows:

By Channel

  • POS
  • Online

By Organization Size

  • SMEs
  • Large Enterprises

By End-use

  • Retail
  • Consumer Electronics
  • Healthcare
  • Fashion & Garment
  • Leisure & Entertainment
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

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

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Buy Now Pay Later (BNPL) Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Buy Now Pay Later (BNPL) Market : snapshot
  • Chapter 3. Global Buy Now Pay Later (BNPL) Market – Industry Analysis
    • 3.1 Buy Now Pay Later (BNPL) Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 The increasing number of internet users
      • 3.2.2 The numerous benefits offered by BNPL platforms
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Channel
      • 3.7.2 Market attractiveness analysis By Organization Size
      • 3.7.3 Market attractiveness analysis By End-use
  • Chapter 4. Global Buy Now Pay Later (BNPL) Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Buy Now Pay Later (BNPL) Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Buy Now Pay Later (BNPL) Market – Channel Analysis
    • 5.1 Global Buy Now Pay Later (BNPL) Market overview: By Channel
      • 5.1.1 Global Buy Now Pay Later (BNPL) Market share, By Channel, 2021 and 2030
    • 5.2 POS
      • 5.2.1 Global Buy Now Pay Later (BNPL) Market by POS, 2022 – 2030 (USD Billion)
    • 5.3 Online
      • 5.3.1 Global Buy Now Pay Later (BNPL) Market by Online, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Buy Now Pay Later (BNPL) Market – Organization Size Analysis
    • 6.1 Global Buy Now Pay Later (BNPL) Market overview: By Organization Size
      • 6.1.1 Global Buy Now Pay Later (BNPL) Market share, By Organization Size, 2021 and 2030
    • 6.2 SMEs
      • 6.2.1 Global Buy Now Pay Later (BNPL) Market by SMEs, 2022 – 2030 (USD Billion)
    • 6.3 Large Enterprises
      • 6.3.1 Global Buy Now Pay Later (BNPL) Market by Large Enterprises, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Buy Now Pay Later (BNPL) Market – End-use Analysis
    • 7.1 Global Buy Now Pay Later (BNPL) Market overview: By End-use
      • 7.1.1 Global Buy Now Pay Later (BNPL) Market share, By End-use, 2021 and 2030
    • 7.2 Retail
      • 7.2.1 Global Buy Now Pay Later (BNPL) Market by Retail, 2022 – 2030 (USD Billion)
    • 7.3 Consumer Electronics
      • 7.3.1 Global Buy Now Pay Later (BNPL) Market by Consumer Electronics, 2022 – 2030 (USD Billion)
    • 7.4 Healthcare
      • 7.4.1 Global Buy Now Pay Later (BNPL) Market by Healthcare, 2022 – 2030 (USD Billion)
    • 7.5 Fashion & Garment
      • 7.5.1 Global Buy Now Pay Later (BNPL) Market by Fashion & Garment, 2022 – 2030 (USD Billion)
    • 7.6 Leisure & Entertainment
      • 7.6.1 Global Buy Now Pay Later (BNPL) Market by Leisure & Entertainment, 2022 – 2030 (USD Billion)
    • 7.7 Others
      • 7.7.1 Global Buy Now Pay Later (BNPL) Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 8. Buy Now Pay Later (BNPL) Market – Regional Analysis
    • 8.1 Global Buy Now Pay Later (BNPL) Market Regional Overview
    • 8.2 Global Buy Now Pay Later (BNPL) Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Buy Now Pay Later (BNPL) Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030
      • 8.4.1 North America Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030 (USD Billion)
    • 8.5 North America Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030
      • 8.5.1 North America Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030 (USD Billion)
    • 8.6 North America Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030
      • 8.6.1 North America Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Buy Now Pay Later (BNPL) Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030
      • 8.8.1 Europe Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030 (USD Billion)
    • 8.9 Europe Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030
      • 8.9.1 Europe Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030 (USD Billion)
    • 8.10 Europe Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030
      • 8.10.1 Europe Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Buy Now Pay Later (BNPL) Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030
      • 8.12.1 Asia Pacific Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030
      • 8.13.1 Asia Pacific Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030
      • 8.14.1 Asia Pacific Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Buy Now Pay Later (BNPL) Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030
      • 8.16.1 Latin America Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030
      • 8.17.1 Latin America Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030
      • 8.18.1 Latin America Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Buy Now Pay Later (BNPL) Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Buy Now Pay Later (BNPL) Market, by Channel, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Buy Now Pay Later (BNPL) Market, by Organization Size, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Buy Now Pay Later (BNPL) Market, by End-use, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Sezzle
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Klarna Bank AB
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Afterpay
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Laybuy Group Holdings Limited
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Splitit
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Quadpay
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Affirm Holdings Inc.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 PayPal Holdings Inc.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Perpay
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Payl8r (Social Money Ltd.)
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
List Of Figures
  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Buy Now Pay Later (BNPL) Market attractiveness, By Channel
  • 6. Global Buy Now Pay Later (BNPL) Market attractiveness, By Organization Size
  • 7. Global Buy Now Pay Later (BNPL) Market attractiveness, By End-use
  • 8. Global Buy Now Pay Later (BNPL) Market share by Channel, 2022 and 2030 (USD Billion)
  • 9. Global Buy Now Pay Later (BNPL) Market by POS, 2022 – 2030 (USD Billion)
  • 10. Global Buy Now Pay Later (BNPL) Market by Online, 2022 – 2030 (USD Billion)
  • 11. Global Buy Now Pay Later (BNPL) Market share by Organization Size, 2022 and 2030 (USD Billion)
  • 12. Global Buy Now Pay Later (BNPL) Market by SMEs, 2022 – 2030 (USD Billion)
  • 13. Global Buy Now Pay Later (BNPL) Market by Large Enterprises, 2022 – 2030 (USD Billion)
  • 14. Global Buy Now Pay Later (BNPL) Market share by End-use, 2022 and 2030 (USD Billion)
  • 15. Global Buy Now Pay Later (BNPL) Market by Retail, 2022 – 2030 (USD Billion)
  • 16. Global Buy Now Pay Later (BNPL) Market by Consumer Electronics, 2022 – 2030 (USD Billion)
  • 17. Global Buy Now Pay Later (BNPL) Market by Healthcare, 2022 – 2030 (USD Billion)
  • 18. Global Buy Now Pay Later (BNPL) Market by Fashion & Garment, 2022 – 2030 (USD Billion)
  • 19. Global Buy Now Pay Later (BNPL) Market by Leisure & Entertainment, 2022 – 2030 (USD Billion)
  • 20. Global Buy Now Pay Later (BNPL) Market by Others, 2022 – 2030 (USD Billion)
  • 21. Global Buy Now Pay Later (BNPL) Market share, by Region, 2022 and 2030
  • 22. North America Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
  • 23. Europe Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
  • 25. Latin America Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
  • 26. The Middle-East and Africa Buy Now Pay Later (BNPL) Market, 2022 – 2030 (USD Billion)
List Of Tables
  • 1. Global Buy Now Pay Later (BNPL) Market: Snapshot
  • 2. Drivers of the Buy Now Pay Later (BNPL) Market: impact analysis
  • 3. North America Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 4. North America Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 5. North America Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 6. U.S. Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 7. U.S. Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 8. U.S. Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 9. Canada Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 10. Canada Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 11. Canada Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 12. Europe Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 13. Europe Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 14. Europe Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 15. Germany Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 16. Germany Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 17. Germany Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 18. France Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 19. France Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 20. France Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 21. U.K. Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 22. U.K. Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 23. U.K. Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 24. Italy Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 25. Italy Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 26. Italy Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 27. Spain Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 28. Spain Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 29. Spain Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 30. Rest of Europe Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 31. Rest of Europe Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 32. Rest of Europe Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 33. Asia Pacific Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 34. Asia Pacific Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 35. Asia Pacific Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 36. China Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 37. China Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 38. China Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 39. Japan Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 40. Japan Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 41. Japan Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 42. India Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 43. India Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 44. India Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 45. South Korea Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 46. South Korea Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 47. South Korea Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 48. South-East Asia Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 49. South-East Asia Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 50. South-East Asia Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 51. Rest of Asia Pacific Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 52. Rest of Asia Pacific Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 53. Rest of Asia Pacific Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 54. Latin America Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 55. Latin America Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 56. Latin America Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 57. Brazil Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 58. Brazil Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 59. Brazil Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 60. Mexico Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 61. Mexico Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 62. Mexico Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 63. Rest of Latin America Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 64. Rest of Latin America Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 65. Rest of Latin America Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 66. The Middle-East and Africa Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 67. The Middle-East and Africa Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 68. The Middle-East and Africa Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 69. GCC Countries Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 70. GCC Countries Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 71. GCC Countries Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 72. South Africa Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 73. South Africa Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 74. South Africa Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)
  • 75. Rest of Middle-East Africa Buy Now Pay Later (BNPL) Market revenue, By Channel, 2022 – 2030 (USD Billion)
  • 76. Rest of Middle-East Africa Buy Now Pay Later (BNPL) Market revenue, By Organization Size, 2022 – 2030 (USD Billion)
  • 77. Rest of Middle-East Africa Buy Now Pay Later (BNPL) Market revenue, By End-use, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • Sezzle
  • Klarna Bank AB
  • Afterpay
  • Laybuy Group Holdings Limited
  • Splitit
  • Quadpay
  • Affirm Holdings Inc.
  • PayPal Holdings Inc.
  • Perpay
  • Payl8r (Social Money Ltd.)

FAQs

“North America” region will lead the global Buy Now Pay Later (BNPL) market during the forecast period 2022 to 2030.

Key factors driving the buy now pay later market growth include the increasing number of internet users and the numerous benefits of BNPL platforms.

The key players operating in the Buy Now Pay Later (BNPL) market are Sezzle, Klarna Bank AB, Afterpay, Laybuy Group Holdings Limited, Splitit, Quadpay, Affirm Holdings Inc., PayPal Holdings Inc., Perpay, Payl8r (Social Money Ltd.).

The global Buy Now Pay Later (BNPL) market is expanding growth with a CAGR of approximately 22% during the forecast period (2022 to 2030).

The global Buy Now Pay Later (BNPL) market size was valued at USD 16 Billion in 2021 and it is projected to reach around USD 90 Billion by 2030.

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