Dublin, Nov. 20, 2023 (GLOBE NEWSWIRE) -- The "United States Alternative Lending Market Business and Investment Opportunities Databook - 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.
The U.S. alternative lending market is forecast to grow by 17.5% on annual basis to reach US$256,842.4 million in 2023.
Medium to long term growth story of alternative lending in United States remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 13.5% during 2023-2027. The alternative lending market in the country will increase from US$218,617.3 million in 2022 to reach US$426,663.6 million by 2027.
Americans are borrowing more to cope with rising inflation and soaring cost of living. With the Federal Reserve hiking rates consistently over the last few quarters, traditional borrowing has become significantly expensive compared to the time during the pandemic outbreak. The alternative lending segment is expected to benefit from this, as consumers look for more affordable and conveniently available short-term loans.
Amid the growing demand, which is poised to accelerate further in 2023, firms are expected to raise capital from venture capital and private equity firms to offer credit to underbanked customers in the United States. Furthermore, domestic players are also projected to expand their geographical presence, as the alternative lending market is poised for accelerated growth in the global market.
Firms are raising capital to offer credit services to more underbanked and unbanked consumers in the United States
With consumers struggling to cover their bills as pandemic savings run out, the demand for credit has been on the surge amid the current macroeconomic environment. To serve the underbanked and unbanked section of the community, who do not have easy access to credit cards and traditional borrowing, alternative lending providers are raising capital rounds.
In addition to alternative lenders, infrastructure providers are also raising funding rounds to accelerate their expansion. As the market continues to record accelerated growth in the United States, the publisher expects more venture capital and private equity funding to enter the fast-growing fintech sector. This will further drive the competitive landscape in the United States' alternative lending industry.
Domestic lending automation platforms are expanding their global presence to drive accelerated growth
The demand for credit is expected to grow significantly in the global market due to rising inflation and the interest rate environment. This, in turn, will accelerate the number of players entering the alternative lending market in 2023. To offer infrastructure to such players, United States-based lending automation platforms are expanding their global presence in the European region, where inflation has reached multi-year highs.
Report Scope
This report provides in-depth data-centric analysis of Alternative Lending industry in United States through 127 tables and 150 charts. Below is a summary of key market segments:
United States Economic Indicators
- Gross Domestic Product at Current Prices
- Population
- Unbanked Population
- Unemployment Rate
- Loan Default Rate
United States Alternative Lending Market Size and Forecast
- Transaction Value
- Average Transaction Value
- Transaction Volume
United States Alternative Lending Market Size and Forecast by End User
- End User - Business
- End User - Consumer
United States Alternative Lending Market Size and Forecast by Finance Models
- P2P Marketplace Consumer Lending
- P2P Marketplace Business Lending
- P2P Marketplace Property Lending
- Balance Sheet Consumer Lending
- Balance Sheet Business Lending
- Balance Sheet Property Lending
- Invoice Trading
- Debt Based Securities
- Equity Based Crowd Funding
- Real Estate Crowd funding
United States Alternative Lending Market Size and Forecast by Payment Instrument - Transaction Value, Volume and Average Value
United States Alternative Lending Market Size and Forecast by Payment Instrument to Model
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Consumer Lending
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending
Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading
Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities
Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding
Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding
United States Alternative Lending Market Size and Forecast by Loan Types
- B2C Loans
- Personal Loan
- Payroll Advance
- Home Improvement
- Education/Student Loans
- Point of Sale
- Auto Loans
- Medical Loans
- B2B Loans
- Lines of Credit
- Merchant Cash Advance
- Invoice Factoring
- Revenue Financing
United States Alternative Lending Analysis by Consumer Attitude and Behaviour
- By Age
- By Income
- Gender
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 164 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $254.2 Billion |
| Forecasted Market Value (USD) by 2027 | $354.5 Billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | United States |
For more information about this report visit https://www.researchandmarkets.com/r/m3mfas
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