Peer to Peer Lending Market 2022 | Business Analysis and Evolutionary Growth

Peer to Peer Lending Market was valued at $26,064 million in 2015 and is projected to reach $460,312 million by 2022, growing at a CAGR of 51.5% from 2016 to 2022. In 2015, small business loans dominated the market, whereas consumer credit loans are anticipated to grow at a robust rate, in terms of market share.

With the advancement in technology, globalization and other international developments on alternative marketplace lending and emerging micro-lending trends in poor countries continue to reduce the number, size, and role of business intermediates

Increase in awareness about the benefits of peer to peer lending market, greater money transparency, higher returns to investors, lower interest rates for borrowers, rise in small business loans, consumer credit loans and increasing Chinese P2P lending market share are the major factors that drive the market growth. Global players such as LendingClub Limited, Prosper. Inc. and Zopa have come up with user-friendly online lending platforms to cater to customers and expand their market share. Additionally, these players have kept their lending interest rates lower than traditional banks and offer a better return to investors.

Alternative marketplace lending or P2P lending market, which is also referred to as social lending, person-to-person lending, microfinance, and microloans, is a non-traditional form of lending money. Alternative marketplace lending is in contrast with the traditional lending method, where the bank or other financial institution offer loans to individuals or small and medium businesses.

Small business loan segment, under end-user type, accounted for 32% of the overall peer to peer lending market in 2015, followed by student loans. Additionally, consumer credit loans segment has high growth potential and is anticipated to grow at a CAGR of 52.6% during the forecast period. Growth in small scale business in developing economies, lower market risks and loan availability for small debt payoffs, thus driving the growth of the small business loan segment across the world.

Key players profiled in this report include LendingClub Corporation (U.S.), Funding Circle Limited (London), Prosper Marketplace, Inc. (U.S.), Circleback Lending, Inc. (U.S.), Social Finance, Inc. (U.S.), Zopa Limited (London), Avant, Inc. (U.S.), onDeck Capital, Inc.(U.S.), RateSetter (London), Kabbage (U.S.).

North America generated the highest revenue in 2015 and is projected to dominate the market throughout the analysis period. However, Asia-Pacific is expected to witness the fastest growth rate, owing to emerging economies such as China.

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