The mounting demand for consumer discretionary products such as electronics, furniture, etc., among millennials, coupled with the growing inclination of consumers toward flexible payment alternatives further boosted the growth of the global buy now pay later market.
Buy Now Pay Later Industry Research Report & Global Market Summary:
The Global Buy Now Pay Later Market size was valued at around USD 14.88 billion in 2024 and is projected to reach around USD 31.71 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 16.15% during the forecast period, i.e., 2025-2030.
Since 2018, North America has been undergoing lucrative growth in the global market, due to a high presence of Fintech service providers with a competitive portfolio
Among all end-user age groups, 18-34 segment led the global industry, this is owing to the growing awareness among the millennials & generation Z about the financial advantages such as the reduction in interest rates, long payback period, and ease of credit availability.
Based on Application, consumer electronics seeks comprehensive attention because of rising urbanization and digitalization trends
Online sales channels poised the dominate the industry with flourishing requirements and the adoption of e-commerce platforms to buy a diverse range of products, such as electronics, groceries, clothing, etc.
Higher availability of diverse substitutes and rising interest rates are expected to hinder the industry growth
Inclination toward BNPL for quick and easy transactions propels the exponential growth of the BNPL market worldwide
As indicated in the latest market research report published by Markntel Advisors, titled “Global Buy Now Pay Later Market Research Report: By Sales Channel (Online, Point of Sales), By Application (Healthcare, Clothing & Accessories, Media & Entertainment, Travel & Leisure Consumer Electronics, Others (automotive, retail, etc.)), By End User Age Group (18-34, 35-54, 55 & Above) and Others Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the global office furniture market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Top Players Listed in the Buy Now Pay Later Market Are Given Below
- Klarna,
- Afterpay,
- Affirm Inc.,
- Laybuy Group Holdings Limited,
- PayPal Holding Inc.,
- Kredivo,
- Zip Co. Ltd.,
- Splitit, Sezzel,
- Amazon, Flipkart,
- Scalapay S.R.L.,
- Perpay Inc.,
- Paytm,
- PayI8r, and Others
Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the region?
- How has the industry been evolving in terms of geography & Buy Now Pay Later adoption?
- How has the competition been shaping up across the regions?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
Contact Us:
MarkNtel Advisors
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Email: sales@marknteladvisors.com
Tel No: +1 628 895 8081, +91 120 4278433
Comments