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Wilmington, Delaware, Nov. 02, 2023 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the South Africa asset-based lending market garnered $601.73 million in 2021, and is estimated to generate $2.27 billion by 2031, manifesting a CAGR of 14.5% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report coverage & details:
Report coverage | Details |
Forecast Period | 2022–2031 |
Base Year | 2021 |
Market Size in 2021 | $601.73 million |
Market Size in 2031 | $2.27 billion |
CAGR | 14.5% |
No. of Pages in Report | 120 |
Segments covered | Type, Interest Rate, and End user |
Drivers | Improving liquidity |
Easier qualification criteria for South Africa asset-based lending | |
Access to large sums of money | |
Opportunities | Technological advancements in South Africa asset-based lending |
Restraints | Higher costs and complexities |
Strict repayment schedule |
Covid-19 Scenario:
- The Covid-19 pandemic had a positive impact on the South Africa asset-based lending market owing the increased demand for loans due to lockdowns.
- Some businesses changed their revolving credit facilities from secured cash-flow-based to asset-based lines of credit due to the financial hardship brought on by the COVID-19 pandemic. These facilities were applicable to businesses in retail, wholesale (such as equipment-rental and food-and-beverage companies), and general distribution, where large quantities of inventory are more typical.
- Thus, the pandemic had a positive impact on the South Africa asset-based lending industry.
The report offers a detailed segmentation of the South Africa asset-based lending market based on type, interest rate, and end user. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
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Based on type, the receivable financing segment contributed to more than two-fifths of the South Africa asset-based lending market revenue in 2021 and is projected to maintain its dominance by 2031. Moreover, the others segment would display the fastest CAGR of 18.1% throughout the forecast period.
By interest rate, the fixed rate segment held the largest share in 2021, garnering around two-thirds of the South Africa asset-based lending market and is expected to dominate the market by 2031. The floating rate segment, on the other hand, would cite the fastest CAGR of 16.3% throughout the forecast period.
On the basis of end user, the large enterprises segment accounted for the highest share in 2021, generating more than three-fifths of the South Africa asset-based lending market and is projected to rule the roost by 2031. However, the small and medium-sized enterprises segment would portray the fastest CAGR of 17.0% during the forecast period.
The key market players analyzed in the South Africa asset-based lending market report include Barclays Bank PLC, White Oak Financial, LLC, First National Bank, African Bank, Citigroup Inc., JPMorgan Chase And Co., Wells Fargo, Investec, and HSBC Bank plc. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, product portfolio, operating segments, and strategic moves of market players to showcase the competitive scenario.
Key benefits for stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the South Africa asset-based lending market analysis from 2022 to 2031 to identify the prevailing South Africa asset-based lending market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders market profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the South Africa asset-based lending market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as South Africa asset-based lending market trends, key players, market segments, application areas, and market growth strategies.
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South Africa Asset-based Lending Market Report Highlights
AspectsDetailsBy Type
- Inventory Financing
- Receivables Financing
- Equipment Financing
- Others
By Interest Rate
- Fixed Rate
- Floating Rate
By End User
- Large Enterprises
- Small and Medium-sized Enterprises
By Key Market Players
- JPMorgan Chase And Co.
- Lloyds Bank
- Barclays Bank PLC
- Wells Fargo
- White Oak Financial, LLC
- First National Bank
- Investec
- African Bank
- Citigroup Inc.
- HSBC Bank plc
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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