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Global Micro Lending Market: By Provider: Banks, Micro Finance Institute, NBFC (Non-Banking Financial Institutions), Others; By End User: Small Enterprises, Micro Enterprises, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Micro Lending Market Outlook

The global micro lending market attained a value of about USD 152 billion in 2020. The market is further expected to grow at a CAGR of 13% during the forecast period of 2021-2026 to reach USD 316 billion by 2026.

 

Growing Penetration of Micro Lending Firms in the Asia Pacific Region to Drive the Market Growth

The Asia Pacific has presented lucrative growth opportunities for the micro lending industry due to the surge in the number of startups within the region. Micro lending in the developing countries of the Asia Pacific has provided significant opportunities to small enterprises and self-employed entrepreneurs to expand business. Micro lending operates on low risk, which is robustly driving its adoption within the emerging countries of the Asia Pacific region.

 

Global Micro Lending Market

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Furthermore, as micro, small, and medium-sized enterprises play a vital role in the economic development, their robust development has further driven the growth of micro lending institutions that cater to these organisations. Government measures to aid in economic development with plans such as Make in India are further providing healthy growth opportunities for micro lending firms within the region. Such factors are expected to continue to support the market growth of micro lending in the Asia Pacific in the coming years.

 

Micro Lending: Industry Definition and Segmentation

Micro lending refers to a form of financing that provides small amounts of money to self-employed entrepreneurs in small businesses or startups to help them manage their business with ease.

Based on provider, the market can be segmented into:

  • Banks
  • Micro Finance Institute
  • NBFC (Non-Banking Financial Institutions)
  • Others

On the basis of end user, the market can be divided into:

  • Small Enterprises
  • Micro Enterprises
  • Solo Entrepreneurs and Self Employed

The EMR report looks into the regional markets of micro lending like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.

 

Ease in Operations with Increased Digitisation to Augment the Market Growth of Micro Lending

Technological advancements in the banking sector like digitisation are bolstering the market growth, owing to the consequent enhancement in the security and functioning of the institutions. Increased connectivity and technological innovations that offer a multitude of developmental benefits have further boosted the market growth.  In addition, the rising availability of mobile phones to access financial services through mobile credit and e-wallets are also invigorating the market growth of micro lending, especially in areas with low penetration of banks.  Through digital technology, loans can be easily repaid, avoiding cash-related risks, which is leading to an increase in digitisation across the market and is projected to drive the market growth in the coming years. The cost reduction and increased efficiency as a result of heightened digitisation are also projected to accelerate the market growth over the forecast period.

 

Key Industry Players in the Global Micro Lending Market

The report presents a detailed analysis of the following key players in the global micro lending market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • BlueVine Inc.
  • Kabbage, Inc
  • StreetShares, Inc.
  • On Deck Capita Inc.
  • Lendino, Inc
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Provider, End User, Region
Breakup by Provider Banks, Micro Finance Institute, NBFC (Non-Banking Financial Institutions), Others
Breakup by End User Small Enterprises, Micro Enterprises, Solo Entrepreneurs and Self Employed
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BlueVine Inc., Kabbage, Inc., StreetShares, Inc., On Deck Capital, Inc., Lendio, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Micro Lending Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Micro Lending Historical Market (2016-2020) 
    8.3    Global Micro Lending Market Forecast (2021-2026)
    8.4    Global Micro Lending Market by Provider
        8.4.1    Banks
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Micro Finance Institute
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    NBFC (Non-Banking Financial Institutions)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Micro Lending Market by End User
        8.5.1    Small Enterprises 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Micro Enterprises 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Solo Entrepreneurs and Self Employed 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Micro Lending Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    BlueVine Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Kabbage, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    StreetShares, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    On Deck Capital, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Lendio, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Micro Lending Market: Key Industry Highlights, 2016 and 2026
2.    Global Micro Lending Historical Market: Breakup by Provider (USD Million), 2016-2020
3.    Global Micro Lending Market Forecast: Breakup by Provider (USD Million), 2021-2026
4.    Global Micro Lending Historical Market: Breakup by End User (USD Million), 2016-2020
5.    Global Micro Lending Market Forecast: Breakup by End User (USD Million), 2021-2026
6.    Global Micro Lending Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Micro Lending Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Global Micro Lending Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Global Micro Lending Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Global Micro Lending Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Global Micro Lending Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Global Micro Lending Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Global Micro Lending Market Structure

Key Questions Answered in the Report

The micro lending market attained a value of nearly USD 152 billion in 2020.

The market is projected to grow at a CAGR of 13% in the forecast period of 2021-2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 316 billion by 2026.

The growth in microfinancing to aid small and medium enterprises owing to favourable government campaigns in India is driving the industry growth.

The growing integration of technology to digitise the microlending process to provide enhanced security is augmenting the market growth.

The major regional markets for micro lending are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The leading providers of micro lending in the industry are banks, micro finance institutes, and NBFC (non-banking finance institutes), among others.

The significant end users of micro lending in the market are small enterprises, micro enterprises, and solo entrepreneurs and self-employed.

The major players in the industry are BlueVine, Inc., Kabbage, Inc., SteetShares Inc., On Deck Capita Inc., and Lendino, Inc., among others

Analyst Review

The global micro lending market attained a value of about USD 152 billion, driven by the rising introduction of favourable government campaigns to support small enterprises. Aided by the increasing digitisation within the finance sector, the market is expected to grow at a CAGR of 13% in the forecast period of 2021-2026 to reach USD 316 billion by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of providers, the market can be divided into banks, micro finance institutes, and NBFC (Non-Banking Finance Institutes), among others. On the basis of end user, the market can be divided into small enterprises, micro enterprises, and solo entrepreneurs and self-employed. The major regional markets for micro lending are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are BlueVine, Inc., Kabbage, Inc., SteetShares Inc., On Deck Capita Inc., and Lendino, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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