Markntel Advisors’ report, Buy Now Pay Later Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Buy Now Pay Later presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Buy Now Pay Later Market Research Report & 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. The rising demand for consumer discretionary products such as electronics, furniture, etc., among millennials and the growing inclination of consumers towards flexible payment alternatives has elevated the demand for buy now pay later service during the historical years. The easy availability of credit, in contrast to the credit lines with low or minimum interest & easy repayment options, has stimulated the revenue growth of buy now pay later service providers.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/buy-now-pay-later-market.html
Buy Now Pay Later Market Dynamics:
Key Driver-
Growing Adoption of BNPL for Quick & Easy Transactions: The growing propensity of the young age population towards the adoption of digitalized services, owing to advantages such as attractive product offerings, quick & easy account settlements & transactions, have significantly increased the penetration of buy now pay later service providers across the globe. Moreover, an increase in the launch of gaming & smart devices has contributed to attracting millions of youngsters to opt for buy now pay later services as it enables easy access to electronic wallets for quick payments & easy repayments. These factors are conjointly supporting the revenue growth of buy now pay later service providers globally.
Buy Now Pay Later Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Sales Channel
- Online
- Point of Sales
Among the two, the online sales channel captured a dominating share of the Buy Now Pay Later Market during 2018-21. The growing adoption of e-commerce platforms globally to buy a wide range of products, including electronics, groceries, clothing, and accessories, using digitalized banking solutions and services, has significantly contributed to the demand for buy now pay later services from online sales.
By Application
- Healthcare
- Clothing & Accessories
- Media & Entertainment
- Travel & Leisure
- Consumer Electronics
- Others
Of them all, consumer electronics acquired a major Global Buy Now Pay Later Market share during 2020-23. It is one of the rapidly evolving and highly innovative industries, with hundreds of newly launched electronics recorded over a year.
By End User Age Group
- 18-34 years
- 35-54 years
- Above 54 years
The buy now pay later services gained striking momentum among the age group of 18-34, owing to an increase in the 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. Notably, this age group has a mix of consumers ranging from students to early-age working professionals who have limited income & higher utility needs, such as smart devices & other consumer electronics, among others.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific.
Of all regions globally, the North America Buy Now Pay Later Market has been witnessing notable growth since 2018. The higher presence of Fintech service providers with competitive portfolio offerings has made a notable contribution to driving the demand for buy now pay later services across North America.
As indicated in the latest market research report published by Markntel Advisors, “Buy Now Pay Later Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Buy Now Pay Later industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/buy-now-pay-later-market.html
Top Companies Operating in the Buy Now Pay Later Market:
- 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
- Others.
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Other Report:
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- Industrial Coatings Market size is valued at around USD 107.19 billion in 2024& is projected to reach USD 132.18 billion by 2030 along with a 4.30% CAGR.
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
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
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- What are the trends influencing the current scenario of the market?
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- How has the industry been evolving in terms of geography & Buy Now Pay Later Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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