Market revenue in 2023 | USD 150.6 million |
Market revenue in 2030 | USD 337.5 million |
Growth rate | 12.2% (CAGR from 2023 to 2030) |
Largest segment | Domestic |
Fastest growing segment | International |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Domestic, International |
Key market players worldwide | Barclays PLC, BNP Paribas Act. Cat.A, China Construction Bank Corp Class H, Deutsche Bank AG, Eurobank Ergasias Services And Holdings SA, Hitachi Ltd, HSBC Holdings PLC ADR, Industrial And Commercial Bank Of China Ltd Class H, Kuke Music Holding Ltd ADR, Mizuho Financial Group Inc, Societe Generale SA, Transcontinental Realty Investors Inc |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to factoring services market will help companies and investors design strategic landscapes.
Domestic was the largest segment with a revenue share of 73.17% in 2024. Horizon Databook has segmented the Belgium factoring services market based on domestic, international covering the revenue growth of each sub-segment from 2018 to 2030.
The factoring services market in Belgium is influenced by several factors that contribute to its growth and development. The country's strategic location and its well-established logistics infrastructure make it a hub for international trade and commerce.
This positions Belgian businesses, particularly those engaged in export-oriented industries, to benefit from factoring services as a means of managing cash flow and mitigating financial risks associated with cross-border transactions.
Further, the diverse economy of Belgium, encompassing sectors such as manufacturing, services, and technology, creates a strong demand for flexible financing solutions. Factoring services offer businesses the opportunity to optimize working capital, improve liquidity, and unlock capital tied up in accounts receivable, thereby supporting growth initiatives and enhancing competitiveness in the market.
Horizon Databook provides a detailed overview of country-level data and insights on the Belgium factoring services market , including forecasts for subscribers. This country databook contains high-level insights into Belgium factoring services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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