发票融资市场（2026—2031）
Mordor 预计，发票融资市场规模将由2026年的39200亿美元增至2031年的48200亿美元，期间复合年增长率为4.22%。2025年无追索权融资占62.2%，境内业务占78.5%，传统发票融资与保理占87.9%；欧洲最大，亚太地区增长最快。
市场研究正文
规模、增长、细分、驱动因素与关键问题
当前质量分 100.00，审核状态 accepted。结构化字段已按 RoboInd 内容层级组织。
核心结论
Mordor 预计，发票融资市场规模将由2026年的39200亿美元增至2031年的48200亿美元，期间复合年增长率为4.22%。2025年无追索权融资占62.2%，境内业务占78.5%，传统发票融资与保理占87.9%；欧洲最大，亚太地区增长最快。
市场走势
结构化指标
| 指标 | 年份 | 数值 | 性质 |
|---|---|---|---|
| 复合年增长率 | 2031 | 4.22% | 机构预测 |
| 市场规模 | 2026 | USD 3.92 trillion | 机构预测 |
| 市场规模 | 2031 | USD 4.82 trillion | 机构预测 |
细分市场份额
市场结构
| 维度 | 细分项 | 年份 | 份额 |
|---|---|---|---|
| end_user | manufacturing | 2025 | 26.200% |
| enterprise_size | large enterprises | 2025 | 58.300% |
| facility_type | non-recourse invoice financing | 2025 | 62.200% |
| financing_structure | traditional invoice financing and factoring | 2025 | 87.900% |
| geography | Europe | 2025 | 62.100% |
| transaction_scope | domestic invoice financing | 2025 | 78.500% |
关键结论
- end_user 维度中，manufacturing 在 2025 年的公开份额为 26.2%。
- enterprise_size 维度中，large enterprises 在 2025 年的公开份额为 58.3%。
- facility_type 维度中，non-recourse invoice financing 在 2025 年的公开份额为 62.2%。
- financing_structure 维度中，traditional invoice financing and factoring 在 2025 年的公开份额为 87.9%。
- geography 维度中，Europe 在 2025 年的公开份额为 62.1%。
- transaction_scope 维度中，domestic invoice financing 在 2025 年的公开份额为 78.5%。
主要参与者
- Bibby Financial Services
- Tradewind Finance
- eCapital
- Lloyds Bank Commercial Finance
- BNP Paribas Factor
增长驱动因素
| 因素 | 影响 CAGR | 地区相关性 | 影响周期 |
|---|---|---|---|
| SME Working Capital Gaps Across Buyer-Supplier Networks | +1.200% | Global, with intensity in Asia-Pacific, Middle East and Africa, and South America | Short term (≤ 2 years) |
| Shift From Bank Overdrafts to Receivables-Backed Liquidity | +0.800% | North America and Europe, spreading to Asia-Pacific | Medium term (2-4 years) |
| Embedded Financing in B2B Procurement and ERP Platforms | +0.500% | North America, Europe, and Asia-Pacific | Medium term (2-4 years) |
| Cross-Border Trade and Multi-Currency Receivables | +0.500% | Asia-Europe corridors, the Americas, and global markets | Medium term (2-4 years) |
| Digital Underwriting, Open Banking, and API Credit Decisions | +0.400% | Europe, Asia-Pacific, and North America | Long term (≥ 4 years) |
| Demand for Balance-Sheet-Light Liquidity | +0.400% | Europe, North America, and Asia-Pacific | Medium term (2-4 years) |
市场制约因素
| 因素 | 影响 CAGR | 地区相关性 | 影响周期 |
|---|---|---|---|
| Customer Concentration Risk in Large Buyer Portfolios | -0.500% | Global, most acute in the United Kingdom, Germany, and North America | Medium term (2-4 years) |
| Credit Discipline Under Delinquent or Volatile Payment Cycles | -0.400% | Asia-Pacific, North America, and Middle East and Africa | Medium term (2-4 years) |
| Limited Adoption Among Informal and Low-Documentation SMEs | -0.400% | Middle East and Africa, South Asia, and South America | Long term (≥ 4 years) |
| Legal and Enforcement Frictions in Receivables Assignment | -0.200% | Cross-border corridors, Middle East and Africa, and Asia-Pacific | Long term (≥ 4 years) |
报告关注的关键问题
What is invoice financing?
Invoice financing allows a business to obtain funding against outstanding customer invoices rather than waiting for the buyer to pay.
How large is the invoice financing market?
The invoice financing market is projected to rise from USD 3.92 trillion in 2026 to USD 4.82 trillion by 2031 at a 4.2% CAGR.
Which facility type leads receivables financing?
Non-recourse invoice financing led with 62.2% revenue share in 2025 and is projected to grow at a 5.1% CAGR through 2031.
Why is reverse factoring growing faster?
Reverse factoring uses the buyer's credit profile to finance suppliers and is projected to expand at an 8.9% CAGR through 2031.
Which region has the largest share of receivables financing?
Europe held 62.1% share in 2025, supported by established factoring systems and extensive corporate use of receivables finance.
How does TReDS support MSME financing in India?
TReDS provides a platform for financiers to bid on MSME invoices, while the 2026 RBI directions expanded credit guarantee support and public-sector participation.
市场概览
- 增长最快市场：亚太地区
- 最大市场：欧洲
- 市场集中度：低
查看来源：Mordor Intelligence