China Buy Now Pay Later Market Report 2023: A $191 Billion Industry by 2028 - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics

Rhea-AI Summary

The latest report on the China Buy Now Pay Later (BNPL) market highlights a robust growth forecast, estimating that BNPL payments will reach US$116,110.2 million in 2023, reflecting a 19.2% annual growth rate. The sector is projected to grow at a CAGR of 10.5% from 2023 to 2028, with the Gross Merchandise Value expected to rise from US$97,384.7 million in 2022 to US$191,165.0 million by 2028. The report provides over 75 KPIs, analyzing market dynamics, opportunities, and consumer behavior, offering insights for stakeholders about the evolving BNPL landscape in China.

Positive

• BNPL payments in China projected to reach US$116,110.2 million in 2023, a 19.2% growth.
• CAGR of 10.5% expected for the BNPL sector from 2023 to 2028.
• Gross Merchandise Value forecast to rise from US$97,384.7 million in 2022 to US$191,165.0 million by 2028.
• Comprehensive report includes over 75 KPIs for detailed market insights.

Negative

• None.

DUBLIN, Feb. 10, 2023 /PRNewswire/ -- The "China Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

BNPL payments are expected to grow by 19.2% on an annual basis to reach US$116,110.2 million in 2023.

The BNPL payment industry in China has recorded strong growth over the last four quarters, supported by increased ecommerce penetration.

Medium to long term growth story of BNPL industry in China remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 10.5% during 2023-2028. The BNPL Gross Merchandise Value in the country will increase from US$97,384.7 million in 2022 to reach US$191,165.0 million by 2028.

This report provides a detailed data centric analysis of Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics.

It breaks down market opportunity by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spend dynamics in China. KPIs in both value and volume term help in getting in-depth understanding of end market dynamics.

The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

Reasons to buy

• Get a comprehensive understanding of market dynamics for Buy Now Pay Later: Identify market opportunities, major trends, and forecasting (2019-2028). Understand market trends through crucial KPIs like Gross Merchandise Value, Volume, and Average Value per Transaction, to stay ahead of the curve.
• Insights by end-use sectors: Evaluate new opportunities across multiple end-use sectors, and obtain market dynamics by end-use sectors in order to swiftly catch up with the latest and upcoming developments in BNPL markets.
• Market-specific strategies: Identify growth segments focused on specific opportunities, and analysing market-specific risks and important trends in the BNPL sector with our exclusive blend of quantitative forecasting and innovative insights.
• Gain knowledge of consumer attitudes and actions: This report identifies and interprets important Buy Now Pay Later KPIs, such as spend by age, gender, and income level, using data from a proprietary survey.
• Develop proactive and lucrative business strategies through market intelligence and forward-looking analysis of BNPL market spend and major opportunities in China.

Scope

China Buy Now Pay Later Market Share Analysis by Key Players

• Tencent
• JD Finance
• Alipay
• Huabei
• Baitiao
• Happay
• AsiaPay
• Atome
• Splitit
• UnionPay International
• LexinFintech
• Afterpay
• Fen Fu

China BNPL Market Size and Spending Pattern, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

China Buy Now Pay Later Revenue Analysis, 2019-2028

• Buy Now Pay Later Revenues
• Buy Now Pay Later Share by Revenue Segments
• Buy Now Pay Later Revenue by Merchant Commission
• Buy Now Pay Later Revenue by Missed Payment Fee Revenue
• Buy Now Pay Later Revenue by Pay Now & Other Income

China Buy Now Pay Later Operational KPIs & Statistics, 2019-2028

• Buy Now Pay Later Active Consumer Base
• Buy Now Pay Later Bad Debt

China BNPL by Purpose, 2019-2028

• Convenience - Short Term Loans
• Credit - Loan Term Loans

China BNPL by Business Model, 2019-2028

• Two-Party (BNPL offered by retailers)
• Three-Party BNPL Offering

China BNPL by Merchant Ecosystem, 2019-2028

• Open Loop System
• Closed Loop System

China BNPL by Distribution Model Analysis, 2019-2028

• Standalone
• Banks & Payment Service Providers
• Marketplaces

China BNPL Analysis by Channel, 2019-2028

• Online Channel
• POS Channel

China Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

China Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

China Buy Now Pay Later in Travel/Entertainment: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value per Transaction Trend Analysis
• Transaction Volume Trend Analysis

China Buy Now Pay Later in Services: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

China Buy Now Pay Later in Automotive: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

China Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2019-2028

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

China Buy Now Pay Later in Groceries: Market Size and Forecast

• Gross Merchandise Value Trend Analysis
• Average Value Per Transaction Trend Analysis
• Transaction Volume Trend Analysis

China Buy Now Pay Later Analysis by Consumer Attitude and Behaviour

• Sales Uplift by Product Category
• Share by Age Group
• Share by Income
• Share by Gender
• Adoption Rationale

For more information about this report visit https://www.researchandmarkets.com/r/xbfu3g-buy-now-pay?w=5

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FAQ

What is the projected growth of the BNPL market in China by 2028?

The BNPL market in China is projected to grow to US$191,165.0 million by 2028.

What is the expected annual growth rate for BNPL payments in China in 2023?

BNPL payments in China are expected to grow by 19.2% in 2023.

What is the CAGR for the BNPL industry in China from 2023 to 2028?

The BNPL industry in China is expected to have a CAGR of 10.5% from 2023 to 2028.

How many KPIs does the report provide about the China BNPL market?

The report provides over 75 KPIs related to the China BNPL market.

What is the expected Gross Merchandise Value for BNPL in China for 2023?

The expected Gross Merchandise Value for BNPL in China for 2023 is US$116,110.2 million.