The "United States 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 2024 Update" report has been added to ResearchAndMarkets.com's offering.

BNPL payments in the country are expected to grow by 14.1% on an annual basis to reach US$132.69 billion in 2024.



The medium to long-term growth story of the BNPL industry in the country remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 9.2% during 2024-2029. The BNPL gross merchandise value in the country will increase from US$116.34 billion in 2023 to reach US$205.76 billion by 2029.

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



The United States BNPL industry is growing at an accelerated rate, on the back of rising adoption and usage among consumers. This trend is expected to continue further in 2024, as shoppers are leveraging installment payment options to fund their purchases amid higher inflation. The rising popularity of the payment method means that more players are entering the market with their BNPL products.



Existing players, on the other hand, are forging strategic alliances to widen the distribution of their BNPL product offerings. These initiatives are expected to aid the competitive landscape and innovation of the fast-growing BNPL industry over the medium term. Overall, the publisher maintains a robust growth outlook for the BNPL market in the United States over the next three to four years.

Strategic Collaborations Catalyzing Industry Expansion



In response to growing demand for BNPL solutions, companies are actively forming strategic alliances, a move that diversifies distribution channels and widens the product offering. These partnerships not only enhance the BNPL service network but also stimulate innovation and competitiveness within the marketplace. Companies are actively working to extend the BNPL offering within different sectors, including retail, travel, and fashion, among others, thereby reinforcing the positive growth trajectory of the BNPL ecosystem.



Customer Behavior and Market Penetration



With a changing economic climate, consumers are steadily gravitating towards BNPL schemes, a trend substantiated by significant usage during major shopping events and the continued preference for installment-based financing options. Even a gradual industry pivot from zero-interest models to interest-bearing installment loans has not dampened consumer enthusiasm, as evidenced by the substantial volume of transactions completed using BNPL services.



Competitive Landscape and Future Outlook



The entry of influential tech companies offering BNPL solutions is anticipated to further invigorate market competition. These developments pave the way for innovation in payment modalities and emphasize the transformation of consumer payment behaviors. As major players expand their reach via strategic collaborations and innovative offerings, the BNPL market in the United States is poised for robust growth in the coming years.

In conclusion, the sustained expansion of the BNPL payment industry signifies the shifting dynamics of consumer spending and credit. With the increased penetration of e-commerce and evolving payment preferences, BNPL is becoming an integral component of the retail financial landscape, with strong prospects for continued growth and diversification.



Key Attributes:

Scope



United States BNPL Market Size and Spending Pattern, 2020-2029

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

United States Buy Now Pay Later Revenue Analysis, 2020-2029

• 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

United States Buy Now Pay Later Operational KPIs & Statistics, 2020-2029

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

United States BNPL by Purpose, 2020-2029

• Convenience - Short Term Loans
• Credit - Long Term Loans

United States BNPL by Business Model, 2020-2029

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

United States BNPL by Merchant Ecosystem, 2020-2029

• Open Loop System
• Closed Loop System

United States BNPL by Distribution Model Analysis, 2020-2029

• Standalone
• Banks & Payment Service Providers
• Marketplaces

United States Buy Now Pay Later Market Share Analysis by Key Players

United States BNPL Analysis by Channel, 2020-2029

• Online Channel
• POS Channel

United States Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2020-2029

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

United States Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2020-2029

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

United States Buy Now Pay Later in Travel: Market Size and Forecast, 2020-2029

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

United States Buy Now Pay Later in Media and Entertainment: Market Size and Forecast, 2020-2029

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

United States Buy Now Pay Later in Services: Market Size and Forecast, 2020-2029

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

United States Buy Now Pay Later in Automotive: Market Size and Forecast, 2020-2029

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

United States Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2020-2029

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

United States Buy Now Pay Later in Others: Market Size and Forecast

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

United States 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
• Average Monthly Expense segments

For more information about this report visit https://www.researchandmarkets.com/r/kgyjsl

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