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Asset-based Lending Market Share

Report ID: GMI10085
Published Date: Jul 2024
Report Format: PDF

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Asset-based Lending Market Share

Wells Fargo and Bank of America held a significant share of over 10% in the ABL industry. Wells Fargo's wide network and market reach allow them to command a substantial part of the ABL industry. Wells Fargo has access to a broad range of businesses across different industries and geographic locations as it has one of the largest branch networks in the country. The bank is a desirable choice for companies looking for asset-based loans due to its broad reach and solid financial standing, which enable it to provide competitive rates and terms.

To further address the requirements of businesses, Wells Fargo has a specialized team that specializes in ABL and offers customized solutions and knowledgeable guidance. Considering the bank's investments in cutting-edge technology and reliable digital services, its ABL offers are more effective and accessible, enabling customers to manage their loans.

The substantial market position that Bank of America holds in the ABL sector may be ascribed to its wide range of financial offerings, extensive worldwide reach, and reputable brand. Bank of America draws customers that desire integrated solutions that handle various financial demands by providing a wide range of financial products including ABL. The bank has a competitive advantage in the asset-based lending market owing to its cross-border operations and worldwide activities, which enable it to service multinational firms and businesses with global operations.

Bank of America's concentration on middle-market businesses and major corporations guarantees that they serve important markets that require significant ABL capacity. Additionally, companies looking for a reliable loan partner are drawn to the bank by its strong brand and solid reputation for stability and dependability. Constant investments in digital innovation and technology advances improve the customer experience.

Asset-based Lending Market Companies

Major players operating in the ABL industry are:

Wells Fargo
Bank of America
JP Morgan Chase & Co.
Citizens Bank
PNC Bank
KeyBank
Capital One Bank

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of asset-based lending reached USD 661.7 billion in 2023 and is set to record a CAGR of over 11% between 2024 and 2032, due to the surge in demand for working capital.

The inventory financing segment is expected to register a CAGR of over 12% through 2032, as businesses increasingly recognize the value of their inventory as collateral for securing loans, which provides a flexible and cost-effective solution to manage their working capital.

Asia Pacific market accounted a revenue share of over 35% in 2023, due to the region's rapid economic growth, dynamic business environment, and developing financial infrastructure.

Wells Fargo, Bank of America, JP Morgan Chase & Co., Citizens Bank, PNC Bank, KeyBank, and Capital One Bank.