Australia Buy Now Pay Later Market Report 2023-2028 Featuring Afterpay, Zippay, OpenPay, Payright, humm, Laybuy, Splitit, Sezzle, Klarna, Paypal, LimePay, Brighte, & Art Money
DUBLIN, Oct. 24, 2023 /PRNewswire/ — The “Australia 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 – Q2 2023 Update” report has been added to ResearchAndMarkets.com’s offering.
Medium to long term growth story of BNPL industry in Australia remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 10.9% during 2023-2028. The BNPL Gross Merchandise Value in the Australia will increase from US$12.4 billion in 2022 to reach US$24.7 billion by 2028.
This comprehensive report offers an in-depth data-centric analysis of the Buy Now Pay Later (BNPL) industry, providing valuable insights into market opportunities and potential risks across a diverse range of retail categories. With over 75 key performance indicators (KPIs) tailored to the country level, this report offers a comprehensive understanding of the dynamic landscape of the BNPL market. It covers critical aspects such as market dynamics, size, forecasts, and market share statistics.
The report breaks down these opportunities by categorizing them based on business models, sales channels (offline and online), and distribution methods. Additionally, it offers a snapshot of consumer behavior and the dynamics of retail spending in Australia. KPIs are presented in both value and volume terms, enabling a thorough comprehension of the market dynamics at play.
In Australia, the BNPL industry has enjoyed favorable conditions for growth. However, it now faces regulatory challenges, with discussions about potential regulation under the National Consumer Credit Protection Act. High-interest rates and rising living costs have also impacted BNPL firms’ operations and consumers’ ability to repay loans. While short-term growth may occur as consumers turn to BNPL options during the holiday season, the market is expected to face ongoing pressure due to macroeconomic and regulatory factors.
The Australian government is considering several options for regulating the BNPL industry, including affordability checks, partial inclusion under the Credit Act, or full regulation alongside credit card providers. This regulatory landscape remains uncertain.
Despite these challenges, BNPL providers are seeking opportunities to expand, particularly in the travel and tourism sector. Collaborations with travel companies like Jetstar and Expedia are emerging to cater to budget-conscious travelers. Moreover, consumers are increasingly using BNPL options to cover essential expenses like groceries and petrol bills, further boosting demand for BNPL products in the short term. However, this usage also raises concerns about the revolving door of debt for consumers.
In conclusion, this report offers a comprehensive overview of the BNPL industry in Australia, covering market dynamics, potential regulatory changes, and trends in consumer behavior and retail spending.
Scope
Australia Buy Now Pay Later Market Share Analysis by Key Players
AfterpayZippayOpenPayPayrighthummLaybuySplititSezzleKlarnaPaypalLimePayBrighteArt Money
Australia BNPL Market Size and Spending Pattern, 2019-2028
Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis
Australia Buy Now Pay Later Revenue Analysis, 2019-2028
Buy Now Pay Later RevenuesBuy Now Pay Later Share by Revenue SegmentsBuy Now Pay Later Revenue by Merchant CommissionBuy Now Pay Later Revenue by Missed Payment Fee RevenueBuy Now Pay Later Revenue by Pay Now & Other Income
Australia Buy Now Pay Later Operational KPIs & Statistics, 2019-2028
Buy Now Pay Later Active Consumer BaseBuy Now Pay Later Bad Debt
Australia BNPL by Purpose, 2019-2028
Convenience – Short Term LoansCredit – Long Term Loans
Australia BNPL by Business Model, 2019-2028
Two-Party (BNPL offered by retailers)Three-Party BNPL Offering
Australia BNPL by Merchant Ecosystem, 2019-2028
Open Loop SystemClosed Loop System
Australia BNPL by Distribution Model Analysis, 2019-2028
StandaloneBanks & Payment Service ProvidersMarketplaces
Australia BNPL Analysis by Channel, 2019-2028
Online ChannelPOS Channel
Australia Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2019-2028
Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis
Australia Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2019-2028
Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis
Australia Buy Now Pay Later in Travel/Entertainment: Market Size and Forecast, 2019-2028
Gross Merchandise Value Trend AnalysisAverage Value per Transaction Trend AnalysisTransaction Volume Trend Analysis
Australia Buy Now Pay Later in Services: Market Size and Forecast, 2019-2028
Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis
Australia Buy Now Pay Later in Automotive: Market Size and Forecast, 2019-2028
Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis
Australia Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2019-2028
Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis
Australia Buy Now Pay Later in Groceries: Market Size and Forecast
Gross Merchandise Value Trend AnalysisAverage Value Per Transaction Trend AnalysisTransaction Volume Trend Analysis
Australia Buy Now Pay Later Analysis by Consumer Attitude and Behaviour
Sales Uplift by Product CategoryShare by Age GroupShare by IncomeShare by GenderAdoption Rationale
For more information about this report visit https://www.researchandmarkets.com/r/s4yp8e
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