Canada Buy Now Pay Later Market Report 2023: Projected $8.31 Billion Market by 2028, Spotlighting Afterpay, Sezzle, Affirm, ZIP, PayPal, & Klarna

12 Sep, 2023

Canada Buy Now Pay Later Market Report 2023: Projected $8.31 Billion Market by 2028, Spotlighting Afterpay, Sezzle, Affirm, ZIP, PayPal, & Klarna

The "Canada 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 recently made available through ResearchAndMarkets.com's platform.

According to the report's findings, the Buy Now Pay Later (BNPL) payment method in Canada is set to undergo substantial growth, with expectations of a 51.6% annual increase, leading to a projected total of US$2,133.0 million in 2023.

The BNPL industry in Canada is poised for sustained growth in the medium to long term. It is anticipated that BNPL payment adoption will continue to rise steadily over the forecast period, boasting a Compound Annual Growth Rate (CAGR) of 31.3% during the years 2023 to 2028. Notably, the Gross Merchandise Value (GMV) associated with BNPL transactions in Canada is predicted to surge from US$1,406.7 million in 2022 to an impressive US$8,311.0 million by the year 2028.

This robust growth in the BNPL sector in Canada can be attributed to increased penetration of e-commerce, a trend that has been particularly evident over the past four quarters. To provide a comprehensive analysis of the BNPL industry, the report offers a data-centric approach, presenting detailed insights into market opportunities and associated risks within various retail categories. Featuring over 75 Key Performance Indicators (KPIs) specific to the Canadian market, this report delivers a thorough understanding of the dynamics, size, and forecast of the BNPL market. It also provides valuable market share statistics.

The report further dissects market opportunities based on the type of business model, sales channels (offline and online), and distribution models. Additionally, it offers a snapshot of consumer behavior and the dynamics of retail spending in Canada. KPIs presented in both value and volume terms facilitate an in-depth comprehension of the dynamics shaping the end market.

The research methodology employed adheres to industry best practices, ensuring unbiased analysis. Leveraging a proprietary analytics platform, the report presents an extensive view of emerging business and investment opportunities within the BNPL sector.

Key reasons to consider investing in this report include:

Comprehensive Understanding: Gain a comprehensive understanding of the dynamic BNPL market, identifying key opportunities, major trends, and future forecasts spanning from 2019 to 2028. Vital KPIs such as Gross Merchandise Value, Volume, and Average Value per Transaction are provided to keep you well-informed.
Industry Insights: Evaluate new prospects across a multitude of end-use sectors and obtain insights into market dynamics specific to these sectors. Stay updated with the latest developments in the BNPL market.
Tailored Strategies: Identify growth segments within the market and develop market-specific strategies by assessing market-specific risks and important trends. The report offers a unique blend of quantitative forecasting and innovative insights.
Consumer Insights: Discover and interpret essential KPIs related to Buy Now Pay Later, including consumer spending patterns by age, gender, and income level, based on data derived from a proprietary survey.
Proactive Business Strategies: Develop proactive and lucrative business strategies with the assistance of market intelligence and forward-looking analysis, uncovering BNPL market spending trends and major opportunities within the Canadian landscape.