diff --git a/src/main/java/com/fasterxml/jackson/databind/ObjectMapper.java b/src/main/java/com/fasterxml/jackson/databind/ObjectMapper.java
index a6b4ad0e7f..3ee7da24d4 100644
--- a/src/main/java/com/fasterxml/jackson/databind/ObjectMapper.java
+++ b/src/main/java/com/fasterxml/jackson/databind/ObjectMapper.java
@@ -2297,6 +2297,7 @@ public ObjectMapper setCacheProvider(CacheProvider cacheProvider) {
         _serializationConfig = _serializationConfig.with(cacheProvider);
         _deserializationContext = _deserializationContext.withCaches(cacheProvider);
         _serializerProvider = _serializerProvider.withCaches(cacheProvider);
+        _typeFactory = _typeFactory.withCaches(cacheProvider);
         return this;
     }
 
diff --git a/src/main/java/com/fasterxml/jackson/databind/cfg/CacheProvider.java b/src/main/java/com/fasterxml/jackson/databind/cfg/CacheProvider.java
index b261053cfb..ab9b6c31dc 100644
--- a/src/main/java/com/fasterxml/jackson/databind/cfg/CacheProvider.java
+++ b/src/main/java/com/fasterxml/jackson/databind/cfg/CacheProvider.java
@@ -22,11 +22,19 @@ public interface CacheProvider
      * @return {@link LookupCache} instance for constructing {@link DeserializerCache}.
      */
     LookupCache<JavaType, JsonDeserializer<Object>> forDeserializerCache(DeserializationConfig config);
-    
+
     /**
      * Method to provide a {@link LookupCache} instance for constructing {@link com.fasterxml.jackson.databind.ser.SerializerCache}.
      *
      * @return {@link LookupCache} instance for constructing {@link com.fasterxml.jackson.databind.ser.SerializerCache}.
      */
     LookupCache<TypeKey, JsonSerializer<Object>> forSerializerCache(SerializationConfig config);
+
+    /**
+     * Method to provide a {@link LookupCache} instance for constructing {@link com.fasterxml.jackson.databind.type.TypeFactory}.
+     *
+     * @return {@link LookupCache} instance for constructing {@link com.fasterxml.jackson.databind.type.TypeFactory}.
+     */
+    LookupCache<Object, JavaType> forTypeFactory();
+
 }
diff --git a/src/main/java/com/fasterxml/jackson/databind/cfg/DefaultCacheProvider.java b/src/main/java/com/fasterxml/jackson/databind/cfg/DefaultCacheProvider.java
index 02fdf7824d..f75b708e1e 100644
--- a/src/main/java/com/fasterxml/jackson/databind/cfg/DefaultCacheProvider.java
+++ b/src/main/java/com/fasterxml/jackson/databind/cfg/DefaultCacheProvider.java
@@ -3,6 +3,7 @@
 import com.fasterxml.jackson.databind.*;
 import com.fasterxml.jackson.databind.deser.DeserializerCache;
 import com.fasterxml.jackson.databind.ser.SerializerCache;
+import com.fasterxml.jackson.databind.type.TypeFactory;
 import com.fasterxml.jackson.databind.util.LRUMap;
 import com.fasterxml.jackson.databind.util.LookupCache;
 import com.fasterxml.jackson.databind.util.TypeKey;
@@ -21,7 +22,7 @@ public class DefaultCacheProvider
     private static final long serialVersionUID = 1L;
 
     private final static DefaultCacheProvider DEFAULT
-        = new DefaultCacheProvider(DeserializerCache.DEFAULT_MAX_CACHE_SIZE, SerializerCache.DEFAULT_MAX_CACHE_SIZE);
+        = new DefaultCacheProvider(DeserializerCache.DEFAULT_MAX_CACHE_SIZE, SerializerCache.DEFAULT_MAX_CACHE_SIZE, TypeFactory.DEFAULT_MAX_CACHE_SIZE);
 
     /**
      * Maximum size of the {@link LookupCache} instance constructed by {@link #forDeserializerCache(DeserializationConfig)}.
@@ -36,17 +37,25 @@ public class DefaultCacheProvider
      * @see Builder#maxSerializerCacheSize(int)
      */
     protected final int _maxSerializerCacheSize;
-    
+
+    /**
+     * Maximum size of the {@link LookupCache} instance constructed by {@link #forTypeFactory()}.
+     *
+     * @see Builder#maxTypeFactoryCacheSize(int)
+     */
+    protected final int _maxTypeFactoryCacheSize;
+
     /*
     /**********************************************************************
     /* Life cycle
     /**********************************************************************
      */
 
-    protected DefaultCacheProvider(int maxDeserializerCacheSize, int maxSerializerCacheSize)
+    protected DefaultCacheProvider(int maxDeserializerCacheSize, int maxSerializerCacheSize, int maxTypeFactoryCacheSize)
     {
         _maxDeserializerCacheSize = maxDeserializerCacheSize;
         _maxSerializerCacheSize = maxSerializerCacheSize;
+        _maxTypeFactoryCacheSize = maxTypeFactoryCacheSize;
     }
 
     /*
@@ -84,6 +93,11 @@ public LookupCache<TypeKey, JsonSerializer<Object>> forSerializerCache(Serializa
         return _buildCache(_maxSerializerCacheSize);
     }
 
+    @Override
+    public LookupCache<Object, JavaType> forTypeFactory() {
+        return _buildCache(_maxTypeFactoryCacheSize);
+    }
+
     /*
     /**********************************************************
     /* Overridable factory methods
@@ -127,11 +141,19 @@ public static class Builder {
          */
         private int _maxSerializerCacheSize;
 
+        /**
+         * Maximum Size of the {@link LookupCache} instance created by {@link #forTypeFactory()}.
+         * Corresponds to {@link DefaultCacheProvider#_maxTypeFactoryCacheSize}.
+         */
+        private int _maxTypeFactoryCacheSize;
+
         Builder() { }
 
         /**
          * Define the maximum size of the {@link LookupCache} instance constructed by {@link #forDeserializerCache(DeserializationConfig)}
          * and {@link #_buildCache(int)}.
+         * <p>
+         * Note that specifying a maximum size of zero prevents values from being retained in the cache.
          *
          * @param maxDeserializerCacheSize Size for the {@link LookupCache} to use within {@link DeserializerCache}
          * @return this builder
@@ -149,6 +171,8 @@ public Builder maxDeserializerCacheSize(int maxDeserializerCacheSize) {
         /**
          * Define the maximum size of the {@link LookupCache} instance constructed by {@link #forSerializerCache(SerializationConfig)}
          * and {@link #_buildCache(int)}
+         * <p>
+         * Note that specifying a maximum size of zero prevents values from being retained in the cache.
          *
          * @param maxSerializerCacheSize Size for the {@link LookupCache} to use within {@link SerializerCache}
          * @return this builder
@@ -163,13 +187,31 @@ public Builder maxSerializerCacheSize(int maxSerializerCacheSize) {
             return this;
         }
 
+        /**
+         * Define the maximum size of the {@link LookupCache} instance constructed by {@link #forTypeFactory()}
+         * and {@link #_buildCache(int)}
+         * <p>
+         * Note that specifying a maximum size of zero prevents values from being retained in the cache.
+         *
+         * @param maxTypeFactoryCacheSize Size for the {@link LookupCache} to use within {@link com.fasterxml.jackson.databind.type.TypeFactory}
+         * @return this builder
+         * @throws IllegalArgumentException if {@code maxTypeFactoryCacheSize} is negative
+         */
+        public Builder maxTypeFactoryCacheSize(int maxTypeFactoryCacheSize) {
+            if (maxTypeFactoryCacheSize < 0) {
+                throw new IllegalArgumentException("Cannot set maxTypeFactoryCacheSize to a negative value");
+            }
+            _maxTypeFactoryCacheSize = maxTypeFactoryCacheSize;
+            return this;
+        }
+
         /**
          * Constructs a {@link DefaultCacheProvider} with the provided configuration values, using defaults where not specified.
          *
          * @return A {@link DefaultCacheProvider} instance with the specified configuration
          */
         public DefaultCacheProvider build() {
-            return new DefaultCacheProvider(_maxDeserializerCacheSize, _maxSerializerCacheSize);
+            return new DefaultCacheProvider(_maxDeserializerCacheSize, _maxSerializerCacheSize, _maxTypeFactoryCacheSize);
         }
     }
 }
diff --git a/src/main/java/com/fasterxml/jackson/databind/type/TypeFactory.java b/src/main/java/com/fasterxml/jackson/databind/type/TypeFactory.java
index 93c3c976fc..aa20eafdc3 100644
--- a/src/main/java/com/fasterxml/jackson/databind/type/TypeFactory.java
+++ b/src/main/java/com/fasterxml/jackson/databind/type/TypeFactory.java
@@ -12,6 +12,7 @@
 import com.fasterxml.jackson.core.type.TypeReference;
 import com.fasterxml.jackson.databind.JavaType;
 import com.fasterxml.jackson.databind.JsonNode;
+import com.fasterxml.jackson.databind.cfg.CacheProvider;
 import com.fasterxml.jackson.databind.util.ArrayBuilders;
 import com.fasterxml.jackson.databind.util.ClassUtil;
 import com.fasterxml.jackson.databind.util.LRUMap;
@@ -70,6 +71,15 @@ public class TypeFactory // note: was final in 2.9, removed from 2.10
 {
     private static final long serialVersionUID = 1L;
 
+    /**
+     * Default size used to construct {@link #_typeCache}.
+     *
+     * Used to be passed inline.
+     *
+     * @since 2.16
+     */
+    public static final int DEFAULT_MAX_CACHE_SIZE = 200;
+
     private final static JavaType[] NO_TYPES = new JavaType[0];
 
     /**
@@ -178,7 +188,7 @@ public class TypeFactory // note: was final in 2.9, removed from 2.10
      */
 
     private TypeFactory() {
-        this(new LRUMap<>(16, 200));
+        this(new LRUMap<>(16, DEFAULT_MAX_CACHE_SIZE));
     }
 
     /**
@@ -198,7 +208,7 @@ protected TypeFactory(LookupCache<Object,JavaType> typeCache, TypeParser p,
                           TypeModifier[] mods, ClassLoader classLoader)
     {
         if (typeCache == null) {
-            typeCache = new LRUMap<>(16, 200);
+            typeCache = new LRUMap<>(16, DEFAULT_MAX_CACHE_SIZE);
         }
         _typeCache = typeCache;
         // As per [databind#894] must ensure we have back-linkage from TypeFactory:
@@ -260,11 +270,23 @@ public TypeFactory withCache(LRUMap<Object,JavaType> cache)  {
      * bigger maximum size.
      *
      * @since 2.12
+     * @deprecated Since 2.16. Use {@link #withCaches(CacheProvider)} instead.
      */
     public TypeFactory withCache(LookupCache<Object,JavaType> cache)  {
         return new TypeFactory(cache, _parser, _modifiers, _classLoader);
     }
 
+    /**
+     * Mutant factory method that will construct a new {@link TypeFactory}
+     * with cache instances provided by {@link CacheProvider}.
+     *
+     * @since 2.16
+     */
+    public TypeFactory withCaches(CacheProvider cacheProvider) {
+        return new TypeFactory(cacheProvider.forTypeFactory(),
+                _parser, _modifiers, _classLoader);
+    }
+
     /**
      * Method used to access the globally shared instance, which has
      * no custom configuration. Used by {@code ObjectMapper} to
diff --git a/src/test/java/com/fasterxml/jackson/databind/cfg/CacheProviderTest.java b/src/test/java/com/fasterxml/jackson/databind/cfg/CacheProviderTest.java
index 9841997695..48222810bd 100644
--- a/src/test/java/com/fasterxml/jackson/databind/cfg/CacheProviderTest.java
+++ b/src/test/java/com/fasterxml/jackson/databind/cfg/CacheProviderTest.java
@@ -5,6 +5,7 @@
 import com.fasterxml.jackson.databind.util.LRUMap;
 import com.fasterxml.jackson.databind.util.LookupCache;
 import com.fasterxml.jackson.databind.util.TypeKey;
+import java.util.List;
 import org.junit.Test;
 
 import java.util.HashMap;
@@ -90,6 +91,11 @@ public LookupCache<JavaType, JsonDeserializer<Object>> forDeserializerCache(Dese
             return _cache;
         }
 
+        @Override
+        public LookupCache<Object, JavaType> forTypeFactory() {
+            return new LRUMap<>(16, 64);
+        }
+
         @Override
         public LookupCache<TypeKey, JsonSerializer<Object>> forSerializerCache(SerializationConfig config) {
             return new LRUMap<>(8, 64);
@@ -110,6 +116,10 @@ public LookupCache<JavaType, JsonDeserializer<Object>> forDeserializerCache(Dese
         }
 
         @Override
+        public LookupCache<Object, JavaType> forTypeFactory() {
+            return new LRUMap<>(16, 64);
+        }
+
         public LookupCache<TypeKey, JsonSerializer<Object>> forSerializerCache(SerializationConfig config) {
             return _cache;
         }
@@ -128,6 +138,40 @@ public JsonSerializer<Object> put(TypeKey key, JsonSerializer<Object> value) {
             return super.put(key, value);
         }
     }
+
+    static class CustomTypeFactoryCacheProvider implements CacheProvider {
+
+        final CustomTestTypeFactoryCache _cache = new CustomTestTypeFactoryCache();
+
+        @Override
+        public LookupCache<JavaType, JsonDeserializer<Object>> forDeserializerCache(DeserializationConfig config) {
+            return new LRUMap<>(16, 64);
+        }
+
+        @Override
+        public LookupCache<Object, JavaType> forTypeFactory() {
+            return _cache;
+        }
+
+        public LookupCache<TypeKey, JsonSerializer<Object>> forSerializerCache(SerializationConfig config) {
+            return new LRUMap<>(16, 64);
+        }
+    }
+
+    static class CustomTestTypeFactoryCache extends LRUMap<Object,JavaType> {
+
+        public boolean _isInvoked = false;
+
+        public CustomTestTypeFactoryCache() {
+            super(8, 16);
+        }
+
+        @Override
+        public JavaType putIfAbsent(Object key, JavaType value) {
+            _isInvoked = true;
+            return super.putIfAbsent(key, value);
+        }
+    }
     
     /*
     /**********************************************************************
@@ -186,7 +230,7 @@ public void testDefaultCacheProviderSharesCache() throws Exception
                 .cacheProvider(cacheProvider)
                 .build();
 
-        // Act 
+        // Act
         // 3. Add two different types to each mapper cache
         mapper1.readValue("{\"point\":24}", RandomBean.class);
         mapper2.readValue("{\"height\":24}", AnotherBean.class);
@@ -205,10 +249,12 @@ public void testBuilderValueValidation() throws Exception
         DefaultCacheProvider.builder()
                 .maxDeserializerCacheSize(0)
                 .maxSerializerCacheSize(0)
+                .maxTypeFactoryCacheSize(0)
                 .build();
         DefaultCacheProvider.builder()
                 .maxDeserializerCacheSize(Integer.MAX_VALUE)
                 .maxSerializerCacheSize(Integer.MAX_VALUE)
+                .maxTypeFactoryCacheSize(Integer.MAX_VALUE)
                 .build();
 
         // fail cases
@@ -224,6 +270,12 @@ public void testBuilderValueValidation() throws Exception
         } catch (IllegalArgumentException e) {
             assertTrue(e.getMessage().contains("Cannot set maxSerializerCacheSize to a negative value"));
         }
+        try {
+            DefaultCacheProvider.builder().maxTypeFactoryCacheSize(-1);
+            fail("Should not reach here");
+        } catch (IllegalArgumentException e) {
+            assertTrue(e.getMessage().contains("Cannot set maxTypeFactoryCacheSize to a negative value"));
+        }
     }
 
     /**
@@ -258,4 +310,19 @@ private void _verifySerializeSuccess(CacheProvider cacheProvider) throws Excepti
         assertEquals("{\"slide\":123}",
                 mapper.writeValueAsString(new SerBean()));
     }
+
+    /**
+     * Sanity test for serialization with {@link CacheProvider#forTypeFactory()}
+     */
+    @Test
+    public void sanityCheckTypeFactoryCacheSize() throws Exception
+    {
+        // custom
+        CustomTypeFactoryCacheProvider customProvider = new CustomTypeFactoryCacheProvider();
+        ObjectMapper mapper = JsonMapper.builder()
+                .cacheProvider(customProvider)
+                .build();
+        mapper.getTypeFactory().constructParametricType(List.class, HashMap.class);
+        assertTrue(customProvider._cache._isInvoked);
+    }
 }