This report describes and explains the supply chain finance market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global supply chain finance market reached a value of nearly $11.54 billion in 2023, having grown at a compound annual growth rate (CAGR) of 8.04% since 2018. The market is expected to grow from $11.54 billion in 2023 to $17.16 billion in 2028 at a rate of 8.25%. The market is then expected to grow at a CAGR of 8.92% from 2028 and reach $26,308,57 million in 2033.
Growth in the historic period resulted from significant presence of small and medium-sized enterprises (SMEs), expansion of banking industry, increased demand for financing options for suppliers. Factors that negatively affected growth in the historic period was economic uncertainties or downturns.
Going forward, growth in the international trade, expansion of fintech solutions, government support for new trade agreements, fluctuations in currency exchange rates will drive the growth. Factors that could hinder the growth of the supply chain finance market in the future include political tensions affecting global supply chains and financing.
The supply chain finance market is segmented by offering into export and import bills, letter of credit, performance bonds, shipping guarantees and other offerings. The export and import bills market was the largest segment of the supply chain finance market segmented by offering, accounting for 40.79% or $4.7 billion of the total in 2023. Going forward, the other offerings segment is expected to be the fastest growing segment in the supply chain finance market segmented by offering, at a CAGR of 9.17% during 2023-2028.
The supply chain finance market is segmented by provider into banks, fintech platforms and other providers. The banks market was the largest segment of the supply chain finance market segmented by provider, accounting for 59.50% or $6.86 billion of the total in 2023. Going forward, the other providers segment is expected to be the fastest growing segment in the supply chain finance market segmented by provider, at a CAGR of 9.37% during 2023-2028.
The supply chain finance market is segmented by application into domestic and international. The international market was the largest segment of the supply chain finance market segmented by application, accounting for 60.32% or $6.96 billion of the total in 2023. Going forward, the international segment is expected to be the fastest growing segment in the supply chain finance market segmented by application, at a CAGR of 8.47% during 2023-2028.
The supply chain finance market is segmented by end user into large enterprises, small and medium-sized enterprises. The large enterprises market was the largest segment of the supply chain finance market segmented by end user, accounting for 63.01% or $7.27 billion of the total in 2023. Going forward, the small and medium sized enterprises segment is expected to be the fastest growing segment in the supply chain finance market segmented by end user, at a CAGR of 8.79% during 2023-2028.
North America was the largest region in the supply chain finance market, accounting for 41.48% or $4.78 billion of the total in 2023. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the supply chain finance market will be Asia Pacific and Africa where growth will be at CAGRs of 10.89% and 10.34% respectively. These will be followed by Middle East and South America where the markets are expected to grow at CAGRs of 9.79% and 9.06% respectively.
The global supply chain finance market is highly fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 4.87% of the total market in 2023. The market fragmentation can be attributed to the presence of large number of small players in different geographies. Citigroup Inc. was the largest competitor with a 0.78% share of the market, followed by DBS Bank Ltd. with 0.60%, Bank of America Corp. with 0.54%, JPMorgan Chase & Co. with 0.53%, HSBC Holdings plc with 0.50%, ING Group NV with 0.43%, Banco Santander SA with 0.39%, BNP Paribas SA with 0.37%, Danske Bank with 0.37% and UBS Group AG with 0.37%.
The top opportunities in the supply chain finance market segmented by offerings will arise in the export and import bills segment, which will gain $2.34 billion of global annual sales by 2028. The top opportunities in the supply chain finance market segmented by application will arise in the international segment, which will gain $3.49 billion of global annual sales by 2028. The top opportunities in the supply chain finance market segmented by end user will arise in the large enterprises segment, which will gain $3.38 billion of global annual sales by 2028. The top opportunities in the supply chain finance market segmented by provider will arise in the banks segment, which will gain $3.13 billion of global annual sales by 2028. The supply chain finance market size will gain the most in the USA at $1.64 billion.
Market-trend-based strategies for the supply chain finance market include the launch of new products to enhance operational efficiency, collaborations and partnerships, focus on cloud-based supply chain finance platforms that leverage cloud computing infrastructure, focus on investments in supply chain financing (SCF) platforms as financial institutions and launch of integrated Software as a Service (SaaS) solutions.
Player-adopted strategies in the supply chain finance market include focus on enhancing its operational capabilities through the launch of new product solutions and strengthening its market position through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the supply chain finance companies to focus on cloud-based platforms for enhanced supply chain finance, focus on integrated SAAS solutions to enhance financial offerings, focus on fastest-growing market segments, expand in emerging markets, continue to focus on developed markets, focus on expanding collaborations and partnerships for enhanced market reach, provide competitive pricing strategies, focus on leveraging digital channels, leverage industry events and webinars and focus on targeting large enterprises for supply chain finance companies.
Table of Contents
Executive Summary
Supply Chain Finance Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global supply chain finance market as it emerges from the COVID-19 shut down.Reasons to Purchase::
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Description
Where is the largest and fastest-growing market for supply chain finance? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The supply chain finance market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider supply chain finance market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by offering, by provider, by application and by end user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the supply chain finance market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by offering, by provider, by application and by end user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for supply chain finance providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Offering: Export And Import Bills; Letter Of Credit; Performance Bonds; Shipping Guarantees; Other Offerings2) By Provider: Banks; Fintech Platforms; Other Providers
3) By Application: Domestic; International
4) By End User: Large Enterprises; Small And Medium-Sized Enterprises
Key Companies Mentioned: Citigroup Inc; DBS Bank Ltd; Bank Of America Corp; Jpmorgan Chase & Co; HSBC Holdings Plc
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; supply chain finance indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Citigroup Inc
- DBS Bank Ltd
- Bank Of America Corp
- Jpmorgan Chase & Co
- HSBC Holdings Plc
- ING Group NV
- Banco Santander SA
- BNP Paribas SA
- Danske Bank
- UBS Group AG
- Australia and New Zealand Banking Group Limited
- Bank of China
- Industrial and Commercial Bank of China (ICBC)
- Agricultural Bank of China
- Ping An Bank
- State Bank of India
- HDFC Bank
- Axis Bank
- ICICI Bank
- Mitsubishi UFJ Financial Group (MUFG)
- KB Kookmin Bank
- BBVA
- ING Group
- Orbian
- Santander UK
- Demica
- Factorin
- Raiffeisen Bank International
- UniCredit group
- PrimeRevenue
- C2FO
- Taulia
- finacity corporation
- greensill capital
- LiquidX, Inc.
- MUFG Union Bank
- Wells Fargo Supply Chain Finance
- Export Development Canada
- BMO Financial Group
- HSBC Bank Canada
- Banco Bradesco S.A.
- Itaú Unibanco Holding S.A
- Santander Brasil S.A
- BICE (Banco de Inversión y Comercio Exterior)
- Banco de Crédito del Perú (BCP)
- Banco de Chile
- Santander Río
- Bank Melli Iran
- Bank Mellat
- Leumi Card
- National Commercial Bank (NCB)
- Al Rajhi Bank
- Türkiye İş Bankası (Isbank)
- Emirates NBD
- Abu Dhabi Commercial Bank (ADCB)
- Standard Bank
- Absa
- Nedbank
- FirstRand
- Rand Merchant Bank
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 304 |
Published | August 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 11.5 Billion |
Forecasted Market Value ( USD | $ 26.3 Billion |
Compound Annual Growth Rate | 8.6% |
Regions Covered | Global |
No. of Companies Mentioned | 60 |