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Trade Finance Market by Product Type, Service Providers and End User: Global Opportunity Analysis and Industry Forecasts, 2019-2026

  • ID: 4990155
  • Report
  • December 2019
  • Region: Global
  • 213 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Bank of America
  • BNP Paribas
  • Citigroup Inc.
  • Euler Hermes
  • HSBC Holdings plc
  • Industrial and
The global trade finance market was valued at $39714.2 million in 2018 and is expected to reach $56,065.6 million by 2026, registering a CAGR of 3.79% from 2019 to 2026. Trade finance is the financing of international trade flows, acting as an intermediary between importers and exporters to mitigate the risks involved in transactions and enhance working capital efficiency in businesses. It deals with activities related to financing of domestic and international trade. The trade finance includes issuing letters of credit (LCs), receivables and invoice finance, credit agency, export finance, bank guarantees, insurance, and others. It is used by buyers, sellers, manufactures, importers, and exporters to ease financing activities and deals with the way cash, credit, investments, and other assets are used for trade. The key advantage of trade finance is that it facilitates easy way to arrange short-term finance.



The development of technologies such as optical character recognition (OCR) to read container numbers, radio frequency identification (RFID) and quick response (QR) codes to identify and trace shipments, blockchain, and enhancing digitization of trade documents drive the market growth. However, lack of focus of trade financing for SMEs, insufficient risk valuation capabilities, limited legal certainty, and operational inefficiencies restrain the growth of the trade financing market. Advancements in technology, switching from traditional banking methods for documentation to ease the paperwork, and efficient enhancement in trade are provide opportunities for the market. In addition, strategic formulation along with adoption of structuring and pricing tools offer some other growth opportunities to the market.

The global trade finance product market is segmented on the basis of product type, service providers, end users, and region. By product type, it is bifurcated into supply chain finance and export & agency finance. By service providers, it is segmented into banks, trade finance houses, and others. By end user, it is classified into exporters, importers, and traders. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
  • The study provides an in-depth analysis of the global trade finance market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
  • Comprehensive quantitative analysis of the industry from 2019 to 2026 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
  • Extensive analysis of the key segments of the industry helps in understanding the product types, service providers, and end users across the globe.
  • Key market players and their strategies have been analyzed to understand the competitive outlook of the market.

KEY MARKET SEGMENTS

By Product Type
  • Supply Chain Finance
  • Export & Agency Finance
  • By Service Providers
  • Banks
  • Trade Finance Houses
  • Others

By End User
  • Exporters
  • Importers
  • Traders

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • India
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Turkey
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

KEY PLAYERS PROFILED
  • Asian Development Bank
  • Bank of America Corporation
  • BNP Paribas
  • Citigroup Inc.
  • Euler Hermes
  • HSBC Holdings PLC
  • JPMorgan Chase &Co
  • Mitsubishi UFJ Financial
  • Royal Bank of Scotland
  • Standard Chartered PLC

The other players in the market include (profiles not included in the report) the following:
  • Industrial and Commercial Bank of China Limited
  • Export-Import Bank of India
  • Mizuho Financial Group, Inc.
  • Commerzbank AG
  • African Export–Import Bank
Frequently Asked Questions about the Global Trade Finance Market

What is the estimated value of the Global Trade Finance Market?

The Global Trade Finance Market was estimated to be valued at $39714.2 million in 2018.

What is the growth rate of the Global Trade Finance Market?

The growth rate of the Global Trade Finance Market is 4.4%, with an estimated value of $56065.6 million by 2026.

What is the forecasted size of the Global Trade Finance Market?

The Global Trade Finance Market is estimated to be worth $56065.6 million by 2026.

Who are the key companies in the Global Trade Finance Market?

Key companies in the Global Trade Finance Market include Asian Development Bank (ADB), Bank of America, BNP Paribas, Citigroup Inc., Euler Hermes, HSBC Holdings plc, JPMorgan Chase & Co, Mitsubishi UFJ Financial Group Inc. and Standard Chartered Bank.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bank of America
  • BNP Paribas
  • Citigroup Inc.
  • Euler Hermes
  • HSBC Holdings plc
  • Industrial and

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.3.1. List of Key Players Profiled In The Report
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings of The Study
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies, 2018
3.3. Top Player Positioning, 2018
3.4. Porter’S Five Forces Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Rise In Technological Development
3.5.1.2. Increased Competition And New Trade Agreements
3.5.1.3. Advancements In The Field of Global Trade Finance
3.5.2. Restraints
3.5.2.1. Lack of Focus On Small And Medium-Sized Enterprises (Smes)
3.5.2.2. Rising Trade Wars
3.5.3. Opportunity
3.5.3.1. Advancements In Technology
3.5.4. Impact Analyses
Chapter 4: Global Trade Finance Market, By Product Type
4.1. Overview
4.1.1. Market Size And Forecast
4.2. Supply Chain Finance
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Country
4.2.3. Market Size And Forecast, By Region
4.3. Export And Agency Finance
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Country
4.3.3. Market Size And Forecast, By Region
Chapter 5: Chapter 5 Global Trade Finance Market, By Service Providers
5.1. Overview
5.1.1. Market Size And Forecast
5.2. Banks
5.2.1. Market Size And Forecast, By Country
5.2.2. Market Size And Forecast, By Region
5.3. Trade Finance Houses
5.3.1. Market Size And Forecast, By Country
5.3.2. Market Size And Forecast, By Region
5.3.3. Others
5.3.4. Market Size And Forecast, By Country
5.3.5. Market Size And Forecast, By Region
Chapter 6: Global Trade Finance Market, By End Users
6.1. Overview
6.1.1. Market Size And Forecast
6.2. Exporters
6.2.1. Market Size And Forecast, By Country
6.2.2. Market Size And Forecast, By Region
6.3. Importers
6.3.1. Market Size And Forecast, By Country
6.3.2. Market Size And Forecast, By Region
6.3.3. Traders
6.3.4. Market Size And Forecast, By Country
6.3.5. Market Size And Forecast, By Region
Chapter 7: Global Trade Finance Market, By Region
7.1. Overview
7.1.1. Market Size And Forecast
7.2. North America
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Country
7.2.2.1. U.S.
7.2.2.1.1. U.S. Trade Finance Market, By Product Type
7.2.2.1.2. U.S. Trade Finance Market, By Service Providers
7.2.2.1.3. U.S. Trade Finance Market, By End User
7.2.2.2. Canada
7.2.2.2.1. Canada Trade Finance Market, By Product Type
7.2.2.2.2. Canada Trade Finance Market, By Service Providers
7.2.2.2.3. Canada Trade Finance Market, By End User
7.2.2.3. Mexico
7.2.2.3.1. Mexico Trade Finance Market, By Product Type
7.2.2.3.2. Mexico Trade Finance Market, By Service Providers
7.2.2.3.3. Mexico Trade Finance Market, By End User
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Country
7.3.2.1. Germany
7.3.2.1.1. Germany Trade Finance Market, By Product Type
7.3.2.1.2. Germany Trade Finance Market, By Service Providers
7.3.2.1.3. Germany Trade Finance Market, By End User
7.3.2.2. France
7.3.2.2.1. France Trade Finance Market, By Product Type
7.3.2.2.2. France Trade Finance Market, By Service Providers
7.3.2.2.3. France Trade Finance Market, By End User
7.3.2.3. UK
7.3.2.3.1. UK Trade Finance Market, By Product Type
7.3.2.3.2. UK Trade Finance Market, By Service Providers
7.3.2.3.3. UK Trade Finance Market, By End User
7.3.2.4. Italy
7.3.2.4.1. Italy Trade Finance Market, By Product Type
7.3.2.4.2. Italy Trade Finance Market, By Service Providers
7.3.2.4.3. Italy Trade Finance Market, By End User
7.3.2.5. Spain
7.3.2.5.1. Spain Trade Finance Market, By Product Type
7.3.2.5.2. Spain Trade Finance Market, By Service Providers
7.3.2.5.3. Spain Trade Finance Market, By End User
7.3.2.6. Russia
7.3.2.6.1. Russia Trade Finance Market, By Product Type
7.3.2.6.2. Russia Trade Finance Market, By Service Providers
7.3.2.6.3. Russia Trade Finance Market, By End User
7.3.2.7. Rest of Europe
7.3.2.7.1. Rest of Europe Trade Finance Market, By Product Type
7.3.2.7.2. Rest of Europe Trade Finance Market, By Service Providers
7.3.2.7.3. Rest of Europe Trade Finance Market, By End User
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Country
7.4.2.1. Japan
7.4.2.1.1. Japan Trade Finance Market, By Product Type
7.4.2.1.2. Japan Trade Finance Market, By Service Providers
7.4.2.1.3. Japan Trade Finance Market, By End User
7.4.2.2. China
7.4.2.2.1. China Trade Finance Market, By Product Type
7.4.2.2.2. China Trade Finance Market, By Service Providers
7.4.2.2.3. China Trade Finance Market, By End User
7.4.2.3. Australia
7.4.2.3.1. Australia Trade Finance Market, By Product Type
7.4.2.3.2. Australia Trade Finance Market, By Service Providers
7.4.2.3.3. Australia Trade Finance Market, By End User
7.4.2.4. India
7.4.2.4.1. India Trade Finance Market, By Product Type
7.4.2.4.2. India Trade Finance Market, By Service Providers
7.4.2.4.3. India Trade Finance Market, By End User
7.4.2.5. South Korea
7.4.2.5.1. South Korea Trade Finance Market, By Product Type
7.4.2.5.2. South Korea Trade Finance Market, By Service Providers
7.4.2.5.3. South Korea Trade Finance Market, By End User
7.4.2.6. Rest of Asia-Pacific
7.4.2.6.1. Rest of Asia-Pacific Trade Finance Market, By Product Type
7.4.2.6.2. Rest of Asia-Pacific Trade Finance Market, By Service Providers
7.4.2.6.3. Rest of Asia-Pacific Trade Finance Market, By End User
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast, By Country
7.5.2.1. Brazil
7.5.2.1.1. Brazil Trade Finance Market, By Product Type
7.5.2.1.2. Brazil Trade Finance Market, By Service Providers
7.5.2.1.3. Brazil Trade Finance Market, By End User
7.5.2.2. Turkey
7.5.2.2.1. Turkey Trade Finance Market, By Product Type
7.5.2.2.2. Turkey Trade Finance Market, By Service Providers
7.5.2.2.3. Turkey Trade Finance Market, By End User
7.5.2.3. Saudi Arabia
7.5.2.3.1. Saudi Arabia Trade Finance Market, By Product Type
7.5.2.3.2. Saudi Arabia Trade Finance Market, By Service Providers
7.5.2.3.3. Saudi Arabia Trade Finance Market, By End User
7.5.2.4. South Africa
7.5.2.4.1. South Africa Trade Finance Market, By Product Type
7.5.2.4.2. South Africa Trade Finance Market, By Service Providers
7.5.2.4.3. South Africa Trade Finance Market, By End User
7.5.2.5. Rest of LAMEA
7.5.2.5.1. Rest of LAMEA Trade Finance Market, By Product Type
7.5.2.5.2. Rest of LAMEA Trade Finance Market, By Service Providers
7.5.2.5.3. Rest of LAMEA Trade Finance Market, By End User
Chapter 8: Company Profiles
8.1. Asian Development Bank
8.1.1. Company Overview
8.1.2. Operating Business Segments
8.1.3. Business Performance
8.1.4. Key Strategic Moves And Developments
8.2. Bank of America
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves And Developments
8.3. Bnp Paribas
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.4. Citigroup Inc.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves And Developments
8.5. Euler Hermes
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Business Performance
8.6. Hsbc Holdings Plc
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves And Developments
8.7. Jpmorgan Chase &Co
8.7.1. Company Overview
8.7.2. Operating Business Segments
8.7.3. Business Performance
8.8. Mitsubishi Ufj Financial Group, Inc.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves And Developments
8.9. Royal Bank of Scotland
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves And Developments
8.10. Standard Chartered Bank
8.9.6. Company Overview
8.9.7. Company Snapshot
8.9.8. Operating Business Segments
8.9.9. Business Performance
8.9.10. Key Strategic Moves And Developments
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bank of America
  • BNP Paribas
  • Citigroup Inc.
  • Euler Hermes
  • HSBC Holdings plc
  • Industrial and
According to the report titled, 'Global Trade Finance Market by Product Type, Service Providers, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global trade finance market size was valued at $39,714.2 million in 2018, and is projected to reach $56,065.6 million by 2026, growing at a CAGR of 3.79% from 2019 to 2026.

Trade finance deals with financial activities related to domestic and international trade. It is the financing of international trade flows and acts as an intermediary between importers and exporters to mitigate the risks involved in transactions and enhance working capital efficiency in businesses. Trade finance is used by buyers, sellers, manufactures, importers, and exporters to ease financing activities; it deals with the way cash, credit, investments, and other assets are used for trade. It includes issuing letters of credit (LCs), receivables and invoice finance, credit agency, export finance, bank guarantees, insurance, and others.

Rise in competition and new trade agreements; and improved inventory management by various companies propel the market growth. In addition, development of technologies such as optical character recognition (OCR) to read container numbers, radio frequency identification (RFID) and quick response (QR) codes to identify and trace shipments, blockchain, enhancing digitization of trade documents also drives the trade finance market growth. However, lack of focus of trade financing for SMEs, insufficient risk valuation capabilities, limited legal certainty, and operational inefficiencies restrain the growth of the trade financing market. Advancements in technology, switching from traditional banking methods for documentation to ease paperwork, and efficient enhancement in trade finance industry provide opportunities for the market.

On the basis of product type, the export & agency finance segment dominated the trade finance market in 2018. Credit agencies are providing finances to foreign buyers at a large scale, supporting highly structured financing solutions, which in-turn enhances exporters risk capacity. In addition, export & agency finance allows domestic companies to export goods and services to buyers around the world with a certain level of security, becoming a major trade finance market trends in the market. Moreover, international agency financing products offer guarantees to cover commercial bank credits, direct funding, and mitigates political risks.

Depending on service providers, the banks segment generated the highest revenue in 2018 and is anticipated to continue the same during the forecast period, owing to the fact that banks act as intermediaries in trade finance ecosystem to provide inter-firm trade credits to buyers, sellers, and other parties involved in the trade. Support from banks to firm’s ability to mitigate payment risk by purchasing trade credit insurance boosts the market growth. Furthermore, banks are accelerating trade finance processes by transforming their paper-based methods to more efficient and transparent digitized models, thus becoming the highest service providers in the trade finance market.

Key Findings of the Trade Finance Market:

The export & agency finance segment is expected to be the fastest growing segment in the trade finance market forecast period, in terms of value.
The U.S. dominated the North America trade finance market in 2018 and is projected to grow at a CAGR of 3.6%, from 2019 to 2026.
In terms of revenue, the importers segment was the highest contributor in 2018.
LAMEA and North America collectively accounted for higher revenue in the market. LAMEA held largest trade finance market share, in terms of revenue in 2018, and is expected to retain its dominance throughout the forecast period, due to higher oil production and large-scale exports and services from finance agencies. In addition, the U.S. export and agency finance enhances export opportunities, by investing in large project planning activities and creating sustainable infrastructure leading to economic growth in the region. The key players operating in the global trade finance market include as Asian Development Bank (ADB), Bank of America, BNP Paribas, Citigroup Inc., Euler Hermes, HSBC Holdings plc, JPMorgan Chase & Co, Mitsubishi UFJ Financial Group, Inc., Royal Bank of Scotland, and Standard Chartered Bank. Other players operating in the market are Industrial and Commercial Bank of China Limited, Export-Import Bank of India, Mizuho Financial Group, Inc., Commerzbank AG, and African Export-Import Bank.
Note: Product cover images may vary from those shown
  • Asian Development Bank (ADB)
  • Bank of America
  • BNP Paribas
  • Citigroup Inc.
  • Euler Hermes
  • HSBC Holdings plc
  • JPMorgan Chase & Co
  • Mitsubishi UFJ Financial Group Inc.
  • Royal Bank of Scotland
  • Standard Chartered Bank
  • Industrial and
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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