A bank guarantee is an assurance of a contract between two external parties, a buyer and a seller, or in relation to the guarantee, an applicant and a beneficiary. The bank guarantee serves as a risk management tool for the beneficiary, as the bank assumes liability for completion of the contract should the buyer default on their debt or obligation.
Bank guarantee reduces the chances of financial fraud for the seller as it involves financing of international and domestic trade flows. It further reduces the risks involved in domestic and international trade transaction such as default in payment by the importer after the delivery of the products, political risk, trade wars and others. In case, the buyer fails to make the payment on time, the seller can be assured that payment will be made on. Thus, it reduces the chances of financial fraud for the seller. Furthermore, bank guarantee promotes international trade among Australia with other countries as it provides financing for the importers and exporters, which helps to increase international trade. Therefore, these are major factors that drive the Australia bank guarantee market growth. However, lack of credit facilities for small- & medium-sized enterprises and increase in trade wars between Australia and other countries such as China, are some of the factors that hamper the growth of the Australia bank guarantee market trends.
On the contrary, rise in number of trade agreements promoting import & export activities in Australia is expected to promote the demand for bank guarantee services. This is attributed to surge in new trade agreements and development in existing contracts of trade. For instance, Australia has signed up to the landmark Regional Comprehensive Economic Partnership (RCEP) trade agreement. RCEP is a regional free trade agreement (FTA) that will build on Australia’s existing FTAs in the Asia-Pacific region. Australian participation will improve export access and supply chain opportunities for Australian businesses in 14 Indo-Pacific countries. The agreement should also benefit Australian farmers and deliver greater investment certainty for businesses. It is designed to boost trade in services, especially in education, health, engineering, finance and professional services. Therefore, this will provide major lucrative opportunities for the Australia bank guarantee market share in the upcoming years.
The Australia bank guarantee market is segmented on the basis of type, application, end user, and enterprise size. In terms of type, it is bifurcated into financial guarantee and performance guarantee. By application, it is divided into international and domestic. By end user, it is bifurcated into exporters and importers. On the basis of enterprise size, it is segmented into small enterprises, medium enterprises, and large enterprises.
The report analyzes the profiles of key players operating in the Australia bank guarantee market such as Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, Citigroup, Inc., DBS Bank, Deutsche Bank AG, HSBC Holdings PLC, JPMorgan Chase & Co., Mitsubishi UFJ Financial Group, Inc., Standard Chartered PLC, and United Overseas Bank Limited (UOB). These players have adopted various strategies to increase their market penetration and strengthen their position in the Australia bank guarantee industry.
Bank guarantee reduces the chances of financial fraud for the seller as it involves financing of international and domestic trade flows. It further reduces the risks involved in domestic and international trade transaction such as default in payment by the importer after the delivery of the products, political risk, trade wars and others. In case, the buyer fails to make the payment on time, the seller can be assured that payment will be made on. Thus, it reduces the chances of financial fraud for the seller. Furthermore, bank guarantee promotes international trade among Australia with other countries as it provides financing for the importers and exporters, which helps to increase international trade. Therefore, these are major factors that drive the Australia bank guarantee market growth. However, lack of credit facilities for small- & medium-sized enterprises and increase in trade wars between Australia and other countries such as China, are some of the factors that hamper the growth of the Australia bank guarantee market trends.
On the contrary, rise in number of trade agreements promoting import & export activities in Australia is expected to promote the demand for bank guarantee services. This is attributed to surge in new trade agreements and development in existing contracts of trade. For instance, Australia has signed up to the landmark Regional Comprehensive Economic Partnership (RCEP) trade agreement. RCEP is a regional free trade agreement (FTA) that will build on Australia’s existing FTAs in the Asia-Pacific region. Australian participation will improve export access and supply chain opportunities for Australian businesses in 14 Indo-Pacific countries. The agreement should also benefit Australian farmers and deliver greater investment certainty for businesses. It is designed to boost trade in services, especially in education, health, engineering, finance and professional services. Therefore, this will provide major lucrative opportunities for the Australia bank guarantee market share in the upcoming years.
The Australia bank guarantee market is segmented on the basis of type, application, end user, and enterprise size. In terms of type, it is bifurcated into financial guarantee and performance guarantee. By application, it is divided into international and domestic. By end user, it is bifurcated into exporters and importers. On the basis of enterprise size, it is segmented into small enterprises, medium enterprises, and large enterprises.
The report analyzes the profiles of key players operating in the Australia bank guarantee market such as Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, Citigroup, Inc., DBS Bank, Deutsche Bank AG, HSBC Holdings PLC, JPMorgan Chase & Co., Mitsubishi UFJ Financial Group, Inc., Standard Chartered PLC, and United Overseas Bank Limited (UOB). These players have adopted various strategies to increase their market penetration and strengthen their position in the Australia bank guarantee industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides in-depth Australia bank guarantee market analysis of the market along with the current & future market trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the Australia bank guarantee market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the Australia bank guarantee market forecast 2021 to 2030 is provided to determine the market potential.
KEY MARKET SEGMENTS
By Type
- Financial Guarantee
- Performance Guarantee
By Application
- International
- Domestic
By End User
- Exporters
- Importers
By Enterprise Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Key Market Players
- Australia and New Zealand Banking Group Limited (ANZ)
- BNP Paribas
- Citigroup, Inc.
- DBS Bank
- Deutsche Bank AG
- HSBC Holdings PLC
- JPMorgan Chase & Co.
- Mitsubishi UFJ Financial Group, Inc.
- Standard Chartered PLC
- United Overseas Bank Limited (UOB)
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report Description1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY2.1. Key findings
2.1.1. Top impacting factors
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW3.1. Market Definition and Scope
3.2. Key Forces Shaping Australia Bank Guarantee Market
3.3. Bank Guarantee Process
3.4. Impact of Government Regulations on Australia Bank Guarantee Market
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Bank guarantee reduces the chances of financial risks for importers and exporters
3.5.1.2. Facilitates importers and exporters to increase cross border transactions
3.5.1.3. Digitalization of the bank guarantee platforms
3.5.2. Restraints
3.5.2.1. Lack of credit facilities for SMEs in Australia
3.5.2.2. Trade wars between Australia and other countries
3.5.3. Opportunity
3.5.3.1. Rising import and export activities between Australia and other countries
3.6. COVID-19 Impact Analysis on Australia Bank Guarantee Market
3.6.1. Impact on Australia bank guarantee market size
3.6.2. Change in consumer trends, preferences, and budget impact, owing to COVID-19
3.6.3. Framework for market challenges faced by Australia bank guarantee solution providers
3.6.4. Economic impact on Australia bank guarantee solution providers
3.6.5. Key player strategies to tackle negative impact on the industry
3.6.6. Opportunity analysis for Australia bank guarantee solution providers
CHAPTER 4: AUSTRALIA BANK GUARANTEE MARKET, BY TYPE4.1. Overview
4.2. Financial Guarantee
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. Performance Guarantee
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
CHAPTER 5: AUSTRALIA BANK GUARANTEE MARKET, BY APPLICATION5.1. Overview
5.2. International
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. Domestic
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
CHAPTER 6: AUSTRALIA BANK GUARANTEE MARKET, BY END USER6.1. Overview
6.2. Exporters
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.3. Importers
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
CHAPTER 7: AUSTRALIA BANK GUARANTEE MARKET, BY ENTERPRISE SIZE7.1. Overview
7.2. Small Enterprises
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
7.3. Medium Enterprises
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
7.4. Large Enterprises
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
CHAPTER 8: COMPETITIVE LANDSCAPE8.1. Introduction
8.1.1. Market player positioning, 2020
8.2. Competitive Dashboard
8.2.1. Top winning strategies
CHAPTER 9: COMPANY PROFILES9.1. AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED (ANZ)
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Product portfolio
9.1.4. Business performance
9.1.5. Key strategic moves and developments
9.2. BNP PARIBAS
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Product portfolio
9.2.4. Business performance
9.2.5. Key strategic moves and developments
9.3. CITIGROUP, INC.
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.4. DBS BANK
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.5. DEUTSCHE BANK AG
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.6. HSBC HOLDINGS PLC
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Product portfolio
9.6.4. Business performance
9.7. JP MORGAN CHASE & CO.
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Product portfolio
9.7.4. Business performance
9.8. MITSUBISHI UFJ FINANCIAL GROUP, INC.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Product portfolio
9.8.4. Business performance
9.9. STANDARD CHARTERED BANK
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Product portfolio
9.9.4. Business performance
9.9.5. Key strategic moves and developments
9.10. UNITED OVERSEAS BANK LIMITED
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Product portfolio
List of Tables
TABLE 01. AUSTRALIA BANK GUARANTEE MARKET REVENUE, BY TYPE, 2020-2030 ($MILLION)
TABLE 02. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR FINANCIAL GUARANTEE, 2020-2030 ($MILLION)
TABLE 03. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR PERFORMANCE GUARANTEE, 2020-2030 ($MILLION)
TABLE 04. AUSTRALIA BANK GUARANTEE MARKET REVENUE, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 05. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR INTERNATIONAL, 2020-2030 ($MILLION)
TABLE 06. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR DOMESTIC, 2020-2030 ($MILLION)
TABLE 07. AUSTRALIA BANK GUARANTEE MARKET REVENUE, BY END USER, 2020-2030 ($MILLION)
TABLE 08. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR EXPORTERS, 2020-2030 ($MILLION)
TABLE 09. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR IMPORTERS, 2020-2030 ($MILLION)
TABLE 10. AUSTRALIA BANK GUARANTEE MARKET REVENUE, BY ENTERPRISE SIZE, 2020-2030 ($MILLION)
TABLE 11. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR SMALL ENTERPRISES, 2020-2030 ($MILLION)
TABLE 12. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR MEDIUM ENTERPRISES, 2020-2030 ($MILLION)
TABLE 13. AUSTRALIA BANK GUARANTEE MARKET REVENUE FOR LARGE ENTERPRISES, 2020-2030 ($MILLION)
TABLE 14. AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED (ANZ): COMPANY SNAPSHOT
TABLE 15. AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED (ANZ): PRODUCT PORTFOLIO
TABLE 16. BNP PARIBAS: COMPANY SNAPSHOT
TABLE 17. BNP PARIBAS: PRODUCT PORTFOLIO
TABLE 18. CITIGROUP, INC.: COMPANY SNAPSHOT
TABLE 19. CITIGROUP, INC.: OPERATING SEGMENTS
TABLE 20. CITIGROUP INC.: PRODUCT PORTFOLIO
TABLE 21. DBS BANK: COMPANY SNAPSHOT
TABLE 22. DBS BANK: OPERATING SEGMENTS
TABLE 23. DBS BANK: PRODUCT PORTFOLIO
TABLE 24. DEUTSCHE BANK AG : COMPANY SNAPSHOT
TABLE 25. DEUTSCHE BANK AG: OPERATING SEGMENTS
TABLE 26. DEUTSCHE BANK AG: PRODUCT PORTFOLIO
TABLE 27. HSBC HOLDINGS PLC: COMPANY SNAPSHOT
TABLE 28. HSBC HOLDINGS PLC: PRODUCT PORTFOLIO
TABLE 29. JPMORGAN CHASE & CO.: COMPANY SNAPSHOT
TABLE 30. JP MORGAN CHASE & CO.: PRODUCT PORTFOLIO
TABLE 31. MITSUBISHI UFJ FINANCIAL GROUP, INC.: COMPANY SNAPSHOT
TABLE 32. MITSUBISHI UFJ FINANCIAL GROUP, INC.: PRODUCT PORTFOLIO
TABLE 33. STANDARD CHARTERED PLC: COMPANY SNAPSHOT
TABLE 34. STANDARD CHARTERED PLC: PRODUCT PORTFOLIO
TABLE 35. UNITED OVERSEAS BANK LIMITED (UOB): COMPANY SNAPSHOT
TABLE 36. UNITED OVERSEAS BANK LIMITED (UOB): PRODUCT PORTFOLIO
List of Figures
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. AUSTRALIA BANK GUARANTEE MARKET SNAPSHOT, 2020-2030
FIGURE 03. AUSTRALIA BANK GUARANTEE MARKET: TOP IMPACTING FACTOR
FIGURE 04. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05. MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 06. MODERATE THREAT OF SUBSTITUTES
FIGURE 07. MODERATE THREAT OF NEW ENTRANTS
FIGURE 08. HIGH COMPETITIVE RIVALRYS
FIGURE 09. BANK GUARANTEE PROCESS
FIGURE 10. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11. AUSTRALIA BANK GUARANTEE MARKET REVENUE, BY TYPE, 2020-2030 ($MILLION)
FIGURE 12. AUSTRALIA BANK GUARANTEE MARKET REVENUE, BY APPLICATION, 2020-2030 ($MILLION)
FIGURE 13. AUSTRALIA BANK GUARANTEE MARKET REVENUE, BY END USER, 2020-2030 ($MILLION)
FIGURE 14. AUSTRALIA BANK GUARANTEE MARKET REVENUE, BY ENTERPRISE SIZE, 2020-2030 ($MILLION)
FIGURE 15. MARKET PLAYER POSITIONING, 2020
FIGURE 16. COMPETITIVE DASHBOARD
FIGURE 17. COMPETITIVE DASHBOARD
FIGURE 18. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 19. TOP WINNING STRATEGIES, BY YEAR, 2019-2021
FIGURE 20. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019-2021
FIGURE 21. TOP WINNING STRATEGIES, BY COMPANY, 2019-2021
FIGURE 22. AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED (ANZ): NET PROFIT, 2018-2020 ($MILLION)
FIGURE 23. BNP PARIBAS: REVENUE, 2018-2020 ($MILLION)
FIGURE 24. CITIGROUP, INC.: NET REVENUE, 2018-2020 ($MILLION)
FIGURE 25. DBS BANK: NET INCOME, 2018-2020 ($MILLION)
FIGURE 26. DBS BANK: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 27. DBS BANK: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 28. DEUTSCHE BANK AG: NET REVENUE, 2018-2020 ($MILLION)
FIGURE 29. DEUTSCHE BANK AG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 30. DEUTSCHE BANK AG: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 31. HSBC HOLDINGS PLC: REVENUE, 2018-2020 ($MILLION)
FIGURE 32. HSBC HOLDINGS PLC: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 33. HSBC HOLDINGS PLC: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 34. JPMORGAN CHASE & CO.: NET REVENUE, 2018-2020 ($MILLION)
FIGURE 35. JPMORGAN CHASE & CO.: REVENUE SHARE, BY SEGMENT (2020)
FIGURE 36. JPMORGAN CHASE & CO.: REVENUE SHARE, BY REGION (2020)
FIGURE 37. MITSUBISHI UFJ FINANCIAL GROUP, INC.: NET REVENUE, 2018-2020 ($MILLION)
FIGURE 38. STANDARD CHARTERED PLC: NET REVENUE, 2018-2020 ($MILLION)
Companies Mentioned
- Banking Group Limited (ANZ)
- BNP Paribas
- Citigroup Inc.
- DBS Bank
- Deutsche Bank AG
- HSBC Holdings PLC
- JPMorgan Chase & Co.
- Mitsubishi UFJ Financial Group Inc.
- Standard Chartered PLC
- United Overseas Bank Limited (UOB).
Methodology
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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