The global market for Merchant Banking Services was estimated at US$55.4 Billion in 2024 and is projected to reach US$142.3 Billion by 2030, growing at a CAGR of 17.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Merchant Banking Services market.
Merchant banks play a significant role in the financial markets by bridging the gap between corporations seeking capital and investors looking to deploy capital. They offer specialized expertise in areas like IPOs (Initial Public Offerings), private placements, and syndicated loans, which are often beyond the scope of traditional banks. Merchant banking services also involve a high degree of customization, as banks tailor their solutions to meet the specific needs of their clients. Given the increasing complexity of the global financial system and the growing need for businesses to secure capital for expansion, merchant banking services are becoming more critical for corporate growth and market competitiveness.
Another important trend is the growing shift towards alternative investment strategies and asset classes, such as private equity, venture capital, and real estate. As traditional investment vehicles like stocks and bonds yield lower returns, both institutional and high-net-worth investors are increasingly seeking alternative investments to diversify their portfolios and maximize returns. Merchant banks are key facilitators of these alternative investments, providing advisory services, capital raising, and structuring investments in private companies, startups, and non-publicly traded assets. Additionally, the growth of venture capital and private equity funding has accelerated due to technological innovations and the expansion of the startup ecosystem, further fueling the demand for merchant banking services in this domain.
Additionally, the rise of private equity and venture capital investments has driven a greater need for advisory services and capital raising expertise. Private equity firms and venture capitalists require merchant banks to assist in funding new ventures, managing portfolios, and facilitating exits through M&As or IPOs. In the wake of economic disruptions, such as those caused by the COVID-19 pandemic, many companies are turning to merchant banks to help them restructure their finances, raise capital, or execute strategic acquisitions. The increased demand for mergers and acquisitions, particularly in sectors like technology, healthcare, and renewable energy, is further bolstering the merchant banking sector.
Furthermore, the growing importance of private equity and venture capital is a major driver of the merchant banking market. As more investors seek high-growth opportunities in startups and private companies, merchant banks are increasingly relied upon to raise capital, structure investment deals, and guide the entire investment process. This trend is particularly evident in the technology and biotech sectors, where innovation is rapid and businesses are often in need of substantial capital injections to fuel growth. Additionally, the demand for restructuring services, particularly in the wake of the COVID-19 pandemic, has further strengthened the role of merchant banks in advising distressed companies, facilitating debt restructuring, and guiding them through financial turnaround processes.
The expansion of emerging markets and the increased flow of cross-border investments are also pivotal in driving market growth. As businesses from developing regions look to enter global markets, merchant banks are instrumental in helping them navigate complex international regulatory environments and raise the necessary capital to compete on a global scale. Moreover, regulatory changes, such as more favorable tax treatments for certain investment vehicles, are contributing to the growth of private equity and venture capital, further accelerating the need for merchant banking services. As global markets become more interconnected, merchant banks continue to play a central role in facilitating capital flows, ensuring that businesses have access to the financing they need to thrive in an increasingly competitive global economy.
Global Merchant Banking Services Market - Key Trends & Drivers Summarized
What Are Merchant Banking Services and Why Do They Matter?
Merchant banking services encompass a wide range of financial services provided to businesses, particularly in areas related to capital raising, investment advisory, and corporate restructuring. Unlike traditional commercial banking services, merchant banks focus primarily on serving corporate clients, high-net-worth individuals, and institutional investors. Their services include underwriting, facilitating mergers and acquisitions (M&A), providing debt and equity financing, managing assets, and advising on strategic investments. Merchant banks often deal with larger and more complex transactions, and their services are critical in helping businesses scale, restructure, or optimize their capital structures.Merchant banks play a significant role in the financial markets by bridging the gap between corporations seeking capital and investors looking to deploy capital. They offer specialized expertise in areas like IPOs (Initial Public Offerings), private placements, and syndicated loans, which are often beyond the scope of traditional banks. Merchant banking services also involve a high degree of customization, as banks tailor their solutions to meet the specific needs of their clients. Given the increasing complexity of the global financial system and the growing need for businesses to secure capital for expansion, merchant banking services are becoming more critical for corporate growth and market competitiveness.
What Are the Key Trends Driving the Merchant Banking Services Market?
One of the key trends in the merchant banking services market is the increasing focus on cross-border transactions. As businesses expand their reach globally, the need for international financing solutions and advisory services grows. Merchant banks are increasingly involved in facilitating mergers and acquisitions across borders, helping businesses navigate the complexities of international financial regulations, currency fluctuations, and geopolitical risks. They provide invaluable expertise in structuring deals that meet the regulatory requirements of different countries while optimizing financial outcomes for both the acquiring and target companies. This trend of globalization in finance has been particularly pronounced in emerging markets, where companies are looking to expand into developed markets and vice versa.Another important trend is the growing shift towards alternative investment strategies and asset classes, such as private equity, venture capital, and real estate. As traditional investment vehicles like stocks and bonds yield lower returns, both institutional and high-net-worth investors are increasingly seeking alternative investments to diversify their portfolios and maximize returns. Merchant banks are key facilitators of these alternative investments, providing advisory services, capital raising, and structuring investments in private companies, startups, and non-publicly traded assets. Additionally, the growth of venture capital and private equity funding has accelerated due to technological innovations and the expansion of the startup ecosystem, further fueling the demand for merchant banking services in this domain.
Why Is the Demand for Merchant Banking Services Growing?
The demand for merchant banking services has seen significant growth due to several factors, including the increasing complexity of corporate financing needs and the global expansion of businesses. As companies look to optimize their capital structures, manage risks, and expand into new markets, they require sophisticated financial strategies that go beyond the traditional offerings of commercial banks. Merchant banks provide the expertise needed to navigate these complex financial landscapes, offering customized solutions such as equity offerings, structured finance, and specialized debt instruments.Additionally, the rise of private equity and venture capital investments has driven a greater need for advisory services and capital raising expertise. Private equity firms and venture capitalists require merchant banks to assist in funding new ventures, managing portfolios, and facilitating exits through M&As or IPOs. In the wake of economic disruptions, such as those caused by the COVID-19 pandemic, many companies are turning to merchant banks to help them restructure their finances, raise capital, or execute strategic acquisitions. The increased demand for mergers and acquisitions, particularly in sectors like technology, healthcare, and renewable energy, is further bolstering the merchant banking sector.
What Are the Key Growth Drivers in the Merchant Banking Services Market?
The growth in the merchant banking services market is driven by several factors, notably the increasing demand for complex financing solutions across various industries. As businesses face rising capital needs for expansion, technological investments, and global market penetration, merchant banks are well-positioned to provide the customized financial solutions required to meet these needs. The rise in corporate mergers, acquisitions, and joint ventures, driven by businesses` efforts to scale and consolidate in a competitive global market, is a significant factor behind the increased demand for merchant banking services. Merchant banks facilitate these transactions by providing strategic advice, conducting due diligence, and structuring deals that align with the long-term goals of their clients.Furthermore, the growing importance of private equity and venture capital is a major driver of the merchant banking market. As more investors seek high-growth opportunities in startups and private companies, merchant banks are increasingly relied upon to raise capital, structure investment deals, and guide the entire investment process. This trend is particularly evident in the technology and biotech sectors, where innovation is rapid and businesses are often in need of substantial capital injections to fuel growth. Additionally, the demand for restructuring services, particularly in the wake of the COVID-19 pandemic, has further strengthened the role of merchant banks in advising distressed companies, facilitating debt restructuring, and guiding them through financial turnaround processes.
The expansion of emerging markets and the increased flow of cross-border investments are also pivotal in driving market growth. As businesses from developing regions look to enter global markets, merchant banks are instrumental in helping them navigate complex international regulatory environments and raise the necessary capital to compete on a global scale. Moreover, regulatory changes, such as more favorable tax treatments for certain investment vehicles, are contributing to the growth of private equity and venture capital, further accelerating the need for merchant banking services. As global markets become more interconnected, merchant banks continue to play a central role in facilitating capital flows, ensuring that businesses have access to the financing they need to thrive in an increasingly competitive global economy.
Scope of Study:
The report analyzes the Merchant Banking Services market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Services (Portfolio Management, Business Restructuring, Credit Syndication, Others); Services Provider (Banks, Non-Banking Institutions); End-User (Businesses, Individuals)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Portfolio Management segment, which is expected to reach US$79.6 Billion by 2030 with a CAGR of a 19.1%. The Business Restructuring segment is also set to grow at 13.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $15.1 Billion in 2024, and China, forecasted to grow at an impressive 22.8% CAGR to reach $31.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Merchant Banking Services Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Merchant Banking Services Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Merchant Banking Services Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Bank of America Corporation, Barclays plc, BNP Paribas SA, Citigroup Inc., Credit Suisse Group AG and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 39 companies featured in this Merchant Banking Services market report include:
- Bank of America Corporation
- Barclays plc
- BNP Paribas SA
- Citigroup Inc.
- Credit Suisse Group AG
- DBS Bank Ltd.
- Deutsche Bank AG
- Goldman Sachs Group Inc.
- HSBC Holdings plc
- JPMorgan Chase & Co.
- Mizuho Financial Group
- Morgan Stanley
- Nomura Holdings, Inc.
- Rothschild & Co
- Royal Bank of Canada
- Societe Generale Group
- Standard Chartered plc
- Sumitomo Mitsui Financial Group
- UBS Group AG
- Wells Fargo & Co.
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bank of America Corporation
- Barclays plc
- BNP Paribas SA
- Citigroup Inc.
- Credit Suisse Group AG
- DBS Bank Ltd.
- Deutsche Bank AG
- Goldman Sachs Group Inc.
- HSBC Holdings plc
- JPMorgan Chase & Co.
- Mizuho Financial Group
- Morgan Stanley
- Nomura Holdings, Inc.
- Rothschild & Co
- Royal Bank of Canada
- Societe Generale Group
- Standard Chartered plc
- Sumitomo Mitsui Financial Group
- UBS Group AG
- Wells Fargo & Co.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 369 |
| Published | July 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 55.4 Billion |
| Forecasted Market Value ( USD | $ 142.3 Billion |
| Compound Annual Growth Rate | 17.0% |
| Regions Covered | Global |
