The Global Trade finance market size, Expert Market Research’s Report and Forecast 2022-2027 provides an overview of the global trade finance market, evaluating the market on the basis of its segments such as type, service provider, end users and the main regions.
Trade Finance Market Size, Trends, Industry Report, Key Player, Major Segments and Forecast
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Key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.3%
| Report attribute | Details |
| Historical period | 2017-2021 |
| Forecast period | 2022-2027 |
| Year of reference | 2020 |
| Growth rate CAGR | 4.3% |
| Main actors | Citigroup Inc., Asian Development Bank, DBS Bank Ltd, JPMorgan Chase & Co., BNP Paribas, HSBC Holdings PLC, Euler Hermes and Standard Chartered Bank, among others. |
The demand for the trade finance market is likely to fuel as it has become an important tool for various businesses to improve their efficiency and increase their revenue. With soaring global imports and exports, the trade finance market is expected to grow further. Trade finance ensures fewer delays in payments as well as shipments, allowing exporters and importers to run their businesses and manage their cash flow more effectively and efficiently.
Trade finance enables companies to improve their revenue and business operations. A business can fall behind on its spending and abandon a major supplier or consumer without commercial financing, which would likely lead to long-term difficulties for the business. Trade finance reduces this risk of financial difficulties, due to which the demand for the trade finance market increases.
Rising technological advancements in various industries such as banking, financial services and insurance (BFSI), along with soaring developments in data collection technology are expected to propel the demand for automation and AI in banking . This would further enhance the growth of the trade finance market.
Trade Finance Industry Definition and Major Segments
Trade finance refers to financial products as well as instruments used by businesses to facilitate international trade and commerce. It facilitates international trade and enables exporters and importers to manage their trade and business efficiently.
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Based on Type, the market is segmented into:
• Supply Chain Finance
• Structured Trade Finance
• Financing of traditional trade
By service provider, the market is classified into:
• Banks
• Trade Finance Houses
• Others
By End Users, the market is segmented into:
• Exporters
• Importers
• Traders
• Others
Based on region, the market is split into:
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa
Trade finance market trends
The global trade finance market is expected to witness significant growth owing to increasing digitalization as well as increasing adoption of innovative technologies by various companies like blockchain. The high demand for trade finance is prompting companies to invest in trade finance methods that are less likely to spread. This provides financial stability to exporters and importers in the form of payment risk and supply risk, which increases the growth of the trade finance market.
Geographically, the North American region maintains the growth of the trade finance market over the forecast period owing to the increasing adoption of high-end technologies in the region. The inclusion of Blockchain technology in trade finance companies is expected to fuel the growth of the trade finance market. This technology benefits stakeholders by reducing friction due to operational and logistical inefficiencies around the trade finance value chain.
Growing use of personal finance mobile apps, spurring SMEs to embrace trade finance, latest trade deals, and increased competition are all likely to drive the growth of the North America trade finance market. In the United States, multinational corporations have increased the use of digital technologies, which should translate into an improved supply chain for trade finance. This is further supported by advances in innovative digital networks to simplify finance and commerce.
Main market players
Leading companies reviewed in the Global Trade Finance Market Report are:
- Citigroup Inc.
- Asian Development Bank
- DBS Bank Ltd
- JPMorgan Chase & Co
- BNP Paribas
- HSBC Holdings PLC
- Euler Hermes
- Standard Chartered Bank
- Others
The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest market updates along with their impact on the market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.
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