Pune, April 29, 2022 (GLOBE NEWSWIRE) — World Trade finance market The research report provides an overview of the global business analysis with key players operating in the industry and the future competitive scenario. The Trade Finance Market report by our experts is an excellent research that includes the growth of Trade Finance, Stocks, Revenues in the past and future possibilities considering the challenges and opportunities. Additionally, the report includes detailed segmentation based on product type, application, geographical regions, countries with possible development, and risks in these areas.
The global trade finance market size is expected to reach US$11,631,260 million by 2028, from US$8,014,110 million in 2021, at a CAGR of 5.4% during the period 2022-2028.
Trade finance means trade financing and relates to both domestic and international trade transactions. A commercial transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.
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While a seller (or exporter) may require the buyer (importer) to prepay for goods being shipped, the buyer (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks can help by providing various forms of support. For example, the importer’s bank may provide a letter of credit to the exporter (or the exporter’s bank) providing for payment upon presentation of certain documents, such as a bill of lading. The exporter’s bank can grant a loan (by cash advance) to the exporter on the basis of the export contract.
Other forms of trade finance may include documentary collection, trade credit insurance, fine trade, factoring or forfeiting. Some forms are specifically designed to complement traditional financing.
The most prominent companies in the trade finance market typically focus on the innovative opportunities associated with inventing and providing trade finance. These strategies will allow the major players to cover their trading limits and increase their position in the market. Here are some of the major players in the market:
Key players include:-
- BNP Paribas
- bank of china
- Citigroup Inc.
- Exim Bank of China
- ICCB
- JPMorgan Chase & Co
- Mizuho Financial Group
- Standard charter
- MUFG
- Sumitomo Mitsui Banking Corporation
- Agricultural credit
- Commerzbank
- HSBC
- Bank of Riyadh
- Saudi British Bank
- ANZ
- EBRD
- Exim Bank of Japan
- Saudi Fransi Bank
- Afreximbank
- Al-Ahli Bank
- Export-Import Bank of India
Major global players in trade finance include BNP Paribas, Bank of China, etc. The top 3 global companies hold a share of more than 10%.
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Market segmentation : –
The Trade Finance market report provides a study of key trends in each sub-segment of the global Trade Finance report, with development estimates at global, regional and country levels and categorized the market based on type of product, applications and regions.
Segment by type
- Warranties
- Letter of credit
- Documentary collection
- Supply Chain Finance
- Factoring
Segment by application
- Machinery
- Energy
- Food and consumption
- Transportation
- Chemical
- Metals and non-metallic minerals
- Others
In terms of product, letters of credit are the largest segment, with a share of over 40%. And in terms of application, the biggest application is the power industry, with a share of around 30%.
Years considered for this report: –
Historical years: 2017-2028
Base year: 2021
Estimated year: 2022
Forecast period: 2022-2028
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Regional analysis:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC countries)
Europe is the largest market, with a share of around 40%, followed by Asia-Pacific and North America with a share of around 30% and 20%.
Reasons to get this report:-
The research would help the top Administrations/Policy Makers/Professionals/Product Advancements/Sales Managers and Stakeholders of this market in the following ways
1. The report provides Trade Finance Market revenue at global, regional and country level with comprehensive analysis up to 2028 allowing companies to analyze their market share and analyze projections, and find new target markets
2. The research includes trade finance market divided into different types, applications, technologies and end-uses. This segmentation helps executives plan their products and finances based on the upcoming development rates of each segment.
3. Trade Finance Market Analysis enables investors to know the scope and position of the market by giving them insights into the major drivers, challenges, restraints and market expansion chances and threats moderate
4. This report would help to better understand the competition through detailed analysis and key strategies of their competitors, and plan their position in the business
5. The study helps to assess trade finance forecast by region, key countries and information on leading companies to channel their investments.
A few TOC points:
1 company overview report
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Trade Finance Breakdown Data by Type
5 Trade Finance Breakdown Data by Application
6 North America
7Europe
8 Asia-Pacific
9 Latin America
10 Middle East and Africa
11 key player profiles
12 analysts’ views/conclusions
13 Appendix
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