Trade Finance Market size of US$ 90,212 million by 2030 with a CAGR of 7.4% | Bank, BNP Paribas S.A., Euler Hermes Group

Allied Market Research published a report, titled, "Trade Finance Market by Product Type (Guarantees, Standby Letters of Credit (LCs), Commercial Letters of Credit (LCs), and Others), by Provider (Trade Finance Houses, Banks, and Others), by Application (International and Domestic), and by End User (Traders, Exporters, and Importers): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global trade finance industry was estimated to reach $90,212 million by 2030, having endorsed a value of $44,098 million in 2020, registering a CAGR of 7.4% during the forecast period. 

📚 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/4332

Primary Factors of Market Growth: 

The global trade finance market growth is attributed to the rise in demand for enhanced safety and security in the trading environment, growth in SME adoption in developing countries, and novel trade agreements. On the other hand, the rise of the trade war and the high implementation costs limit market growth. Moreover, the utilization of blockchain technology in the realm of trade finance brings lucrative opportunities for market expansion. 

The commercial letters of credit (LCs) segment to lead its trail during the forecast period- 

By product type, the commercial letters of credit (LCs) segment held the major share in 2020, contributing to more than two-fifths of the global trade finance market revenue, and is anticipated to lead its trail during the forecast period. This is attributed to the growth of global trade, the varying regulations in each nation, linguistic differences, and the difficulty of personal interaction between parties. Furthermore, the guarantees segment would cite the fastest CAGR of 9.0% from 2021 to 2030. 

The importers segment to maintain its leadership status throughout the forecast period- 

By end user, the importers segment held the major share in 2020, establishing nearly three-fifths of the global trade finance market revenue, and is expected to maintain its leadership status throughout the forecast period. This is because of an increase in operating costs, increased competition, and additional risks such as data breaches, increased importer protection, well-publicized market abuse scandals, inappropriate regulatory implementation, and constant growth in direct trade execution. However, the traders segment would display the fastest CAGR of 15.5% during the forecast period. This is attributed to utilizing funds prior to export shipment and avoiding financial difficulties. Furthermore, trade finance enhances the supply chain effectiveness for the traders. 

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/4332

Asia-Pacific garnered the major share by 2030- 

By region, the Asia-Pacific region held the major share in 2020, garnering nearly two-fifths of the global trade finance market revenue, and is likely to dominate the market by 2030. The same region would also exhibit the fastest CAGR of 10.0% over the forecast period. This is because trade finance for security in trading transactions is in high demand from verticals like business premises and banks across the region. 

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Industry-Leading Players: - 

Euler Hermes Group  
Asian Development Bank  
Standard Chartered PLC  
Citigroup Inc.  
The Royal Bank of Scotland Group plc  
HSBC Holdings PLC  
Mitsubishi UFJ Financial Inc.  
JPMorgan Chase & Co.  
Bank of America Corporation  
BNP Paribas S.A. 
The report provides a detailed assessment of these key players in the global trade finance market. These players have adopted various strategies such as new product launches, geographic expansion, partnerships, and agreements to increase their market dominance and strengthen their foothold in the industry. The report helps resolve the business performance, top market segments, advancements, and product portfolios of leading market players to emphasize the competitive landscapes.    

Key Benefits for Stakeholders

This study includes the trade finance market analysis, trade finance services market trends, and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and trade finance market opportunity.
The trade finance market size is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the industry.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the trade finance market.
𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬, 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧@ https://www.alliedmarketresearch.com/request-for-customization/4332

Trade Finance Market Key Segments:

By Product Type:

Commercial Letters of Credit (LCs)
Standby Letters of Credit (LCs)
Guarantees
others
By Provider:

Banks
Trade Finance Houses
Others
By Application:

Domestic
International
By End User:

Traders
Importers
Exporters
By Region:

North America  (U.S., Canada, Mexico)
Europe  (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
Asia-Pacific   (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA  (Brazil, Turkey, Saudi Arabia, South Africa, Rest of LAMEA)
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

AI in Fintech Market https://www.alliedmarketresearch.com/ai-in-fintech-market-A16644
Financial Services Software Market https://www.alliedmarketresearch.com/financial-services-software-market-A14931
Commercial Insurance Market https://www.alliedmarketresearch.com/commercial-insurance-market-A11665
Credit & Surety Insurance Market https://www.alliedmarketresearch.com/credit-and-surety-insurance-market-A12961
Blockchain Finance Market https://www.alliedmarketresearch.com/blockchain-finance-market-A11750

𝐓𝐡𝐚𝐧𝐤𝐬 𝐟𝐨𝐫 𝐫𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐚𝐫𝐭𝐢𝐜𝐥𝐞; 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐚𝐥𝐬𝐨 𝐠𝐞𝐭 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐜𝐡𝐚𝐩𝐭𝐞𝐫-𝐰𝐢𝐬𝐞 𝐬𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐨𝐫 𝐫𝐞𝐠𝐢𝐨𝐧-𝐰𝐢𝐬𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐞𝐫𝐬𝐢𝐨𝐧𝐬 𝐥𝐢𝐤𝐞 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚, 𝐋𝐀𝐌𝐄𝐀, 𝐄𝐮𝐫𝐨𝐩𝐞, 𝐨𝐫 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜.

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