Pune, April 29, 2022 (GLOBE NEWSWIRE) -- Global Trade Finance Market research report gives insight of worldwide business analysis with top players operating in the industry and future competitive scenario. The Trade Finance market report made by our experts is completely great research which includes growth of Trade Finance, shares, revenue in past and future possibilities with consideration of challenges and opportunities. Also, 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 projected to reach US$ 11631260 million by 2028, from US$ 8014110 million in 2021, at a CAGR of 5.4% during 2022-2028.
Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade 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) can require the purchaser (an importer) to prepay for goods shipped, the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks may assist 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 may make a loan (by advancing funds) to the exporter on the basis of the export contract.
Other forms of trade finance can include documentary collection, trade credit insurance, finetrading, factoring or forfaiting. Some forms are specifically designed to supplement traditional financing.
The topmost companies in the Trade Finance market are commonly focused on innovative opportunities associated to the invention and supply of Trade Finance. These strategies will let the key players to cover their business limits and increase their position in the market. The following are some of the key players in the market:
Key Players includes: -
- BNP Paribas
- Bank of China
- Citigroup Inc
- China Exim Bank
- ICBC
- JPMorgan Chase & Co
- Mizuho Financial Group
- Standard Chartered
- MUFG
- Sumitomo Mitsui Banking Corporation
- Credit Agricole
- Commerzbank
- HSBC
- Riyad Bank
- Saudi British Bank
- ANZ
- EBRD
- Japan Exim Bank
- Banque Saudi Fransi
- Afreximbank
- AlAhli Bank
- Export-Import Bank of India
Global key players of trade finance include BNP Paribasm, Bank of China, etc. Global top 3 companies hold a share over 10%.
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Market Segmentation: -
Trade Finance market report delivers study of the key trends in each sub-segment of the worldwide Trade Finance report, with estimates for development at the global, regional and country level and categorized the market based on product type, applications, regions.
Segment by Type
- Guarantees
- Letters of Credit
- Documentary Collection
- Supply Chain Financing
- Factoring
Segment by Application
- Machinery
- Energy
- Food and Consumer
- Transport
- Chemical
- Metals & Non Metallic Minerals
- Others
In terms of product, letters of credit is the largest segment, with a share over 40%. And in terms of application, the largest application is energy industry, with a share about 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 about 40%, followed by Asia Pacific and North America with the share about 30% and 20%.
Reasons to Procure this Report: -
The research would help top administration/policy makers/professionals/product advancements/sales managers and stakeholders in this market in the following ways
1. The report provides Trade Finance market revenues at the worldwide, regional, and country level with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim
2. The research includes the Trade Finance market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on upcoming development rates of each segment
3. Trade Finance market analysis benefits investors know the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats
4. This report would help to understand competition better with a detailed analysis and key strategies of their competitors, and plan their position in the business
5. The study helps evaluating Trade Finance business predictions by region, key countries, and top companies' information to channel their investments.
Some Points from TOC:
1 Report Business Overview
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
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East & Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix
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