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The global Trade Finance market was valued at USD 8942.27 Billion in 2019, due to Covid-19, the market drop to USD 7616.52 Billion by -14.83% in 2020 and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during 2020-2026.
Technologies such as blockchain, artificial intelligence (AI ), machine learning (ML), and the Internet of Things ( IoT) are being applied increasingly in commercial finance. AI and ML use natural language processing ( NLP), chatbots, and predictive analytics to address problems, recognize trends, foresee demand, and provide business recommendations. AI also helps to automate the process of trading documents and to ensure that electronic forms are delivered to stakeholders at the appropriate time during the trading process. Market vendors also integrate blockchain technology with trade finance to increase efficiency and simplify the invoice finance transaction from end to end. The integration of technology to improve the efficiency of the business financing cycle will be one of the main industry developments that will boost the trade finance market size.
Developing technologies such as optical character recognition ( OCR) to read container numbers, radio frequency identification ( RFID) and quick response ( QR) codes to identify and track shipments, enhance the digitization of trading documents and in turn is expected to act as a catalyst for the growth of trading finance market size.
Trade Finance market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Trade Finance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
In the trade finance market, LAMEA and North America jointly accounted for higher revenues. In terms of revenue, the LAMEA region dominated the trade finance sector in 2018 and is expected to retain its dominance during the forecast period, due to higher oil production and large-scale exports and agency finance services. Moreover, the U.S. export and agency funding strengthens export opportunities by engaging in large-scale project planning activities and developing sustainable infrastructure that contributes to regional economic development.
In 2019, APAC had the largest trade finance market share, and the region is expected to offer market vendors several growth opportunities over the forecast period. Growing government funding to improve trade finance for increased exports would have a major effect on the growth of the trade finance market share in this region. China is among APAC's main trade finance markets. In this region, demand growth would be higher than business growth in other regions.
Europe is projected to rise at the fastest pace in the forecast period due to the involvement of export credit agencies (ECA) conducting foreign trade, strengthening government policy, and facilitating trade across the globe.
The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Trade Finance market competitive landscape provides details and data information by vendors. The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Trade Finance business, the date to enter into the Trade Finance market, Trade Finance product introduction, recent developments, etc.
The major vendors include 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, etc.
This report focuses on the global Trade Finance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Trade Finance development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
|
Report Metric |
Details |
|
Report Name |
Global Trade Finance Market |
|
Market size value in 2019 |
$8942.27 Billion |
|
Market size value in 2020 |
$7616.52 Billion |
|
Revenue forecast in 2026 |
$10426.67 Billion |
|
Growth Rate |
CAGR of 5.37% |
|
Base year considered |
2019 |
|
Forecast period |
2020-2026 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, End-User, Offerings, and Region |
|
Market BY Type |
Letters of Credit, Guarantees, Supply Chain Finance, Factoring, Documentary Collection, Other |
|
Market BY Application/End-User |
Finance, Energy, Power Generation, Transport, Renewables, Metals & Non Metallic Minerals, Other |
|
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
|
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Companies covered |
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 |
Trade Finance signifies financing for trade, and it relates to both domestic and international trade transactions. A trade transaction involves both a seller and a purchaser of goods and services. These transactions may facilitate through intermediaries, such as banks and financial institutions.
The global Trade Finance market size was valued at USD 8942.27 Billion in 2019 and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during the forecast period 2020-2026.
The trade finance market is projected to mark is 5.37% from 2020 to 2027
Some of Key Major Vendors Like 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
LIST OF TABLES & FIGURES
The global Trade Finance market was valued at USD 8942.27 Billion in 2019, due to Covid-19, the market drop to USD 7616.52 Billion by -14.83% in 2020 and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during 2020-2026.
Technologies such as blockchain, artificial intelligence (AI ), machine learning (ML), and the Internet of Things ( IoT) are being applied increasingly in commercial finance. AI and ML use natural language processing ( NLP), chatbots, and predictive analytics to address problems, recognize trends, foresee demand, and provide business recommendations. AI also helps to automate the process of trading documents and to ensure that electronic forms are delivered to stakeholders at the appropriate time during the trading process. Market vendors also integrate blockchain technology with trade finance to increase efficiency and simplify the invoice finance transaction from end to end. The integration of technology to improve the efficiency of the business financing cycle will be one of the main industry developments that will boost the trade finance market size.
Developing technologies such as optical character recognition ( OCR) to read container numbers, radio frequency identification ( RFID) and quick response ( QR) codes to identify and track shipments, enhance the digitization of trading documents and in turn is expected to act as a catalyst for the growth of trading finance market size.
Trade Finance market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Trade Finance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
In the trade finance market, LAMEA and North America jointly accounted for higher revenues. In terms of revenue, the LAMEA region dominated the trade finance sector in 2018 and is expected to retain its dominance during the forecast period, due to higher oil production and large-scale exports and agency finance services. Moreover, the U.S. export and agency funding strengthens export opportunities by engaging in large-scale project planning activities and developing sustainable infrastructure that contributes to regional economic development.
In 2019, APAC had the largest trade finance market share, and the region is expected to offer market vendors several growth opportunities over the forecast period. Growing government funding to improve trade finance for increased exports would have a major effect on the growth of the trade finance market share in this region. China is among APAC's main trade finance markets. In this region, demand growth would be higher than business growth in other regions.
Europe is projected to rise at the fastest pace in the forecast period due to the involvement of export credit agencies (ECA) conducting foreign trade, strengthening government policy, and facilitating trade across the globe.
The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Trade Finance market competitive landscape provides details and data information by vendors. The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Trade Finance business, the date to enter into the Trade Finance market, Trade Finance product introduction, recent developments, etc.
The major vendors include 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, etc.
This report focuses on the global Trade Finance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Trade Finance development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
|
Report Metric |
Details |
|
Report Name |
Global Trade Finance Market |
|
Market size value in 2019 |
$8942.27 Billion |
|
Market size value in 2020 |
$7616.52 Billion |
|
Revenue forecast in 2026 |
$10426.67 Billion |
|
Growth Rate |
CAGR of 5.37% |
|
Base year considered |
2019 |
|
Forecast period |
2020-2026 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, End-User, Offerings, and Region |
|
Market BY Type |
Letters of Credit, Guarantees, Supply Chain Finance, Factoring, Documentary Collection, Other |
|
Market BY Application/End-User |
Finance, Energy, Power Generation, Transport, Renewables, Metals & Non Metallic Minerals, Other |
|
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
|
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Companies covered |
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 |
Trade Finance signifies financing for trade, and it relates to both domestic and international trade transactions. A trade transaction involves both a seller and a purchaser of goods and services. These transactions may facilitate through intermediaries, such as banks and financial institutions.
The global Trade Finance market size was valued at USD 8942.27 Billion in 2019 and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during the forecast period 2020-2026.
The trade finance market is projected to mark is 5.37% from 2020 to 2027
Some of Key Major Vendors Like 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
LIST OF TABLES & FIGURES
