Trade financing deals with activities related with financing of domestic and international trade. It involves activities such as insurance, issuing letters of credits, and lending. The trade finance is used by buyers, sellers, manufactures, importers and exporters to ease financing activities; it deals with the way cash, credit, investments, and other assets can be utilized for trade. The key advantage of trade finance is that it facilitates easy way to arrange short-term finance. In addition, it helps businesses to focus onto growth activities.
Improved inventory management by various companies drive the market. In addition, digitalization and sophisticated risk management tools propel the market growth. However, insufficient risk valuation capabilities, limited legal certainty, and operational inefficiencies restrain the growth of the trade financing market. Advancements in technology and enhanced strategic formulation along with adoption of structuring and pricing tools offer different growth opportunities.
The global trade finance market is segmented on the basis of product type, service providers, end users, and region. Based on product type, it is classified into supply chain finance, export, and agency finance. The service providers segment includes banks, trade finance houses, and others. On the basis of end user, the market is divided into exporters, importers, traders, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in this market are HSBC Holdings PLC, Standard Chartered, Euler Hermes, Asian Development Bank, Citi, JPMorgan Chase, BNP Paribas, Mitsubishi UFJ Financial, Bank of America Merrill Lynch, and Royal Bank of Scotland.
Key Benefits :
- The study provides an in-depth analysis of the global trade finance market and current & future trends to elucidate the imminent investment pockets.
- Information about the key drivers, restrains, and opportunities is provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.
Trade Finance Market Key Segments:
By Product type
- Supply chain finance
- Export and agency finance
By Service Providers
- Banks
- Trade Finance houses
- Others
By End Users
- Exporters
- Importers
- Traders
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
Key Market Players Profiled In The Report
- HSBC Holdings PLC
- Standard Chartered
- Euler Hermes
- Asian Development Bank
- Citi
- JPMorgan Chase
- BNP Paribas
- Mitsubishi UFJ Financial
- Bank of America Merrill Lynch
- Royal Bank of Scotland