Research Reports
Worldwide Trade Finance Market Size to Reach $56.06 Billion by 2026
Global Banking & Finance Review®
Company
The global trade finance market is set to reach $56.06 billion by 2026, driven by digitalization and new trade agreements despite COVID-19 challenges.
Allied Market Research published a research report on the trade finance market. The findings of the report states that the global market for trade finance is expected to reach $56.06 Billion by 2026, manifesting a CAGR of 3.79% from 2019 to 2026. The report provides valuable data on changing market dynamics, key segments, top investment pockets, and competitive scenario for market players, new entrants, investors, and shareholders.
The key players operating in the Asian Development Bank (ADB), Bank of America, BNP Paribas, Citigroup Inc., Euler Hermes, HSBC Holdings plc, JPMorgan Chase & Co, Mitsubishi UFJ Financial Group, Inc., Royal Bank of Scotland, and Standard Chartered Bank.
Download sample pages: https://www.alliedmarketresearch.com/request-sample/4332
“The trade finance market is improving due to government initiatives to promote implementation of digitalization with block chain facilities, enhancing ease of doing business globally. The exporters and importers in different countries across the globe are focused toward large acquisitions and investments in diversifying funding to fill trade finance gap. Thus, creating opportunities for the growth of the market, to secure and strengthen wider operating environment and global economy in the process.” Onkar Sumant, Manager, BFSI at Allied Market Research at Allied Market Research.
The report provides detailed information based on the key determinants of the market to help market players in devising growth strategies. Increase in technological developments, rise in competition, and new trade agreements drive the global trade finance market. Whereas, increase in trade wars and lack of focus on small- & medium-sized enterprises hinder the market growth. Nevertheless, advancements in the field of global trade finances create lucrative opportunities in the market.
The report provides a detailed scenario of impact of the Covid-19 pandemic on the trade finance market globally. This helps the investors, market players, and new entrants to strategize according to impacts by the outbreak of the pandemic. The emergence of covid-19 pandemic has impacted the industries as well as human lifestyle. Suspension of numerous industries has created challenges for trade finance. At the same time, the capacity of service providers has been impacted significantly. However, the government bodies across the world are now implementing relaxations and with this the market is expected to recoup really soon.
Get detailed COVID-19 impact analysis on the Trade Finance Market @ https://www.alliedmarketresearch.com/request-for-customization/4332?reqfor=covid
The report offers detailed segmentation of the global trade finance market on the basis of product type, service providers, and region. These insights are helpful for the new entrants as well as current market players to capitalize on the fastest growing and highest revenue generating segment to accomplish growth in the coming years.
Based on product type, the export and agency finance segment dominated the market with highest market share in 2018. The segment is expected to lead the trail throughout the forecast period. On the other hand, the supply chain finance segment is projected to manifest the fastest growth rate in between 2019 to 2026.
Based on end user, the importers segment held the lion’s share, accounting for the highest market share in terms of revenue in 2018, and is expected to retain its dominant position during the forecast period. On the other hand, the traders’ segment is estimated to portray the largest CAGR of 3.92% from 2019 to 2026.
Based on region, the market is studied across Europe, LAMEA, North America, and Asia-Pacific. The LAMEA region accounted for the maximum market share in terms of revenue. Whereas, the market across Europe is expected to showcase at the highest CAGR of 3.95% from 2019 to 2026
Make Purchase Inquiry @ https://www.alliedmarketresearch.com/request-for-customization/4332?reqfor=covid
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060 | Fax: +1-855-550-5975 Email” help@alliedmarketresearch.com
Follow us on LinkedIn, Facebook, Twitter, Pinterest, YouTube & Instagram
The article discusses the projected growth of the global trade finance market to $56.06 billion by 2026.
The market is expected to grow at a CAGR of 3.79% from 2019 to 2026, driven by digitalization and trade agreements.
COVID-19 impacted the market by challenging industries and service providers, but recovery is expected with government relaxations.
Explore more articles in the Research Reports category
