DUBLIN--(BUSINESS WIRE)--The "Trade Finance Market by Product Type, Provider, Application and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
Trade finance is the financing of international trade flows, acting as an intermediary between importers and exporters to mitigate the risks involved in transactions and enhance working capital efficiency in businesses. It deals with activities related to financing of domestic and international trade.
Trade finance includes issuing letters of credit (LCs), receivables and invoice finance, credit agency, export finance, bank guarantees, insurance, and others. It is used by buyers, sellers, manufactures, importers, and exporters to ease financing activities and deals with the way cash, credit, investments, and other assets are used for trade. The key advantage of trade finance is that it facilitates easy way to arrange short-term finance.
Rise in need for safety & security of trading activities, surge in adoption of trade finance by SMEs in developing countries, increased competition, and new trade agreements are the major factors that drive the growth of the global trade Finance market. Moreover, surge in trade wars and high implementation of cost hamper the growth of the market.
Furthermore, integration of block chain technology in trade finance is expected to provide lucrative opportunities for the market expansion during the forecast period.
Market Dynamics
Drivers
- Rise in need for safety and security of trading activities
- Surge in adoption of trade finance by SMEs in developing countries
- Increased competition and new trade agreements
Restraints
- Rise in trade wars
- High implementation cost
Opportunity
- Integration of blockchain in trade finance
COVID-19 impact analysis on the trade finance market
- Impact on market size
- Consumer trends, preferences, and budget impact
- Regulatory framework for solving market challenges faced by trade finance solution provider
- Economic Impact
- Key player strategies to tackle negative impact
- Opportunity Window
The key players profiled in the trade finance market report are
- Asian Development Bank
- Bank of America Corporation
- BNP Paribas S.A.
- Citigroup Inc.
- Euler Hermes Group
- HSBC Holdings PLC
- JPMorgan Chase & Co
- Mitsubishi UFJ Financial Inc.
- The Royal Bank of Scotland Group plc
- Standard Chartered PLC
Key Market 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
For more information about this report visit https://www.researchandmarkets.com/r/v9lqug
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