Trade Finance Market Sales to Reach $56.06 Billion by 2026 | 3.79% CAGR (2024)

Rise in technological advancements, and surge in the number of new trade contracts fuel the growth of the global trade finance market

PORTLAND, OREGON, UNITED STATES, August 10, 2021 /EINPresswire.com/ -- According to the report, the global trade finance market was estimated at $39.71 billion in 2018, and is expected to reach $56.06 billion by 2026, growing at a CAGR of 3.79% from 2019 to 2026. The report offers an in-depth analysis of the top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, top investment pockets, and wavering market trends.

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Rise in technological advancements, increased competition and new trade contracts, and development in the field of global trade finance are the major factors propelling the growth of the global trade finance industry. On the other hand, lack of focus on SMEs, and surge in trade wars curtail down the growth to some extent. Nevertheless, improvement in the technological sphere is expected to usher in new opportunities in the industry

The key players analyzed in the report include Bank of America, BNP Paribas, Standard Chartered Bank, Mitsubishi UFJ Financial Group, Inc., Citigroup Inc., Royal Bank of Scotland, Euler Hermes, HSBC Holdings plc, Asian Development Bank (ADB), and JPMorgan Chase & Co. These players have incorporated a number of exclusive strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to retain their strong hold in the market.

Key Benefits for Trade Finance Market:

•The study provides an in-depth analysis of the global trade finance market share with the current trends and future estimations to elucidate the imminent investment pockets.
•A comprehensive analysis of the factors that drive and restrict the global trade finance market size is provided.
•A comprehensive quantitative analysis is provided from 2019 to 2026 to assist stakeholders to capitalize the prevailing trade finance market opportunity.
•An extensive analysis of the key segments of the industry helps to understand the global trade finance market trends.
•Key players and their strategies are provided to understand the competitive outlook of the trade finance market forecast.

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The export and agency finance segment generated the largest share in 2018-

Based on product type, the export and agency finance segment accounted for nearly four-fifths of the total market share in 2018, and is projected to retain its dominance during the study period. At the same time, the supply chain finance segment is anticipated to manifest the highest CAGR of 3.81% throughout the forecast period,

The banks segment to retain the lion’s share by 2026-

Based on service providers, the banks segment contributed to 91% of the total marker revenue in 2018, and is expected to lead the trail by 2026. The same segment would also cite the fastest CAGR of 3.83% during 2019–2026.

LAMEA to rule the roost-

Based on region, LAMEA held the highest market share in 2018, generating more than two-fifths of the total market, and is predicted to retain its top share during the estimated period. Nevertheless, the region across Europe would showcase the fastest CAGR of 3.95% till 2026. The other two regions analyzed through the market report include North America and Asia-Pacific.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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