Pune, Maharashtra, India, September 9 2020 (Wiredrelease) Allied Analytics :Surge in technological developments, increase in competition, and new trade agreements drive the global trade finance market. However, rise in trade wars and lack of focus on small- medium-sized enterprises hinder the market growth. On the other hand, advancements in the field of global trade finances create new opportunities in the market.
According to the report, the global trade finance market was valued at$39.71 billionin 2018, and is estimated to grow$56.06 billionby 2026, witnessing a CAGR of 3.79% from 2019 to 2026.
Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/4332
The export and agency finance segment to maintain its highest share by 2026-
Based on product type, the export and agency finance segment held nearly four-fifths of the total share of the global trade finance market in 2018, and is expected to maintain its highest share throughout the forecast period. This is due to its highly structured financing solutions, improvement in exporters risk capacity, and ability of domestic companies to export goods and services across the world. On the other hand, the supply chain finance segment is expected to grow at the highest CAGR of 3.81% from 2019 to 2026, owing to the product permits that enable businesses to widen payment timelines for large corporations and small medium sized enterprises.
The importers segment to contribute its dominant position during the forecast period-
Based on end user, the importers segment contributed to the highest market share in the global trade finance market, accounting for more than two-fifths of the total market share in 2018, and is estimated to retain its dominant position during the forecast period. This is due to challenges overcame by them through maintenance of working capital despite delays and complications during trading goods overseas. However, the traders segment is expected to grow the largest CAGR of 3.92% from 2019 to 2026. This is due to traders being largely dealing under short term periods, holding assets to capitalize on short-term trends in the market.
LAMEA to maintain its dominant share by 2026,North Americato follow-
Based on region, LAMEA accounted for the largest market share, contributing to more than two-fifths of the global trade finance market in 2018, and is estimated to maintain its dominant share throughout the forecast period. This is due to high oil production, large-scale exports, and better services from agency finances.North Americais expected to hold the second-highest market share during the forecast period. However,Europeis expected to grow at the highest CAGR of 3.95% from 2019 to 2026. This is attributed to the involvement of export credit agencies (ECA) that carry out international trade, improve public policy from government agencies, and promote trade across the globe.
Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/4332
Leading market players
Asian Development Bank (ADB)
Bank of America
HSBC Holdings plc
JPMorgan Chase Co
Mitsubishi UFJ Financial Group, Inc.
Royal Bank of Scotland
Standard Chartered Bank
Microfinance Market 2030: Future Business Plans and Product Developments
Car Finance Market 2030: Future Business Plans and Product Developments
Debt Financing Market 2030: Major Vendors and Latest Coverage
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based inPortland, 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.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials fromleading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
This content has been published by Allied Analytics company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at firstname.lastname@example.org.