[July 30, 2020]

COVID-19 Impacts: Trade Finance Market Will Accelerate at a CAGR of Over 4% Through 2020-2024 | Growing Number of Exports to Boost Growth | Technavio

Technavio has been monitoring the trade finance market and it is poised to grow by USD 11.25 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Trade Finance Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the trade finance market in 2019?

• Technavio says that the value of the market was at USD 47.61 billion in 2019 and it is projected to reach USD 58.86 billion by 2024.

• At what rate is the market projected to grow during the forecast period 2020-2024?

• Growing at a CAGR of over 4%, the market growth will accelerate in the forecast period.

• What is the key factor driving the market?

• A growing number of exports and the emergence of clearing houses are the key factors driving the market growth.

• Who are the top players in the market?

• Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo (News - Alert) & Co. are some of the major market participants.

• Which region is expected to hold the highest market share?

• APAC

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Growing number of exports has been instrumental in driving the growth of the market.

Trade Finance Market 2020-2024: Segmentation

Trade Finance Market is segmented as below:

• Trade Finance Instruments
  • Traditional Trade Finance
  • Supply Chain Finance
  • Structured Trade Finance
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

Trade Finance Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our trade finance market report covers the following areas:

• Trade Finance Market size
• Trade Finance Market trends
• Trade Finance Market analysis

This study identifies the emergence of clearing houses as one of the prime reasons driving the trade finance market growth during the next few years.

Trade Finance Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the trade finance market, including some of the vendors such as Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Co. Backed with competitive intelligence and benchmarking, our research reports on the trade finance market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Trade Finance Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist trade finance market growth during the next five years
• Estimation of the trade finance market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the trade finance market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of trade finance market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Trade Finance Instruments

• Market segments
• Comparison by Trade Finance Instruments placement
• Traditional trade finance - Market size and forecast 2019-2024
• Supply chain finance - Market size and forecast 2019-2024
• Structured trade finance - Market size and forecast 2019-2024
• Market opportunity by Trade Finance Instruments

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Banco Santander SA
• Bank of America Corp.
• BNP Paribas SA
• Citigroup Inc.
• Crédit Agricole Group
• Goldman Sachs Group Inc.
• HSBC Holdings Plc
• JPMorgan Chase & Co.
• Morgan Stanley
• Wells Fargo & Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200730005363/en/

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