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The global trade finance market is being driven by the increasing globalisation and the growing domestic and international trade activities. The export and agency finance segment, among other product-types, provides highly structured finance solutions to both the buyers and the traders and, thus, accounted for the largest revenue source for the market in 2020. Banks are one of the significant service providers in the global trade finance industry. North America is one of the leading markets in the global industry.
The availability of advanced technology is driving the industry growth in the region. The shift from paper-based and traditional finance methods to digital methods is expected to further aid the industry growth over the forecast period. Some of the major players in the industry include JPMorgan Chase & Co. (NYSE: JPM) and HSBC Holdings plc (LON: HSBA).
JPMorgan Chase & Co. (NYSE: JPM), a global leader in investment banking, financial services for consumers and small businesses, and asset management, is a financial services firm with assets of USD 2.7 trillion and operations worldwide. In June 2020, the company announced that it intends to increase the quarterly common stock dividend to USD 0.90 per share (up from the current USD 0.80 per share), further authorising gross common equity repurchases of up to USD 29.4 billion under a new common equity repurchase programme, aiming to expand its business and support its customers across the world. Such developments are expected to aid the growth of the trade finance industry globally over the forecast period.
Market Breakup by Product Type, End Use, Service Provider, and Region:
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The major players in the global trade finance market are Citigroup Inc., Asian Development Bank, JPMorgan Chase & Co., BNP Paribas, Standard Chartered Bank, Euler Hermes [Allianz SE], and HSBC Holdings PLC [HSBC Group], among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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