PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410999
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1410999
India Trade Finance Market, By Product Type ; By Provider ; By Application ; By End User ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Trade Finance Market Size Expands at Steady CAGR of 5.55% to Touch USD 2.5 Billion by 2030.
India Trade Finance Market is flourishing due to a growing demand for supply chain finance and increasing digitization of trade finance.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Trade Finance Market size at USD 1,205.67 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Trade Finance Market size to expand at a CAGR of 5.55% reaching a value of USD 2,466.46 million by 2030. The Trade Finance Market in India is propelled by the increasing volume of exports, improved cash flows driving business expansion, and the rise of clearing houses. The COVID-19 pandemic accelerated the adoption of remote management tools, such as optical character recognition (OCR), QR codes, and RFID readers, in trade and commerce operations. Over the last century, trade finance has played a pivotal role in the expansion of global trade, with bank-mediated transactions now constituting over a third of the trillions of dollars in global trade annually. In the wake of technological advancements, the India Trade Fnance Market is incorporating innovative technologies, including blockchain, artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). Technological integration is expected to further enhance the efficiency and scope of the Trade Finance Market in the country.
Opportunity - Increasing involvement of non-banking financial institutions
The increasing involvement of non-banking financial institutions (NBFIs) is revolutionizing the India Trade Finance Market, infusing it with vitality and innovations. Venture capitalists, insurance firms, and specialized financiers are catalyzing a shift by providing tailored financial solutions. The dynamic involvement not only fosters healthy competition but also addresses the intricate needs of small businesses. NBFIs, with their flexibility and sector-specific focus, propel the trade finance ecosystem forward, offering diverse avenues for capital investment. This transformative influence strengthens economic resilience, ensuring that the India Trade Finance Market remains adaptive and responsive to the evolving financial landscape.
Impact of COVID-19 on India Trade Finance Market
COVID-19 pandemic had a mixed impact on the India Trade Finance Market. Preceding the pandemic, the trade finance sector thrived, bolstering global commerce and economic expansion through the adoption of digitalization trends. Nevertheless, challenges induced by the pandemic, such as supply chain disruptions, manufacturing standstills, and the prevalence of remote work, detrimentally impacted payment cycles, and the accessibility of trade finance credit. The pandemic crisis laid bare vulnerabilities in traditional paper-based processes, instigating a transformative shift toward digital solutions. Concurrently, in response to the pandemic, trade and commerce operations increasingly embraced remote management, employing diverse electronic devices like optical character recognition (OCR), QR codes, and RFID readers. Governments and international organizations intervened to bolster trade finance, expediting the adoption of technology and reshaping trade policies. Despite setbacks, the industry demonstrated remarkable adaptability, underscoring the pivotal role of flexibility, preparedness, and collaboration in navigating future uncertainties. Looking forward, the insights gained from the pandemic emphasize the significance of utilizing technology and innovation to continue shaping the trade finance landscape, guaranteeing its adaptability amid contemporary challenges.
India Trade Finance Market
Segmental Information
India Trade Finance Market - By Application
By application, the India Trade Finance Market is split into Domestic and International segments. The international segment holds a higher share in the India Trade Finance Market by application. International trade finance plays a pivotal role by providing specialized financial solutions that bridge gaps in time, distance, and currency, making it the preferred choice for facilitating large scale, cross border trade. Its significance lies in addressing the complexities of international transactions and ensuring the seamless flow of goods and services across borders, contributing significantly to the overall growth and efficiency of the market.
Competitive Landscape
The India Trade Finance Market is fragmented, with numerous players serving the market. The key players dominating the India Trade Finance Market include ICICI Bank, State Bank of India, HDFC Bank, Axis Bank, Kotak Mahindra Bank, BNP Paribas, and HSBC Holdings. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Trade Finance Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Trade Finance Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Trade Finance Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing demand for supply chain finance
- 3.2.1.2. Increasing digitization of trade finance
- 3.2.2. Restraints
- 3.2.2.1. Rise in trade wars
- 3.2.3. Opportunities
- 3.2.3.1. Increasing involvement of non-bank financial institutions
- 3.2.4. Challenges
- 3.2.4.1. High implementation cost
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Trade Finance Market Overview
- 4.1. Market Size & Forecast, 2019-2030
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Product Type
- 4.2.1.1. Commercial Letters of Credit
- 4.2.1.2. Standby Letters of Credit
- 4.2.1.3. Guarantees
- 4.2.1.4. Others
- 4.2.2. By Provider
- 4.2.2.1. Banks
- 4.2.2.2. Trade Finance Houses
- 4.2.2.3. Others
- 4.2.3. By Application
- 4.2.3.1. Domestic
- 4.2.3.2. International
- 4.2.4. By End User
- 4.2.4.1. Traders
- 4.2.4.2. Importers
- 4.2.4.3. Exporters
- 4.2.5. By Region
- 4.2.5.1. North India
- 4.2.5.2. South India
- 4.2.5.3. East India
- 4.2.5.4. West India
- 4.2.1. By Product Type
5. North India Trade Finance Market
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Provider
- 5.2.3. By Application
- 5.2.4. By End User
6. South India Trade Finance Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Provider
- 6.2.3. By Application
- 6.2.4. By End User
7. East India Trade Finance Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Provider
- 7.2.3. By Application
- 7.2.4. By End User
8. West India Trade Finance Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Provider
- 8.2.3. By Application
- 8.2.4. By End User
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Trade Finance Company Market Share Analysis, 2023
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Trade Finance Market
11. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. ICICI Bank
- 11.2. State Bank of India
- 11.3. HDFC Bank
- 11.4. Axis Bank
- 11.5. Kotak Mahindra Bank
- 11.6. BNP Paribas
- 11.7. HSBC Holdings
- 11.8. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Country
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable..
List of Figures
- Figure 1 India Trade Finance Segmentation
- Figure 2 India Trade Finance Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Trade Finance Market Share, By Product Type, By Value, 2019-2030
- Figure 6 India Trade Finance Market Share, By Provider, By Value, 2019-2030
- Figure 7 India Trade Finance Market Share, By Application, By Value, 2019-2030
- Figure 8 India Trade Finance Market Share, By End User, By Value, 2019-2030
- Figure 9 North India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Figure 10 North India Trade Finance Market Share, By Product Type, By Value, 2019-2030
- Figure 11 North India Trade Finance Market Share, By Provider, By Value, 2019-2030
- Figure 12 North India Trade Finance Market Share, By Application, By Value, 2019-2030
- Figure 13 North India Trade Finance Market Share, By End User, By Value, 2019-2030
- Figure 14 South India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Figure 15 South India Trade Finance Market Share, By Product Type, By Value, 2019-2030
- Figure 16 South India Trade Finance Market Share, By Provider, By Value, 2019-2030
- Figure 17 South India Trade Finance Market Share, By Application, By Value, 2019-2030
- Figure 18 South India Trade Finance Market Share, By End User, By Value, 2019-2030
- Figure 19 East India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Figure 20 East India Trade Finance Market Share, By Product Type, By Value, 2019-2030
- Figure 21 East India Trade Finance Market Share, By Provider, By Value, 2019-2030
- Figure 22 East India Trade Finance Market Share, By Application, By Value, 2019-2030
- Figure 23 East India Trade Finance Market Share, By End User, By Value, 2019-2030
- Figure 24 West India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Figure 25 West India Trade Finance Market Share, By Product Type, By Value, 2019-2030
- Figure 26 West India Trade Finance Market Share, By Provider, By Value, 2019-2030
- Figure 27 West India Trade Finance Market Share, By Application, By Value, 2019-2030
- Figure 28 West India Trade Finance Market Share, By End User, By Value, 2019-2030
List of Tables
- Table 1 India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Table 2 India Trade Finance Market Size, By Product Type, By Value, 2019-2030
- Table 3 India Trade Finance Market Size, By Provider, By Value, 2019-2030
- Table 4 India Trade Finance Market Size, By Application, By Value, 2019-2030
- Table 5 India Trade Finance Market Size, By End User, By Value, 2019-2030
- Table 6 North India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Table 7 North India Trade Finance Market Size, By Product Type, By Value, 2019-2030
- Table 8 North India Trade Finance Market Size, By Provider, By Value, 2019-2030
- Table 9 North India Trade Finance Market Size, By Application, By Value, 2019-2030
- Table 10 North India Trade Finance Market Size, By End User, By Value, 2019-2030
- Table 11 South India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Table 12 South India Trade Finance Market Size, By Product Type, By Value, 2019-2030
- Table 13 South India Trade Finance Market Size, By Provider, By Value, 2019-2030
- Table 14 South India Trade Finance Market Size, By Application, By Value, 2019-2030
- Table 15 South India Trade Finance Market Size, By End User, By Value, 2019-2030
- Table 16 East India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Table 17 East India Trade Finance Market Size, By Product Type, By Value, 2019-2030
- Table 18 East India Trade Finance Market Size, By Provider, By Value, 2019-2030
- Table 19 East India Trade Finance Market Size, By Application, By Value, 2019-2030
- Table 20 East India Trade Finance Market Size, By End User, By Value, 2019-2030
- Table 21 West India Trade Finance Market Size, By Value (USD Million), 2019-2030
- Table 22 West India Trade Finance Market Size, By Product Type, By Value, 2019-2030
- Table 23 West India Trade Finance Market Size, By Provider, By Value, 2019-2030
- Table 24 West India Trade Finance Market Size, By Application, By Value, 2019-2030
- Table 25 West India Trade Finance Market Size, By End User, By Value, 2019-2030
- Table 26 ICICI Bank Company Overview
- Table 27 ICICI Bank Financial Overview
- Table 28 State Bank of India Company Overview
- Table 29 State Bank of India Financial Overview
- Table 30 HDFC Bank Company Overview
- Table 31 HDFC Bank Financial Overview
- Table 32 Axis Bank Company Overview
- Table 33 Axis Bank Financial Overview
- Table 34 Kotak Mahindra Bank Company Overview
- Table 35 Kotak Mahindra Bank Financial Overview
- Table 36 BNP Paribas Company Overview
- Table 37 BNP Paribas Financial Overview
- Table 38 HSBC Holdings Company Overview
- Table 39 HSBC Holdings Financial Overview
