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Performance Bank Guarantee Market By Type (Payment Guarantee and Shipping Guarantee), Provider (Banks and Insurance Companies), and End User (Large Enterprises and Small & Medium Enterprises (SMEs): Global Opportunity Analysis and Industry Forecast 2020-2027

A08301
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Feb 2021 | 152 Views
 
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Performance Bank Guarantee Market Outlook – 2027 

The global performance bank guarantee market is experiencing growth and is expected to expand in the upcoming years, owing to rise in trade finance activities. A performance bank guarantee is a form of guarantee offered by a lending institution to the borrowers. In addition, bank guarantee means that the lending company guarantees that the obligations of the debtor are as per the requirement of the bank. 

Furthermore, if the debtor refuses to pay the debt, it will be compensated by the bank. A bank guarantee allows clients or the debtor to purchase goods, buy new equipment or receive a loan. Banks use two type of guarantees direct and indirect, direct guarantees in international or domestic transactions given directly to the beneficiaries. Moreover, direct guarantees are applied where the protection of the bank does not depend on the nature, validity and enforceability of the key obligation. Indirect guarantees shall most frequently occur in the export sector, in particular where government agencies or public bodies are the recipients of the guarantee.

The global performance bank guarantee market is segmented on the basis of type, provider, end user, and region. Based on type, the performance bank guarantee market is bifurcated into payment guarantee and shipping guarantee. In terms of provider, the market is divided into banks and insurance companies. On the basis of end user, the market is categorized into large enterprises and small & medium enterprises (SMEs). Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global performance bank guarantee industry include Macquarie Group Limited, ICICI Bank Limited, HDFC Bank Ltd., Citibank, Wells Fargo & Company, JPMorgan Chase & Co., UBS Group AG, DBS Bank, United Overseas Bank Limited, and Deutsche Bank AG. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market. 

Top Impacting Factors

Rise in financial risks in trade activities and growing focus of enterprises to mitigate these risks requires against counterparty risks are some of the major factors driving the performance bank guarantee market growth. However, several factors such as the government regulations and growing financial risks associated with defaults are expected to hinder the market growth. Furthermore, rising trade activities in developing countries such as India, Saudi Arabia, and Turkey are expected to provide lucrative opportunities for the market growth during the forecasted period. 

Blockchain Technology in Performance Bank Guarantee

Banks are integrating advanced technologies such as blockchain technology to innovate and enhance their business process. Moreover, companies are focused on development of these advanced solutions of banks and other financial institutions. For instance, Primechain Technologies Pvt. Ltd. has developed block chain system for providing banks with blockchain technology implemented in bank guarantee automation systems. 

In addition, this technology will help banks with real-time monitoring of the regulators and provides digitally signed bank guarantee letter to the borrower. Furthermore, it also provide different benefits such as it can quickly be incorporated well with bank's core banking or many legacy software, and increase the security of the certificate provided to the customer digitally.

Growth in Trend of Express Bank Guarantees

In order to take competitive advantages, many banks are offering express bank guarantees. It helps the required parties to avail bank guarantee in possible less time. For instance, ICICI Bank provides an innovative method of issuance where bank guarantee can only be provided within 3 hours including the facility to register for bank guarantee digitally. Through this digital platform, the client is only needed to visit a branch to collect it. Similarly, Macquarie bank, an investment bank of Australian origin also provides such express bank guarantees. More number of banks are expected to provide these services in the upcoming years.

Key Benefits of the Report

  • This study presents the analytical depiction of the global performance bank guarantee market forecast along with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global performance bank guarantee market share.     
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.         
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.    
  • The report provides a detailed performance bank guarantee market analysis based on the present and future competitive intensity of the market. 

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2019–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value ($)

Segments Covered

Type, Provider, End User, and Region

Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

Companies Covered

Macquarie Group Limited, ICICI Bank Limited, HDFC Bank Ltd., Citibank, Wells Fargo & Company, JPMorgan Chase & Co., UBS Group AG, DBS Bank, United Overseas Bank Limited, and Deutsche Bank AG

 

COVID-19 Scenario Analysis

  • COVID-19 has impacted overall value chain of businesses across the globe, especially in major trading countries, such as China and India. 
  • Lockdowns, business shutdowns and government restrictions have disrupted business activities and the fulfillment or execution of contract agreements. As a result, there are several risks for the companies which are expected to rely on Performance Bank Guarantee.
  • These guarantees are expected to provide securities in case of other parties’ inabilities to meet its obligations under the contract, owing to difficulties caused by the international lockdown. 

Performance Bank Guarantee Market Key Segments

Segments

Sub-Segments

Type

  • Payment Guarantee
  • Shipping Guarantee

Provider

  • Banks
  • Insurance Companies

End User

  • Large Enterprise
  • Small & Medium Enterprises (SMEs)

 

Questions Answered in Performance Bank Guarantee Market Research Report    

  • Who are the leading market players active in the performance bank guarantee market?
  • What would be the detailed impact of COVID-19 on the performance bank guarantee market size?
  • How current performance bank guarantee market trends would influence the industry in the next few years?
  • What are the driving factors, restraints, and opportunities in the performance bank guarantee market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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