Australia Bank Guarantee Market To Reach $ 645.71 Million By


Portland, OR, September 23, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the Australian Bank Guarantee Market generated $ 348.16 million in 2020, and is expected to reach $ 645.71 million by 2030, witness a 6.4% CAGR from 2021 to 2030. The report provides detailed analysis of changing market dynamics, key segments, major investment pockets, regional scenarios, value chain and competitive landscape.

The reduction of financial risk risks for importers and exporters, the ease of cross-border transactions for importers and exporters and the digitization of bank guarantee platforms are driving the growth of the Australian bank guarantee market. However, the lack of credit facilities for SMEs is slowing the growth of the market. On the other hand, increased import and export activity between Australia and other countries presents new opportunities in the years to come.

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Covid-19 scenario:

  • Due to the digitalization of trade-related transactions, banks have focused on financial guarantee products, including supply chain finance and letters of credit, to provide speed and security of transactions for buyers and sellers. .
  • During the lockdown, the country’s transport ban resulted in irregularities in the demand and supply of goods, which in turn resulted in the closure of various businesses in several verticals. This has had an impact on the demand for bank guarantee products.

The report offers detailed segmentation of the Australia Bank Guarantees Market on the basis of type, application, end user, and company size.

Depending on the type, the financial guarantees segment represented the highest share in 2020, contributing more than three-fifths of the total share, and is expected to maintain its leading position during the forecast period. Moreover, this segment is expected to register the highest CAGR of 7.1% from 2021 to 2030. The research also analyzes the performance guarantee segment.

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Based on applications, the international segment held the highest share in 2020, contributing almost four-fifths of the Australian bank guarantee market, and is expected to maintain its leadership status during the forecast period. However, the domestic segment is expected to post the fastest CAGR of 7.7% from 2021 to 2030.

On an end-user basis, the exporters segment contributed the highest share in 2020, accounting for nearly three-fifths of the total share, and is expected to maintain its dominance in terms of revenue by 2030. However, The importer segment is expected to account for the largest CAGR of 7.4% during the forecast period.

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The major players in the Australian bank guarantees market analyzed in the research include Australia and New Zealand Banking Group Limited (ANZ), Citigroup, Inc., BNP Paribas, Deutsche Bank AG, DBS Bank, JPMorgan Chase & Co., HSBC Holdings PLC, Standard Chartered PLC, Mitsubishi UFJ Financial Group, Inc. and United Overseas Bank Limited (UOB).

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.


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