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.
This report contains market size and forecasts of Performance Bank Guarantee in Global, including the following market information:
Global Performance Bank Guarantee Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Performance Bank Guarantee market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Payment Guarantee Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Performance Bank Guarantee include Macquarie Group Limited, ICICI Bank Limited, HDFC Bank Ltd., Citibank, Wells Fargo & Company, JPMorgan Chase & Co., UBS Group AG, DBS Bank and United Overseas Bank Limited and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Performance Bank Guarantee companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Performance Bank Guarantee Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Performance Bank Guarantee Market Segment Percentages, by Type, 2021 (%)
Payment Guarantee
Shipping Guarantee
Global Performance Bank Guarantee Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Performance Bank Guarantee Market Segment Percentages, by Application, 2021 (%)
Large Enterprise
Small & Medium Enterprises (SMEs)
Global Performance Bank Guarantee Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Performance Bank Guarantee Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Performance Bank Guarantee revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Performance Bank Guarantee revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players 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
Deutsche Bank AG