Performance Bank Guarantee Market Size
| Study Period | 2020 - 2030 |
| Market Size (2025) | USD 26.75 Billion |
| Market Size (2030) | USD 34.30 Billion |
| CAGR (2025 - 2030) | 5.10% |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Performance Bank Guarantee Market Analysis
The Performance Bank Guarantee Market size is estimated at USD 26.75 billion in 2025, and is expected to reach USD 34.30 billion by 2030, at a CAGR of 5.1% during the forecast period (2025-2030).
Due to the increased global trade and business expansion, the growth rate of the performance bank guarantee market has increased. The performance bank plays a vital role as companies look to expand their operations internationally. They often need assurances that their partners or contractors will fulfill their obligations.
With globalization and businesses operating across borders, the demand for these guarantees has steadily risen. This growth is driven by the need for trust and security in complex international business transactions, making performance bank guarantees a crucial tool for facilitating global commerce.
Performance Bank Guarantee Market Trends
Online Performance Bank Guarantees (PBGs) Witnessing Robust Growth Amidst Digitization of Financial Services and Trade Facilitation
Online Performance Bank Guarantees (PBGs) have been witnessing significant growth, driven by several factors contributing to the digitization of financial services and the trade facilitation process. The overall trend of digital transformation across industries has led to increased demand for online PBGs. Businesses and financial institutions are increasingly adopting digital solutions to streamline processes, enhance efficiency, and reduce paperwork associated with traditional PBG issuance. Through digital platforms, applicants can request and obtain PBGs more quickly, reducing administrative burden and turnaround time.
The rise of globalization and cross-border trade has amplified the demand for online PBGs. Digital platforms enable seamless issuance and verification of PBGs across international borders, facilitating trade transactions and fostering trust between parties involved in global supply chains. Online PBG platforms are increasingly integrated with trade finance platforms and digital trade ecosystems. This integration enables seamless coordination between PBG issuance and other trade finance activities, such as letters of credit and supply chain finance, further enhancing efficiency and visibility in trade transactions.
Asia Pacific Dominating the Performance Bank Guarantee Market
The performance bank guarantee market in the Asia Pacific region has experienced significant growth. The surge in the market demand can be attributed to the region's robust economic growth, rising infrastructure projects, and a heightened need for financial instruments that support trade and business activities. The market size has been expanding, fueled by the rising number of construction projects, public-private partnerships, and international trade transactions in the region.
APAC is a hub for international trade and commerce. Countries like China, Japan, South Korea, and Singapore are major players in global trade, attracting investments and business collaborations. Performance bank guarantees serve as essential tools to ensure payment security and fulfill contractual obligations in cross-border transactions. As a result, the dominance of the Asia Pacific market is driven by the high demand for performance bank guarantees to support international trade activities.
Several countries in the Asia Pacific region have made significant contributions to the growth of the market. For Instance, China's Belt and Road Initiative (BRI), which aims to enhance global connectivity through infrastructure investments, has further boosted the need for performance bank guarantees in cross-border transactions. Similarly, the implementation of Goods and Services Tax (GST) and the push for digitalization in India have also contributed to the market's growth, facilitating the issuance and management of guarantees.
Performance Bank Guarantee Industry Overview
The report covers the major players operating in performance bank guarantee market. The market is consolidated, and the market is expected to grow during the forecast period due to the international trade and investments, infrastructure development and many other factors driving the market. Some prominent players include Citigroup, HSBC Group, Deutsche Bank, DBS Bank, and Wells Fargo & Company.
Performance Bank Guarantee Market Leaders
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Citigroup
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HSBC Group
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Deutsche Bank
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DBS Bank
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Wells Fargo & Company
- *Disclaimer: Major Players sorted in no particular order
Performance Bank Guarantee Market News
- Feb 2023: Public sector Indian Overseas Bank has launched the facility of issuance of e-BG (Electronic Bank Guarantee) scheme in association with the National e-Governance Services Ltd.
- Jan 2023: State Bank of India (SBI) has launched e-Bank Guarantee (e-BG) facility in association with national e-governance services ltd.
Performance Bank Guarantee Industry Segmentation
A performance bank guarantee is a surety bond issued by a bank or financial institution that guarantees the contractor to complete the project as specified in the contract.
The performance bank guarantee market is segmented by type, by application, by bank, by deployment, by geography. The market by type is further segmented into tender guarantee, financial guarantee, advance payment guarantee, foreign bank guarantee, others. The market by application is further segmented into small and medium enterprise, large enterprise, others. The market by bank is further segmented by government, private sector. The market by service deployment is further segmented into online, offline. The market by geography is further segmented into Europe, North America, Asia-pacific, Latin America, Middle-east and Africa. The report offers the value (USD) for the above segments.
| By Type | Tender Guarantee |
| Financial guarantee | |
| Advance payment guarantee | |
| Foreign bank guarantee | |
| Others | |
| By Application | Small and Medium Enterprise |
| Large Enterprise | |
| Others | |
| By Bank | Government |
| Private Sector | |
| By Service Deployment | Online |
| Offline | |
| By Geography | North America |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
| Tender Guarantee |
| Financial guarantee |
| Advance payment guarantee |
| Foreign bank guarantee |
| Others |
| Small and Medium Enterprise |
| Large Enterprise |
| Others |
| Government |
| Private Sector |
| Online |
| Offline |
| North America |
| Europe |
| Asia-Pacific |
| Latin America |
| Middle-East and Africa |
Performance Bank Guarantee Market Research Faqs
How big is the Performance Bank Guarantee Market?
The Performance Bank Guarantee Market size is expected to reach USD 26.75 billion in 2025 and grow at a CAGR of 5.10% to reach USD 34.30 billion by 2030.
What is the current Performance Bank Guarantee Market size?
In 2025, the Performance Bank Guarantee Market size is expected to reach USD 26.75 billion.
Who are the key players in Performance Bank Guarantee Market?
Citigroup, HSBC Group, Deutsche Bank, DBS Bank and Wells Fargo & Company are the major companies operating in the Performance Bank Guarantee Market.
Which is the fastest growing region in Performance Bank Guarantee Market?
North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Performance Bank Guarantee Market?
In 2025, the Asia Pacific accounts for the largest market share in Performance Bank Guarantee Market.
What years does this Performance Bank Guarantee Market cover, and what was the market size in 2024?
In 2024, the Performance Bank Guarantee Market size was estimated at USD 25.39 billion. The report covers the Performance Bank Guarantee Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Performance Bank Guarantee Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Performance Bank Guarantee Industry Report
Statistics for the 2025 Performance Bank Guarantee market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Performance Bank Guarantee analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
