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| Report Code: A08305 | Jan 2021 | Pages: 260 | ||
| Tables: 66 | Charts: 38 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Trade Credit Insurance Market
Request Now !The global trade credit insurance market size was valued at $9.39 billion in 2019, and is projected to reach $18.14 billion by 2027, growing at a CAGR of 8.6% from 2020 to 2027. Trade credit insurance is a type of insurance designed to protect businesses from political & commercial risks that may influence the finances of the business. It is a type of property & casualty insurance, generally offered by private insurance companies and governmental export credit agencies to business entities or individuals. Moreover, trade credit insurance is largely used to protect accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy.
In the wake of COVID-19 global health crisis which has accelerated uncertainty & protectionism in global trade, the demand for trade credit insurance has increased tremendously in order to overcome the negative impact on the industry.
Rise in focus toward protecting & mitigating risk from non-payment across many types of good & services and expansion of trade in different regions demanding credit insurance are becoming major growth factors for the market. In addition, benefits offered, such as sales support & account receivable support provided by credit insurance, is becoming another major factor propelling the trade credit insurance market growth.
However, lack of awareness of credit insurance across the globe and varied & conflicting trade regulations across different jurisdictions are some of the factors that limit the market growth. Furthermore, developing economies offer significant opportunities for credit insurance solution providers to expand & develop their offerings, especially among emerging economies such as Australia, China, India, Singapore, and South Korea. In addition, surge in small & medium-sized enterprises expanding their businesses is expected to provide lucrative opportunities to the trade credit insurance market share in the coming years.
The large enterprises segment dominated the trade credit insurance market in 2019, and is projected to maintain its dominance during the forecast period. This is attributed to the fact that enterprises under this category are involved in bulk trading & huge amount of data. Therefore, to protect finances & overcome political & commercial risks, this segment emphasizes on the importance of trade credit insurance solutions & services in the market.
The report focuses on growth prospects, restraints, and trends of the trade credit insurance market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the trade credit insurance market.
The trade credit insurance market is segmented on the basis of component, enterprise size, application, coverage, industry vertical, and region. Based on component, the market is bifurcated into products and services. On the basis of enterprise size, it is segmented into large enterprises, medium enterprises, and small enterprises. By application, it is categorized into domestic and international.
By coverage, the market is bifurcated whole turnover coverage and single buyer coverage. Based on industry vertical, it is segmented into food & beverages, IT & telecom, metals & mining, healthcare, energy & utilities, automotive, and others. Region-wise, the trade credit insurance market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the trade credit insurance market such as American International Group Inc., Aon plc, Atradius N.V., Coface, Credendo, EULER HERMES, Export Development Canada, QBE Insurance (Australia) Ltd., SINOSURE, and Zurich. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.
The COVID-19 pandemic has a significant impact on the trade credit insurance market, owing to increased uncertainty & protectionism in global trade, which is set to boost the demand for trade credit insurance.
Moreover, to curb the spread of virus, several regions have imposed lockdown, which has financially affected businesses. Therefore, trade credit insurance products are gaining momentum during the pandemic situation. This, in turn, has become one of the major growth factors for the trade credit insurance industry during the global health crisis.
Market Landscape and Trends
The trade credit insurance market has witnessed significant growth and evolving trends in recent years. One of the prominent trend is the increasing demand for trade credit insurance among businesses across various sectors. With the globalization of markets and rise in international trade, companies are recognizing the importance of safeguarding their accounts receivable. Thus, trade credit insurance offers financial security by mitigating the risk of customer insolvency, protracted default, or political events that can impact payment capabilities. Another trend is the expansion of trade credit insurance coverage to emerging markets. As businesses explore new markets and establish trade relationships with companies in developing economies, the need for risk protection becomes even more critical. Therefore, trade credit insurers are extending their services to regions with high growth potential, such as Asia-Pacific, Africa, and Latin America, offering tailored solutions that cater to the unique risks associated with these markets.
In addition, technological advancements shape the trade credit insurance landscape. Insurtech innovations, such as automated underwriting processes, data analytics, and digital platforms, are streamlining operations and enhancing the efficiency of policy issuance and claims management. These advancements enable insurers to provide quicker and more accurate risk assessments, making trade credit insurance more accessible and customizable for businesses of all sizes.
Furthermore, the trade credit insurance market is experiencing notable trends driven by factors such as globalization, emerging markets, technological advancements, and the impact of the COVID-19 pandemic. Hence, as businesses continue to navigate an evolving trade landscape, trade credit insurance is poised to play a crucial role in managing credit risks and ensuring the stability of international trade transactions. Therefore, these are some of the major market trends of the trade credit insurance market.
Government Initiatives
Government initiatives for the trade credit insurance market vary across different countries, reflecting the diverse approaches taken to support and facilitate international trade. In many nations, governments recognize the crucial role played by trade credit insurance to mitigate risks and boost confidence among businesses engaged in cross-border transactions. As a result, they have implemented various measures to encourage the growth and stability of the trade credit insurance market. These initiatives often include establishing public-private partnerships to provide trade credit insurance coverage, offering financial support or subsidies to reduce premiums, creating dedicated insurance funds to support exporters, and enhancing regulatory frameworks to ensure fair and transparent practices. In addition, governments frequently collaborate with industry associations and insurance providers to develop innovative solutions, such as digital platforms for streamlined underwriting processes and information sharing. Hence, all these government initiatives aim to foster trade, safeguard businesses against payment defaults and insolvencies, and ultimately promote economic growth in both, domestic and international markets.
Top Impacting Factors
With an increased export & import of goods & services worldwide, the expansion of trade in new regions has gained momentum in the market. In addition, due to this increased trade, which includes issuing letters of credit (LCs), receivables & invoice finance, and others, the demand for credit insurance has accelerated and is expected to maintain its dominance during the trade credit insurance forecast period.
Moreover, trade credit is used by manufactures, importers, exporters, buyers, and sellers to ease financing activities during trade. Therefore, surge in requirement of goods & services from one country to another and expansion of trade in different regions have increased, thereby boosting the demand for trade credit insurance in the market.
Various laws set have different standards & regulation across different jurisdictions with an increased unified approach taken by financial centers toward trade regulation. This becomes a crucial factor for credit insurance companies to elaborate solutions, which brings an inter-regulation conflict and hinders the growth of the credit insurance market.
For instance, in the U.S., Export Credit Insurance (ECI) protects an exporter of products & services against the risk of non-payment by a foreign buyer. Therefore, to meet regulatory norms of respective countries before providing trade credit insurance is a major factor that hampers the trade credit insurance market growth.
Key Benefits For Stakeholders
Trade Credit Insurance Market Report Highlights
| Aspects | Details |
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| By Component |
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| By Enterprises Size |
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| By Coverages |
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| By Industry Vertical |
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| By Application |
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| By Region |
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| Key Market Players | AON PLC, EULER HERMES, ATRADIUS N.V., COFACE, CREDENDO, QBE INSURANCE (AUSTRALIA) LTD., SINOSURE, EXPORT DEVELOPMENT CANADA, AMERICAN INTERNATIONAL GROUP, INC., ZURICH |
CHAPTER 1:INTRODUCTION
1.1.REPORT DESCRIPTION
1.2.KEY MARKET SEGMENTS
1.3.KEY BENEFITS
1.4.RESEARCH METHODOLOGY
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO PERSPECTIVE
CHAPTER 3:MARKET LANDSCAPE
3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.PORTER'S FIVE FORCES ANALYSIS
3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers
3.4.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING
3.5.MARKET DYNAMICS
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 IMPACT ANALYSIS ON TRADE CREDIT INSURANCE MARKET
3.6.1.Impact on trade credit insurance market size
3.6.2.Change in regulatory trends, preferences, and budget impact, owing to COVID-19
3.6.3.Framework for market challenges faced by trade credit insurance providers
3.6.4.Economic impact on trade credit insurance providers
3.6.5.Key player strategies to tackle negative impact on the industry
3.6.6.Opportunity analysis for trade credit insurance providers
CHAPTER 4:TRADE CREDIT INSURANCE MARKET BY COMPONENT
4.1.OVERVIEW
4.2. PRODUCT
4.2.1.Key market trends, Growth factors and opportunities
4.2.2.Market size and forecast by region
4.2.3.Market analysis by country
4.3.SERVICES
4.3.1.Key market trends, Growth factors and opportunities
4.3.2.Market size and forecast by region
4.3.3.Market analysis by country
CHAPTER 5:TRADE CREDIT INSURANCE MARKET BY ENTERPRISE SIZE
5.1.OVERVIEW
5.2. LARGE ENTERPRISES
5.2.1.Key market trends, Growth factors and opportunities
5.2.2.Market size and forecast by region
5.2.3.Market analysis by country
5.3.MEDIUM ENTERPRISES
5.3.1.Key market trends, Growth factors and opportunities
5.3.2.Market size and forecast by region
5.3.3.Market analysis by country
5.4.SMALL ENTERPRISE
5.4.1.Key market trends, Growth factors and opportunities
5.4.2.Market size and forecast by region
5.4.3.Market analysis by country
CHAPTER 6:TRADE CREDIT INSURANCE MARKET BY COVERAGES
6.1.OVERVIEW
6.2.WHOLE TURNOVER COVERAGE
6.2.1.Key market trends, Growth factors and opportunities
6.2.2.Market size and forecast by region
6.2.3.Market analysis by country
6.3.SINGLE BUYER COVERAGE
6.3.1.Key market trends, Growth factors and opportunities
6.3.2.Market size and forecast by region
6.3.3.Market analysis by country
CHAPTER 7:TRADE CREDIT INSURANCE MARKET BY INDUSTRY VERTICAL
7.1.OVERVIEW
7.2.FOOD & BEVERAGES
7.2.1.Key market trends, Growth factors and opportunities
7.2.2.Market size and forecast by region
7.2.3.Market analysis by country
7.3.IT & TELECOM
7.3.1.Key market trends, Growth factors and opportunities
7.3.2.Market size and forecast by region
7.3.3.Market analysis by country
7.4.METALS & MINING
7.4.1.Key market trends, Growth factors and opportunities
7.4.2.Market size and forecast by region
7.4.3.Market analysis by country
7.5.HEALTHCARE
7.5.1.Key market trends, Growth factors and opportunities
7.5.2.Market size and forecast by region
7.5.3.Market analysis by country
7.6.ENERGY & UTILITIES
7.6.1.Key market trends, Growth factors and opportunities
7.6.2.Market size and forecast by region
7.6.3.Market analysis by country
7.7. AUTOMOTIVE
7.7.1.Key market trends, Growth factors and opportunities
7.7.2.Market size and forecast by region
7.7.3.Market analysis by country
7.8.OTHERS
7.8.1.Key market trends, Growth factors and opportunities
7.8.2.Market size and forecast by region
7.8.3.Market analysis by country
CHAPTER 8:TRADE CREDIT INSURANCE MARKET BY APPLICATION
8.1.OVERVIEW
8.2. DOMESTIC
8.2.1.Key market trends, Growth factors and opportunities
8.2.2.Market size and forecast by region
8.2.3.Market analysis by country
8.3.INTERNATIONAL
8.3.1.Key market trends, Growth factors and opportunities
8.3.2.Market size and forecast by region
8.3.3.Market analysis by country
CHAPTER 9:TRADE CREDIT INSURANCE MARKET BY REGION
9.1.OVERVIEW
9.2.NORTH AMERICA
9.2.1.Key market trends and opportunities
9.2.2.Market size and forecast by Component
9.2.3.Market size and forecast by Enterprise Size
9.2.4.Market size and forecast by Coverages
9.2.5.Market size and forecast by Industry Vertical
9.2.6.Market size and forecast by Application
9.2.7.Market size and forecast by Country
9.2.8.U.S. TRADE CREDIT INSURANCE MARKET
9.2.8.1.Market size and forecast by Component
9.2.8.2.Market size and forecast by Enterprise Size
9.2.8.3.Market size and forecast by Coverages
9.2.8.4.Market size and forecast by Industry Vertical
9.2.8.5.Market size and forecast by Application
9.2.9.CANADA TRADE CREDIT INSURANCE MARKET
9.2.9.1.Market size and forecast by Component
9.2.9.2.Market size and forecast by Enterprise Size
9.2.9.3.Market size and forecast by Coverages
9.2.9.4.Market size and forecast by Industry Vertical
9.2.9.5.Market size and forecast by Application
9.3.EUROPE
9.3.1.Key market trends and opportunities
9.3.2.Market size and forecast by Component
9.3.3.Market size and forecast by Enterprise Size
9.3.4.Market size and forecast by Coverages
9.3.5.Market size and forecast by Industry Vertical
9.3.6.Market size and forecast by Application
9.3.7.Market size and forecast by Country
9.3.8.UK TRADE CREDIT INSURANCE MARKET
9.3.8.1.Market size and forecast by Component
9.3.8.2.Market size and forecast by Enterprise Size
9.3.8.3.Market size and forecast by Coverages
9.3.8.4.Market size and forecast by Industry Vertical
9.3.8.5.Market size and forecast by Application
9.3.9.GERMANY TRADE CREDIT INSURANCE MARKET
9.3.9.1.Market size and forecast by Component
9.3.9.2.Market size and forecast by Enterprise Size
9.3.9.3.Market size and forecast by Coverages
9.3.9.4.Market size and forecast by Industry Vertical
9.3.9.5.Market size and forecast by Application
9.3.10.FRANCE TRADE CREDIT INSURANCE MARKET
9.3.10.1.Market size and forecast by Component
9.3.10.2.Market size and forecast by Enterprise Size
9.3.10.3.Market size and forecast by Coverages
9.3.10.4.Market size and forecast by Industry Vertical
9.3.10.5.Market size and forecast by Application
9.3.11.ITALY TRADE CREDIT INSURANCE MARKET
9.3.11.1.Market size and forecast by Component
9.3.11.2.Market size and forecast by Enterprise Size
9.3.11.3.Market size and forecast by Coverages
9.3.11.4.Market size and forecast by Industry Vertical
9.3.11.5.Market size and forecast by Application
9.3.12.SPAIN TRADE CREDIT INSURANCE MARKET
9.3.12.1.Market size and forecast by Component
9.3.12.2.Market size and forecast by Enterprise Size
9.3.12.3.Market size and forecast by Coverages
9.3.12.4.Market size and forecast by Industry Vertical
9.3.12.5.Market size and forecast by Application
9.3.13.NETHERLANDS TRADE CREDIT INSURANCE MARKET
9.3.13.1.Market size and forecast by Component
9.3.13.2.Market size and forecast by Enterprise Size
9.3.13.3.Market size and forecast by Coverages
9.3.13.4.Market size and forecast by Industry Vertical
9.3.13.5.Market size and forecast by Application
9.3.14.REST OF EUROPE TRADE CREDIT INSURANCE MARKET
9.3.14.1.Market size and forecast by Component
9.3.14.2.Market size and forecast by Enterprise Size
9.3.14.3.Market size and forecast by Coverages
9.3.14.4.Market size and forecast by Industry Vertical
9.3.14.5.Market size and forecast by Application
9.4.ASIA-PACIFIC
9.4.1.Key market trends and opportunities
9.4.2.Market size and forecast by Component
9.4.3.Market size and forecast by Enterprise Size
9.4.4.Market size and forecast by Coverages
9.4.5.Market size and forecast by Industry Vertical
9.4.6.Market size and forecast by Application
9.4.7.Market size and forecast by Country
9.4.8.CHINA TRADE CREDIT INSURANCE MARKET
9.4.8.1.Market size and forecast by Component
9.4.8.2.Market size and forecast by Enterprise Size
9.4.8.3.Market size and forecast by Coverages
9.4.8.4.Market size and forecast by Industry Vertical
9.4.8.5.Market size and forecast by Application
9.4.9.INDIA TRADE CREDIT INSURANCE MARKET
9.4.9.1.Market size and forecast by Component
9.4.9.2.Market size and forecast by Enterprise Size
9.4.9.3.Market size and forecast by Coverages
9.4.9.4.Market size and forecast by Industry Vertical
9.4.9.5.Market size and forecast by Application
9.4.10.JAPAN TRADE CREDIT INSURANCE MARKET
9.4.10.1.Market size and forecast by Component
9.4.10.2.Market size and forecast by Enterprise Size
9.4.10.3.Market size and forecast by Coverages
9.4.10.4.Market size and forecast by Industry Vertical
9.4.10.5.Market size and forecast by Application
9.4.11.SINGAPORE TRADE CREDIT INSURANCE MARKET
9.4.11.1.Market size and forecast by Component
9.4.11.2.Market size and forecast by Enterprise Size
9.4.11.3.Market size and forecast by Coverages
9.4.11.4.Market size and forecast by Industry Vertical
9.4.11.5.Market size and forecast by Application
9.4.12.AUSTRALIA TRADE CREDIT INSURANCE MARKET
9.4.12.1.Market size and forecast by Component
9.4.12.2.Market size and forecast by Enterprise Size
9.4.12.3.Market size and forecast by Coverages
9.4.12.4.Market size and forecast by Industry Vertical
9.4.12.5.Market size and forecast by Application
9.4.13.REST OF ASIA-PACIFIC TRADE CREDIT INSURANCE MARKET
9.4.13.1.Market size and forecast by Component
9.4.13.2.Market size and forecast by Enterprise Size
9.4.13.3.Market size and forecast by Coverages
9.4.13.4.Market size and forecast by Industry Vertical
9.4.13.5.Market size and forecast by Application
9.5.LAMEA
9.5.1.Key market trends and opportunities
9.5.2.Market size and forecast by Component
9.5.3.Market size and forecast by Enterprise Size
9.5.4.Market size and forecast by Coverages
9.5.5.Market size and forecast by Industry Vertical
9.5.6.Market size and forecast by Application
9.5.7.Market size and forecast by Country
9.5.8.LATIN AMERICA TRADE CREDIT INSURANCE MARKET
9.5.8.1.Market size and forecast by Component
9.5.8.2.Market size and forecast by Enterprise Size
9.5.8.3.Market size and forecast by Coverages
9.5.8.4.Market size and forecast by Industry Vertical
9.5.8.5.Market size and forecast by Application
9.5.9.MIDDLE EAST TRADE CREDIT INSURANCE MARKET
9.5.9.1.Market size and forecast by Component
9.5.9.2.Market size and forecast by Enterprise Size
9.5.9.3.Market size and forecast by Coverages
9.5.9.4.Market size and forecast by Industry Vertical
9.5.9.5.Market size and forecast by Application
9.5.10.AFRICA TRADE CREDIT INSURANCE MARKET
9.5.10.1.Market size and forecast by Component
9.5.10.2.Market size and forecast by Enterprise Size
9.5.10.3.Market size and forecast by Coverages
9.5.10.4.Market size and forecast by Industry Vertical
9.5.10.5.Market size and forecast by Application
CHAPTER 10: COMPANY PROFILES
10.1. AMERICAN INTERNATIONAL GROUP, INC.
10.1.1.Company overview
10.1.2.Key Executives
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.Business performance
10.1.7.Key strategic moves and developments
10.2. AON PLC
10.2.1.Company overview
10.2.2.Key Executives
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.Business performance
10.2.7.Key strategic moves and developments
10.3.ATRADIUS N.V.
10.3.1.Company overview
10.3.2.Key Executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio
10.3.6.Business performance
10.3.7.Key strategic moves and developments
10.4.COFACE
10.4.1.Company overview
10.4.2.Key Executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.Business performance
10.4.7.Key strategic moves and developments
10.5.CREDENDO
10.5.1.Company overview
10.5.2.Key Executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.Business performance
10.5.7.Key strategic moves and developments
10.6.EULER HERMES
10.6.1.Company overview
10.6.2.Key Executives
10.6.3.Company snapshot
10.6.4.Operating business segments
10.6.5.Product portfolio
10.6.6.Business performance
10.6.7.Key strategic moves and developments
10.7.EXPORT DEVELOPMENT CANADA
10.7.1.Company overview
10.7.2.Key Executives
10.7.3.Company snapshot
10.7.4.Operating business segments
10.7.5.Product portfolio
10.7.6.Business performance
10.7.7.Key strategic moves and developments
10.8.QBE INSURANCE (AUSTRALIA) LTD.
10.8.1.Company overview
10.8.2.Key Executives
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.Business performance
10.8.7.Key strategic moves and developments
10.9.SINOSURE
10.9.1.Company overview
10.9.2.Key Executives
10.9.3.Company snapshot
10.9.4.Operating business segments
10.9.5.Product portfolio
10.9.6.Business performance
10.9.7.Key strategic moves and developments
10.10.ZURICH
10.10.1.Company overview
10.10.2.Key Executives
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.Business performance
10.10.7.Key strategic moves and developments
LIST OF TABLES
TABLE 1.GLOBAL TRADE CREDIT INSURANCE MARKET, BY COMPONENT 2019-2027 ($MILLION)
TABLE 2.TRADE CREDIT INSURANCE MARKET FOR PRODUCT, BY REGION, 2019-2027 ($MILLION)
TABLE 3.TRADE CREDIT INSURANCE MARKET FOR SERVICES, BY REGION, 2019-2027 ($MILLION)
TABLE 4.GLOBAL TRADE CREDIT INSURANCE MARKET, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 5.TRADE CREDIT INSURANCE MARKET FOR LARGE ENTERPRISES, BY REGION, 2019-2027 ($MILLION)
TABLE 6.TRADE CREDIT INSURANCE MARKET FOR MEDIUM ENTERPRISES, BY REGION, 2019-2027 ($MILLION)
TABLE 7.TRADE CREDIT INSURANCE MARKET FOR SMALL ENTERPRISE, BY REGION, 2019-2027 ($MILLION)
TABLE 8.GLOBAL TRADE CREDIT INSURANCE MARKET, BY COVERAGES 2019-2027 ($MILLION)
TABLE 9.TRADE CREDIT INSURANCE MARKET FOR WHOLE TURNOVER COVERAGE, BY REGION, 2019-2027 ($MILLION)
TABLE 10.TRADE CREDIT INSURANCE MARKET FOR SINGLE BUYER COVERAGE, BY REGION, 2019-2027 ($MILLION)
TABLE 11.GLOBAL TRADE CREDIT INSURANCE MARKET, BY INDUSTRY VERTICAL 2019-2027 ($MILLION)
TABLE 12.TRADE CREDIT INSURANCE MARKET FOR FOOD & BEVERAGES, BY REGION, 2019-2027 ($MILLION)
TABLE 13.TRADE CREDIT INSURANCE MARKET FOR IT & TELECOM, BY REGION, 2019-2027 ($MILLION)
TABLE 14.TRADE CREDIT INSURANCE MARKET FOR METALS & MINING, BY REGION, 2019-2027 ($MILLION)
TABLE 15.TRADE CREDIT INSURANCE MARKET FOR HEALTHCARE, BY REGION, 2019-2027 ($MILLION)
TABLE 16.TRADE CREDIT INSURANCE MARKET FOR ENERGY & UTILITIES, BY REGION, 2019-2027 ($MILLION)
TABLE 17.TRADE CREDIT INSURANCE MARKET FOR AUTOMOTIVE, BY REGION, 2019-2027 ($MILLION)
TABLE 18.TRADE CREDIT INSURANCE MARKET FOR OTHERS, BY REGION, 2019-2027 ($MILLION)
TABLE 19.GLOBAL TRADE CREDIT INSURANCE MARKET, BY APPLICATION 2019-2027 ($MILLION)
TABLE 20.TRADE CREDIT INSURANCE MARKET FOR DOMESTIC, BY REGION, 2019-2027 ($MILLION)
TABLE 21.TRADE CREDIT INSURANCE MARKET FOR INTERNATIONAL, BY REGION, 2019-2027 ($MILLION)
TABLE 22.TRADE CREDIT INSURANCE MARKET FOR, BY REGION, 2019-2027 ($MILLION)
TABLE 23.NORTH AMERICA TRADE CREDIT INSURANCE, BY COMPONENT 2019-2027 ($MILLION)
TABLE 24.NORTH AMERICA TRADE CREDIT INSURANCE, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 25.NORTH AMERICA TRADE CREDIT INSURANCE, BY COVERAGES 2019-2027 ($MILLION)
TABLE 26.NORTH AMERICA TRADE CREDIT INSURANCE, BY INDUSTRY VERTICAL 2019-2027 ($MILLION)
TABLE 27.NORTH AMERICA TRADE CREDIT INSURANCE, BY APPLICATION 2019-2027 ($MILLION)
TABLE 28.NORTH AMERICA TRADE CREDIT INSURANCE, BY REGION, 2019-2027 ($MILLION)
TABLE 29.EUROPE TRADE CREDIT INSURANCE, BY COMPONENT 2019-2027 ($MILLION)
TABLE 30.EUROPE TRADE CREDIT INSURANCE, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 31.EUROPE TRADE CREDIT INSURANCE, BY COVERAGES 2019-2027 ($MILLION)
TABLE 32.EUROPE TRADE CREDIT INSURANCE, BY INDUSTRY VERTICAL 2019-2027 ($MILLION)
TABLE 33.EUROPE TRADE CREDIT INSURANCE, BY APPLICATION 2019-2027 ($MILLION)
TABLE 34.EUROPE TRADE CREDIT INSURANCE, BY REGION, 2019-2027 ($MILLION)
TABLE 35.ASIA-PACIFIC TRADE CREDIT INSURANCE, BY COMPONENT 2019-2027 ($MILLION)
TABLE 36.ASIA-PACIFIC TRADE CREDIT INSURANCE, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 37.ASIA-PACIFIC TRADE CREDIT INSURANCE, BY COVERAGES 2019-2027 ($MILLION)
TABLE 38.ASIA-PACIFIC TRADE CREDIT INSURANCE, BY INDUSTRY VERTICAL 2019-2027 ($MILLION)
TABLE 39.ASIA-PACIFIC TRADE CREDIT INSURANCE, BY APPLICATION 2019-2027 ($MILLION)
TABLE 40.ASIA-PACIFIC TRADE CREDIT INSURANCE, BY REGION, 2019-2027 ($MILLION)
TABLE 41.LAMEA TRADE CREDIT INSURANCE, BY COMPONENT 2019-2027 ($MILLION)
TABLE 42.LAMEA TRADE CREDIT INSURANCE, BY ENTERPRISE SIZE 2019-2027 ($MILLION)
TABLE 43.LAMEA TRADE CREDIT INSURANCE, BY COVERAGES 2019-2027 ($MILLION)
TABLE 44.LAMEA TRADE CREDIT INSURANCE, BY INDUSTRY VERTICAL 2019-2027 ($MILLION)
TABLE 45.LAMEA TRADE CREDIT INSURANCE, BY APPLICATION 2019-2027 ($MILLION)
TABLE 46.LAMEA TRADE CREDIT INSURANCE, BY REGION, 2019-2027 ($MILLION)
TABLE 47.AMERICAN INTERNATIONAL GROUP, INC.: COMPANY SNAPSHOT
TABLE 48.AMERICAN INTERNATIONAL GROUP, INC.: OPERATING SEGMENTS
TABLE 49.AON PLC: COMPANY SNAPSHOT
TABLE 50.AON PLC: OPERATING SEGMENTS
TABLE 51.ATRADIUS N.V.: COMPANY SNAPSHOT
TABLE 52.ATRADIUS N.V.: OPERATING SEGMENTS
TABLE 53.COFACE: COMPANY SNAPSHOT
TABLE 54.COFACE: OPERATING SEGMENTS
TABLE 55.CREDENDO: COMPANY SNAPSHOT
TABLE 56.CREDENDO: OPERATING SEGMENTS
TABLE 57.EULER HERMES: COMPANY SNAPSHOT
TABLE 58.EULER HERMES: OPERATING SEGMENTS
TABLE 59.EXPORT DEVELOPMENT CANADA: COMPANY SNAPSHOT
TABLE 60.EXPORT DEVELOPMENT CANADA: OPERATING SEGMENTS
TABLE 61.QBE INSURANCE (AUSTRALIA) LTD.: COMPANY SNAPSHOT
TABLE 62.QBE INSURANCE (AUSTRALIA) LTD.: OPERATING SEGMENTS
TABLE 63.SINOSURE: COMPANY SNAPSHOT
TABLE 64.SINOSURE: OPERATING SEGMENTS
TABLE 65.ZURICH: COMPANY SNAPSHOT
TABLE 66.ZURICH: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1.GLOBAL TRADE CREDIT INSURANCE MARKET SEGMENTATION
FIGURE 2.TOP INVESTMENT POCKET
FIGURE 3.TOP WINNING STRATEGIES (%)
FIGURE 4.TRADE CREDIT INSURANCE MARKET FOR PRODUCT, 2019-2027 ($MILLION)
FIGURE 5.TRADE CREDIT INSURANCE MARKET FOR SERVICES, 2019-2027 ($MILLION)
FIGURE 6.TRADE CREDIT INSURANCE MARKET FOR LARGE ENTERPRISES, 2019-2027 ($MILLION)
FIGURE 7.TRADE CREDIT INSURANCE MARKET FOR MEDIUM ENTERPRISES, 2019-2027 ($MILLION)
FIGURE 8.TRADE CREDIT INSURANCE MARKET FOR SMALL ENTERPRISE, 2019-2027 ($MILLION)
FIGURE 9.TRADE CREDIT INSURANCE MARKET FOR WHOLE TURNOVER COVERAGE, 2019-2027 ($MILLION)
FIGURE 10.TRADE CREDIT INSURANCE MARKET FOR SINGLE BUYER COVERAGE, 2019-2027 ($MILLION)
FIGURE 11.TRADE CREDIT INSURANCE MARKET FOR FOOD & BEVERAGES, 2019-2027 ($MILLION)
FIGURE 12.TRADE CREDIT INSURANCE MARKET FOR IT & TELECOM, 2019-2027 ($MILLION)
FIGURE 13.TRADE CREDIT INSURANCE MARKET FOR METALS & MINING, 2019-2027 ($MILLION)
FIGURE 14.TRADE CREDIT INSURANCE MARKET FOR HEALTHCARE, 2019-2027 ($MILLION)
FIGURE 15.TRADE CREDIT INSURANCE MARKET FOR ENERGY & UTILITIES, 2019-2027 ($MILLION)
FIGURE 16.TRADE CREDIT INSURANCE MARKET FOR AUTOMOTIVE, 2019-2027 ($MILLION)
FIGURE 17.TRADE CREDIT INSURANCE MARKET FOR OTHERS, 2019-2027 ($MILLION)
FIGURE 18.TRADE CREDIT INSURANCE MARKET FOR DOMESTIC, 2019-2027 ($MILLION)
FIGURE 19.TRADE CREDIT INSURANCE MARKET FOR INTERNATIONAL, 2019-2027 ($MILLION)
FIGURE 20.GLOBAL TRADE CREDIT INSURANCE, BY REGION, 2019 (%)
FIGURE 21.U.S. TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 22.CANADA TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 23.UK TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 24.GERMANY TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 25.FRANCE TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 26.ITALY TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 27.SPAIN TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 28.NETHERLANDS TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 29.REST OF EUROPE TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 30.CHINA TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 31.INDIA TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 32.JAPAN TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 33.SINGAPORE TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 34.AUSTRALIA TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 35.REST OF ASIA-PACIFIC TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 36.LATIN AMERICA TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 37.MIDDLE EAST TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
FIGURE 38.AFRICA TRADE CREDIT INSURANCE MARKET, 2019-2027 ($MILLION)
Regulatory bodies across several countries are promoting global trade and numerous small & medium enterprises, which are expected to increase the demand for trade credit insurance policy to overcome commercial & political risk while trading. As a result, it is becoming a major trend in the market. In addition, the COVID-19 outbreak has a significant impact on the trade credit insurance market, as several businesses aims at investing in protecting finances during this global health crisis while insurance companies are focusing toward expanding their offerings in the market.
However, a considerable number of companies perceive that they have minimum trade credit insurance exposure. This scenario is changing, and 2019 has witnessed an increase in sale of credit insurance, owing to rapid expansion of trading primarily among manufacturing sectors globally, which has led to increased adoption of trade credit insurance for the finances involved in the business.
The trade credit insurance market is fragmented with the presence of regional vendors such as American International Group, Inc., Atradius N.V., and Coface. Europe dominated the trade credit insurance market, in terms of revenue in 2019. However, Asia-Pacific is expected to experience significant growth in the future, owing to emerging economies, increase in government support toward trading globally, thereby accelerating the demand for trade credit insurance in the region.
Furthermore, the trade credit insurance market is particularly brisk in countries, such as India, Australia, China, Japan, Indonesia, Korea, Hong Kong, Taiwan, with high GDP growth and rise in per capita income. Some of the key players profiled in the report include Aon plc, Credendo, EULER HERMES, Export Development Canada, QBE Insurance (Australia) Ltd., SINOSURE, and Zurich. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
A. The Trade Credit Insurance Market is estimated to grow at a CAGR of 8.6% from 2020 to 2027.
A. The Trade Credit Insurance Market is projected to reach $18.14 billion by 2027.
A. To get the latest version of sample report
A. Rapid expansion of new geographic markets, and increasing commercial threat to the trade etc. boost the Trade Credit Insurance market growth.
A. The key players profiled in the report include American International Group Inc., Aon plc, Atradius N.V., Coface, Credendo, EULER HERMES, and many more.
A. On the basis of top growing big corporations, we select top 10 players.
A. The Trade Credit Insurance Market is segmented on the basis of component, enterprise size, application, coverage, industry vertical, and region.
A. The key growth strategies of Trade Credit Insurance market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. Large Enterprises segment holds a dominant position throughout the forecast period.
A. Asia-Pacific region would exhibit the highest CAGR of 10.7% during 2020 - 2027.
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