The Trade Credit Insurance Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Trade Credit Insurance Market:
https://www.thebusinessresearchcompany.com/report/trade-credit-insurance-global-market-report
According to The Business Research Company’s Trade Credit Insurance Global Market Report 2024, The trade credit insurance market size has grown strongly in recent years. It will grow from $11.22 billion in 2023 to $12.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to global economic uncertainty, market expansion and international trade growth, risk mitigation for small and medium enterprises (SMEs), compliance with regulatory requirements, access to financing and improved credit terms.
The trade credit insurance market size is expected to see strong growth in the next few years. It will grow to $17.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to global trade volatility, increased focus on supply chain resilience, digitalization of trade finance, emergence of new market entrants, strategic risk management in a post-pandemic landscape. Major trends in the forecast period include blockchain technology for enhanced security, increased demand for non-cancellable policies, risk mitigation strategies for supply chain disruptions, evolving regulatory landscape, rise of parametric insurance solutions.
A surge in the global import and export of goods and services is expected to propel the growth of the trade credit insurance market going forward. Exporting refers to selling products and services to a foreign country. Contrarily, importing is the act of acquiring goods and services from outside and bringing them into one's own nation. Trade credit insurance is employed to shield trading companies' receivables from credit concerns. Trade credit is a tool used by producers, importers, and exporters to simplify finance operations. Trade growth has therefore increased the demand for trade credit insurance. For instance, in February 2022, according to a report shared by the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization within the United Nations Secretariat, the total amount of world trade increased to a record $28.5 trillion in 2021. That represents a 25% increase over 2020 and a 13% increase over 2019. After a third quarter of trade growth that was comparatively weak in 2021, it resumed in the fourth quarter, when trade in goods climbed by about $200 billion, setting a new high of $5.8 trillion. Therefore, a surge in the global import and export of goods and services is driving the growth of the trade credit insurance market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=9029&type=smp
The trade credit insurance market covered in this report is segmented –
1) By Component: Product, Services
2) By Coverages: Whole Turnover Coverage, Single Buyer Coverage
3) By Application: Domestic, Exports
4) By Industry Vertical: Food and Beverages, IT and Telecom, Metals and Mining, Healthcare, Energy and Utilities, Automotive, Other Industry Verticals
Major companies operating in the trade credit insurance market are developing innovative products to meet the evolving needs of businesses. These innovations include the digital transformation of trade credit insurance, offering credit management tools, and providing more flexible and tailored insurance solutions. For instance, in July 2022, the Export Credit Guarantee Corporation of India (ECGC) announced a new scheme to provide enhanced export credit risk insurance cover, insuring up to 90% of the credit risk in export finance. This scheme is expected to benefit small-scale exporters availing of export credit from banks, providing them with increased stability and facilitating further access to export credit from banks, ultimately benefiting industries and exporters. The scheme is part of ECGC's efforts to support and promote Indian exports by providing credit risk protection and facilitating trade finance from banks.
The trade credit insurance market report table of contents includes:
1. Executive Summary
2.Trade Credit Insurance Market Characteristics
3.Trade Credit Insurance Market Trends And Strategies
4.Trade Credit Insurance Market analysis
5.Trade Credit Insurance Market Size And Growth
6.Trade Credit Insurance Segmentation
7.Trade Credit Insurance Regional And Country Analysis
.
.
.
27.Trade Credit Insurance Competitive Landscape And Company Profiles
28.Trade Credit Insurance Key Mergers And Acquisitions
29.Trade Credit Insurance Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Export Development Canada
- AXA SA
- American International Group Inc
- Chubb Limited
- Liberty Mutual Insurance Company
- Sompo Japan Insurance Inc.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Trade Credit Insurance Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the trade credit insurance market include American International Group Inc., Aon plc, Atradius N.V., Coface, Credendo, EULER HERMES, Export Development Canada, QBE Insurance (Australia) Ltd., SINOSURE, and Zurich.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Trade Credit Insurance Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/trade-credit-insurance-market/download-sampleMarket DynamicsRising preference of businesses protection and mitigation risk from non-payment across many types of goods and services and expansion of trade across the globe, demanding trade credit insurance are significantly driving the growth of the market.
The recent outbreak of COVID-19 has led to increased uncertainties in global businesses and has led to the rising adoption of trade credit insurance to protect businesses.
However, lack of awareness among many businesses about trade credit insurance, which is a major factor restraining market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Trade Credit Insurance Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Trade Credit Insurance industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Trade Credit Insurance manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Trade Credit Insurance market covering all important parameters.The key points of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Trade Credit Insurance industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Trade Credit Insurance industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Trade Credit Insurance Industry before evaluating its feasibility.Key questions addressed by the reportWhere will all these developments take Trade Credit Insurance in the mid- to long-term?What are the upcoming technological trends in the Trade Credit Insurance market?What are the opportunities for various players that exist at present and those that are planning to enter at different stages of the value chain?How growth strategies implemented by key players will impact the growth rate of the Trade Credit Insurance market, and who will have the undue advantage?What are the current adoption trends of the Trade Credit Insurance market?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-trade-credit-insurance-2019-2024-708There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Trade Credit Insurance as well as some small players.
At least 13 companies are included: Coface Zurich Credendo Group QBE Insurance To know more competitorThe information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, Trade Credit Insurance Market listed main product type of Trade Credit Insurance market in gloabal and china.
Type I Type IIFor end use/application segment, this report focuses on the status and outlook for key applications.
