Trade Credit Insurance Market By Component (Product, Services), By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), By Coverage (Whole Turnover Coverage, Single Buyer Coverage), By Industry Vertical (Food and Beverages, IT and Telecom, Metals and Mining, Healthcare, Energy and Utilities, Automotive, Others), By Application (Domestic, International): Global Opportunity Analysis and Industry Forecast, 2024-2033

November 2024 | 375 pages | ID: T6FA86CCA808EN
Allied Market Research

Abstracts

The trade credit insurance market was valued for $14.9 billion in 2023 and is estimated to reach $41.1 billion by 2033, exhibiting a CAGR of 10.7% from 2024 to 2033. Trade credit insurance policy is largely purchased by a borrower of funds to overcome from events of a death, disability, unemployment, and others. It is generally marketed as a credit card feature and is largely available to credit card customers with the monthly cost charging a low percentage of the card's unpaid balance. Trade credit insurance engages in covering several commercial & political risks for businesses & individuals in the market.

The trade credit insurance market is driven by increased trade, which includes issuing letters of credit (LCs), receivables & invoice finance, and others, the demand for trade credit insurance has accelerated and is expected to maintain its dominance during the forecast period. In addition, increase in commercial threats while trading and several benefits provided by credit insurance are major factors that drive the market growth. However, varied & conflicting trade regulations across different jurisdictions and lack of awareness toward trade credit insurance globally are some of the factors that hamper the market growth.

On the contrary, developing economies, such as India and South Korea, are witnessing high growth in the manufacturing sector. Therefore, expansion of business and supplying of goods & services are expected to provide an immense opportunity to the trade credit insurance market. Moreover, rapid growth of small & medium-sized businesses looking to expand their offerings worldwide is expected to boost the trade credit insurance market growth in the coming years.

The trade credit insurance market is segmented on the basis of component, enterprise size, application, coverages, 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. and small & medium enterprises. By coverages, the market is bifurcated into whole turnover coverage and single buyer coverage. By application, it is categorized into domestic and international. Based on industry vertical, it is segmented into food and beverages, IT and telecom, metals and mining, healthcare, energy and Utilities, automative 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 market such as American International Group Inc., QBE Insurance (Australia) Ltd. , Atradius N.V., Aon Plc, Coface, Marsh LLC., Chubb Group Holdings Inc., Zurich Insurance Company Ltd, Authorized Policy Insurance Brokers Ltd., Credit Oman., Howden Group Holdings Ltd., Credendo, Allianz Saudi Fransi, Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), HDFC ERGO General Insurance Company Limited, SINOSUR. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the trade credit insurance market analysis from 2023 to 2033 to identify the prevailing trade credit insurance market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the trade credit insurance market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global trade credit insurance market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

• End user preferences and pain points
• Industry life cycle assessment, by region
• Product Benchmarking / Product specification and applications
• Product Life Cycles
• Senario Analysis & Growth Trend Comparision
• Technology Trend Analysis
• Go To Market Strategy
• Market share analysis of players by products/segments
• New Product Development/ Product Matrix of Key Players
• Pain Point Analysis
• Regulatory Guidelines
• Strategic Recommedations
• Additional company profiles with specific to client's interest
• Additional country or region analysis- market size and forecast
• Brands Share Analysis
• Criss-cross segment analysis- market size and forecast
• Expanded list for Company Profiles
• Historic market data
• Market share analysis of players at global/region/country level
• SWOT Analysis

Key Market Segments

By Industry Vertical

• Food and Beverages
• IT and Telecom
• Metals and Mining
• Healthcare
• Energy and Utilities
• Automotive
• Others

By Application

• Domestic
• International

By Component

• Services
• Product

By Enterprise Size

• Large Enterprises
• Small and Medium-sized Enterprises

By Coverage

• Whole Turnover Coverage
• Single Buyer Coverage

By Region

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia-Pacific
• LAMEA
• Brazil
• South Africa
• Saudi Arabia
• UAE
• Argentina
• Rest of LAMEA
• Key Market Players
• Allianz Saudi Fransi
• American International Group Inc.
• Aon plc.
• Atradius N.V
• Authorized Policy Insurance Brokers Ltd. (APPLUS)
• Chubb
• COFACE
• Credendo
• Credit Oman
• HDFC ERGO General Insurance Company Limited
• Howden Insurance Brokers LLC
• Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
• Marsh LLC.
• QBE Insurance (Australia) Ltd.
• SINOSURE
• Zurich Insurance Company Ltd.

Contents

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
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 OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top impacting factors
  3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
  3.3.1. Moderate bargaining power of suppliers
  3.3.2. Moderate threat of new entrants
  3.3.3. Moderate threat of substitutes
  3.3.4. Moderate intensity of rivalry
  3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
  3.4.1. Drivers
    3.4.1.1. Numerous benefits provided by trade credit insurance solutions
    3.4.1.2. Rapid expansion of new geographic markets
    3.4.1.3. Increase in commercial threat to the trade
  3.4.2. Restraints
    3.4.2.1. Varied & conflicting trade regulations across different jurisdictions
    3.4.2.2. Lack of awareness towards trade credit insurance across the globe
  3.4.3. Opportunities
    3.4.3.1. Surge in small & medium enterprises globally
    3.4.3.2. Untapped potential of emerging economies

CHAPTER 4: TRADE CREDIT INSURANCE MARKET, BY COMPONENT

4.1. Overview
  4.1.1. Market size and forecast
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 share 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 share analysis by country

CHAPTER 5: TRADE CREDIT INSURANCE MARKET, BY ENTERPRISE SIZE

5.1. Overview
  5.1.1. Market size and forecast
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 share analysis by country
5.3. Small and Medium-sized Enterprises
  5.3.1. Key market trends, growth factors and opportunities
  5.3.2. Market size and forecast, by region
  5.3.3. Market share analysis by country

CHAPTER 6: TRADE CREDIT INSURANCE MARKET, BY COVERAGE

6.1. Overview
  6.1.1. Market size and forecast
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 share 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 share analysis by country

CHAPTER 7: TRADE CREDIT INSURANCE MARKET, BY INDUSTRY VERTICAL

7.1. Overview
  7.1.1. Market size and forecast
7.2. Food and Beverages
  7.2.1. Key market trends, growth factors and opportunities
  7.2.2. Market size and forecast, by region
  7.2.3. Market share analysis by country
7.3. IT and Telecom
  7.3.1. Key market trends, growth factors and opportunities
  7.3.2. Market size and forecast, by region
  7.3.3. Market share analysis by country
7.4. Metals and Mining
  7.4.1. Key market trends, growth factors and opportunities
  7.4.2. Market size and forecast, by region
  7.4.3. Market share 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 share analysis by country
7.6. Energy and Utilities
  7.6.1. Key market trends, growth factors and opportunities
  7.6.2. Market size and forecast, by region
  7.6.3. Market share 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 share 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 share analysis by country

CHAPTER 8: TRADE CREDIT INSURANCE MARKET, BY APPLICATION

8.1. Overview
  8.1.1. Market size and forecast
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 share 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 share analysis by country

CHAPTER 9: TRADE CREDIT INSURANCE MARKET, BY REGION

9.1. Overview
  9.1.1. Market size and forecast By Region
9.2. North America
  9.2.1. Key market trends, growth factors 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 Coverage
  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
    9.2.7.1. U.S.
      9.2.7.1.1. Market size and forecast, by Component
      9.2.7.1.2. Market size and forecast, by Enterprise Size
      9.2.7.1.3. Market size and forecast, by Coverage
      9.2.7.1.4. Market size and forecast, by Industry Vertical
      9.2.7.1.5. Market size and forecast, by Application
    9.2.7.2. Canada
      9.2.7.2.1. Market size and forecast, by Component
      9.2.7.2.2. Market size and forecast, by Enterprise Size
      9.2.7.2.3. Market size and forecast, by Coverage
      9.2.7.2.4. Market size and forecast, by Industry Vertical
      9.2.7.2.5. Market size and forecast, by Application
9.3. Europe
  9.3.1. Key market trends, growth factors 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 Coverage
  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
    9.3.7.1. UK
      9.3.7.1.1. Market size and forecast, by Component
      9.3.7.1.2. Market size and forecast, by Enterprise Size
      9.3.7.1.3. Market size and forecast, by Coverage
      9.3.7.1.4. Market size and forecast, by Industry Vertical
      9.3.7.1.5. Market size and forecast, by Application
    9.3.7.2. Germany
      9.3.7.2.1. Market size and forecast, by Component
      9.3.7.2.2. Market size and forecast, by Enterprise Size
      9.3.7.2.3. Market size and forecast, by Coverage
      9.3.7.2.4. Market size and forecast, by Industry Vertical
      9.3.7.2.5. Market size and forecast, by Application
    9.3.7.3. France
      9.3.7.3.1. Market size and forecast, by Component
      9.3.7.3.2. Market size and forecast, by Enterprise Size
      9.3.7.3.3. Market size and forecast, by Coverage
      9.3.7.3.4. Market size and forecast, by Industry Vertical
      9.3.7.3.5. Market size and forecast, by Application
    9.3.7.4. Italy
      9.3.7.4.1. Market size and forecast, by Component
      9.3.7.4.2. Market size and forecast, by Enterprise Size
      9.3.7.4.3. Market size and forecast, by Coverage
      9.3.7.4.4. Market size and forecast, by Industry Vertical
      9.3.7.4.5. Market size and forecast, by Application
    9.3.7.5. Spain
      9.3.7.5.1. Market size and forecast, by Component
      9.3.7.5.2. Market size and forecast, by Enterprise Size
      9.3.7.5.3. Market size and forecast, by Coverage
      9.3.7.5.4. Market size and forecast, by Industry Vertical
      9.3.7.5.5. Market size and forecast, by Application
    9.3.7.6. Rest of Europe
      9.3.7.6.1. Market size and forecast, by Component
      9.3.7.6.2. Market size and forecast, by Enterprise Size
      9.3.7.6.3. Market size and forecast, by Coverage
      9.3.7.6.4. Market size and forecast, by Industry Vertical
      9.3.7.6.5. Market size and forecast, by Application
9.4. Asia-Pacific
  9.4.1. Key market trends, growth factors 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 Coverage
  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
    9.4.7.1. China
      9.4.7.1.1. Market size and forecast, by Component
      9.4.7.1.2. Market size and forecast, by Enterprise Size
      9.4.7.1.3. Market size and forecast, by Coverage
      9.4.7.1.4. Market size and forecast, by Industry Vertical
      9.4.7.1.5. Market size and forecast, by Application
    9.4.7.2. Japan
      9.4.7.2.1. Market size and forecast, by Component
      9.4.7.2.2. Market size and forecast, by Enterprise Size
      9.4.7.2.3. Market size and forecast, by Coverage
      9.4.7.2.4. Market size and forecast, by Industry Vertical
      9.4.7.2.5. Market size and forecast, by Application
    9.4.7.3. India
      9.4.7.3.1. Market size and forecast, by Component
      9.4.7.3.2. Market size and forecast, by Enterprise Size
      9.4.7.3.3. Market size and forecast, by Coverage
      9.4.7.3.4. Market size and forecast, by Industry Vertical
      9.4.7.3.5. Market size and forecast, by Application
    9.4.7.4. South Korea
      9.4.7.4.1. Market size and forecast, by Component
      9.4.7.4.2. Market size and forecast, by Enterprise Size
      9.4.7.4.3. Market size and forecast, by Coverage
      9.4.7.4.4. Market size and forecast, by Industry Vertical
      9.4.7.4.5. Market size and forecast, by Application
    9.4.7.5. Australia
      9.4.7.5.1. Market size and forecast, by Component
      9.4.7.5.2. Market size and forecast, by Enterprise Size
      9.4.7.5.3. Market size and forecast, by Coverage
      9.4.7.5.4. Market size and forecast, by Industry Vertical
      9.4.7.5.5. Market size and forecast, by Application
    9.4.7.6. Rest of Asia-Pacific
      9.4.7.6.1. Market size and forecast, by Component
      9.4.7.6.2. Market size and forecast, by Enterprise Size
      9.4.7.6.3. Market size and forecast, by Coverage
      9.4.7.6.4. Market size and forecast, by Industry Vertical
      9.4.7.6.5. Market size and forecast, by Application
9.5. LAMEA
  9.5.1. Key market trends, growth factors 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 Coverage
  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
    9.5.7.1. Brazil
      9.5.7.1.1. Market size and forecast, by Component
      9.5.7.1.2. Market size and forecast, by Enterprise Size
      9.5.7.1.3. Market size and forecast, by Coverage
      9.5.7.1.4. Market size and forecast, by Industry Vertical
      9.5.7.1.5. Market size and forecast, by Application
    9.5.7.2. South Africa
      9.5.7.2.1. Market size and forecast, by Component
      9.5.7.2.2. Market size and forecast, by Enterprise Size
      9.5.7.2.3. Market size and forecast, by Coverage
      9.5.7.2.4. Market size and forecast, by Industry Vertical
      9.5.7.2.5. Market size and forecast, by Application
    9.5.7.3. Saudi Arabia
      9.5.7.3.1. Market size and forecast, by Component
      9.5.7.3.2. Market size and forecast, by Enterprise Size
      9.5.7.3.3. Market size and forecast, by Coverage
      9.5.7.3.4. Market size and forecast, by Industry Vertical
      9.5.7.3.5. Market size and forecast, by Application
    9.5.7.4. UAE
      9.5.7.4.1. Market size and forecast, by Component
      9.5.7.4.2. Market size and forecast, by Enterprise Size
      9.5.7.4.3. Market size and forecast, by Coverage
      9.5.7.4.4. Market size and forecast, by Industry Vertical
      9.5.7.4.5. Market size and forecast, by Application
    9.5.7.5. Argentina
      9.5.7.5.1. Market size and forecast, by Component
      9.5.7.5.2. Market size and forecast, by Enterprise Size
      9.5.7.5.3. Market size and forecast, by Coverage
      9.5.7.5.4. Market size and forecast, by Industry Vertical
      9.5.7.5.5. Market size and forecast, by Application
    9.5.7.6. Rest of LAMEA
      9.5.7.6.1. Market size and forecast, by Component
      9.5.7.6.2. Market size and forecast, by Enterprise Size
      9.5.7.6.3. Market size and forecast, by Coverage
      9.5.7.6.4. Market size and forecast, by Industry Vertical
      9.5.7.6.5. Market size and forecast, by Application

CHAPTER 10: COMPETITIVE LANDSCAPE

10.1. Introduction
10.2. Top winning strategies
10.3. Product mapping of top 10 player
10.4. Competitive dashboard
10.5. Competitive heatmap
10.6. Top player positioning, 2023

CHAPTER 11: COMPANY PROFILES

11.1. American International Group Inc.
  11.1.1. Company overview
  11.1.2. Key executives
  11.1.3. Company snapshot
  11.1.4. Operating business segments
  11.1.5. Product portfolio
  11.1.6. Business performance
11.2. Aon plc.
  11.2.1. Company overview
  11.2.2. Key executives
  11.2.3. Company snapshot
  11.2.4. Operating business segments
  11.2.5. Product portfolio
  11.2.6. Business performance
  11.2.7. Key strategic moves and developments
11.3. Atradius N.V
  11.3.1. Company overview
  11.3.2. Key executives
  11.3.3. Company snapshot
  11.3.4. Operating business segments
  11.3.5. Product portfolio
  11.3.6. Business performance
11.4. COFACE
  11.4.1. Company overview
  11.4.2. Key executives
  11.4.3. Company snapshot
  11.4.4. Operating business segments
  11.4.5. Product portfolio
  11.4.6. Business performance
  11.4.7. Key strategic moves and developments
11.5. Credendo
  11.5.1. Company overview
  11.5.2. Key executives
  11.5.3. Company snapshot
  11.5.4. Operating business segments
  11.5.5. Product portfolio
  11.5.6. Business performance
11.6. QBE Insurance (Australia) Ltd.
  11.6.1. Company overview
  11.6.2. Key executives
  11.6.3. Company snapshot
  11.6.4. Operating business segments
  11.6.5. Product portfolio
  11.6.6. Business performance
11.7. SINOSURE
  11.7.1. Company overview
  11.7.2. Key executives
  11.7.3. Company snapshot
  11.7.4. Operating business segments
  11.7.5. Product portfolio
  11.7.6. Business performance
11.8. Howden Insurance Brokers LLC
  11.8.1. Company overview
  11.8.2. Key executives
  11.8.3. Company snapshot
  11.8.4. Operating business segments
  11.8.5. Product portfolio
11.9. Chubb
  11.9.1. Company overview
  11.9.2. Key executives
  11.9.3. Company snapshot
  11.9.4. Operating business segments
  11.9.5. Product portfolio
  11.9.6. Business performance
11.10. Allianz Saudi Fransi
  11.10.1. Company overview
  11.10.2. Key executives
  11.10.3. Company snapshot
  11.10.4. Operating business segments
  11.10.5. Product portfolio
  11.10.6. Business performance
  11.10.7. Key strategic moves and developments
11.11. Authorized Policy Insurance Brokers Ltd. (APPLUS)
  11.11.1. Company overview
  11.11.2. Key executives
  11.11.3. Company snapshot
  11.11.4. Operating business segments
  11.11.5. Product portfolio
11.12. Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
  11.12.1. Company overview
  11.12.2. Key executives
  11.12.3. Company snapshot
  11.12.4. Operating business segments
  11.12.5. Product portfolio
  11.12.6. Business performance
11.13. Marsh LLC.
  11.13.1. Company overview
  11.13.2. Key executives
  11.13.3. Company snapshot
  11.13.4. Operating business segments
  11.13.5. Product portfolio
  11.13.6. Business performance
11.14. HDFC ERGO General Insurance Company Limited
  11.14.1. Company overview
  11.14.2. Key executives
  11.14.3. Company snapshot
  11.14.4. Operating business segments
  11.14.5. Product portfolio
  11.14.6. Business performance
11.15. Zurich Insurance Company Ltd.
  11.15.1. Company overview
  11.15.2. Key executives
  11.15.3. Company snapshot
  11.15.4. Operating business segments
  11.15.5. Product portfolio
  11.15.6. Business performance
11.16. Credit Oman
  11.16.1. Company overview
  11.16.2. Key executives
  11.16.3. Company snapshot
  11.16.4. Operating business segments
  11.16.5. Product portfolio
  11.16.6. Business performance
  11.16.7. Key strategic moves and developments