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Global Trade Credit Insurance Market: By Component: Product, Services; By Enterprise Size: Large, Medium, Small, Others; By Coverages; By Industry Vertical; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Trade Credit Insurance Market Outlook
The global trade credit insurance market attained a value of more than USD 10.2 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.6% to reach over USD 16.70 billion by 2027.
Rising Adoption of Trade Credit Insurance to Ensure Security Augmenting the Market Growth
The growth of the market can be associated with the rising adoption of trade credit insurance services to ensure security by providing the business protection against the potential risk of customer insolvency or default. Owing to the uncertainties in the economic landscape emerging from unprecedented events, such as the coronavirus pandemic, trade credit insurance backs up businesses to ensure stability and promote growth. This is providing impetus to the market.
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In addition to this, trade credit insurance provides services like global debt collection, indemnification of unpaid debts, and provides effective and professional assessment to the financial status of the customers, thereby adding to the growth of the market. Further, the market growth can further be characterised by the flourishing international trade and the rise in imports and exports of various goods. Hence, the adoption of trade credit insurance to maintain the security of businesses is a prime factor leading the growth of the market.
Trade Credit Insurance: Industry Definition and Segmentation
Trade credit insurance refers to an effective monetary risk management tool that protects a business against losses arising from non-payment of trade-related debts in case of unforeseen insolvency, bankruptcy, or other defaults in payments.
On the basis of component, the market can be classified into:
- Product
- Services
Based on enterprise size, the market can be categorised into:
- Large
- Medium
- Small
- Others
The market, based on coverages, can be divided into:
- Whole Turnover Coverage
- Single Buyer Coverage
On the basis of industry vertical, the market can be segmented into:
- Food and Beverages
- IT and Telecom
- Metals and Mining
- Healthcare
- Energy and Utilities
- Automotive
- Others
Based on application, the market can be divided into:
- Domestic
- International
The EMR report looks into the regional markets of trade credit insurance like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Advent of Matured Computing Technology is Pushing the Growth of the Market
The market growth of trade data insurance has been determined by the significant growth in the banking, financial services, and insurance (BFSI) industry in recent years. The introduction of digital software to streamline banking and insurance services are catalysing the growth of the market. Thus, the introduction of Artificial Intelligence (AI) and Internet of Things (IoT) technology coupled with progressive computer technology, such as machine learning and big data, are positively influencing the growth of the market. These technologies enable automated business rules, self-learning models, and device identification, and predictive analysis, among others, all of which are highly advantageous while analysing risk. Hence, the advent of smart technology to minimise risks in business is bolstering the market growth of trade credit insurance.
Key Industry Players in the Global Trade Credit Insurance Market
The report presents a detailed analysis of the following key players in the global trade credit insurance market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- American International Group, Inc.
- Aon plc
- Atradius N.V.
- Credendo – Export Credit Agency
- Euler Hermes SA
- QBE Insurance (Australia) Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Enterprise Size, Coverages, Industry Vertical, Application, Region |
| Breakup by Component | Product, Services |
| Breakup by Enterprise Size | Large, Medium, Small, Others |
| Breakup by Coverages | Whole Turnover Coverage, Single Buyer Coverage |
| Breakup by Industry Vertical | Food and Beverages, IT and Telecom, Metals and Mining, Healthcare, Energy and Utilities, Automotive, Others |
| Breakup by Application | Domestic, International |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | American International Group, Inc., Aon plc, Atradius N.V., Credendo – Export Credit Agency, Euler Hermes SA, QBE Insurance (Australia) Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Trade Credit Insurance Market Analysis
8.1 Key Industry Highlights
8.2 Global Trade Credit Insurance Historical Market (2017-2021)
8.3 Global Trade Credit Insurance Market Forecast (2022-2027)
8.4 Global Trade Credit Insurance Market by Component
8.4.1 Product
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Trade Credit Insurance Market by Enterprise Size
8.5.1 Large
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Medium
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Small
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Trade Credit Insurance Market by Coverages
8.6.1 Whole Turnover Coverage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Single Buyer Coverage
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Trade Credit Insurance Market by Industry Vertical
8.7.1 Food and Beverages
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 IT and Telecom
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Metals and Mining
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Healthcare
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Energy and Utilities
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2017-2021)
8.7.5.3 Forecast Trend (2022-2027)
8.7.6 Automotive
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2017-2021)
8.7.6.3 Forecast Trend (2022-2027)
8.7.7 Others
8.8 Global Trade Credit Insurance Market by Application
8.8.1 Domestic
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 International
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
8.9 Global Trade Credit Insurance Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 American International Group, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Aon plc
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Atradius N.V.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Credendo – Export Credit Agency
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Euler Hermes SA
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 QBE Insurance (Australia) Ltd.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Trade Credit Insurance Market: Key Industry Highlights, 2017 and 2027
2. Global Trade Credit Insurance Historical Market: Breakup by Component (USD Billion), 2017-2021
3. Global Trade Credit Insurance Market Forecast: Breakup by Component (USD Billion), 2022-2027
4. Global Trade Credit Insurance Historical Market: Breakup by Coverages (USD Billion), 2017-2021
5. Global Trade Credit Insurance Market Forecast: Breakup by Coverages (USD Billion), 2022-2027
6. Global Trade Credit Insurance Historical Market: Breakup by Industry Vertical (USD Billion), 2017-2021
7. Global Trade Credit Insurance Market Forecast: Breakup by Industry Vertical (USD Billion), 2022-2027
8. Global Trade Credit Insurance Historical Market: Breakup by Enterprise Size (USD Billion), 2017-2021
9. Global Trade Credit Insurance Market Forecast: Breakup by Enterprise Size (USD Billion), 2022-2027
10. Global Trade Credit Insurance Historical Market: Breakup by Application (USD Billion), 2017-2021
11. Global Trade Credit Insurance Market Forecast: Breakup by Application (USD Billion), 2022-2027
12. Global Trade Credit Insurance Historical Market: Breakup by Region (USD Billion), 2017-2021
13. Global Trade Credit Insurance Market Forecast: Breakup by Region (USD Billion), 2022-2027
14. North America Trade Credit Insurance Historical Market: Breakup by Country (USD Billion), 2017-2021
15. North America Trade Credit Insurance Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Europe Trade Credit Insurance Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Europe Trade Credit Insurance Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Asia Pacific Trade Credit Insurance Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Asia Pacific Trade Credit Insurance Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Latin America Trade Credit Insurance Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Latin America Trade Credit Insurance Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Middle East and Africa Trade Credit Insurance Historical Market: Breakup by Country (USD Billion), 2017-2021
23. Middle East and Africa Trade Credit Insurance Market Forecast: Breakup by Country (USD Billion), 2022-2027
24. Global Trade Credit Insurance Market Structure
Key Questions Answered in the Report
In 2021, the global trade credit insurance market attained a value of over USD 10.2 billion.
The market is projected to grow at a CAGR of 8.6% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach more than USD 16.70 billion by 2027.
The market is being driven by the rising adoption of trade credit insurance to ensure stability in businesses in turbulent economic conditions.
The growth of the market can be associated with the inclusion of advanced digital technology, such as AI and IoT, to accurately analyse risks and prevent losses in businesses.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major components of trade credit insurance are product and services.
The various enterprises sizes in the market large, medium, and small, among others.
The different coverages of trade credit insurance are whole turnover coverage and single buyer coverage.
The various industry verticals of trade credit insurance include food and beverages, IT and telecom, metals and mining, healthcare, energy and utilities, and automotive, among others.
The significant applications of trade credit insurance include domestic and international.
The major players in the industry are American International Group, Inc., Aon plc, Atradius N.V., Credendo – Export Credit Agency, Euler Hermes SA, and QBE Insurance (Australia) Ltd., among others.
Analyst Review
The global trade credit insurance market attained a value of more than USD 10.2 billion in 2021, driven by the flourishing BFSI industry. Aided by the advent of digital technology, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 8.6%. The market is projected to reach over USD 16.70 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the market can be classified into product and services. By enterprise size, the industry is divided into large, medium, and small, among others. On the basis of coverage, the market can be categorised into whole turnover coverage and single buyer coverage. The market, based on industry vertical, can be divided into food and beverages, IT and telecom, metals and mining, healthcare, energy and utilities, and automotive, among others. On the basis of application, the market can be segmented into domestic and international. The major regional markets for trade credit insurance are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American International Group, Inc., Aon plc, Atradius N.V., Credendo – Export Credit Agency, Euler Hermes SA, and QBE Insurance (Australia) Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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