2025-2034 Trade Credit Insurance Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Trade Credit Insurance Industry Market Size Be by 2025?
There has been a significant increase in the size of the trade credit insurance market in recent years. It is projected to escalate from a valuation of $12.21 billion in 2024 to reach $13.29 billion in 2025, showing a compound annual growth rate (CAGR) of 8.9%. The growth during the previous years can be linked to several factors, including global economic volatility, market growth, expansion of international trade, risk reduction for small and medium-sized businesses, compliance with regulatory norms, easier access to finance, and better credit terms.

What's the Long-Term Growth Forecast for the Trade Credit Insurance Market Size Through 2029?
Forecasted robust growth is expected in the trade credit insurance market in the coming few years, with its size anticipated to expand to $19.08 billion by 2029, reflecting a 9.5% compound annual growth rate (CAGR). Factors contributing to this growth during the forecast period include volatility in global trade, a heightened focus on the resilience of the supply chain, the digital transformation of trade finance, the entrance of new market players, and strategic risk management in the aftermath of the pandemic. Future trends anticipated during this forecast period encompass the utilization of blockchain technology for improved security, a surged demand for non-cancelable policies, risk abatement methodologies for supply chain disturbances, a changing regulatory environment, and the growth of parametric insurance solutions.

View the full report here:
https://www.thebusinessresearchcompany.com/report/trade-credit-insurance-global-market-report

What Are the Key Growth Drivers Fueling the Trade Credit Insurance Market Expansion?
The anticipated rise in global importing and exporting of products and services is set to stimulate the expansion of the trade credit insurance market. Exporting involves selling goods and services to foreign countries, while importing brings these into one's own country from abroad. Trading companies use trade credit insurance to protect their receivables from credit risks. As a method employed by manufacturers, importers, and exporters to ease finance, trade credit has seen a heightened demand due to the increase in trade. The World Trade Organization, a Switzerland-based governmental organization, predicted in October 2024 that the worldwide trade of goods will augment by 2.7% in 2024, a slight rise from the prior forecast of 2.6%. Furthermore, it was foreseen that the quantity of global merchandise trade will rise by 3.0% in 2025. Therefore, the growth in global import and export activities is significantly contributing to the expansion of the trade credit insurance market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9029&type=smp

What Are the Key Trends Driving Trade Credit Insurance Market Growth?
The rise of technological advancements is a prominent trend that is gaining traction in the trade credit insurance sector. Firms in this market are committed to creating innovative tech solutions to consolidate their standing. For example, Allianz Trade, a trade credit insurance business located in France, introduced a cutting-edge trade credit insurance product in April 2024. This B2B insurance product aims to mitigate the non-payment risks associated with trade receivables. It is triggered when a client fails to meet payment obligations as per a mutually agreed contract. Some of its distinguishing features include expanded product options with retrospective cover, CEND, and delayed effect cover. It enhances customer experience by offering simplified documentation and online access, providing opportunities for global expansion.

How Is the Trade Credit Insurance Market Segmented?
The trade credit insurancemarket 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

Subsegments:
1) By Product: Whole Turnover Insurance, Single Buyer Insurance, Political Risk Insurance, Export Credit Insurance
2) By Services: Risk Assessment Services, Claims Management Services, Debt Collection Services, Consulting And Advisory Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9029&type=smp

Which Companies Are Leading the Charge in Trade Credit Insurance Market Innovation?
Major companies operating in the trade credit insurance market include Export Development Canada, AXA SA, American International Group Inc., Chubb Limited, Liberty Mutual Insurance Company, Sompo Japan Insurance Inc., Mapfre S.A., Marsh & McLennan Companies Inc., Cesce SpA, QBE Insurance Group Limited, Markel Corporation, Aon plc, CNA Financial Corporation, Hannover Re, Willis Towers Watson Public Limited Company, Zurich Insurance Group AG, AmTrust Financial Services Inc., Tokio Marine HCC, Atradius N.V., Euler Hermes Aktiengesellschaft, Coface SA, CBL Insurance Limited, Credendo Group, Nexus Underwriting Management Limited, China Export & Credit Insurance Corporation (Sinosure), Sinosure, CNA Hardy

Which Regions Are Leading the Global Trade Credit Insurance Market in Revenue?
Europe was the largest region in the trade credit insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global trade credit insurance market during the forecast period. The regions covered in the trade credit insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9029

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.