Trade Credit Insurance Market Size, Share & Trends Analysis Report By Enterprise Size, By Coverage, By Application (Domestic, International), By End-use (Energy, Automotive), By Region, And Segment Forecasts, 2024 - 2030

Trade Credit Insurance Market Size, Share & Trends Analysis Report By Enterprise Size, By Coverage, By Application (Domestic, International), By End-use (Energy, Automotive), By Region, And Segment Forecasts, 2024 - 2030


Trade Credit Insurance Market Growth & Trends

The global trade credit insurance market size is anticipated to reach USD 22.13 billion by 2030, exhibiting a CAGR of 11.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the increasing uncertainty and non-payment frauds. Furthermore, the rise in the import and export trades worldwide is also anticipated to drive the market’s growth.

Recently, venture capital firms have started focusing on insurance start-ups, assisting them in raising funds to expand their product portfolios and strengthen their market position. For instance, in June 2022, Hokodo Services Ltd, an insurance company based in London, announced that it raised USD 40 million through a series B funding round led by Notion Capital, a venture capital fund. The company aimed to utilize these funds to redefine the way that businesses transact.

The increasing partnerships between the market players to expand their offerings across various regions are anticipated to drive the market’s growth. For instance, in June 2022, Coface, a trade credit insurance provider, entered into a strategic partnership with Doha Insurance Group, an insurer in Qatar. This partnership was aimed at offering credit insurance products to companies based in Qatar and assisting them in boosting their growth in their export and domestic markets.

The COVID-19 pandemic significantly impacted the global industry. Lockdowns were implemented due to the pandemic, which led to a temporary prohibition on import, export, and manufacturing across multiple industries. Furthermore, it resulted in a sudden drop in the demand for trade credit insurance policies. However, the temporary shutdown of production units led to increased losses for businesses, due to which defaults in payment have risen tremendously, acting as one of the key drivers of the industry.

Trade Credit Insurance Market Report Highlights
  • The large enterprises segment accounted for the largest share in 2023. The growth can be attributed to the help offered by trade credit insurance to large national and multi-national companies to improve credit management, introduce lines of credit, expand sales markets, enhance their balance sheet to increase shareholder value and protect cash flow.
  • The whole turnover coverage segment led the industry in 2023. The whole turnover trade credit insurance policies provide better protection. They are an excellent risk management solution, as they allow for coverage for all the accounts receivable and reduce credit risk, thereby fueling the segment's growth.
  • The international application segment dominated the market in 2023. The growth can be anticipated owing to factors such as low risk and greater confidence due to no fear of non-payment by foreign buyers.
  • The food & beverage as a single individual segment dominated the market in 2023. The growth of the segment can be attributed to a high degree of credit risk in the food & beverage sector due to the involvement of perishable items and the reliance on a few large customers.
  • Europe dominated the market in 2023. The growing adoption of trade credit insurance policies across regions is anticipated to fuel the regional market's growth.
  • Key market players are engaging in strategic partnerships and collaborations. In April 2023, Allianz Trade entered the thriving B2B e-commerce arena in Asia Pacific through its partnership with Bueno.money, a B2B BNPL provider based in Singapore. Bueno.money can provide deferred payment solutions to online merchants in real-time while safeguarding credit risks with the help of Allianz Trade's innovative credit solution, E-commerce Credit Insurance.
Please note The report will be delivered in 2-3 business days upon order notification.


Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Introduction/Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Impact Analysis
3.3.1.1. Rapid market expansion in new regions
3.3.1.2. Rapid digitization of the insurance sector
3.3.2. Market Challenge Impact Analysis
3.3.2.1. Trade regulations across different jurisdictions
3.3.3. Market Opportunity Impact Analysis
3.3.3.1. Scaling technologies such as AI and ML
3.4. Trade Credit Insurance Market Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
Chapter 4. Trade Credit Insurance Market: Enterprise Size Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Trade Credit Insurance Market: Enterprise Size Movement Analysis, 2023 & 2030 (USD Billion)
4.3. Large Enterprises
4.3.1. Large Enterprises Markets Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
4.4. Small and Medium Enterprises
4.4.1. Small and Medium Enterprises Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Trade Credit Insurance Market: Coverage Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Trade Credit Insurance Market: Coverage Movement Analysis, 2023 & 2030 (USD Billion)
5.3. Whole Turnover Coverage
5.3.1. Whole Turnover Coverage Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
5.4. Single Buyer Coverage
5.4.1. Single Buyer Coverage Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 6. Trade Credit Insurance Market: Application Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Trade Credit Insurance Market: Application Movement Analysis, 2023 & 2030 (USD Billion)
6.3. Domestic
6.3.1. Domestic Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
6.4. International
6.4.1. International Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Trade Credit Insurance Market: End-use Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Trade Credit Insurance Market: End-use Movement Analysis, 2023 & 2030 (USD Billion)
7.3. Food & Beverage
7.3.1. Food & Beverage Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
7.4. IT & Telecom
7.4.1. IT & Telecom Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
7.5. Healthcare
7.5.1. Healthcare Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
7.6. Energy
7.6.1. Energy Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
7.7. Automotive
7.7.1. Automotive Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
7.8. Others
7.8.1. Others Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 8. Trade Credit Insurance Market: Regional Estimates & Trend Analysis
8.1. Trade Credit Insurance Market Share, By Region, 2023 & 2030 (USD Billion)
8.2. North America
8.2.1. North America trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.2.2. U.S.
8.2.2.1. U.S. trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.2.3. Canada
8.2.3.1. Canada trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.2.4. Mexico
8.2.4.1. Mexico trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.3. Europe
8.3.1. Europe trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.3.2. U.K.
8.3.2.1. U.K. trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.3.3. Germany
8.3.3.1. Germany trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.3.4. France
8.3.4.1. France trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.4. Asia Pacific
8.4.1. Asia Pacific trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.4.2. China
8.4.2.1. China trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.4.3. India
8.4.3.1. India trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.4.4. Japan
8.4.4.1. Japan trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.4.5. South Korea
8.4.5.1. South Korea trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.4.6. Australia
8.4.6.1. Australia trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.5. Latin America
8.5.1. Latin America trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.5.2. Brazil
8.5.2.1. Brazil trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.6. Middle East & Africa
8.6.1. Middle East & Africa trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.6.2. The Kingdom of Saudi Arabia (KSA)
8.6.2.1. The Kingdom of Saudi Arabia (KSA) trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.6.3. UAE
8.6.3.1. UAE trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
8.6.4. South Arica
8.6.4.1. South Africa trade credit insurance market estimates & forecasts, 2017 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Participant’s Overview
9.2.1. ALLIANZ TRADE
9.2.2. ATRADIUS N.V.
9.2.3. COFACE
9.2.4. AMERICAN INTERANTIONAL GROUP, INC. (AIG)
9.2.5. ZURICH
9.2.6. CHUBB
9.2.7. QBE INSURANCE GROUP LIMITED
9.2.8. GREAT AMERICAN INSURANCE COMPANY
9.2.9. AON PLC
9.2.10. CREDENDO
9.3. Financial Performance
9.4. Product Benchmarking
9.5. Company Market Positioning
9.6. Company Market Share Analysis, 2023
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
9.8.1. Expansion
9.8.2. Collaborations
9.8.3. Mergers & Acquisitions
9.8.4. New Product Launches
9.8.5. Partnerships
9.8.6. Others

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