Global Product Recall Insurance Market Growth (Status and Outlook) 2024-2030

Global Product Recall Insurance Market Growth (Status and Outlook) 2024-2030

Product recall insurance refers to a type of insurance that allows the product to be recalled and compensate for related costs due to product defects that may still cause harm to consumers' personal and property safety even if used correctly.

The global Product Recall Insurance market size is projected to grow from US$ 8765.1 million in 2023 to US$ 17150 million in 2030; it is expected to grow at a CAGR of 10.1% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Product Recall Insurance Industry Forecast” looks at past sales and reviews total world Product Recall Insurance sales in 2023, providing a comprehensive analysis by region and market sector of projected Product Recall Insurance sales for 2024 through 2030. With Product Recall Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Product Recall Insurance industry.

This Insight Report provides a comprehensive analysis of the global Product Recall Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Product Recall Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Product Recall Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Product Recall Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Product Recall Insurance.

With the advancement of science and technology and the development of manufacturing industry, the complexity of products continues to increase, and the risk of product recalls also increases. This may also prompt more companies to choose to purchase product recall insurance to transfer risks.

This report presents a comprehensive overview, market shares, and growth opportunities of Product Recall Insurance market by product type, application, key players and key regions and countries.

Segmentation by type
Food
Electronic Products
Daily Necessities
Others

Segmentation by application
Large Enterprise
Small and Medium-Sized Companies

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Allianz
Allstate
Aon
AXA XL
CFC Underwriting
Chubb
Gallagher
Thomas Carroll
Howden Broking
Insureon
Marsh
Mayfair Insurance

Please note: The report will take approximately 2 business days to prepare and deliver.