The Trade Credit Insurance market size is projected to reach US$ 27.56 billion by 2031 from US$ 14.19 billion in 2023. The market is expected to register a CAGR of 8.7% during 2023–2031. The development of cloud-based trade credit insurance solutions is likely to remain one of the key trends in the market.
Trade Credit Insurance Market Analysis
Trade credit insurance is an essential credit risk management policy used for safeguarding the development of businesses by protecting them against losses associated with an unpaid invoice. It helps insurers by paying their bills due to insolvency, economic downturns, bankruptcy, and other issues. Political turmoil and unfavorable business developments may result in elevated risks for companies engaged in cross-border trading. This poses a major driving factor for the adoption of trade credit insurance solutions across the globe.
Trade Credit Insurance Market Overview
Trade credit insurance is widely used by IT & telecom, retail, manufacturing, food & beverages, and other industries to protect themselves from financial risks. Technological advancement, a rise in inflation, a surge in complexities associated with the supply chains, and favorable government initiatives are propelling the trade credit insurance market growth. A rise in demand for trade credit insurance in SMEs, MSMEs, and larger enterprises for appropriately maintaining their revenue contributes significantly to the overall trade credit insurance market growth.
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Trade Credit Insurance Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Trade Credit Insurance Market: Strategic Insights
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Trade Credit Insurance Market Drivers and Opportunities
Government Initiatives Supporting MSMEs and SMEs to Adopt Trade Credit Insurance
Insurance coverage is critical for micro, small, and medium enterprises (MSMEs) and small and medium enterprises (SMEs) as it lowers financial risks and absorbs risks such as payment defaults. The growing geopolitical issues, economic downturn, instability in the supply chain, inflation, and other factors have increased the risks with exports worldwide, which boosts the demand for trade credit insurance among MSMEs for making seamless payments. Moreover, historical trends indicate that the majority of MSMEs and SMEs in India are uninsured, as they fail to understand the need for insurance. They only purchase insurance when a buyer or a bank requires it, which makes them vulnerable to financial risks. This also encourages the government to take initiatives to support MSMEs and SMEs in adopting trade credit insurance to secure their business from financial risks and payment defaults. For instance, the Insurance Regulatory and Development Authority of India (IRDAI) trade credit insurance guidelines, 2021, support MSMEs and SMEs to adopt trade credit insurance to protect their businesses from evolving insurance risk. The guidelines include:
- The government and market players promote sustainable and strong development of the trade credit insurance business.
- General insurance companies offer trade credit insurance covers to suppliers, licensed banks, and other financial institutions to help them manage business risk and open access to new markets. Trade credit insurance supports businesses to manage nonpayment risk associated with trade financing portfolios.
- General insurance companies provide customized trade credit insurance covers that improve businesses for SMEs and MSMEs and help protect themselves against evolving insurance risks.
Thus, favorable guidelines and other government initiatives supporting MSMEs and SMEs to adopt trade credit insurance for safeguarding their businesses from financial risks fuel the market growth.
Supply Chain Complexities
The expansion of the e-commerce industry leads to an increased demand for new supply chain arrangements. The development of new supply chain arrangements raises the complexity of the supply chains, which increases the demand for trade credit insurance among e-commerce to streamline business processes. As a result, market players are developing a new range of trade credit insurance services for the e-commerce industry. For instance, in March 2024, Allianz Trade launched Allianz Trade pay services for B2B e-commerce activities. Allianz Trade Pay is a payment solution that offers a variety of services such as a fraud module, digital buyer onboarding solution, trade credit insurance protection, and instant financing solution through Allianz Trade’s financial institution partners. Allianz Trade Pay provides flexibility, security, simplicity, and competitiveness to the e-commerce ecosystem, which increases its adoption in the e-commerce industry to manage complex supply chains.
Various countries are adopting the multipolar system, which requires the presence of advanced market manufacturers for reshoring or friend-shoring production. This created the demand for parallel and multiple supply chains and relocation of production facilities to fulfill customers' needs across the globe. As a result, a reduction in the supply chain activity for intermediate goods leads to a rise in complexities related to trade, particularly for intermediate goods. For instance, according to the World Trade Organization (WTO) data published on October 2023, supply chain activity for intermediate goods declined by 48.5% in the first half of 2023. It fell from an average of 51.0% compared to the previous three years. Thus, supply chain complexities will raise the demand for trade credit insurance protection against counterparty risk, which is expected to create numerous opportunities for the trade credit insurance market growth during the forecast period.
Trade Credit Insurance Market Report Segmentation Analysis
Key segments that contributed to the derivation of the trade credit insurance market analysis are enterprise size, application, and end user.
- Based on enterprise size, the trade credit insurance market is divided into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.
- Based on application, the market is bifurcated into domestic and international. The international segment held a larger market share in 2023.
- By end user, the market is segmented into energy, automotive, aerospace, chemicals, metals, agriculture, food and beverages, financial services, technology and telecommunications, transportation, and others. The energy segment held a larger market share in 2023.
Trade Credit Insurance Market Share Analysis by Geography
The geographic scope of the trade credit insurance market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Europe dominated the trade credit insurance market share in 2023. According to the Allianz Trade report of April 2023, 76% of companies in Germany have experienced payment delays. These payment delays are surging due to the complexity and disruptions in supply chains. Moreover, according to the same source, Germany has observed more than 22% of 17,800 cases of business insolvencies owing to excessive debt and inadequate capital reserves. Thus, the rise in payment delays and insolvency rates are a few factors that increase the demand for trade credit insurance among businesses to protect themselves against financial risks. The rising demand for trade credit insurance among enterprises encourages insurance companies to expand their business across France. For instance, according to a survey conducted by Allianz Trade in November 2023, 97% of French companies have offered payment terms to their customers, with an overall average timeframe of 48 days. There is a wide presence of major players in the country such as Allianz Trade, COFACE SA, and Atradius NV. These players help businesses by making frequent payments, which also supports the country in reducing the number of payment delays that affect small businesses. All these factors are contributing to the trade credit insurance market growth in France.
Trade Credit Insurance Market Report Scope
Trade Credit Insurance Market News and Recent Developments
The trade credit insurance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market for trade credit insurance are listed below:
- Coface, a global credit insurer, announced it had opened a branch in New Zealand after receiving approval from the Reserve Bank of New Zealand on April 1. This expansion in a new country is further strengthening the Group's international coverage. (Source: Coface, Press Release, April 2024)
- Chubb collaborated with UK-based Insurtech Cytora for generative AI on insurance claims processing. This collaboration aims to transform Chubb's claims document management by automating the digitization process. (Source: Chubb, Press Release, March 2024)
Trade Credit Insurance Market Report Coverage and Deliverables
The “Trade Credit Insurance Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Trade credit insurance market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Trade credit insurance market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Trade credit insurance market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the trade credit insurance market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The trade credit insurance market is expected to register an incremental growth value of US$ 13.37 billion during the forecast period
Large enterprises segment is expected to hold a major market share of trade credit insurance market in 2023
The global market size of trade credit insurance market by 2031 will be around US$ 27.56 billion
The United States is expected to hold a major market share of trade credit insurance market in 2023
Asia Pacific is expected to register highest CAGR in the trade credit insurance market during the forecast period (2023-2031)
United States, China, and Rest of Europe are expected to register high growth rate during the forecast period
BEA, BBC Bircher AG, GEZE GmbH, Hotron Ltd, MS SEDCO, OPTEX TECHNOLOGIES INC, Pepperl+Fuchs SE, Nabtesco Corp, Ningbo VEZE Automatic Door Co., Ltd., and TORMAX USA Inc. are the key market players expected to hold a major market share of trade credit insurance market in 2023
Development of cloud-based trade credit insurance solutions are anticipated to play a significant role in the trade credit insurance market in the coming years.
Surge in business insolvencies, rise in inflation and high interest rates, and government initiatives supporting MSMEs and SMEs to adopt trade credit insurance are the major factors that propel the trade credit insurance market.
The estimated global market size for the trade credit insurance market in 2023 is expected to be around US$ 14.19 billion
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Trade Credit Insurance Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Trade Credit Insurance Market – Key Market Dynamics
5.1 Trade Credit Insurance Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Surge in Business Insolvencies
5.2.2 Rise in Inflation and High Interest Rates
5.2.3 Government Initiatives Supporting MSMEs and SMEs to Adopt Trade Credit Insurance
5.3 Market Restraints
5.3.1 Lack of Awareness Among Emerging Economies
5.4 Market Opportunities
5.4.1 Supply Chain Complexities
5.4.2 Significant Initiatives to Promote AI use in Trade Credit Insurance Solutions
5.5 Future Trends
5.5.1 Development of Cloud-Based Trade Credit Insurance Solutions
5.6 Impact of Drivers and Restraints:
6. Trade Credit Insurance Market – Global Market Analysis
6.1 Trade Credit Insurance Market Revenue (US$ Million), 2021–2031
6.2 Trade Credit Insurance Market Forecast Analysis
7. Trade Credit Insurance Market Analysis – by Enterprise Size
7.1 Large Enterprises
7.1.1 Overview
7.1.2 Large Enterprises: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
7.2 SMEs
7.2.1 Overview
7.2.2 SMEs: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
8. Trade Credit Insurance Market Analysis – by Application
8.1 International
8.1.1 Overview
8.1.2 International: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Domestic
8.2.1 Overview
8.2.2 Domestic: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9. Trade Credit Insurance Market Analysis – by End User
9.1 Energy
9.1.1 Overview
9.1.2 Energy: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Aerospace
9.3.1 Overview
9.3.2 Aerospace: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Chemicals
9.4.1 Overview
9.4.2 Chemicals: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Metals
9.5.1 Overview
9.5.2 Metals: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Agriculture
9.6.1 Overview
9.6.2 Agriculture: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.7 Food and Beverages
9.7.1 Overview
9.7.2 Food and Beverages: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.8 Financial Services
9.8.1 Overview
9.8.2 Financial Services: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.9 Technology and Telecommunication
9.9.1 Overview
9.9.2 Technology and Telecommunication: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.10 Transportation
9.10.1 Overview
9.10.2 Transportation: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
9.11 Others
9.11.1 Overview
9.11.2 Others: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10. Trade Credit Insurance Market – Geographical Analysis
10.1 Overview
10.2 Europe
10.2.1 Europe Trade Credit Insurance Market Overview
10.2.2 Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 Europe: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.2.3.1 Europe: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Enterprise Size
10.2.4 Europe: Trade Credit Insurance Market Breakdown, by Application
10.2.4.1 Europe: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Application
10.2.5 Europe: Trade Credit Insurance Market Breakdown, by End User
10.2.5.1 Europe: Trade Credit Insurance Market – Revenue and Forecast Analysis – by End User
10.2.6 Europe: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.2.6.1 Europe: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.2.6.2 Germany: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 Germany: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.2.6.2.2 Germany: Trade Credit Insurance Market Breakdown, by Application
10.2.6.2.3 Germany: Trade Credit Insurance Market Breakdown, by End User
10.2.6.3 France: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 France: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.2.6.3.2 France: Trade Credit Insurance Market Breakdown, by Application
10.2.6.3.3 France: Trade Credit Insurance Market Breakdown, by End User
10.2.6.4 United Kingdom: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 United Kingdom: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.2.6.4.2 United Kingdom: Trade Credit Insurance Market Breakdown, by Application
10.2.6.4.3 United Kingdom: Trade Credit Insurance Market Breakdown, by End User
10.2.6.5 Italy: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.5.1 Italy: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.2.6.5.2 Italy: Trade Credit Insurance Market Breakdown, by Application
10.2.6.5.3 Italy: Trade Credit Insurance Market Breakdown, by End User
10.2.6.6 Russia: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.6.1 Russia: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.2.6.6.2 Russia: Trade Credit Insurance Market Breakdown, by Application
10.2.6.6.3 Russia: Trade Credit Insurance Market Breakdown, by End User
10.2.6.7 Rest of Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.7.1 Rest of Europe: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.2.6.7.2 Rest of Europe: Trade Credit Insurance Market Breakdown, by Application
10.2.6.7.3 Rest of Europe: Trade Credit Insurance Market Breakdown, by End User
10.3 North America
10.3.1 North America Trade Credit Insurance Market Overview
10.3.2 North America: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3 North America: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.3.3.1 North America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Enterprise Size
10.3.4 North America: Trade Credit Insurance Market Breakdown, by Application
10.3.4.1 North America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Application
10.3.5 North America: Trade Credit Insurance Market Breakdown, by End User
10.3.5.1 North America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by End User
10.3.6 North America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.3.6.1 North America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.3.6.2 United States: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 United States: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.3.6.2.2 United States: Trade Credit Insurance Market Breakdown, by Application
10.3.6.2.3 United States: Trade Credit Insurance Market Breakdown, by End User
10.3.6.3 Canada: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 Canada: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.3.6.3.2 Canada: Trade Credit Insurance Market Breakdown, by Application
10.3.6.3.3 Canada: Trade Credit Insurance Market Breakdown, by End User
10.3.6.4 Mexico: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 Mexico: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.3.6.4.2 Mexico: Trade Credit Insurance Market Breakdown, by Application
10.3.6.4.3 Mexico: Trade Credit Insurance Market Breakdown, by End User
10.4 Asia Pacific
10.4.1 Asia Pacific Trade Credit Insurance Market Overview
10.4.2 Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.4.3.1 Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Enterprise Size
10.4.4 Asia Pacific: Trade Credit Insurance Market Breakdown, by Application
10.4.4.1 Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Application
10.4.5 Asia Pacific: Trade Credit Insurance Market Breakdown, by End User
10.4.5.1 Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast Analysis – by End User
10.4.6 Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 China: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.4.6.2.2 China: Trade Credit Insurance Market Breakdown, by Application
10.4.6.2.3 China: Trade Credit Insurance Market Breakdown, by End User
10.4.6.3 Japan: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 Japan: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.4.6.3.2 Japan: Trade Credit Insurance Market Breakdown, by Application
10.4.6.3.3 Japan: Trade Credit Insurance Market Breakdown, by End User
10.4.6.4 South Korea: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 South Korea: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.4.6.4.2 South Korea: Trade Credit Insurance Market Breakdown, by Application
10.4.6.4.3 South Korea: Trade Credit Insurance Market Breakdown, by End User
10.4.6.5 India: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 India: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.4.6.5.2 India: Trade Credit Insurance Market Breakdown, by Application
10.4.6.5.3 India: Trade Credit Insurance Market Breakdown, by End User
10.4.6.6 Australia: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 Australia: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.4.6.6.2 Australia: Trade Credit Insurance Market Breakdown, by Application
10.4.6.6.3 Australia: Trade Credit Insurance Market Breakdown, by End User
10.4.6.7 Rest of APAC: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.4.6.7.2 Rest of APAC: Trade Credit Insurance Market Breakdown, by Application
10.4.6.7.3 Rest of APAC: Trade Credit Insurance Market Breakdown, by End User
10.5 Middle East and Africa
10.5.1 Middle East and Africa Trade Credit Insurance Market Overview
10.5.2 Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.5.3.1 Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Enterprise Size
10.5.4 Middle East and Africa: Trade Credit Insurance Market Breakdown, by Application
10.5.4.1 Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Application
10.5.5 Middle East and Africa: Trade Credit Insurance Market Breakdown, by End User
10.5.5.1 Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast Analysis – by End User
10.5.6 Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.5.6.2 Saudi Arabia: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 Saudi Arabia: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.5.6.2.2 Saudi Arabia: Trade Credit Insurance Market Breakdown, by Application
10.5.6.2.3 Saudi Arabia: Trade Credit Insurance Market Breakdown, by End User
10.5.6.3 UAE: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 UAE: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.5.6.3.2 UAE: Trade Credit Insurance Market Breakdown, by Application
10.5.6.3.3 UAE: Trade Credit Insurance Market Breakdown, by End User
10.5.6.4 South Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 South Africa: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.5.6.4.2 South Africa: Trade Credit Insurance Market Breakdown, by Application
10.5.6.4.3 South Africa: Trade Credit Insurance Market Breakdown, by End User
10.5.6.5 Rest of Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.5.6.5.2 Rest of Middle East and Africa: Trade Credit Insurance Market Breakdown, by Application
10.5.6.5.3 Rest of Middle East and Africa: Trade Credit Insurance Market Breakdown, by End User
10.6 South and Central America
10.6.1 South and Central America Trade Credit Insurance Market Overview
10.6.2 South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.6.3.1 South and Central America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Enterprise Size
10.6.4 South and Central America: Trade Credit Insurance Market Breakdown, by Application
10.6.4.1 South and Central America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Application
10.6.5 South and Central America: Trade Credit Insurance Market Breakdown, by End User
10.6.5.1 South and Central America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by End User
10.6.6 South and Central America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Trade Credit Insurance Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.6.6.2.2 Brazil: Trade Credit Insurance Market Breakdown, by Application
10.6.6.2.3 Brazil: Trade Credit Insurance Market Breakdown, by End User
10.6.6.3 Argentina: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.6.6.3.2 Argentina: Trade Credit Insurance Market Breakdown, by Application
10.6.6.3.3 Argentina: Trade Credit Insurance Market Breakdown, by End User
10.6.6.4 Rest of South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Trade Credit Insurance Market Breakdown, by Enterprise Size
10.6.6.4.2 Rest of South and Central America: Trade Credit Insurance Market Breakdown, by Application
10.6.6.4.3 Rest of South and Central America: Trade Credit Insurance Market Breakdown, by End User
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Allianz Trade
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 COFACE SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 American International Group Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Chubb Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 QBE Insurance Group Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Aon Plc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Credendo
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Atradius NV
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Zurich Insurance Group AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Great American Insurance Company
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. Trade Credit Insurance Market Segmentation
Table 2. List of Vendors
Table 3. Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 5. Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 6. Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 7. Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 8. Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 9. Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 10. Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 11. Germany: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 12. Germany: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 13. Germany: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 14. France: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 15. France: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 16. France: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 17. United Kingdom: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 18. United Kingdom: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 19. United Kingdom: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 20. Italy: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 21. Italy: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 22. Italy: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 23. Russia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 24. Russia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 25. Russia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 26. Rest of Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 27. Rest of Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 28. Rest of Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 29. North America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 30. North America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 31. North America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 32. North America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 33. United States: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 34. United States: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 35. United States: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 36. Canada: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 37. Canada: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 38. Canada: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 39. Mexico: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 40. Mexico: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 41. Mexico: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 42. Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 43. Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 44. Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 45. Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 46. China: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 47. China: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 48. China: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 49. Japan: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 50. Japan: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 51. Japan: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 52. South Korea: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 53. South Korea: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 54. South Korea: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 55. India: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 56. India: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 57. India: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 58. Australia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 59. Australia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 60. Australia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 61. Rest of APAC: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 62. Rest of APAC: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 63. Rest of APAC: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 64. Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 65. Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 66. Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 67. Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 68. Saudi Arabia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 69. Saudi Arabia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 70. Saudi Arabia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 71. UAE: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 72. UAE: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 73. UAE: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 74. South Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 75. South Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 76. South Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 77. Rest of Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 78. Rest of Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 79. Rest of Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 80. South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 81. South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 82. South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 83. South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 84. Brazil: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 85. Brazil: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 86. Brazil: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 87. Argentina: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 88. Argentina: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 89. Argentina: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 90. Rest of South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 91. Rest of South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 92. Rest of South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 93. List of Abbreviation
List of Figures
Figure 1. Trade Credit Insurance Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Trade Credit Insurance Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Trade Credit Insurance Market Breakdown by Geography, 2023 and 2031 (%)
Figure 6. Trade Credit Insurance Market Revenue (US$ Million), 2021–2031
Figure 7. Trade Credit Insurance Market Share (%) – by Enterprise Size (2023 and 2031)
Figure 8. Large Enterprises: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. SMEs: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Trade Credit Insurance Market Share (%) – by Application (2023 and 2031)
Figure 11. International: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Domestic: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Trade Credit Insurance Market Share (%) – by End User (2023 and 2031)
Figure 14. Energy: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Automotive: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Aerospace: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Chemicals: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Metals: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Agriculture: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Food and Beverages: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Financial Services: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Technology and Telecommunication: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Transportation: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Others: Trade Credit Insurance Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Trade Credit Insurance Market Breakdown by Region, 2023 and 2031 (%)
Figure 26. Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Europe: Trade Credit Insurance Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 28. Europe: Trade Credit Insurance Market Breakdown, by Application (2023 and 2031)
Figure 29. Europe: Trade Credit Insurance Market Breakdown, by End User (2023 and 2031)
Figure 30. Europe: Trade Credit Insurance Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 31. Germany: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. France: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. United Kingdom: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Italy: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Russia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. Rest of Europe: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. North America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. North America: Trade Credit Insurance Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 39. North America: Trade Credit Insurance Market Breakdown, by Application (2023 and 2031)
Figure 40. North America: Trade Credit Insurance Market Breakdown, by End User (2023 and 2031)
Figure 41. North America: Trade Credit Insurance Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 42. United States: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Canada: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Mexico: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Asia Pacific: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Asia Pacific: Trade Credit Insurance Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 47. Asia Pacific: Trade Credit Insurance Market Breakdown, by Application (2023 and 2031)
Figure 48. Asia Pacific: Trade Credit Insurance Market Breakdown, by End User (2023 and 2031)
Figure 49. Asia Pacific: Trade Credit Insurance Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 50. China: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Japan: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. South Korea: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. India: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. Australia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Rest of APAC: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. Middle East and Africa: Trade Credit Insurance Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 58. Middle East and Africa: Trade Credit Insurance Market Breakdown, by Application (2023 and 2031)
Figure 59. Middle East and Africa: Trade Credit Insurance Market Breakdown, by End User (2023 and 2031)
Figure 60. Middle East and Africa: Trade Credit Insurance Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 61. Saudi Arabia: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 62. UAE: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 63. South Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 64. Rest of Middle East and Africa: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 65. South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 66. South and Central America: Trade Credit Insurance Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 67. South and Central America: Trade Credit Insurance Market Breakdown, by Application (2023 and 2031)
Figure 68. South and Central America: Trade Credit Insurance Market Breakdown, by End User (2023 and 2031)
Figure 69. South and Central America: Trade Credit Insurance Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 70. Brazil: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 71. Argentina: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 72. Rest of South and Central America: Trade Credit Insurance Market – Revenue and Forecast to 2031(US$ Million)
Figure 73. Heat Map Analysis by Key Players
Figure 74. Company Positioning & Concentration
The List of Companies - Trade Credit Insurance Market
- Allianz Trade
- COFACE SA
- American International Group Inc
- Chubb Ltd
- QBE Insurance Group Ltd
- Aon Plc
- Credendo
- Atradius NV
- Zurich Insurance Group AG
- Great American Insurance Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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