IMARC Group, a leading market research company, has recently releases report titled “Trade Credit Insurance Market Report by Component (Product, Services), Coverages (Whole Turnover Coverage, Single Buyer Coverage), Enterprises Size (Large Enterprises, Medium Enterprises, Small Enterprises), Application (Domestic, International), Industry Vertical (Food and Beverages, IT and Telecom, Metals and Mining, Healthcare, Energy and Utilities, Automotive, and Others), and Region 2025-2033” The study provides a detailed analysis of the industry, including the global trade credit insurance market trends, share, size, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.Report Highlights:
How Big Is the Trade Credit Insurance Market?
The global trade credit insurance market size was valued at USD 13.66 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 25.3 Billion by 2033, exhibiting a growth rate (CAGR) of 6.72% during 2025-2033.
Global Trade Credit Insurance Market Trends:
Several key trends will shape the trade credit insurance market. One major trend is the growing emphasis on sustainability and responsible business practices. This shift is changing the underwriting criteria for trade credit insurance policies. Insurers are starting to include environmental, social, and governance (ESG) factors in their risk assessments. Companies that focus on ESG may enjoy better insurance terms. Insurers want to support responsible practices that reduce long-term risks. The rise of digitalization will also change the trade credit insurance landscape. More insurers will adopt advanced technologies to improve their services. This digital shift will likely lead to new products that meet emerging market needs, like coverage for e-commerce transactions and new payment methods. Additionally, ongoing geopolitical risks and economic uncertainties will push businesses to rely more on trade credit insurance. This insurance helps safeguard operations and maintain cash flow stability. Overall, the trade credit insurance market is poised for strong growth. This growth will be driven by changing business needs, technological advancements, and a stronger focus on risk management in a complex global environment.
Factors Affecting the Growth of the Trade Credit Insurance Industry:
Increasing Global Trade and Economic Uncertainty:
The trade credit insurance market is set for major growth. This rise is due to the increase in global trade and ongoing economic uncertainty. As businesses expand internationally, they face more risks. These include non-payment by buyers, currency changes, and geopolitical issues. Trade credit insurance acts as a safety net for exporters and suppliers. It protects them from losses due to buyer defaults.
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