North America Trade Credit Insurance Market Size & Outlook
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North America trade credit insurance market highlights
- The North America trade credit insurance market generated a revenue of USD 2,747.5 million in 2023.
- The market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating enterprise size in 2023.
- Small and Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,747.5 million |
| Market revenue in 2030 | USD 5,655.7 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small and Medium Enterprises |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large Enterprises, Small and Medium Enterprises |
| Key market players worldwide | Allianz SE, Coface SA, American International Group Inc, Zurich Insurance Group AG, Chubb Ltd, QBE Insurance Group Ltd, American Financial Group Inc, Aon PLC Class A |
Other key industry trends
- In terms of revenue, North America region accounted for 26.0% of the global trade credit insurance market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,056.6 million by 2030.
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Trade Credit Insurance Market Scope
Trade Credit Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aon PLC Class A | View profile | 50000 | James Joyce Street, Metropolitan Building, Dublin 1, Ireland, D01 K0Y8 | https://www.aon.com |
| American Financial Group Inc | View profile | 8500 | 301 East Fourth Street, Cincinnati, OH, United States, 45202 | https://www.afginc.com |
| QBE Insurance Group Ltd | View profile | 11651 | 388 George Street, Level 18, Sydney, NSW, Australia, 2000 | https://www.qbe.com |
| Chubb Ltd | View profile | 40000 | Baerengasse 32, Zurich, Switzerland, CH-8001 | https://www.chubb.com |
| Coface SA | View profile | 4720 | 1, place Costes et Bellonte, CS 20003, Bois-Colombes, France, 92270 | https://www.coface.com |
| American International Group Inc | View profile | 25200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | https://www.aig.com |
| Allianz SE | View profile | 154862 | Koniginstrasse 28, Munich, BY, Germany, 80802 | https://www.allianz.com |
| Zurich Insurance Group AG | View profile | 59593 | Mythenquai 2, Corporate Center, Zurich, Switzerland, 8002 | https://www.zurich.com |
North America trade credit insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to trade credit insurance market will help companies and investors design strategic landscapes.
Large enterprises was the largest segment with a revenue share of 60.11% in 2023. Horizon Databook has segmented the North America trade credit insurance market based on large enterprises, small and medium enterprises covering the revenue growth of each sub-segment from 2017 to 2030.
Trade credit insurance is widely available in North America and is commonly used by businesses of all sizes to manage credit risk and protect against the potential loss of unpaid invoices non-payment by customers.
There has been an increasing interest in trade credit insurance among North American businesses, as trade tensions, economic uncertainty, and supply chain disruptions have resulted in increased credit risk.
Therefore, various businesses have turned to trade credit insurance as a way to protect their cash flow, manage risk, and ensure that they are paid for their goods and services.
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Target buyers of North America trade credit insurance market databook
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Our clientele includes a mix of trade credit insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America trade credit insurance market , including forecasts for subscribers. This continent databook contains high-level insights into North America trade credit insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America trade credit insurance market size, by country, 2017-2030 (US$M)
North America Trade Credit Insurance Market Outlook Share, 2023 & 2030 (US$M)
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