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市場調査レポート
商品コード
1184251
取引信用保険の世界市場規模、シェア、産業動向分析レポート:対象別、用途別、組織規模別、業界別、地域別展望と予測、2022年~2028年Global Trade Credit Insurance Market Size, Share & Industry Trends Analysis Report By Coverage, By Application, By Organization Size, By Vertical, By Regional Outlook and Forecast, 2022 - 2028 |
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取引信用保険の世界市場規模、シェア、産業動向分析レポート:対象別、用途別、組織規模別、業界別、地域別展望と予測、2022年~2028年 |
出版日: 2022年12月30日
発行: KBV Research
ページ情報: 英文 251 Pages
納期: 即納可能
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取引信用保険の世界市場規模は、2028年までに155億米ドルに達し、予測期間中にCAGR11.5%の市場成長率で上昇すると予測されています。
販売や売掛金のサポートが、信用保険市場拡大の重要な要因となっています。この分野では、AIベースのアプリやモノのインターネット(IoT)対応の保険ソリューションの導入など、数多くの技術的なブレークスルーが起こっています。また、国際貿易における保護主義や曖昧さの高まりにより、取引信用保険(TCI)のニーズが高まると予想されます。
COVID-19の影響分析
世界の産業界は、COVID-19の大流行によって影響を受けました。国際貿易の力学は大きく変化しました。2020年のパンデミックのため、政府は国際国境を封鎖し、マーケットプレースやビジネス、その他の公共の場を一時的に閉鎖せざるを得なくなっています。製造施設の閉鎖により、事業と資金が失われました。このため、企業には財務的な悪影響が及び、多くの有名企業が破産を申請することになっています。世界市場は、サプライチェーンの混乱により大きな影響を受け、2020年のTCIの需要と売上を大幅に減少させた。
市場の成長要因
新地域での急速な市場成長と商業的脅威の拡大
世界の製品・サービスの輸出入の増加に伴い、新たな地域での貿易の拡大が市場の牽引役となっています。また、信用状(LC)の発行、債権・請求書のファイナンスなど、商取引の拡大に伴い、信用保険のニーズも拡大しています。このように、国から国への製品やサービスの需要の急増、各地での商取引の拡大により、市場における取引信用保険のニーズは高まっています。
国際貿易量の拡大
現代のグローバルな経済システムでは、各国は最終財と中間財の両方を取引しています。その結果、複雑な経済関係の世界ネットワークが形成されています。それに伴い、多くの企業がさまざまな国々に拠点を広げ、企業にも国にも利益をもたらすようになってきています。国際貿易の増加に伴い、世界規模のロジスティクスと貨物追跡を改善する必要性が高まっています。このように、国際貿易の拡大が取引信用保険市場の成長を後押ししています。
市場抑制要因
取引信用保険に対する無知と、管轄地域ごとに異なる多様で矛盾した貿易規制
様々な法律が様々な管轄区域で異なる規範と規制を持ち、金融ハブは貿易規制に対してより統一的なアプローチを採用しています。これは、信用保険事業者がソリューションを開発する際の主な検討事項となり、規制間の争いを生み、市場の拡大を抑制することになります。例えば、米国の輸出信用保険(ECI)は、海外の買い手の支払い不能リスクを保証するものです。このように、取引信用保険の提供にあたっては、各国の規制基準を満たす必要があることが、取引信用保険業界の拡大を阻害する大きな要因の一つとなっています。
組織規模の見通し
組織規模に基づき、市場は大企業と中小企業の2つに分類されます。大企業は、2021年の収益シェアで市場をリードし、予測期間中もその地位を維持すると予想されます。これは、大企業が信用保険による保障だけでなく、取引を希望する世界のさまざまな地域の組織に関する保険会社の知識を重視し、TCIへの関心と利用を高めていることと関係があると考えられます。
カバレッジの見通し
カバレッジに基づき、市場は「Whole Turnover」と「Single Buyer」に分類されます。2021年には、全回転カバーのカテゴリーが市場を独占し、最も高いシェアを占めました。同市場は、予測期間中も継続的に成長し、その優位性を維持すると予測されます。全回転補償はコストが低く、保険会社を初期の高確率の信用損失から保護するという事実が、この市場の大きなシェアの要因であると考えられます。
アプリケーションの展望
システムインテグレータ市場は、用途別に国内と海外に分けられます。2021年には国内向けが大きなシェアを占めると予想されます。国内でも売掛債権を対象とした取引信用保険の利用が増加しているため、市場の成長が加速しています。取引先が減少する中で、大きなリスクから企業を守り、より少ない取引先からより多くの売掛債権を得ることができるため、安心感を与えることができます。
業界別展望
システムインテグレーター市場は、業種別に食品・飲料、IT・通信、ヘルスケア、エネルギー、自動車、その他に分類されます。予測期間中の2021年には、自動車分野が有望な成長を遂げると予想されています。自動車事業は、迅速な技術改善、消費者の嗜好の変化、政府の規制、価格比較のために困難に直面しているもう一つの重要な産業です。この分野の拡大は、これに起因していると考えられます。
地域別の展望
システムインテグレータ市場は、地域別に北米、欧州、アジア太平洋、LAMEAに分類されます。2021年の売上高シェアは欧州が1位であり、予測期間中も欧州が1位を維持する見込みです。この地域の成長を促進する主な要素は、重要な市場ベンダーの存在と、この地域における最先端技術の採用の増加です。さらに、各国政府はTCIを支援することで、企業を支援するさまざまなプログラムを開始しています。
市場参入企業がとる主な戦略は、パートナーシップです。Cardinal matrixで示された分析によると、American International Group, Inc.、Chubb Limited、Allianz Trade、Zurich Insurance Group Ltd.が取引信用保険市場における先駆者です。Great American Insurance Company、AON Plc、QBE Insurance Group Limitedなどの企業が、取引信用保険市場における主要なイノベーターとして挙げられます。
List of Figures
The Global Trade Credit Insurance Market size is expected to reach $15.5 billion by 2028, rising at a market growth of 11.5% CAGR during the forecast period.
Trade credit insurance is a sort of insurance created to shield firms against commercial and political risks that could have an impact on their financial health. It is a sort of property and liability insurance that is typically provided to corporate entities or private persons by for-profit health insurers and governmental export credit agencies.
Additionally, trade credit insurance is frequently used to shield receivables from damage brought on by credit risks such as prolonged default, insolvency, or bankruptcy. The market is experiencing significant growth because of the increased attention being paid to minimizing and guarding against non-payment risk across a variety of goods and services, as well as the expansion of trade in various locations that demand credit insurance.
Additionally, benefits given by credit insurance, such as support for sales and accounts receivable, are becoming important drivers of the market expansion for trade credit insurance. Numerous technical breakthroughs are taking place in the sector, including the introduction of AI-based apps and Internet of Things (IoT)-enabled insurance solutions. In addition, it is anticipated that rising protectionism and ambiguity in international trade will raise the need for trade credit insurance (TCI).
COVID-19 Impact Analysis
The global industry was impacted by the COVID-19 pandemic. The dynamics of international trade have been greatly changed. Due to the pandemic in 2020, governments were compelled to seal off international borders and temporarily close marketplaces, businesses, and other public areas. Businesses and money were lost as a result of the closure of manufacturing facilities. This had a negative financial impact on enterprises and caused numerous well-known firms to file for bankruptcy. The global market was badly impacted by the supply chain disruption, which significantly decreased demand for and sales of TCI in 2020.
Market Growth Factors
Market Growth At A Rapid Pace In New Regions And Growing Commercial Threat
The growth of trade in new areas has gained some traction in the market as a result of an increase in global export and import of products and services. The need for credit insurance has also expanded as a result of the growing commerce, which includes the issuance of letters of credit (LCs), receivables & invoice financing, and other activities. As a result, the need for trade credit insurance in the market has increased due to the surge in demand for products and services from one nation to another and the expansion of commerce in various locations.
Expansion In The Volume Of International Trade
In the modern global economic system, nations trade both final goods and intermediate inputs. As a result, a complex global network of economic relationships is created. Along with that, many companies are increasingly expanding their geographical footprints across different nations, which benefits the companies as well as the nations. The necessity for improving worldwide logistics and cargo tracking is growing along with the amount of international trade. Thus, rising international trade drives the growth of Trade Credit Insurance Market.
Market Restraining Factors
Trade Credit Insurance Ignorance And Diverse And Conflicting Trade Regulations Among Different Jurisdictions
Varying laws have different norms and regulations across various jurisdictions, and financial hubs have adopted a more united approach to trade regulation. This becomes a key consideration for credit insurance businesses as they develop solutions, which creates an inter-regulatory dispute and restrains the market's expansion. For instance, Export Credit Insurance (ECI) in the United States guards against the risk of a foreign buyer's failure to make payment. As a result, one of the main factors impeding the expansion of the trade credit insurance industry is the requirement to satisfy the regulatory standards of the individual countries before offering trade credit insurance.
Organization size Outlook
Based on Organization size, the market is divided into two categories as Large Enterprises and Small & Medium Enterprise. The large enterprise category led the market in terms of revenue share in 2021 and is anticipated to hold this position throughout the forecast period. This might be related to the rising interest in, and use of TCI by large businesses, who value not only the protection their credit insurance policy offers but also the knowledge their insurer can give them about the organizations in various regions of the world they wish to do business with.
Coverage Outlook
Based on coverage, the market is classified into Whole Turnover and Single Buyer. In 2021, the whole turnover coverage category dominated the market and held the highest share. The market is anticipated to continue growing at continuous growth and maintain its dominance throughout the duration of the forecast. The fact that the full turnover coverage is less expensive and protects insurers from the initial high-probability credit losses can be attributed to the substantial share of this market.
Application Outlook
Based on Application, the System Integrator Market is divided into Domestic and International. The domestic application segment is expected to attain a substantial revenue share in 2021. Due to an increase in the utilization of trade credit insurance for domestic accounts receivable coverage as well, this market's growth is accelerating. Because it gives businesses the security, they require when their client base shrinks, safeguarding them from significant risk and generating higher receivables from fewer consumers.
Vertical Outlook
Based on Vertical, the System Integrator Market is divided into Food & Beverage, IT & Telecom, Healthcare, Energy, Automotive, and Others. During the forecast period, the automotive sector is anticipated to grow at a promising rate in 2021. The automotive business is another significant industry that faces difficulties because of quick technology improvements, shifting consumer preferences, governmental regulations, and comparative pricing. This sector's expansion can be ascribed to this.
Regional Outlook
Based on geography, the System Integrator Market is divided into North America, Europe, Asia Pacific, and LAMEA. The Europe region held with the major revenue share in 2021 is expected to remain in that position throughout the projection period. The main elements promoting the region's growth are the existence of significant market vendors and the increased adoption of cutting-edge technology in the area. Additionally, governments have started a variety of programs to aid businesses by supporting TCI.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; American International Group, Inc., Chubb Limited, Allianz Trade and Zurich Insurance Group Ltd., are the forerunners in the Trade Credit Insurance Market. Companies such as Great American Insurance Company, AON Plc, QBE Insurance Group Limited are some of the key innovators in Trade Credit Insurance Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allianz Trade(Allianz Group), Atradius N.V., Coface SA, American International Group, Inc., Zurich Insurance Group Ltd., Chubb Limited, QBE Insurance Group Limited, Great American Insurance Company, and AON Plc.
Recent Strategies Deployed in Trade Credit Insurance Market
Mergers & Acquisitions:
Jul-2022: Chubb Limited acquired the personal accident, supplemental health, and life insurance business of Cigna, a globally managed healthcare and insurance company. Under this acquisition, Chubb took over the life and non-life insurance companies that backed the personal accident, life insurance, and Supplemental health business of Cigna in six Asia-Pacific markets.
Jul-2020: Coface acquired GIEK Kredittforsikring AS, owned by the Norwegian Ministry of Trade, Industry, and Fisheries, which manages a short-term export credit insurance portfolio. Through this acquisition, Coface would brace its market position in the Nordic Region and further would enable it to join the wide range of services offered by Coface and its huge international network to magnify the support to Norwegian exporters and contribute to the economic development of the country.
Jan-2020: AON Plc acquired Cover Wallet, an online insurance platform for small and medium-sized businesses. Under this acquisition, AON Plc would broaden its place in the rapidly growing commercial insurance market for smaller businesses at the same time utilizing CoverWallet's technology and data & analytics abilities to advance and improve digital client solutions.
Product Launches and Product Expansions:
May-2021: Chubb Limited unveiled Benchmarq Package, a new insurance product. The product is made for the Lower Middle Market Segment, thus fixing the standard for package policies pondering upon Broader and more scalable coverage and efficiency. Additionally, Benchmarq Package consists of an expanded base coverage suite in both liability and property, resulting in insurance protection that is highly inclusive of than existing industry package policy.
Partnerships, Collaborations & Agreements
Nov-2022: Great American Insurance Group collaborated with Hourly.io, a fast-growing workers' comp and payroll startup. Through this collaboration, companies would aim to help businesses secure their employees through hourly cutting-edge technology.
Oct-2022: Allianz Trade came into collaboration with Howden, an International insurance broker. This collaboration would allow Allianz trade to leverage Howden's Systematic capture of structured data to fluently carry a more systematic data-led operating model in the market.
Sep-2022: Zurich Insurance Group Ltd. came into an expanded partnership with Tata Consultancy Services (TCS), an Indian multinational information technology services and consulting company. With the partnership, TCS would assist the insurer to modernize, transform and control the whole application estate bracing up its life insurance business, enhancing and standardizing IT and Business processes, boosting cloud and digital adoption, and propelling domain and technical innovation at scale.
Jun-2022: Coface came into partnership with Doha Insurance Group(DIG), one of the five major insurers in Qatar and the third-largest by gross written premiums. In this partnership, both companies would offer credit insurance products to companies based in Qatar and help strengthen their development in their local and export markets.
May-2022: Allianz Trade partnered with Apruve, a company engaged in Trade Credit Automation for global enterprises. Through this partnership, companies would enhance Apruve's underwriting speed and accuracy, as well as provide banking partners and customers the added option to layer on trade credit insurance policies for receivables that operate through Apruv's payment platform.
May-2022: Coface signed an agreement with Al Rajhi Takaful, a company that provides Shariah Compliant Solutions. Under this Agreement, Coface would strengthen Al Rajhi Takaful's place in the Saudi Market enhancing its offering of insurance solutions. The Agreement enables Coface to broaden its reach, providing its clients with a customized solution for their subsidiaries in Saudi Arabia.
Market Segments covered in the Report:
By Coverage
By Application
By Organization Size
By Vertical
By Geography
Companies Profiled
Unique Offerings from KBV Research