Surety Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00127920
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.06 |
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The Surety Market is poised for steady growth, with a projected Compound Annual Growth Rate (CAGR) of 5.25% between 2022 and 2032. The market size is anticipated to expand by USD 7,620.98 million during this period. The evolution of the market hinges on multiple factors, including increased construction activities, infrastructural development, and stringent regulatory requirements. A surety bond serves as a financial guarantee provided by a surety company to ensure the fulfillment of obligations by a party, known as the principal, to a third party, known as the obligee. It offers a safety net, assuring the obligee that the principal will fulfill their contractual commitments.
Surety Market Overview:
Drivers:
The robust growth of the surety market is propelled by the surge in construction projects and infrastructure development worldwide. Governments and private sector entities increasingly demand surety bonds as a means to secure projects and ensure their completion. In cases of contractor default or project delays, surety bonds provide financial recourse, safeguarding investments and maintaining project continuity.
Furthermore, stringent regulatory requirements, especially in industries such as construction, real estate, and finance, bolster the demand for surety bonds. These regulations stipulate the need for bonds to ensure compliance, risk mitigation, and protection of stakeholders' interests. As a result, the surety market is witnessing substantial growth due to the interplay of these driving factors.
Trends:
An emerging trend shaping the surety market is the adoption of technology for streamlined processes. Technological advancements are enhancing the efficiency of underwriting, claims management, and risk assessment in the surety sector. The integration of Artificial Intelligence (AI) and data analytics enables surety companies to assess risks more accurately and offer tailored solutions to clients.
Moreover, the application of blockchain technology is gaining traction in the surety market, providing a transparent and tamper-proof platform for contract management and claim settlements. These technological trends are modernizing the traditionally paper-based surety processes, resulting in improved customer experiences and operational efficiencies.
Restraints:
One of the primary challenges impeding the growth of the surety market is the potential default by bonded parties. Despite the surety's involvement, unforeseen circumstances, financial instability, or mismanagement can lead to principal default. This can lead to complex legal proceedings and financial losses for the obligee and the surety.
Additionally, the surety market is susceptible to economic downturns, as market fluctuations can impact the financial stability of bonded parties, leading to an increased risk of defaults. Such macroeconomic factors can pose challenges to market growth and stability.
Surety Market Segmentation By Application:
The construction sector holds a significant share in the surety market, primarily driven by the need to secure construction projects. Surety bonds play a pivotal role in construction projects by assuring project owners that contractors will fulfill their contractual obligations, including timely completion and adherence to quality standards. These bonds provide financial protection and ensure the continuity of projects even in cases of contractor default.
Within the construction sector, performance bonds and payment bonds are commonly utilized. Performance bonds guarantee that the contractor will complete the project according to the contract terms, while payment bonds assure that subcontractors and suppliers will be paid. These bonds enhance trust between all parties involved in construction projects and mitigate potential risks.
Surety Market Segmentation By Type:
The fidelity bond segment is witnessing significant growth due to the increasing emphasis on safeguarding against employee-related risks. Fidelity bonds, also known as employee dishonesty bonds or crime insurance, provide coverage against fraudulent acts committed by employees. With the rise of cyber threats and internal fraud, businesses are seeking comprehensive protection against financial losses resulting from employee misconduct.
Fidelity bonds cover various types of employee-related risks, such as theft, embezzlement, forgery, and computer fraud. They provide a financial safety net to organizations, helping them recover from losses caused by internal breaches of trust. As businesses recognize the importance of securing against these risks, the demand for fidelity bonds is on the rise.
Regional Overview:
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Request pdf SampleNorth America is projected to contribute substantially to the growth of the global surety market during the forecast period. The region's robust construction industry, stringent regulatory environment, and increased adoption of surety bonds in various sectors are driving this growth. In the United States, for instance, federal and state governments require surety bonds for public construction projects as a means of protecting taxpayers' interests and ensuring project completion.
Furthermore, the recovery from the economic impacts of the COVID-19 pandemic is expected to stimulate construction activities and infrastructure development in North America. As the construction sector rebounds, the demand for surety bonds to secure projects and mitigate risks is anticipated to surge.
Surety Market Customer Landscape:
The surety market report encompasses the adoption lifecycle of the market, ranging from early adopters to laggards. It analyzes adoption rates across different regions based on market penetration. Additionally, the report delves into key factors influencing purchasing decisions and sensitivity to pricing, aiding companies in formulating effective growth strategies.
Major Players in the Surety Market:
Market participants are employing diverse strategies, including partnerships, acquisitions, product launches, geographical expansion, and strategic alliances, to enhance their market presence.
Surety Market Company Overview (Select Companies):
- The Travelers Indemnity Company
- Chubb Limited
- CNA Financial Corporation
- American Financial Group, Inc.
- Liberty Mutual Insurance Company
- Berkshire Hathaway Inc.
- Surety One, Inc.
- Hanover Insurance Group
- Hiscox Ltd.
- RSA Insurance Group plc
The research report provides comprehensive analyses of the competitive landscape, featuring information on 20 key market companies, such as their strengths, weaknesses, and business strategies.
Segment Overview:
The surety market report offers revenue forecasts at the global, regional, and country levels, along with insights into the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Construction
o Commercial
o Court o Fidelity
o License and permit
o Other sectors
Geography Outlook (USD Million, 2019 - 2032)
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Key Benefits for Stakeholders
- Comprehensive Market Analysis- The study meticulously segments the market based on both economic and non-economic criteria, conducting both qualitative and quantitative analyses. This rigorous approach offers a deep understanding of various market segments and sub-segments.
- Accurate Market Valuation- Precise market values in USD Billion are furnished for each segment and sub-segment, facilitating stakeholders in making precise assessments of market opportunities.
- Identification of Growth Prospects- The report pinpoints regions and market segments poised for rapid expansion, as well as those with substantial market share potential. This assists stakeholders in making well-informed strategic decisions.
- Insightful Regional Analysis- The research explores regional factors influencing the market and scrutinizes product or service utilization in diverse geographical areas, enhancing comprehension of regional dynamics.
- Comprehensive Competitive Insight- The report encompasses critical data, including market share of leading players, recent service/product launches, collaborations, expansions, and acquisitions made by profiled companies in the last five years. This provides a holistic view of the competitive landscape.
- Detailed Company Profiles- In-depth profiles of key market participants encompass company overviews, business insights, product benchmarking, and SWOT analyses. This equips stakeholders with the means to evaluate the strengths and weaknesses of these entities.
- Future Market Outlook- The research furnishes an industry perspective on the present and future based on recent developments, enabling stakeholders to anticipate market trends and forthcoming changes.
- Thorough Market Examination- Porter’s five forces analysis is employed in the study to provide a comprehensive examination of the market from multiple angles, including competitive forces and market dynamics.
- Value Chain Insights- The research leverages the Value Chain concept to elucidate the market, offering insights into how products or services traverse the market ecosystem.
- Market Dynamics and Growth Prospects- The study presents current market dynamics and growth prospects for the foreseeable future, empowering stakeholders with invaluable information for strategic decision-making.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Regulatory Scenario by Region/Country
1.4 Market Investment Scenario Strategic
1.5 Market Analysis by Type
1.5.1 Global Surety Market Share by Type (2020-2026)
1.5.2 Contract Surety Bond
1.5.3 Commercial Surety Bond
1.5.4 Fidelity Surety Bond
1.5.5 Court Surety Bond
1.6 Market by Application
1.6.1 Global Surety Market Share by Application (2020-2026)
1.6.2 Personal
1.6.3 Business
1.6.4 Brokers
1.7 Surety Industry Development Trends under COVID-19 Outbreak
1.7.1 Global COVID-19 Status Overview
1.7.2 Influence of COVID-19 Outbreak on Surety Industry Development
2. Global Market Growth Trends
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 Porter's Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
2.3 Industry News and Policies by Regions
2.3.1 Industry News
2.3.2 Industry Policies
2.4 Industry Trends Under COVID-19
3 Value Chain of Surety Market
3.1 Value Chain Status
3.2 Surety Manufacturing Cost Structure Analysis
3.2.1 Production Process Analysis
3.2.2 Manufacturing Cost Structure of Surety
3.2.3 Labor Cost of Surety
3.2.3.1 Labor Cost of Surety Under COVID-19
3.3 Sales and Marketing Model Analysis
3.4 Downstream Major Customer Analysis (by Region)
3.5 Value Chain Status Under COVID-19
4 Players Profiles
4.1 Aviva Canada
4.1.1 Aviva Canada Basic Information
4.1.2 Surety Product Profiles, Application and Specification
4.1.3 Aviva Canada Surety Market Performance (2015-2020)
4.1.4 Aviva Canada Business Overview
4.2 HCC Insurance Holdings Inc.
4.2.1 HCC Insurance Holdings Inc. Basic Information
4.2.2 Surety Product Profiles, Application and Specification
4.2.3 HCC Insurance Holdings Inc. Surety Market Performance (2015-2020)
4.2.4 HCC Insurance Holdings Inc. Business Overview
4.3 Liberty Mutual Insurance Company
4.3.1 Liberty Mutual Insurance Company Basic Information
4.3.2 Surety Product Profiles, Application and Specification
4.3.3 Liberty Mutual Insurance Company Surety Market Performance (2015-2020)
4.3.4 Liberty Mutual Insurance Company Business Overview
4.4 Crum & Forster
4.4.1 Crum & Forster Basic Information
4.4.2 Surety Product Profiles, Application and Specification
4.4.3 Crum & Forster Surety Market Performance (2015-2020)
4.4.4 Crum & Forster Business Overview
4.5 The Travelers Indemnity Company
4.5.1 The Travelers Indemnity Company Basic Information
4.5.2 Surety Product Profiles, Application and Specification
4.5.3 The Travelers Indemnity Company Surety Market Performance (2015-2020)
4.5.4 The Travelers Indemnity Company Business Overview
4.6 Hartford Financial Services Group Inc.
4.6.1 Hartford Financial Services Group Inc. Basic Information
4.6.2 Surety Product Profiles, Application and Specification
4.6.3 Hartford Financial Services Group Inc. Surety Market Performance (2015-2020)
4.6.4 Hartford Financial Services Group Inc. Business Overview
4.7 American Financial Group Inc.
4.7.1 American Financial Group Inc. Basic Information
4.7.2 Surety Product Profiles, Application and Specification
4.7.3 American Financial Group Inc. Surety Market Performance (2015-2020)
4.7.4 American Financial Group Inc. Business Overview
4.8 CNA Insurance Group
4.8.1 CNA Insurance Group Basic Information
4.8.2 Surety Product Profiles, Application and Specification
4.8.3 CNA Insurance Group Surety Market Performance (2015-2020)
4.8.4 CNA Insurance Group Business Overview
4.9 Chubb Limited
4.9.1 Chubb Limited Basic Information
4.9.2 Surety Product Profiles, Application and Specification
4.9.3 Chubb Limited Surety Market Performance (2015-2020)
4.9.4 Chubb Limited Business Overview
4.10 IFIC Surety Group
4.10.1 IFIC Surety Group Basic Information
4.10.2 Surety Product Profiles, Application and Specification
4.10.3 IFIC Surety Group Surety Market Performance (2015-2020)
4.10.4 IFIC Surety Group Business Overview
4.11 Liberty Mutual Insurance
4.11.1 Liberty Mutual Insurance Basic Information
4.11.2 Surety Product Profiles, Application and Specification
4.11.3 Liberty Mutual Insurance Surety Market Performance (2015-2020)
4.11.4 Liberty Mutual Insurance Business Overview
5 Global Surety Market Analysis by Regions
5.1 Global Surety Sales, Revenue and Market Share by Regions
5.1.1 Global Surety Sales by Regions (2015-2020)
5.1.2 Global Surety Revenue by Regions (2015-2020)
5.2 North America Surety Sales and Growth Rate (2015-2020)
5.3 Europe Surety Sales and Growth Rate (2015-2020)
5.4 Asia-Pacific Surety Sales and Growth Rate (2015-2020)
5.5 Middle East and Africa Surety Sales and Growth Rate (2015-2020)
5.6 South America Surety Sales and Growth Rate (2015-2020)
6 North America Surety Market Analysis by Countries
6.1 North America Surety Sales, Revenue and Market Share by Countries
6.1.1 North America Surety Sales by Countries (2015-2020)
6.1.2 North America Surety Revenue by Countries (2015-2020)
6.1.3 North America Surety Market Under COVID-19
6.2 United States Surety Sales and Growth Rate (2015-2020)
6.2.1 United States Surety Market Under COVID-19
6.3 Canada Surety Sales and Growth Rate (2015-2020)
6.4 Mexico Surety Sales and Growth Rate (2015-2020)
7 Europe Surety Market Analysis by Countries
7.1 Europe Surety Sales, Revenue and Market Share by Countries
7.1.1 Europe Surety Sales by Countries (2015-2020)
7.1.2 Europe Surety Revenue by Countries (2015-2020)
7.1.3 Europe Surety Market Under COVID-19
7.2 Germany Surety Sales and Growth Rate (2015-2020)
7.2.1 Germany Surety Market Under COVID-19
7.3 UK Surety Sales and Growth Rate (2015-2020)
7.3.1 UK Surety Market Under COVID-19
7.4 France Surety Sales and Growth Rate (2015-2020)
7.4.1 France Surety Market Under COVID-19
7.5 Italy Surety Sales and Growth Rate (2015-2020)
7.5.1 Italy Surety Market Under COVID-19
7.6 Spain Surety Sales and Growth Rate (2015-2020)
7.6.1 Spain Surety Market Under COVID-19
7.7 Russia Surety Sales and Growth Rate (2015-2020)
7.7.1 Russia Surety Market Under COVID-19
8 Asia-Pacific Surety Market Analysis by Countries
8.1 Asia-Pacific Surety Sales, Revenue and Market Share by Countries
8.1.1 Asia-Pacific Surety Sales by Countries (2015-2020)
8.1.2 Asia-Pacific Surety Revenue by Countries (2015-2020)
8.1.3 Asia-Pacific Surety Market Under COVID-19
8.2 China Surety Sales and Growth Rate (2015-2020)
8.2.1 China Surety Market Under COVID-19
8.3 Japan Surety Sales and Growth Rate (2015-2020)
8.3.1 Japan Surety Market Under COVID-19
8.4 South Korea Surety Sales and Growth Rate (2015-2020)
8.4.1 South Korea Surety Market Under COVID-19
8.5 Australia Surety Sales and Growth Rate (2015-2020)
8.6 India Surety Sales and Growth Rate (2015-2020)
8.6.1 India Surety Market Under COVID-19
8.7 Southeast Asia Surety Sales and Growth Rate (2015-2020)
8.7.1 Southeast Asia Surety Market Under COVID-19
9 Middle East and Africa Surety Market Analysis by Countries
9.1 Middle East and Africa Surety Sales, Revenue and Market Share by Countries
9.1.1 Middle East and Africa Surety Sales by Countries (2015-2020)
9.1.2 Middle East and Africa Surety Revenue by Countries (2015-2020)
9.1.3 Middle East and Africa Surety Market Under COVID-19
9.2 Saudi Arabia Surety Sales and Growth Rate (2015-2020)
9.3 UAE Surety Sales and Growth Rate (2015-2020)
9.4 Egypt Surety Sales and Growth Rate (2015-2020)
9.5 Nigeria Surety Sales and Growth Rate (2015-2020)
9.6 South Africa Surety Sales and Growth Rate (2015-2020)
10 South America Surety Market Analysis by Countries
10.1 South America Surety Sales, Revenue and Market Share by Countries
10.1.1 South America Surety Sales by Countries (2015-2020)
10.1.2 South America Surety Revenue by Countries (2015-2020)
10.1.3 South America Surety Market Under COVID-19
10.2 Brazil Surety Sales and Growth Rate (2015-2020)
10.2.1 Brazil Surety Market Under COVID-19
10.3 Argentina Surety Sales and Growth Rate (2015-2020)
10.4 Columbia Surety Sales and Growth Rate (2015-2020)
10.5 Chile Surety Sales and Growth Rate (2015-2020)
11 Global Surety Market Segment by Types
11.1 Global Surety Sales, Revenue and Market Share by Types (2015-2020)
11.1.1 Global Surety Sales and Market Share by Types (2015-2020)
11.1.2 Global Surety Revenue and Market Share by Types (2015-2020)
11.2 Contract Surety Bond Sales and Price (2015-2020)
11.3 Commercial Surety Bond Sales and Price (2015-2020)
11.4 Fidelity Surety Bond Sales and Price (2015-2020)
11.5 Court Surety Bond Sales and Price (2015-2020)
12 Global Surety Market Segment by Applications
12.1 Global Surety Sales, Revenue and Market Share by Applications (2015-2020)
12.1.1 Global Surety Sales and Market Share by Applications (2015-2020)
12.1.2 Global Surety Revenue and Market Share by Applications (2015-2020)
12.2 Personal Sales, Revenue and Growth Rate (2015-2020)
12.3 Business Sales, Revenue and Growth Rate (2015-2020)
12.4 Brokers Sales, Revenue and Growth Rate (2015-2020)
13 Surety Market Forecast by Regions (2020-2026)
13.1 Global Surety Sales, Revenue and Growth Rate (2020-2026)
13.2 Surety Market Forecast by Regions (2020-2026)
13.2.1 North America Surety Market Forecast (2020-2026)
13.2.2 Europe Surety Market Forecast (2020-2026)
13.2.3 Asia-Pacific Surety Market Forecast (2020-2026)
13.2.4 Middle East and Africa Surety Market Forecast (2020-2026)
13.2.5 South America Surety Market Forecast (2020-2026)
13.3 Surety Market Forecast by Types (2020-2026)
13.4 Surety Market Forecast by Applications (2020-2026)
13.5 Surety Market Forecast Under COVID-19
14 Appendix
14.1 Methodology
14.2 Research Data Source
List of Tables and Figures
Table Global Surety Market Size Growth Rate by Type (2020-2026)
Figure Global Surety Market Share by Type in 2019 & 2026
Figure Contract Surety Bond Features
Figure Commercial Surety Bond Features
Figure Fidelity Surety Bond Features
Figure Court Surety Bond Features
Table Global Surety Market Size Growth by Application (2020-2026)
Figure Global Surety Market Share by Application in 2019 & 2026
Figure Personal Description
Figure Business Description
Figure Brokers Description
Figure Global COVID-19 Status Overview
Table Influence of COVID-19 Outbreak on Surety Industry Development
Table SWOT Analysis
Figure Porter's Five Forces Analysis
Figure Global Surety Market Size and Growth Rate 2015-2026
Table Industry News
Table Industry Policies
Figure Value Chain Status of Surety
Figure Production Process of Surety
Figure Manufacturing Cost Structure of Surety
Figure Major Company Analysis (by Business Distribution Base, by Product Type)
Table Downstream Major Customer Analysis (by Region)
Table Aviva Canada Profile
Table Aviva Canada Production, Value, Price, Gross Margin 2015-2020
Table HCC Insurance Holdings Inc. Profile
Table HCC Insurance Holdings Inc. Production, Value, Price, Gross Margin 2015-2020
Table Liberty Mutual Insurance Company Profile
Table Liberty Mutual Insurance Company Production, Value, Price, Gross Margin 2015-2020
Table Crum & Forster Profile
Table Crum & Forster Production, Value, Price, Gross Margin 2015-2020
Table The Travelers Indemnity Company Profile
Table The Travelers Indemnity Company Production, Value, Price, Gross Margin 2015-2020
Table Hartford Financial Services Group Inc. Profile
Table Hartford Financial Services Group Inc. Production, Value, Price, Gross Margin 2015-2020
Table American Financial Group Inc. Profile
Table American Financial Group Inc. Production, Value, Price, Gross Margin 2015-2020
Table CNA Insurance Group Profile
Table CNA Insurance Group Production, Value, Price, Gross Margin 2015-2020
Table Chubb Limited Profile
Table Chubb Limited Production, Value, Price, Gross Margin 2015-2020
Table IFIC Surety Group Profile
Table IFIC Surety Group Production, Value, Price, Gross Margin 2015-2020
Table Liberty Mutual Insurance Profile
Table Liberty Mutual Insurance Production, Value, Price, Gross Margin 2015-2020
Figure Global Surety Sales and Growth Rate (2015-2020)
Figure Global Surety Revenue ($) and Growth (2015-2020)
Table Global Surety Sales by Regions (2015-2020)
Table Global Surety Sales Market Share by Regions (2015-2020)
Table Global Surety Revenue ($) by Regions (2015-2020)
Table Global Surety Revenue Market Share by Regions (2015-2020)
Table Global Surety Revenue Market Share by Regions in 2015
Table Global Surety Revenue Market Share by Regions in 2019
Figure North America Surety Sales and Growth Rate (2015-2020)
Figure Europe Surety Sales and Growth Rate (2015-2020)
Figure Asia-Pacific Surety Sales and Growth Rate (2015-2020)
Figure Middle East and Africa Surety Sales and Growth Rate (2015-2020)
Figure South America Surety Sales and Growth Rate (2015-2020)
Figure North America Surety Revenue ($) and Growth (2015-2020)
Table North America Surety Sales by Countries (2015-2020)
Table North America Surety Sales Market Share by Countries (2015-2020)
Figure North America Surety Sales Market Share by Countries in 2015
Figure North America Surety Sales Market Share by Countries in 2019
Table North America Surety Revenue ($) by Countries (2015-2020)
Table North America Surety Revenue Market Share by Countries (2015-2020)
Figure North America Surety Revenue Market Share by Countries in 2015
Figure North America Surety Revenue Market Share by Countries in 2019
Figure United States Surety Sales and Growth Rate (2015-2020)
Figure Canada Surety Sales and Growth Rate (2015-2020)
Figure Mexico Surety Sales and Growth (2015-2020)
Figure Europe Surety Revenue ($) Growth (2015-2020)
Table Europe Surety Sales by Countries (2015-2020)
Table Europe Surety Sales Market Share by Countries (2015-2020)
Figure Europe Surety Sales Market Share by Countries in 2015
Figure Europe Surety Sales Market Share by Countries in 2019
Table Europe Surety Revenue ($) by Countries (2015-2020)
Table Europe Surety Revenue Market Share by Countries (2015-2020)
Figure Europe Surety Revenue Market Share by Countries in 2015
Figure Europe Surety Revenue Market Share by Countries in 2019
Figure Germany Surety Sales and Growth Rate (2015-2020)
Figure UK Surety Sales and Growth Rate (2015-2020)
Figure France Surety Sales and Growth Rate (2015-2020)
Figure Italy Surety Sales and Growth Rate (2015-2020)
Figure Spain Surety Sales and Growth Rate (2015-2020)
Figure Russia Surety Sales and Growth Rate (2015-2020)
Figure Asia-Pacific Surety Revenue ($) and Growth (2015-2020)
Table Asia-Pacific Surety Sales by Countries (2015-2020)
Table Asia-Pacific Surety Sales Market Share by Countries (2015-2020)
Figure Asia-Pacific Surety Sales Market Share by Countries in 2015
Figure Asia-Pacific Surety Sales Market Share by Countries in 2019
Table Asia-Pacific Surety Revenue ($) by Countries (2015-2020)
Table Asia-Pacific Surety Revenue Market Share by Countries (2015-2020)
Figure Asia-Pacific Surety Revenue Market Share by Countries in 2015
Figure Asia-Pacific Surety Revenue Market Share by Countries in 2019
Figure China Surety Sales and Growth Rate (2015-2020)
Figure Japan Surety Sales and Growth Rate (2015-2020)
Figure South Korea Surety Sales and Growth Rate (2015-2020)
Figure Australia Surety Sales and Growth Rate (2015-2020)
Figure India Surety Sales and Growth Rate (2015-2020)
Figure Southeast Asia Surety Sales and Growth Rate (2015-2020)
Figure Middle East and Africa Surety Revenue ($) and Growth (2015-2020)
Table Middle East and Africa Surety Sales by Countries (2015-2020)
Table Middle East and Africa Surety Sales Market Share by Countries (2015-2020)
Table Middle East and Africa Surety Revenue ($) by Countries (2015-2020)
Table Middle East and Africa Surety Revenue Market Share by Countries (2015-2020)
Figure Middle East and Africa Surety Revenue Market Share by Countries in 2015
Figure Middle East and Africa Surety Revenue Market Share by Countries in 2019
Figure Saudi Arabia Surety Sales and Growth Rate (2015-2020)
Figure UAE Surety Sales and Growth Rate (2015-2020)
Figure Egypt Surety Sales and Growth Rate (2015-2020)
Figure Nigeria Surety Sales and Growth Rate (2015-2020)
Figure South Africa Surety Sales and Growth Rate (2015-2020)
Figure South America Surety Revenue ($) and Growth (2015-2020)
Table South America Surety Sales by Countries (2015-2020)
Table South America Surety Sales Market Share by Countries (2015-2020)
Table South America Surety Revenue ($) by Countries (2015-2020)
Table South America Surety Revenue Market Share by Countries (2015-2020)
Figure South America Surety Revenue Market Share by Countries in 2015
Figure South America Surety Revenue Market Share by Countries in 2019
Figure Brazil Surety Sales and Growth Rate (2015-2020)
Figure Argentina Surety Sales and Growth Rate (2015-2020)
Figure Columbia Surety Sales and Growth Rate (2015-2020)
Figure Chile Surety Sales and Growth Rate (2015-2020)
Table Global Surety Sales by Types (2015-2020)
Table Global Surety Sales Share by Types (2015-2020)
Table Global Surety Revenue ($) by Types (2015-2020)
Table Global Surety Revenue Share by Types (2015-2020)
Figure Global Contract Surety Bond Sales and Growth Rate (2015-2020)
Figure Global Contract Surety Bond Price (2015-2020)
Figure Global Commercial Surety Bond Sales and Growth Rate (2015-2020)
Figure Global Commercial Surety Bond Price (2015-2020)
Figure Global Fidelity Surety Bond Sales and Growth Rate (2015-2020)
Figure Global Fidelity Surety Bond Price (2015-2020)
Figure Global Court Surety Bond Sales and Growth Rate (2015-2020)
Figure Global Court Surety Bond Price (2015-2020)
Table Global Surety Sales by Applications (2015-2020)
Table Global Surety Sales Share by Applications (2015-2020)
Figure Global Personal Sales and Growth Rate (2015-2020)
Figure Global Personal Revenue and Growth Rate (2015-2020)
Figure Global Business Sales and Growth Rate (2015-2020)
Figure Global Business Revenue and Growth Rate (2015-2020)
Figure Global Brokers Sales and Growth Rate (2015-2020)
Figure Global Brokers Revenue and Growth Rate (2015-2020)
Figure Global Surety Sales and Growth Rate (2020-2026)
Figure Global Surety Revenue ($) and Growth Rate (2020-2026)
Table Global Surety Sales Forecast by Regions (2020-2026)
Table Global Surety Revenue Forecast by Regions (2020-2026)
Figure North America Surety Sales Forecast (2020-2026)
Figure North America Surety Revenue Forecast (2020-2026)
Figure Europe Surety Sales Forecast (2020-2026)
Figure Europe Surety Revenue Forecast (2020-2026)
Figure Asia-Pacific Surety Sales Forecast (2020-2026)
Figure Asia-Pacific Surety Revenue Forecast (2020-2026)
Figure Middle East and Africa Surety Sales Forecast (2020-2026)
Figure Middle East and Africa Surety Revenue Forecast (2020-2026)
Figure South America Surety Sales Forecast (2020-2026)
Figure South America Surety Revenue Forecast (2020-2026)
Table Global Surety Sales Forecast by Types (2020-2026)
Table Global Surety Sales Market Share Forecast by Types (2020-2026)
Table Global Surety Revenue Forecast by Types (2020-2026)
Table Global Surety Revenue Market Share Forecast by Types (2020-2026)
Table Global Surety Sales Forecast by Applications (2020-2026)
Table Global Surety Sales Market Share Forecast by Applications (2020-2026)
Table Global Surety Revenue Forecast by Applications (2020-2026)
Table Global Surety Revenue Market Share Forecast by Applications (2020-2026)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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