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Surety Market to 2027 - Global Analysis and Forecasts

Surety Market to 2027 - Global Analysis and Forecasts

  • January 2019
  • 130 pages
  • ID: 5730259
  • Format: PDF
  • By The Insight Partners

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In terms of revenue, the global surety market is expected to grow to US$ 28.77 billion by 2027 from US$ 15.33 billion in 2018. The demand for surety is highly propelled with the increasing demand for restoration of ageing infrastructure of developed economies worldwide. However, shortage of skilled professionals in the surety industry is restraining the surety market growth to certain extent.

The global surety market is highly fragmented with local players, banks and global companies operating in the market.Also, major and small players are trying to come up with innovative solutions to attract a large base of customers.

Currently, the surety market is experiencing a high growth in the developing economies of South America region. This is due to the growing number of construction activities and government regulations in the region.

On the basis of bond type, contract surety bond is the leading segment of the global surety market.In the construction industry, contract surety bond is highly used particularly for public construction projects.

Contract Surety Bond is also known as contractor bond; contract bond is a type of surety bond that is used by the investors and developers in the construction business, as a guarantee that the terms and condition of the contract will be fulfilled.The contract bond protects against the losses incurred due to the contractor’s failure to complete the project or meet the contract specification.

Surety providers evaluate the principal builder’s financial merits and charge a premium in accordance with the likeness of occurrence of an adverse event.

The overall surety market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the surety market.

It also provides the overview and forecast for the global surety market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts, and key opinion leaders specializing in the Surety industry.

Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global surety market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global surety market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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