Published Date : Jul 17, 2017
ALBANY, New York, July 17, 2017 - MarketResearchReports.biz has added a new report to its database of research on the global information and communications technology industry. The report, titled “Global Credit Insurance Market Size, Status and Forecast 2022” provides a professional perspective into the key factors of influence currently responsible for shaping the competitive scenario and demand volumes of credit insurance. The report thus analyzes the present environment of the market in order to create a precise understanding of its future prospects.
According to the report, the global credit insurance market is expanding at a CAGR of 2% within a forecast period from 2016 to 2022. The market was evaluated at US$7.6 bn in 2016 and is expected to reach US$8.56 bn by the end of 2022. The primary driver of the global credit insurance market, as discussed in the report, is the growing demand for credit lines and insurance due to the opening up of trade options in the world. Globalization is therefore seen as a key driver for the global credit insurance market.
The report offers a multi-step view of the global credit insurance market. The principal approach passes through an overview of the global credit insurance market. This channel includes various classifications, definitions, the series and configurations of the industry as a whole, and the various applications for the global credit insurance market. This section also combines a detailed reports of the numerous development strategies and government guidelines that influence the global credit insurance market and its cost structures.
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The report also comprises analytics on the global credit insurance market based on its size in terms of value and volume. This section additionally comprises specific information related to the given segments in terms of regions, types, chief businesses, and applications. Geographically, the global credit insurance has been segmented into Western Europe, Eastern Europe, North America, Latin America, Middle East & Africa and Asia-Pacific. Europe held the leading share in the global credit insurance market, over 70% of its revenue as of 2016.
Key segmentations of the global credit insurance market have been made on the basis of end users, into domestic trade and export trade.
The global credit insurance market is especially studied in terms of its competitive background. For this, the report captures data on each of the key players in the market based on their current company profile, gross margins, sale price, sales revenue, sales volume, product specifications along with pictures, and the latest contact information.
The key players in the global credit insurance market are Euler Hermes, Atradius, Coface, Zurich, Credendo Group, QBE Insurance, and Cesce. Three major European groups Euler Hermes, Atradius and Coface dominate the market internationally, with a combined market share in 2016 of over 72%.
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