Surety Market

In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. The person or company providing the promise is also known as a "surety" or as a "guarantor".

Surety Market aims to provide a comprehensive presentation of the global market for Surety, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Surety. Surety Market contains market size and forecasts of Surety in global, including the following market information:

Global Surety Market Revenue, 2019-2024, 2025-2030, ($ millions)

Global top five companies in 2023 (%)

The global Surety market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The U.S. Market is Estimated at $ Million in 2023, While China is to reach $ Million.

Contract Surety Bond Segment to Reach $ Million by 2030, with a % CAGR in next six years.

The global key manufacturers of Surety include Crum & Forster, CNA Financial Corporation, American Financial Group, Inc., The Travelers Indemnity Company, Liberty Mutual Insurance Company, The Hartford, HCC Insurance Holdings Inc., Chubb and AmTrust Financial Services, etc. in 2023, the global top five players have a share approximately % in terms of revenue.

We surveyed the Surety companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Surety Market, by Type, 2019-2024, 2025-2030 ($ millions)

Global Surety Market Segment Percentages, by Type, 2023 (%)

Contract Surety Bond

Commercial Surety Bond

Court Surety Bond

Fidelity Surety Bond

Global Surety Market, by Application, 2019-2024, 2025-2030 ($ millions)

Global Surety Market Segment Percentages, by Application, 2023 (%)

Government Agency

Enterprise

Global Surety Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions)

Global Surety Market Segment Percentages, By Region and Country, 2023 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Surety revenues in global market, 2019-2024 (estimated), ($ millions)

Key companies Surety revenues share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

Crum & Forster

CNA Financial Corporation

American Financial Group, Inc.

The Travelers Indemnity Company

Liberty Mutual Insurance Company

The Hartford

HCC Insurance Holdings Inc.

Chubb

AmTrust Financial Services

IFIC Security Group

Outline of Major Chapters:

Chapter 1: Introduces the definition of Surety, market overview.

Chapter 2: Global Surety market size in revenue.

Chapter 3: Detailed analysis of Surety company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Surety in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.