Market Analysis and Insights: Global Travel Insurance Market
The global Travel Insurance market size is projected to reach US$ XX million by 2027, from US$ XX million in 2021, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Travel Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Travel Insurance market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Travel Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Travel Insurance market.
Global Travel Insurance Scope and Market Size
COMPANIES COVERED
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Download Free sampleGlobal Travel Insurance Market to Reach $33.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Travel Insurance estimated at US$21.5 Billion in the year 2020, is projected to reach a revised size of US$33.7 Billion by 2027, growing at aCAGR of 6.7% over the period 2020-2027. Domestic Travel, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$14.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the International Travel segment is readjusted to a revised 7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 10% CAGR
The Travel Insurance market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Segment by Type
The information for each competitor/Company Profile includes:
Key Indicators Analysed:
The content of the study subjects includes a total of 15 chapters:
Chapter 1, describes Travel Insurance product scope, market overview, market opportunities, market driving force, and market risks.
Chapter 2, profiles the top manufacturers of Travel Insurance, with price, sales, revenue, and global market share of Travel Insurance from 2019 to 2022.
Chapter 3, the Travel Insurance competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Travel Insurance breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapters 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, and application, from 2017 to 2028.
Chapters 7, 8, 9, 10, and 11, to break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2017 to 2022. and the Travel Insurance market forecast, by regions, type, and application, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Travel Insurance.
Chapter 13, 14, and 15, to describe Travel Insurance sales channel, distributors, customers, research findings and conclusion, appendix and data source.
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Research Methodology:
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
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