North America Surety Market Research, Review, Applications and Forecast to 2027

According to our new market research study on “North America Surety Market to 2027 – Regional Analysis and Forecast by bond type, and country,” the market is expected to reach US$ 13,498.40 million by 2027 from US$ 8,573.43 million in 2019; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027. Many of the mature economies across the globe are facing major challenges owing to their ageing infrastructure. For instance, as per the American Society of Civil Engineers', the US would need around US$ 4.5 Tn by 2025 to upgrade the state of its roads, bridges, airports, dams, schools, and more. Moreover, ageing power generation and distribution infrastructure are becoming a key biggest challenges for utilities in developed countries. For instance, in the US, the power grid is believed to be valued an estimated US$ 876 Bn, renovating infrastructure would cost hundreds of US$ Bn, as per the US Department of Energy. Upgrading generation, as well as transmission facilities in these countries, would draw significant investments hence, the surety market is expected to bolster.

The List of Companies 

  1. CRUM & FORSTER
  2. CNA Financial Corporation
  3. American Financial Group, Inc.
  4. The Travellers Indemnity Company
  5. Liberty Mutual Insurance Company
  6. The Hartford
  7. HCC Insurance Holdings, Inc.
  8. CHUBB
  9. AmTrust Financial Services
  10. IFIC Security Group

Download Sample PDF Copy: https://www.businessmarketinsights.com/sample/TIPRE00013321

North America Surety Market Overview

The surety market has traditionally been a localized business, relying on deep knowledge of regional markets. However, with increasing globalization, major surety providers are expanding into developing markets such as Canada and Mexico. One of the key challenges for these companies is acquiring expertise in the local political and regulatory landscape. To navigate this, global firms are leveraging their resources to hire professional local underwriters, allowing them to compete effectively.

The adoption of surety bonds in North America has been accelerating at a remarkable pace in recent years, and this trend is expected to continue. Rapidly developing economies are prioritizing urban expansion, leading to significant investments in the construction sector. As a result, demand for surety bonds is rising, fueling growth in the North American surety market.

Strategic Insights

A data-driven approach to the North American surety market provides valuable insights into industry trends, key players, and regional dynamics. By analyzing these factors, businesses can identify untapped opportunities and develop competitive advantages. Leveraging analytics enables market participants—whether investors, underwriters, or other stakeholders—to anticipate shifts and align their strategies for long-term success. Ultimately, informed decision-making based on strategic insights helps businesses drive profitability and achieve their objectives in this evolving market.

Regional Insights

Understanding regional variations is crucial for success in the North American surety market. Factors such as consumer preferences, economic conditions, and regulatory frameworks differ across regions and require tailored strategies. Businesses can expand their market reach by identifying underserved areas or adapting their offerings to local needs. A well-defined regional focus enhances resource allocation, marketing effectiveness, and competitive positioning, ultimately fostering growth.

Key Market Segments

By bond type, the contract surety bond segment held the largest market share in North America in 2019. The commercial surety bond segment ranked second in market share that year. Looking ahead, the court surety bond segment is expected to experience the fastest growth between 2020 and 2027.

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About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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