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 contains market size and forecasts of Surety in Global, including the following market information:
Global Surety Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Surety market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Contract Surety Bond Segment to Reach $ Million by 2028, 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 and etc. In 2021, 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, 2017-2022, 2023-2028 ($ millions)
Global Surety Market Segment Percentages, by Type, 2021 (%)
Contract Surety Bond
Commercial Surety Bond
Court Surety Bond
Fidelity Surety Bond
Global Surety Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Surety Market Segment Percentages, by Application, 2021 (%)
Government Agency
Enterprise
Global Surety Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Surety Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (estimated), ($ millions)
Key companies Surety revenues share in global market, 2021 (%)
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