Global Surety Market Report 2024

Surety Global Market Report 2025 – By Bond Type (Contract Surety Bond, Commercial Surety Bond, Fidelity Surety Bond, Court Surety Bond), By Application (Government Agencies, Enterprise), By End User (Businesses, Contractors, Construction Organizations, Government Agencies, Suppliers, Service Providers And Individuals) – Market Size, Trends, And Global Forecast 2025-2034

Surety Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Surety Market Definition

Surety refers to a contractual agreement in which a surety guarantees the performance and obligations of a principal to a third party. It is utilized to ensure that contractors, businesses, and individuals meet their commitments, such as completing projects and paying debts. This guarantee ensures that the oblige will receive compensation if the principal fails to fulfill their contractual duties or obligations.

The main types of bonds in the surety market are contract surety bond, commercial surety bond, fidelity surety bond, and court surety bond. A contract surety bond guarantees that a contractor will fulfill their contractual obligations, ensuring project completion and payment to subcontractors and suppliers. The various applications include government agencies and enterprise, and several end users including businesses, contractors, construction organizations, government agencies, suppliers, and service providers and individuals.

Surety Market Segmentation

The surety market covered in this report is segmented –

1) By Bond Type: Contract Surety Bond, Commercial Surety Bond, Fidelity Surety Bond, Court Surety Bond

2) By Application: Government Agencies, Enterprise

3) By End User: Businesses, Contractors, Construction Organizations, Government Agencies, Suppliers, Service Providers And Individuals

Subsegments:

1) By Contract Surety Bond: Performance Bonds, Payment Bonds, Bid Bonds, Maintenance Bonds

2) By Commercial Surety Bond: License And Permit Bonds, Court Bonds (Commercial), Customs Bonds, Miscellaneous Commercial Bonds

3) By Fidelity Surety Bond: Employee Dishonesty Bonds, Business Service Bonds, ERISA Bonds (Employee Retirement Income Security Act)

4) By Court Surety Bond: Appeal Bonds, Judicial Bonds, Bail Bonds, Probate Bonds

Surety Market Size and growth rate 2025 to 2029: Graph

Surety Market Size 2025 And Growth Rate

The surety market size has grown strongly in recent years. It will grow from $19.62 billion in 2024 to $21 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increasing construction activities, rising infrastructure development, rising construction industry standards, rising construction sector innovations, growth in private sector investments, growth in real estate development.

Surety Market Growth Forecast

The surety market size is expected to see strong growth in the next few years. It will grow to $27.31 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for construction projects, increasing government regulations, increasing number of infrastructure projects, increasing adoption of technology in underwriting, rising number of small and medium sized enterprises (SMEs). Major trends in the forecast period include adoption of digital platforms, advancements in risk management tools, adoption of automated underwriting processes, advancements in digital verification methods, advancements in fraud detection technology.

Surety Market Driver: Growth Of Digital Payment Services Driving Expansion In The Surety Market

The growing use of digital payment services is expected to propel the growth of the surety market going forward. Digital payment refers to the services that involve using electronic channels and mobile devices to facilitate monetary transactions online. Higher smartphone usage, better internet access, advanced security measures, and user convenience drive digital payment. Surety helps by providing a financial guarantee that ensures the performance and reliability of service providers, protecting users from potential losses due to fraud, service disruptions, or non-compliance with contractual obligations. For instance, in February 2023, according to the Ministry of Electronics & IT, an India-based ministry, total number of digital transactions was valued at 8,840 crore ($1.056 billion) in 2021-2022, reaching 9,192 crore ($1.097 billion) till December 2022. Therefore, the growing use of digital payment services drives the surety market.

Global Surety Market Major Players

Major companies operating in the surety market are Berkshire Hathaway Specialty Insurance Company, Nationwide Financial General Agency Inc., Liberty Mutual Group, Zurich Insurance Group Ltd, Chubb Limited, The Travelers Indemnity Company, The Hartford Financial Services Group Inc., Marsh & McLennan Companies Inc, Intact Financial Corporation, QBE Insurance Group Limited, Aon plc, Everest Group Ltd, CNA Financial Corporation, Markel Corporation, Arch Capital Group Ltd, AssuredPartners Inc., Old Republic International Corporation, American Financial Group Inc., AmTrust Financial Services Inc., The Hanover Insurance Group Inc., Crum & Forster Insurance, Starr International Company Inc., Tokio Marine Holdings Inc., Allianz Trade, Aspen Insurance Holdings Limited, IAT Insurance Group Inc., EverQuote Inc., J.S. Held LLC, Prime Insurance Company Limited, American Surety Company

Global Surety Market Trend: ICICI Lombard Launches Surety Insurance To Enhance Financial Security And Risk Management

Major companies operating in the surety market are developing surety insurance to enhance financial security and meet the growing demand for risk management solutions. Surety insurance, also known as surety bonds provides a financial guarantee that obligations will be fulfilled, offering protection and confidence to parties involved in various transactions and contracts. For instance, in July 2024, ICICI Lombard, an India-based insurance company, launched surety insurance, offering financial guarantees to ensure contractors meet their obligations. This product frees up banking lines and supports larger projects by providing both conditional and unconditional options, advanced risk management, and improved financial flexibility. Its introduction is significant in the surety insurance market, addressing the growing infrastructure sector's demand for effective risk mitigation and helping businesses secure larger, high-value contracts.

Surety Market Merger And Acquisition: Core Specialty Acquires American Surety To Expand Specialty Insurance Portfolio

In June 2024, Core Specialty, a US-based insurance company, acquired American Surety Company for an undisclosed amount. Through this acquisition, Core Specialty aims to strengthen its position in specialty insurance by adding American Surety as its 17th business unit. This expands its bond, credit, and guarantee sub-segment with new product lines, such as bail bonds and commercial surety bonds, under the surety division, which enhances its market presence and supports its goal of leading in the profitable surety market. American Surety is a US-based company that provides surety bonds and insurance services.

Regional Outlook For The Global Surety Market

North America was the largest region in the surety market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the surety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the surety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Surety Market?

The surety market includes revenues earned by entities by providing services such as issuing performance guarantees, providing bond underwriting, and payment bonds. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Surety Industry?

The surety market research report is one of a series of new reports from The Business Research Company that provides surety market statistics, including the surety industry global market size, regional shares, competitors with surety market share, detailed surety market segments, market trends, and opportunities, and any further data you may need to thrive in the surety industry. These surety market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Surety Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2025 $21 billion
Revenue Forecast In 2034 $27.31 billion
Growth Rate CAGR of 6.8% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Bond Type: Contract Surety Bond, Commercial Surety Bond, Fidelity Surety Bond, Court Surety Bond
2) By Application: Government Agencies, Enterprise
3) By End User: Businesses, Contractors, Construction Organizations, Government Agencies, Suppliers, Service Providers And Individuals Subsegments: 1) By Contract Surety Bond: Performance Bonds, Payment Bonds, Bid Bonds, Maintenance Bonds
2) By Commercial Surety Bond: License And Permit Bonds, Court Bonds (Commercial), Customs Bonds, Miscellaneous Commercial Bonds
3) By Fidelity Surety Bond: Employee Dishonesty Bonds, Business Service Bonds, ERISA Bonds (Employee Retirement Income Security Act)
4) By Court Surety Bond: Appeal Bonds, Judicial Bonds, Bail Bonds, Probate Bonds
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Berkshire Hathaway Specialty Insurance Company, Nationwide Financial General Agency Inc., Liberty Mutual Group, Zurich Insurance Group Ltd, Chubb Limited, The Travelers Indemnity Company, The Hartford Financial Services Group Inc., Marsh & McLennan Companies Inc, Intact Financial Corporation, QBE Insurance Group Limited, Aon plc, Everest Group Ltd, CNA Financial Corporation, Markel Corporation, Arch Capital Group Ltd, AssuredPartners Inc., Old Republic International Corporation, American Financial Group Inc., AmTrust Financial Services Inc., The Hanover Insurance Group Inc., Crum & Forster Insurance, Starr International Company Inc., Tokio Marine Holdings Inc., Allianz Trade, Aspen Insurance Holdings Limited, IAT Insurance Group Inc., EverQuote Inc., J.S. Held LLC, Prime Insurance Company Limited, American Surety Company
Customization ScopeRequest for Sample
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    Table Of Contents

    1. Executive Summary

    2. Surety Market Characteristics

    3. Surety Market Trends And Strategies

    4. Surety Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

    5. Global Surety Growth Analysis And Strategic Analysis Framework

    5.1. Global Surety PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

    5.2. Analysis Of End Use Industries

    5.3. Global Surety Market Growth Rate Analysis

    5.4. Global Surety Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

    5.5. Global Surety Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

    5.6. Global Surety Total Addressable Market (TAM)

    6. Surety Market Segmentation

    6.1. Global Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Contract Surety Bond

    Commercial Surety Bond

    Fidelity Surety Bond

    Court Surety Bond

    6.2. Global Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Government Agencies

    Enterprise

    6.3. Global Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Businesses

    Contractors

    Construction Organizations

    Government Agencies

    Suppliers

    Service Providers And Individuals

    6.4. Global Surety Market, Sub-Segmentation Of Contract Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Performance Bonds

    Payment Bonds

    Bid Bonds

    Maintenance Bonds

    6.5. Global Surety Market, Sub-Segmentation Of Commercial Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    License And Permit Bonds

    Court Bonds (Commercial)

    Customs Bonds

    Miscellaneous Commercial Bonds

    6.6. Global Surety Market, Sub-Segmentation Of Fidelity Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Employee Dishonesty Bonds

    Business Service Bonds

    ERISA Bonds (Employee Retirement Income Security Act)

    6.7. Global Surety Market, Sub-Segmentation Of Court Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Appeal Bonds

    Judicial Bonds

    Bail Bonds

    Probate Bonds

    7. Surety Market Regional And Country Analysis

    7.1. Global Surety Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    7.2. Global Surety Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8. Asia-Pacific Surety Market

    8.1. Asia-Pacific Surety Market Overview

    Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.3. Asia-Pacific Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.4. Asia-Pacific Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    9. China Surety Market

    9.1. China Surety Market Overview

    9.2. China Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.3. China Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.4. China Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    10. India Surety Market

    10.1. India Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.2. India Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.3. India Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11. Japan Surety Market

    11.1. Japan Surety Market Overview

    11.2. Japan Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.3. Japan Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.4. Japan Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12. Australia Surety Market

    12.1. Australia Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.2. Australia Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.3. Australia Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13. Indonesia Surety Market

    13.1. Indonesia Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.2. Indonesia Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.3. Indonesia Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14. South Korea Surety Market

    14.1. South Korea Surety Market Overview

    14.2. South Korea Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.3. South Korea Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.4. South Korea Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15. Western Europe Surety Market

    15.1. Western Europe Surety Market Overview

    15.2. Western Europe Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.3. Western Europe Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.4. Western Europe Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16. UK Surety Market

    16.1. UK Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.2. UK Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.3. UK Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17. Germany Surety Market

    17.1. Germany Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.2. Germany Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.3. Germany Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18. France Surety Market

    18.1. France Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.2. France Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.3. France Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19. Italy Surety Market

    19.1. Italy Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.2. Italy Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.3. Italy Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20. Spain Surety Market

    20.1. Spain Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.2. Spain Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.3. Spain Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21. Eastern Europe Surety Market

    21.1. Eastern Europe Surety Market Overview

    21.2. Eastern Europe Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.3. Eastern Europe Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.4. Eastern Europe Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22. Russia Surety Market

    22.1. Russia Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.2. Russia Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.3. Russia Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23. North America Surety Market

    23.1. North America Surety Market Overview

    23.2. North America Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.3. North America Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.4. North America Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24. USA Surety Market

    24.1. USA Surety Market Overview

    24.2. USA Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.3. USA Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.4. USA Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25. Canada Surety Market

    25.1. Canada Surety Market Overview

    25.2. Canada Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.3. Canada Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.4. Canada Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26. South America Surety Market

    26.1. South America Surety Market Overview

    26.2. South America Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.3. South America Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.4. South America Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27. Brazil Surety Market

    27.1. Brazil Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.2. Brazil Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.3. Brazil Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28. Middle East Surety Market

    28.1. Middle East Surety Market Overview

    28.2. Middle East Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.3. Middle East Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.4. Middle East Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29. Africa Surety Market

    29.1. Africa Surety Market Overview

    29.2. Africa Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.3. Africa Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.4. Africa Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    30. Surety Market Competitive Landscape And Company Profiles

    30.1. Surety Market Competitive Landscape

    30.2. Surety Market Company Profiles

    30.2.1. Berkshire Hathaway Specialty Insurance Company Overview, Products and Services, Strategy and Financial Analysis

    30.2.2. Nationwide Financial General Agency Inc. Overview, Products and Services, Strategy and Financial Analysis

    30.2.3. Liberty Mutual Group Overview, Products and Services, Strategy and Financial Analysis

    30.2.4. Zurich Insurance Group Ltd Overview, Products and Services, Strategy and Financial Analysis

    30.2.5. Chubb Limited Overview, Products and Services, Strategy and Financial Analysis

    31. Surety Market Other Major And Innovative Companies

    31.1. The Travelers Indemnity Company

    31.2. The Hartford Financial Services Group Inc.

    31.3. Marsh & McLennan Companies Inc

    31.4. Intact Financial Corporation

    31.5. QBE Insurance Group Limited

    31.6. Aon plc

    31.7. Everest Group Ltd

    31.8. CNA Financial Corporation

    31.9. Markel Corporation

    31.10. Arch Capital Group Ltd

    31.11. AssuredPartners Inc.

    31.12. Old Republic International Corporation

    31.13. American Financial Group Inc.

    31.14. AmTrust Financial Services Inc.

    31.15. The Hanover Insurance Group Inc.

    32. Global Surety Market Competitive Benchmarking And Dashboard

    33. Key Mergers And Acquisitions In The Surety Market

    34. Recent Developments In The Surety Market

    35. Surety Market High Potential Countries, Segments and Strategies

    35.1 Surety Market In 2029 - Countries Offering Most New Opportunities

    35.2 Surety Market In 2029 - Segments Offering Most New Opportunities

    35.3 Surety Market In 2029 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Surety Market, Sub-Segmentation Of Contract Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Surety Market, Sub-Segmentation Of Commercial Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Surety Market, Sub-Segmentation Of Fidelity Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Surety Market, Sub-Segmentation Of Court Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Surety Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Surety Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Berkshire Hathaway Specialty Insurance Company Financial Performance
  • Table 79: Nationwide Financial General Agency Inc. Financial Performance
  • Table 80: Liberty Mutual Group Financial Performance
  • Table 81: Zurich Insurance Group Ltd Financial Performance
  • Table 82: Chubb Limited Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Surety Market, Sub-Segmentation Of Contract Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Surety Market, Sub-Segmentation Of Commercial Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Surety Market, Sub-Segmentation Of Fidelity Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Surety Market, Sub-Segmentation Of Court Surety Bond, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Surety Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Surety Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Surety Market, Segmentation By Bond Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Surety Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Surety Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Berkshire Hathaway Specialty Insurance Company Financial Performance
  • Figure 79: Nationwide Financial General Agency Inc. Financial Performance
  • Figure 80: Liberty Mutual Group Financial Performance
  • Figure 81: Zurich Insurance Group Ltd Financial Performance
  • Figure 82: Chubb Limited Financial Performance
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Frequently Asked Questions

What is the definition of the Surety market?

Surety refers to a contractual agreement in which a surety guarantees the performance and obligations of a principal to a third party. It is utilized to ensure that contractors, businesses, and individuals meet their commitments, such as completing projects and paying debts. This guarantee ensures that the oblige will receive compensation if the principal fails to fulfill their contractual duties or obligations. For further insights on the Surety market, request a sample here

How will the Surety market drivers and restraints affect the market dynamics? What forces will shape the Surety industry going forward?

The Surety market major growth driver - Growth Of Digital Payment Services Driving Expansion In The Surety Market. For further insights on the Surety market, request a sample here

What is the forecast market size or the forecast market value of the Surety market?

The Surety market size has grown strongly in recent years. The surety market size has grown strongly in recent years. It will grow from $19.62 billion in 2024 to $21 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increasing construction activities, rising infrastructure development, rising construction industry standards, rising construction sector innovations, growth in private sector investments, growth in real estate development. The surety market size is expected to see strong growth in the next few years. It will grow to $27.31 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for construction projects, increasing government regulations, increasing number of infrastructure projects, increasing adoption of technology in underwriting, rising number of small and medium sized enterprises (SMEs). Major trends in the forecast period include adoption of digital platforms, advancements in risk management tools, adoption of automated underwriting processes, advancements in digital verification methods, advancements in fraud detection technology. For further insights on the Surety market, request a sample here

How is the Surety market segmented?

The surety market covered in this report is segmented –
1) By Bond Type: Contract Surety Bond, Commercial Surety Bond, Fidelity Surety Bond, Court Surety Bond
2) By Application: Government Agencies, Enterprise
3) By End User: Businesses, Contractors, Construction Organizations, Government Agencies, Suppliers, Service Providers And Individuals
Subsegments:
1) By Contract Surety Bond: Performance Bonds, Payment Bonds, Bid Bonds, Maintenance Bonds
2) By Commercial Surety Bond: License And Permit Bonds, Court Bonds (Commercial), Customs Bonds, Miscellaneous Commercial Bonds
3) By Fidelity Surety Bond: Employee Dishonesty Bonds, Business Service Bonds, ERISA Bonds (Employee Retirement Income Security Act)
4) By Court Surety Bond: Appeal Bonds, Judicial Bonds, Bail Bonds, Probate Bonds For further insights on the Surety market,
request a sample here

Which region has the largest share of the Surety market? What are the other regions covered in the report?

North America was the largest region in the surety market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the surety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Surety market, request a sample here.

Who are the major players in the Surety market?

Major companies operating in the surety market are developing surety insurance to enhance financial security and meet the growing demand for risk management solutions. Surety insurance, also known as surety bonds provides a financial guarantee that obligations will be fulfilled, offering protection and confidence to parties involved in various transactions and contracts. For instance, in July 2024, ICICI Lombard, an India-based insurance company, launched surety insurance, offering financial guarantees to ensure contractors meet their obligations. This product frees up banking lines and supports larger projects by providing both conditional and unconditional options, advanced risk management, and improved financial flexibility. Its introduction is significant in the surety insurance market, addressing the growing infrastructure sector's demand for effective risk mitigation and helping businesses secure larger, high-value contracts.. For further insights on the Surety market, request a sample here.

What are the key trends in the Surety market?

Major trends in the Surety market include ICICI Lombard Launches Surety Insurance To Enhance Financial Security And Risk Management. For further insights on the Surety market, request a sample here.

What are the major opportunities in the Surety market? What are the strategies for the Surety market?

For detailed insights on the major opportunities and strategies in the Surety market, request a sample here.

How does the Surety market relate to the overall economy and other similar markets?

For detailed insights on Surety's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Surety industry?

For detailed insights on the mergers and acquisitions in the Surety industry, request a sample here.

What are the key dynamics influencing the Surety market growth? SWOT analysis of the Surety market.

For detailed insights on the key dynamics influencing the Surety market growth and SWOT analysis of the Surety industry, request a sample here.