The surety market was valued at US$ 20.26 billion in 2024 and is projected to reach US$ 31.85 billion by 2031; it is expected to register a CAGR of 6.6% during 2025-2031. Growing digitalization and increasing focus on sustainable development are likely to remain a key surety market trend.
Surety Market Analysis
The surety market is growing at a rapid pace due to the growing number of construction activities and digital transformation in bonding processes. The market is expanding steadily, driven by the availability of customized bonds and growing adoption surety for managing financial risks. Moreover, the growing use of advanced technologies and increased focus on environmental, social, and governance (ESG) factors are providing lucrative opportunities for market growth.
Surety Market Overview
Surety is financial guarantees or bonds, a pledge to be liable for another's debt, default, or failure. It is a three-party agreement in which one party (the surety) guarantees the performance or obligations of another (the principal) to a third party (the obligee). A surety functions as an assurance that a person or organization will accept responsibility for meeting financial commitments if the debtor defaults and is unable to pay. The party that guarantees the debt is known as the surety or guarantor. Sureties can be obtained by issuing surety bonds, which are legal contracts that require one party to pay if the other fails to live up to the arrangement. These bonds are highly used by the construction, real estate, finance, and transportation industries to safeguard the oblige against the principal's noncompliance.
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Surety Market: Strategic Insights
Market Size Value in US$ 16.07 Billion in 2019 Market Size Value by US$ 25.18 Billion by 2027 Growth rate CAGR of 6.4% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Surety Market: Strategic Insights

Market Size Value in | US$ 16.07 Billion in 2019 |
Market Size Value by | US$ 25.18 Billion by 2027 |
Growth rate | CAGR of 6.4% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |

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Surety Market Drivers and Opportunities
Digital Transformation in Bonding Processes is Driving the Market
Digital transformation has become one of the noticeable drivers in recent years. The digital revolution of bonding operations is replacing the traditional paper-based system, which supports users in reducing the additional operational costs are driving the market. Traditional paper-based systems are being replaced by digital platforms that simplify bond applications, approvals, and issuances. Middle-market construction companies can consider using these digital solutions to decrease paperwork, increase efficiency, and shorten bond application processing times.
Growing Use of Advanced Technologies
Technology will become increasingly crucial in the surety industry. Surety organizations are heavily investing in advanced technologies such as artificial intelligence, blockchain, and big data analytics to streamline and improve their operations. For instance, blockchain is used to streamline surety bond issuance and claims processing, while big data analytics can help uncover possible hazards and fraud. Thus, significant benefits offered by advanced technologies are creating lucrative opportunities in the market during the forecast period.
Surety Market Report Segmentation Analysis
Key segments that contributed to the derivation of the surety market analysis are bond type.
- Based on bond type, the surety market is divided into contract surety bond, commercial surety bond, fidelity surety bond, and court surety bond. The contract surety bond segment held a larger market share in 2023.
Surety Market Share Analysis by Geography
The geographic scope of the surety market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest surety market share, due to the growing industrialization and increasing number of small businesses in the US and Canada. These countries have a strong economy and favorable support from the government in promoting and establishing start-ups is boosting the market. Surety bonds are highly adopted by small businesses to obtain contracts to assure their customer that the particular work will be performed and completed on time. Surety bonds, issued by surety businesses, are required for a variety of governmental and commercial transactions. The growing number of small enterprises in the North American construction industry, together with the presence of a significant number of surety market participants in the US and Canada, is predicted to drive the surety market.
Surety Market Report Scope
Surety Market News and Recent Developments
The surety market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for telecom billing and revenue management and strategies:
- Core Specialty Insurance Holdings, Inc., a property and casualty insurer, will acquire American Surety in a stock and cash transaction, forming a Bond, Credit, and Guarantee subsegment alongside Specialty Casualty, Property & Short-Tail, and Fronted Programs. This acquisition deal is expected to be completed in Q1 2024. (Source: Core Specialty Insurance Holdings, Inc., Press Release, 2023)
Surety Market Report Coverage and Deliverables
The “Surety Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles

Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Bond Type , and Geography

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The North America held the largest market share in 2024, followed by Europe and APAC.
The global surety market is expected to reach US$ 31.85 billion in the year 2031.
The key players, holding majority shares, in global surety market includes Liberty Mutual Insurance Company; The Travelers Indemnity Company; CNA FINANCIAL CORPORATION; CHUBB LIMITED; and The Hartford.
Rise in digitalization, automation, and other technological advancements is the future trends of the global surety market.
The global surety market was valued at US$ 20.26 billion in 2024 and is expected to grow at a CAGR of 6.6% during 2025–2031.
Increase in adoption of public-private partnerships for infrastructure development, need for restoration of aging infrastructure, and proliferation of insurance industry are the driving factors impacting the global surety market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Analyst Market Outlook
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Surety Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.3.2 List of Vendors in Value Chain
5. Surety Market – Key Market Dynamics
5.1 Surety Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increase in Adoption of Public-Private Partnerships for Infrastructure Development
5.2.2 Need for Restoration of Aging Infrastructure
5.2.3 Proliferation of Insurance Industry
5.3 Market Restraints
5.3.1 Shortage of Properly Trained Underwriters in Surety Industry
5.4 Market Opportunities
5.4.1 Rapid Urbanization
5.5 Future Trends
5.5.1 Rise in Digitalization, Automation, and Other Technological Advancements
5.6 Impact of Drivers and Restraints:
6. Surety Market – Global Market Analysis
6.1 Surety Market Revenue (US$ Million), 2021–2031
6.2 Surety Market Forecast Analysis
7. Surety Market Analysis – by Bond Type
7.1 Contract Surety Bond
7.1.1 Overview
7.1.2 Contract Surety Bond: Surety Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Commercial Surety Bond
7.2.1 Overview
7.2.2 Commercial Surety Bond: Surety Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Fidelity Surety Bond
7.3.1 Overview
7.3.2 Fidelity Surety Bond: Surety Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Court Surety Bond
7.4.1 Overview
7.4.2 Court Surety Bond: Surety Market – Revenue and Forecast to 2031 (US$ Million)
8. Surety Market Analysis – by End Users
8.1 Individuals
8.1.1 Overview
8.1.2 Individuals: Surety Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Enterprises
8.2.1 Overview
8.2.2 Enterprises: Surety Market – Revenue and Forecast to 2031 (US$ Million)
9. Surety Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Surety Market Overview
9.2.2 North America: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.2.3 North America: Surety Market Breakdown, by Bond Type
9.2.3.1 North America: Surety Market– Revenue and Forecast Analysis – by Bond Type
9.2.4 North America: Surety Market Breakdown, by End Users
9.2.4.1 North America: Surety Market– Revenue and Forecast Analysis – by End Users
9.2.5 North America: Surety Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Surety Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.2.5.2.1 United States: Surety Market Breakdown, by Bond Type
9.2.5.2.2 United States: Surety Market Breakdown, by End Users
9.2.5.3 Canada: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.2.5.3.1 Canada: Surety Market Breakdown, by Bond Type
9.2.5.3.2 Canada: Surety Market Breakdown, by End Users
9.2.5.4 Mexico: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.2.5.4.1 Mexico: Surety Market Breakdown, by Bond Type
9.2.5.4.2 Mexico: Surety Market Breakdown, by End Users
9.3 Europe
9.3.1 Europe Surety Market Overview
9.3.2 Europe: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.3 Europe: Surety Market Breakdown, by Bond Type
9.3.3.1 Europe: Surety Market– Revenue and Forecast Analysis – by Bond Type
9.3.4 Europe: Surety Market Breakdown, by End Users
9.3.4.1 Europe: Surety Market– Revenue and Forecast Analysis – by End Users
9.3.5 Europe: Surety Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Surety Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.2.1 Germany: Surety Market Breakdown, by Bond Type
9.3.5.2.2 Germany: Surety Market Breakdown, by End Users
9.3.5.3 France: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.3.1 France: Surety Market Breakdown, by Bond Type
9.3.5.3.2 France: Surety Market Breakdown, by End Users
9.3.5.4 United Kingdom: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.4.1 United Kingdom: Surety Market Breakdown, by Bond Type
9.3.5.4.2 United Kingdom: Surety Market Breakdown, by End Users
9.3.5.5 Italy: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.5.1 Italy: Surety Market Breakdown, by Bond Type
9.3.5.5.2 Italy: Surety Market Breakdown, by End Users
9.3.5.6 Spain: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.6.1 Spain: Surety Market Breakdown, by Bond Type
9.3.5.6.2 Spain: Surety Market Breakdown, by End Users
9.3.5.7 Sweden: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.7.1 Sweden: Surety Market Breakdown, by Bond Type
9.3.5.7.2 Sweden: Surety Market Breakdown, by End Users
9.3.5.8 Norway: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.8.1 Norway: Surety Market Breakdown, by Bond Type
9.3.5.8.2 Norway: Surety Market Breakdown, by End Users
9.3.5.9 Denmark: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.9.1 Denmark: Surety Market Breakdown, by Bond Type
9.3.5.9.2 Denmark: Surety Market Breakdown, by End Users
9.3.5.10 Finland: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.10.1 Finland: Surety Market Breakdown, by Bond Type
9.3.5.10.2 Finland: Surety Market Breakdown, by End Users
9.3.5.11 Rest of Europe: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.3.5.11.1 Rest of Europe: Surety Market Breakdown, by Bond Type
9.3.5.11.2 Rest of Europe: Surety Market Breakdown, by End Users
9.4 Asia Pacific
9.4.1 Asia Pacific Surety Market Overview
9.4.2 Asia Pacific: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.4.3 Asia Pacific: Surety Market Breakdown, by Bond Type
9.4.3.1 Asia Pacific: Surety Market– Revenue and Forecast Analysis – by Bond Type
9.4.4 Asia Pacific: Surety Market Breakdown, by End Users
9.4.4.1 Asia Pacific: Surety Market– Revenue and Forecast Analysis – by End Users
9.4.5 Asia Pacific: Surety Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Surety Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.4.5.2.1 China: Surety Market Breakdown, by Bond Type
9.4.5.2.2 China: Surety Market Breakdown, by End Users
9.4.5.3 Japan: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.4.5.3.1 Japan: Surety Market Breakdown, by Bond Type
9.4.5.3.2 Japan: Surety Market Breakdown, by End Users
9.4.5.4 India: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.4.5.4.1 India: Surety Market Breakdown, by Bond Type
9.4.5.4.2 India: Surety Market Breakdown, by End Users
9.4.5.5 South Korea: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.4.5.5.1 South Korea: Surety Market Breakdown, by Bond Type
9.4.5.5.2 South Korea: Surety Market Breakdown, by End Users
9.4.5.6 Australia: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.4.5.6.1 Australia: Surety Market Breakdown, by Bond Type
9.4.5.6.2 Australia: Surety Market Breakdown, by End Users
9.4.5.7 Rest of APAC: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.4.5.7.1 Rest of APAC: Surety Market Breakdown, by Bond Type
9.4.5.7.2 Rest of APAC: Surety Market Breakdown, by End Users
9.5 Middle East and Africa
9.5.1 Middle East and Africa Surety Market Overview
9.5.2 Middle East and Africa: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.5.3 Middle East and Africa: Surety Market Breakdown, by Bond Type
9.5.3.1 Middle East and Africa: Surety Market– Revenue and Forecast Analysis – by Bond Type
9.5.4 Middle East and Africa: Surety Market Breakdown, by End Users
9.5.4.1 Middle East and Africa: Surety Market– Revenue and Forecast Analysis – by End Users
9.5.5 Middle East and Africa: Surety Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Surety Market – Revenue and Forecast Analysis – by Country
9.5.5.2 Saudi Arabia: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.5.5.2.1 Saudi Arabia: Surety Market Breakdown, by Bond Type
9.5.5.2.2 Saudi Arabia: Surety Market Breakdown, by End Users
9.5.5.3 United Arab Emirates: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.5.5.3.1 United Arab Emirates: Surety Market Breakdown, by Bond Type
9.5.5.3.2 United Arab Emirates: Surety Market Breakdown, by End Users
9.5.5.4 South Africa: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.5.5.4.1 South Africa: Surety Market Breakdown, by Bond Type
9.5.5.4.2 South Africa: Surety Market Breakdown, by End Users
9.5.5.5 Rest of Middle East and Africa: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Surety Market Breakdown, by Bond Type
9.5.5.5.2 Rest of Middle East and Africa: Surety Market Breakdown, by End Users
9.6 South and Central America
9.6.1 South and Central America Surety Market Overview
9.6.2 South and Central America: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.6.3 South and Central America: Surety Market Breakdown, by Bond Type
9.6.3.1 South and Central America: Surety Market– Revenue and Forecast Analysis – by Bond Type
9.6.4 South and Central America: Surety Market Breakdown, by End Users
9.6.4.1 South and Central America: Surety Market– Revenue and Forecast Analysis – by End Users
9.6.5 South and Central America: Surety Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Surety Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.6.5.2.1 Brazil: Surety Market Breakdown, by Bond Type
9.6.5.2.2 Brazil: Surety Market Breakdown, by End Users
9.6.5.3 Argentina: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.6.5.3.1 Argentina: Surety Market Breakdown, by Bond Type
9.6.5.3.2 Argentina: Surety Market Breakdown, by End Users
9.6.5.4 Rest of South and Central America: Surety Market – Revenue, 2021 - 2031 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Surety Market Breakdown, by Bond Type
9.6.5.4.2 Rest of South and Central America: Surety Market Breakdown, by End Users
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Market Share Analysis, 2024
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Mergers and Acquisitions
12. Company Profiles
12.1 Crum & Forster
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 CNA Financial Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 The Travelers Companies Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Liberty Mutual Holding Co Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 The Hartford Insurance Group, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Chubb Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Credendo
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Great American Insurance Company
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Atradius NV
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 IAT Insurance Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
List of Tables
Table 1. Surety Market Segmentation
Table 2. List of Vendors
Table 3. Surety Market – Revenue, 2021- 2024 (US$ Million)
Table 4. Surety Market – Revenue, 2025- 2031 (US$ Million)
Table 5. Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 6. Surety Market – Revenue, 2025 - 2031(US$ Million) – by Bond Type
Table 7. Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 8. Surety Market – Revenue, 2025 - 2031(US$ Million) – by End Users
Table 9. North America: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Bond Type
Table 10. North America: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 11. North America: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by End Users
Table 12. North America: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 13. North America: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 14. North America: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 15. United States: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 16. United States: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 17. United States: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 18. United States: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 19. Canada: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 20. Canada: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 21. Canada: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 22. Canada: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 23. Mexico: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 24. Mexico: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 25. Mexico: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 26. Mexico: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 27. Europe: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Bond Type
Table 28. Europe: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 29. Europe: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by End Users
Table 30. Europe: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 31. Europe: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 32. Europe: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 33. Germany: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 34. Germany: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 35. Germany: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 36. Germany: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 37. France: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 38. France: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 39. France: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 40. France: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 41. United Kingdom: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 42. United Kingdom: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 43. United Kingdom: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 44. United Kingdom: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 45. Italy: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 46. Italy: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 47. Italy: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 48. Italy: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 49. Spain: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 50. Spain: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 51. Spain: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 52. Spain: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 53. Sweden: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 54. Sweden: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 55. Sweden: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 56. Sweden: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 57. Norway: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 58. Norway: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 59. Norway: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 60. Norway: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 61. Denmark: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 62. Denmark: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 63. Denmark: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 64. Denmark: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 65. Finland: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 66. Finland: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 67. Finland: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 68. Finland: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 69. Rest of Europe: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 70. Rest of Europe: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 71. Rest of Europe: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 72. Rest of Europe: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 73. Asia Pacific: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Bond Type
Table 74. Asia Pacific: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 75. Asia Pacific: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by End Users
Table 76. Asia Pacific: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 77. Asia Pacific: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 78. Asia Pacific: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 79. China: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 80. China: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 81. China: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 82. China: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 83. Japan: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 84. Japan: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 85. Japan: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 86. Japan: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 87. India: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 88. India: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 89. India: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 90. India: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 91. South Korea: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 92. South Korea: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 93. South Korea: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 94. South Korea: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 95. Australia: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 96. Australia: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 97. Australia: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 98. Australia: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 99. Rest of APAC: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 100. Rest of APAC: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 101. Rest of APAC: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 102. Rest of APAC: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 103. Middle East and Africa: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Bond Type
Table 104. Middle East and Africa: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 105. Middle East and Africa: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by End Users
Table 106. Middle East and Africa: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 107. Middle East and Africa: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 108. Middle East and Africa: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 109. Saudi Arabia: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 110. Saudi Arabia: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 111. Saudi Arabia: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 112. Saudi Arabia: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 113. United Arab Emirates: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 114. United Arab Emirates: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 115. United Arab Emirates: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 116. United Arab Emirates: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 117. South Africa: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 118. South Africa: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 119. South Africa: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 120. South Africa: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 121. Rest of Middle East and Africa: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 122. Rest of Middle East and Africa: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 123. Rest of Middle East and Africa: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 124. Rest of Middle East and Africa: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 125. South and Central America: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Bond Type
Table 126. South and Central America: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 127. South and Central America: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by End Users
Table 128. South and Central America: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 129. South and Central America: Surety Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 130. South and Central America: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 131. Brazil: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 132. Brazil: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 133. Brazil: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 134. Brazil: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 135. Argentina: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 136. Argentina: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 137. Argentina: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 138. Argentina: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 139. Rest of South and Central America: Surety Market – Revenue, 2021 -2024(US$ Million) – by Bond Type
Table 140. Rest of South and Central America: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by Bond Type
Table 141. Rest of South and Central America: Surety Market – Revenue, 2021 -2024(US$ Million) – by End Users
Table 142. Rest of South and Central America: Surety Market – Revenue, 2025 - 2031 (US$ Million) – by End Users
Table 143. List of Abbreviation
List of Figures
Figure 1. Surety Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Surety Market Revenue (US$ Million), 2021–2031
Figure 5. Surety Market Share (%) – by Bond Type (2024 and 2031)
Figure 6. Contract Surety Bond: Surety Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Commercial Surety Bond: Surety Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Fidelity Surety Bond: Surety Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Court Surety Bond: Surety Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Surety Market Share (%) – by End Users (2024 and 2031)
Figure 11. Individuals: Surety Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Enterprises: Surety Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Surety Market Breakdown by Region, 2024 and 2031 (%)
Figure 14. North America: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 15. North America: Surety Market Breakdown, by Bond Type (2024 and 2031)
Figure 16. North America: Surety Market Breakdown, by End Users (2024 and 2031)
Figure 17. North America: Surety Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 18. United States: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 19. Canada: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 20. Mexico: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 21. Europe: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 22. Europe: Surety Market Breakdown, by Bond Type (2024 and 2031)
Figure 23. Europe: Surety Market Breakdown, by End Users (2024 and 2031)
Figure 24. Europe: Surety Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 25. Germany: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 26. France: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 27. United Kingdom: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 28. Italy: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 29. Spain: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 30. Sweden: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 31. Norway: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 32. Denmark: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 33. Finland: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 34. Rest of Europe: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 35. Asia Pacific: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 36. Asia Pacific: Surety Market Breakdown, by Bond Type (2024 and 2031)
Figure 37. Asia Pacific: Surety Market Breakdown, by End Users (2024 and 2031)
Figure 38. Asia Pacific: Surety Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 39. China: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 40. Japan: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 41. India: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 42. South Korea: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 43. Australia: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 44. Rest of APAC: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 45. Middle East and Africa: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 46. Middle East and Africa: Surety Market Breakdown, by Bond Type (2024 and 2031)
Figure 47. Middle East and Africa: Surety Market Breakdown, by End Users (2024 and 2031)
Figure 48. Middle East and Africa: Surety Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 49. Saudi Arabia: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 50. United Arab Emirates: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 51. South Africa: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 52. Rest of Middle East and Africa: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 53. South and Central America: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 54. South and Central America: Surety Market Breakdown, by Bond Type (2024 and 2031)
Figure 55. South and Central America: Surety Market Breakdown, by End Users (2024 and 2031)
Figure 56. South and Central America: Surety Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 57. Brazil: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 58. Argentina: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 59. Rest of South and Central America: Surety Market – Revenue, 2021 - 2031 (US$ Million)
Figure 60. Heat Map Analysis By Key Players
Figure 61. Company Market Share Analysis, 2024
The List of Companies - Surety Market
- Crum & Forster
- CNA Financial Corp
- The Travelers Companies Inc
- Liberty Mutual Holding Co Inc
- The Hartford Insurance Group, Inc.
- Chubb Ltd
- Credendo
- Great American Insurance Company
- Atradius NV
- IAT Insurance Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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