South Korea Trade Credit Insurance Market Size & Outlook
South Korea trade credit insurance market, 2017-2030 (US$M)
Related Markets
South Korea trade credit insurance market highlights
- The South Korea trade credit insurance market generated a revenue of USD 244.6 million in 2023 and is expected to reach USD 524.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating enterprise size in 2023.
- Small and Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
Trade credit insurance market data book summary
| Market revenue in 2023 | USD 244.6 million |
| Market revenue in 2030 | USD 524.9 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small and Medium Enterprises |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large Enterprises, Small and Medium Enterprises |
| Key market players worldwide | Allianz SE, Coface SA, American International Group Inc, Zurich Insurance Group AG, Chubb Ltd, QBE Insurance Group Ltd, American Financial Group Inc, Aon PLC Class A |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global trade credit insurance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China trade credit insurance market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 908.1 million by 2030.
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Trade Credit Insurance Market Scope
Trade Credit Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea trade credit insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to trade credit insurance market will help companies and investors design strategic landscapes.
Large enterprises was the largest segment with a revenue share of 58.59% in 2023. Horizon Databook has segmented the South Korea trade credit insurance market based on large enterprises, small and medium enterprises covering the revenue growth of each sub-segment from 2017 to 2030.
The country has a well-established export industry, particularly in the electronics and automotive sectors. This has created a demand for trade credit insurance to protect against payment defaults and other risks.
In addition, the South Korean government has introduced various initiatives such as ‘export first’ policy to promote exports and international trade, which have further propelled the growth of the trade credit insurance market.
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Target buyers of South Korea trade credit insurance market databook
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Our clientele includes a mix of trade credit insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea trade credit insurance market , including forecasts for subscribers. This country databook contains high-level insights into South Korea trade credit insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea trade credit insurance market size, by enterprise size, 2017-2030 (US$M)
South Korea Trade Credit Insurance Market Outlook Share, 2023 & 2030 (US$M)
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