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Market Research Report

Travel Insurance

Published by Global Industry Analysts, Inc. Product code 958781
Published Content info 184 Pages
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Travel Insurance
Published: September 1, 2020 Content info: 184 Pages
Description

Global Travel Insurance Market to Reach $33.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Travel Insurance estimated at US$21.5 Billion in the year 2020, is projected to reach a revised size of US$33.7 Billion by 2027, growing at aCAGR of 6.7% over the period 2020-2027. Domestic Travel, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$14.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the International Travel segment is readjusted to a revised 7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 10% CAGR

The Travel Insurance market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.We bring years of research experience to this 8th edition of our report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Allianz Global Assistance India
  • CSA Travel Protection
  • Seven Corners Inc.
  • TravelSafe Insurance
  • USI Affinity
Table of Contents
Product Code: MCP15311

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Global Competitor Market Shares
    • Travel Insurance Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
    • Impact of Covid-19 and a Looming Global Recession
  • 2. FOCUS ON SELECT PLAYERS
  • 3. MARKET TRENDS & DRIVERS
  • 4. GLOBAL MARKET PERSPECTIVE
    • TABLE 1: Travel Insurance Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 2: Travel Insurance Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
    • TABLE 3: Travel Insurance Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
    • TABLE 4: Domestic Travel (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
    • TABLE 5: Domestic Travel (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
    • TABLE 6: Domestic Travel (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 7: International Travel (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
    • TABLE 8: International Travel (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
    • TABLE 9: International Travel (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • US Travel Insurance Market Share (in %) by Company: 2019 & 2025
    • Market Analytics
    • TABLE 10: United States Travel Insurance Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
    • TABLE 11: Travel Insurance Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
    • TABLE 12: Travel Insurance Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
  • CANADA
    • TABLE 13: Canadian Travel Insurance Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
    • TABLE 14: Travel Insurance Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
    • TABLE 15: Canadian Travel Insurance Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • JAPAN
    • TABLE 16: Japanese Demand Estimates and Forecasts for Travel Insurance in US$ Million by End-Use: 2020 to 2027
    • TABLE 17: Japanese Travel Insurance Market in US$ Million by End-Use: 2012-2019
    • TABLE 18: Travel Insurance Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
  • CHINA
    • TABLE 19: Chinese Demand for Travel Insurance in US$ Million by End-Use: 2020 to 2027
    • TABLE 20: Travel Insurance Market Review in China in US$ Million by End-Use: 2012-2019
    • TABLE 21: Chinese Travel Insurance Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
  • EUROPE
    • Market Facts & Figures
    • European Travel Insurance Market: Competitor Market Share Scenario (in %) for 2019 & 2025
    • Market Analytics
    • TABLE 22: European Travel Insurance Market Demand Scenario in US$ Million by Region/Country: 2020-2027
    • TABLE 23: Travel Insurance Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
    • TABLE 24: European Travel Insurance Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 25: European Travel Insurance Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
    • TABLE 26: Travel Insurance Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
    • TABLE 27: European Travel Insurance Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • FRANCE
    • TABLE 28: Travel Insurance Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
    • TABLE 29: French Travel Insurance Historic Market Review in US$ Million by End-Use: 2012-2019
    • TABLE 30: French Travel Insurance Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
  • GERMANY
    • TABLE 31: Travel Insurance Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
    • TABLE 32: German Travel Insurance Market in Retrospect in US$ Million by End-Use: 2012-2019
    • TABLE 33: Travel Insurance Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
  • ITALY
    • TABLE 34: Italian Demand for Travel Insurance in US$ Million by End-Use: 2020 to 2027
    • TABLE 35: Travel Insurance Market Review in Italy in US$ Million by End-Use: 2012-2019
    • TABLE 36: Italian Travel Insurance Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
  • UNITED KINGDOM
    • TABLE 37: United Kingdom Demand Estimates and Forecasts for Travel Insurance in US$ Million by End-Use: 2020 to 2027
    • TABLE 38: United Kingdom Travel Insurance Market in US$ Million by End-Use: 2012-2019
    • TABLE 39: Travel Insurance Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
  • SPAIN
    • TABLE 40: Spanish Travel Insurance Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
    • TABLE 41: Travel Insurance Market in Spain: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
    • TABLE 42: Spanish Travel Insurance Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • RUSSIA
    • TABLE 43: Russian Travel Insurance Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
    • TABLE 44: Travel Insurance Historic Demand Patterns in Russia by End-Use in US$ Million for 2012-2019
    • TABLE 45: Travel Insurance Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027
  • REST OF EUROPE
    • TABLE 46: Rest of Europe Travel Insurance Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
    • TABLE 47: Travel Insurance Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
    • TABLE 48: Rest of Europe Travel Insurance Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • ASIA-PACIFIC
    • TABLE 49: Asia-Pacific Travel Insurance Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 50: Travel Insurance Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
    • TABLE 51: Asia-Pacific Travel Insurance Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 52: Travel Insurance Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
    • TABLE 53: Asia-Pacific Travel Insurance Historic Market Review in US$ Million by End-Use: 2012-2019
    • TABLE 54: Asia-Pacific Travel Insurance Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
  • AUSTRALIA
    • TABLE 55: Travel Insurance Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
    • TABLE 56: Australian Travel Insurance Market in Retrospect in US$ Million by End-Use: 2012-2019
    • TABLE 57: Travel Insurance Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027
  • INDIA
    • TABLE 58: Indian Travel Insurance Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
    • TABLE 59: Travel Insurance Market in India: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
    • TABLE 60: Indian Travel Insurance Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • SOUTH KOREA
    • TABLE 61: Travel Insurance Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
    • TABLE 62: South Korean Travel Insurance Historic Market Analysis in US$ Million by End-Use: 2012-2019
    • TABLE 63: Travel Insurance Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027
  • REST OF ASIA-PACIFIC
    • TABLE 64: Rest of Asia-Pacific Demand Estimates and Forecasts for Travel Insurance in US$ Million by End-Use: 2020 to 2027
    • TABLE 65: Rest of Asia-Pacific Travel Insurance Market in US$ Million by End-Use: 2012-2019
    • TABLE 66: Travel Insurance Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027
  • LATIN AMERICA
    • TABLE 67: Latin American Travel Insurance Market Trends by Region/Country in US$ Million: 2020-2027
    • TABLE 68: Travel Insurance Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
    • TABLE 69: Latin American Travel Insurance Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
    • TABLE 70: Latin American Demand for Travel Insurance in US$ Million by End-Use: 2020 to 2027
    • TABLE 71: Travel Insurance Market Review in Latin America in US$ Million by End-Use: 2012-2019
    • TABLE 72: Latin American Travel Insurance Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
  • ARGENTINA
    • TABLE 73: Argentinean Travel Insurance Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
    • TABLE 74: Travel Insurance Market in Argentina: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
    • TABLE 75: Argentinean Travel Insurance Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • BRAZIL
    • TABLE 76: Travel Insurance Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027
    • TABLE 77: Brazilian Travel Insurance Historic Market Review in US$ Million by End-Use: 2012-2019
    • TABLE 78: Brazilian Travel Insurance Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
  • MEXICO
    • TABLE 79: Travel Insurance Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
    • TABLE 80: Mexican Travel Insurance Market in Retrospect in US$ Million by End-Use: 2012-2019
    • TABLE 81: Travel Insurance Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027
  • REST OF LATIN AMERICA
    • TABLE 82: Rest of Latin America Travel Insurance Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
    • TABLE 83: Travel Insurance Historic Demand Patterns in Rest of Latin America by End-Use in US$ Million for 2012-2019
    • TABLE 84: Travel Insurance Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027
  • MIDDLE EAST
    • TABLE 85: The Middle East Travel Insurance Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 86: Travel Insurance Market in the Middle East by Region/Country in US$ Million: 2012-2019
    • TABLE 87: The Middle East Travel Insurance Market Share Breakdown by Region/Country: 2012, 2020, and 2027
    • TABLE 88: The Middle East Travel Insurance Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
    • TABLE 89: Travel Insurance Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
    • TABLE 90: The Middle East Travel Insurance Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • IRAN
    • TABLE 91: Iranian Demand Estimates and Forecasts for Travel Insurance in US$ Million by End-Use: 2020 to 2027
    • TABLE 92: Iranian Travel Insurance Market in US$ Million by End-Use: 2012-2019
    • TABLE 93: Travel Insurance Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027
  • ISRAEL
    • TABLE 94: Israeli Travel Insurance Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
    • TABLE 95: Travel Insurance Market in Israel: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
    • TABLE 96: Israeli Travel Insurance Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
  • SAUDI ARABIA
    • TABLE 97: Saudi Arabian Demand for Travel Insurance in US$ Million by End-Use: 2020 to 2027
    • TABLE 98: Travel Insurance Market Review in Saudi Arabia in US$ Million by End-Use: 2012-2019
    • TABLE 99: Saudi Arabian Travel Insurance Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
  • UNITED ARAB EMIRATES
    • TABLE 100: Travel Insurance Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
    • TABLE 101: United Arab Emirates Travel Insurance Historic Market Analysis in US$ Million by End-Use: 2012-2019
    • TABLE 102: Travel Insurance Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027
  • REST OF MIDDLE EAST
    • TABLE 103: Travel Insurance Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
    • TABLE 104: Rest of Middle East Travel Insurance Market in Retrospect in US$ Million by End-Use: 2012-2019
    • TABLE 105: Travel Insurance Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027
  • AFRICA
    • TABLE 106: African Travel Insurance Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
    • TABLE 107: Travel Insurance Historic Demand Patterns in Africa by End-Use in US$ Million for 2012-2019
    • TABLE 108: Travel Insurance Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 46
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