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Surety Market Size, Share 2024
In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. The person or company providing the promise is also known as a "surety" or as a "guarantor".
This report aims to provide a comprehensive presentation of the global market for Surety, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Surety. This report contains market size and forecasts of Surety in global, including the following market information:
Global Surety Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global top five companies in 2023 (%)
The global Surety market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is to reach $ Million.
Contract Surety Bond Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Surety include Crum & Forster, CNA Financial Corporation, American Financial Group, Inc., The Travelers Indemnity Company, Liberty Mutual Insurance Company, The Hartford, HCC Insurance Holdings Inc., Chubb and AmTrust Financial Services, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
We surveyed the Surety companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Surety Market, by Type, 2019-2024, 2025-2030 ($ millions)
Global Surety Market Segment Percentages, by Type, 2023 (%)
Contract Surety Bond
Commercial Surety Bond
Court Surety Bond
Fidelity Surety Bond
Global Surety Market, by Application, 2019-2024, 2025-2030 ($ millions)
Global Surety Market Segment Percentages, by Application, 2023 (%)
Government Agency
Enterprise
Global Surety Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions)
Global Surety Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Surety revenues in global market, 2019-2024 (estimated), ($ millions)
Key companies Surety revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Crum & Forster
CNA Financial Corporation
American Financial Group, Inc.
The Travelers Indemnity Company
Liberty Mutual Insurance Company
The Hartford
HCC Insurance Holdings Inc.
Chubb
AmTrust Financial Services
IFIC Security Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of Surety, market overview.
Chapter 2: Global Surety market size in revenue.
Chapter 3: Detailed analysis of Surety company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Surety in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
| Report Attributes |
Report Details |
| Report Title |
Surety Market, Global Outlook and Forecast 2024-2030 |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2023 |
| Forecast Year |
2031 |
| Number of Pages |
64 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Surety Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Surety Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Surety Overall Market Size
2.1 Global Surety Market Size: 2023 VS 2030
2.2 Global Surety Market Size, Prospects & Forecasts: 2019-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Surety Players in Global Market
3.2 Top Global Surety Companies Ranked by Revenue
3.3 Global Surety Revenue by Companies
3.4 Top 3 and Top 5 Surety Companies in Global Market, by Revenue in 2023
3.5 Global Companies Surety Product Type
3.6 Tier 1, Tier 2 and Tier 3 Surety Players in Global Market
3.6.1 List of Global Tier 1 Surety Companies
3.6.2 List of Global Tier 2 and Tier 3 Surety Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Surety Market Size Markets, 2023 & 2030
4.1.2 Contract Surety Bond
4.1.3 Commercial Surety Bond
4.1.4 Court Surety Bond
4.1.5 Fidelity Surety Bond
4.2 By Type - Global Surety Revenue & Forecasts
4.2.1 By Type - Global Surety Revenue, 2019-2024
4.2.2 By Type - Global Surety Revenue, 2025-2030
4.2.3 By Type - Global Surety Revenue Market Share, 2019-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Surety Market Size, 2023 & 2030
5.1.2 Government Agency
5.1.3 Enterprise
5.2 By Application - Global Surety Revenue & Forecasts
5.2.1 By Application - Global Surety Revenue, 2019-2024
5.2.2 By Application - Global Surety Revenue, 2025-2030
5.2.3 By Application - Global Surety Revenue Market Share, 2019-2030
6 Sights by Region
6.1 By Region - Global Surety Market Size, 2023 & 2030
6.2 By Region - Global Surety Revenue & Forecasts
6.2.1 By Region - Global Surety Revenue, 2019-2024
6.2.2 By Region - Global Surety Revenue, 2025-2030
6.2.3 By Region - Global Surety Revenue Market Share, 2019-2030
6.3 North America
6.3.1 By Country - North America Surety Revenue, 2019-2030
6.3.2 US Surety Market Size, 2019-2030
6.3.3 Canada Surety Market Size, 2019-2030
6.3.4 Mexico Surety Market Size, 2019-2030
6.4 Europe
6.4.1 By Country - Europe Surety Revenue, 2019-2030
6.4.2 Germany Surety Market Size, 2019-2030
6.4.3 France Surety Market Size, 2019-2030
6.4.4 U.K. Surety Market Size, 2019-2030
6.4.5 Italy Surety Market Size, 2019-2030
6.4.6 Russia Surety Market Size, 2019-2030
6.4.7 Nordic Countries Surety Market Size, 2019-2030
6.4.8 Benelux Surety Market Size, 2019-2030
6.5 Asia
6.5.1 By Region - Asia Surety Revenue, 2019-2030
6.5.2 China Surety Market Size, 2019-2030
6.5.3 Japan Surety Market Size, 2019-2030
6.5.4 South Korea Surety Market Size, 2019-2030
6.5.5 Southeast Asia Surety Market Size, 2019-2030
6.5.6 India Surety Market Size, 2019-2030
6.6 South America
6.6.1 By Country - South America Surety Revenue, 2019-2030
6.6.2 Brazil Surety Market Size, 2019-2030
6.6.3 Argentina Surety Market Size, 2019-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Surety Revenue, 2019-2030
6.7.2 Turkey Surety Market Size, 2019-2030
6.7.3 Israel Surety Market Size, 2019-2030
6.7.4 Saudi Arabia Surety Market Size, 2019-2030
6.7.5 UAE Surety Market Size, 2019-2030
7 Surety Companies Profiles
7.1 Crum & Forster
7.1.1 Crum & Forster Company Summary
7.1.2 Crum & Forster Business Overview
7.1.3 Crum & Forster Surety Major Product Offerings
7.1.4 Crum & Forster Surety Revenue in Global Market (2019-2024)
7.1.5 Crum & Forster Key News & Latest Developments
7.2 CNA Financial Corporation
7.2.1 CNA Financial Corporation Company Summary
7.2.2 CNA Financial Corporation Business Overview
7.2.3 CNA Financial Corporation Surety Major Product Offerings
7.2.4 CNA Financial Corporation Surety Revenue in Global Market (2019-2024)
7.2.5 CNA Financial Corporation Key News & Latest Developments
7.3 American Financial Group, Inc.
7.3.1 American Financial Group, Inc. Company Summary
7.3.2 American Financial Group, Inc. Business Overview
7.3.3 American Financial Group, Inc. Surety Major Product Offerings
7.3.4 American Financial Group, Inc. Surety Revenue in Global Market (2019-2024)
7.3.5 American Financial Group, Inc. Key News & Latest Developments
7.4 The Travelers Indemnity Company
7.4.1 The Travelers Indemnity Company Company Summary
7.4.2 The Travelers Indemnity Company Business Overview
7.4.3 The Travelers Indemnity Company Surety Major Product Offerings
7.4.4 The Travelers Indemnity Company Surety Revenue in Global Market (2019-2024)
7.4.5 The Travelers Indemnity Company Key News & Latest Developments
7.5 Liberty Mutual Insurance Company
7.5.1 Liberty Mutual Insurance Company Company Summary
7.5.2 Liberty Mutual Insurance Company Business Overview
7.5.3 Liberty Mutual Insurance Company Surety Major Product Offerings
7.5.4 Liberty Mutual Insurance Company Surety Revenue in Global Market (2019-2024)
7.5.5 Liberty Mutual Insurance Company Key News & Latest Developments
7.6 The Hartford
7.6.1 The Hartford Company Summary
7.6.2 The Hartford Business Overview
7.6.3 The Hartford Surety Major Product Offerings
7.6.4 The Hartford Surety Revenue in Global Market (2019-2024)
7.6.5 The Hartford Key News & Latest Developments
7.7 HCC Insurance Holdings Inc.
7.7.1 HCC Insurance Holdings Inc. Company Summary
7.7.2 HCC Insurance Holdings Inc. Business Overview
7.7.3 HCC Insurance Holdings Inc. Surety Major Product Offerings
7.7.4 HCC Insurance Holdings Inc. Surety Revenue in Global Market (2019-2024)
7.7.5 HCC Insurance Holdings Inc. Key News & Latest Developments
7.8 Chubb
7.8.1 Chubb Company Summary
7.8.2 Chubb Business Overview
7.8.3 Chubb Surety Major Product Offerings
7.8.4 Chubb Surety Revenue in Global Market (2019-2024)
7.8.5 Chubb Key News & Latest Developments
7.9 AmTrust Financial Services
7.9.1 AmTrust Financial Services Company Summary
7.9.2 AmTrust Financial Services Business Overview
7.9.3 AmTrust Financial Services Surety Major Product Offerings
7.9.4 AmTrust Financial Services Surety Revenue in Global Market (2019-2024)
7.9.5 AmTrust Financial Services Key News & Latest Developments
7.10 IFIC Security Group
7.10.1 IFIC Security Group Company Summary
7.10.2 IFIC Security Group Business Overview
7.10.3 IFIC Security Group Surety Major Product Offerings
7.10.4 IFIC Security Group Surety Revenue in Global Market (2019-2024)
7.10.5 IFIC Security Group Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Surety Market Opportunities & Trends in Global Market
Table 2. Surety Market Drivers in Global Market
Table 3. Surety Market Restraints in Global Market
Table 4. Key Players of Surety in Global Market
Table 5. Top Surety Players in Global Market, Ranking by Revenue (2023)
Table 6. Global Surety Revenue by Companies, (US$, Mn), 2019-2024
Table 7. Global Surety Revenue Share by Companies, 2019-2024
Table 8. Global Companies Surety Product Type
Table 9. List of Global Tier 1 Surety Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Surety Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 11. By Type ? Global Surety Revenue, (US$, Mn), 2023 & 2030
Table 12. By Type - Surety Revenue in Global (US$, Mn), 2019-2024
Table 13. By Type - Surety Revenue in Global (US$, Mn), 2025-2030
Table 14. By Application ? Global Surety Revenue, (US$, Mn), 2023 & 2030
Table 15. By Application - Surety Revenue in Global (US$, Mn), 2019-2024
Table 16. By Application - Surety Revenue in Global (US$, Mn), 2025-2030
Table 17. By Region ? Global Surety Revenue, (US$, Mn), 2023 & 2030
Table 18. By Region - Global Surety Revenue (US$, Mn), 2019-2024
Table 19. By Region - Global Surety Revenue (US$, Mn), 2025-2030
Table 20. By Country - North America Surety Revenue, (US$, Mn), 2019-2024
Table 21. By Country - North America Surety Revenue, (US$, Mn), 2025-2030
Table 22. By Country - Europe Surety Revenue, (US$, Mn), 2019-2024
Table 23. By Country - Europe Surety Revenue, (US$, Mn), 2025-2030
Table 24. By Region - Asia Surety Revenue, (US$, Mn), 2019-2024
Table 25. By Region - Asia Surety Revenue, (US$, Mn), 2025-2030
Table 26. By Country - South America Surety Revenue, (US$, Mn), 2019-2024
Table 27. By Country - South America Surety Revenue, (US$, Mn), 2025-2030
Table 28. By Country - Middle East & Africa Surety Revenue, (US$, Mn), 2019-2024
Table 29. By Country - Middle East & Africa Surety Revenue, (US$, Mn), 2025-2030
Table 30. Crum & Forster Company Summary
Table 31. Crum & Forster Surety Product Offerings
Table 32. Crum & Forster Surety Revenue (US$, Mn) & (2019-2024)
Table 33. Crum & Forster Key News & Latest Developments
Table 34. CNA Financial Corporation Company Summary
Table 35. CNA Financial Corporation Surety Product Offerings
Table 36. CNA Financial Corporation Surety Revenue (US$, Mn) & (2019-2024)
Table 37. CNA Financial Corporation Key News & Latest Developments
Table 38. American Financial Group, Inc. Company Summary
Table 39. American Financial Group, Inc. Surety Product Offerings
Table 40. American Financial Group, Inc. Surety Revenue (US$, Mn) & (2019-2024)
Table 41. American Financial Group, Inc. Key News & Latest Developments
Table 42. The Travelers Indemnity Company Company Summary
Table 43. The Travelers Indemnity Company Surety Product Offerings
Table 44. The Travelers Indemnity Company Surety Revenue (US$, Mn) & (2019-2024)
Table 45. The Travelers Indemnity Company Key News & Latest Developments
Table 46. Liberty Mutual Insurance Company Company Summary
Table 47. Liberty Mutual Insurance Company Surety Product Offerings
Table 48. Liberty Mutual Insurance Company Surety Revenue (US$, Mn) & (2019-2024)
Table 49. Liberty Mutual Insurance Company Key News & Latest Developments
Table 50. The Hartford Company Summary
Table 51. The Hartford Surety Product Offerings
Table 52. The Hartford Surety Revenue (US$, Mn) & (2019-2024)
Table 53. The Hartford Key News & Latest Developments
Table 54. HCC Insurance Holdings Inc. Company Summary
Table 55. HCC Insurance Holdings Inc. Surety Product Offerings
Table 56. HCC Insurance Holdings Inc. Surety Revenue (US$, Mn) & (2019-2024)
Table 57. HCC Insurance Holdings Inc. Key News & Latest Developments
Table 58. Chubb Company Summary
Table 59. Chubb Surety Product Offerings
Table 60. Chubb Surety Revenue (US$, Mn) & (2019-2024)
Table 61. Chubb Key News & Latest Developments
Table 62. AmTrust Financial Services Company Summary
Table 63. AmTrust Financial Services Surety Product Offerings
Table 64. AmTrust Financial Services Surety Revenue (US$, Mn) & (2019-2024)
Table 65. AmTrust Financial Services Key News & Latest Developments
Table 66. IFIC Security Group Company Summary
Table 67. IFIC Security Group Surety Product Offerings
Table 68. IFIC Security Group Surety Revenue (US$, Mn) & (2019-2024)
Table 69. IFIC Security Group Key News & Latest Developments
List of Figures
Figure 1. Surety Segment by Type in 2023
Figure 2. Surety Segment by Application in 2023
Figure 3. Global Surety Market Overview: 2023
Figure 4. Key Caveats
Figure 5. Global Surety Market Size: 2023 VS 2030 (US$, Mn)
Figure 6. Global Surety Revenue, 2019-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Surety Revenue in 2023
Figure 8. By Type - Global Surety Revenue Market Share, 2019-2030
Figure 9. By Application - Global Surety Revenue Market Share, 2019-2030
Figure 10. By Type - Global Surety Revenue, (US$, Mn), 2023 & 2030
Figure 11. By Type - Global Surety Revenue Market Share, 2019-2030
Figure 12. By Application - Global Surety Revenue, (US$, Mn), 2023 & 2030
Figure 13. By Application - Global Surety Revenue Market Share, 2019-2030
Figure 14. By Region - Global Surety Revenue Market Share, 2019-2030
Figure 15. By Country - North America Surety Revenue Market Share, 2019-2030
Figure 16. US Surety Revenue, (US$, Mn), 2019-2030
Figure 17. Canada Surety Revenue, (US$, Mn), 2019-2030
Figure 18. Mexico Surety Revenue, (US$, Mn), 2019-2030
Figure 19. By Country - Europe Surety Revenue Market Share, 2019-2030
Figure 20. Germany Surety Revenue, (US$, Mn), 2019-2030
Figure 21. France Surety Revenue, (US$, Mn), 2019-2030
Figure 22. U.K. Surety Revenue, (US$, Mn), 2019-2030
Figure 23. Italy Surety Revenue, (US$, Mn), 2019-2030
Figure 24. Russia Surety Revenue, (US$, Mn), 2019-2030
Figure 25. Nordic Countries Surety Revenue, (US$, Mn), 2019-2030
Figure 26. Benelux Surety Revenue, (US$, Mn), 2019-2030
Figure 27. By Region - Asia Surety Revenue Market Share, 2019-2030
Figure 28. China Surety Revenue, (US$, Mn), 2019-2030
Figure 29. Japan Surety Revenue, (US$, Mn), 2019-2030
Figure 30. South Korea Surety Revenue, (US$, Mn), 2019-2030
Figure 31. Southeast Asia Surety Revenue, (US$, Mn), 2019-2030
Figure 32. India Surety Revenue, (US$, Mn), 2019-2030
Figure 33. By Country - South America Surety Revenue Market Share, 2019-2030
Figure 34. Brazil Surety Revenue, (US$, Mn), 2019-2030
Figure 35. Argentina Surety Revenue, (US$, Mn), 2019-2030
Figure 36. By Country - Middle East & Africa Surety Revenue Market Share, 2019-2030
Figure 37. Turkey Surety Revenue, (US$, Mn), 2019-2030
Figure 38. Israel Surety Revenue, (US$, Mn), 2019-2030
Figure 39. Saudi Arabia Surety Revenue, (US$, Mn), 2019-2030
Figure 40. UAE Surety Revenue, (US$, Mn), 2019-2030
Figure 41. Crum & Forster Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 42. CNA Financial Corporation Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 43. American Financial Group, Inc. Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 44. The Travelers Indemnity Company Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 45. Liberty Mutual Insurance Company Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 46. The Hartford Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 47. HCC Insurance Holdings Inc. Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 48. Chubb Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 49. AmTrust Financial Services Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 50. IFIC Security Group Surety Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
