India Trade Credit Insurance Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 6.80% (2025-2033)
The India trade credit insurance market is experiencing significant growth, driven by increasing awareness among businesses about risk management and the rising need to safeguard receivables in a dynamic trading environment. According to the latest report by IMARC Group, The India trade credit insurance market size reached USD 447.80 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 806.11 Million by 2033, exhibiting a growth rate (CAGR) of 6.80% during 2025-2033.
India Trade Credit Insurance Industry Trends and Drivers:
The trade credit insurance market in India has grown rapidly, as companies are realizing that putting in place a step to protect their receivables from the risk of default as they now see is an important risk management decision. With the increase in domestic and international trade, many companies are looking for a risk management strategy from non-payment, or delayed payment, due to the buyer becoming insolvent, and are using the trade credit insurance product for this. This is especially relevant for companies that deal in manufacturing, textiles, and/or exports, where longer payment terms are used. Enabling this trend is the rise in awareness and understanding of financial risk management and additional initiatives and/or mandates from the government to stimulate trade and increase this awareness. Further, services that improve access to insurance information and insurance policies in general, have become digitized with technology which allows insurers to improve their underwriting and claims processing with technology to improve the experience for individuals using trade credit insurance buying process, enjoy a digital presence in the marketplace.
Emerging trends in the marketplace are designed to create customized insurance products for small and medium enterprises (SMEs), which are a significant contributor to the Indian economy. Traditionally, insurance products have typically been comparative on an industry basis or sectoral basis, while insurers are now seeking out flexible types of offers, as SMEs have uniquely different business requirements and risk exposures. Insurers see flexible types of offerings as a valuable opportunity and trust-building elements with customers; and especially to promote and raise the awareness and support the choice of relatively new products like trade credit insurance. The rise of e-commerce and new cross-border trade have contributed to product development that address increasing risks throughout the global supply chain. The use of credit insurance to supplement and cover typically business expenses is visible, by partnering with fintech platforms where the acquisition of policies is made easier and less expensive, allowing the insurance to get embedded in business and work into operational activities more seamlessly. India has potential for the trade credit insurance market to grow in many ways over time, as overall trade volumes grow and risk management is performed by increasingly more businesses, due to stronger emphasis on secure financial management.
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India Trade Credit Insurance Industry Segmentation:
The report has segmented the market into the following categories:
Component Insights:
- Product
- Services
Coverage Insights:
- Whole Turnover Coverage
- Single Buyer Coverage
Enterprise Size Insights:
- Large Enterprises
- Medium Enterprises
- Small Enterprises
Application Insights:
- Domestic
- International
Vertical Insights:
- Food and Beverages
- IT and Telecom
- Metals and Mining
- Healthcare
- Energy and Utilities
- Automotive
- Others
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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