Edison, NJ -- (SBWIRE) -- 12/28/2020 -- Engineering Insurance Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Engineering Insurance industry with an attention on the Global market. The report gives key insights available status of the Engineering Insurance producers and is an important wellspring of direction and course for organizations and people keen on the business. By and large, the report gives an inside and out understanding of 2020-2025 worldwide Engineering Insurance Market covering extremely significant parameters.
Key Players in This Report Include,
Allianz (Germany), AXA (France), Nippon Life Insurance (Japan), American Intl. Group (United States), Aviva plc (United Kingdom), Assicurazioni Generali (Italy), Cardinal Health (United States), State Farm Insurance (United States), Dai-ichi Mutual Life Insurance (Japan), Munich Re Group (Germany), Zurich Financial Services (Switzerland), Prudential Financial (United States), Asahi Mutual Life Insurance (Japan), Sumitomo Life Insurance (Japan), MetLife (United States), Allstate (United States), Aegon (India), New York Life Insurance (United States), Meiji Life Insurance (Japan), Aetna (United States), CNP Assurances (France) and PingAn (China)
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Brief Summary of Engineering Insurance:
Engineering insurance is meant to safeguard against unpredictable losses that may occurred during the construction activities of buildings and infrastructure as well as during plant's operation. Though, it represents only 3-4 % of total commercial insurance market but it has annual premiums of over USD 20 billion, and helps businesses in undertaking large construction projects which may be precarious otherwise. Currently, global engineering insurance market is witnessing surge owing to developments in commercial premium rates. United States witnessed rise in cost of insurance on construction related risk of late, and other countries including emerging ones are expected to witness the similar result during forecast duration, which in turn offer lucrative opportunity for engineering insurance providers to cash on.
Market Drivers
- Increasing Need to Absorb Unforeseen Losses During Construction and Operation of Plants
- Growing Construction and Operational Activities in Asia Pacific and Middle East Supported by China's Belt & Road Initiative
- Increasing Risk Exposures in Engineering Projects
Market Trend
- Growing Demand for Tailor-made Engineering Insurance
- Increasing Share by Project Related Policies in Engineering Insurance Market
- Utilization of Non-damaged Parametric Products to Cover New Risks in Engineering Insurance
Restraints
- Economic Slowdown in Emerging Countries
- Increasing Protectionism Leading to Trade War Thus, Curbing Investment Spending and Insurance Demand
The Global Engineering Insurance Market segments and Market Data Break Down are illuminated below:
by Type (Project Insurance (Erection All Risks Insurance, Contractors All Risks Insurance, Contractor's Plant and Machinery Insurance), Operational Machineries Insurance (Machinery Breakdown Insurance, Boiler And Pressure Plant Insurance, Electronic Equipment Insurance, Civil Engineering Completed Risks Insurance and Deterioration Of Stocks Insurance), Business Interruption Insurance), Application (Production and Processing Enterprises, Oil and Gas, Power and Utilities, Heavy Industries, Transportation Systems, Heavy Civil Engineering Projects, Others)
This research report represents a 360-degree overview of the competitive landscape of the Global Engineering Insurance Market. Furthermore, it offers massive data relating to recent trends, technological, advancements, tools, and methodologies. The research report analyzes the Global Engineering Insurance Market in a detailed and concise manner for better insights into the businesses.
Regions Covered in the Engineering Insurance Market:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Global Engineering Insurance Market.
The detailed elaboration of the Global Engineering Insurance Market has been provided by applying industry analysis techniques such as SWOT and Porter's five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.
Attractions of the Engineering Insurance Market Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and start-up's details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
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Key Points Covered in the Table of Content:
Chapter 1 to explain Introduction, market review, market risk and opportunities, market driving force, product scope of Engineering Insurance Market;
Chapter 2 to inspect the leading manufacturers (Cost Structure, Raw Material) with sales Analysis, revenue Analysis, and price Analysis of Engineering Insurance Market;
Chapter 3 to show the focused circumstance among the best producers, with deals, income, and Engineering Insurance market share 2020;
Chapter 4 to display the regional analysis of Global Engineering Insurance Market with revenue and sales of an industry, from 2020 to 2022;
Chapter 5, 6, 7 to analyze the key countries (United States, China, Europe, Japan, Korea & Taiwan), with sales, revenue and market share in key regions;
Chapter 8 and 9 to exhibit International and Regional Marketing Type Analysis, Supply Chain Analysis, Trade Type Analysis;
Chapter 10 and 11 to analyze the market by product type and application/end users (industry sales, share, and growth rate) from 2020 to 2026
Chapter 12 to show Engineering Insurance Market forecast by regions, forecast by type and forecast by application with revenue and sales, from 2020 to 2025;
Chapter 13, 14 & 15 to specify Research Findings and Conclusion, Appendix, methodology and data source of Engineering Insurance market buyers, merchants, dealers, sales channel.
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Engineering Insurance Market research provides answers to the following key questions:
? What is the expected growth rate of the Engineering Insurance Market?
? What will be the Engineering Insurance Market size for the forecast period, 2020 – 2026?
? What are the main driving forces responsible for changing the Engineering Insurance Market trajectory?
? Who are the big suppliers that dominate the Engineering Insurance Market across different regions? Which are their wins to stay ahead in the competition?
? What are the Engineering Insurance Market trends business owners can rely upon in the coming years?
? What are the threats and challenges expected to restrict the progress of the Engineering Insurance Market across different countries?
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