North America Travel Insurance Market 2020-2030
North America travel insurance market is expected to grow by 7.4% annually in the forecast period and reach the market size of USD 13.93 billion by 2030.
- Bonafide Trust
- 20-09-2021
- Pages : 97
- Figures : 48
- Tables : 22
- Region : North America
- Category : Consumer Goods & Services
- Services
North America travel insurance market is expected to grow by 7.4% annually in the forecast period and reach $13.93 billion by 2030 driven by the rising disposable income, increasing business travels and availability of online travel booking platforms and mobile devices, as well as the rising property loss and flight cancelations amid COVID-19 pandemic. Highlighted with 22 tables and 48 figures, this 97-page report “North America Travel Insurance Market 2020-2030 by Travel Type, Application, Coverage, End User, Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America travel insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.)
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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleIn-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America travel insurance market in every aspect of the classification from perspectives of Travel Type, Application, Coverage, End User, Distribution Channel, and Country. Based on Travel Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Single-trip Travel Insurance • Annual Multi-trip Travel Insurance • Long-stay Travel Insurance
Based on Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Domestic Travel • International Travel Based on Coverage, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Medical Insurance • Trip Cancellation & Delay Insurance • Property Loss & Damage Insurance • Other Coverages Based on End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Family Travelers • Senior Citizens • Business Travelers • Education Travelers • Backpackers • Other End Users
Based on Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section. • Insurance Intermediaries • Insurance Companies • Banks • Insurance Brokers • Insurance Aggregators • Other Distribution Channels Geographically, the following national/local markets are fully investigated: • U.S. • Canada • Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Travel Type, Coverage, and End User over the forecast years is also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Key Players (this may not be a complete list and extra companies can be added upon request): Allianz Group American Express Company American International Group Inc. Assicurazioni Generali S.P.A. AXA SA Berkshire Hathaway Specialty Insurance Company Insure & Go Insurance Services Limited Seven Corners Inc. Travel Insured International TravelSafe Insurance USI Insurance Services Zurich Insurance Co. Limited (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents
- 1 Introduction 7
- 1.1 Industry Definition and Research Scope 7
- 1.1.1 Industry Definition 7
- 1.1.2 Research Scope 8
- 1.2 Research Methodology 11
- 1.2.1 Overview of Market Research Methodology 11
- 1.2.2 Market Assumption 12
- 1.2.3 Secondary Data 12
- 1.2.4 Primary Data 12
- 1.2.5 Data Filtration and Model Design 13
- 1.2.6 Market Size/Share Estimation 14
- 1.2.7 Research Limitations 15
- 1.3 Executive Summary 16
- 2 Market Overview and Dynamics 19
- 2.1 Market Size and Forecast 19
- 2.1.1 Impact of COVID-19 on World Economy 20
- 2.1.2 Impact of COVID-19 on the Market 22
- 2.2 Major Growth Drivers 24
- 2.3 Market Restraints and Challenges 28
- 2.4 Emerging Opportunities and Market Trends 31
- 2.5 Porter’s Fiver Forces Analysis 35
- 3 Segmentation of North America Market by Travel Type 39
- 3.1 Market Overview by Travel Type 39
- 3.2 Single-trip Travel Insurance 41
- 3.3 Annual Multi-trip Travel Insurance 42
- 3.4 Long-stay Travel Insurance 43
- 4 Segmentation of North America Market by Application 44
- 4.1 Market Overview by Application 44
- 4.2 Domestic Travel 46
- 4.3 International Travel 47
- 5 Segmentation of North America Market by Coverage 48
- 5.1 Market Overview by Coverage 48
- 5.2 Medical Insurance 50
- 5.3 Trip Cancellation & Delay Insurance 51
- 5.4 Property Loss & Damage Insurance 52
- 5.5 Other Coverages 53
- 6 Segmentation of North America Market by End User 54
- 6.1 Market Overview by End User 54
- 6.2 Family Travelers 56
- 6.3 Senior Citizens 57
- 6.4 Business Travelers 58
- 6.5 Education Travelers 59
- 6.6 Backpackers 60
- 6.7 Other End Users 61
- 7 Segmentation of North America Market by Distribution Channel 62
- 7.1 Market Overview by Distribution Channel 62
- 7.2 Insurance Intermediaries 64
- 7.3 Insurance Companies 65
- 7.4 Banks 66
- 7.5 Insurance Brokers 67
- 7.6 Insurance Aggregators 68
- 7.7 Other Distribution Channels 69
- 8 North America Market 2019-2030 by Country 70
- 8.1 Overview of North America Market 70
- 8.2 U.S. 73
- 8.3 Canada 76
- 8.4 Mexico 78
- 9 Competitive Landscape 80
- 9.1 Overview of Key Vendors 80
- 9.2 New Product Launch, Partnership, Investment, and M&A 83
- 9.3 Company Profiles 84
- Allianz Group 84
- American Express Company 86
- American International Group Inc. 87
- Assicurazioni Generali S.P.A. 88
- AXA SA 89
- Berkshire Hathaway Specialty Insurance Company 90
- Insure & Go Insurance Services Limited 91
- Seven Corners Inc. 92
- Travel Insured International 93
- TravelSafe Insurance 94
- USI Insurance Services 95
- Zurich Insurance Co. Limited 96
- RELATED REPORTS 97
Table 1. Snapshot of North America Travel Insurance Market in Balanced Perspective, 2019-2030 17
Table 2. Growth Rate of World GDP, 2020-2022 21
Table 3. Main Product Trends and Market Opportunities in North America Travel Insurance Market 31
Table 4. North America Travel Insurance Market by Travel Type, 2019-2030, $ mn 39
Table 5. North America Travel Insurance Market by Application, 2019-2030, $ mn 44
Table 6. North America Travel Insurance Market by Coverage, 2019-2030, $ mn 48
Table 7. North America Travel Insurance Market by End User, 2019-2030, $ mn 54
Table 8. North America Travel Insurance Market by Distribution Channel, 2019-2030, $ mn 62
Table 9. North America Travel Insurance Market by Country, 2019-2030, $ mn 71
Table 10. U.S. Travel Insurance Market by Travel Type, 2019-2030, $ mn 75
Table 11. U.S. Travel Insurance Market by Coverage, 2019-2030, $ mn 75
Table 12. U.S. Travel Insurance Market by End User, 2019-2030, $ mn 75
Table 13. Canada Travel Insurance Market by Travel Type, 2019-2030, $ mn 77
Table 14. Canada Travel Insurance Market by Coverage, 2019-2030, $ mn 77
Table 15. Canada Travel Insurance Market by End User, 2019-2030, $ mn 77
Table 16. Mexico Travel Insurance Market by Travel Type, 2019-2030, $ mn 79
Table 17. Mexico Travel Insurance Market by Coverage, 2019-2030, $ mn 79
Table 18. Mexico Travel Insurance Market by End User, 2019-2030, $ mn 79
Table 19. Allianz Group: Company Snapshot 84
Table 20. Allianz Group: Business Segmentation 84
Table 21. Allianz Group: Product Portfolio 85
Table 22. Allianz Group: Revenue, 2018-2020, $ mn 85
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 4. North America Travel Insurance Market, 2019-2030, $ mn 19
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of North America Travel Insurance Market 24
Figure 7. GDP per capita in the World, 1960-2018, $ thousand 27
Figure 8. Forecast of World Middle-class Population by Region, 2015-2030, million 27
Figure 9. Primary Restraints and Impact Factors of North America Travel Insurance Market 28
Figure 10. Investment Opportunity Analysis 32
Figure 11. Porter’s Fiver Forces Analysis of North America Travel Insurance Market 35
Figure 12. Breakdown of North America Travel Insurance Market by Travel Type, 2019-2030, % of Revenue 40
Figure 13. North America Addressable Market Cap in 2021-2030 by Travel Type, Value ($ mn) and Share (%) 40
Figure 14. North America Travel Insurance Market: Single-trip Travel Insurance, 2019-2030, $ mn 41
Figure 15. North America Travel Insurance Market: Annual Multi-trip Travel Insurance, 2019-2030, $ mn 42
Figure 16. North America Travel Insurance Market: Long-stay Travel Insurance, 2019-2030, $ mn 43
Figure 17. Breakdown of North America Travel Insurance Market by Application, 2019-2030, % of Sales Revenue 45
Figure 18. North America Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 45
Figure 19. North America Travel Insurance Market: Domestic Travel, 2019-2030, $ mn 46
Figure 20. North America Travel Insurance Market: International Travel, 2019-2030, $ mn 47
Figure 21. Breakdown of North America Travel Insurance Market by Coverage, 2019-2030, % of Sales Revenue 49
Figure 22. North America Addressable Market Cap in 2021-2030 by Coverage, Value ($ mn) and Share (%) 49
Figure 23. North America Travel Insurance Market: Medical Insurance, 2019-2030, $ mn 50
Figure 24. North America Travel Insurance Market: Trip Cancellation & Delay Insurance, 2019-2030, $ mn 51
Figure 25. North America Travel Insurance Market: Property Loss & Damage Insurance, 2019-2030, $ mn 52
Figure 26. North America Travel Insurance Market: Other Coverages, 2019-2030, $ mn 53
Figure 27. Breakdown of North America Travel Insurance Market by End User, 2019-2030, % of Revenue 55
Figure 28. North America Addressable Market Cap in 2021-2030 by End User, Value ($ mn) and Share (%) 55
Figure 29. North America Travel Insurance Market: Family Travelers, 2019-2030, $ mn 56
Figure 30. North America Travel Insurance Market: Senior Citizens, 2019-2030, $ mn 57
Figure 31. North America Travel Insurance Market: Business Travelers, 2019-2030, $ mn 58
Figure 32. North America Travel Insurance Market: Education Travelers, 2019-2030, $ mn 59
Figure 33. North America Travel Insurance Market: Backpackers, 2019-2030, $ mn 60
Figure 34. North America Travel Insurance Market: Other End Users, 2019-2030, $ mn 61
Figure 35. Breakdown of North America Travel Insurance Market by Distribution Channel, 2019-2030, % of Revenue 63
Figure 36. North America Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%) 63
Figure 37. North America Travel Insurance Market: Insurance Intermediaries, 2019-2030, $ mn 64
Figure 38. North America Travel Insurance Market: Insurance Companies, 2019-2030, $ mn 65
Figure 39. North America Travel Insurance Market: Banks, 2019-2030, $ mn 66
Figure 40. North America Travel Insurance Market: Insurance Brokers, 2019-2030, $ mn 67
Figure 41. North America Travel Insurance Market: Insurance Aggregators, 2019-2030, $ mn 68
Figure 42. North America Travel Insurance Market: Other Distribution Channels, 2019-2030, $ mn 69
Figure 43. Breakdown of North America Travel Insurance Market by Country, 2019 and 2030, % of Revenue 71
Figure 44. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 72
Figure 45. U.S. Travel Insurance Market, 2019-2030, $ mn 74
Figure 46. Canada Travel Insurance Market, 2019-2030, $ mn 76
Figure 47. Travel Insurance Market in Mexico, 2015-2030F, $ mn 78
Figure 48. Growth Stage of North America Travel Insurance Industry over the Forecast Period 80
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