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Global Boiler Insurance Market (2022-2027) by Type, Fuel, Coverage Type, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 174 Pages
  • March 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5566967
The Global Boiler Insurance Market is estimated to be USD 11.34 Bn in 2022 and is expected to reach USD 23.16 Bn by 2027, growing at a CAGR of 15.35%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Boiler Insurance Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

The Global Boiler Insurance Market is segmented based on Type, Fuel, Coverage Type, End-User, and Geography.
  • By Type, the market is classified into Fire-tube and Water-tube.
  • By Fuel, the market is classified into Natural Gas, Coal, and Oil.
  • By Coverage Type, the market is classified into Boiler Cover, Boiler & Central Heating, Boiler, Central Heating, and Plumbing & Wiring Cover.
  • By End-User, the market is classified into Chemicals, Refineries, Metal and Mining, Food and Beverage, and Others.
  • By Geography, the market is classified into - Americas, - Europe, - Middle-East & Africa, and Asia-Pacific.

Report Highlights:

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Aviva plc, Tata AIG General Insurance Company Ltd., Starr Boiler Machinery & Engineering, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of - Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of - Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA.
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Boiler Insurance Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses Global Boiler Insurance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Boiler Insurance Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Boiler Insurance Market

What is the estimated value of the Global Boiler Insurance Market?

The Global Boiler Insurance Market was estimated to be valued at $11.34 Billion in 2022.

What is the growth rate of the Global Boiler Insurance Market?

The growth rate of the Global Boiler Insurance Market is 15.3%, with an estimated value of $23.16 Billion by 2027.

What is the forecasted size of the Global Boiler Insurance Market?

The Global Boiler Insurance Market is estimated to be worth $23.16 Billion by 2027.

Who are the key companies in the Global Boiler Insurance Market?

Key companies in the Global Boiler Insurance Market include Aviva plc, Axa S.A, Centrica plc (British Gas), Domestic & General Services Limited., Electricite de France S.A., Future Generali Insurance Co. Ltd, HomeServe Membership Ltd., OVO Insurance Services Ltd and Tata AIG General Insurance Company Ltd..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Demand for Boiler Insurance Among The Industrial and Commercial Sector
4.1.2 High Cost of Boilers and Boiler Repair & Services
4.1.3 Specialized Services Offered
4.2 Restraints
4.2.1 Extended Warranty's of Boilers
4.3 Opportunities
4.3.1 Rise in Demand for Third-Party Liability Coverage in Emerging Economies
4.3.2 The Surge in Small & Medium Boiler Insurance Providers
4.4 Challenges
4.4.1 Lower Awareness about Boiler Insurance in Underdeveloped Countries
4.4.2 Unfavorable Insurance Policy
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Boiler Insurance Market, By Type
6.1 Introduction
6.2 Fire-Tube
6.3 Water-Tube
7 Global Boiler Insurance Market, By Fuel
7.1 Introduction
7.2 Natural gas
7.3 Coal
7.4 Oil
8 Global Boiler Insurance Market, By Coverage Type
8.1 Introduction
8.2 Boiler Cover
8.3 Boiler & Central Heating
8.4 Boiler, Central Heating, Plumbing & Wiring Cover
9 Global Boiler Insurance Market, By End-User
9.1 Introduction
9.2 Chemicals
9.3 Refineries
9.4 Metal and Mining
9.5 Food and Beverage
9.6 Others
10 Americas’ Boiler Insurance Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe’s Boiler Insurance Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 The Middle East and Africa’s Boiler Insurance Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC’s Boiler Insurance Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 Aviva plc
15.2 Axa S.A
15.3 Centrica plc (British Gas)
15.4 Domestic & General Services Limited.
15.5 Electricite de France S.A.
15.6 Future Generali Insurance Co. Ltd
15.7 HomeServe Membership Ltd.
15.8 OVO Insurance Services Ltd
15.9 Robert Bosch GmbH (Bosch Thermotechnology Ltd.)
15.10 Tata AIG General Insurance Company Ltd.
15.11 FM Global
15.12 HELIOS Group S.R.L(Intergas)
15.13 YouCare Services Ltd.
15.14 Hometree Insurance Boiler
15.15 24 - 7 Home Rescue Boiler
15.16 YourRepair
15.17 Prominence Support
15.18 Aviva
15.19 Corgi
15.20 Money
15.21 USwitch
15.22 Insurance Pandit
15.23 Hartford Steam Boiler
15.24 OneCis Insurance Co.
15.25 Cincinnati Insurance Companies
15.26 Sompo International Insurance
15.27 Starr Boiler Machinery & Engineering
16 Appendix
16.1 Questionnaire

Companies Mentioned

  • Aviva plc
  • Axa S.A
  • Centrica plc (British Gas)
  • Domestic & General Services Limited.
  • Electricite de France S.A.
  • Future Generali Insurance Co. Ltd
  • HomeServe Membership Ltd.
  • OVO Insurance Services Ltd
  • Robert Bosch GmbH (Bosch Thermotechnology Ltd.)
  • Tata AIG General Insurance Company Ltd.
  • FM Global
  • HELIOS Group S.R.L(Intergas)
  • YouCare Services Ltd.
  • Hometree Insurance Boiler
  • 24|7 Home Rescue Boiler
  • YourRepair
  • Prominence Support
  • Aviva
  • Corgi
  • Money
  • USwitch
  • Insurance Pandit
  • Hartford Steam Boiler
  • OneCis Insurance Co.
  • Cincinnati Insurance Companies
  • Sompo International Insurance
  • Starr Boiler Machinery & Engineering