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Trip Cancellation Insurance-Global Market Insights and Sales Trends 2025
Synopsis
The global Trip Cancellation Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Trip Cancellation Insurance in various end use industries. The expanding demands from the Family Traveler, Senior Citizens, Business Traveler and Others, are propelling Trip Cancellation Insurance market. Injury or Unforeseen Medical Condition, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Death segment is estimated at % CAGR for the next seven-year period.
In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Trip Cancellation Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Trip Cancellation Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Trip Cancellation Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Trip Cancellation Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Trip Cancellation Insurance covered in this report include Allianz, Munich Re Group, AIG, Assicurazioni Generali, Prudential, ACE&Chubb, Manulife, UnitedHealthcare Global and Mapfre, etc.
The global Trip Cancellation Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Allianz
Munich Re Group
AIG
Assicurazioni Generali
Prudential
ACE&Chubb
Manulife
UnitedHealthcare Global
Mapfre
China Pacific insurance
Hanse Merkur
Ping An Insurance (Group) Company of China
People's insurance company of China
China Life
Sompo Japan Nipponkoa
Global Trip Cancellation Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Trip Cancellation Insurance market, Segment by Type:
Injury or Unforeseen Medical Condition
Death
Strikes or Severe Weather
Unforeseen Natural Disasters
Legal Obligation
Global Trip Cancellation Insurance market, by Application
Family Traveler
Senior Citizens
Business Traveler
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Trip Cancellation Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global Trip Cancellation Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Trip Cancellation Insurance in various end use industries. The expanding demands from the Family Traveler, Senior Citizens, Business Traveler and Others, are propelling Trip Cancellation Insurance market. Injury or Unforeseen Medical Condition, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Death segment is estimated at % CAGR for the next seven-year period.
In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Trip Cancellation Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Trip Cancellation Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Trip Cancellation Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Trip Cancellation Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Trip Cancellation Insurance covered in this report include Allianz, Munich Re Group, AIG, Assicurazioni Generali, Prudential, ACE&Chubb, Manulife, UnitedHealthcare Global and Mapfre, etc.
The global Trip Cancellation Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Allianz
Munich Re Group
AIG
Assicurazioni Generali
Prudential
ACE&Chubb
Manulife
UnitedHealthcare Global
Mapfre
China Pacific insurance
Hanse Merkur
Ping An Insurance (Group) Company of China
People's insurance company of China
China Life
Sompo Japan Nipponkoa
Global Trip Cancellation Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Trip Cancellation Insurance market, Segment by Type:
Injury or Unforeseen Medical Condition
Death
Strikes or Severe Weather
Unforeseen Natural Disasters
Legal Obligation
Global Trip Cancellation Insurance market, by Application
Family Traveler
Senior Citizens
Business Traveler
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Trip Cancellation Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Trip Cancellation Insurance
1.1 Trip Cancellation Insurance Market Overview
1.1.1 Trip Cancellation Insurance Product Scope
1.1.2 Trip Cancellation Insurance Market Status and Outlook
1.2 Global Trip Cancellation Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Trip Cancellation Insurance Market Size by Region (2018-2029)
1.4 Global Trip Cancellation Insurance Historic Market Size by Region (2018-2023)
1.5 Global Trip Cancellation Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Trip Cancellation Insurance Market Size (2018-2029)
1.6.1 North America Trip Cancellation Insurance Market Size (2018-2029)
1.6.2 Europe Trip Cancellation Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Trip Cancellation Insurance Market Size (2018-2029)
1.6.4 Latin America Trip Cancellation Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Trip Cancellation Insurance Market Size (2018-2029)
2 Trip Cancellation Insurance Market by Type
2.1 Introduction
2.1.1 Injury or Unforeseen Medical Condition
2.1.2 Death
2.1.3 Strikes or Severe Weather
2.1.4 Unforeseen Natural Disasters
2.1.5 Legal Obligation
2.2 Global Trip Cancellation Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Trip Cancellation Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Trip Cancellation Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Trip Cancellation Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Trip Cancellation Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Trip Cancellation Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Trip Cancellation Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Trip Cancellation Insurance Revenue Breakdown by Type (2018-2029)
3 Trip Cancellation Insurance Market Overview by Application
3.1 Introduction
3.1.1 Family Traveler
3.1.2 Senior Citizens
3.1.3 Business Traveler
3.1.4 Others
3.2 Global Trip Cancellation Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Trip Cancellation Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Trip Cancellation Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Trip Cancellation Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Trip Cancellation Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Trip Cancellation Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Trip Cancellation Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Trip Cancellation Insurance Revenue Breakdown by Application (2018-2029)
4 Trip Cancellation Insurance Competition Analysis by Players
4.1 Global Trip Cancellation Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Trip Cancellation Insurance as of 2022)
4.3 Date of Key Players Enter into Trip Cancellation Insurance Market
4.4 Global Top Players Trip Cancellation Insurance Headquarters and Area Served
4.5 Key Players Trip Cancellation Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Trip Cancellation Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Allianz
5.1.1 Allianz Profile
5.1.2 Allianz Main Business
5.1.3 Allianz Trip Cancellation Insurance Products, Services and Solutions
5.1.4 Allianz Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Allianz Recent Developments
5.2 Munich Re Group
5.2.1 Munich Re Group Profile
5.2.2 Munich Re Group Main Business
5.2.3 Munich Re Group Trip Cancellation Insurance Products, Services and Solutions
5.2.4 Munich Re Group Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Munich Re Group Recent Developments
5.3 AIG
5.3.1 AIG Profile
5.3.2 AIG Main Business
5.3.3 AIG Trip Cancellation Insurance Products, Services and Solutions
5.3.4 AIG Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Assicurazioni Generali Recent Developments
5.4 Assicurazioni Generali
5.4.1 Assicurazioni Generali Profile
5.4.2 Assicurazioni Generali Main Business
5.4.3 Assicurazioni Generali Trip Cancellation Insurance Products, Services and Solutions
5.4.4 Assicurazioni Generali Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Assicurazioni Generali Recent Developments
5.5 Prudential
5.5.1 Prudential Profile
5.5.2 Prudential Main Business
5.5.3 Prudential Trip Cancellation Insurance Products, Services and Solutions
5.5.4 Prudential Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 Prudential Recent Developments
5.6 ACE&Chubb
5.6.1 ACE&Chubb Profile
5.6.2 ACE&Chubb Main Business
5.6.3 ACE&Chubb Trip Cancellation Insurance Products, Services and Solutions
5.6.4 ACE&Chubb Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 ACE&Chubb Recent Developments
5.7 Manulife
5.7.1 Manulife Profile
5.7.2 Manulife Main Business
5.7.3 Manulife Trip Cancellation Insurance Products, Services and Solutions
5.7.4 Manulife Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Manulife Recent Developments
5.8 UnitedHealthcare Global
5.8.1 UnitedHealthcare Global Profile
5.8.2 UnitedHealthcare Global Main Business
5.8.3 UnitedHealthcare Global Trip Cancellation Insurance Products, Services and Solutions
5.8.4 UnitedHealthcare Global Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 UnitedHealthcare Global Recent Developments
5.9 Mapfre
5.9.1 Mapfre Profile
5.9.2 Mapfre Main Business
5.9.3 Mapfre Trip Cancellation Insurance Products, Services and Solutions
5.9.4 Mapfre Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Mapfre Recent Developments
5.10 China Pacific insurance
5.10.1 China Pacific insurance Profile
5.10.2 China Pacific insurance Main Business
5.10.3 China Pacific insurance Trip Cancellation Insurance Products, Services and Solutions
5.10.4 China Pacific insurance Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 China Pacific insurance Recent Developments
5.11 Hanse Merkur
5.11.1 Hanse Merkur Profile
5.11.2 Hanse Merkur Main Business
5.11.3 Hanse Merkur Trip Cancellation Insurance Products, Services and Solutions
5.11.4 Hanse Merkur Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Hanse Merkur Recent Developments
5.12 Ping An Insurance (Group) Company of China
5.12.1 Ping An Insurance (Group) Company of China Profile
5.12.2 Ping An Insurance (Group) Company of China Main Business
5.12.3 Ping An Insurance (Group) Company of China Trip Cancellation Insurance Products, Services and Solutions
5.12.4 Ping An Insurance (Group) Company of China Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Ping An Insurance (Group) Company of China Recent Developments
5.13 People's insurance company of China
5.13.1 People's insurance company of China Profile
5.13.2 People's insurance company of China Main Business
5.13.3 People's insurance company of China Trip Cancellation Insurance Products, Services and Solutions
5.13.4 People's insurance company of China Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 People's insurance company of China Recent Developments
5.14 China Life
5.14.1 China Life Profile
5.14.2 China Life Main Business
5.14.3 China Life Trip Cancellation Insurance Products, Services and Solutions
5.14.4 China Life Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 China Life Recent Developments
5.15 Sompo Japan Nipponkoa
5.15.1 Sompo Japan Nipponkoa Profile
5.15.2 Sompo Japan Nipponkoa Main Business
5.15.3 Sompo Japan Nipponkoa Trip Cancellation Insurance Products, Services and Solutions
5.15.4 Sompo Japan Nipponkoa Trip Cancellation Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Sompo Japan Nipponkoa Recent Developments
6 North America
6.1 North America Trip Cancellation Insurance Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe Trip Cancellation Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Trip Cancellation Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Trip Cancellation Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Trip Cancellation Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Trip Cancellation Insurance Market Dynamics
11.1 Trip Cancellation Insurance Industry Trends
11.2 Trip Cancellation Insurance Market Drivers
11.3 Trip Cancellation Insurance Market Challenges
11.4 Trip Cancellation Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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