Analysis of Corporate Travel Insurance Market by Research Nester Reveals the Market to Grow with a CAGR of ~20% During 2024-2036 and Attain ~USD 21 Billion by 2036

Research Nester’s recent market research analysis on “Corporate Travel Insurance Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global corporate travel insurance market in terms of market segmentation by insurance, coverage type, distribution channel, and by region.
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Growing Trend of Bleisure to Drive Growth of Global Corporate Travel Insurance Market
The global corporate travel insurance market is estimated to grow majorly on account of the increased trend and human tendency to add leisure in their business trip, where work and business get combined to utilize the time, and expenditure. Most of the business trips, and conferences are being held out of city or in some other place. People always love to travel for amusement, and such outings utilize lot of time if that travel has done for the business purpose. For instance, according to a poll, bleisure, or business coupled with leisure, is facilitated by approximately 80% of business travelers.
The market research report also includes other growth factors and challenges that are associated with the growth of the global corporate travel insurance market. Some of the major growth indicators are:
Growth Drivers:
• Rise in Online Travel Bookings
• Globally Increasing Travel Spending
Challenges:
The extreme amount of corporate travel insurance, and deficit of cognizance among people regarding the corporate travel insurance policies are some of the major factors anticipated to hamper the growth of the global corporate travel insurance market. Despite of the numerous restraint factors associated with the growth of the market, Research Nester’s analysis indicates a robust growth for the market during the forecast period
The market research report on global corporate travel insurance encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
By indication, the global corporate travel insurance market is segmented into single trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance. The annual multi-trip travel insurance segment is to garner a highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period on the back of significantly growing number of corporate travelling, and notably increasing expenditure ratio on business travel.
By region, the Europe corporate travel insurance market is to generate the highest revenue by the end of 2036. This growth is anticipated by higher economic development of the region, followed by the escalating count of corporate travelers who splurge high expenditure on traveling.
The research is global in nature and covers detailed analysis on the corporate travel insurance market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global corporate travel insurance market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global corporate travel insurance market which includes company profiling of AXA, Chubb Group Holdings Inc., Insure & Go Insurance Services Limited, Zurich Insurance Group Ltd, American International Group, Inc., Seven Corners Inc., Berkshire Hathaway Specialty Insurance, TravelSafe Insurance, Assicurazioni Generali S.p.A., Trip Mate, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global corporate travel insurance market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Access our detailed report at:
https://www.researchnester.com/reports/corporate-travel-insurance-market/326
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