The global horse insurance market revenue was around US$ 459 billion in 2021 and is estimated to reach US$ 1.8 billion by 2031, growing at a compound annual growth rate (CAGR) of 13.7% during the forecast period from 2022 to 2031.
The “equine insurance” policy, which is intended exclusively for the horse industry, offers a variety of policies and coverage. It offers protection from unforeseen expenses for horses, farms, equestrian professionals, and other connected parties. Horse farms, horse industry organizations, rodeos, equestrian athletes, clubs, and horse-related displays all make use of equine insurance.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17338
Factors Influencing Market Growth
An increase in the demand for horse medical insurance coverage, particularly among high-net-worth individuals drives the growth of the horse insurance market.
The expansion of the horse insurance market is aided by the insurance industry’s increased digitization due to technological advancements like AI and ML.
A potential growth opportunity for the market is predicted due to the increase in advancements and initiatives related to horse riding insurance.
Lower awareness and higher premiums of horse insurance hamper the market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the horse insurance market since many veterinary facilities and diagnostic centers were forced to close due to the lockdown measures taken by various governments. Companies that offer horse insurance, though, were attempting to innovate and change the policy coverage and policies in response to the prevalence of health concerns. Additionally, the majority of horse insurance companies have migrated to digital platforms to better serve their clients and combat the damaging effects on the sector. Additionally, the impact of the pandemic on the horse insurance market has been mitigated by increased government measures and increased digitalization in the insurance sector.
Regional Insights
North America dominated the horse insurance market in 2021. High net worth individuals (HNWI) have significantly increased their adoption of horses, which has helped North America become the largest market shareholder of the horse insurance market.
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17338
Leading Competitors
The leading competitors in the global horse insurance market are:
Markel Corporation
AXA
Harry Hall Horse Insurance
The Insurance Emporium Horse Insurance
Animal Friends Horse Insurance
Quotezone Horse Insurance
Pet Plan
ASPCA
Nationwide
Pet Assure
Hollard
ONE Insurance
De Wet De Villiers Brokers
Trusted Choice
Broadstone Equine Insurance Agency
Great American Insurance Group
EPIC Insurance Brokers & Consultants
Others
Segmentation Analysis
The global horse insurance market segmentation focuses on Type, Horse Type, Application, Sales Channel and Region.
Segmentation based on Type
Mortality
Major Medical & Surgical
Loss of Use
Liability
Others
Segmentation based on Horse Type
American Quarter Horse
Arabian
Thoroughbred
Morgan
Appaloosa
Others
Segmentation based on Application
Recreational
o Recreational
? Riding
? Racing
? Grooming/Showing
? Others
Commercial
Segmentation based on Sales Channel
Broker
Agency
Direct Response
Others
Get The Insights You Need By Customizing Your Report To Fit Your Unique Needs And Goals:https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17338
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Table of Content
Chapter 1: Global Horse Insurance Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Horse Insurance market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Horse Insurance Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Horse Insurance market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Horse Insurance market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Horse Insurance market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Horse Insurance market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Horse Insurance business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17338
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.
Contact Information:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States
Telephone: +1 888 212 3539 (US – Toll-Free)
For more information and to explore their offerings, visit their website at:https://www.reportocean.com/