Market Overview:
The global equestrian insurance market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for equestrian insurance products, owing to the rising popularity of horse riding as a recreational activity. In addition, the growing number of commercial equestrian businesses is also contributing significantly to the growth of this market. On the basis of type, major medical insurance accounted for majority share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to increasing awareness about health benefits offered by such policies and their ability protect riders in case of any accidents or injuries while riding horses.
Product Definition:
Equestrian insurance is a type of property and casualty insurance that covers the risks associated with owning, leasing, or using horses for business or pleasure. The most common risks covered by equestrian insurance policies include liability for injuries to people and animals, damage to property, veterinary expenses, and loss of use.
Major Medical Insurance:
Major medical insurance is a term used to define health coverage provided by an employer for its employees. In the equestrian industry, it is important to understand that there are two types of major medical policies-the policy purchased by an individual rider and the policy purchased jointly by a husband and wife (if applicable). The key difference between these two policies is that while one covers accidents, other includes diseases.
Surgical Insurance:
Surgical insurance is a form of health insurance that helps pay for medical expenses in case of an accident or illness. It can be availed by individuals as well as businesses. Surgical insurance is different from medical coverage, which covers hospitalization and related services only; surgical coverage includes surgery itself.
The global equestrian market size was valued at USD 1,37 billion in 2016.
Application Insights:
The personal application segment held the largest share of more than 60.0% in 2017. The growth can be attributed to the increasing popularity of equestrian sports, especially among women and young people across the globe. In addition, it has been observed that majority of riders prefer to avail personal policies as they offer higher coverage limits and flexibility in claims settlement procedures as compared to commercial policies.
Commercial applications are expected to witness significant growth over the forecast period owing to rising demand for event management services by various organizations including military bases, stables and kennels clubs across countries such as U.S.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to high popularity of equestrian sports and increasing awareness about various insurance policies offered by governments. In addition, presence of a large number of players offering different types of coverage is also expected to drive growth in North America during the same period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years due to rising popularity and awareness about equestrian sports among people from rural areas as well as urban cities. Furthermore, government initiatives for promoting healthy living are also driving growth in Asia Pacific region at a significant rate during same period.
Growth Factors:
- Increasing popularity of equestrian sports: The global equestrian insurance market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing popularity of equestrian sports. This is mainly due to the growing awareness about the health benefits associated with horse riding and other equestrian activities.
- Rising disposable income: The growth of the global equestrian insurance market is also attributed to rising disposable incomes across developed and developing countries. This has led to an increase in spending on luxury items such as horses and horse-related products and services, thereby driving demand for equestrian insurance policies.
- Proliferation of online platforms: The proliferation of online platforms has made it easier for people to purchase equine products and services, including insurance policies. This has helped in boosting demand for eq
Scope Of The Report
Report Attributes
Report Details
Report Title
Equestrian Insurance Market Research Report
By Type
Major Medical Insurance, Surgical Insurance, Full Mortality Insurance, Limited Mortality Insurance, Loss of Use Insurance, Personal Liability Insurance
By Application
Personal, Commercial
By Companies
NFU Mutual, AXA SA, Nationwide Mutual Insurance Company, American Equine Insurance Group, Aviva, KBIS British Equestrian Insurance, Markel Corporation, Equine Group, Kay Cassell Equine Insurance, Hare, Chase & Heckman, Madden Equine Insurance, China Pacific Insurance (Group) Co
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Equestrian Insurance Market Report Segments:
The global Equestrian Insurance market is segmented on the basis of:
Types
Major Medical Insurance, Surgical Insurance, Full Mortality Insurance, Limited Mortality Insurance, Loss of Use Insurance, Personal Liability Insurance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NFU Mutual
- AXA SA
- Nationwide Mutual Insurance Company
- American Equine Insurance Group
- Aviva
- KBIS British Equestrian Insurance
- Markel Corporation
- Equine Group
- Kay Cassell Equine Insurance
- Hare, Chase & Heckman
- Madden Equine Insurance
- China Pacific Insurance (Group) Co
Highlights of The Equestrian Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Major Medical Insurance
- Surgical Insurance
- Full Mortality Insurance
- Limited Mortality Insurance
- Loss of Use Insurance
- Personal Liability Insurance
- By Application:
- Personal
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Equestrian Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Equestrian insurance is a type of insurance that covers horse-related accidents and incidents. This type of coverage can help protect you and your horse if something happens while you are riding, training, or competing.
Some of the major players in the equestrian insurance market are NFU Mutual, AXA SA, Nationwide Mutual Insurance Company, American Equine Insurance Group, Aviva, KBIS British Equestrian Insurance, Markel Corporation, Equine Group, Kay Cassell Equine Insurance, Hare, Chase & Heckman, Madden Equine Insurance, China Pacific Insurance (Group) Co.
The equestrian insurance market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Equestrian Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Equestrian Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Equestrian Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Equestrian Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Equestrian Insurance Market Size & Forecast, 2018-2028
4.5.1 Equestrian Insurance Market Size and Y-o-Y Growth
4.5.2 Equestrian Insurance Market Absolute $ Opportunity
Chapter 5 Global Equestrian Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Equestrian Insurance Market Size Forecast by Type
5.2.1 Major Medical Insurance
5.2.2 Surgical Insurance
5.2.3 Full Mortality Insurance
5.2.4 Limited Mortality Insurance
5.2.5 Loss of Use Insurance
5.2.6 Personal Liability Insurance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Equestrian Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Equestrian Insurance Market Size Forecast by Applications
6.2.1 Personal
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Equestrian Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Equestrian Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Equestrian Insurance Analysis and Forecast
9.1 Introduction
9.2 North America Equestrian Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Equestrian Insurance Market Size Forecast by Type
9.6.1 Major Medical Insurance
9.6.2 Surgical Insurance
9.6.3 Full Mortality Insurance
9.6.4 Limited Mortality Insurance
9.6.5 Loss of Use Insurance
9.6.6 Personal Liability Insurance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Equestrian Insurance Market Size Forecast by Applications
9.10.1 Personal
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Equestrian Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe Equestrian Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Equestrian Insurance Market Size Forecast by Type
10.6.1 Major Medical Insurance
10.6.2 Surgical Insurance
10.6.3 Full Mortality Insurance
10.6.4 Limited Mortality Insurance
10.6.5 Loss of Use Insurance
10.6.6 Personal Liability Insurance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Equestrian Insurance Market Size Forecast by Applications
10.10.1 Personal
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Equestrian Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Equestrian Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Equestrian Insurance Market Size Forecast by Type
11.6.1 Major Medical Insurance
11.6.2 Surgical Insurance
11.6.3 Full Mortality Insurance
11.6.4 Limited Mortality Insurance
11.6.5 Loss of Use Insurance
11.6.6 Personal Liability Insurance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Equestrian Insurance Market Size Forecast by Applications
11.10.1 Personal
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Equestrian Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America Equestrian Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Equestrian Insurance Market Size Forecast by Type
12.6.1 Major Medical Insurance
12.6.2 Surgical Insurance
12.6.3 Full Mortality Insurance
12.6.4 Limited Mortality Insurance
12.6.5 Loss of Use Insurance
12.6.6 Personal Liability Insurance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Equestrian Insurance Market Size Forecast by Applications
12.10.1 Personal
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Equestrian Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Equestrian Insurance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Equestrian Insurance Market Size Forecast by Type
13.6.1 Major Medical Insurance
13.6.2 Surgical Insurance
13.6.3 Full Mortality Insurance
13.6.4 Limited Mortality Insurance
13.6.5 Loss of Use Insurance
13.6.6 Personal Liability Insurance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Equestrian Insurance Market Size Forecast by Applications
13.10.1 Personal
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Equestrian Insurance Market: Competitive Dashboard
14.2 Global Equestrian Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NFU Mutual
14.3.2 AXA SA
14.3.3 Nationwide Mutual Insurance Company
14.3.4 American Equine Insurance Group
14.3.5 Aviva
14.3.6 KBIS British Equestrian Insurance
14.3.7 Markel Corporation
14.3.8 Equine Group
14.3.9 Kay Cassell Equine Insurance
14.3.10 Hare, Chase & Heckman
14.3.11 Madden Equine Insurance
14.3.12 China Pacific Insurance (Group) Co
