Global Takaful Insurance Industry Outlook 2021: Overview, Opportunities, Key Companies and Forecast to 2027

  • Executive Summary


    According to Research, the global Takaful Insurance market was valued at million US$ in 2020 and is expected to million US$ by the end of 2027, growing at a CAGR of % in the forecast period 2021 and 2027.


    This report studies the Takaful Insurance market dynamics from angles such as new entries, mergers and acquisitions, fundings, exit and major technology breakthroughs. Market performance is evaluated through market size (Million USD) by players, regions, product types and end industries. This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.


    Geographically, this report is segmented into several key regions, with revenue, market share and growth Rate of Takaful Insurance in these regions, from 2016 to 2027, covering

    North America (United States, Canada and Mexico)

    Europe (Germany, France, UK, Italy, Spain and Russia, etc.)

    Asia-Pacific (China, Japan, Korea, Southeast Asia, India, Australia)

    South America (Brazil, Argentina, Colombia, etc.)

    Middle East and Africa (Turkey, Saudi Arabia, South Africa, etc.)


    Market Snapshot, By Product Type

    Family Insurance

    General Insurance

    Property & Fire Insurance

    Medical & Health Insurance

    Others


    Market Snapshot, By Application

    Personal

    Commercial


    Market Snapshot, By Region:

    North America

    United States

    Canada

    Mexico

    Europe

    Germany

    France

    UK

    Italy

    Russia

    Spain

    Asia Pacific

    China

    Japan

    Korea

    Southeast Asia

    India

    Australia

    Central & South America

    Brazil

    Argentina

    Colombia

    Middle East & Africa

    Iran

    South Africa

    Israel

    Turkey

    Saudi Arabia


    Main Market Players Analyzed in this report, including:

    Zurich Malaysia

    Takaful International

    Syarikat Takaful Brunei Darussalam

    SALAMA Islamic Arab Insurance Company

    Qatar Islamic Insurance

    Prudential BSN Takaful Berhad

    Islamic Insurance

    AMAN Insurance

    Allianz

    Abu Dhabi National Takaful Co.


    The study objectives of this report are:

    To study and analyze the global Takaful Insurance market size (Million USD) by company, key regions/countries, products and application, history data from 2016 to 2020, and forecast to 2027.

    To understand industry structure of Takaful Insurance market by identifying its various subsegments.

    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

    To identify the key global Takaful Insurance manufacturers and regional typical players, to define, describe and analyze their sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

    To analyze the Takaful Insurance market with respect to individual growth trends, future prospects, and their contribution to the total market.

    To project the value and volume of Takaful Insurance submarkets, with respect to key regions (along with their respective key countries).

    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

    To strategically profile the key players and comprehensively analyze their growth strategies.


    In this study, the years considered to estimate the market size of Takaful Insurance are as follows:

    History Year: 2016-2020

    Base Year: 2020

    Estimated Year: 2021

    Forecast Year 2021 to 2027


    This report includes the estimation of market size from top-down approach by analyzing major submarkets and their major driving factors, and verified from bottom-up approaches. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified from primary sources.


    For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.


    Key Stakeholders Considered in the study:

    Raw material vendors

    Distributors/traders/wholesalers/suppliers

    Regulatory authorities, including government agencies and NGO

    Commercial research & development (R&D) institutions

    Importers and exporters

    Government organizations, research organizations, and consulting firms

    Trade/Industrial associations

    End-use industries


     

  • With tables and figures helping analyze worldwide Global Takaful Insurance market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.


    1 Market Definition & Scope

    1.1 Definition & Scope

    1.2 Takaful Insurance Product Specifications

    1.3 Main Events (Entry, M&A, Exit, Technology and Capital Activity)

    1.4 Global Takaful Insurance Market Performance and Outlook


    2 Market Development Performance under COVID-19

    2.1 Influencing Factors of Industry Development in the Next Five Years

    2.1.1 Drivers
    2.1.2 Restraints
    2.1.3 Opportunities

    2.2 Porter’s Five Forces Analysis

    2.3 Comparison of Alternatives and Takaful Insurance

    3 3 Industrial Lift Cycle and Main Buyers Analysis

    3.1 Industry Life Cycle Analysis

    3.2 Key Buying Industries/Consumers

    3.2.1 Major Buyers in Application One
    3.2.2 Major Buyers in Application Two
    3.2.1 Major Buyers in Application Three

    4 Market Segment: by Type

    4.1 Takaful Insurance Type Introduction

    4.1.1 Family Insurance
    4.1.2 General Insurance
    4.1.3 Property & Fire Insurance
    4.1.4 Medical & Health Insurance
    4.1.5 Others

    4.2 Global Takaful Insurance Revenue by Type 2016-2021


    5 Market Segment: by Application

    5.1 Takaful Insurance Type Introduction

    5.1.1 Personal
    5.1.2 Commercial

    5.2 Global Takaful Insurance Revenue by Application 2016-2021


    6 Marke Segment: by Region

    6.1 Global Takaful Insurance Market by Region

    6.2 North America Takaful Insurance Market 2016-2021

    6.3 Europe Takaful Insurance Market 2016-2021

    6.4 Asia Pacific Takaful Insurance Market 2016-2021

    6.5 South America Takaful Insurance Market 2016-2021

    6.6 Middle East and Africa Takaful Insurance Market 2016-2021


    7 North America

    7.1 North America Takaful Insurance Market by Country 2016-2021

    7.2 United States

    7.3 Canada

    7.4 Mexico


    8 Europe

    8.1 Europe Takaful Insurance Market by Country 2016-2021

    8.2 Germany

    8.3 France

    8.4 UK

    8.5 Italy

    8.6 Russia

    8.7 Spain

    9 Asia Pacific

    9.1 Asia Pacific Takaful Insurance Market by Country 2016-2021

    9.2 China

    9.3 Japan

    9.4 Korea

    9.5 Southeast Asia

    9.6 India

    9.7 Australia

    10 South America

    10.1 South America Takaful Insurance Market by Country 2016-2021

    10.2 Brazil

    10.3 Argentina

    10.4 Colombia


    11 Middle East and Africa

    11.1 Middle East and Africa Takaful Insurance Market by Country 2016-2021

    11.2 Turkey

    11.3 Saudi Arabia

    11.4 South Africa


    12 Key Participants Company Information

    3.1 Zurich Malaysia

    3.1.1 Zurich Malaysia Company Information
    3.1.2 Zurich Malaysia Takaful Insurance Product Portfolio, Specification and Application
    3.1.3 Zurich Malaysia Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.1.4 Zurich Malaysia Key Development

    3.2 Takaful International

    3.2.1 Takaful International Company Information
    3.2.2 Takaful International Takaful Insurance Product Portfolio, Specification and Application
    3.2.3 Takaful International Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.2.4 Takaful International Key Development

    3.3 Syarikat Takaful Brunei Darussalam

    3.3.1 Syarikat Takaful Brunei Darussalam Company Information
    3.3.2 Syarikat Takaful Brunei Darussalam Takaful Insurance Product Portfolio, Specification and Application
    3.3.3 Syarikat Takaful Brunei Darussalam Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.3.4 Syarikat Takaful Brunei Darussalam Key Development

    3.4 SALAMA Islamic Arab Insurance Company

    3.4.1 SALAMA Islamic Arab Insurance Company Company Information
    3.4.2 SALAMA Islamic Arab Insurance Company Takaful Insurance Product Portfolio, Specification and Application
    3.4.3 SALAMA Islamic Arab Insurance Company Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.4.4 SALAMA Islamic Arab Insurance Company Key Development

    3.5 Qatar Islamic Insurance

    3.5.1 Qatar Islamic Insurance Company Information
    3.5.2 Qatar Islamic Insurance Takaful Insurance Product Portfolio, Specification and Application
    3.5.3 Qatar Islamic Insurance Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.5.4 Qatar Islamic Insurance Key Development

    3.6 Prudential BSN Takaful Berhad

    3.6.1 Prudential BSN Takaful Berhad Company Information
    3.6.2 Prudential BSN Takaful Berhad Takaful Insurance Product Portfolio, Specification and Application
    3.6.3 Prudential BSN Takaful Berhad Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.6.4 Prudential BSN Takaful Berhad Key Development
    3.7 Islamic Insurance
    3.7.1 Islamic Insurance Company Information
    3.7.2 Islamic Insurance Takaful Insurance Product Portfolio, Specification and Application
    3.7.3 Islamic Insurance Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.7.4 Prudential BSN Takaful Berhad Key Development
    3.9 Allianz
    3.9.1 Allianz Company Information
    3.9.2 Allianz Takaful Insurance Product Portfolio, Specification and Application
    3.9.3 Allianz Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.9.4 Allianz Key Development
    3.8 AMAN Insurance
    3.8.1 AMAN Insurance Company Information
    3.8.2 AMAN Insurance Takaful Insurance Product Portfolio, Specification and Application
    3.8.3 AMAN Insurance Takaful Insurance Revenue and Gross Margin (2019-2021)
    3.8.4 AMAN Insurance Key Development

    13 Global Takaful Insurance Market Forecast by Region by Type and by Application

    13.1 Global Takaful Insurance Revenue Forecast 2022-2027

    13.2 Global Takaful Insurance Forecast by Regions

    13.3 Global Takaful Insurance Forecast by Type

    13.4 Global Takaful Insurance Forecast by Application


    14 Analyst Views and Conclusions

    15 Methodology and Data Source

    15.1 Methodology

    15.2 Research Data Source

    15.2.1 Secondary Data
    15.2.2 Primary Data
    15.2.3 Market Size Estimation

    15.3 Legal Disclaimer


    List of Tables
    Table 1: Global Takaful Insurance Production Specifications
    Table 2: Drivers in Takaful Insurance Market
    Table 3: Restraints Takaful Insurance Market
    Table 4: Opportunity in Takaful Insurance Market
    Table 5: Comparion of Alternative and Takaful Insurance
    Table 6: Takaful Insurance Raw Materials Key Suppliers List
    Table 7: Takaful Insurance Distributors List
    Table 8: Takaful Insurance Major Buyers in Application One
    Table 9: Takaful Insurance Major Buyers in Application Two
    Table 10: Takaful Insurance Major Buyers in Application Three
    Table 11: Global Takaful Insurance Revenue (Million USD) by Type 2016-2021
    Table 12: Global Takaful Insurance Revenue Market Share by Type 2016-2021
    Table 18: Global Takaful Insurance Revenue (Million USD) by Application 2016-2021
    Table 19: Global Takaful Insurance Revenue Market Share by Application 2016-2021
    Table 20: Global Takaful Insurance Revenue (Million USD) by Region 2016-2021
    Table 21: Global Takaful Insurance Revenue Market Share by Region 2016-2021
    Table 22: North America Takaful Insurance Revenue (Million USD) by Country 2016-2021
    Table 23: North America Takaful Insurance Revenue Market Share by Country 2016-2021)
    Table 24: Europe Takaful Insurance Revenue (Million USD) by Country 2016-2021
    Table 25: Europe Takaful Insurance Revenue Market Share by Country 2016-2021)
    Table 26: Asia Pacific Takaful Insurance Revenue (Million USD) by Country 2016-2021
    Table 27: Asia Pacific Takaful Insurance Revenue Market Share by Country 2016-2021)
    Table 28: South America Takaful Insurance Revenue (Million USD) by Country 2016-2021
    Table 29: South America Takaful Insurance Revenue Market Share by Country 2016-2021)
    Table 30: Middle East and Africa Takaful Insurance Revenue (Million USD) by Country 2016-2021
    Table 31: Middle East and Africa Takaful Insurance Revenue Market Share by Country 2016-2021)
    Table 32 Zurich Malaysia Company Information
    Table 33 Zurich Malaysia Takaful Insurance Product Portfolio, Specification and Application
    Table 34 Zurich Malaysia Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 35 Takaful International Company Information
    Table 36 Takaful International Takaful Insurance Product Portfolio, Specification and Application
    Table 37 Takaful International Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 38 Syarikat Takaful Brunei Darussalam Company Information
    Table 39 Syarikat Takaful Brunei Darussalam Takaful Insurance Product Portfolio, Specification and Application
    Table 40 Syarikat Takaful Brunei Darussalam Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 41 SALAMA Islamic Arab Insurance Company Company Information
    Table 42 SALAMA Islamic Arab Insurance Company Takaful Insurance Product Portfolio, Specification and Application
    Table 43 SALAMA Islamic Arab Insurance Company Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 44 Qatar Islamic Insurance Company Information
    Table 45 Qatar Islamic Insurance Takaful Insurance Product Portfolio, Specification and Application
    Table 46 Qatar Islamic Insurance Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 47 Prudential BSN Takaful Berhad Company Information
    Table 48 Prudential BSN Takaful Berhad Takaful Insurance Product Portfolio, Specification and Application
    Table 49 Prudential BSN Takaful Berhad Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 50 Islamic Insurance Company Information
    Table 51 Islamic Insurance Takaful Insurance Product Portfolio, Specification and Application
    Table 52 Islamic Insurance Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 53 AMAN Insurance Company Information
    Table 54 AMAN Insurance Takaful Insurance Product Portfolio, Specification and Application
    Table 55 AMAN Insurance Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 56 Allianz Company Information
    Table 57 Allianz Takaful Insurance Product Portfolio, Specification and Application
    Table 58 Allianz Takaful Insurance Revenue and Gross Margin (2019-2021)
    Table 59: Global Takaful Insurance Revenue (Million USD) Forecast by Region (2022-2027)
    Table 60: Global Takaful Insurance Revenue Market Share Forecast by Region (2022-2027)
    Table 61: Global Takaful Insurance Revenue (Million USD) Forecast by Type (2022-2027)
    Table 62: Global Takaful Insurance Revenue Market Share Forecast by Type (2022-2027)
    Table 63: Global Takaful Insurance Revenue (Million USD) Forecast by Application (2022-2027)
    Table 64: Global Takaful Insurance Revenue Market Share Forecast by Application (2022-2027)

     

  • The Global Takaful Insurance Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
          Frequently asked questions(FAQ's):
          What trends are influencing the growth of the Global Takaful Insurance Market?

          New players are entering the Global Takaful Insurance Market, while established companies are changing their business models and strategies. This pattern is likely to continue for the foreseeable future.

          What are the major applications of the Global Takaful Insurance Market?

          Depending upon the type of applications, the Global Takaful Insurance Market has been segmented into and other applications.

          What is the current state of the Global Takaful Insurance Industry, and what is the projected growth trajectory through 2029?

          In 2023, the Global Takaful Insurance Market share surpassed USD xx million, and between 2024 and 2029, it will grow at a CAGR of yy%.

          What does the future hold for the Global Takaful Insurance Market?

          As the shift to value addition continues, companies in the Global Takaful Insurance Market face the dual challenge of improving interoperability to optimize performance and experience.

          What are the top priorities for the growth of the Global Takaful Insurance Market?

          In this highly competitive and rapidly evolving Global Takaful Insurance Industry, top strategic priorities such as innovation, diversification, and M&A would remain consistent.

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