Takaful Insurance Market
Takaful Insurance Market - Global Industry Assessment & Forecast
#
Pages:
143
2022
Jun - 2022
VMR-1687
Segments Covered
By
Distribution Channel Agents & Brokers, Banks, Direct Response, Other Channels
-
By
Type Family Takaful, General Takaful
-
By
Application Personal, Commercial
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 28.50 Billion |
 Revenue 2030:
|
USD 81.30 Billion |
 Revenue CAGR
(2023 - 2030): |
14.00% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Takaful Insurance Market by Distribution Channel by Type by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. Moreover, primary interviews also provide us information regarding region market trends, segmental trends, top market players and their financials, and supply-demand scenarios of the market along with such other market developments.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Takaful Insurance market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
Vantage Market
Research | 04-Jul-2022
FAQ
Frequently Asked Question
What is the global demand for Takaful Insurance in terms of revenue?
-
The global Takaful Insurance valued at USD 28.50 Billion in 2022 and is expected to reach USD 81.30 Billion in 2030 growing at a CAGR of 14.00%.
Which are the prominent players in the market?
-
The prominent players in the market are Abu Dhabi National Takaful Co., Allianz, AMAN Insurance, Islamic Insurance, Prudential BSN Takaful Berhad, Qatar Islamic Insurance, SALAMA Islamic Arab Insurance Company, Syarikat Takaful Brunei Darussalam, Takaful International, Zurich Malaysia.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 14.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Takaful Insurance include
- Growth in demand of takaful insurance across Muslim majority countries
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Takaful Insurance in 2022.
