Insurance Bonds Market - Statistics & Insights

Unlike many financial instruments tied directly to capital markets, insurance bonds (surety bonds) grow in tandem with infrastructure cycles and regulatory mandates. In 2024, the global insurance bonds market is estimated at USD 20.3 billion, on course to reach USD 33.85 billion by 2032 at a CAGR of 6.6%. North America dominates with 43% of revenues due to high compliance standards and contractor bond pricing discipline, while Asia-Pacific and Latin America are accelerating fastest as government projects increasingly mandate performance and payment bonds. Europe continues to reflect moderate but steady growth, supported by modernization of public works and private sector participation. The relatively low penetration rate—just 0.5% of the USD 3.9 trillion global construction industry—illustrates vast room for expansion.