Global Takaful Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 252
- CATEGORY
- Retails & Consumer
The Takaful market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Takaful market. On the basis of historic growth analysis and current scenario of Takaful market place, the report intends to offer actionable insights and outlook on global / regional market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tool that facilitate deeper understanding of multiple aspects of global Takaful market. These further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Takaful market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Takaful market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Takaful Market: Major Players
PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA
Kuwait Finance House
Salama
AMAN
Qatar Islamic Insurance Company
Dubai Islamic Bank
Takaful Brunei Darussalam Sdn Bhd
Takaful Malaysia
JamaPunji
Standard Chartered
HSBC Amanah Takaful
Bank Mandiri
Prudential BSN Takaful Berhad
Malayan Banking Berhad
Zurich Malaysia
Global Takaful Market: By Types
Life/Family Takaful
General Takaful
Global Takaful Market: By Applications
Family
Government
Business
Global Takaful Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Takaful market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Takaful Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023This report examines all the key factors influencing growth of global Takaful market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Takaful market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Takaful Market: Major Players
PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA
Kuwait Finance House
Salama
AMAN
Qatar Islamic Insurance Company
Dubai Islamic Bank
Takaful Brunei Darussalam Sdn Bhd
Takaful Malaysia
JamaPunji
Standard Chartered
HSBC Amanah Takaful
Bank Mandiri
Prudential BSN Takaful Berhad
Malayan Banking Berhad
Zurich Malaysia
Global Takaful Market: By Types
Life/Family Takaful
General Takaful
Global Takaful Market: By Applications
Family
Government
Business
Global Takaful Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Takaful market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Takaful Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Takaful Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Takaful
1.3 Takaful Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Takaful Revenue and Growth Rate from 2016-2030
1.4 Market Segmentation
1.4.1 Types of Takaful
1.4.2 Applications of Takaful
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Takaful Industry Trends
1.5.2 Takaful Drivers
1.5.3 Takaful Market Challenges
1.5.4 Takaful Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Takaful Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Takaful Industry Development
2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Takaful Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Takaful
2.2.1 Major Players Manufacturing Base of Takaful in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Takaful Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Takaful
2.3.3 Labor Cost of Takaful
2.4 Market Channel Analysis of Takaful
2.5 Major Down Stream Customers by Application
3 Global Takaful Market, by Type
3.1 Global Takaful Revenue and Market Share by Type (2016-2021)
3.2 Global Takaful Production and Market Share by Type (2016-2021)
3.3 Global Takaful Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Takaful Revenue and Growth Rate of Life/Family Takaful
3.3.2 Global Takaful Revenue and Growth Rate of General Takaful
3.4 Global Takaful Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends
4 Takaful Market, by Application
4.1 Downstream Market Overview
4.2 Global Takaful Consumption and Market Share by Application (2016-2021)
4.3 Global Takaful Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Takaful Consumption and Growth Rate of Family (2016-2021)
4.3.2 Global Takaful Consumption and Growth Rate of Government (2016-2021)
4.3.3 Global Takaful Consumption and Growth Rate of Business (2016-2021)
5 Global Takaful Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Takaful Revenue and Market Share by Region (2016-2021)
5.2 Global Takaful Consumption and Market Share by Region (2016-2021)
5.3 Global Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Takaful Market Under COVID-19
5.4.2 North America Takaful SWOT Analysis
5.5 Europe Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Takaful Market Under COVID-19
5.5.2 Europe Takaful SWOT Analysis
5.6 China Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Takaful Market Under COVID-19
5.6.2 China Takaful SWOT Analysis
5.7 Japan Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Takaful Market Under COVID-19
5.7.2 Japan Takaful SWOT Analysis
5.8 Middle East and Africa Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Takaful Market Under COVID-19
5.8.2 Middle East and Africa Takaful SWOT Analysis
5.9 India Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Takaful Market Under COVID-19
5.9.2 India Takaful SWOT Analysis
5.10 South America Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Takaful Market Under COVID-19
5.10.2 South America Takaful SWOT Analysis
5.11 South Korea Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Takaful Market Under COVID-19
5.11.2 South Korea Takaful SWOT Analysis
5.12 Southeast Asia Takaful Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Takaful Market Under COVID-19
5.12.2 Southeast Asia Takaful SWOT Analysis
6 Global Takaful Production by Top Regions (2016-2021)
6.1 Global Takaful Production by Top Regions (2016-2021)
6.2 North America Takaful Production and Growth Rate
6.3 Europe Takaful Production and Growth Rate
6.4 China Takaful Production and Growth Rate
6.5 Japan Takaful Production and Growth Rate
6.6 India Takaful Production and Growth Rate
7 Global Takaful Consumption by Regions (2016-2021)
7.1 Global Takaful Consumption by Regions (2016-2021)
7.2 North America Takaful Consumption and Growth Rate
7.3 Europe Takaful Consumption and Growth Rate
7.4 China Takaful Consumption and Growth Rate
7.5 Japan Takaful Consumption and Growth Rate
7.6 Middle East & Africa Takaful Consumption and Growth Rate
7.7 India Takaful Consumption and Growth Rate
7.8 South America Takaful Consumption and Growth Rate
7.9 South Korea Takaful Consumption and Growth Rate
7.10 Southeast Asia Takaful Consumption and Growth Rate
8 Competitive Landscape
8.1 Competitive Profile
8.2 PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Takaful Product Profiles, Application and Specification
8.2.3 PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 Kuwait Finance House Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Takaful Product Profiles, Application and Specification
8.3.3 Kuwait Finance House Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Salama Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Takaful Product Profiles, Application and Specification
8.4.3 Salama Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 AMAN Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Takaful Product Profiles, Application and Specification
8.5.3 AMAN Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Qatar Islamic Insurance Company Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Takaful Product Profiles, Application and Specification
8.6.3 Qatar Islamic Insurance Company Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Dubai Islamic Bank Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Takaful Product Profiles, Application and Specification
8.7.3 Dubai Islamic Bank Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Takaful Brunei Darussalam Sdn Bhd Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Takaful Product Profiles, Application and Specification
8.8.3 Takaful Brunei Darussalam Sdn Bhd Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 Takaful Malaysia Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Takaful Product Profiles, Application and Specification
8.9.3 Takaful Malaysia Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 JamaPunji Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Takaful Product Profiles, Application and Specification
8.10.3 JamaPunji Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Standard Chartered Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Takaful Product Profiles, Application and Specification
8.11.3 Standard Chartered Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
8.12 HSBC Amanah Takaful Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Takaful Product Profiles, Application and Specification
8.12.3 HSBC Amanah Takaful Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
8.13 Bank Mandiri Market Performance Analysis
8.13.1 Company Profiles
8.13.2 Takaful Product Profiles, Application and Specification
8.13.3 Bank Mandiri Sales, Revenue, Price, Gross Margin 2016-2021
8.13.4 Company Recent Development
8.13.5 Strategies for Company to Deal with the Impact of COVID-19
8.14 Prudential BSN Takaful Berhad Market Performance Analysis
8.14.1 Company Profiles
8.14.2 Takaful Product Profiles, Application and Specification
8.14.3 Prudential BSN Takaful Berhad Sales, Revenue, Price, Gross Margin 2016-2021
8.14.4 Company Recent Development
8.14.5 Strategies for Company to Deal with the Impact of COVID-19
8.15 Malayan Banking Berhad Market Performance Analysis
8.15.1 Company Profiles
8.15.2 Takaful Product Profiles, Application and Specification
8.15.3 Malayan Banking Berhad Sales, Revenue, Price, Gross Margin 2016-2021
8.15.4 Company Recent Development
8.15.5 Strategies for Company to Deal with the Impact of COVID-19
8.16 Zurich Malaysia Market Performance Analysis
8.16.1 Company Profiles
8.16.2 Takaful Product Profiles, Application and Specification
8.16.3 Zurich Malaysia Sales, Revenue, Price, Gross Margin 2016-2021
8.16.4 Company Recent Development
8.16.5 Strategies for Company to Deal with the Impact of COVID-19
9 Global Takaful Market Analysis and Forecast by Type and Application
9.1 Global Takaful Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Life/Family Takaful Market Revenue and Volume Forecast (2021-2026)
9.1.2 General Takaful Market Revenue and Volume Forecast (2021-2026)
9.2 Global Takaful Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Family Market Revenue and Volume Forecast (2021-2026)
9.2.2 Government Market Revenue and Volume Forecast (2021-2026)
9.2.3 Business Market Revenue and Volume Forecast (2021-2026)
10 Takaful Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Takaful Market Trends Analysis
11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment
12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
 
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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