Surety Market Industry Analysis and Forecast (2024-2030)

Economic growth fuels the surety market's growth. The need for infrastructure development, driving demand for surety bonds. For instance, in India, recent launch of Surety Insurance Bonds supports the government's infrastructure agenda, unlocking capital for contractors and enhancing their bidding capacity. This initiative is crucial as India aims to become a USD 5 trillion economy. Regulatory changes, such as U.S. Small Business Administration increasing statutory contract limits for the Surety Bond Guarantee Program, further boost small business’s ability to secure larger projects, promoting economic growth and job creation.