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Market Research Report

Global Equipment Breakdown Insurance Market Insights, Size, and Forecast By End User Industry (Manufacturing, Construction, Transportation, Energy), By Policy Type (Comprehensive, Named Perils, Operational Breakdown), By Coverage Type (Machinery Breakdown, Electrical Breakdown, Boiler and Pressure Vessel Breakdown, Accidental Damage), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035

Report ID:97167
Published Date:Jan 2026
No. of Pages:205
Base Year for Estimate:2025
Format:
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Key Market Insights

Global Equipment Breakdown Insurance Market is projected to grow from USD 26.8 Billion in 2025 to USD 49.5 Billion by 2035, reflecting a compound annual growth rate of 6.7% from 2026 through 2035. This specialized insurance protects businesses from financial losses due to sudden and accidental breakdown of critical equipment. It covers repair or replacement costs, business interruption losses, and other expenses arising from mechanical, electrical, or pressure systems failure. The market is propelled by several key drivers, including the increasing complexity and cost of industrial machinery across various sectors, the growing adoption of automation and advanced technologies which necessitates robust protection, and heightened awareness among businesses about the critical need to mitigate operational risks. Furthermore, stricter regulatory compliance requirements in some industries also contribute to the demand for comprehensive equipment breakdown coverage. However, the market faces restraints such as a lack of awareness among small and medium sized enterprises regarding the benefits of this specialized insurance, and the perception of high premium costs by some businesses. Despite these challenges, significant opportunities exist in developing tailored policies for emerging technologies like IoT and AI driven equipment, as well as expanding into underserved segments and geographies. The manufacturing sector stands as the leading segment, capturing a substantial share of the market due to its heavy reliance on complex machinery and production lines.

Global Equipment Breakdown Insurance Market Value (USD Billion) Analysis, 2025-2035

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6.7%
CAGR from
2025 - 2035
Source:
www.makdatainsights.com

North America holds the dominant position in the global equipment breakdown insurance market. This leadership is attributed to the region's well established industrial infrastructure, high technological adoption rates, and a strong regulatory environment that often mandates or strongly encourages such insurance. The region's businesses, particularly in manufacturing, healthcare, and commercial sectors, have a mature understanding of risk management, leading to a higher penetration of specialized insurance products. Conversely, Asia Pacific is poised to be the fastest growing region. This rapid expansion is driven by robust industrialization, significant infrastructure development, and increasing foreign direct investment across countries like China, India, and Southeast Asian nations. The growing middle class, rising disposable incomes, and subsequent demand for manufactured goods are fueling the expansion of manufacturing and service sectors, thereby increasing the need for equipment breakdown insurance to protect new investments and ensure business continuity. The increasing adoption of advanced manufacturing techniques and smart factory initiatives in the region further contributes to this accelerated growth, as companies seek to safeguard their high value, technologically sophisticated assets.

Key players in this competitive landscape include CNA Insurance, Great American Insurance Group, Chubb, Swiss Re, Zurich Insurance, The Hartford, Travelers, Munich Re, Tata AIG, and QBE Insurance. These companies are employing various strategic initiatives to maintain and expand their market presence. Common strategies involve developing innovative product offerings that cater to evolving technological landscapes, enhancing underwriting capabilities through advanced data analytics, and expanding distribution channels to reach a wider customer base, including small and medium sized enterprises. Strategic partnerships with technology providers and equipment manufacturers are also becoming prevalent, allowing insurers to offer more integrated and comprehensive risk management solutions. Furthermore, a focus on digital transformation, simplifying policy acquisition, and improving claims processing efficiency are crucial for gaining a competitive edge. The emphasis is on providing customized solutions, superior customer service, and leveraging expertise to underwrite complex risks effectively in a dynamic global environment.

Quick Stats

  • Market Size (2025):

    USD 26.8 Billion

  • Projected Market Size (2035):

    USD 49.5 Billion

  • Leading Segment:

    Manufacturing (42.8% Share)

  • Dominant Region (2025):

    North America (38.2% Share)

  • CAGR (2026-2035):

    6.7%

What is Equipment Breakdown Insurance?

Equipment Breakdown Insurance covers financial losses when crucial machinery or systems fail unexpectedly. It addresses physical damage or operational interruption stemming from mechanical breakdown, electrical arcing, motor burnout, or pressure vessel explosion. This specialized coverage extends beyond typical property policies which often exclude such incidents. It pays for repair or replacement of damaged equipment and can include business interruption losses resulting from the breakdown. Its significance lies in protecting businesses from the substantial financial impact of unexpected equipment failures, ensuring continuity and reducing exposure to large, unplanned expenses for essential operational assets.

What are the Trends in Global Equipment Breakdown Insurance Market

  • IoT Telematics Predictive Maintenance Integration

  • Cyber Physical Systems Risk Expansion

  • Renewable Energy Infrastructure Coverage Growth

  • AI Powered Underwriting Claims Efficiency

IoT Telematics Predictive Maintenance Integration

Insurers increasingly leverage IoT telematics for predictive maintenance, shifting from reactive claims to proactive risk management. Sensors in equipment provide real time data on performance and health. This integration enables early detection of potential breakdowns, allowing for timely repairs before failures occur. Insurers benefit from reduced claims frequency and severity, while clients experience less downtime and lower repair costs. This trend enhances risk assessment and fosters value added services.

Cyber Physical Systems Risk Expansion

Cyber Physical Systems risk is growing significantly. Interconnectedness of operational technology and IT systems is increasing vulnerabilities across global equipment. This expansion means more frequent and severe breakdowns due to cyberattacks, software glitches, or automation failures. Insurers face escalating claim complexities and financial exposure as these systems become integral to industrial operations worldwide.

Renewable Energy Infrastructure Coverage Growth

Insurers observe a surge in renewable energy project development globally, from solar farms to wind turbines. This necessitates increased equipment breakdown insurance coverage for these vital assets. The trend reflects a growing need to protect diverse and geographically dispersed renewable infrastructure against operational failures, ensuring continued power generation and financial stability for developers and investors in this expanding sector.

AI Powered Underwriting Claims Efficiency

AI swiftly analyzes complex equipment breakdown claims, flagging anomalies and verifying details. This automates routine assessments, accelerating processing times and reducing manual errors. Insurers achieve higher accuracy in risk evaluation and faster payout cycles, significantly boosting operational efficiency and customer satisfaction across the globe.

What are the Key Drivers Shaping the Global Equipment Breakdown Insurance Market

  • Increasing Industrialization and Infrastructure Development

  • Growing Adoption of Advanced and Complex Machinery

  • Rising Awareness of Equipment Failure Risks and Financial Implications

  • Stringent Regulatory Compliance and Safety Standards

Increasing Industrialization and Infrastructure Development

Global equipment breakdown insurance is driven by a surge in industrial expansion and infrastructure projects worldwide. Factories, power plants, and transportation networks are rapidly developing. This growth necessitates substantial machinery and complex systems. With more sophisticated equipment being deployed, the risk of unexpected breakdowns and the resulting financial losses rises significantly, fueling demand for comprehensive insurance coverage to protect these critical assets.

Growing Adoption of Advanced and Complex Machinery

Businesses increasingly rely on sophisticated machinery, including robotics and automation. These complex systems, while efficient, are prone to breakdowns due to intricate components and software. This rising dependence on advanced equipment directly fuels the demand for specialized insurance that covers unforeseen mechanical or electrical failures, driving growth in the equipment breakdown insurance market.

Rising Awareness of Equipment Failure Risks and Financial Implications

Businesses increasingly recognize the widespread risks and substantial financial losses stemming from sudden equipment failures. This growing awareness prompts greater demand for comprehensive equipment breakdown insurance. Companies seek to mitigate unforeseen repair costs, business interruption expenses, and potential revenue loss, understanding that preventative measures and prompt recovery are crucial for operational stability. This heightened understanding fuels market expansion.

Stringent Regulatory Compliance and Safety Standards

Strict regulatory compliance and safety standards compel businesses to ensure their equipment meets rigorous operational and maintenance benchmarks. Noncompliance results in severe penalties, operational halts, and reputational damage. This pressure drives increased adoption of equipment breakdown insurance to mitigate financial risks associated with inspections, repairs, and legal liabilities from unexpected equipment failures, securing business continuity and adherence to industry mandates.

Global Equipment Breakdown Insurance Market Restraints

Lack of Standardized Coverage and Definitions

Inconsistent policy language and varying definitions of covered perils and equipment across different regions hinder market growth. This lack of uniformity complicates multinational underwriting, leading to confusion for clients and increased administrative burdens for insurers. Diverse regulatory landscapes further exacerbate the challenge, making it difficult to offer standardized global solutions. This forces customized approaches, increasing complexity and cost for both providers and purchasers in a market needing streamlined operations.

High Competition from Established Multiline Insurers

Established multiline insurers with strong brands and extensive distribution networks dominate the global equipment breakdown insurance market. Their substantial financial resources allow for competitive pricing and comprehensive product offerings. These incumbents benefit from long standing customer relationships and superior data analytics capabilities. New entrants and smaller insurers face significant challenges in penetrating this entrenched market. Existing players leverage their scale to offer bundled insurance solutions, further increasing the barrier to entry for specialized breakdown insurers. This intense rivalry limits market share gains for challengers.

Global Equipment Breakdown Insurance Market Opportunities

Leveraging IoT & AI for Predictive Underwriting and Proactive Risk Mitigation

IoT sensors gather real time equipment data, which AI algorithms analyze to predict potential breakdowns with remarkable accuracy. This opportunity allows insurers to implement precise, data driven underwriting models, tailoring premiums to exact risk profiles based on predicted equipment health. Furthermore, it empowers proactive risk mitigation, enabling timely interventions that prevent costly failures and minimize operational downtime for clients. This strategic shift transforms equipment breakdown insurance from reactive claims processing to preventative asset management, enhancing profitability, fostering customer loyalty, and creating significant value across global markets by reducing overall risk.

Expanding Coverage for Emerging Cyber-Physical Equipment Breakdown Risks

Insurers can develop innovative coverage for modern cyber physical equipment increasingly vulnerable to digital threats. As machines integrate cyber elements, traditional breakdown policies are insufficient. The opportunity lies in offering specialized protection against failures stemming from cyberattacks, software glitches, or IoT vulnerabilities. This addresses a critical market gap, safeguarding businesses from costly downtime and repairs linked to advanced operational technology failures, providing essential risk management for a rapidly evolving global industrial landscape.

Global Equipment Breakdown Insurance Market Segmentation Analysis

Key Market Segments

By Coverage Type

  • •Machinery Breakdown
  • •Electrical Breakdown
  • •Boiler and Pressure Vessel Breakdown
  • •Accidental Damage

By End User Industry

  • •Manufacturing
  • •Construction
  • •Transportation
  • •Energy

By Policy Type

  • •Comprehensive
  • •Named Perils
  • •Operational Breakdown

Segment Share By Coverage Type

Share, By Coverage Type, 2025 (%)

  • Machinery Breakdown
  • Electrical Breakdown
  • Boiler and Pressure Vessel Breakdown
  • Accidental Damage
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$26.8BGlobal Market Size, 2025
Source:
www.makdatainsights.com

Why is the Manufacturing sector the leading segment in the Global Equipment Breakdown Insurance Market?

The manufacturing industry holds the largest share due to its extensive reliance on complex and expensive machinery, including production lines, automated systems, and specialized equipment. Any unexpected breakdown can lead to significant production halts, revenue loss, and repair costs. Equipment breakdown insurance offers crucial protection against these operational disruptions, making it an indispensable component for maintaining continuous production and financial stability within this capital intensive sector.

Which coverage types are most critical for mitigating diverse equipment risks across industries?

Machinery Breakdown and Electrical Breakdown coverage types are particularly vital as they address the most common and impactful failures across various industries. Machinery breakdown protects against mechanical failures impacting production and operations, while electrical breakdown covers issues from power surges to short circuits which are pervasive across all modern enterprises. Accidental Damage also gains prominence by offering broader protection beyond specific mechanical or electrical faults.

How do different policy types cater to varied risk appetites and operational complexities?

Comprehensive policies are favored by larger entities or those with intricate operations, offering broad protection against numerous perils and simplifying risk management. Named Perils policies appeal to businesses seeking targeted coverage for specific, high probability risks, allowing for cost optimization. Operational Breakdown policies cater to organizations prioritizing business continuity, providing coverage for financial losses stemming from equipment failures, highlighting a shift towards safeguarding against indirect consequences.

What Regulatory and Policy Factors Shape the Global Equipment Breakdown Insurance Market

The Global Equipment Breakdown Insurance market navigates a complex, fragmented regulatory landscape. Solvency requirements vary significantly across jurisdictions, with frameworks like Solvency II in Europe influencing capital adequacy and risk management. North American regulations often diverge by state, while Asia Pacific and Latin American markets develop their own prudential and conduct standards. Product approval processes are stringent, impacting policy wordings, exclusions, and pricing for machinery and technology risks. Consumer protection laws globally mandate transparent disclosures and fair claims handling practices. Licensing restrictions and data privacy regulations, including GDPR type frameworks, add layers of compliance for multinational insurers. Harmonization remains a challenge, yet regulatory adaptation to emerging technologies like IoT and cyber threats is becoming increasingly vital.

What New Technologies are Shaping Global Equipment Breakdown Insurance Market?

Innovations and emerging technologies are reshaping the global equipment breakdown insurance market. Advanced IoT sensors and AI driven predictive analytics are paramount, enabling real time equipment monitoring and proactive maintenance. This reduces incidents and transforms risk assessment, allowing for dynamic pricing and personalized coverage. Telematics provides granular operational data for precise underwriting across industrial and commercial assets. Digital twin technology aids in virtual modeling and risk simulation, optimizing policy design. Furthermore, blockchain is streamlining claims processes, enhancing transparency and efficiency. These advancements foster a proactive insurance model, minimizing downtime for businesses and promoting substantial market growth through more intelligent, responsive, and tailored solutions.

Global Equipment Breakdown Insurance Market Regional Analysis

Global Equipment Breakdown Insurance Market

Trends, by Region

Largest Market
Fastest Growing Market
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38.2%

North America Market
Revenue Share, 2025

Source:
www.makdatainsights.com

North America dominates the Global Equipment Breakdown Insurance Market, holding a significant 38.2% share. This leadership is driven by several factors. The region's highly industrialized economy features extensive manufacturing, energy, and technology sectors, all heavily reliant on complex machinery. Stringent regulatory frameworks and a developed risk awareness culture among businesses further boost demand for comprehensive insurance solutions. Furthermore, a mature insurance market with numerous providers and innovative product offerings contributes to its strong position. Increased adoption of sophisticated industrial automation and IoT-enabled equipment also fuels the need for specialized breakdown coverage, solidifying North America's continued market dominance.

Europe's Equipment Breakdown Insurance market is robust, driven by its advanced industrial base and stringent regulatory landscape. Germany, with its strong manufacturing sector, leads in market share, followed by the UK and France, both experiencing growth due to industrial digitalization and increasing awareness of cyber risks within equipment. Southern European countries are catching up, spurred by infrastructure upgrades and foreign investment. The market is also influenced by the adoption of IoT and AI for preventative maintenance, leading to more tailored insurance offerings and a shift towards risk management partnerships between insurers and clients.

Asia Pacific leads the Equipment Breakdown Insurance market with a rapid 9.2% CAGR, driven by robust industrialization and infrastructure development. Emerging economies like India and Indonesia are witnessing increased adoption due to a growing manufacturing base and heightened awareness of operational risks. China, a major industrial powerhouse, further fuels demand with its vast machinery and complex production lines. The region's technological advancements and increasing reliance on sophisticated equipment across various sectors, including manufacturing, energy, and construction, necessitate comprehensive breakdown coverage. This trend is amplified by a rising understanding of business interruption costs and the desire for enhanced financial resilience.

Latin America's equipment breakdown insurance market witnesses robust growth driven by industrial expansion, infrastructure development, and increased foreign direct investment. Brazil and Mexico lead in market size, fueled by manufacturing and energy sectors. Chile and Colombia show strong potential due to mining and infrastructure projects. The region faces challenges from economic volatility and political instability, impacting business confidence. However, rising awareness of risk management and the adoption of advanced machinery are propelling market expansion. Local insurers are partnering with global providers to offer comprehensive solutions, addressing diverse industry needs and improving underwriting capabilities.

The Middle East & Africa (MEA) region is a burgeoning market for equipment breakdown insurance. Rapid industrialization, particularly in Gulf Cooperation Council (GCC) countries and South Africa, fuels demand. Energy (oil & gas, renewables), manufacturing, and infrastructure projects are key drivers. MEA is characterized by a high concentration of large industrial facilities and a growing awareness of risk management. Local and international insurers are expanding their offerings, with a focus on customizable policies. Challenges include varying regulatory landscapes and a need for greater awareness among small and medium-sized enterprises. However, strong economic growth and foreign investment promise significant market expansion.

Top Countries Overview

The United States dominates global equipment breakdown insurance. Its robust industrial base and complex machinery drive high demand for coverage against unexpected mechanical failures. Insurers offer specialized policies protecting businesses across diverse sectors from significant financial losses due to equipment breakdown events.

China's global equipment breakdown insurance market is expanding significantly. Rapid industrialization and infrastructure development drive demand. Foreign insurers eye opportunities, navigating regulatory complexities. Local players are enhancing expertise and product offerings. This growth reflects China's increasing role in the global insurance landscape for commercial and industrial risks.

India is a growing market for global equipment breakdown insurance. Rapid industrialization and infrastructure development fuel demand. Insurers are expanding to cover diverse machinery across sectors. Underwriting focuses on asset value, maintenance, and operational integrity for competitive premium generation. Loss prevention services are increasingly valued.

Impact of Geopolitical and Macroeconomic Factors

Geopolitical instability, particularly cyber warfare, significantly impacts Equipment Breakdown Insurance. Increased state sponsored attacks and sophisticated ransomware campaigns elevate risk for critical infrastructure and manufacturing, leading insurers to re evaluate cyber exclusions and pricing. Trade disputes and supply chain disruptions for crucial spare parts prolong repair times, increasing business interruption claims.

Macroeconomic factors include persistent inflation driving up equipment repair and replacement costs, necessitating higher coverage limits and premiums. Rising interest rates affect capital investment in new, more resilient equipment, potentially leaving older, more prone to breakdown machinery insurable at higher risk premiums. Global economic slowdowns can reduce new construction projects, impacting demand for coverage on new installations.

Recent Developments

  • March 2025

    CNA Insurance launched an enhanced 'Smart Risk' equipment breakdown policy tailored for the manufacturing sector. This new offering integrates predictive maintenance analytics and IoT data to offer dynamic premium adjustments and more tailored coverage options, moving beyond traditional reactive claim models.

  • January 2025

    Zurich Insurance announced a strategic partnership with a leading AI-driven industrial IoT platform provider. This collaboration aims to develop advanced risk assessment models for complex machinery, allowing Zurich to offer more precise underwriting and preventative risk management services to its corporate clients globally.

  • February 2025

    Swiss Re unveiled a new parametric insurance solution specifically for renewable energy infrastructure equipment breakdown. This innovative product provides immediate payouts based on predefined triggers related to power generation output shortfalls due to equipment failure, simplifying the claims process for wind and solar farm operators.

  • April 2025

    Great American Insurance Group acquired a niche MGA specializing in robotics and automation insurance. This acquisition strengthens Great American's capabilities in underwriting highly specialized and emerging technology risks within the equipment breakdown market, particularly in the rapidly expanding industrial automation segment.

  • May 2025

    The Hartford initiated a global strategic initiative focused on 'Cyber-Physical Resilience' for equipment breakdown. This program aims to offer integrated coverage and risk mitigation services addressing both traditional mechanical failures and cyber-induced operational disruptions to industrial control systems and connected equipment.

Key Players Analysis

The global equipment breakdown insurance market sees key players like Chubb, CNA, and Zurich driving growth with comprehensive coverage. Reinsurers such as Swiss Re and Munich Re provide essential capacity. These companies leverage advanced analytics and IoT for risk assessment and predictive maintenance, enhancing their offerings. Strategic initiatives include expanding into new sectors like renewable energy and refining tailored solutions for diverse industries. The increasing complexity of industrial machinery and growing awareness of operational risks are key market growth drivers, pushing innovation in policy design and claims management across all major players.

List of Key Companies:

  1. CNA Insurance
  2. Great American Insurance Group
  3. Chubb
  4. Swiss Re
  5. Zurich Insurance
  6. The Hartford
  7. Travelers
  8. Munich Re
  9. Tata AIG
  10. QBE Insurance
  11. Allianz
  12. Liberty Mutual
  13. AXA
  14. Markel Corporation
  15. AIG
  16. Berkshire Hathaway

Report Scope and Segmentation

Report ComponentDescription
Market Size (2025)USD 26.8 Billion
Forecast Value (2035)USD 49.5 Billion
CAGR (2026-2035)6.7%
Base Year2025
Historical Period2020-2025
Forecast Period2026-2035
Segments Covered
  • By Coverage Type:
    • •Machinery Breakdown
    • •Electrical Breakdown
    • •Boiler and Pressure Vessel Breakdown
    • •Accidental Damage
  • By End User Industry:
    • •Manufacturing
    • •Construction
    • •Transportation
    • •Energy
  • By Policy Type:
    • •Comprehensive
    • •Named Perils
    • •Operational Breakdown
Regional Analysis
  • North America
  • • United States
  • • Canada
  • Europe
  • • Germany
  • • France
  • • United Kingdom
  • • Spain
  • • Italy
  • • Russia
  • • Rest of Europe
  • Asia-Pacific
  • • China
  • • India
  • • Japan
  • • South Korea
  • • New Zealand
  • • Singapore
  • • Vietnam
  • • Indonesia
  • • Rest of Asia-Pacific
  • Latin America
  • • Brazil
  • • Mexico
  • • Rest of Latin America
  • Middle East and Africa
  • • South Africa
  • • Saudi Arabia
  • • UAE
  • • Rest of Middle East and Africa

Table of Contents:

1. Introduction
1.1. Objectives of Research
1.2. Market Definition
1.3. Market Scope
1.4. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Market Factor Analysis
4.1. Porter's Five Forces Model Analysis
4.1.1. Rivalry among Existing Competitors
4.1.2. Bargaining Power of Buyers
4.1.3. Bargaining Power of Suppliers
4.1.4. Threat of Substitute Products or Services
4.1.5. Threat of New Entrants
4.2. PESTEL Analysis
4.2.1. Political Factors
4.2.2. Economic & Social Factors
4.2.3. Technological Factors
4.2.4. Environmental Factors
4.2.5. Legal Factors
4.3. Supply and Value Chain Assessment
4.4. Regulatory and Policy Environment Review
4.5. Market Investment Attractiveness Index
4.6. Technological Innovation and Advancement Review
4.7. Impact of Geopolitical and Macroeconomic Factors
4.8. Trade Dynamics: Import-Export Assessment (Where Applicable)
5. Global Equipment Breakdown Insurance Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
5.1. Market Analysis, Insights and Forecast, 2020-2035, By Coverage Type
5.1.1. Machinery Breakdown
5.1.2. Electrical Breakdown
5.1.3. Boiler and Pressure Vessel Breakdown
5.1.4. Accidental Damage
5.2. Market Analysis, Insights and Forecast, 2020-2035, By End User Industry
5.2.1. Manufacturing
5.2.2. Construction
5.2.3. Transportation
5.2.4. Energy
5.3. Market Analysis, Insights and Forecast, 2020-2035, By Policy Type
5.3.1. Comprehensive
5.3.2. Named Perils
5.3.3. Operational Breakdown
5.4. Market Analysis, Insights and Forecast, 2020-2035, By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia-Pacific
5.4.4. Latin America
5.4.5. Middle East and Africa
6. North America Equipment Breakdown Insurance Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
6.1. Market Analysis, Insights and Forecast, 2020-2035, By Coverage Type
6.1.1. Machinery Breakdown
6.1.2. Electrical Breakdown
6.1.3. Boiler and Pressure Vessel Breakdown
6.1.4. Accidental Damage
6.2. Market Analysis, Insights and Forecast, 2020-2035, By End User Industry
6.2.1. Manufacturing
6.2.2. Construction
6.2.3. Transportation
6.2.4. Energy
6.3. Market Analysis, Insights and Forecast, 2020-2035, By Policy Type
6.3.1. Comprehensive
6.3.2. Named Perils
6.3.3. Operational Breakdown
6.4. Market Analysis, Insights and Forecast, 2020-2035, By Country
6.4.1. United States
6.4.2. Canada
7. Europe Equipment Breakdown Insurance Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
7.1. Market Analysis, Insights and Forecast, 2020-2035, By Coverage Type
7.1.1. Machinery Breakdown
7.1.2. Electrical Breakdown
7.1.3. Boiler and Pressure Vessel Breakdown
7.1.4. Accidental Damage
7.2. Market Analysis, Insights and Forecast, 2020-2035, By End User Industry
7.2.1. Manufacturing
7.2.2. Construction
7.2.3. Transportation
7.2.4. Energy
7.3. Market Analysis, Insights and Forecast, 2020-2035, By Policy Type
7.3.1. Comprehensive
7.3.2. Named Perils
7.3.3. Operational Breakdown
7.4. Market Analysis, Insights and Forecast, 2020-2035, By Country
7.4.1. Germany
7.4.2. France
7.4.3. United Kingdom
7.4.4. Spain
7.4.5. Italy
7.4.6. Russia
7.4.7. Rest of Europe
8. Asia-Pacific Equipment Breakdown Insurance Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
8.1. Market Analysis, Insights and Forecast, 2020-2035, By Coverage Type
8.1.1. Machinery Breakdown
8.1.2. Electrical Breakdown
8.1.3. Boiler and Pressure Vessel Breakdown
8.1.4. Accidental Damage
8.2. Market Analysis, Insights and Forecast, 2020-2035, By End User Industry
8.2.1. Manufacturing
8.2.2. Construction
8.2.3. Transportation
8.2.4. Energy
8.3. Market Analysis, Insights and Forecast, 2020-2035, By Policy Type
8.3.1. Comprehensive
8.3.2. Named Perils
8.3.3. Operational Breakdown
8.4. Market Analysis, Insights and Forecast, 2020-2035, By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. South Korea
8.4.5. New Zealand
8.4.6. Singapore
8.4.7. Vietnam
8.4.8. Indonesia
8.4.9. Rest of Asia-Pacific
9. Latin America Equipment Breakdown Insurance Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
9.1. Market Analysis, Insights and Forecast, 2020-2035, By Coverage Type
9.1.1. Machinery Breakdown
9.1.2. Electrical Breakdown
9.1.3. Boiler and Pressure Vessel Breakdown
9.1.4. Accidental Damage
9.2. Market Analysis, Insights and Forecast, 2020-2035, By End User Industry
9.2.1. Manufacturing
9.2.2. Construction
9.2.3. Transportation
9.2.4. Energy
9.3. Market Analysis, Insights and Forecast, 2020-2035, By Policy Type
9.3.1. Comprehensive
9.3.2. Named Perils
9.3.3. Operational Breakdown
9.4. Market Analysis, Insights and Forecast, 2020-2035, By Country
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Rest of Latin America
10. Middle East and Africa Equipment Breakdown Insurance Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
10.1. Market Analysis, Insights and Forecast, 2020-2035, By Coverage Type
10.1.1. Machinery Breakdown
10.1.2. Electrical Breakdown
10.1.3. Boiler and Pressure Vessel Breakdown
10.1.4. Accidental Damage
10.2. Market Analysis, Insights and Forecast, 2020-2035, By End User Industry
10.2.1. Manufacturing
10.2.2. Construction
10.2.3. Transportation
10.2.4. Energy
10.3. Market Analysis, Insights and Forecast, 2020-2035, By Policy Type
10.3.1. Comprehensive
10.3.2. Named Perils
10.3.3. Operational Breakdown
10.4. Market Analysis, Insights and Forecast, 2020-2035, By Country
10.4.1. South Africa
10.4.2. Saudi Arabia
10.4.3. UAE
10.4.4. Rest of Middle East and Africa
11. Competitive Analysis and Company Profiles
11.1. Market Share of Key Players
11.1.1. Global Company Market Share
11.1.2. Regional/Sub-Regional Company Market Share
11.2. Company Profiles
11.2.1. CNA Insurance
11.2.1.1. Business Overview
11.2.1.2. Products Offering
11.2.1.3. Financial Insights (Based on Availability)
11.2.1.4. Company Market Share Analysis
11.2.1.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.1.6. Strategy
11.2.1.7. SWOT Analysis
11.2.2. Great American Insurance Group
11.2.2.1. Business Overview
11.2.2.2. Products Offering
11.2.2.3. Financial Insights (Based on Availability)
11.2.2.4. Company Market Share Analysis
11.2.2.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.2.6. Strategy
11.2.2.7. SWOT Analysis
11.2.3. Chubb
11.2.3.1. Business Overview
11.2.3.2. Products Offering
11.2.3.3. Financial Insights (Based on Availability)
11.2.3.4. Company Market Share Analysis
11.2.3.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.3.6. Strategy
11.2.3.7. SWOT Analysis
11.2.4. Swiss Re
11.2.4.1. Business Overview
11.2.4.2. Products Offering
11.2.4.3. Financial Insights (Based on Availability)
11.2.4.4. Company Market Share Analysis
11.2.4.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.4.6. Strategy
11.2.4.7. SWOT Analysis
11.2.5. Zurich Insurance
11.2.5.1. Business Overview
11.2.5.2. Products Offering
11.2.5.3. Financial Insights (Based on Availability)
11.2.5.4. Company Market Share Analysis
11.2.5.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.5.6. Strategy
11.2.5.7. SWOT Analysis
11.2.6. The Hartford
11.2.6.1. Business Overview
11.2.6.2. Products Offering
11.2.6.3. Financial Insights (Based on Availability)
11.2.6.4. Company Market Share Analysis
11.2.6.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.6.6. Strategy
11.2.6.7. SWOT Analysis
11.2.7. Travelers
11.2.7.1. Business Overview
11.2.7.2. Products Offering
11.2.7.3. Financial Insights (Based on Availability)
11.2.7.4. Company Market Share Analysis
11.2.7.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.7.6. Strategy
11.2.7.7. SWOT Analysis
11.2.8. Munich Re
11.2.8.1. Business Overview
11.2.8.2. Products Offering
11.2.8.3. Financial Insights (Based on Availability)
11.2.8.4. Company Market Share Analysis
11.2.8.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.8.6. Strategy
11.2.8.7. SWOT Analysis
11.2.9. Tata AIG
11.2.9.1. Business Overview
11.2.9.2. Products Offering
11.2.9.3. Financial Insights (Based on Availability)
11.2.9.4. Company Market Share Analysis
11.2.9.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.9.6. Strategy
11.2.9.7. SWOT Analysis
11.2.10. QBE Insurance
11.2.10.1. Business Overview
11.2.10.2. Products Offering
11.2.10.3. Financial Insights (Based on Availability)
11.2.10.4. Company Market Share Analysis
11.2.10.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.10.6. Strategy
11.2.10.7. SWOT Analysis
11.2.11. Allianz
11.2.11.1. Business Overview
11.2.11.2. Products Offering
11.2.11.3. Financial Insights (Based on Availability)
11.2.11.4. Company Market Share Analysis
11.2.11.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.11.6. Strategy
11.2.11.7. SWOT Analysis
11.2.12. Liberty Mutual
11.2.12.1. Business Overview
11.2.12.2. Products Offering
11.2.12.3. Financial Insights (Based on Availability)
11.2.12.4. Company Market Share Analysis
11.2.12.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.12.6. Strategy
11.2.12.7. SWOT Analysis
11.2.13. AXA
11.2.13.1. Business Overview
11.2.13.2. Products Offering
11.2.13.3. Financial Insights (Based on Availability)
11.2.13.4. Company Market Share Analysis
11.2.13.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.13.6. Strategy
11.2.13.7. SWOT Analysis
11.2.14. Markel Corporation
11.2.14.1. Business Overview
11.2.14.2. Products Offering
11.2.14.3. Financial Insights (Based on Availability)
11.2.14.4. Company Market Share Analysis
11.2.14.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.14.6. Strategy
11.2.14.7. SWOT Analysis
11.2.15. AIG
11.2.15.1. Business Overview
11.2.15.2. Products Offering
11.2.15.3. Financial Insights (Based on Availability)
11.2.15.4. Company Market Share Analysis
11.2.15.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.15.6. Strategy
11.2.15.7. SWOT Analysis
11.2.16. Berkshire Hathaway
11.2.16.1. Business Overview
11.2.16.2. Products Offering
11.2.16.3. Financial Insights (Based on Availability)
11.2.16.4. Company Market Share Analysis
11.2.16.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.16.6. Strategy
11.2.16.7. SWOT Analysis

List of Figures

List of Tables

Table 1: Global Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035

Table 2: Global Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by End User Industry, 2020-2035

Table 3: Global Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035

Table 4: Global Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Region, 2020-2035

Table 5: North America Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035

Table 6: North America Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by End User Industry, 2020-2035

Table 7: North America Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035

Table 8: North America Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Country, 2020-2035

Table 9: Europe Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035

Table 10: Europe Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by End User Industry, 2020-2035

Table 11: Europe Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035

Table 12: Europe Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 13: Asia Pacific Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035

Table 14: Asia Pacific Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by End User Industry, 2020-2035

Table 15: Asia Pacific Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035

Table 16: Asia Pacific Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 17: Latin America Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035

Table 18: Latin America Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by End User Industry, 2020-2035

Table 19: Latin America Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035

Table 20: Latin America Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 21: Middle East & Africa Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035

Table 22: Middle East & Africa Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by End User Industry, 2020-2035

Table 23: Middle East & Africa Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035

Table 24: Middle East & Africa Equipment Breakdown Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

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