Report Details
Introduction
- Projected Market Value – The Global Equipment Breakdown Insurance Market is forecasted to reach USD 152,400 Million by 2035, registering a CAGR of 13.9% from 2020 to 2035, reflecting strong growth potential in industrial and commercial sectors.
- Key Growth Drivers – Increasing industrial automation, deployment of high-value machinery, and the need for uninterrupted operations are driving demand for equipment breakdown insurance worldwide.
- Innovation and Strategic Opportunities – Insurers have opportunities to offer customized policies and leverage technologies such as IoT and predictive maintenance to enhance coverage, reduce claims, and attract new clients globally.
Scenario Planning – Global Equipment Breakdown Insurance Market
- Optimistic Scenario – Rapid adoption of advanced machinery and industrial automation drives demand for comprehensive equipment breakdown insurance. Insurers benefit from high premium growth and expansion into emerging markets with strong industrial activity.
- Pessimistic Scenario – Economic slowdowns or reduced industrial investments result in lower demand for high-value equipment coverage. Increased claims from aging equipment and natural disasters may pressure insurers’ profitability.
- Most Likely Scenario – Steady industrial growth combined with growing awareness of operational risk leads to moderate but consistent market expansion. Technological integration such as IoT and predictive maintenance improves claim management and policy customization.
- Regulatory Impact Scenario – Stricter safety and risk management regulations globally drive mandatory insurance adoption, creating new growth avenues for insurers while requiring continuous policy updates.
- Technological Disruption Scenario – Emergence of AI-driven predictive analytics and real-time monitoring transforms risk assessment and claims processing, offering insurers competitive advantages and improved customer retention.
Segment-Wise Analysis of the Global Equipment Breakdown Insurance Market
1. By Policy Type
1.1 Individual Equipment Breakdown Insurance
1.2 Group / Corporate Equipment Breakdown Insurance
1.3 Industrial Equipment Coverage
1.4 Commercial Equipment Coverage
2. By Coverage Type
2.1 Mechanical Breakdown Coverage
2.2 Electrical & Electronic Equipment Coverage
2.3 Boiler & Pressure Equipment Coverage
2.4 Machinery Breakdown Coverage
2.5 Property Damage & Business Interruption Coverage
3. By Distribution Channel
3.1 Direct Sales
3.2 Insurance Brokers / Agents
3.3 Online / Digital Platforms
4. By End-User
4.1 Manufacturing Industries
4.2 Energy & Utilities
4.3 Construction & Infrastructure
4.4 Healthcare & Pharmaceuticals
4.5 IT & Data Centers
4.6 Hospitality & Retail
5. By Premium Type
5.1 Single Premium
5.2 Regular / Annual Premium
6. By Region – Global Equipment Breakdown Insurance Market
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 France
6.2.4 Italy
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Australia
6.3.6 Rest of Asia-Pacific
6.4 Latin America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of Latin America
6.5 Middle East & Africa
6.5.1 United Arab Emirates
6.5.2 Saudi Arabia
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa
7. Key Players – Global Equipment Breakdown Insurance Market
7.1 Allianz SE
7.2 AXA SA
7.3 Zurich Insurance Group AG
7.4 Chubb Limited
7.5 American International Group, Inc. (AIG)
7.6 Tokio Marine Holdings, Inc.
7.7 Sompo Holdings, Inc.
7.8 The Allstate Corporation
7.9 The Travelers Companies, Inc.
7.10 MetLife, Inc.
7.11 Prudential Financial, Inc.
7.12 Liberty Mutual Insurance Group
7.13 Munich Re Group
7.14 Lloyd’s of London
7.15 Others
Table of Contents (TOC)
1. Introduction
1.1 Market Overview
1.2 Market Dynamics
1.2.1 Drivers
1.2.2 Restraints
1.2.3 Opportunities
1.3 Market Forecast (2020–2035)
2. Market Segmentation
2.1 By Policy Type
2.1.1 Individual Equipment Breakdown Insurance
2.1.2 Group / Corporate Equipment Breakdown Insurance
2.1.3 Industrial Equipment Coverage
2.1.4 Commercial Equipment Coverage
2.2 By Coverage Type
2.2.1 Mechanical Breakdown Coverage
2.2.2 Electrical & Electronic Equipment Coverage
2.2.3 Boiler & Pressure Equipment Coverage
2.2.4 Machinery Breakdown Coverage
2.2.5 Property Damage & Business Interruption Coverage
2.3 By Distribution Channel
2.3.1 Direct Sales
2.3.2 Insurance Brokers / Agents
2.3.3 Online / Digital Platforms
2.4 By End-User
2.4.1 Manufacturing Industries
2.4.2 Energy & Utilities
2.4.3 Construction & Infrastructure
2.4.4 Healthcare & Pharmaceuticals
2.4.5 IT & Data Centers
2.4.6 Hospitality & Retail
2.5 By Premium Type
2.5.1 Single Premium
2.5.2 Regular / Annual Premium
3. Regional Analysis
3.1 North America
3.1.1 United States
3.1.2 Canada
3.1.3 Mexico
3.2 Europe
3.2.1 Germany
3.2.2 United Kingdom
3.2.3 France
3.2.4 Italy
3.2.5 Spain
3.2.6 Rest of Europe
3.3 Asia-Pacific
3.3.1 China
3.3.2 India
3.3.3 Japan
3.3.4 South Korea
3.3.5 Australia
3.3.6 Rest of Asia-Pacific
3.4 Latin America
3.4.1 Brazil
3.4.2 Argentina
3.4.3 Rest of Latin America
3.5 Middle East & Africa
3.5.1 United Arab Emirates
3.5.2 Saudi Arabia
3.5.3 South Africa
3.5.4 Rest of Middle East & Africa
4. Key Players
4.1 Allianz SE
4.2 AXA SA
4.3 Zurich Insurance Group AG
4.4 Chubb Limited
4.5 American International Group, Inc. (AIG)
4.6 Tokio Marine Holdings, Inc.
4.7 Sompo Holdings, Inc.
4.8 The Allstate Corporation
4.9 The Travelers Companies, Inc.
4.10 MetLife, Inc.
4.11 Prudential Financial, Inc.
4.12 Liberty Mutual Insurance Group
4.13 Munich Re Group
4.14 Lloyd’s of London
4.15 FM Global
4.16 HSB (Hartford Steam Boiler Inspection and Insurance Company)
4.17 QBE Insurance
4.18 Berkshire Hathaway
4.19 Swiss Re
5. Market Trends & Opportunities
6. Competitive Landscape & Strategic Initiatives
7. Scenario Planning Analysis
8. Conclusion & Future Outlook
Segment-Wise Analysis of the Global Equipment Breakdown Insurance Market
1. By Policy Type
1.1 Individual Equipment Breakdown Insurance
1.2 Group / Corporate Equipment Breakdown Insurance
1.3 Industrial Equipment Coverage
1.4 Commercial Equipment Coverage
2. By Coverage Type
2.1 Mechanical Breakdown Coverage
2.2 Electrical & Electronic Equipment Coverage
2.3 Boiler & Pressure Equipment Coverage
2.4 Machinery Breakdown Coverage
2.5 Property Damage & Business Interruption Coverage
3. By Distribution Channel
3.1 Direct Sales
3.2 Insurance Brokers / Agents
3.3 Online / Digital Platforms
4. By End-User
4.1 Manufacturing Industries
4.2 Energy & Utilities
4.3 Construction & Infrastructure
4.4 Healthcare & Pharmaceuticals
4.5 IT & Data Centers
4.6 Hospitality & Retail
5. By Premium Type
5.1 Single Premium
5.2 Regular / Annual Premium
6. By Region – Global Equipment Breakdown Insurance Market
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 France
6.2.4 Italy
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Australia
6.3.6 Rest of Asia-Pacific
6.4 Latin America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of Latin America
6.5 Middle East & Africa
6.5.1 United Arab Emirates
6.5.2 Saudi Arabia
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa
7. Key Players – Global Equipment Breakdown Insurance Market
7.1 Allianz SE
7.2 AXA SA
7.3 Zurich Insurance Group AG
7.4 Chubb Limited
7.5 American International Group, Inc. (AIG)
7.6 Tokio Marine Holdings, Inc.
7.7 Sompo Holdings, Inc.
7.8 The Allstate Corporation
7.9 The Travelers Companies, Inc.
7.10 MetLife, Inc.
7.11 Prudential Financial, Inc.
7.12 Liberty Mutual Insurance Group
7.13 Munich Re Group
7.14 Lloyd’s of London
7.15 Others
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Frequently Asked Questions
What is Equipment Breakdown Insurance, and why is it crucial for modern industries?
Equipment Breakdown Insurance (EBI) protects businesses from financial losses due to mechanical, electrical, or pressure equipment failures. In today’s industrial landscape, where high-value machinery drives operations, EBI ensures continuity, minimizes downtime, and safeguards profits against unexpected breakdowns.
Which industries are witnessing the highest demand for Equipment Breakdown Insurance?
Industries such as manufacturing, energy & utilities, healthcare, IT/data centers, and construction are leading the demand for EBI. The increasing adoption of automated machinery and complex equipment makes these sectors highly vulnerable to breakdowns, creating a surge in insurance requirements.
How is technology shaping the future of Equipment Breakdown Insurance?
Technological innovations like IoT-enabled monitoring, predictive maintenance, and AI-driven risk assessment are revolutionizing EBI. These tools allow insurers to anticipate failures, optimize coverage, and reduce claim costs, making policies smarter and more cost-effective for businesses worldwide.
What are the key regional trends influencing the Equipment Breakdown Insurance market?
North America and Europe lead with high adoption rates due to strict regulatory standards and advanced industrialization. Meanwhile, Asia-Pacific is emerging as a fast-growing market, driven by rapid industrial expansion, increasing machinery investments, and rising awareness of operational risk management.
How can businesses choose the right Equipment Breakdown Insurance policy?
Selecting the ideal EBI policy requires evaluating equipment type, operational risk exposure, coverage limits, and insurer reliability. Customized policies that integrate predictive maintenance and business interruption coverage offer maximum protection, ensuring both financial security and uninterrupted operations.