Product Code: ETC13358418 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Convertible Bond Market was valued at USD 0.91 Billion in 2024 and is expected to reach USD 1.47 Billion by 2031, growing at a compound annual growth rate of 6.90% during the forecast period (2025-2031).
The Global Convertible Bond Market is a segment of the broader bond market where investors can purchase bonds that can be converted into a predetermined number of shares of the issuing company`s stock. These hybrid securities offer investors the potential for both fixed income from the bond component and equity-like returns through the conversion feature. Convertible bonds are attractive to investors seeking a balance between income and growth potential, as they provide downside protection with the bond`s principal repayment at maturity while allowing participation in the potential upside of the company`s stock price. The market for convertible bonds has grown significantly in recent years due to the demand for diversification and the unique risk-return profile they offer, appealing to both fixed income and equity investors.
The Global Convertible Bond Market is experiencing growth due to increasing investor demand for hybrid securities offering fixed income with potential equity upside. With low interest rates, companies are issuing more convertible bonds to raise capital at attractive terms, driving market activity. Additionally, the rise of environmental, social, and governance (ESG) investing has led to a focus on sustainable and socially responsible convertible bonds. Opportunities exist for investors to diversify portfolios, benefit from potential equity appreciation, and participate in green financing initiatives. As the market continues to evolve, innovations such as structured products and customized convertible bonds tailored to specific investor objectives are emerging, providing further avenues for growth and investment opportunities in the Global Convertible Bond Market.
The Global Convertible Bond Market faces several challenges, including liquidity issues due to the complex nature of convertible bonds, which can make them less attractive to investors. Additionally, fluctuating interest rates and market conditions can impact the value of convertibles, leading to increased volatility and risk. Another challenge is the lack of awareness and understanding among investors about convertible bonds, which can hinder their adoption and usage in portfolios. Furthermore, regulatory changes and economic uncertainties can also pose challenges for the Global Convertible Bond Market, requiring issuers and investors to stay informed and adaptable in order to navigate these obstacles effectively.
The Global Convertible Bond Market is primarily driven by the potential for investors to benefit from both equity and fixed income components within a single security. Convertible bonds offer investors the opportunity to participate in the potential upside of the underlying stock while providing downside protection through the bond`s fixed income characteristics. Additionally, in a low-interest-rate environment, convertible bonds become an attractive investment option as they offer higher yields compared to traditional bonds. The flexibility and diversification benefits of convertible bonds also attract investors looking to manage risk while seeking potential capital appreciation. Overall, the Global Convertible Bond Market is driven by the unique combination of equity and fixed income features, attractive yields, and risk management capabilities that these securities offer to investors.
Government policies related to the Global Convertible Bond Market can vary across different countries but generally aim to regulate the issuance, trading, and disclosure requirements of convertible bonds to ensure transparency and investor protection. These policies may include guidelines on the structuring of convertible bonds, reporting standards, and restrictions on insider trading. Additionally, governments may also implement tax policies that impact the attractiveness of convertible bonds as an investment option. It is important for market participants to stay informed about these policies to navigate the convertible bond market effectively and make informed investment decisions.
The Global Convertible Bond Market is expected to experience steady growth in the coming years, driven by various factors such as increasing interest from both institutional and retail investors seeking a balance between fixed income and equity exposure, as well as companies looking for alternative funding sources. With the ongoing trend of low interest rates and market volatility, convertible bonds offer a unique investment opportunity by providing downside protection while participating in the potential upside of the underlying equity. Additionally, the growing popularity of sustainable and ESG-focused investing may further boost demand for convertible bonds issued by companies with strong environmental, social, and governance practices. Overall, the outlook for the Global Convertible Bond Market appears positive, with continued growth and opportunities for investors seeking diversification and risk management within their portfolios.
The Global Convertible Bond Market is exhibiting varying trends across different regions. In Asia, particularly in China and India, there is a growing interest in convertible bonds due to their hybrid nature offering the upside potential of equities and the downside protection of bonds. North America remains a dominant player in the market, with a high volume of issuance driven by tech companies looking for flexible financing options. In Europe, convertible bond activity is picking up, especially in the healthcare and technology sectors. The Middle East and Africa region is witnessing a slow but steady growth in convertible bond issuance, supported by favorable regulatory environments. Latin America is showing potential for increased use of convertible bonds as companies seek alternative funding sources amidst economic uncertainties.
Global Convertible Bond Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Convertible Bond Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Convertible Bond Market Revenues & Volume, 2021 & 2031F |
3.3 Global Convertible Bond Market - Industry Life Cycle |
3.4 Global Convertible Bond Market - Porter's Five Forces |
3.5 Global Convertible Bond Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Convertible Bond Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Convertible Bond Market Revenues & Volume Share, By Issuer Type, 2021 & 2031F |
3.8 Global Convertible Bond Market Revenues & Volume Share, By Industry, 2021 & 2031F |
3.9 Global Convertible Bond Market Revenues & Volume Share, By Investor Type, 2021 & 2031F |
4 Global Convertible Bond Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Convertible Bond Market Trends |
6 Global Convertible Bond Market, 2021 - 2031 |
6.1 Global Convertible Bond Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Convertible Bond Market, Revenues & Volume, By Vanilla Convertible Bonds, 2021 - 2031 |
6.1.3 Global Convertible Bond Market, Revenues & Volume, By Mandatory Convertibles, 2021 - 2031 |
6.1.4 Global Convertible Bond Market, Revenues & Volume, By Reverse Convertibles, 2021 - 2031 |
6.1.5 Global Convertible Bond Market, Revenues & Volume, By Exchangeable Bonds, 2021 - 2031 |
6.2 Global Convertible Bond Market, Revenues & Volume, By Issuer Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Convertible Bond Market, Revenues & Volume, By Corporate, 2021 - 2031 |
6.2.3 Global Convertible Bond Market, Revenues & Volume, By Government, 2021 - 2031 |
6.2.4 Global Convertible Bond Market, Revenues & Volume, By Financial Institutions, 2021 - 2031 |
6.3 Global Convertible Bond Market, Revenues & Volume, By Industry, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Convertible Bond Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.3.3 Global Convertible Bond Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.3.4 Global Convertible Bond Market, Revenues & Volume, By Energy, 2021 - 2031 |
6.3.5 Global Convertible Bond Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.4 Global Convertible Bond Market, Revenues & Volume, By Investor Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Convertible Bond Market, Revenues & Volume, By Institutional Investors, 2021 - 2031 |
6.4.3 Global Convertible Bond Market, Revenues & Volume, By Retail Investors, 2021 - 2031 |
6.4.4 Global Convertible Bond Market, Revenues & Volume, By Hedge Funds, 2021 - 2031 |
6.4.5 Global Convertible Bond Market, Revenues & Volume, By Private Equity, 2021 - 2031 |
7 North America Convertible Bond Market, Overview & Analysis |
7.1 North America Convertible Bond Market Revenues & Volume, 2021 - 2031 |
7.2 North America Convertible Bond Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Convertible Bond Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Convertible Bond Market, Revenues & Volume, By Issuer Type, 2021 - 2031 |
7.5 North America Convertible Bond Market, Revenues & Volume, By Industry, 2021 - 2031 |
7.6 North America Convertible Bond Market, Revenues & Volume, By Investor Type, 2021 - 2031 |
8 Latin America (LATAM) Convertible Bond Market, Overview & Analysis |
8.1 Latin America (LATAM) Convertible Bond Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Convertible Bond Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Convertible Bond Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Convertible Bond Market, Revenues & Volume, By Issuer Type, 2021 - 2031 |
8.5 Latin America (LATAM) Convertible Bond Market, Revenues & Volume, By Industry, 2021 - 2031 |
8.6 Latin America (LATAM) Convertible Bond Market, Revenues & Volume, By Investor Type, 2021 - 2031 |
9 Asia Convertible Bond Market, Overview & Analysis |
9.1 Asia Convertible Bond Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Convertible Bond Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Convertible Bond Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Convertible Bond Market, Revenues & Volume, By Issuer Type, 2021 - 2031 |
9.5 Asia Convertible Bond Market, Revenues & Volume, By Industry, 2021 - 2031 |
9.6 Asia Convertible Bond Market, Revenues & Volume, By Investor Type, 2021 - 2031 |
10 Africa Convertible Bond Market, Overview & Analysis |
10.1 Africa Convertible Bond Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Convertible Bond Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Convertible Bond Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Convertible Bond Market, Revenues & Volume, By Issuer Type, 2021 - 2031 |
10.5 Africa Convertible Bond Market, Revenues & Volume, By Industry, 2021 - 2031 |
10.6 Africa Convertible Bond Market, Revenues & Volume, By Investor Type, 2021 - 2031 |
11 Europe Convertible Bond Market, Overview & Analysis |
11.1 Europe Convertible Bond Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Convertible Bond Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Convertible Bond Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Convertible Bond Market, Revenues & Volume, By Issuer Type, 2021 - 2031 |
11.5 Europe Convertible Bond Market, Revenues & Volume, By Industry, 2021 - 2031 |
11.6 Europe Convertible Bond Market, Revenues & Volume, By Investor Type, 2021 - 2031 |
12 Middle East Convertible Bond Market, Overview & Analysis |
12.1 Middle East Convertible Bond Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Convertible Bond Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Convertible Bond Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Convertible Bond Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Convertible Bond Market, Revenues & Volume, By Issuer Type, 2021 - 2031 |
12.5 Middle East Convertible Bond Market, Revenues & Volume, By Industry, 2021 - 2031 |
12.6 Middle East Convertible Bond Market, Revenues & Volume, By Investor Type, 2021 - 2031 |
13 Global Convertible Bond Market Key Performance Indicators |
14 Global Convertible Bond Market - Export/Import By Countries Assessment |
15 Global Convertible Bond Market - Opportunity Assessment |
15.1 Global Convertible Bond Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Convertible Bond Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Convertible Bond Market Opportunity Assessment, By Issuer Type, 2021 & 2031F |
15.4 Global Convertible Bond Market Opportunity Assessment, By Industry, 2021 & 2031F |
15.5 Global Convertible Bond Market Opportunity Assessment, By Investor Type, 2021 & 2031F |
16 Global Convertible Bond Market - Competitive Landscape |
16.1 Global Convertible Bond Market Revenue Share, By Companies, 2024 |
16.2 Global Convertible Bond Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |