The Global Logistics Insurance market size was valued at USD 67.11 Billion in 2021 and is projected to reach USD 78.69 Billion by 2028, growing at a CAGR of 2.3% from 2022 to 2028.
The insurance policy that is particularly created to cover the commodities in any mode of transportation, including air, sea, land, and train, is known as Logistics Insurance. It provides coverage for cargo against a broad variety of physical losses or damages to freight resulting from external causes while in transit. The merchandise is transported around the globe via land, sea, train, or air. The likelihood of hauled items and products becoming lost or destroyed throughout the trip is very high. Cargo insurance can help in these situations by covering the loss.
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List of the Key Companies Profiled:
Aon PLC,Atrium Corporation,Beazley Group,Gard AS,Liberty Mutual Insurance,Mitsui Sumitomo Insurance Company Limited,Peoples Insurance Agency,Samsung Fire Marine Insurance Co. Ltd.,Sompo Japan Nipponkoa Insurance Inc.,Swiss Re Ltd,Tokio Marine Holdings Inc and other key players
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With a precise examination of the overall industry, our Logistics Insurance Market report guarantees the highest level of accuracy and reliability. We establish a strong foundation for our findings by leveraging a wide range of primary and secondary sources. Enhancing the comprehensiveness of our evaluation, we utilize industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis. Our study dives deep into the complete market ecosystem of the Logistics Insurance Market, elucidating the functions and interdependencies of various market stakeholders. Through comprehensive segmentation analysis and geographical coverage, we facilitate a profound understanding of regional trends. Additionally, we explore external factors that impact the market dynamics.
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Segmentation of Logistics Insurance Market:
By Type
- Land Cargo Insurance
- Marine Cargo Insurance
- Air Transport Insurance
By Coverage Type
- Cargo Insurance
- Freight Forwarder Liability Insurance
- Marine services liability
- Energy logistics
- Other
By End User
- Individual,
- Enterprises
Logistics Insurance Market Regional Analysis/Insights:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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The latest research on the Logistics Insurance Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Logistics Insurance Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Logistics Insurance Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Covid-19 Impact Analysis On Logistics Insurance Market
The COVID-19 pandemic had a direct impact on logistics companies, which are involved in the flow, storage, and transfer of commodities. Logistics companies enable trade and commerce and assist companies in getting their products to clients as an essential component of value chains both domestically and beyond international borders. Therefore, supply chain interruptions brought on by the pandemic could affect the sector's competitiveness, economic expansion, and job creation.
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