Global Logistics Insurance Market Size & Outlook

The logistics insurance industry worldwide is expected to reach a projected revenue of US$ 70.4 million by 2030. A compound annual growth rate of 2.8% is expected of the worldwide logistics insurance industry from 2024 to 2030.
Revenue, 2023 (US$M)
$58.1
Forecast, 2030 (US$M)
$70.4
CAGR, 2024 - 2030
2.8%
Report Coverage
Worldwide

Global logistics insurance market highlights

  • The global logistics insurance market generated a revenue of USD 58.1 million in 2023 and is expected to reach USD 70.4 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 2.8% by 2030.
  • In terms of segment, cargo insurance accounted for a revenue of USD 21.3 million in 2023.
  • Cargo Insurance is the most lucrative coverage type segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.
  • Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 58.1 million
Market revenue in 2030USD 70.4 million
Growth rate2.8% (CAGR from 2023 to 2030)
Largest segmentCargo insurance
Fastest growing segmentCargo Insurance
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCargo Insurance, Freight Forwarder Liability Insurance, Marine services liability

Other key industry trends

  • In terms of revenue, the North America accounted for 27.8% of the global logistics insurance market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, UK is the fastest growing regional market and is projected to reach USD 9.9 million by 2030.

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Logistics Insurance Market Scope

Logistics insurance market segmentation & scope
Cargo Insurance
Freight Forwarder Liability Insurance
Marine services liability
Others
Individual
Enterprises
Transportation
Marine
Aviation
Others

Logistics Insurance Market Companies

Name Profile # Employees HQ Website

Global logistics insurance market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to logistics insurance market will help companies and investors design strategic landscapes.


Cargo insurance was the largest segment with a revenue share of 36.66% in 2023. Horizon Databook has segmented the Global logistics insurance market based on cargo insurance, freight forwarder liability insurance, marine services liability covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Logistics Insurance Coverage Type Outlook (Revenue, USD Million, 2018-2030)
    • Cargo Insurance
    • Freight Forwarder Liability Insurance
    • Marine services liability
    • Others
  • Global Logistics Insurance End User Outlook (Revenue, USD Million, 2018-2030)
    • Individual
    • Enterprises
  • Global Logistics Insurance Industry Outlook (Revenue, USD Million, 2018-2030)
    • Transportation
    • Marine
    • Aviation
    • Others

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Target buyers of Global logistics insurance market databook

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Horizon Databook provides a detailed overview of global-level data and insights on the Global logistics insurance market , including forecasts for subscribers. This global databook contains high-level insights into Global logistics insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global logistics insurance market size, by regions, 2018-2030 (US$M)

Top 10 countries: Logistics insurance market size, 2023 (US$M)

Global logistics insurance market share, by coverage type, 2023 & 2030 (%, US$M)

Logistics insurance market: Opportunity assessment by country

Global logistics insurance market, by region, 2023 (US$M)

Global logistics insurance market size, by regions, 2018-2030 (US$M)

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