Asia Pacific Logistics Insurance Market Size & Outlook
The logistics insurance market in Asia Pacific is expected to reach a projected revenue of US$ 21.2 million by 2030. A compound annual growth rate of 4.1% is expected of Asia Pacific logistics insurance market from 2024 to 2030.
- Fintech & Financial Services
- Insurance & InsurTech
- Logistics Insurance Market Outlook
- Insurance & InsurTech
Revenue, 2023 (US$M)
$16.0
Forecast, 2030 (US$M)
$21.2
CAGR, 2024 - 2030
4.1%
Report Coverage
Asia Pacific
Asia Pacific Logistics Insurance Market, 2018-2030 (US$M)
Global Market
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Asia Pacific logistics insurance market highlights
- The Asia Pacific logistics insurance market generated a revenue of USD 16.0 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, cargo insurance was the largest revenue generating coverage type in 2023.
- Cargo Insurance is the most lucrative coverage type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 16.0 million |
| Market revenue in 2030 | USD 21.2 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Cargo insurance |
| Fastest growing segment | Cargo Insurance |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cargo Insurance, Freight Forwarder Liability Insurance, Marine services liability |
| Key market players worldwide | American International Group Inc, Allianz SE, United Parcel Service Inc Class B, AXA SA, Peoples Insurance Agency, Thomas Miller, Concord Group Insurance, Asstra-Associated Traffic AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.5% of the global logistics insurance market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 21.2 million by 2030.
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Logistics Insurance Market Scope
Logistics Insurance Market segmentation & scope
Logistics Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Allianz SE | View profile | 154,862 | Koniginstrasse 28, Munich, BY, Germany, 80802 | www.allianz.com |
| United Parcel Service Inc Class B | View profile | 500,000 | 55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, United States, 30328 | www.ups.com |
| AXA SA | View profile | 110,302 | 25, Avenue Matignon, Paris, France, 75008 | www.axa.com |
| American International Group Inc | View profile | 25,200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | www.aig.com |
| Peoples Insurance Agency | View profile | 51-100 | Waverly, Iowa, United States, North America | peoples-insurance.com |
| Thomas Miller | View profile | 501-1000 | London, England, United Kingdom, Europe | www.thomasmiller.com |
| Concord Group Insurance | View profile | 251-500 | Concord, New Hampshire, United States, North America | concordgroupinsurance.com |
| Asstra-Associated Traffic AG | View profile | 501-1000 | Kiev, Kyyivs'ka Oblast', Ukraine, Europe | asstra.com.ua/ |
Asia Pacific 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 Outlook will help companies and investors design strategic landscapes.
Cargo Insurance was the largest segment with a revenue share of 36.88% in 2023.
Horizon Databook has segmented the Asia Pacific 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.
- Asia Pacific Logistics Insurance Market Coverage Type Outlook (Revenue, USD Million , 2018-2030)
- Cargo Insurance
- Freight Forwarder Liability Insurance
- Marine services liability
- Others
- Asia Pacific Logistics Insurance Market End User Outlook (Revenue, USD Million , 2018-2030)
- Individual
- Enterprises
- Asia Pacific Logistics Insurance Market Industry Outlook (Revenue, USD Million , 2018-2030)
- Transportation
- Marine
- Aviation
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Logistics Insurance Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Logistics Insurance Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Logistics Insurance Market, 2018-2030 (US$M)
Asia Pacific logistics insurance market statistics, by coverage type, 2018-2030 (US$M)
