How big is the logistics insurance market?

The global logistics insurance market size was estimated at USD 56.42 billion in 2022 and is expected to reach USD 58.12 billion in 2023.

What is the logistics insurance market growth?

The global logistics insurance market is expected to grow at a compound annual growth rate of 2.8% from 2023 to 2030 to reach USD 70.46 billion by 2030.

Which segment accounted for the largest logistics insurance market share?

Europe dominated the logistics insurance market with a share of 33.61% in 2022. This is attributable to the well-established logistics infrastructure, large consumer base, and increasing regional manufacturing sector.

Who are the key players in logistics insurance market?

Some key players operating in the logistics insurance market include American International Group, Inc.; Allianz; DB Schenker; Peoples Insurance Agency; United Parcel Service of America, Inc.; AXA SA; Thomas Miller Group; Concord; AsstrA-Associated Traffic AG; and Arch Group.

What are the factors driving the logistics insurance market?

Key factors that are driving the market growth include the rapid growth of the transportation industry in emerging economies and the growing trend of digital insurance.