December 15th, 2022
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. As no shipment is ever perfectly secure during transit and insurance is the only method to be compensated if something goes wrong, cargo insurance is crucial to the supply chain business. To handle their specific risks, the insurance sector provides logistics companies with a wide range of coverage options.
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This Logistics Insurance Market Report includes information on the manufacturer, such as shipping, pricing, revenue, interview records, gross profit, and company distribution, among other things. These details assist consumers to learn more about their rivals. The influenced report outlines the significant difficulties that would have influence market growth. They also give extensive facts about the industry's potential to key stakeholders, allowing them to expand their industries and increase sales in certain industries. The research will assist companies who are already in or want to enter this market in analyzing many facets of this domain before investing in or growing their industry in the Logistics Insurance markets.
Key Prominent Players In The Logistics Insurance Market:
· 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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Segmentation of The Logistics Insurance Market
· Land Cargo Insurance
· Marine Cargo Insurance
· Air Transport Insurance
By Coverage Type
· Cargo Insurance
· Freight Forwarder Liability Insurance
· Marine services liability
· Energy logistics
· By End User
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
This segment will develop further over the forecast period due to new trends. An additional new opportunity was the low barrier to investment, so we turned the Logistics Insurance market into a fragmented environment where more entry-level players enter the market. Gradually, it has established itself as one of the best market research companies in the world. With our unique, structured and state-of-the-art approach to creating high-quality market reports, the report includes relevant market insights. Moreover, our team of analysts does not leave anything irreversible while curating the market report according to the requirements of our clients.
Impacts of the COVID-19 pandemic:
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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Global Logistics Insurance market report highlights information regarding the current and future industry trends, and growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
· To analyse and forecast the market size of the global Logistics Insurance market.
· To classify and forecast the global Logistics Insurance market based on application.
· To identify drivers and challenges for the global Logistics Insurance market.
· To examine competitive developments such as mergers and acquisitions, agreements, collaborations, and partnerships, etc., in the global Logistics Insurance market.
· To conduct pricing analysis for the global Logistics Insurance market.
· To identify and analyze the profile of leading players operating in the global Logistics Insurance market.
Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Coverage Type
3.3 By End User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Logistics Insurance Market by Type
5.1 Logistics Insurance Market Overview Snapshot and Growth Engine
5.2 Logistics Insurance Market Overview
5.3 Land Cargo Insurance
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Land Cargo Insurance: Geographic Segmentation
5.4 Marine Cargo Insurance
To Be Continued.
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