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Logistics Insurance Market - Global Industry Analysis

Logistics Insurance Market By Industry (Transportation, Marine, Aviation and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 05-Aug-2021 Category: Heavy Industry Report Format : PDF Pages: 120 Report Code: ZMR-2960 Status : Published

The logistics insurance market accounted for USD 46.35 Billion in 2020 and is expected to reach USD 77.85 Billion by 2028, growing at a CAGR of 6.95% from 2021 to 2028.

Description

Market Overview

The logistics insurance market accounted for USD 46.35 Billion in 2020 and is expected to reach USD 77.85 Billion by 2028, growing at a CAGR of 6.95% from 2021 to 2028.

Logistics insurance protects businesses against damage or loss caused by disruptions in the logistics chain. In exchange for a premium, logistics insurance promises compensation in the event of damage/injury/loss. This is a type of risk management.

Global Logistics Insurance Market Size

COVID-19 Impact Analysis

The impact of covid on logistics insurance market is less severe as compared to other markets. Since the outbreak of the virus, Logistics market did see a dip, yet loss is not much substantial. Due to the disruptions in logistics hubs and trade routes, it is evident to see disruptions in operations too. Mobile based technologies though showed some respite to the logistic insurers as they may function in areas hit by covid-19, but if the service remains offshore, they may have limited or no access to work remotely.

Growth Factors

The rapid growth of the transportation industry in emerging countries has been fueled by increased foreign direct investment; the establishment of free trade zones and increased globalization are few of the major factors boosting market growth. The use of digital technologies allows the company to capitalize on new opportunities for higher premiums, increased governance, better risk selection and improved customer experience. Insurers all over the world are implementing newer technologies and embracing cloud- and mobile-based technologies to improve their services.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Industry Segment Analysis Preview

The Industry segment is growing at a CAGR of XX% in 2020. The marine sector dominated the segment in 2020 and is expected to follow the same trend during the forecast period. This is attributed to the rapid growth in port development in emerging countries. The contribution of cargo holders has increased as the deductible and premium value of vessels has been reduced. Because of the risk associated with water transportation, the latter is the most important of the four modes of transportation, which are road, air, rail, and water. This is due to a variety of natural occurrences such as storms, pirates, and so on. The global logistics insurance market has been divided into transportation, marine, aviation and others.

Global Logistics Insurance Market Share

Regional Analysis Preview

Europe accounted for a share of around 34% in 2020. Europe accounted for a sizable portion and grew to become one of the industry's most influential markets. The presence of established Logistics Infrastructure players along with the rise in digital insurance is the primary factors bolstering the region's dominance. The region is also likely to stimulate growth by automating regulatory compliance. Government regulatory initiatives play an important role in determining the price of policies, which should have an impact on the industry as a driver.

Rapid market growth is expected in Asia Pacific as a result of the growing logistics development in emerging economies such as China and India, which will likely offer many opportunities for the logistics insurance market. Developing countries, like Korea, India, Japan and China, have made steady progress in recent years, with promising growth prospects in the Asia-Pacific region. The region's increasing infrastructure expenditure is expected to drive growth during the forecast period.

Key Market Players & Competitive Landscape

Some of key players in logistics insurance market are llianz SE, Dawson Companies, American International Group, Inc., DB Schenker, G4S International Logistics, AGCS Aon, AXA, Integrity Transportation Insurance Agency, Liberty Mutual Insurance and Marsh among others.

Global Logistics Insurance Market Regional Analysis

The logistics insurance market is segmented as follows:

By Industry

  • Transportation
  • Marine
  • Insurance
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Logistics Insurance Market, 2020 – 2028 ()
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 ()
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 ()
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Logistics Insurance Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Marine Insurance
      • 4.2.1. Market Size and Forecast, By Region ()
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Inland Insurance
      • 4.3.1. Market Size and Forecast, By Region ()
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Aviation Insurance
      • 4.4.1. Market Size and Forecast, By Region ()
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Logistics Insurance Market – Regional Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2020 – 2028 ()
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2020 – 2028 ()
      • 5.2.2. North America Market Revenue, By Type, 2020 – 2028
      • 5.2.3. U.S.
        • 5.2.3.1. U.S. Market Revenue, By Type, 2020 – 2028
      • 5.2.4. Canada
        • 5.2.4.1. Canada Market Revenue, By Type, 2020 – 2028
      • 5.2.5. Mexico
        • 5.2.5.1. Mexico Market Revenue, By Type, 2020 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2020 – 2028 ()
      • 5.3.2. Europe Market Revenue, By Type, 2020 – 2028
      • 5.3.3. Germany
        • 5.3.3.1. Germany Market Revenue, By Type, 2020 – 2028
      • 5.3.4. France
        • 5.3.4.1. France Market Revenue, By Type, 2020 – 2028
      • 5.3.5. U.K.
        • 5.3.5.1. U.K. Market Revenue, By Type, 2020 – 2028
      • 5.3.6. Italy
        • 5.3.6.1. Italy Market Revenue, By Type, 2020 – 2028
      • 5.3.7. Spain
        • 5.3.7.1. Spain Market Revenue, By Type, 2020 – 2028
      • 5.3.8. Rest of Europe
        • 5.3.8.1. Rest of Europe Market Revenue, By Type, 2020 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2020 – 2028 ()
      • 5.4.2. Asia Pacific Market Revenue, By Type, 2020 – 2028
      • 5.4.3. China
        • 5.4.3.1. China Market Revenue, By Type, 2020 – 2028
      • 5.4.4. Japan
        • 5.4.4.1. Japan Market Revenue, By Type, 2020 – 2028
      • 5.4.5. India
        • 5.4.5.1. India Market Revenue, By Type, 2020 – 2028
      • 5.4.6. South Korea
        • 5.4.6.1. South Korea Market Revenue, By Type, 2020 – 2028
      • 5.4.7. South-East Asia
        • 5.4.7.1. South-East Asia Market Revenue, By Type, 2020 – 2028
      • 5.4.8. Rest of Asia Pacific
        • 5.4.8.1. Rest of Asia Pacific Market Revenue, By Type, 2020 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2020 – 2028 ()
      • 5.5.2. Latin America Market Revenue, By Type, 2020 – 2028
      • 5.5.3. Brazil
        • 5.5.3.1. Brazil Market Revenue, By Type, 2020 – 2028
      • 5.5.4. Argentina
        • 5.5.4.1. Argentina Market Revenue, By Type, 2020 – 2028
      • 5.5.5. Rest of Latin America
        • 5.5.5.1. Rest of Latin America Market Revenue, By Type, 2020 – 2028
    • 5.6. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2020 – 2028 ()
      • 5.6.2. The Middle-East and Africa Market Revenue, By Type, 2020 – 2028
      • 5.6.3. GCC Countries
        • 5.6.3.1. GCC Countries Market Revenue, By Type, 2020 – 2028
      • 5.6.4. South Africa
        • 5.6.4.1. South Africa Market Revenue, By Type, 2020 – 2028
      • 5.6.5. Rest of Middle-East Africa
        • 5.6.5.1. Rest of Middle-East Africa Market Revenue, By Type, 2020 – 2028
  • Chapter No. 6 Logistics Insurance Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technology Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7 Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Logistics Insurance Market: Company Market Share, 2019
      • 7.1.2. Global Logistics Insurance Market, Company Market Revenue, 2016 – 2019 ()
      • 7.1.3. Global Logistics Insurance Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 7.1.4. Global Logistics Insurance Market: Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Product Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8 Company Profiles
    • 8.1. Integrity Transportation Insurance Agency
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Product Portfolio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. Atrium Corporation
    • 8.3. Beazley Group
    • 8.4. Gard AS
    • 8.5. Mitsui Sumitomo Insurance Company Limited
    • 8.6. Liberty Mutual Insurance
    • 8.7. Samsung Fire & Marine Insurance Co. Ltd.
    • 8.8. Peoples Insurance Agency
    • 8.9. Sompo Japan Nipponkoa Insurance Inc.
    • 8.10. Swiss Re Ltd
  • Chapter No. 9 Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10 Research Methodology
    • 10.1. Research Methodology
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Logistics Insurance Market Revenue, 2020 – 2028 ()
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 6. Global Logistics Insurance Market for Marine Insurance, Revenue () 2020 – 2028
FIG NO. 7. Comparative Revenue Analysis of Logistics Insurance Market for Marine Insurance, By Country, 2020 & 2028
FIG NO. 8. Global Logistics Insurance Market for Inland Insurance, Revenue () 2020 – 2028
FIG NO. 9. Comparative Revenue Analysis of Logistics Insurance Market for Inland Insurance, By Country, 2020 & 2028
FIG NO. 10. Global Logistics Insurance Market for Aviation Insurance, Revenue () 2020 – 2028
FIG NO. 11. Comparative Revenue Analysis of Logistics Insurance Market for Aviation Insurance, By Country, 2020 & 2028
FIG NO. 12. Global Logistics Insurance Market Revenue Share, By Region, 2020 & 2028
FIG NO. 13. North America Logistics Insurance Market Revenue, 2020 - 2028 ()
FIG NO. 14. Porter’s Five Forces Analysis for Global Logistics Insurance Market
FIG NO. 15. PEST Analysis for Global Logistics Insurance Market
FIG NO. 16. Pricing Analysis for Global Logistics Insurance Market
FIG NO. 17. Value Chain Analysis for Global Logistics Insurance Market
FIG NO. 18. Company Share Analysis, 2019
FIG NO. 19. Radar Determinant Chart, 2019
FIG NO. 20. Company Strategic Developments – Heat Map Analysis
FIG NO. 21. Integrity Transportation Insurance Agency Business Segment Revenue Share, 2020 (%)
FIG NO. 22. Integrity Transportation Insurance Agency Geographical Segment Revenue Share, 2020 (%)
FIG NO. 23. Market Channels
FIG NO. 24. Marketing Channel Development Trend
FIG NO. 25. Growth in World Gross Product, 2008-2018
FIG NO. 26. Research Methodology – Detailed View
FIG NO. 27. Research Methodology


List of Tables 

TABLE NO. 1. Global Logistics Insurance Market: Snapshot
TABLE NO. 2. Quarterly Logistics Insurance Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Logistics Insurance Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 ()
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 ()
TABLE NO. 6. Global Logistics Insurance Market for Marine Insurance, by Region, 2020 – 2028 ()
TABLE NO. 7. Global Logistics Insurance Market for Inland Insurance, by Region, 2020 – 2028 ()
TABLE NO. 8. Global Logistics Insurance Market for Aviation Insurance, by Region, 2020 – 2028 ()
TABLE NO. 9. Global Logistics Insurance Market Revenue, By Region, 2020 – 2028 ()
TABLE NO. 10. North America Logistics Insurance Market Revenue, By Country, 2020 – 2028 ()
TABLE NO. 11. North America Logistics Insurance Market Revenue, By Type, 2020 – 2028 ()
TABLE NO. 12. U.S. Logistics Insurance Market Revenue, By Type, 2020 – 2028 ()
TABLE NO. 13. Canada Logistics Insurance Market Revenue, By Type, 2020 – 2028 ()
TABLE NO. 14. Mexico Logistics Insurance Market Revenue, By Type, 2020 – 2028 ()
TABLE NO. 15. Drivers for the Logistics Insurance Market: Impact Analysis
TABLE NO. 16. Restraints for the Logistics Insurance Market: Impact Analysis
TABLE NO. 17. Major Buyers of Logistics Insurance
TABLE NO. 18. Distributors/Traders List of Logistics Insurance
TABLE NO. 19. Global Logistics Insurance Market, Company Market Revenue, 2016 – 2019 ()
TABLE NO. 20. Global Logistics Insurance Market, Company Y-o-Y Growth, 2017 – 2019 ()
 

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FrequentlyAsked Questions

The logistics insurance market was valued at USD 46.35 Billion in 2020.

The logistics insurance market is expected to reach USD 77.85 Billion by 2028, growing at a CAGR of 6.95% between 2021 to 2028.

The rapid growth of the transportation industry in emerging countries has been fueled by increased foreign direct investment, the establishment of free trade zones, and increased globalization. Logistics hubs and trade routes are slowly shifting toward the emerging market. Privatization of the transportation industry has accelerated growth in China, Turkey, and India.

Europe accounted for a share of around 34% in 2020. Europe accounted for a sizable portion and grew to become one of the industry's most influential markets. The presence of established Logistics Infrastructure players along with the rise of digital insurance are the primary factors bolstering the region's dominance.

Some of key players in Logistics Insurance market  are llianz SE, Dawson Companies, American International Group, Inc., DB Schenker, G4S International Logistics, AGCS Aon, AXA, Integrity Transportation Insurance Agency, Liberty Mutual Insurance and Marsh among others.
 

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