North America Home Insurance Market Size & Outlook
The home insurance market in North America is expected to reach a projected revenue of US$ 116,838.5 million by 2030. A compound annual growth rate of 6.8% is expected of North America home insurance market from 2024 to 2030.
Revenue, 2023 (US$M)
$73,633.0
Forecast, 2030 (US$M)
$116,838.5
CAGR, 2024 - 2030
6.8%
Report Coverage
North America
North America home insurance market, 2018-2030 (US$M)
North America home insurance market highlights
- The North America home insurance market generated a revenue of USD 73,633.0 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, comprehensive coverage was the largest revenue generating coverage in 2023.
- Comprehensive Coverage is the most lucrative coverage segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 73,633.0 million |
| Market revenue in 2030 | USD 116,838.5 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Comprehensive coverage |
| Fastest growing segment | Comprehensive Coverage |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Comprehensive Coverage |
Other key industry trends
- In terms of revenue, North America region accounted for 29.7% of the global home insurance market in 2023.
- Globally, Asia Pacific 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 130,745.8 million by 2030.
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Home Insurance Market Scope
Home insurance market segmentation & scope
Distribution Channel
Tied Agents & Branches
Brokers
Other Distribution Channel
End Use
Landlords
Tenants
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Home Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related regional statistics
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