Global Logistics Insurance Market Size & Outlook
Global logistics insurance market, 2018-2030 (US$M)
Related Markets
Global logistics insurance market highlights
- The global logistics insurance market generated a revenue of USD 58.1 million in 2023 and is expected to reach USD 70.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 2.8% by 2030.
- In terms of segment, cargo insurance accounted for a revenue of USD 21.3 million in 2023.
- Cargo Insurance is the most lucrative coverage type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 58.1 million |
| Market revenue in 2030 | USD 70.4 million |
| Growth rate | 2.8% (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 |
Other key industry trends
- In terms of revenue, the North America accounted for 27.8% of the global logistics insurance market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 9.9 million by 2030.
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Logistics Insurance Market Scope
Logistics Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 will help companies and investors design strategic landscapes.
Cargo insurance was the largest segment with a revenue share of 36.66% in 2023. Horizon Databook has segmented the Global 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.
- Global Logistics Insurance Coverage Type Outlook (Revenue, USD Million, 2018-2030)
- Cargo Insurance
- Freight Forwarder Liability Insurance
- Marine services liability
- Others
- Global Logistics Insurance End User Outlook (Revenue, USD Million, 2018-2030)
- Individual
- Enterprises
- Global Logistics Insurance Industry Outlook (Revenue, USD Million, 2018-2030)
- Transportation
- Marine
- Aviation
- Others
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Target buyers of Global logistics insurance market databook
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Our clientele includes a mix of logistics insurance market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global logistics insurance market , including forecasts for subscribers. This global databook contains high-level insights into Global logistics insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global logistics insurance market size, by regions, 2018-2030 (US$M)
Top 10 countries: Logistics insurance market size, 2023 (US$M)
Global logistics insurance market share, by coverage type, 2023 & 2030 (%, US$M)
Logistics insurance market: Opportunity assessment by country
Global logistics insurance market, by region, 2023 (US$M)
| Coverage Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 14.1 | 14.5 | 14.9 | 15.3 | 15.8 | 16.2 | 16.6 | 17.0 | 17.5 | 17.9 | 18.3 | 18.7 | 19.2 | 2.4% |
| Europe | 17.3 | 17.7 | 18.1 | 18.5 | 19.0 | 19.4 | 19.8 | 20.2 | 20.6 | 21.0 | 21.5 | 21.9 | 22.2 | 2.0% |
| Asia Pacific | 12.8 | 13.4 | 14.0 | 14.7 | 15.3 | 16.0 | 16.7 | 17.4 | 18.1 | 18.9 | 19.6 | 20.4 | 21.2 | 4.1% |
| Latin America | 4.2 | 4.4 | 4.5 | 4.6 | 4.8 | 5.0 | 5.1 | 5.3 | 5.4 | 5.6 | 5.8 | 5.9 | 6.1 | 3.0% |
| MEA | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.4% |
| Overall | 49.9 | 51.5 | 53.1 | 54.7 | 56.4 | 58.1 | 59.9 | 61.6 | 63.3 | 65.1 | 66.9 | 68.6 | 70.4 | 2.8% |
Related regional statistics
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