Asia Pacific Logistics Insurance Market Size & Outlook
Asia Pacific logistics insurance market, 2018-2030 (US$M)
Related Markets
Asia Pacific logistics insurance market highlights
- The Asia Pacific logistics insurance market generated a revenue of USD 16.0 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, cargo insurance was the largest revenue generating coverage type in 2023.
- Cargo Insurance is the most lucrative coverage type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 16.0 million |
| Market revenue in 2030 | USD 21.2 million |
| Growth rate | 4.1% (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 |
| Key market players worldwide | American International Group Inc, Allianz SE, United Parcel Service Inc Class B, AXA SA, Peoples Insurance Agency, Thomas Miller, Concord Group Insurance, Asstra-Associated Traffic AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.5% of the global logistics insurance market in 2023.
- Globally, Europe 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 21.2 million by 2030.
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Logistics Insurance Market Scope
Logistics Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 36.88% in 2023. Horizon Databook has segmented the Asia Pacific 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.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific logistics insurance market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific logistics insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific logistics insurance market size, by country, 2018-2030 (US$M)
Asia Pacific Logistics Insurance Market Outlook Share, 2023 & 2030 (US$M)
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