Europe Logistics Insurance Market Size & Outlook

The logistics insurance market in Europe is expected to reach a projected revenue of US$ 22.2 million by 2030. A compound annual growth rate of 2% is expected of Europe logistics insurance market from 2024 to 2030.

Revenue, 2023 (US$M)
$19.4
Forecast, 2030 (US$M)
$22.2
CAGR, 2024 - 2030
1.9%
Report Coverage
Europe

Europe logistics insurance market highlights

  • The Europe logistics insurance market generated a revenue of USD 19.4 million in 2023.
  • The market is expected to grow at a CAGR of 2% 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, Germany is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 19.4 million
Market revenue in 2030USD 22.2 million
Growth rate2% (CAGR from 2023 to 2030)
Largest segmentCargo insurance
Fastest growing segmentCargo Insurance
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCargo Insurance, Freight Forwarder Liability Insurance, Marine services liability
Key market players worldwideAmerican 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, Europe region accounted for 33.4% 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 Companies

Name Profile # Employees HQ Website

Europe 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 36.6% in 2023. Horizon Databook has segmented the Europe 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 Europe logistics insurance market databook

  • Our clientele includes a mix of logistics insurance market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 Europe logistics insurance market , including forecasts for subscribers. This continent databook contains high-level insights into Europe logistics insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe logistics insurance market size, by country, 2018-2030 (US$M)

Europe Logistics Insurance Market Outlook Share, 2023 & 2030 (US$M)

Europe logistics insurance market size, by country, 2018-2030 (US$M)

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