Global Travel Insurance Market Size & Outlook, 2022-2030
Global travel insurance market, 2017-2030 (US$M)
Related Markets
Global travel insurance market highlights
- The global travel insurance market generated a revenue of USD 20,318.6 million in 2022 and is expected to reach USD 63,874.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 15.4% by 2030.
- In terms of segment, single-trip travel insurance accounted for a revenue of USD 12,274.7 million in 2022.
- Single-trip Travel Insurance is the most lucrative insurance coverage segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 20,318.6 million |
| Market revenue in 2030 | USD 63,874.8 million |
| Growth rate | 15.4% (CAGR from 2022 to 2030) |
| Largest segment | Single-trip travel insurance |
| Fastest growing segment | Single-trip Travel Insurance |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single-trip Travel Insurance, Annual Multi-trip Travel Insurance, Long-stay Travel Insurance |
Other key industry trends
- In terms of revenue, the North America accounted for 17.3% of the global travel insurance market in 2022.
- 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 4,507.0 million by 2030.
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Travel Insurance Market Scope
Travel Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global travel 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 travel insurance market will help companies and investors design strategic landscapes.
Single-trip travel insurance was the largest segment with a revenue share of 60.41% in 2022. Horizon Databook has segmented the Global travel insurance market based on single-trip travel insurance, annual multi-trip travel insurance, long-stay travel insurance covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Travel Insurance Insurance Coverage Outlook (Revenue, USD Million, 2017-2030)
- Single-trip Travel Insurance
- Annual Multi-trip Travel Insurance
- Long-stay Travel Insurance
- Global Travel Insurance Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Insurance Intermediaries
- Insurance Companies
- Banks
- Insurance Brokers
- Insurance Aggregators
- Global Travel Insurance End-Users Outlook (Revenue, USD Million, 2017-2030)
- Education Travelers
- Business Travelers
- Senior Citizens
- Family Travelers
- Others
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Target buyers of Global travel insurance market databook
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Our clientele includes a mix of travel 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global travel insurance market, including forecasts for subscribers. This global databook contains high-level insights into Global travel insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global travel insurance market report size, by regions, 2017-2030 (US$M)
Top 10 countries: Travel insurance market report size, 2022 (US$M)
Global travel insurance market report share, by insurance coverage, 2022 & 2030 (%, US$M)
Travel insurance market: Opportunity assessment by country
Global travel insurance market, by region, 2022 (US$M)
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