Commercial Motor Insurance Market: Global Opportunities Analysis and Industry Forecast, 2021-2030
PORTLAND, OR, USA, UNITED STATES, Nov. 3, 2022 /EINPresswire.com/ – Commercial Automobile Insurance Market Outlook – 2030
The global commercial auto insurance market size was valued at USD 128.44 Billion in 2020 and is projected to reach USD 307.10 Billion by 2030, growing at a CAGR of 9.2% from 2021 to 2030.
With an unprecedented COVID-19 pandemic, government-mandated shutdowns have followed suit, the widespread reliance on remote working has meant vehicles have been left parked for weeks, and public transport has fallen sharply, which which has affected the growth of the market. However, there is a growing e-commerce market and logistics business in both developed and developing countries is expected to drive the growth of commercial auto insurance in the coming years.
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Main benefits for stakeholders
The study provides an in-depth analysis of the global commercial auto insurance market share along with current trends and future estimates to illustrate impending investment pockets.
Information on the major drivers, restraints, and opportunities and their impact analysis on the global commercial auto insurance market size is provided in the report.
Porter’s Five Forces Analysis illustrates the power of buyers and suppliers operating in the commercial auto insurance market.
In-depth analysis of key industry segments helps in understanding the commercial auto insurance market trends.
The quantitative analysis of the global commercial auto insurance market forecast from 2021 to 2030 is provided to determine the market potential.
Commercial Automobile Insurance Market Report Highlights
By distribution channel
Brokers and agents
By type of coverage
By type of vehicle
Light commercial vehicle
North America (USA, Canada)
Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Major Market Players Allianz, American International Group Inc., Aon plc, Aviva, AXA, Berkshire Hathaway Inc., Chubb, Liberty Mutual Insurance Company, Willis Towers Watson, Zurich
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