Global Opportunity Analysis and Industry Forecast, 2021-2030 – InsuranceNewsNet

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Commercial Motor Insurance Market: Global Opportunities Analysis and Industry Forecast, 2021-2030

PORTLAND OR, United States, UNITED STATES, November 3, 2022 / — Commercial Motor Insurance Market Outlook – 2030
The global commercial auto insurance market size has been valued at $128.44 billion in 2020, and should reach $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 Motor 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

Aspect details
By distribution channel
Brokers and agents
Direct response

By type of coverage
Liability insurance
Collision/Full/Optional Coverage

By type of vehicle
Light commercial vehicle
New vehicles
Used vehicles

By region
North America (WE, Canada)
Europe (UK, Germany, France, Italy, Spain, NetherlandsRest of Europe)
Asia Pacific (China, India, Japan, Australia, South KoreaRest of Asia Pacific)
LAMED (Latin America, Middle East, Africa)
Main market players Allianz, American International Group Inc., Aon plcAviva, AXA, Berkshire Hathaway Inc.chub, Liberty Mutual Insurance Company, Willis Towers Watson, Zürich

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