Press release
Cargo Transportation Insurance Market 2024 Competitive Landscape, Industry Analysis, Segmentation And Forecast To 2033
Cargo Transportation Insurance Market
As per the report, the cargo transportation insurance market size has grown steadily in recent years. It will grow from $54.72 billion in 2023 to $57.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The cargo transportation insurance market size is expected to see steady growth in the next few years. It will grow to $65.91 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=12512&type=smp
Surging Marine Transportation Boosts Cargo Transportation Insurance Market
The rising marine transportation is expected to propel the growth of the cargo transportation insurance market going forward. Marine transportation, usually known as maritime transportation, is the movement of products, people, and resources by water utilizing various vehicles such as vessels, yachts, and boats. Cargo transportation insurance is a type of insurance policy that protects marine cargo against loss or damage caused by sea or air travel risks, as well as subsequent land and inland waterways. For instance, in January 2023, according to the United Nations Conference on Trade and Development, a US-based intergovernmental organization, international marine trade flows increased from 10,645 million tons in 2020 to 10,985 million tons in 2021. Therefore, rising marine transportation is driving the growth of the cargo transportation insurance market.
Tech Advancements Drive Transformation In The Cargo Transportation Insurance Market
Technological advancements are a key trend gaining popularity in the cargo transportation insurance market. Major companies operating in the cargo transportation insurance market are adopting innovative technologies to sustain their position in the market. For instance, in May 2023, Breeze, a UK-based company that provides digital freight insurance, partnered with Ceedbox, a UK-based software company, and Cardinal Global Logistics, a UK-based freight forwarding company, to launch an automated insurance solution. This uses Ceedbox's technology that reduces manual entry and human mistakes, resulting in fewer discrepancies and insurance claim concerns, enabling Cardinal to provide a more efficient and thorough service to its clients. It significantly reduces the time and effort required for accurate cargo insurance coverage.
The cargo transportation insurance market covered in this report is segmented -
1) By Type: Land Cargo Insurance, Air Cargo Insurance, Marine Cargo Insurance, Parcel Transportation Insurance
2) By Forms Of Transport: Sea Transport, Domestic Rail Transport, International Rail Transport, Domestic Road Transport, International Road Transport, Air Transport
3) By Policy Type: Open Cover Cargo Policy, Specific Cargo Policy, Contingency Insurance Policy
4) By Application: Logistics industry, Transportation industry, Insurance industry, Other Applications
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=12512&type=discount
Major companies operating in the cargo transportation insurance market report are Axa SA, Generali, Lloyd's of London, American International Group Inc., The Phoenix Insurance Company Ltd., Tokio Marine, Chubb Corp., Swiss Reinsurance Company Ltd., Zurich Insurance Group Ltd., Sompo International, Travelers Companies Inc., Marsh LLC, Samsung Fire and Marine Insurance Co. Ltd., QBE Insurance Group, Aon PLC, Markel Corporation, HDI Global, Arthur J. Gallagher and Co., Allianz SE, Hanover Insurance Group, Lockton Companies Inc., Hiscox, Great American Insurance Group, Mitsui Sumitomo Insurance, RSA Insurance Group, C&S Insurance Agency Inc., Liberty General Insurance Ltd., Progressive Services Co.
Contents of the report:
1. Executive Summary
2. Cargo Transportation Insurance Market Report Structure
3. Cargo Transportation Insurance Market Trends And Strategies
4. Cargo Transportation Insurance Market - Macro Economic Scenario
5. Cargo Transportation Insurance Market Size And Growth
…..
27. Cargo Transportation Insurance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/cargo-transportation-insurance-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cargo Transportation Insurance Market 2024 Competitive Landscape, Industry Analysis, Segmentation And Forecast To 2033 here
News-ID: 3594572 • Views: …
More Releases from The Business Research Company
Emerging Trends to Reshape the Corporate Governance Services Market: Advancement …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Corporate Governance Services Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for corporate governance services has greatly expanded. Current projections show that the market will expand from $4.65 billion in 2024 to $5.08 billion in 2025 with a compound annual growth rate…
2025-2034 Communication Satellite Operation Service Market Evolution: Disruption …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Communication Satellite Operation Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for communication satellite operation services has witnessed a swift expansion in recent years. The market value, which is projected to increase from $29.54 billion in 2024 to $32.79 billion in 2025,…
Global Cloud Financial Operations Market Projected to Grow at 12.8% CAGR, Reachi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Cloud Financial Operations Market Through 2025?
The market size for cloud financial operations has experienced swift expansion in the past years. The market, which is projected to increase from $11.85 billion in 2024 to $13.41 billion in 2025, boasts a compound annual…
Chemical, Biological, Radiological, Nuclear, And Explosive (CBRNE) Threat Detect …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Chemical, Biological, Radiological, Nuclear, And Explosive (CBRNE) Threat Detection Instruments Industry Market Size Be by 2025?
The size of the market for Chemical, Biological, Radiological, Nuclear, and Explosive (CBRNE) threat detection tools has seen a swift expansion in recent times. The market, valued at $2.46 billion…
More Releases for Insurance
Renters Insurance Market Dazzling Worldwide with Major Giants Travelers Insuranc …
According to HTF Market Intelligence, the Global Renters Insurance market to witness a CAGR of xx% during the forecast period (2024-2030). The Latest research study released by HTF MI "Renters Insurance Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying…
Renters Insurance Market to See Competition Rise | Travelers Insurance, Geico In …
HTF MI introduces new research on Renters Insurance covering the micro level of analysis by competitors and key business segments (2023-2029). The Renters Insurance explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Insurance Road Assistance Services Market Is Booming Worldwide | Travelers Insur …
Insurance Road Assistance Services Market: The extensive research on Insurance Road Assistance Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Insurance Road Assistance Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the…
Agriculture Crop Insurance Market Type (MPCI Insurance, Hail Insurance, Livestoc …
Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market…
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview
The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market…
Life Insurance Market in Kuwait By Warba Insurance Company, Al Ahleia Insurance …
GlobalData’s 'Life Insurance in Kuwait, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).
The report also…
