Logistics Insurance Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2030, Segmented By Coverage (Cargo Insurance, Freight Forwarder Liability Insurance, Marine Services Liability); By Industry (Transportation, Marine, Av

Logistics Insurance Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2030, Segmented By Coverage (Cargo Insurance, Freight Forwarder Liability Insurance, Marine Services Liability); By Industry (Transportation, Marine, Aviation); By End User (Individuals, Enterprises); By Region (North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA))


Global Logistics Insurance Market Size Booming at Significant CAGR of 9.16% to Touch Whopping USD 72.1 Billion by 2030
Global Logistics Insurance Market is expanding rapidly due to increased international trade, growing complexities in supply chains, rising demand for risk management, and technological advancements in tracking and monitoring
BlueWeave Consulting, a leading strategic consulting and Market research firm, in its recent study, estimated the Global Logistics Insurance Market size by value at USD 64.92 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Logistics Insurance Market size to expand at a CAGR of 9.16% reaching a value of USD 72.1 billion in 2023. The growth of the Global Logistics Insurance Market is driven by several factors, including the expansion of global trade, increasing supply chain complexities, and the rise of e-commerce. Advancements in logistics technology and heightened awareness about risk management further contribute to market growth. Additionally, regulatory requirements and the need for comprehensive coverage against cargo damage, theft, and liability propel demand. Economic growth in emerging markets and the globalization of manufacturing and distribution networks also play significant roles in driving the market expansion.
Opportunity – Evolving customer needs
In an era of rapid globalization and technological advancement, customer expectations in the logistics sector are undergoing a significant transformation. With the rise of e-commerce, demand for streamlined supply chain solutions and comprehensive insurance coverage is burgeoning. Logistics insurance providers are thus compelled to adapt, offering innovative policies tailored to meet evolving client requirements. The shift is driven by the need for greater transparency, flexibility, and efficiency in mitigating risks associated with global trade. Therefore, companies that embrace the evolving customer needs are poised to capitalize on substantial growth opportunities in the dynamic Logistics Insurance Market.
Impact of Escalating Geopolitical Tensions on Global Logistics Insurance Market
Escalating geopolitical tensions significantly impact the Global Logistics Insurance Market. Trade disruptions, such as tariffs and sanctions, increase shipping costs and risk, driving up insurance premiums. For instance, the United States-China trade war led to a 10% rise in premiums due to increased cargo risks. Conflict zones, like the Russia-Ukraine war, create high-risk areas, leading to higher claims and increased costs for insurers. Political instability, such as Brexit, adds uncertainty and regulatory changes, complicating risk assessments and policy issuance. Additionally, piracy in regions like the Gulf of Aden has prompted insurers to adjust coverage and raise rates. Overall, these factors heighten operational risks and financial burdens, impacting the market's stability and growth.
Global Logistics Insurance Market
Segmental Coverage
Global Logistics Insurance Market – By Coverage
Based on coverage, Global Logistics Insurance Market is divided into Cargo Insurance, Freight Forwarder Liability Insurance, and Marine Services Liability segments. The cargo insurance coverage is the largest segment in the Global Logistics Insurance Market, covering the protection of goods during transit. The segment encompasses a broad range of goods transported via various modes such as air, sea, or land, ensuring coverage against risks like damage, theft, or loss. Cargo insurance plays a pivotal role in mitigating financial losses for businesses engaged in international trade or domestic logistics operations. Its significance stems from the vital role cargo transportation plays in global supply chains, necessitating robust insurance solutions to safeguard shipments and provide peace of mind to stakeholders across the logistics industry.
Global Logistics Insurance Market – By Industry
Based on industry, Global Logistics Insurance Market is divided into Transportation, Marine, and Aviation segments. The transportation segment emerging as the largest segment in the Global Logistics Insurance Market. Transportation insurance covers a wide array of risks associated with the movement of goods, including trucking, rail, and cargo shipping. The segment is crucial for mitigating potential losses arising from accidents, theft, or damage during transit. Its prominence underscores the significance of ensuring the smooth flow of goods across various modes of transportation in the global supply chain. As such, investment and focus on transportation insurance remain pivotal for safeguarding logistical operations worldwide.
Competitive Landscape
Global Logistics Insurance Market is fiercely competitive. Major companies in the market include American International Group (AIG), Inc., Allianz, DB Schenker, Peoples Insurance Agency, United Parcel Service of America, Inc., AXA SA, Thomas Miller Group, Concord, AsstrA-Associated Traffic AG, Arch Group, China Pacific Life Insurance, and GEICO. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Global Logistics Insurance Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Logistics Insurance Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Logistics Insurance Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Global Logistics Insurance Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Surge in E-commerce and Online Shopping
3.2.1.2. Expansion of International Trade
3.2.1.3. Growing Risk Awareness
3.2.2. Restraints
3.2.2.1. Lack of Awareness
3.2.2.2. High Claims Frequency
3.2.3. Opportunities
3.2.3.1. Evolving Customer Needs
3.2.3.2. Advancement in technology
3.2.4. Challenges
3.2.4.1. Complexities and Variations in Coverage
3.2.4.2. Price Sensitivity
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Global Logistics Insurance Market: Marketing Strategies
5. Global Logistics Insurance Market: Pricing Analysis
6. Global Logistics Insurance Market: Geographical Analysis
6.1. Global Logistics Insurance Market, Geographical Analysis, 2023
6.2. Global Logistics Insurance Market, Market Attractiveness Analysis, 2024–2030
7. Global Logistics Insurance Market Overview
7.1. Market Size & Forecast, 2019–2030
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Coverage
7.2.1.1. Cargo Insurance
7.2.1.2. Freight Forwarder Liability Insurance
7.2.1.3. Marine Services Liability
7.2.1.4. Others
7.2.2. By Industry
7.2.2.1. Transportation
7.2.2.2. Marine
7.2.2.3. Aviation
7.2.2.4. Others
7.2.3. By End User
7.2.3.1. Individuals
7.2.3.2. Enterprises
7.2.4. By Region
7.2.4.1. North America
7.2.4.2. Europe
7.2.4.3. Asia Pacific (APAC)
7.2.4.4. Latin America (LATAM)
7.2.4.5. Middle East and Africa (MEA)
8. North America Logistics Insurance Market
8.1. Market Size & Forecast, 2019–2030
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Coverage
8.2.2. By Industry
8.2.3. By End User
8.2.4. By Country
8.2.4.1. United States
8.2.4.1.1. By Coverage
8.2.4.1.2. By Industry
8.2.4.1.3. By End User
8.2.4.2. Canada
8.2.4.2.1. By Coverage
8.2.4.2.2. By Industry
8.2.4.2.3. By End User
9. Europe Logistics Insurance Market
9.1. Market Size & Forecast, 2019–2030
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Coverage
9.2.2. By Industry
9.2.3. By End User
9.2.4. By Country
9.2.4.1. Germany
9.2.4.1.1. By Coverage
9.2.4.1.2. By Industry
9.2.4.1.3. By End User
9.2.4.2. United Kingdom
9.2.4.2.1. By Coverage
9.2.4.2.2. By Industry
9.2.4.2.3. By End User
9.2.4.3. Italy
9.2.4.3.1. By Coverage
9.2.4.3.2. By Industry
9.2.4.3.3. By End User
9.2.4.4. France
9.2.4.4.1. By Coverage
9.2.4.4.2. By Industry
9.2.4.4.3. By End User
9.2.4.5. Spain
9.2.4.5.1. By Coverage
9.2.4.5.2. By Industry
9.2.4.5.3. By End User
9.2.4.6. Belgium
9.2.4.6.1. By Coverage
9.2.4.6.2. By Industry
9.2.4.6.3. By End User
9.2.4.7. Russia
9.2.4.7.1. By Coverage
9.2.4.7.2. By Industry
9.2.4.7.3. By End User
9.2.4.8. The Netherlands
9.2.4.8.1. By Coverage
9.2.4.8.2. By Industry
9.2.4.8.3. By End User
9.2.4.9. Rest of Europe
9.2.4.9.1. By Coverage
9.2.4.9.2. By Industry
9.2.4.9.3. By End User
10. Asia Pacific Logistics Insurance Market
10.1. Market Size & Forecast, 2019–2030
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Coverage
10.2.2. By Industry
10.2.3. By End User
10.2.4. By Country
10.2.4.1. China
10.2.4.1.1. By Coverage
10.2.4.1.2. By Industry
10.2.4.1.3. By End User
10.2.4.2. India
10.2.4.2.1. By Coverage
10.2.4.2.2. By Industry
10.2.4.2.3. By End User
10.2.4.3. Japan
10.2.4.3.1. By Coverage
10.2.4.3.2. By Industry
10.2.4.3.3. By End User
10.2.4.4. South Korea
10.2.4.4.1. By Coverage
10.2.4.4.2. By Industry
10.2.4.4.3. By End User
10.2.4.5. Australia & New Zealand
10.2.4.5.1. By Coverage
10.2.4.5.2. By Industry
10.2.4.5.3. By End User
10.2.4.6. Indonesia
10.2.4.6.1. By Coverage
10.2.4.6.2. By Industry
10.2.4.6.3. By End User
10.2.4.7. Malaysia
10.2.4.7.1. By Coverage
10.2.4.7.2. By Industry
10.2.4.7.3. By End User
10.2.4.8. Singapore
10.2.4.8.1. By Coverage
10.2.4.8.2. By Industry
10.2.4.8.3. By End User
10.2.4.9. Vietnam
10.2.4.9.1. By Coverage
10.2.4.9.2. By Industry
10.2.4.9.3. By End User
10.2.4.10. Rest of APAC
10.2.4.10.1. By Coverage
10.2.4.10.2. By Industry
10.2.4.10.3. By End User
11. Latin America Logistics Insurance Market
11.1. Market Size & Forecast, 2019–2030
11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
11.2.1. By Coverage
11.2.2. By Industry
11.2.3. By End User
11.2.4. By Country
11.2.4.1. Brazil
11.2.4.1.1. By Coverage
11.2.4.1.2. By Industry
11.2.4.1.3. By End User
11.2.4.2. Mexico
11.2.4.2.1. By Coverage
11.2.4.2.2. By Industry
11.2.4.2.3. By End User
11.2.4.3. Argentina
11.2.4.3.1. By Coverage
11.2.4.3.2. By Industry
11.2.4.3.3. By End User
11.2.4.4. Peru
11.2.4.4.1. By Coverage
11.2.4.4.2. By Industry
11.2.4.4.3. By End User
11.2.4.5. Rest of LATAM
11.2.4.5.1. By Coverage
11.2.4.5.2. By Industry
11.2.4.5.3. By End User
12. Middle East & Africa Logistics Insurance Market
12.1. Market Size & Forecast, 2019–2030
12.1.1. By Value (USD Billion)
12.2. Market Share & Forecast
12.2.1. By Coverage
12.2.2. By Industry
12.2.3. By End User
12.2.4. By Country
12.2.4.1. Saudi Arabia
12.2.4.1.1. By Coverage
12.2.4.1.2. By Industry
12.2.4.1.3. By End User
12.2.4.2. UAE
12.2.4.2.1. By Coverage
12.2.4.2.2. By Industry
12.2.4.2.3. By End User
12.2.4.3. Qatar
12.2.4.3.1. By Coverage
12.2.4.3.2. By Industry
12.2.4.3.3. By End User
12.2.4.4. Kuwait
12.2.4.4.1. By Coverage
12.2.4.4.2. By Industry
12.2.4.4.3. By End User
12.2.4.5. South Africa
12.2.4.5.1. By Coverage
12.2.4.5.2. By Industry
12.2.4.5.3. By End User
12.2.4.6. Nigeria
12.2.4.6.1. By Coverage
12.2.4.6.2. By Industry
12.2.4.6.3. By End User
12.2.4.7. Algeria
12.2.4.7.1. By Coverage
12.2.4.7.2. By Industry
12.2.4.7.3. By End User
12.2.4.8. Rest of MEA
12.2.4.8.1. By Coverage
12.2.4.8.2. By Industry
12.2.4.8.3. By End User
13. Competitive Landscape
13.1. List of Key Players and Their Offerings
13.2. Global Logistics Insurance Company Market Share Analysis, 2023
13.3. Competitive Benchmarking, By Operating Parameters
13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Escalating Geopolitical Tensions on Global Logistics Insurance Market
15. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
15.1. American International Group, Inc.
15.2. Allianz
15.3. DB Schenker
15.4. Peoples Insurance Agency
15.5. United Parcel Service of America, Inc.
15.6. AXA SA
15.7. Thomas Miller Group.
15.8. Concord
15.9. AsstrA-Associated Traffic AG
15.10. Arch Group
15.11. China Pacific Life Insurance
15.12. GEICO
15.13. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
17.1. Qualitative Research
17.1.1. Primary & Secondary Research
17.2. Quantitative Research
17.3. Market Breakdown & Data Triangulation
17.3.1. Secondary Research
17.3.2. Primary Research
17.4. Breakdown of Primary Research Respondents, By Region
17.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

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