Global Commercial Truck Insurance Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Commercial Truck Insurance Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Commercial truck insurance provides coverage for vehicles used by businesses. These could be vehicles purchased for sole use of the business itself, or personal vehicles used for business purposes. Commercial truck insurance operates similarly to personal auto insurance, covering collision, property damage, medical payments, and other costs that could result either from driving mistakes or damages caused by sources outside one’s control. Personal insurance however, cannot usually be used for vehicles that are driven for business purposes. This is where commercial insurance steps in, since it can cover vehicles that regular auto insurance would not.

According to our (Global Info Research) latest study, the global Commercial Truck Insurance market size was valued at US$ 119070 million in 2023 and is forecast to a readjusted size of USD 185840 million by 2030 with a CAGR of 6.6% during review period.

The Commercial Truck Insurance Liability Insurance and Physical Damage Insurance and Other. As of 2018, Physical Damage Insurance segment dominates the market contributing more than 66% of the total market share, reach to 30137 million dollars. The commercial truck Insurance market is fragment market; key players include PICC, Progressive Corporation, Ping An Insurance, AXA, Sompo Japan, Tokyo Marine, Travelers Group, Liberty Mutual Group, Zurich, CPIC, Nationwide, Mitsui Sumitomo Insurance, Aviva, Berkshire Hathaway, Old Republic International, Auto Owners Grp., Assicurazioni Generali, MAPFRE, Chubb, AmTrust NGH the premium of top ten manufacturers accounts about 20.76% of the total premium.

This report is a detailed and comprehensive analysis for global Commercial Truck Insurance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Commercial Truck Insurance market size and forecasts, in consumption value ($ Million), 2019-2030

Global Commercial Truck Insurance market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global Commercial Truck Insurance market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030

Global Commercial Truck Insurance market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Commercial Truck Insurance

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Commercial Truck Insurance market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include PICC, Progressive Corporation, Ping An, Travelers Group, AXA, Sompo Japan, Liberty Mutual Group, Tokyo Marine, CPIC, Zurich, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Commercial Truck Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

Commercial Truck Insurance market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Compulsory Insurance
Optional Insurance

Market segment by Application
Semi-trailer Truck
Dump Truck
Tank Truck
Car Haulers
Others

Market segment by players, this report covers
PICC
Progressive Corporation
Ping An
Travelers Group
AXA
Sompo Japan
Liberty Mutual Group
Tokyo Marine
CPIC
Zurich
Old Republic International
Nationwide
Aviva
Mitsui Sumitomo Insurance
Assicurazioni Generali
Berkshire Hathaway
Auto Owners Grp
Chubb
AmTrust NGH
MAPFRE

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Commercial Truck Insurance product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Commercial Truck Insurance, with revenue, gross margin, and global market share of Commercial Truck Insurance from 2019 to 2024.

Chapter 3, the Commercial Truck Insurance competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Commercial Truck Insurance market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Commercial Truck Insurance.

Chapter 13, to describe Commercial Truck Insurance research findings and conclusion.