Global Boat Insurance Market Growth (Status and Outlook) 2023-2029

Global Boat Insurance Market Growth (Status and Outlook) 2023-2029

Boat Insurance is hull insurance that covers damage to a boat, its machinery and its equipment. It refers to the main body of the ship and it can be understood like car insurance, with a difference of being for a water faring vehicle instead of land. It covers all types of vessels operating into the oceans, lakes, or rivers like bulk carriers, fishing boats, ships, tankers, cruises, yachts.

LPI (LP Information)' newest research report, the “Boat Insurance Industry Forecast” looks at past sales and reviews total world Boat Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Boat Insurance sales for 2023 through 2029. With Boat Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Boat Insurance industry.

This Insight Report provides a comprehensive analysis of the global Boat Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Boat Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Boat Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Boat Insurance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Boat Insurance.

The global Boat Insurance market size is projected to grow from US$ 940 million in 2022 to US$ 1240.8 million in 2029; it is expected to grow at a CAGR of 4.0% from 2023 to 2029.

North America is the largest Boat Insurance market with about 43% market share. Europe is follower, accounting for about 29% market share.

The key players are Zurich, AXA, AVIVA, State Farm, Allianz, GEICO, Sompo Japan Nipponkoa, CPIC, Markel Corporation, Kemper Corporation, Allstate, MetLife, PingAn, Westfield, Westpac, RAA, Northbridge, RSA Insurance, Helvetia, Pantaenius Yacht Insurance, Generali, United Marine Underwriters, Pacific Marine etc. Top 5 companies occupied about 35% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Boat Insurance market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Actual Cash Value
Agreed Amount Value

Segmentation by application
Ocean
Lakes
Rivers

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zurich
AXA
AVIVA
State Farm
Allianz
Berkshire Hathaway
Sompo Japan Nipponkoa
CPIC
Markel Corporation
Kemper Corporation
Allstate
MetLife
PingAn
Westfield
Westpac
RAA
Northbridge
RSA Insurance
Helvetia
Pantaenius Yacht Insurance
Generali
United Marine Underwriters
Pacific Marine

Please note: The report will take approximately 2 business days to prepare and deliver.