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

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

Commercial vehicle insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto insurance policy. This type of business insurance covers many types of commercial vehicles—from automobiles used for business purposes, including company cars, to a wide variety of commercial trucks and vehicles.
LPI (LP Information)' newest research report, the “Commercial Auto Insurance Industry Forecast” looks at past sales and reviews total world Commercial Auto Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Commercial Auto Insurance sales for 2023 through 2029. With Commercial Auto Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Auto Insurance industry.
This Insight Report provides a comprehensive analysis of the global Commercial Auto 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 Commercial Auto Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Auto Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Auto 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 Commercial Auto Insurance.
The global Commercial Auto Insurance market size is projected to grow from US$ 138000 million in 2022 to US$ 217900 million in 2029; it is expected to grow at a CAGR of 6.7% from 2023 to 2029.
Major companies in the industry include PICC, Progressive Corporation and Ping An Insurance, which accounted for 5.03%, 3.82% and 3.41% of revenue in 2019, respectively. By region, Europe had the highest share of income, at 35.56%.
This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Auto Insurance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Liability Insurance
Physical Damage Insurance
Others
Segmentation by application
Passenger Car
Commercial Vehicle
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.
PICC
Progressive Corporation
Ping An
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.
Generali Group
MAPFRE
Chubb
AmTrust NGH

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