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

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

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.
LPI (LP Information)' newest research report, the “Commercial Truck Insurance Industry Forecast” looks at past sales and reviews total world Commercial Truck Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Commercial Truck Insurance sales for 2023 through 2029. With Commercial Truck Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Truck Insurance industry.
This Insight Report provides a comprehensive analysis of the global Commercial Truck 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 Truck Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Truck Insurance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Truck 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 Truck Insurance.
The global Commercial Truck Insurance market size is projected to grow from US$ 105430 million in 2022 to US$ 169890 million in 2029; it is expected to grow at a CAGR of 7.1% from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Commercial Truck Insurance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Compulsory Insurance
Optional Insurance
Segmentation by application
Semi-trailer Truck
Dump Truck
Tank Truck
Car Haulers
Others
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
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

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