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Worst May be Over for Logistics Insurance Market; How Industry Players Will Regain Growth Cycle Again
Logistics Insurance Market Latest Edition Published with Forecast to 2027- Feb 26, 2022
- Multi-line Insurance
AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Logistics Insurance market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Logistics Insurance market to grow at a CAGR of % .
The Coverage Type, such as Commercial General Liability, is boosting the Logistics Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Logistics Insurance market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Growing Usage of Smartphones in Both Developed and Emerging Markets., Increase in Disposable Income of Consumers to Purchase Products and their Insurance and The increasing Customer Expectation for Personalized Insurance Products and Services”.
Logistics insurance is an insurance that offers a protective cover against the damage/injury or loss to business in exchange for a premium because of interruption in the logistics chain. These are in the form of risk management which includes various forms of compensation benefits such as protection cover for vehicles against damage or loss and for property and compensation for accidental death. Growing expectation towards personalized insurance products and services are encouraging the market to grow in forecasting years.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Logistics Insurance market by Type (Transportation Insurance, Marine Insurance, Inland Insurance and Aviation Insurance), by Application (Manufacturing, Services and Commerce) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Logistics Insurance market
The Coverage Type, such as Commercial General Liability, is boosting the Logistics Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Logistics Insurance market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
Logistics insurance is an insurance that offers a protective cover against the damage/injury or loss to business in exchange for a premium because of interruption in the logistics chain. These are in the form of risk management which includes various forms of compensation benefits such as protection cover for vehicles against damage or loss and for property and compensation for accidental death. Growing expectation towards personalized insurance products and services are encouraging the market to grow in forecasting years.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Logistics Insurance market by Type (Transportation Insurance, Marine Insurance, Inland Insurance and Aviation Insurance), by Application (Manufacturing, Services and Commerce) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Praveen Kumar
Head & Director of Sales